[ANN][ICO] ⚡ Electroneum ⚡ Token Sale Sept 14th Mobile Mining Crypto Coin - page 218.

BlackWidow

sr. member

Activity: 658

Merit: 250

Quote from: Amalgamus on October 10, 2017, 07:43:08 PM

Quote from: jcarl987 on October 10, 2017, 07:34:57 PM

Quote from: Amalgamus on October 10, 2017, 07:12:21 PM

Quote from: contraband on September 25, 2017, 12:23:14 PM

Quote from: Lucacrebbe on September 25, 2017, 11:16:12 AM

You guys make me laugh.... the supply is too big... where is the revenue of mining a coin that will not skyroket (x10, x 100, x1000)?

My opinion

Only 6 Billion are being sold in the crowdsale. The other 15 Billion will be mined over years. Any unsold coins are going back in to be mined as well.

The amount of coins is large on purpose and the price in the tokensale reflects that, so all the large suppy is doing, is moving the decimal point over two spots, as compared to Bitcoins 21 million. This was done so that ETN has more of a real world feel to it. So a pizza would be 12.99 ETN as opposed to .00332 BTC.

Its just a more human number.

The tokens are are still less than a cent with the 40% bonus, so 140 ETN for $1.

This is a steal when you look at who the dev is, the App already made, "First mover" advantage to successful, safe (for your phone) mining, and the plan they have.

I would read over the Overview Whitepaper or even the Technical Whitepaper if you like, and watch this interview with the dev Richard Ells

https://youtu.be/JZ8UfHG5vVw

So if I understand well, may be less than 2 billion coins will be given to the early investors and you will give some 4 billion more freely to add to the 15 billion that will be dumped on the early investors.
It's not a nice way to reward your only true investors. Best way would have been to share the coins with those early investors or burn them.
2 billion coins will be bought and 19 billion given for free. I would feel cheated if I had invested in this ICO even though the price would go up by 10, because they don't show much respect to the people backing them.

As an early investor, adding to the mining pool would be my preference if we had been given a choice. It's going to take years for them to actually be mined.

Yes, you may be right but they should give some numbers so we could figure out. Also giving all the unsold tokens freely to miners puts more pressure on those who invested into the project. For instance, if 1 billion coins are mined in a year that will be like a very high inflation rate for the first investors.

Than stay out of the ICO, and MORE IMPORTANTLY OUT OF OUR THREAD with your weak ass attempts at FUD.

I would expect higher level deception coming from a Supernet Supporter. Talk about losers. After that, I take it all back. You couldnt see a real project if it hit you in the face

starsoul

newbie

Activity: 32

Merit: 0

Quote from: PitL0rd2002 on October 10, 2017, 06:17:02 PM

ICO finished already or no? They raised funds more than mounth already. When will be exchanges?

Sale still running until 31st October 2017.

Total raised so far:

BTC RAISED 1355.39421189

ETH RAISED 16285.35509006

Amalgamus

full member

Activity: 189

Merit: 100

Quote from: jcarl987 on October 10, 2017, 07:34:57 PM

Quote from: Amalgamus on October 10, 2017, 07:12:21 PM

Quote from: contraband on September 25, 2017, 12:23:14 PM

Quote from: Lucacrebbe on September 25, 2017, 11:16:12 AM

You guys make me laugh.... the supply is too big... where is the revenue of mining a coin that will not skyroket (x10, x 100, x1000)?

My opinion

Only 6 Billion are being sold in the crowdsale. The other 15 Billion will be mined over years. Any unsold coins are going back in to be mined as well.

The amount of coins is large on purpose and the price in the tokensale reflects that, so all the large suppy is doing, is moving the decimal point over two spots, as compared to Bitcoins 21 million. This was done so that ETN has more of a real world feel to it. So a pizza would be 12.99 ETN as opposed to .00332 BTC.

Its just a more human number.

The tokens are are still less than a cent with the 40% bonus, so 140 ETN for $1.

This is a steal when you look at who the dev is, the App already made, "First mover" advantage to successful, safe (for your phone) mining, and the plan they have.

I would read over the Overview Whitepaper or even the Technical Whitepaper if you like, and watch this interview with the dev Richard Ells

https://youtu.be/JZ8UfHG5vVw

So if I understand well, may be less than 2 billion coins will be given to the early investors and you will give some 4 billion more freely to add to the 15 billion that will be dumped on the early investors.
It's not a nice way to reward your only true investors. Best way would have been to share the coins with those early investors or burn them.
2 billion coins will be bought and 19 billion given for free. I would feel cheated if I had invested in this ICO even though the price would go up by 10, because they don't show much respect to the people backing them.

