Topic: [ANN] RightMesh (RMESH) A Decentralized Mobile Mesh Network - page 4. (Read 17340 times)

TeamThursday Interview with Dan Gillis and Nic Durish. Dan Gillis and Nic Durish were in our Maple Ridge office last week to work closely with  CTO for the RightMesh Project, Dr. Jason Ernst on the  further development of the eNuk app. https://www.youtube.com/watch?v=Ckcx2caqY-0&t=2s

Whitelisting is open now. The Token Event occurs on May 30 and 31st.

We are setting a low individual cap for the first 24 hours to ensure that as many community members as possible can participate in our crowd contribution round. After the first 24 hours there would be no individual cap, so an individual can contribute up to his or her desired amount for which they have been AML approved by Bitcoin Suisse. Get started at https://bitcoinsuisse.ch/rightmesh

The world's first ad hoc software platform for mobile networks and a protocol that uses blockchain technology

RightMesh is there any other play for this coin project? When can ICO start?

A few things we agree with and a few things we do not:

1. They are correct in that as we have not broadly marketed the project, the activity on some social networks is not at the level of some of other campaigns. We have been trying to walk a fine line of telling our story about the project and complying with regulations in multiple jurisdictions about marketing the TGE/ICO, the actions to which, could expose the project to certain risks. As such, all growth is organic and in-bound.

2. We do have a financial plan. The use of proceeds was shared; however, we also recognize that we need to be agile in our deployment of capital. The financial model and the speed at which we can do things varies greatly based on the amount contributed (as well as volatility of ETH). Case in point: the public pre-allocation was done at ~US$935 ETH price. Today, it is ~$800 ... 6 weeks ago it was <$400. We have treasury management plans in place, a great CFO, and a lot of experience in managing a business towards profitability. This should be viewed at a strength of the team and not a weakness.

Regarding the section about "More Work Required", most of this has been covered in our very active blog or discussed a lot within the community on Telegram:

Q. about the competitive landscape and the project's competitive advantages
A. https://medium.com/rightmesh/demystifying-mesh-networks-6c7aaac07e1a

Q. about the regulation of fund dispersal and usage of tools (for example, the use of an escrow) that would guarantee the return of investments if the stated usage of funds is not followed.
A. Making such a statement by any project is a death knell and should be viewed with skepticism by the community as this screams of ponzie scheme IMHO. As we repeatedly have said, "Contributor understands that with regard to RightMesh tokens, no market liquidity may be guaranteed, that the Company will not actively try to list RightMesh tokens on exchanges and that the value (if any) of RightMesh tokens over time may experience extreme volatility or depreciate resulting in loss that will be borne exclusively by Contributor."

Q. about large and well-known project partners
A. We have several project conversations that are underway and we have LOI's with several announced (see our blog). More are coming, but we choose not to disclose until there is something material.

Q. about the product readiness
A. We've been at this for 4 years, have a large team, more are being hired, we deployed onto Kovan TestNet in Feb, have pilot projects underway... However, this is fair as building a platform and protocol is hard. It takes a lot of time. We are a lot more ready than some projects, but less ready than others.

Q. about the mechanism for protecting tokens against devaluation
A. See above. Any project that promises this should be viewed with skepticism.

Q. about the conditions of the token sale
A. Detailed thoroughly on our website and on Telegram. The TGE is being conducted via BitcoinSuisse, who is one of the most respected advisors in this space and have advised on some very significant projects.

Q. about large VC investors in the project
A. While this may or may not have much relevance on the project, we do in fact have a great network of contributors. Read more about a few of our institutional contributors and why they chose to back the project: https://medium.com/rightmesh/supporters-of-the-rightmesh-revolution-7a91df49ec30

Q. about the safety audit of the smart contract
A. Multiple audits were conducted by New Alchemy, CoinFabrik, and an internal audit by FCC (First Coin Capital).  These have been disclosed publicly:
https://medium.com/new-alchemy/right-mesh-smart-contract-audit-55bc7b78c58c
https://blog.coinfabrik.com/rightmesh-token-sale-smart-contract-audit-master/

Please let us know if you have additional questions.

Thank you. We described things the other day as "the world's slowest ICO" as we have deliberately taken time to do things right. We started down this path one year ago, and the hard work and long hours of the team really show. Thanks again for your support!

I hope on the last minute rightmesh will have a bounty program. I reviewed everything from the website and your paper. What can I say is WOW. But the investment minimum for your project is 1k USD to big to participate. Maybe I`ll wait for you guys on the exchanger to buy some. But im still hoping for a bounty campaign cause I believe hunters can help you get more exposures.

On may 30th is the end of the crowdsale right? Hope you minimize your minimum investment requirement. Still want to participate though. Goodluck RightMesh your project is one of my best pick aside from akasha and cypherium.

The project will proceed regardless, so in that sense, this contribution period will be a success as it will allow us to move forward onto the next chapter. Seeing the community's feedback has been great. In a way, it is kind of like an election day: you need to "get out the vote" when it counts the most. So on this end, all that we could do is continue to do the right thing. Everyone here can help by getting word out about the project to their personal networks if you believe in the project.

1. Thanks for your interest. We will not be having a bounty program. We did look hard at this, and wanted to find a way for doing this, but for a variety of regulatory issues, we didn't think we could do this and be proactively compliant with the wide swath of jurisdictions in which we could have participants from. The risk barrier to contributors, to the company, and to the project were just too great.

