Topic: [OLD] ∈ (thread moved due to troll/spammer) (Read 3082 times)

Locked. Thread moved due to troll/spammer.

New ENJIN COIN thread

We have an amazing team (and advisors) with proven capabilities and experience in software engineering, marketing, blockchain technologies and operations. We have a solid reputation in the industry, and a long work history together.




The Enjin Coin Infographic will be updated shortly with the team.

Let me tell you about the usage of the token into this scam project. Enjin loosed 30% of its customers during the last few months, Enjin is dying, this is why they decided to create a crowdsale to bring more people to the platform and fake their volume. But in reality they will most probably gather funds, hype and then sell the platform, we are in summer, holidays period which is the best one for the gaming platforms as their activity usually climbs higher then usual while they leaked 30% of their volume, which means, they want a fake volume on their platform. By Volume i mean the amount of sessions on the platform which is the amount of unique views (somewhat).




Beware bounty hunters, if you want to safeguard your reputation i advise not to associate with this project.

You can see it here:
https://enjincoin.io/ Click crowdsale detail
Hope it helps
 

Good clear post.

If need Chinese translation, pls PM me.

I do not see your team here, is this project only one person doing? A team is very important, so we can see the background, experience and reputation of your team. And also advisor, I also do not see it. Are you serious about this project? No one will join ico, if you do not have a team.

I do not understand what is the use of the project since we are discussing the same project here?

joining bounty campaign , watching this project 

support,the idea is good, will pay attention to your post and further information.

Looking promising project. Will keep my eyes on this project. Any bounty available for Bitcointalker member ? I would like to join the bounty if available ...

Thanks for the feedback and questions.

Just wanted to expand about the Target Market answer with more details.

The average Enjin user is around 18-24 years old. The demographics are as follows:
Under 18 is ~25% and over 18 is ~75% with the biggest group between 18-24.

Minecraft is a popular game on Enjin but only accounts for ~30% of users / communities. The other 70% of communities / users play and monetize thousands of other games. This is why the demographic is actually inclined more towards over 18.

The Enjin platform and network touches upon almost every online game available, and rest assured Enjin is just the beginning adoption phase of Enjin Coin. Our goal is to quickly expand Enjin Coin to be used by many other games and networks.

We will make cryptocurrency easy to use and fun! Our initial target market is ripe for adoption and our plans are realistic and grounded in how we see Enjin Coin growing towards a bigger share of the gaming industry.

This looks like something the NILIcoin dev would think up, after all they have some pretty outrageous explanations on their take of things.

Oh c'mon, you copied my personality or what ? NVOsaid that it will support MaidSafe, and now you say that you will probably support Raiden. There is only one difference, Dirvine has confirmed that we contacted them and are willing to work together. No Raiden contributor confirmed about what you stated. I told you about Stratis and Blockstream (NVO uses CounterParty) , which is maybe the only interesting point into your reply, for the rest, it is only blabla.

Cryptocurrencies are moving towards decentralization, and you talk about a smart contract (which is decentralized) linked to a centralized authority, that's amazing, why don't you just deal with the FIATS as they are already centralized, why don't you keep them ? Do not be hypocritical. Don't worry Witek, i will teach you a small lesson soon. However, i still believe that enjin is a scam, this is why i tell you to delay it for the next year and think about a really good idea, not something to scam people.


As of the development side, i think that they are already down. However, your feedback about the Ethereum transactions is really interresting, i am really pleased to see real legendaries in bitcointalk, it starts to be rare.
I can't imagine a young user demanding his father for a bittrex account (or poloniex) to buy Ethereum which will have to be withdrawed to another exchange to buy this non-sence coin in order to withdraw it again (while paying fees for each step) to finally send it to the Enjin platform, and loose on fees again. All this process should happen in about 20 minutes minimum which is far enough for his friends to finish a game and leave it before than he is able to arrive.
As they are scaming young people on their platform, they think they can scam people on BTCt too, by the way, they are based in Singapor which is the reason why they don't gime much interest to the legal sides. And i have a hwole discusion about that from skype, they better focus on TOS to protect themselfs instead of the users.
Also, i don't understand why someone making 1Million$/month would run a crowdsale for a token, especially into the same platform, you could have sold shares of the company instead as it would have been a lot more interesting for the investors. Ah ! i forgot that you don't care about the legal sides, you are the kind of letting your investors selling their tokens to young users, really, the project is really nice, rushing the crowdsale to get funds.
I wonder what the volume will be, the best skin is usually sold for 14$, i can't image a whale negociating with a child for 14$. Totally awkwarkd.

conclusion, i imagine the investors :

Thanks for the critical feedback, jeffthebaker. You brought up some good questions. I'll re-post my detailed answer from Reddit:

1. Target market

It's true there are a lot of younger gamers in Minecraft. Servers on Enjin are still processing over a million dollars in digital item/rank/powerup payments monthly, so the digital asset economy in Minecraft is already active and doing well. We've started to see shops appearing for Unturned as well, and there are third party plugins available now that use the Enjin API for in-game purchases.

