Shared From My Personal Conversation With James Drake of Embermine via Telegram
Only thing we have currently are the verbal commitments to staying in. We are launching the token buy-in tonight at Midnight CST, and it will run for 36 hours, ending at Noon CST. At that time we will accept no more orders, begin the process the release of the tokens, and provide everyone for the redemption process of receiving their tokens. We will also be processing all marketing bounties and distributing those tokens as well.
Also, we announced that we are intending to release our testnet in conjunction with EOS' release this summer. And we are launching our first Embermine project on June 15th as well, which is going to be a source of our funding and help give us a project to use for live test data for our development of the full Embermine' platform
So we are offering a rebuy into our Ember launch. We are launching 50,000,000 tokens minimum, that are offered only to all of the original purchasers at .0000004 BTC each first come, first served so original buyers are guaranteed to get up to their original purchase price. They can also buy more at that level until the 50 million, less the guarantees, are all sold.
We are also offering up to 50 million more Embers at the original price for anyone who just wants more and the original 50 million are all bought up, or they missed the first sale and want to get in now.
We really do not care if we sell any of the second 50 million. We just want to make sure everyone gets a chance to get in before we launch the token on June 15th
We are self funding the rest of the project ourselves through loans, revenue projects like the one we are announcing this weekend that is officially revealed June 15th, and several grants that provide matching funds to tech projects in Nebraska.
Our main purpose with the token sale is to spread the tokens around and to begin the marketing effort and develop name recognition. Funding from a full sale would have been a nice result, but knowing that we are outsiders with few built-in friends in the industry, we knew it would be difficult to generate enough professional collateral to guarantee a huge sale like the others. So we have always presumed that even if we hit our minimum, the project would require many steps or stages to develop properly, requiring a steady business plan and development trajectory to ensure long term viability.
Also, with EOS developing in parallel to Embermine, we are certainly going to also be involved in that development as well, increasing our need for multiple backup plans and a nimble mindset.
The minimum that we are going to collect is 20 BTC for the first 50 million total. Yes, get in the Marketing Bounty. Even stuff you already did during the bounty timeframe (likes, retweets, etc) will still count toward your points. And everyone who participates will get at least some tokens!
Also, on the "additional" 50 million tokens, we are accepting other forms of payment: BTC, ETH, ETC, BTS, XRP, SC, NXT, SNGLS, ANT, GNO, GNT, and REP
CUSTOM POST IS BIG POINTS</4>
Their Relationship With EOS
James Drake of Embermine
Our relationship with EOS is bigger than most people realize.
EOS vs Monax/BitShares/Graphene. not only is EOS OpenSource, but they are VERY excited for our project because we are going to be developing in conjunction with them, allowing us to share tech and development focus when needed. Additionally we provide a very compelling Use Case for the EOS platform because we truly show off all of the true depth of power that EOS has over most of its possible competitors, existing or in development
But that one change alone will save use over 235k in development cost getting to MVP alone.
And we get a BETTER more streamlined product right out of the gate. Meaning a more stable, dependable and predictable system for us to use as our foundation rather than using a "Frankenstein" approach, making Embermine's job of developing the application layer on top of all this new technology much much easier and since we will be involved in the development process, we will also have the ability to provide insight and feedback reagrding EOS' data and transactional capabilities, ensuring we know EXACTLY what our abilities and limits are with the technology, something we could not get in any other way, not at this stage any way.
And for a project that is determined to be the general public's first real taste AND test of the blockchain/smart contract/cryptocurrency making a good impression and "hiding the seams" will help make these newcomers feel more secure and less anxious about the "new technology", when the truth is, they knew nothing about the existing technology and how it worked either. It needs to be invisible. That is why the people to usher this new tech to the REAL WORLD masses is going to come from some one from the "old web" days.
Because that person understands how to bring something that is almost impossible for most people to grasp in a simple elevator pitch because the true prospects are so groundbreaking it will change the very fabric around society. It was not the web geniuses and scientists first using the Internet that brought it and it's exponential power to the masses. It was people who brought the previous innovation, Computers, and computers were ushered in by Television, and so on.
I know it's long, but Embermine's ICO is ending soon and this info needed to be shared.
Thanks and praise to James for everything down.