Neblio ICO Update
Earlier this week I posted about Neblio's ICO and why I chose to invest. Since that time, I've had a lot more interaction with the project and I'm becoming increasingly optimistic. So, I wanted to provide an update on my experience so far.
Check out the Neblio Website
The Team
This is clearly the main concern that most people have. It's a two person team. However that's actually what amazes me. They have created their own blockchain, created working wallets for Mac, Windows, and Linux. They have created a working staking system, with which I've already earned about 12 NEBL. And, after talking to their main developer, I have become increasingly confident that they know what they're doing. With just two people, they already have more to show than most ICOs. And, If the size of the team is the main concern, then the price should begin to climb dramatically following the ICO when they begin their hiring process.
In addition, the team is incredibly nice, responsive, and generous. They are distributing 100% of the NEBL supply in the ICO. Everything that doesn't get bought, will be burned. The small portion that they do own, they used their own money to purchase. Currently they are 12th overall in terms of NEBL ownership. You can see the ownership percentages here in their block explorer:
Neblio Explorer: http://explorer.nebl.io/richlist?raf=ref9474597
The Wallet & Staking
The wallet is simple, but works seamlessly. I have received, sent, and staked all with no issues. The staking apparently works out, no matter how much you own, to a 10% yearly interest rate with daily compounding, as long as you keep the wallet open. So there's some nice built in gains there (better than the stock market), without even considering the gains in coin price (which I personally think will be 10x-100x in the next 6 months).
The Value Proposition
Neblio serves a similar purpose to Stratis. It will become the platform that enterprises build their blockchain-based applications on top of. They have the knowledge, and the plan to actually accomplish that goal. Currently, Stratis is valued at over $600 Million. At the end of the Neblio ICO, which ends in 2 days, it will be valued at around $1.5 Million. Therefore, if Neblio can even become 10% as successful as Stratis, it would be worth $60 Million and your ICO investment would have gone up 40x. I see the ceiling as being much higher than that. They are already preparing the documents to hopefully be listed on Bittrex and Binance following their ICO. There are certainly question marks as to how high they can go, but I have no doubt that they are going up.
Interesting, but the team (one developer + one business manager)?
The task is too big for two I guess.
nice!
How are you staking Neblio? Are you mining? Please elaborate.
Neblio uses PoS (proof of stake) algorithm. All you need to do is have your wallet open, with NEBL tokens. Here's a good explanation: https://nebl.io/2017/07/01/staking-explained?raf=ref9474597
Great post. I like the 10%! Growth is always fantastic but income makes you feel good when the market inevitably dips. Appreciate the links too.
Thanks! And I absolutely agree
BTW, they have a referral program where i can get a 10% bonus on the purchases of people I refer. If you're thinking about investing, I can give you my link and split the bonus 50/50. So you'd get an added 5% on top of whatever you purchase
Funny I nearly asked you when I saw there was one when I did my just works buy. Go ahead and give me your referral code. You earned it as I would not have know about this without you.
And the referral code is....?
Sorry i was offline for a few days. Hopefully you still participated without the referral code. I'm a big believer in this one, at least relative to its current valuation
I bought 550 tokens with the first buy (ie just trying it out) I was waiting on the referral code from you before buying anymore and decided that if i didn't get the code I would just go with what I had, which is what happened. The coins have paid out once (0.37 NEBL) and I have been learning the ins and outs of how to keep your wallet staking. For some or other reason it appears to lock itself again from time to time. As best as I can tell it is if you close the application.
Sweet post. Did you actually get that many tokens? And di you check out SALT? I feel that one will go to mars, not just the moon.Look into it! (i made a post a while ago)