As an early investor, adding to the mining pool would be my preference if we had been given a choice. It's going to take years for them to actually be mined.

Yes, you may be right but they should give some numbers so we could figure out. Also giving all the unsold tokens freely to miners puts more pressure on those who invested into the project. For instance, if 1 billion coins are mined in a year that will be like a very high inflation rate for the first investors.

jcarl987

sr. member

Activity: 392

Merit: 250

Quote from: Amalgamus on October 10, 2017, 07:12:21 PM

Quote from: contraband on September 25, 2017, 12:23:14 PM

Quote from: Lucacrebbe on September 25, 2017, 11:16:12 AM

You guys make me laugh.... the supply is too big... where is the revenue of mining a coin that will not skyroket (x10, x 100, x1000)?

My opinion

Only 6 Billion are being sold in the crowdsale. The other 15 Billion will be mined over years. Any unsold coins are going back in to be mined as well.

The amount of coins is large on purpose and the price in the tokensale reflects that, so all the large suppy is doing, is moving the decimal point over two spots, as compared to Bitcoins 21 million. This was done so that ETN has more of a real world feel to it. So a pizza would be 12.99 ETN as opposed to .00332 BTC.

Its just a more human number.

The tokens are are still less than a cent with the 40% bonus, so 140 ETN for $1.

This is a steal when you look at who the dev is, the App already made, "First mover" advantage to successful, safe (for your phone) mining, and the plan they have.

I would read over the Overview Whitepaper or even the Technical Whitepaper if you like, and watch this interview with the dev Richard Ells

https://youtu.be/JZ8UfHG5vVw

So if I understand well, may be less than 2 billion coins will be given to the early investors and you will give some 4 billion more freely to add to the 15 billion that will be dumped on the early investors.
It's not a nice way to reward your only true investors. Best way would have been to share the coins with those early investors or burn them.
2 billion coins will be bought and 19 billion given for free. I would feel cheated if I had invested in this ICO even though the price would go up by 10, because they don't show much respect to the people backing them.

As an early investor, adding to the mining pool would be my preference if we had been given a choice. It's going to take years for them to actually be mined.

Amalgamus

full member

Activity: 189

Merit: 100

Quote from: contraband on September 25, 2017, 12:23:14 PM

Quote from: Lucacrebbe on September 25, 2017, 11:16:12 AM

You guys make me laugh.... the supply is too big... where is the revenue of mining a coin that will not skyroket (x10, x 100, x1000)?

My opinion

Only 6 Billion are being sold in the crowdsale. The other 15 Billion will be mined over years. Any unsold coins are going back in to be mined as well.

The amount of coins is large on purpose and the price in the tokensale reflects that, so all the large suppy is doing, is moving the decimal point over two spots, as compared to Bitcoins 21 million. This was done so that ETN has more of a real world feel to it. So a pizza would be 12.99 ETN as opposed to .00332 BTC.

Its just a more human number.

The tokens are are still less than a cent with the 40% bonus, so 140 ETN for $1.

This is a steal when you look at who the dev is, the App already made, "First mover" advantage to successful, safe (for your phone) mining, and the plan they have.

I would read over the Overview Whitepaper or even the Technical Whitepaper if you like, and watch this interview with the dev Richard Ells

https://youtu.be/JZ8UfHG5vVw

So if I understand well, may be less than 2 billion coins will be given to the early investors and you will give some 4 billion more freely to add to the 15 billion that will be dumped on the early investors.
It's not a nice way to reward your only true investors. Best way would have been to share the coins with those early investors or burn them.
2 billion coins will be bought and 19 billion given for free. I would feel cheated if I had invested in this ICO even though the price would go up by 10, because they don't show much respect to the people backing them.

starsoul

newbie

Activity: 32

Merit: 0

Quote from: Amalgamus on October 10, 2017, 06:51:31 PM

I am wondering whether it's worth investing in the ICO when the distribution will be small compared to the total amount of coins that will be distributed freely on mobile apps afterward.
21 billion in all and how many given to those who have invested 11 millions $ in the ICO?
All the people who will get their coins for free will dump them on those who spent their money in the ICO.
I really believe they are not really generous with the people who invest into their business.

for me personally this is a long term hold, i could not really care less as to what happens regarding any dumps and when it is first listed on any exchanges. i invested in the 'bigger picture', the potential of this extremely exciting venture and original project that holds great promise in the months and years to come.

