Topic: [ICO][ANN]🌙🌙 🌙 Moonlite - Large scale, green crypto mining ICO 🌙 🌙 🌙 - page 7. (Read 22837 times)

Hey everybody, thanks for your well-wishes and messages of support....

im very excited about this monero project and i have joined , looking forward to this project evolve and much more improve and im wishing it a big success in the near future. goodluck dev/team and merry christmas.

Here in Moonlite project I see a good opportunity for ICO investors to buy at big discount price. I want to support this project investing but firstly need to analyze in details the whitepaper. The project have very good idea. It is little similar with Envion project that was very successful ICO, recently they raised more than 100 millions dollars.

Thanks for the kind words.

After reading a profile of this project I have seen have great future prospects. Thus I also hope this project goes smoothly until the ICO is completed.

Hi again everybody, thanks for the great support. it is truly humbling to see how well the project is being received by the global community, and to see that our intentions are being received as intended.

This has caused sales to soar! we had 17,000,000 tokens allocated for presale, which were supposed to last about 8 weeks. these have been snapped up, and don't look as if they will last another 2 weeks. this is truly an honor! so thanks to everybody for that.





To address the so-called "points" as raised by @OGNasty:

I really do not know how you could draw these conclusions? there is nothing in the numbers, or white paper, or web site, or reality, from where you could possibly deduce this info? I can only imagine that these numbers were thumb-sucked to de-cred our project.

- the total team tokens are 5% of the total supply, locked up for 180 days. this is clear in the white paper, web site, graphs, token swap summary, everywhere? I am not sure where you see that the team has "allocated 83% of tokens to itself" ; nor are we "paying ourselves USD300,000" at any given point. the profit distribution allows for a small team bonus on an annualized, performance based bonus. THE INFO YOU HAVE PUT IN YOUR POST IS SIMPLY INCORRECT AND MISLEADING

- regarding "only 28% of funds go to equipment" - this is also incorrect. we are building our first data centre in 3 phases, just to be frugal. 100% of capital allocated to phase 1, 2, and 3 is used for equipment, construction and setup & retained cash. not $1 is spent on anything else. this is clear in our financial forecasts and Capex budgets on the investor section of our web site. to take this further, we are aiming for $30m-35m on for our ICO. only $12m is allocated for the first data centre. this is again, just for redundancy and to be safe with investor funds. this additional capital (USD28M+) is kept in cold storage until used for expansion. once our first DC is live, we are then in a position to expand with the capital we have raised and stored, instead of waiting for operational profits like pretty much any other mining operation (all expansion decisions and source of capital to be used are vote upon by all token holders) // by managing the cash reserves and deploying operations in a slow and controlled manner, we are preserving capital security, and not wasting public funds on "school fees" -- everything we do is audited and publicly reported on, and voted on where needed --

- setup costs are absolutely minimal, around 10% of capital spend during construction, not 45% - this is made up of construction costs and other costs directly related to equipment housing and installation.

- to correct you on your assumption on what we "expect" of our token holders. we expect nothing from anybody. investing in this ICO is totally voluntary. we use 100% of invested funds on equipment, setup, and the balance stays in cash/currency, and provide audits on every single step. we keep the business almost 100% liquid, and after month 2, 100% liquid (cash and unencumbered assets)  ; plus we mitigate risk on every possible level, from currency depreciation, energy, equipment, team, weather and more.. we promise security and transparency to everybody. 

- Lastly, you mentioned that "by some miracle, we raise $2,55m" - well that was less than the first week's token sales. we will be sold out of presale tokens in the next 2 weeks or so at current rates - around 55% of the way through our presale phase. our seed round was oversubscribed by over 200% in the first week. we expect a full sellout of MNL tokens during our ICO, which may raise around $80m-100M (depending on bonuses paid) if we succeed.

- the maths that you have used to attack our project is fictitious, and frankly laughable. I could not even use those numbers as a means to comment, as they are so wayward, and 100% made up.

