Envion ICO - A Worthless Marketing Gig Or A Future Goldmine?

Envion ICO sale starts December 15th. Will you be joining or are you a non-believer?

Envion promotes itself as 'World’s Most Profitable Standard of Self-Expanding Crypto Infrastructure'. The idea of the project is to is to create highly-profitable, global crypto-mining infrastructures inside shipping containers, which will be delivered as close to the energy source as possible to minimize costs.

The idea is to harvest available clean energy locally to reduce the costs and mine at a lower cost than their competitors, meanwhile reducing the CO2 footprint of the blockchain industry.

Some of the functions and benefits named at the website are:

Monetizing Overcapacities
Decentralized Mining Network
Cost-Efficient Mass Production
Plug & Play Mining Operation
Most Efficient Cooling System
Accessing Low-cost Energy
Extremely Mobile

ICO

To raise money, they are introducing an ICO, which will be launched on December 15th. They are aiming for $150 million.

As normal with an ICO, the company will issue its own cryptocurrency, the Envion token (EVN).

EVN tokens are ERC20 tokens built on the Ethereum blockchain. There's a total supply of 150 million tokens. Token holders are entitled to receive 75% of Envion profits paid out in ethereum dividends each week. 25% will automatically be reinvested to boost future payouts It also allows users to have voting/vetoing rights for major decisions.

They're promising their investors a 161% profit first year with increasing revenue via re-invested profit

For more information about Envion and the ICO sale, you can visit Envion's website here.

To Invest Or Not To Invest, That's The Question

I'll be honest with you: I can't give you any advice on whether you should invest or not. In fact, it's me who's asking for yóur advice.

Let me give you a little background information...

Last week, I was discussing Bitcoin with a friend of mine. He has been investing for years and was an early adopter when Bitcoin popped up. He has made quite a couple of very smart decisions in the past.
He told me he was going to drop out of Bitcoin to go all in on an ICO that he thought was very promising. That ICO appeared to be Envion's.

I've only been into cryptocurrency for a little over a year now, so I'm still a noob. I listened to everything he told me and - since I trust him and his judgements - was conviced Environ was the way to go.

Back home I started reading articles online to see what others had to say about this ICO. In almost every article I came across writers who were very positive about the future of Environ and predicted that it would become very profitable in the long run.

But hey, I may be a noob, but I'm not a fool. I've been in internet marketing for years and I think I can recognize a promotional post when I see one. All those articles gave the the same feeling: they were written out of a marketing perspective.

At first, I was in doubt, because there were so many of them. Afterwards I learned that the guys over at Environ have an incredible strong marketing team, which shows in things like their social media presence.

They have like 35k fans on Facebook, 4k followers on Twitter and over 10k followers on Telegram. This is very remarkable and different from other ICO's that struggle to get a few hundred Twitter followers.

A strong social media presence builds a sense of trust and reliability - that's one reason for the huge number of people that are promoting the ICO.

Envion scores good on some other very important points:

Good whitepaper
Nice website (in multiple languages)
A good, transparent team
They've actually built their product.

So, nothing to worry about and go for it, no?!

Wait!

Then I stumbled upon two articles that were completely different from all the others.

ICO Analysis: Envion by Hacked.com

Everything You Should Know About Envion’s ICO by Michael Haupt on Medium

Both writers seem to have done more than usual research and are actually very critical about the Envion ICO. In heir articles, they reveal information you don't find elsewhere.

Some quotes:

The team:

"Registered in Zug, Switzerland, but located in Germany, the Envion team seems to lack real talent in the mining industry. (...) The story goes that in 2015 Matthias had an epiphany and convinced the other founders of Envion to start this project. They then spent two years developing the first MMU. However, if you dig into the six core members of their team, all of them joined within the last two months."

"Jonathan Koch (technology): In the whitepaper he’s described as a “Software engineer with 10 years of experience as a team leader at Rocket Internet & wooga”. However, when you investigate further, it turns out he only worked at rocket internet & Wooga for four years total. One of their bitcointalk spokesmen admitted to this embellishment."

" Out of the six core member from the whitepaper, only two have programming experience, and I don’t think any have mining experience."

(Hacked.com)

The prototype:

"The prototype is located in a factory, which more than likely uses non-renewable energy. A second unit is currently being built, and it would provide more credibility if it was located at a remote renewable energy source, with live updates showing real results from their MMU dashboard. In other words, location is just as important a variable in the envion solution mix as the prototype itself, and should be demonstrated."
(Michael Haupt)

They have their one MMU supposedly running in a warehouse somewhere (they won’t reveal where) and it’s confirmed that it’s not actually mining.
(Hacked.com)

The articles contain loads more information that you can't find elsewhere. I suggest you take two minutes to read them yourselves. Here are the links again:

ICO Analysis: Envion by Hacked.com

Everything You Should Know About Envion’s ICO by Michael Haupt on Medium

Now What?

So on one side, I have my friend, who's an experienced investor and has booked many successes in the past.
On the other side, I have those two articles pointing out the weaknesses of Envion. They're not labeling it as a scam, although they get pretty close.

This article is the next step in my personal research: I want to know what YOU think about the Envion ICO.

Are you a fan? Are you not? Do you have any more information? Do you have doubts? Are you a believer?