With the bonus coins we'll be sending to active communities over the next few years, we're planning to create incentives for servers to offer rewards and further spread free coins around their communities. We've also received hundreds of partnership applications as well - we're going to work closely with many communities to help them genuinely reward their players and increase participation in the game and website. This will give players with no other access to funds a way to be rewarded and participate as well. Our goal is to put Enjin Coins and assets into the hands of the widest population of gamers we can.

In future partnerships with game developers, subscriptions to games may include coins. We'll be carefully rationing out the 16% marketing supply for a few years. It's difficult to plan more than a couple of years in, but if our supply is exhausted we may start buying-back coins for further promotion.

The ease-of-use of the Enjin Coin infrastructure is one of the major reasons we're building this. We know we can improve the UX leages over all the wallets available today. I'll write a detailed Medium article describing the planned user experience soon!

The wallet will sync with trusted platforms, so it'll be very intuitive to use. The usability of crypto has not progressed as much as it could have in 8 years, and our team is focusing hard on this low-hanging fruit.

2. Why a new coin?

A big reason for choosing Ethereum is that it has abstracted away all the boilerplate work of managing a full cryptocurrency. It has a world-class developer community, and the more eyeballs and brilliant minds are focusing on a technology, the faster it will advance.

After investigating GameCredits and DigiByte, we gain infinitely more control with smart contracts on Ethereum. Neither of those currencies are compatible with our vision for crypto in gaming.

We also need a larger team, funding and motivation to put significant long-term energy into building quality infrastructure around the coin. This is the most logical way to proceed so that we can innovate.

3. Why Ethereum?

We looked at a few other blockchains, and other projects like Stratis and Counterparty could also work out. But Ethereum is production-ready, we love the development community and progress happening. Everything we want to do can be achieved on Ethereum.

The hacks in the past week were pretty bad - I totally agree, but they were not caused by a flaw in Ethereum itself. They can be attributed to developer error. We're working with some of the best Solidity and security experts in the world to ensure our contracts are rock solid.

4. Transaction Fees

Agreed. The existing transaction fees may be in the tens of cents at this time. I'm keeping a close watch on Raiden Network as its initial versions will facilitate ERC-20 token transactions that cost essentially nothing. By the time we're rolling out our major features and sending coins to thousands of communities I'm hoping Raiden will be close to launch. With enough funding we could even consider putting developers onto this and contributing to development.

5. Crowdsale Rules

I understand your feedback. We've started working with a blockchain consulting firm and may update the whitepaper's crowdsale terms pending their feedback. Our soft-cap is 60k ether and to develop our roadmap properly at speed, we feel this is a reasonable funding amount. We're not talking about a hackney/experiment coin, but a serious long term development, hiring and marketing effort for all technology surrounding Enjin Coin.

I genuinely believe in our core team and the goals of this project. We want to be here in another decade having made a huge impact on crypto and gaming.

6. Minting

Custom coins represent game assets and their value will build on top of their base ENJ value. I will admit to you that the fixed exchange rate presented in the current design is simplistic, and our economics advisors are working on options we could add to impact the way item value affects the entire ENJ economy. I'll be posting some thorough discussions about the economics on Medium in the coming days/weeks! It's a very sexy and exciting topic.

7. Not the first cryptocurrency for gaming

Ok ok, fair enough :-)

Enjin is the first cryptocurrency that I feel offers a usable experience for the gaming community. If you look at some cryptocurrencies currently targeted at gamers (i won't name names) they're essentially a bitcoin clone re-branded to gaming.

But our enthusiasm may have gotten ahead of us. We could re-word that better, thank you for the feedback.

I made a pretty long post on the (not yet active) subreddit, but I'll put down a few of my major concerns here, too: How could you possibly integrate EnjinCoin, a cryptocurrency asset on the Ethereum blockchain, to your community, which are largely children? How will you see adoption when, beyond this, the people investing in this coin are not the same people who will be using it. (Minecraft gamers and crypto investors don't mix much. Look at all the failed Minecraft Crypto servers). Why are you paying the team with 18% (yikes!) of ENJ supply, as well as paying them through ICO sales? Double paying? IF ENJ is widely adopted by your millions of users, who is paying the ETH transaction? Kids would be wanting to send a few dollars back and forth all the time. That doesn't work with current fees.

