If you have invested in the Envion ICO I have bad news for you - the coin is down almost 50% today and overall it is down 83% since the ICO. The "early bird" price was 70 cents and the final price was 1$ towards the end of the ICO. The project did raise the mindblowing 100$ Million and since that failed to deliver on every promise it made to it's investors.
Today there was an announcement that they have problems with their CEO and that the "founders" of Envion are suing the CEO over the money and some other issues (dilution of the founders coins etc.). The bottom line being that this project won't be delivering on their promises any time soon. For some this might be a great buying opportunity, for others just another scam token - you decide for yourself.
What is Envion
According to Envion website
Highly profitable, global crypto-mining-infrastructure - Hosted in mobile, modular CSC containers - Decentralized placement directly at the energy source.
What is your opinion on this project ? Have you invested in it ? Let us know in the comments :)