I feel that this thread is heading in the wrong direction, and although I invite qualified questions, to which will be answered as best we can, I ask you to please cease this fruitless line of trying to shoot imaginary holes in our project. we have done everything in the spirit of transparency and blockchain. it is actually disappointing to be reading your write ups.

**** AT THIS POINT THE MNL TEAM, MOONLITE PROJECT, AND ALL ASSOCIATES, EMPLOYEES, ADVISORS AND AGENTS HERBEY RECUSE OURSELVES FROM THIS LINE OF COMMENTING - ANY FURTHER COMMENTS, FICTITIOUS NUMBERS, ANGLES OF ATTACK AND ANYTHING TO DO WITH @OGNASTY WILL BE IGNORED. WE WILL NO LONGER BE RESPONDING TO COMMENTS IN THIS SUBJECT/LINE****

It's great that you are really allowing investors to be a part of this journey with you, it's nice that token holders have the advantage of participating in the decision making and in the process of moving this project foward. I think this feature is really beneficial to token holders and to everyone who is a part of this community. It's a huge plus that you're offering a feature like this, I'm sure everyone who's putting their money on a project that they like really wants to be part of the team and to take part in every endeavor that the project will encounter. I'm sure with this feature, there will be nothing that will hold back and keep this project from reaching the success that it deserves. I really applaud the devs for their transparency, it's rare to find a project that will let you be a part of the team, it's really amazing that you're giving the token holder the chance to be involve and part take in every decision making process behind the scenes. The way you answer the questions that were being addressed on here just shows how transparent you are and how reliable the roadmap is, I'm really glad that you mentioned that there will be an independent external auditor that's responsible to provide the auditing, that will really help maintain the transparency and avoid the team from being biased when it comes to reporting to the public. Thank you so much for being on here and we really have nothing to worry here because it seems like the team is really equipped to achieve the tight schedule that's being presented in the roadmap.

I saw the project moonlite this is a project that good, with the concept of a clear and the strong I’m pretty sure if this project will be successful get investors, the idea of the idea of the project is really nice and the team of this project me a pretty professionals, I was excited to follow the development of the project and I hope this project will be successful

No worries.  You're planning to pay yourself $300,000.00 out of the raised funds here and issuing 83% of the tokens to yourself and team, so it's reasonable this wouldn't have your full attention.  Any response as to why you're paying users to advertise who bash other community mining projects?  

Let us have some fun and do the math.  You plan to raise, what?  Let us say by some miracle you sell out the presale and raise the $2,550,000 needed for your numbers to be accurate.  $300,000 of that money goes in the advisor's pocket immediately.  That means each person's invested $1 is now worth $0.88.  Even worse, they'll only get 17% of the produced tokens, making their $1 investment in "Moonlite" now worth <15% of the funds they put in!  

It actually gets even worse though as only 28% of funds are marked for actual hardware.  That means a $1 presale investment gets turned into only $0.04 worth of mining equipment!  Don't forget that you got a 300% bonus, so it's expected that future token buyers will pay $0.34 for that ~$0.01 in mining equipment for the presale token holders to break even.

I didn't even add in the 45% "Setup Expenses" or the 3% Capital Distribution to the "Advisory Team" or the 23% Profit Distribution for "Provisions" which I don't know what that is.

Looks to me like you want investors to buy you equipment, pay you to setup a mining facility, pay all your costs, give your team 83% of the mining operation for free, and pay you $300,000 for this privilege?

Please explain to me what I'm not seeing.  Please use real numbers and show what a $1 investment in the token presale will turn into as far as mining equipment, and what % of that mining equipment will generate profits for the token holders.

TL;DR

Turn your $1 into $0.04 worth of mining equipment in the form of 3 tokens that you get to pay someone to setup and manage for you, then try to sell each token now backed by ~$0.01 of hardware for $0.34 so you can break even!

Mining crypto currencies will be made easier than before because of MoonLite Project. This project aims at providing industrial scale data centres in the crypto mining industry. And hence it will be a breakthrough in the future of cryptocurrency mining.