Most importantly, why make your own currency? Why not partner with GameCredits, who is already seeking to achieve just this?

Thanks for the feedback! Coins will slowly be released to approximately 30,000 verified gaming communities on Enjin. Thousands of communities are already anticipating it and we're receiving many partnership offers. You can view the various communities that will receive Enjin Coins here:

http://www.enjin.com/communities

I love the cartoon characters. It's really cool. I hope this coin works I see you say you will distribute to 30000 different gaming communies ? Which gaming communities ? Can we have an example of some ? I also want to get the wallet it looks very nice.
Attractive and different design.

Little shit, I do not respect you at all, maybe I respect a little witek, but you're just an idiot, never tell me that I troll or spam, you are like a small escort trying to earn money. I do not even consider you a human being, not even a shit that I could shit, I still have a bit of respect for witek, and now you come to troll yourself, I'm talking Developement, and you talk about marketing, stop confirming what I say, you are a CEO, you are not supposed to interfer in this thread. Proof that you're a shit, you do not have any developement answer, instead you talk like an excited pompom girl who own 60k satoshis, I do not want to lower my level at you. One would say that I speak to a newbie who have just landed in the world of Bitcoin, and even such guys, would ask questions about the development of bitcoin and ethereum. Be aware guys, you're both crap, you're trying to pump a thread, and it's shit. Apparently I solved your problem of thread pumping, it is not a problem, the only concern is about people, investors, who will read the posts before putting their money. I think it is you the CEO that is the problem, and you told your team that you were going to have funds from the crowdsale because you put your project in financial difficulty, that you will have funds but in the final You will not have anything, because you take the Bitcoin world for idiots, and that it is easy to do a crowdsale.

Good luck with your scam.

nemgun, you are constantly trolling and spamming this thread. You should focus on your own project. I understand your blind hate towards everything Ethereum, so I'm not surprised by your comments.

The Enjin Coin Whitepaper clearly defines every aspect of this project and why we feel it will be a huge success. It's one of the first Ethereum based tokens that is going live on Enjin for instant utility and adoption across millions of gamers. Our plans are clear in how we expect this coin to be adopted quickly.

Enjin was founded in 2009 and is now the largest gaming community creation platform online:

• 250,000 gaming communities created
• 18 million registered gamers
• 60M global views per month
• Gaming focused Content Management System

Our store system (DonationCraft and Enjin Store) processes millions of USD per month in virtual goods sales. Feel free to view the community list here: https://www.enjin.com/communities (Click the various communities and check out the store systems they have setup)

I urge you to actually read the whitepaper and check out http://www.enjin.com and http://enjincoin.io
Once you take the time to read and understand, you will gain a proper vision of why this coin has the best chance of success in the gaming market.

Once again, iti s not faire to use new accounts to pump the thread, most of the time new accounts are created to ask questions as they need either support or more details about the project. I could go towards a scam accusation and ask about the identity of the newbie account, connected at the same time as you are, complimenting the project. Let me answer in a more direct way because i wasted enough time on this thread, saying that game developers will come to enjin in order to create smarts and interface them with their project is bragging, have a look at waves, even waves team members can't escrow every project built on their project while it is a blockchain who gives the capacity to create tokens. while you give the possibility to create sub-tokens of your token, you are nothing in this industry, how can you say that you will attract these guys while they have better sollutions, even indie games devs will be more interested into tailoring their own sollution without been limited to an ecosystem, 18 millions users isn't a notable amount in the gaming industry, the most interesting would be know how many users are connected simultaneously, maybe 100k, 50k, and how many of them are buyers ? how many are interested to buy skins and contents of games developed by an indie dev, 10, 100 ? What would be such a volume ? 200$ a day ? maybe in a month, you should revise the business model, this is why i asked you to remove the thread because it is ridiculous.
I am telling witek, you are a small player, compared to you i am a god, you are selling air, not even dreams, because a dream have to be developed in order to be realised, but you are selling just air, which is ERC20, you can't change air. Once again i advise you to lock this htread been scam accused. forget about your ego, when you have ego it means that you are intelligent, but here you are playing idiot.

Conclusion
You talk about marketing, hype, a fake development, you just want to spend 50% on the development while it would cost maximum 50k-100k USD to realise it, i am talking about top level devs and very expencive, and you ask about 25 Millions for the development which is a money scam for me.
30% in marketing, about 15 Millions USD, which is absurde, and just about 5% contingency, i know that you are confidente, but in practice you are far from the reality.

Final conclusion
A lot of promises, but poor development, close to the non sence. You was interesting in the beggining, but now i think that it is insulting for me, to talk with a small player like you, you don't have what it takes. Lock the thread before than i post a scam accusation, i have a lot of elements.