2. Minimum contribution. Once again, we had brought this as low as possible while working closely with Bitcoin Suisse and doing full KYC/AML checks on every contributor. While you may not be able to contribute at this threshold, we hope that you can still participate in the community and tell your friends.

3. May 30th is the public crowd contribution event. All those who are on the whitelist will be receiving an allocation.

Thanks again!

Recently, the ICO market is not very good. Will RightMesh's encryption currency successfully accomplish its goal?

Hello,

I’ll be happy to see you on Skatt listing platform!
You will be able to register for free and show your project to the world.
Information about our platform on BitcoinTalk.
Also you can follow us in Twitter, Telegram and reddit.

Good luck with your ICO guys!

Hi guys! RightMesh seems interesting and promising!
I saw someone has it done with the SWOT analysis of your project using Digrate.com SWOT instrument.
Can you have a look please. What do you think about the result? Do you find it realistic? Here is RightMesh SWOT results  https://swot.digrate.com/report/56b79eaa-2953-415e-a1cc-44137250143c

Win a Trezor Wallet With Your Best RightMesh Use Case

First of all, from RightMesh, we would like to thank our incredible community for your support and your creativity! On our Telegram Channel, on Twitter, and on other social networks, we receive daily messages with unique ideas of how and where RightMesh can have a positive impact.

Your collective inventiveness and wisdom is worth sharing because it has the power to change the world! So, we’ve decided to open a communication channel just for you, our amazing supporters, to share your clever use case concepts. https://medium.com/rightmesh/win-a-trezor-wallet-with-your-best-use-case-for-the-rightmesh-platform-963ac589e1d8

Our community has been asking and waiting…and now…we are so excited to announce May 30th as the rescheduled date of our Crowd Contribution — the final round of our Token Generating Event.

Read more here: https://medium.com/rightmesh/crowd-contribution-date-announcement-may-30th-34ab74c4b88a

We briefly paused this final round, originally set for March 27th, when we were approached by the British Columbia Securities Commission (BCSC) to clarify some details to ensure we were in compliance with local regulations.

We worked hand-in-hand with the BCSC to achieve legal certainty, and we are so pleased and excited to be ready to proceed.

In the associated press release, John Lyotier, CEO of the RightMesh project, clarifies why RightMesh AG believes this delay was the “right” thing to do:

“The regulatory environment for Token Generating Events is quickly and constantly changing. We never wavered in confidence that we had done things right, but because we are striving to set new standards industry-wide for compliance, it was essential for us to pause, reflect and clarify. The small delay, in the long run, will be the best thing for our community and for the industry as a whole.”
We are anticipating an active and exciting Crowd Contribution phase after our first two successful phases: a private allocation round for accredited investors in early January which reached an $18M cap in less than one week, and a public pre-allocation phase which closed in only 8 hours and 4 seconds.

We want to take this opportunity to thank you — our community — for contributing to the success of those rounds and for your unwavering support during this delay. It has really assured us that we are all in this project for the ‘right’ reasons, which will benefit the long term health of a dense and robust network.

Recently, ICO market is not too big. Is RightMesh good enough to raise large sums of money?

RightMesh Weekly Update: April 6, 2018 https://medium.com/rightmesh/rightmesh-weekly-update-april-6-2018-808067ee49e5

Preparation for up-coming cross-team work was underway this week, as a few of our Maple Ridge team members scoped the objectives of their upcoming trip to work side-by-side for a couple of weeks with their colleagues in Bangladesh. Many team members were travelling, continuing to support the blockchain community, spreading awareness of RightMesh, learning tips and gaining valuable tools to continue improving our communication with our community. Stay tuned for some positive changes!

When does RightMesh open ICO? This is also a bitcoin Swiss station project. But now, the gold content of the project is not high.

Several people have already left comments on your ICO page: https://icoholder.com/en/rightmesh-4093

It would be great if you will follow your page and help your potential investors.

RightMesh Advisors Share Why They Joined The Project

RightMesh Advisors Share Why They Joined The Project
RightMesh has been fortunate to attract those who we consider to be the best in their respective fields to advise us on the many aspects of our project. This team guides us by encouraging us to look at our project from multiple angles, helping us balance short and long term priorities, and posing the tough questions we need to address in order to reach the best solutions. With such a powerful Advisory team, we are well positioned to reach our goal of connecting the next billion sooner rather than later.

Here, in their own words, our Advisors tell of what motivates them to advise on the RightMesh project.

And in the words of the RightMesh team, “thank you”, to these Advisors who provide such valuable guidance and mentorship to propel us in the right direction.
https://medium.com/rightmesh/rightmesh-advisors-share-why-they-joined-the-project-f1d6bc3136fa

TechTuesday: µRaiden Payment Channels Adjusting Live on Devices. In this demo, our Chief Micropayments Scientist, Dr. David Wang, shows the token balances being adjusted live on the devices. As a device purchases data, the channel balance adjusts, and the UI on the RightMesh wallet is updated to correspond to this so that users of RightMesh apps can see in real-time how many tokens they have spent purchasing data.
https://www.youtube.com/watch?time_continue=9&v=7jsuZig0gYw