Topic: [ICO][ANN]🌙🌙 🌙 Moonlite - Large scale, green crypto mining ICO 🌙 🌙 🌙 (Read 22846 times)

Just for curiosity, has someone bought MNL and follow their Telegram update channel (https://t.me/mnlupdates)? Even here in the thread nobody says anything, where are the people who invested on MNL?

Good day everybody,

We are super sorry for the ridiculous wait for any replies from us.

Not to be on the hunt for excuses, but there have been many changes in our company, one of which is the people who managed the community during the ICO. Today it is different people, and different responsibilities. This bitcoin talk post kind of washed away throughout all the changes, and it only became apparent recently that there were still comments and questions - we are really sorry for this wait, and for the way this makes us look.

It has been a rather busy year, since we changed the plan a little due to restrictions in locations, newer equipment, BTC prices and more. Here are some key points:

1) Today, we are operational with our first phase of miners having been online since November 2019. We are in progress with the order for the second phase of equipment that will take us up to our 11MW initial target.

2) We are currently updating the web site to include a separate ICO section, that will include a live dashboard, figures, and some other cool items which we are yet to announce.

3) We produced an inaugural report earlier this year, which covers all the important info from the start of our ICO to the date at which the report was published. It can be seen here: https://www.moonlite.io/inaugural-report

4) We have published our first quarter financial/mining results, which can be seen here: https://www.moonlite.io/results-q1-20

5) There have been some changes to the token economy, which are also detailed in the updates section of our site.

6) It is important to note that our original whitepaper and plan is materially unchanged. we are still rolling out in the way in which we planned, be it with some changes to the team and some minor other adjustments.


Now that we are a running business, there are still some issues to deal with. this is our plan:

1) Marketing - we will be working on releasing new marketing (this has started already) and a renewed social media presence - in order to boost interest and traffic

2) We are working with some better exchanges that offers more visibility, presence, and volume. combined with marketing and payouts, we expect to see tokens increasing in price.


The other big issue for us is the bounty and bounter payments :

***BTC payments to signature campaign members were made by Atriz at some time shortly after ICO. this has been confirmed by some members previously***

1) As we elaborated on previously, and in the bounty post, we had some issues with the bounty manager. We used Atriz and he was outsourced - not part of our team, we found him through recommendations on this site

2) Our ICO ended in March/April 2018, and the tokens for the bounters were sent to Atriz (outsourced bounty manager) within approximately 2 weeks of our ICO ending. we shared the link to etherscan, where it can be seen that 1,000,000 MNL were sent to atriz at the requested address (also shared) - from this time, we never saw any action on his part. it seemed that he was taking an awful long time to compile the distribution lists

3) When we checked again, approximately 300,000 tokens were sold on the exchange.

4) after some time and much fighting, atriz returned 700,000 tokens (+-) back to the team.

5) at this point, someone from our team worked with some people from the bounty/sig campaign thread to finish the distribution lists. with their help, our team managed to sort that out.

6) Our team then found what we thought was a reputable engineer to assist us with the token distribution for a second time. Except this time, we insisted that they did the distribution in batches and that we never send them more than 100,000 MNL at one time, in order to minimise losses if something similar happens again.

7) After some time, a distribution took place, and we got feedback that there was some fundamental issue with our smart contract that prevented a token airdrop. the failed transactions produced something like 0.00000000000000009 MNL to be sent to everybody. again, this feedback and the transaction hash (tx) was shared on the bounty thread.

8.) we later found out that this was nonsense, and that the 100,000 - (less some fraction of 1 MNL) were also sold on the exchange and the person deleted their telegram profile.


It can be seen in our inaugural report that we included this issue of bounty payments. we reported the problem ourselves instead of hiding it or trying to ghost everybody. It can also be seen in the report that our team actually contributed the balance of the tokens required to honour payments, and these tokens have been safely stored in a special wallet., from there they can be distributed or where they can earn dividends (eth) which can then be easily distributed.

There are some new services around, that enable web based mass erc-20 token payments. we are exploring these options to allow us to finally distribute these tokens.

Unfortunately, we are in fact sitting with this issue of non-payment for our bounters - THIS WAS NOT INTENDED, AND NOT BY DESIGN - and we are trying our best to find an actionable solution. All the related info has been posted some time ago (when the previous team member was online last) in the bounty thread.


As for our business, we are doing great:

The MoonLite Project has achieved a first quarter Revenue of USD 781,736.01 with EBITDA standing at USD 205,013.53 or 24.88% after mining a total of 93.46 BTC.

The total accumulated Token-Holder Benefit (Dividends) at 31 March 2020 stands at USD 91,705.20 and is reserved for distribution in accordance with our Return on Capital Investment (ROI) Policy.