Amalgamus

full member

Activity: 189

Merit: 100

I am wondering whether it's worth investing in the ICO when the distribution will be small compared to the total amount of coins that will be distributed freely on mobile apps afterward.
21 billion in all and how many given to those who have invested 11 millions $ in the ICO?
All the people who will get their coins for free will dump them on those who spent their money in the ICO.
I really believe they are not really generous with the people who invest into their business.

PitL0rd2002

full member

Activity: 168

Merit: 100

ICO finished already or no? They raised funds more than mounth already. When will be exchanges?

starsoul

newbie

Activity: 32

Merit: 0

Quote from: fengzhiyan on September 28, 2017, 10:41:46 AM

Quote from: contraband on September 28, 2017, 07:26:48 AM

Quote from: pedjo99 on September 28, 2017, 04:21:45 AM

Lets say that average new smartphone has around 3000mAh battery. Have they allready tested battery consumption for lets say 10 hours of mining? Also, there will be a problem when you are connected to wifi and you power charger, there might be some overheating of your device.

The mobile mining checks your phone and sees how much processing power you would have if your phone were to try and actually mine the blocks at that time.

The amount of stress put on your phone is similar to that on your phone loading a wikipedia page.

It doesnt run out the battery or "make your phone hot"

i don't this project will work ..

Thank you for your profoundly wise, detailed, informative, groundbreaking, stunning, in depth, sublime, insightful, trailblazing opinion.

contraband

hero member

Activity: 1232

Merit: 528

Community Manager: ETN

Quote from: Lucas Johannesburg on October 10, 2017, 02:59:40 PM

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We just need to tread lightly on the very Enthusiastic Confidence that we see for projects like this.
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We always say due diligence this due diligence that, but that is just a useless cliche now.

I agree that people need to only invest what they can afford to lose, and do extensive research before investing into any coin, including Electroneum.

IMO "very Enthusiastic Confidence" would be a mistake, as it can set an unreasonable expectation.

ETN being alittle over 1 cent, or at 1 cent, at lauch and after the lauch, is not unreasonable.

The large majority of projects that are funded by ICOs fail. Most new coins fail, so sure most do go down when they hit an exchange.

The opposite is also important to remember:

$200 gets you 20,000 ETN coins on the last day of the Electroneum crowdsale.

If if hits an exchange and does well and lets say hit 7 cents in a month or so, then $200 would only buy you a little over 3000 ETN coins.

Nobody knows for sure what will happen, because no one can see the future. So, its up to each potential investor to research and choose for themselves, what outcome will be mosy likely.

contraband

hero member

Activity: 1232

Merit: 528

Community Manager: ETN

Quote from: luvbeening on October 10, 2017, 12:33:20 PM

Quote from: jcarl987 on October 10, 2017, 12:25:47 PM

Quote from: luvbeening on October 10, 2017, 12:21:37 PM

if the first exchange that listed electroneum is yobit then you all that investing will be screwed

on the contra,if the first exchange that listed electroneum is Bittrex then that is totally a different story,just saying

I don't think there is much chance of going directly onto Bittrex out of the gates. There is also a good chance that the price will dip at the start, it usually does with ICOs. I dont think that equates to being screwed but I guess it depends on what people are expecting from this. I've invested quite a lot in the ICO and I'll be ready to buy some more if it does go down.

if an ICO project that could reach more than $10 million couldn't doing directly onto Bittrex then it should deserve a very big red-flag from crypto community.

Bittrex in November

Not right out of the gate.

We already have 57,000+ backers/investors. Thats a ton of people. Bittrex is going to happen, fast.

It just wont be Day 1. There is nothing alarming about that. The minute Bittrex sees all the volume we have at other exchanges, they will want a piece of the action. The only way to guarantee Bittrex is pay them off, which could easily be done, with 10 million+ raised.

We already so big they will list us for free.

Its important to remember that for many coins, getting listed on Bittrex is a big goal for them. ETN is already way past that level.

To keep this in the right prospective, some smaller exchanges have votes where 200-300 votes can get a coin listed. We have 3,500+ active members in the Electroneum Telegram group.

Like I said, there are a lot of important things to worry about, getting listed on exchanges isnt one of them for Electroneum.

Lucas Johannesburg

full member

Activity: 128

Merit: 100

.
..

We just need to tread lightly on the very Enthusiastic Confidence that we see for projects like this.
.
.
.
We always say due diligence this due diligence that, but that is just a useless cliche now.

