One of the major problems of cryptocurrencies is that the current mining system stay in the hands of a few large companies, making the cryptocurrencies world suffer from the big guys. In addition, the consumption of mining electricity caused crypto currenty get criticism from investors and environmental protection organizations. With the desire to solve these issues, Envion has created the technology for the first truly mobile mining unit (MMU) that uses low-priced local energy to mine a broad spectrum of cryptocurrencies. By harvesting locally available clean energy right at the source, Envion can operate at a lower cost than competitors and at the same time reduce the CO2 footprint of the blockchain industry.
1. ICO Info
- Token name: EVN
- Platform: Ethereum
- Type: ERC20
- Time: 15/12/2017 – 14/01/2018
- Token for sale: 124.500.000
- Price in ICO: 1 EVN = 0.7 – 1 USD
- Payment methods: 75% of profits will be emitted, while 25% will be used to reinvest directly in MMUs, in order to guarantee exponentially growing profits to the envion community.
- ROI = 161%/ year
2. Investment info
- Accepting: ETH, BTC, Fiat
- Distributed in ICO: 85%
3. Team Founder
The project was founded and run by a team of at least 14 people, including energy specialists, blockchain specialists, personal fund managers, security, software, industry, community, marketing, technology, finance experts. However, you will see 6 new members just joined the company in the past two months, while the project has since 2015.
- Advisor - Emin Mahrt: C-level IT product and engineering manager; blockchain expert and advisor. CPO and Operations Manager to Æternity Blockchain; deep knowledge in smart contracts; early adopter of blockchain and cryptocurrencies in 2012/13.
- Advisor - Moritz Strube: Blockchain expert, Founder and CTO. Experience with applying Artificial Intelligence and Risk Management in energy markets. Strong Background in Tech, Math and Economics.
Throughout the evaluation process, the team has a number of key members with a lot of experience, but some members are almost inexperienced, only 2 of the 6 main members with experienced programmers, none of them have experience related to mining cryptocurrencies.
4. White paper:
PDF form: https://www.envion.org/en/download/envion_whitepaper.pdf
Normaly white paper, no special information.
5. Project Evaluation - In my opinion:
Strengths of the project:
- The development team is expert in the field of energy and technology.
- The ICO process attracted great attention from the community: with 5,000 followers on twitter, 42,000 followers on Facebook, 13,000 followers on instagram, 13,000 followers on telegrams, so this ICO is a very good investment opportunity.
- The Envion project is a visionary project for the future of digital technology, with the base purpose using clean and cheap energy for sustainable development.
- The project has attracted a capital of over $ 15 million, which proves the great attraction to the community.
Weakness of the project:
- The project team has lacked technology experts and experienced peanuts. However, I hope this issue will be solved after the ICO.
- On the website, the company promised a return of 161% ROI and will be paid in early January. However, the company does not provide details on how to calculate profit, 75% of profit will be paid weekly. And at present, there is only one mines, if profit is not achieved as expected, high possibility a discharge of coin will occur in the first few weeks.
You can search for more information at:
Website: https://www.envion.org/en/
WhitePaper: https://www.envion.org/en/whitepaper/
BitcoinTalk: https://bitcointalk.org/index.php?topic=2348435
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