This amount constitutes around 39,98% of total dividends paid and/or attributable to token holders of tokenised mining companies, Globally, Combined!

Another fun fact, MoonLite has as of end March 2020, generated more than 72% of the global mining revenue from tokenized mining companies, after just 4 months.



We have maintained out TG Channel here: https://t.me/mnlupdates

In this post, we pledge to maintain this thread once again, and we will reply to any constructive questions or info requests timeously (maybe not within 5 mins, but there will be a reply) - We have been FUD attacked throughout mid-2018 to mid-2019 and won't be replying to any sort of FUD or smear campaign messages.


We thank you for your support and hopefully we can renew some interest in our business here. We have made many great moves in our business, and produced a lot of positivity amongst our nearly 1000 token holders. we hope we can generate the same support and interest in here too, although it has been a really long time since replying to posts. We are of course not without our fair amount of skirmishes, failures, and problems, but we are still here and working harder than ever towards success!

We hope to hereby start a new chapter in this thread, where we can engage and create some positivity around our great company. We thank you In advance for your positive comments.

Team

Tried checking in on their telegram channel and it says it's inaccessible. Medium has gone quiet and so have their social media pages. The last post on medium sound optimistic back in November or so, but seems like they've either gone into hibernation ... or worst

They are not providing any update to their supporter or the investors of these project. Don't know why they are not giving any update to their investors or supporters.

whats news?

Have you distributed token for the supporter who worked on signature campaign. I saw many people posted that they have not yet received their reward of signature campaign.

Bounty is going to be paid based on the conversation in the bounty channel here: https://t.me/moonlitebounty/1078

"Hi. Yes, atriz gave us an unfinished list in June. We used the help of some other bounters to complete the list. We are having trouble distributing the tokens because the airdrop keeps failing. We are hoping to have a solution to this soon."

Glad to see hunters would not be left unappreciated

Yeah, it's not a good story that BM was involved in. I don't think it makes sense to ask for a reward, he won't.

I think it ended around March 2018, so around 10 months with no payment.

They are either scammers or incompetent. I don’t know which is worse.

I never received my MoonLite tokens for the signature campaign I participated in.  When they claim that they paid us, they are lying. This project is a complete scam.

No, nothing is paid. I don't think we should pay attention to this topic, these guys don't hear you, they did what they wanted to do. Now this dispute needs to be resolved elsewhere.

Have you received your payment? Or still you are waiting for the payment? Whats about others? You have not received or all of their participant are on same condition?

Moonlite hasn't paid the participants yet? What is going on?
Seeing this is indeed a concern and certainly, the disappointment of the participants was very deep.
Are there good intentions from the Moonlite team?

Stay away my friend. These people have not paid the promised bounty and signature campaign members for months now.

The strange thing is, they are bragging about being "Cash Rich" in their monthly News letter. I quote :

" The recent decline in the cryptocurrency market, with BTC sinking as low as $4 300, has been disappointing for miners and the market at large. However, given the amount of fraud present in the market, 'fly-by-night' businessmen, failed ICO's, and regulatory non-compliance, a correction of this size is sure to wash-out unprofitable businesses and correct market inefficiencies, which is necessary and healthy for the long term functioning of the market. We are also seeing a welcomed decline in BTC difficulty which will likely continue as more miners switch off their machines.

MoonLite being cash-rich, remains well positioned to exploit these conditions...... "

Imagine, they are pointing fingers at other people, but they are just the same.   

I see these guys are taking on new employees in higher management positions but they are not paying out the money that they owe the people on this forum.    One weeks salary of one these people will cover the cost of the payment, but they refuse to pay the people that marketed their ICO.  

What prevents them from paying these people with Bitcoin, if they have difficulty sorting the technicalities   with token pay outs?  This is really a piss poor excuse not to pay people.  

Hey,  I am young member in the forum, so it is my first time to see bounty signature codes. I'll definitely join it!
I'll spend my time to read more about the business later today. Thanks for the ANN

Nice project and I am sure that in the future will be a lot of support for your project. Hopefully the ICO can run according to plan so that the project can be realized.

Moonlite has a solid team and great group of advisors on board. Mining is still one of the most profitable ventures in the cryptocurrency world and the fact that they are merging this with green energy is a very good move. The team has a clearly defined roadmap and it has a significant chance to achieve success. I look forward to seeng where this one goes.

It is impossible to take this long with the sorting out this mess. Any feedback?

Yes if they cannot look after their own project they have no business making criticism's of other projects, especially when the other projects are regularly replying to their investors and also updating. 

Feel sorry for anyone that invested in this mess.