Rated on Mar 27, 2019
I have been following this project's evolution for quite a while now. The bear market has affected all new projects and it has made it hard for them to reach their full potential.
However, VenusEnergy has a small team, but they did passed the KYC and they do their best to bring this project to the market.
Their vision is rather different, trying to bring an innovation to the renewable energy market. This will also bring a positive impact in our daily lives, as the Earth is in need for more green alternatives.
They do not have an MVP yet, but as seen on their website, they have already closed partnerships with many others and they seem to be quite committed to do their best.
Honestly, this seems a legit project from what I've seen. My advice for you guys is to make an MVP and recruit more team members on board. This project has tremendous potential.
Rated on Apr 28, 2019
Modified on Apr 28, 2019
This project is obviously trying to make a difference in an area that needs it; renewable energy. The team looks OK, but a bit on the small side. A solid vision and I look forward to seeing the MVP in the future
Rated on Mar 27, 2019
Modified on Mar 27, 2019
→ Blockchain Advantage - ✅
→ White Paper - ✅
→ Team Composition - ✅
→ Token Economics - ⛔️
→ Business Model - ⛔️
→ Social Media Presence - ✅
→ Collaborations & partnerships - ✅
→ Fund Allocation - ✅
→ Legal Loopholes - ⛔️
→ MVP/ DApp/ Working Product - ⛔️
Advantage - They WP is very detailed and the idea of selling power when crypto prices are down makes sense but the economic affecting the ROI isn’t explained. A good marketing team with visible social media presence. Since, its an IEO, chances of it being a fake is lower than a traditional ICO. They already have received investments for the project from traditional sources.
Disadvantage - The team has 3 CEOs and other members doesn’t display their experience in Li. The business model should have a clear view including a projected project details and ROI generator for investors. A One-page or pitch deck is needed as the WP is too detailed at times.
You can find my ratings methodology here- https://medium.com/@krishnenduchatterjee/ico-evaluation-investing-a-vc-perspective-for-investment-over-greedy-short-term-returns-433f6f9e13d8
Rated on Jun 21, 2019
Modified on Jun 26, 2019
Team: Most of team is from same nation but they are not running there project from there own country so it's hard to believe. Because if someone is passionate they cleared the legal stuffs in there country first.
Vision: I have explained in my first point. While the IEO on Exmarkets having no result as i have check there previous IEO results. So i don't think so that they can fullfil promises what they had with their clients.
Product: I mean who is going to believe just a picture? Atleast if they are saying their MVP is live it's cannot be live on internet its must be any app to register entries etc and live video for product test.
Rated on Jun 26, 2019
Modified on Jun 26, 2019
A project I have been following since last summer. The crypto market has been rough in the past year for everyone, but their team is not giving up on Venus Energy and they are doing their best to implement their project. They have a solid and dedicated team, a unique vision and a product that will improve lives of many. I wish them good luck in the future!
Rated on Mar 28, 2019
The product has a relatively small team and no MVP yet. However, in spite of this, they have made really good progress since I last checked them up. And their team members has passed the KYC, which is a good sign.
I believe the renewable energy is a topic of the future and it will help future generations to come so there is a lot of potential in VenusEnergy. Their team looks committed to this project and they have really professional materials until now. However, only time will tell what will happen in the future but I wish them the best of luck!
Rated on Apr 30, 2019
Modified on Apr 30, 2019
No product, no vision (miss a lot of elaboration).
Vision is great as we need green solutions but I do not see any strong partners. Budget really high for the first stage.
Rated on Jun 27, 2019
Modified on Dec 27, 2019
MVP - png? Update please.
I am always a fan of green projects. This project has great potential but I think it needs a bigger team and a nicer mvp to show people.
Rated on Dec 23, 2018
Modified on Aug 3, 2019
A risk to any renewable energy source driven crypto mining endeavor is its adoption in the general population. Generally most businesses and home energy consumption is managed by state and policy in a number of regulations to drive taxes to support city, state and country programs. Bypassing this approach with a decentralized RES offers a great opportunity to first adopters in small collectives (co-ops, micro grids, municipalities...) to test and improve the aggregate efficiency of mining crypto over carbon based energy. A portion of the ICO funds should be directed to small installations (wind, solar, biomass) that a business or homeowner can purchase with ETH or Fiat, install and begin mining crypto and benefit from discounted power that is shared with others on the micro grid. As business grows, invest in the ocean wave and solar farms to handle power needs of business.
Rated on Apr 16, 2019
Modified on Apr 16, 2019
I have been following the project for a while. This is a great project. I am all for Green Energy. The environmental damage from all the mining rigs can be staggering. For a sustainable crypto growth, we need to think Green when it comes to mining.
The team looks solid and well poised for success.
I don't see a need for an MVP because here because they are building a business on proven technologies. Its a great concept as long as they can raise enough money to put the infra in place.
Lets save our planet for the future generations.
Good luck guys!
Rated on Jun 20, 2019
The thought of helping the environment with blockchain is admirable. However, the business model remains unclear, as is the tokenomics.
The team looks sufficient, although having three "CEOs" is puzzling. Perhaps that is a typo, but after others have pointed out, if it is indeed a typo some correction was warranted.
Rated on Apr 5, 2019
I love the idea of building wind farms to produce the required energy for mining.
The project seems well engaged, the partner is found (Jegaines.lt) and has a detailed quotation.
The possibility to stop mining and sell electricity instead, waiting for better time is a huge advantage on the mining market.
WP very long but full of general descriptions about crypto and mining while there is absolutely no information about the business model and the product they will be selling. That is a big concern.
The "electricity sales" has not be detailed too. What would be the ROI for miners when selling 0,7 euro cent the kwH ?
Teams pretend to be qualified but no information about them, mostly empty LinkedIn profiles, etc.
Regulation will probably being a great concern in the future (some of their competitors had to stop mining for that reason) while they don't seem to bother about it.
Great idea but still lot of work to make it real.
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