Mar 6, 2018
Envion February 2018 Investor Update
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Envion February 2018 Investor Update
Is Envion Legit or Another Scam?
What's Envion?
They're hoping to solve a few of the issues using cryptocurrency mining by developing a new decentralized remedy which uses green energy.
They are likely to develop new 'Mobile Mining Units' inside shipping containers that could easily be transported to areas having the least expensive type of renewable energy available, such as hydro or solar power plants across the world.
Their brand new MMU units will permit them to combine 2 of the fastest growing markets together, the cryptocurrency mining and renewable energy sectors.
The new job will be decentralized with token holders able to vote on significant decisions through the platform.
The Business intends to mine with ASIC and GPU miners in a 50/50 split.Problems with the mining marketplace
Despite one of the significant selling points of cryptocurrency being that it is decentralized, cryptocurrency mining has come to be highly centralized, some of the largest mining facilities dominate the marketplace. It has meant that crucial decisions within certain cryptocurrencies like hard forks can be decided by only a few people.
Another major issue is that the energy consumption, since the purchase price of cryptocurrencies has exploded in the past 12 months so has the price of mining, the total amount of energy being used to mine is now obscene and the quantity of energy used to deliver just a single transaction on the Bitcoin network has reached 100s of kws.
How Envion aims to fix these problems
They state in their whitepaper they believe cryptocurrency mining ought to be decentralized. Using their own token on the new platform that they hope to do that by distributing 100% of earnings into token holders and between nominal holders in any essential conclusions. Using their brand new MMU units they also plan to have a cost efficient mining alternative. By building these in 20 foot shipping containers they'll be able to station them everywhere in the world that cheap energy is available. They'll use a database that will enable them to discover the cheapest possible renewable energy prices across the world.
Gain for Money holders
Envion will be distributing 100% of the profits that they make to nominal collectors. 25% of this sum will be utilized to further extend their operations by reinvesting to more hardware. The remaining 75% will be distributed to token holders weekly. In their whitepaper they've stated that the ROI must be 181 percent.
Envion Key team members
Matthias Woestmann: He has been an investor in renewable energy for over a decade. He funded SOLON AG, which subsequently went on to become one of the leading module manufacturers in Germany. Jasper Hellmann: Experience conducting multiple eCommerce companies. In 2016 he founded an eCommerce company and produced 30 million euros of revenue in just 12 months.
Felix Krusenbaum: An IT professional with 6 years experience working as a strategy consultant for A.T. Kearney.
ICO Details
The EVN token will probably run on the Ethereum network.
Token sale runs from December 15 until January 14.
Total tokens for sale: 150 million.
Token cost: $1.
Conclusion
The cryptocurrency mining market has clear problems if it's going to keep growing. The amount of electricity used by proof of work established tokens is becoming obscene, with lots of news bureaus lately reporting about it.
Envion looks well poised to help solve this problem. The team behind the project has a lot of experience in green energy based businesses and expertise running many successful companies.
The profits being spread into token holders will offer an apparent incentive for individuals to continue to the tokens and ought to see the token price increase.