EcoBit is a NEM-based token. The fund gathered during the ICO are to be used to participate in green-related projects. The returns from the projects are reinvested in developing more green projects, which benefit the communities and token holders, plus provides an income stream to token holders.
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Ecobit ECOB price
it seems to me that there is a lot economic potential regarding the establishing of a viable eco-tourism industry in the region, or perhaps nation wide. The only thing that can thwart a great future is individual and short term greed/profit at the expense of a great future, which happens quite a lot actually, so I really hope you guys will clarify a lot concerning the risk/reward ratio for investors. Will there be a common spirit driving this project along holistically or will implementation be fragmented?
There is no intention for the owners/promoters to flood the market with EcoBit tokens. The EcoBit team intends to keep the supply of tokens on the market at a limited amount. - With the release of NanoWallet, NEM is introducing its first version of Apostille, a second-generation blockchain notarization service.
EcoBit helps people contribute by investing in environmental projects. In the long run EcoBit aims to reduce carbon footprints. Trading and investing in digital assets is highly speculative and comes with many risks.
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We will integrate our EcoBit Blockchain Card to track and use for the benefit too and for POS system too. After that, we will be inviting our EcoBit Family from overseas (if any) and local participants to learn more about Aquaponics and Spirulina Farms.
Today Ecobit price in US dollars is currently 0.0028 USD, and if converted to Bitcoin is 0. A total of 135 coin's are currently circulating in the Market.
First you prove you are worthy of a higher market cap by delivering, consolidating fundamentals etc. before you rise in rank, that's the game and how it should be. The term "organic growth" should give an extra dimension to this project in order for me to be considered an attractive investment.
It's vague because there is no central CEO, a public figure if you will, who explains all and can bear responsibility. It's also vague because the value of the project already is capped at almost 300 Million USD, with tokens of 3k satoshi, which I believe is a huge mistake. In its current format the ICO to me looks like this; an easy way to gain as much extra profits from this CC trading/offset deal as possible which imo is very sad because the business model involving Ecobits DOES have a lot of potential. If that were the case, personally I'd consider everything up till 30M ICO a very good opportunity to make gains in the future. This project demands trust that it's worthy of an almost 300 M USD market cap based on a deal in a relative small market, a good plan with a good team, but that's not in accordance with crypto dynamics.
The idea is to create a platform for mainstream and international people to participate and enjoy the benefit. Once we achieved Phase 2, we would like to interested parties to join us in Phase 3, where we can duplicate the whole idea to another country.
As for the Carbon Credit side, it's a bit hard "to see" as it's not that tangible compare to the rest of the projects. Well, in logical terms, once we free float it, if you buy now at $0.03 and once we float it at $0.045, there will be just 50% upside. With the price of 3000 Satoshi the market capitalization has to be higher than NEM's and that is unrealistic at the moment. That carbon offset deal is the only thing that is there right now and you still have to audit the land to see how many carbon credits there are. No idea how long this is going to take and when you can start selling those credits.
for investors it's important also to know there is a great vision behind the project that goes beyond the big picture, a specific vision applicable to this project. For that I think it's important for Mr Tang to let his voice be heard and be able to explain exactly how it's all supposed to come together.
- The rest of the projects are just vague dreams with no real plans that were presented.
- This is a classic challenge for ages and EcoBit is using NEM blockchain technology to track the certificates, movement and records with NEM's digital ledgers to ensure full integrity from production to delivery of EcoBit produce.
- There's no existing project yet the price is to high and the supply is to huge too,there will be a lot of dumping that's going to happen here if the dev has a huge amount of supply have to pass this one but will watch if this coin really has a good potential.
Today Ecobit price in US dollars is currently 0.0041 USD, and if converted to Bitcoin is 0. A total of 198 coin's are currently circulating in the Market. Ecobit prices are currently experiencing a change of 0.27 %, check all cryptocurrency. Over the past 24 hours 0.000 M US dollars Ecobit has been traded on Crypto Exchanges. Get Ecobit's progress by adding it to your favourites and creating a free portfolio if you wish.
On the other hand, Ecobit operates on the voluntary CC trading market, which is small in comparison to the compulsory market. Still then according to Ecobit their annual revenue they get is like 5-15 M USD a year, not bad, but not huge either. On their website they claim 800 M ton of Carbon over 30 years and according to reports the forecast price for carbon is about 15 to 50 USD in the near future, which would put the potential revenue way above 5 to 15M USD a year, but perhaps those forecasts involve the regulated markets.
Thanks for your patience and understanding.I feel like it's hard for me to make an accurate assessment due to the fact that there are so many variables and complicated dynamics involved so maybe I came across as a little too critical. However I feel like you would do all of us potential investors a huge favor if you could clarify till what extent the tokens that are not being sold during the ICO and are held by the team will be a part of the market capitalization, how will they be used? Also, all these projects sound great, have you thought about creating an eco-tourism industry also, will Ecobit tokens be used in such a context or nation wide, or perhaps both?
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It's too vague for me to really comprehend, and I feel like this is the main issue with this ICO. Like they already assured a deal for the next 30 years with Carbon offset/CC trading, however then why is this still listed on the ICO roadmap as though it requires 5k bitcoins to yet be implemented?
We also provide rich advertisement campaings to advertise your business on this website. Any EcoBit not sold will be held by the team and divided for each segment, like Long Term Investment, Short Term Investment, Acquisition, Sales & Marketing, Research & Development , Projects & etc. The percentage is not yet determined, but we will decide once ICO is over.
CURREX SOFTWARE | CRYPTO CURRENCY PRICE CHECKER have over 2100+ cryptocurrencies, trusted historical data, details of active, upcoming and finished ICOs. EcoBit's initiative is to use blockchain technology to deploy traceability disciplines on all EcoBit chain of produce movement. This is a classic challenge for ages and EcoBit is using NEM blockchain technology to track the certificates, movement and records with NEM's digital ledgers to ensure full integrity from production to delivery of EcoBit produce. EcoBit owns these eco-friendly businesses and will demonstrate that this implementation for traceability is practical and reliable using blockchain technology which is now available. EcoBit will deploy this application as each of these projects come on-stream and those consuming the produce can be sure of the points of origination to the points of delivery.
With the release of NanoWallet, NEM is introducing its first version of Apostille, a second-generation blockchain notarization service. The word “Apostille” was popularized during the Hague Convention of 1961 in an agreement signed by 112 countries to make Apostilles the official form of international notarizations. The NEM blockchain and Apostille program takes the same idea of notarizations but instead of having notaries backed by political will and treaties, has notarizations backed by an international and decentralized blockchain bound by computer code and cryptography. This is our idea in the first place and after our ICO ends, we can start show casting our projects to potential participants.
There is potential of the project and then there is the business model, till what extent these line up determines till what extent this project can be considered a good investment. You guys did a great job so far explaining/expressing the former, now it's also time to focus on the latter. So in short; if team decides to provide the necessary clearity regarding the points just mentioned adjusts their ICO business model and let the free markets do their thing I think it's a good investment. In its current format it comes across as too vague and greed imo.
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