AFethi

newbie

Activity: 32

Merit: 0

Quote from: Lucas Johannesburg on October 10, 2017, 02:48:37 PM

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It is EXTREMELY plausible that Electroneum will absolutely crash to the floor as soon as it hits exchanges. Especially if it hits an awful exchange like yobit or etherdelta. Kin crashed as soon as it went onto etherdelta. Kin raised $98 Million, and so far it has been an absolute joke.
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That is why people wait till after it hits exchanges to buy at a large discount. Even at a price that is lower then what you would of got it for if you bought at the %50 bonus.

maybe, but also it can be juste somthing big, we will see ^_^

Lucas Johannesburg

full member

Activity: 128

Merit: 100

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It is EXTREMELY plausible that Electroneum will absolutely crash to the floor as soon as it hits exchanges. Especially if it hits an awful exchange like yobit or etherdelta. Kin crashed as soon as it went onto etherdelta. Kin raised $98 Million, and so far it has been an absolute joke.
.
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That is why people wait till after it hits exchanges to buy at a large discount. Even at a price that is lower then what you would of got it for if you bought at the %50 bonus.

clixcoin

legendary

Activity: 1750

Merit: 1004

Now it's pretty easy to predict about the future of this project signs are showing a moon in the way of this journey. People still can make secure their spot into this project because the team is working so hard to make it valuable and I also think this ICO will be wonderful in the end.

jcarl987

sr. member

Activity: 392

Merit: 250

Yeah right, $10 million isn't even that much compared to others this year!

khufuking

sr. member

Activity: 840

Merit: 266

Quote from: luvbeening on October 10, 2017, 12:33:20 PM

Quote from: jcarl987 on October 10, 2017, 12:25:47 PM

Quote from: luvbeening on October 10, 2017, 12:21:37 PM

if the first exchange that listed electroneum is yobit then you all that investing will be screwed

on the contra,if the first exchange that listed electroneum is Bittrex then that is totally a different story,just saying

I don't think there is much chance of going directly onto Bittrex out of the gates. There is also a good chance that the price will dip at the start, it usually does with ICOs. I dont think that equates to being screwed but I guess it depends on what people are expecting from this. I've invested quite a lot in the ICO and I'll be ready to buy some more if it does go down.

if an ICO project that could reach more than $10 million couldn't doing directly onto Bittrex then it should deserve a very big red-flag from crypto community.

Man you are probably not following , I have been in ICOs that collected way more than $10 million , $18 million + and more and until this moment they are not on Bittrex . So ya it is not about how much you collect . They are clearly have there own policy and no one knows but them .

jcarl987

sr. member

Activity: 392

Merit: 250

Quote from: luvbeening on October 10, 2017, 12:33:20 PM

Quote from: jcarl987 on October 10, 2017, 12:25:47 PM

Quote from: luvbeening on October 10, 2017, 12:21:37 PM

if the first exchange that listed electroneum is yobit then you all that investing will be screwed

on the contra,if the first exchange that listed electroneum is Bittrex then that is totally a different story,just saying

I don't think there is much chance of going directly onto Bittrex out of the gates. There is also a good chance that the price will dip at the start, it usually does with ICOs. I dont think that equates to being screwed but I guess it depends on what people are expecting from this. I've invested quite a lot in the ICO and I'll be ready to buy some more if it does go down.

if an ICO project that could reach more than $10 million couldn't doing directly onto Bittrex then it should deserve a very big red-flag from crypto community.

Can you name any other recent ~$10million ICOs that have gone direct to Bittrex? The ones I have watched have always taken weeks++ to get there, but maybe I missed some. Hard to follow everything these days.

luvbeening

full member

Activity: 226

Merit: 100

Quote from: jcarl987 on October 10, 2017, 12:25:47 PM

Quote from: luvbeening on October 10, 2017, 12:21:37 PM

if the first exchange that listed electroneum is yobit then you all that investing will be screwed

on the contra,if the first exchange that listed electroneum is Bittrex then that is totally a different story,just saying

I don't think there is much chance of going directly onto Bittrex out of the gates. There is also a good chance that the price will dip at the start, it usually does with ICOs. I dont think that equates to being screwed but I guess it depends on what people are expecting from this. I've invested quite a lot in the ICO and I'll be ready to buy some more if it does go down.

if an ICO project that could reach more than $10 million couldn't doing directly onto Bittrex then it should deserve a very big red-flag from crypto community.

Alt.Estate

member

Activity: 201

Merit: 10

Wow. You guys have an impressive advisory board.
Could you please share how much time and effort did it take to get them onboard?

Topic: [ANN][ICO] ⚡ Electroneum ⚡ Token Sale Sept 14th Mobile Mining Crypto Coin - page 218. (Read 315206 times)