Topic: Details about upcoming Everex ICO 24th July - page 2. (Read 3330 times)

The price does matter, for example some ICOs have really high market caps or even uncapped like EOS. That means you can stand to lose a lot of money when it hits exchanges. Its always a good idea to take market cap into account when investing.

Well, the one thing I certainly know is that Everex is gonna make a different ICO then the previous ones... Certainly more interesting than its previous succesors.
The price? Expensive? And does it actually matter? It's still divisible nevertheless.

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Interesting article about Everex.
https://hacked.com/ico-review-everex-capital-transfer-system/

Everex's goal seems to be similar to some projects, however how they plan to get there seems different such as using fiat-backed crypto-cash. Maybe I should of added your point in the risks.

The value of a single coin is relative. When buying you should take into account what the total market-cap is and the price of your coin compared to that. For example your coin could be 0.001 price and also be way overvalued as they could of created billions.

In the case of this coin they have a total market cap of 25m coins, and will sell about 16-17m which I don't think is expensive for a project like this. All icos are risky, thats why there can be such high reward, if uncertain its best to stay away.

Seems very similar to a lot of existing projects

This is not my project however I plan to invest. The probability of success is greatly influenced  by the team and leadership. That's why in "Reasons to Invest" I have added that they have good communication and also a good bit of prior tech. This post was aimed to let people know the project exists but I would advise anyone planning to invest to review their white paper and join their chat-group.

Damn how right you are!

10 ETH = 2500 EVX,1 BTC = 2925.5 EVX ?The price is too expensive, now break coins so much, the market uncertainty, investment will hesitate

every single new coin launched has basically the same probability of success as this or any other crypto. you need to make a difference and a lot of very hard work goes into a successful project not a bunch of numbers and written hopes posted on a forum

Details
ICO token sale starts: 24 July 10:00 am
ICO website: https://www.everex.io/
Official ICO chat group: https://t.me/everexio

Reasons to Invest
Relatively low market cap 70,000 ETH = about 16m currently.
Huge potential of growth ( 50m market = 3x )
Projects like this are the next step forward for block-chain technology
Everex has developed technology such as https://ethplorer.io/ , Chainy and Everex Wallet
Good communication from project team
Currently a lack of whales spotted

Risk Involved
This is a new project and a lot of innovation is required
Regulatory uncertainty
Current crypto-market volatility

Token Terms and Calculations
25,000,000 total tokens.
17,500,000 sold for 70,000 ETH

If ETH is $250 on ico start date =>
70,000*250 = $17,500,000 raised
17,500,000 * 0.7 = $25,000,000 total market cap

Full token sale terms: https://drive.google.com/file/d/0B9F9xvW65bb0bEVGazJWdXZfYkk/view

Note:
In the terms it states that if the price of ETH is under $250 on the July 24th, 250 EVX will be given for 1 ETH.

Example:
ETH Price = $235
BTC Price = $2750
Ratio = 2750/235 = 1 (BTC): 11.702 (ETH)

An investor who puts in 10 ETH will receive 10*250 = 2500 EVX
If 1 BTC they receive. 11.702 * 250 = 2925.5 EVX

Important:
No wallet link is used for this ICO. You must sign up on the official Everex website and deposit into the wallet you set up. If you see any postings of addresses it will be a scam.

They also have a referral program that gives 5% cash-back on each investment done using the link.
The link can be used to set up the official Everex wallet, such as this: https://t.everex.io/t/FnpzduK
More about this can be found on the Everex website and blog.

If you have any questions please join the Everex group chat.

Conclusion
High chance of short term return. If project is successful possibilities for huge return.
ICO rating 78/100. (Great Buy)

Everex aims to enable the transfer of funds between two individuals using crypto-cash. Crypto-cash will use the Ethereum network and always be pegged 1:1 with a fiat currency. It will be much faster to transfer crypto-cash across borders than current fiat methods. Possibly from days/weeks to seconds/minutes. Everex also aims to get involved with microloans using Crypto cash.

For more information, I have created a blog post with an overview of the project.
https://steemit.com/bitcoin/@o-0/what-you-need-to-know-about-the-everex-ico