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  • (01. January 2010., 10:27:49)











Author Topic: (New coin found!) #altcoin #BitLeu (Romania coin) - POWER FEATURE: buy hardwood  (Read 9295 times)

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devnullius

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Analysis and my personal experiences with the devs and the coin with their manoganie project comes in the reply.

First, the official announcement: one of the most elaborate ones I've ever seen!!  :bih:


BitLeu [BTL] - The New Eco & Renewable Energy Sustainable Crypto Currency

BitLeu (BitLion) is the King of Crypto-Currencies that brings value through its non-volatile retirement plan and keeps you busy the entire life!

BTL Description

    “The first step is to discover a community and build a currency around it rather than building a currency and expecting everyone to show up.” - Chris Ellis


     BitLeu is an ASIC and MultiPool resistant coin that uses a unique combination of hashing and mixing functions known as Scrypt Jane.

BitLeu is not just an electronic currency; it is a new and sustainable concept that intends to bring the value of the money back in the pockets of our people, within the country and internationally. Thus, BitLeu is a new open source peer-to-peer crypto currency, owned by citizens and businesses of Romania and their friends worldwide.

The idea behind this concept will be enforced by a Foundation, which will have a named President and Members. The President and leading Members of the Foundation will be incorruptible people with ideals higher than gathering large amounts of money for their own benefits. These people are not affiliated in any way with the actual government and money-thirsty leaders. The chosen president will be a well-known and respected person with a high academic rank.

Everyone should be aware that the whole BitLeu concept is not designed with a mine-and-dump idea in mind. Low block rewards slowly increasing for the first year coupled with the increase of the N-factor will not allow huge farm owners to dump big amounts on exchanges, thus leaving the coin with a very little amount to trade.

We aim to make the BITLEU sustainable, with a strong technical structure and applicable financial strategies to ensure good return to users.

Slogans & Logo

EN translation and meaning of BitLeu:     BitLion - The King of Crypto-Currencies!
RO slogan and meaning:        BitLeu - Regele Cripto-Monedelor Digitale!


Links

Launch Romania:   http://bitenergi.org/event/bitleu-iasi-conference/
Thread EN1:   https://bitcointalk.org/index.php?topic=510353.0
Thread EN2:    https://cryptocointalk.com/topic/7835-bitleu-btl-information/
Thread RO1:   http://bitcoin-romania.ro/index.php/board,14.0.html
Thread RO2:   https://bitcointalk.org/index.php?topic=510796.0
Mass Media:   TeleM TV & local newspapers at Iasi Bitleu Conference!

Downloads
Sources:           https://github.com/bitleu/bitleu
Windows Wallet:    http://capitalaccent.com/wallet/bitleufinal.zip
Block Crawler:   http://89.38.132.118/chain/Bitleu

Specifications

5 Billion total coins
2.5 Billion coins Premined
2.5 Billion coins for mining in 16 years
Block Time: 60 Seconds
Confirmations Mined Blocks: 30
Transaction Confirmations: 5
Port: 22641
RPCPort: 22640

  • Block 2 - 100,000 = 125 coins
  • Block 100,001 - 200,000 = 250 coins
  • Block 200,001 - 300,000 = 500 coins
  • Block 300,001 - 500,000 = 1000 coins
  • Block 500,001 - 1 000,000 = 2000 coins
  • Block 1,000,001 - 1,500,000 = 1000 coins
  • Block 1,500,001 - 2,000,000 = 500 coins
  • Block 2,000,001 - 2,500,000 = 250 coins
  • Block 2,500,001 - 3,000,000 = 125 coins
  • Block 3,000,001 - 8,500,000 = 50 coins

Bitleu uses Scrypt-Jane library mining with Proof Of Work having a variable n factor.
GPU mining power will decrease slowly and GPU mining will become a lot slower than it was during the start.

This period of mining decreasing power coupled with slowly increased rewards will slowly close the gap between CPU and GPU mining, resulting in more profitable and fair mining rewards for CPU miners also. GPU mining will still always be faster than CPU mining, but the modified nFactor will give Bitleu more long-term scarcity and value.

The BitLeu Foundation & Pre-mine

There will be a total of 5,000,000,000 coins (5 billions)
Premined: 2,500,000,000 (50 %);

Block Explorer: http://pools.animusgs.co.in/bcbitleu/ (we are installing new Abe Block Explorer, will be available soon).

After long debates with newly formed development team, we are restructuring the pre-mine section as described below.  

The 50% Pre-mine will be split into separate accounts as follows:

The BitLeu Foundation

The 2% of total coins will go into the new created BitLeu Foundation's fund, which will take care of the delivery and support the spread of coins to population and will have an open book for all the spending. Also, the fund will be used for organization's operational costs used for development and maintenance of BTL. The Foundation can only pay its employees with BTL. It cannot sell them to pay its employees with other currencies.