In order to maintain this project, a team of experts have come together to look after the working system. On the other hand, with MoonLite project by your side, you can see that there is mining of some of the popular crypto currencies in the market such as Bitcoin, Ethereum, DASH and Litcoin; while green energy puts itself in to use to mint them. As a result of which you become part of a smart project that leads you to some of the unique things.

Hello! I am editor from icoholder.com. Your IСO was added to our listing and now is available to investors: https://icoholder.com/en/ico/moonlite-preico-17408 You can edit your Page  by adding more information about your ICO after verification and also verify team members to improve ranking.

Hey everybody,

Apologies for such a late reply... I will reply to all comments over the last few days in this post:

@dakszmey ~ definitely, the ratios by which the mined currency will be split according to the outcome of a vote that will be held 4 times a year. we actually let token holders vote on every single corporate action such as: split ratios, new execs, new directors, investments, expansion and expansion levels, all the way to "if we wish to change our corporate colors from blue to red" ~ one of the pillars that our company is built on is transparency & token holder involvement, so you are def part of the project!

@dorismak - we have a  power supply agreement with the producer. we have 100% energy supply (0% downtime) guarantee, and a multi year fixed base price agreement to ensure costs remain the same + CPI. these 2 basically contractually guarantee supply and price. Iceland make a significant portion of their energy from geo-thermal installations, and this is not weather dependent.

I have seen some comments which question or even try to degrade the sincerity of the project and its rollout. to explain this, we appointed an independent external auditor who will provide the following: audit of power supply, power price agreements ; audit of premises and associated agreements ; audit of the milestones and timing ~~ literally every single thing we have written into our timeline and white paper is audited and publicly reported on. if we miss 1 goal, it will be public knowledge.

we have developed a tight rollout schedule, but it is achievable. just watch this space. pre-sale tokens are nearly sold out, so be there or be square

as you can see OG and I do not get along, I do not agree with his closed door trading, the fact he doesn't honor his debts or the fact that he is an arrogant self centered fool...

now the fact I am promoting a well planned operation that is in no way competition to his "Fanclub, that is more like a charity than a business" seems to of annoyed him.. so win win!

OG- please go back to your "charity" work and leave business people alone..

thanks 

I alerted the ICO account that they're paying a user who is bashing other community mining projects, thus alienating the very market they're trying to reach.  Considering they're planning on paying their advisory team $300,000 (out of the raised funds from users of course), you'd think you could get a response. 

I do understand your frustrations regarding TMAN's reply but I think it's wrong to generalize, not all people who are a part of this team's signature campaign are attacking other community mining projects, if you've check the post history of all members who are a part of this team's signature campaign then you realize that majority are not attacking other community mining projects, most of us don't even reply negatively on threads regarding community mining projects. Don't get me wrong here I'm not attacking you, I'm just stating facts, in all honesty I do appreciate your post, I don't see anything bad in what you've posted and it's quite nice that you're trying to inform the public regarding past mining projects that end up unsuccessful, but as you've notice that thread was created years ago and a lot of technological innovations regarding mining have been created since then, this project has a really solid team and it's quite obvious in the whitepaper that they have the resources to revolutionize and make mining so much better and so much efficient to a lot of users. This project has a remarkable vision and it can really benefit a lot of miners like yourself so I don't think the red flag comment is necessary, this is a thread so people having different thoughts and point of views on things are very common but I don't think that could be a red flag or a proof that a project is not legit.

Hi,

Currently, The team not yet or can't released it to the public. Which reason The smart-contract's being audited, and will be released to public when it is complete. That's will be closer believe me. As you know when you checking an information for smart-contract in website. The Smart-contract will be produced by The ICO Rocket (theicorocket.com), Then the ICO underwriter and being audited by Smart Dec (smartcontracts.smartdec.net).

People should be aware that this ICO is paying users to advertise who attack other community mining projects. That’s obviously not the kind of behavior any sort of honest issuer would engage in. It’s actually a massive red flag.

Yes that is correct.

The ratio will be placed to a vote by token holders on a quarterly basis sounds interesting, like we will be part of your project?

Please take your drama elsewhere instead of trying to damage a good project.