Topic: What do you guys think about Aleo? (Read 249 times)
Does anyone have any idea what's next (in terms of mining Aleo). Apparently, today's the last day of incentive phase. Does that mean we won't be able to mine from tomorrow?
Not good for long term hold as i can see. So if you really want to invest then invest for short term
That's the whole point of mining it right now. Fill bags with credits, credits converted to coins, sell at a listing gain. Not good for long term hold as i can see. So if you really want to invest then invest for short term
That's the whole point of mining it right now. Fill bags with credits, credits converted to coins, sell at a listing gain.
Not good for long term hold as i can see. So if you really want to invest then invest for short term
Does anyone have any idea about when the mainnet launch of Aleo is?
I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.
Agreed. However, I feel this would be a successful project and would be even more lucrative for miners who are currently mining in testnet3.@OP, as far as I understand, Aleo is still in its testnet phase and is not yet fully launched on the mainnet. Therefore, I am confused about how zionodes are offering mining services for Aleo on the mainnet through their infrastructure. I did a quick check on Aleo's official Twitter account and couldn't find any information about any cooperation between Aleo and zionodes. Have you thoroughly researched and verified if the mining services offered by zionodes for Aleo on the mainnet are legitimate and trustworthy?
Yes, Aleo is still in the testnet phase, and mining it entitles you to 'credits' which are later converted to aleo coins after mainnet launch. Zionodes is definitely trustworthy because they are a listed pool (under proving pools) in Aleo's official discord server as well, and I already have leased out about 50000 c/s with them. Besides, I have been mining Bitcoin with them for over a year and have never encountered with any issues related to pay-offs. 
@OP, as far as I understand, Aleo is still in its testnet phase and is not yet fully launched on the mainnet. Therefore, I am confused about how zionodes are offering mining services for Aleo on the mainnet through their infrastructure. I did a quick check on Aleo's official Twitter account and couldn't find any information about any cooperation between Aleo and zionodes. Have you thoroughly researched and verified if the mining services offered by zionodes for Aleo on the mainnet are legitimate and trustworthy?
They have raised around $290M from investors already.
Red flag for me. Its not 2020 anymore. We are in 600 days long bear market. $10M is a lot. I doubt that they have raised 290M from investors. And its only for selling part of supply, part of supply i still not sold, new coins being minted so we are talking about top 50 CMC just to break even for seed investors? its a lot for platform that does not have userbase and is not listed anywhere. Pancakeswap, the biggest DEX on bsc with millions of users have similar marketcap.
You have really made a valid point, how were they able to raise such huge amount of funds in this bear market. Or perhaps they have some institutions and VC who inject huge amount during the fund raising process, if that is the case, there is most likely going to be a dump. Better for anyone who is interested in investing to go in with small amount. There is something fishy about their supposed raised amount.
I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.
Agreed. However, I feel this would be a successful project and would be even more lucrative for miners who are currently mining in testnet3.I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.
Agreed. However, I feel this would be a successful project and would be even more lucrative for miners who are currently mining in testnet3.I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.
Agreed. However, I feel this would be a successful project and would be even more lucrative for miners who are currently mining in testnet3. 
I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.
They have raised around $290M from investors already.
Red flag for me. Its not 2020 anymore. We are in 600 days long bear market. $10M is a lot. I doubt that they have raised 290M from investors. And its only for selling part of supply, part of supply i still not sold, new coins being minted so we are talking about top 50 CMC just to break even for seed investors? its a lot for platform that does not have userbase and is not listed anywhere. Pancakeswap, the biggest DEX on bsc with millions of users have similar marketcap.
This is what I initially thought, anyhow I'm not familiar with it, but usually the forecast might be balloon as well by the people behind. So it might end up at $4-$6 dollars instead of what they have estimated.
In any case, it seems that the OP has made his mind already, deep already on mining.
It might have raised that huge amount of money, but it might be equal to success as we are very much in the hear of the bear market this 2023, IMHO.
Aleo is a class of mining rigs or cloud mining that can be bought for only 75$ and can be mined for 120$ with a bitcoin profit of 45$.
It doesn't seem bad for cheap mining, it's just that he's a bit attractive to look at and tempting, but if we just do some research, there's a lot more that can be said to be legitimate than this I just think.
It's just like with binance, at least it's okay then this which is also a bit risky, although we can say that its partners are okay if they are also legitimately partnered in business.
It doesn't seem bad for cheap mining, it's just that he's a bit attractive to look at and tempting, but if we just do some research, there's a lot more that can be said to be legitimate than this I just think.
It's just like with binance, at least it's okay then this which is also a bit risky, although we can say that its partners are okay if they are also legitimately partnered in business.
FYI: They have raised around $290M from investors already.
Indeed, on their social media I found information that they raised $ 298 million, but is there any evidence for this? This amount seems completely abstract to me nowadays. The number of followers on socials is rather modest. The project itself does not look like a game changer... I recommend extreme caution.
Since this is the first I've heard of this mining endeavor, I checked their website and found several reputable partners. I asked one of their listed partners, Huobi Chain, to authenticate it, and they said the arrangement was a fraud.
If you look at the tokenomics of Aleo Total Supply 1B.
Aptos Total Supply 1B.
I think Aptos is much more practical than Aleo, mining is the main disadvantage. I think the price is not higher than $5.
Aptos is better given the fact that Aptos is a whole ecosystem that is evolving.
Aptos Total Supply 1B.
I think Aptos is much more practical than Aleo, mining is the main disadvantage. I think the price is not higher than $5.
Aptos is better given the fact that Aptos is a whole ecosystem that is evolving.
They have raised around $290M from investors already.
Red flag for me. Its not 2020 anymore. We are in 600 days long bear market. $10M is a lot. I doubt that they have raised 290M from investors. And its only for selling part of supply, part of supply i still not sold, new coins being minted so we are talking about top 50 CMC just to break even for seed investors? its a lot for platform that does not have userbase and is not listed anywhere. Pancakeswap, the biggest DEX on bsc with millions of users have similar marketcap.
This is what I initially thought, anyhow I'm not familiar with it, but usually the forecast might be balloon as well by the people behind. So it might end up at $4-$6 dollars instead of what they have estimated.
In any case, it seems that the OP has made his mind already, deep already on mining.
It might have raised that huge amount of money, but it might be equal to success as we are very much in the hear of the bear market this 2023, IMHO.
They have raised around $290M from investors already.
Red flag for me. Its not 2020 anymore. We are in 600 days long bear market. $10M is a lot. I doubt that they have raised 290M from investors. And its only for selling part of supply, part of supply i still not sold, new coins being minted so we are talking about top 50 CMC just to break even for seed investors? its a lot for platform that does not have userbase and is not listed anywhere. Pancakeswap, the biggest DEX on bsc with millions of users have similar marketcap.
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