48% pre-mine will be used to be distributed to Romanians through the Foundation, as follows: the Romanians above 18 years old, the Businesses, and the Development Team, as explained below.

The Romanians
The premined coins will be distributed to National citizens of Romania via their national ID number as proof of identity to receive coins, in the next years, making sure that the coin will have a wide spread. A database will be created for this purpose and the Foundation will play its role in making sure the spread is fair and there will be no people receiving the same amount of money twice. Each Romanian will receive 100 BitLeu coins. The first delivery will take place at the 1st December 2014, the National Day of Romania!

The Businesses
New and established Companies owned by Romanian entrepreneurs within the country and in partnership with foreign friends worldwide will claim be able to claim the premined coins. Only companies that present viable projects developed and powered by BTL will receive the funds, in BTL, of course. Each company will have to use owners IDs and a registration or tax code as a proof of receiving coins. For the first stage, the final date of presenting your BTL business plans on the crowdfunding platform online will be 1st December 2014, the National Day of Romania. Accordingly to the spread of coins for business purpose, there will be more stages, 1st December 2015, etc. This will be announced in detail on BitLeu crowdfunding platform.

The 1st Development Team
In order to increase the actual value of the BitLeu, an amount of premined coins will be allocated to the creator of the coin and to the primary development team, as follows:
- The development of the coin itself: rewards, marketing and advertisements, coding/applications, lawyer consultation for the next steps following the launch.
- The startup and development of the ecological and energy investment projects.
- Any other things pertaining to the development of BitLeu currency.
- Operational costs – this includes rewards and crowdfunding perks for community members who will help the BTL with equipment, servers, development and maintenance of BTL, the BTL Fund operations and so on.

The rewards and perks will be of minimum 1000BTL up to 500,000BTL depending on the contribution made to grow the coin by a person or a community.

What Is Different About BitLeu?

In many people's opinion, the value of a commodity/fiat is something just perceived and not necessarily real. What stands behind the value of it is an idea. The idea of a corrupt system cannot make a strong value for the currency issued by that organization/structure.

Many are afraid about pre-mine, but as anyone can see, BitLeu will have some advantages that not many of the new alt coins have, such as protection from ASICs, spread, a community and a real person as the leader of the Foundation who will guide its members to success.

The Foundation will have its own constitution and it will gather members in associations that will invest their crypto-currency in real-life investment projects, located in Romania and in foreign countries so any administration will not be able to perform bad actions against these ventures. The members of associations will be able to vote on decisions pertaining to each project.

The business projects developed through the legally registered company in the UK, BitEnergi Ltd., will be transparent to its investors and all the profits from these projects will be returned to the private or crowd investors, depending on the constitution of that business organization. Every member involved in a project will be able to actively participate with ideas and physical work in order to succeed with the project.

Through legal crowdfunding platforms any person living in European Union will be able to invest BTL in order to become shareholder in the BitEnergi UK Company.

More details of these projects will come in the next future, after first consulting lawyers, naming the President of the Foundation and the board members. The available mined coins can be already invested in these projects as soon as the Company and the Foundation will create the framework, which will increase the credibility of the currency. Be aware of the fact that this currency/idea was certainly built with the though of being sustainable and not a 'get rich quick scheme'.

What makes our coin different from other crypto-currencies?
- A sustainable currency through long-term real life business and investment projects developed until and after the first delivery.
- Strong protection from ASICs.  
- A community and a real person as the leader of the Foundation.
- A high value currency that can be used not only for trading, but also for profitable investments and for shopping online or off-line.
- The first crypto-currency in the world that offers a valuable and ingenuous non-volatile retirement system.

BitLeu Delivery - 1st December 2014, the National Day of Romania!

The purpose of the "BitLeu Delivery" is to put a significant quantity of BTL in the hands of as many Romanian citizens and businesses as possible.


Phase 1 - Business adoption of BTL as method of payment

Starting with 15th of April 2014, we plan to distribute an incentive of 50,000 BTL to any business that has successfully implemented BTL as a payment method, limited to the first 10 businesses. Launching Phase 1 at least couple months before Phase-II will strengthen BTL as a currency, making it geared more towards real world commerce, rather than speculative in nature. By the time BTL arrives in the hands of the consumers, there will already be many business projects accepting the BTL as means of payment.  


Phase 2 - Individuals
Phase 2 is a Delivery of 100 BTL per Romanian citizen who is able to identify him/her to the satisfaction of the system, for up to 10,000,000 people (about 75% of Romanians that are above 18 years old). This action will be done through a secure online platform, with similar identification system as payment processors or banks are using today. Phase 2 will be divided into few stages, by the end of which unclaimed BTL will be made available to more people. This is of course the most important component for the launch of BTL, and this will be performed by the Foundation. BTL coins remaining after Phase 2 will go into the BitLeu Foundation's Fund.

Phase 3 - The BitLeu Fund: BTLBC / BTLIF / BTLRF  
A. BTLBC - BitLeu Business Credit

This BitLeu Fund will be responsible for the BitLeu Delivery to the Companies that have a sustainable business plan, powered by BTL. It will take care about the BTL Fund for economic development of the BTL market, by using BTL.
B. BTLIF - BitLeu Investment Fund
This fund will invest in Romanian startups, and also will donate to charity and support projects that promote BTL. We work with a lawyer to open our own Registry of Commerce and all startup businesses powered by BitLeu Investment Fund and BitLeu Business Credit will be recorded in this registry.
C. BTLRF - BitLeu Retirement Fund

All Romanians and their worldwide Friends will be able soon to make savvy financial investments that respect and improve the environment. This truly makes sense and it is a low risk, extremely profitable venture. It cleans air and water, and creates homes for many forest animals. Everyone wins, including all the grandchildren yet to be born. Invest your BTL cryptocurrency in a legal environmentally friendly venture.

BitLeu Community Action

BTL currency is sustainable and will last forever! Spread the news, work, mine, trade and invest in BitLeu!

Spread the News through Media!

Vardiff:   http://vardiff.com/coin/bitleu/
Altcoin Calendar:   http://www.altcoincalendar.info/coins/323-BTL
Twitter:   https://twitter.com/BitLeu
Facebook:   https://www.facebook.com/BitLeu
   http://www.facebook.com/romanian.bitleu
Bitleu Manifesto:   http://bitcoin-romania.ro/index.php/topic,434.0.html
Blog:   http://bitenergi.org/blog/

Trade Here!

Bittrex:   https://bittrex.com/Market/?MarketName=BTC-BTL
   https://bittrex.com/Market/Index?MarketName=LTC-BTL
Exarena:   https://exarena.net/markets/btl-btc/
   https://exarena.net/markets/btl-ltc/
Swaphole:   https://www.swaphole.com/
CryptoAltex:   https://www.cryptoaltex.com/index.php?page=trade&market=BTC&coin=BTL
C-cex:   https://c-cex.com/?p=btl-btc
   https://c-cex.com/?p=btl-usd
   More will be added soon!

Tools for trading and payments

Charts:   http://crypto-prices.com/BTL
CoinMarketCap:   http://coinmarketcap.com/volume.html#btl
CryptoCoinCharts:   https://www.cryptocoincharts.info/v2/coins/show/btl
BTL Stick (Trezor):   1,000,000 BTL reward for the creator of a stick for BTL cold storage
Paper Wallet:   400,000 BTL reward for the programmer
Trading Platform:   400,000 BTL reward for the programmer
Pool:   100,000 BTL reward for the programmer

Mine BTL

Official Pool with 0 % Fee: http://btl.crypto-coinz.com
Pool 2:  http://btl.coinsprofit.com
Pool 3:  http://thepool.pw/btl


GPU Miner for AMD download link (courtesy of Thirtybird)   
Source: https://github.com/Thirtybird/YACMiner , starttime is 1394480376
Windows Binaries: https://github.com/Thirtybird/YACMiner/releases
GPU Miner for AMD thread & settings: https://bitcointalk.org/index.php?topic=475569.0
GPU Miner for Nvidia download link (courtesy of Christian Buchner): https://github.com/cbuchner1/CudaMiner
GPU Miner for Nvidia thread including links for Windows compiled versions: https://bitcointalk.org/index.php?topic=167229.0

Invest in BTL Eco & Clean Energy Projects

http://www.BitLeu.org  
http://bitenergi.org
http://bitenergi.com (soon)

Invest your BTL cryptocurrency in a legal environmentally friendly venture. But, what is the non-volatile retirement investment fund and how it works?
The financial crisis and the drop in all major stock markets makes it necessary to invest in safer and nonvolatile funds. There is no better path in investments than property and commodities, but unfortunately, this is inaccessible for the average investor, due to high capital requirements. Now, there is one specific commodity, which generates high return:  timber, especially mahogany.
The most amazing fact about mahogany timber is that the time your investment matures is amazingly short: only 12 years compared to 25 or 35 years, the norm in life insurance.
BitEnergi UK, in cooperation with BitEnergi Philippines, will give you a great chance to secure your future: Grow your assets naturally! The area proposed for investment is Zamboanga del Norte, Dipolog City in the Republic of the Philippines.
There are few things to point out regarding this location: It has a low natural disaster risk, friendly population and it is one of the safest places to live on the earth. The Mahogany tree, Swietenia Macrophylla, grows here the same as in its natural habitat.
BitEnergi is establishing a legal permanent company in Dipolog City that will work in cooperation with DENR – Department of Environment and Natural Resources. We will employ the best forestry engineers to provide a first-class environment for the development of mahogany plantations.
The trees will be registered in the Tree Registry and in our own database that will contain information regarding the owner, GPS coordinates, date of planting and any important data.

BTL Commerce Project
Willing to accept BITLEU as payment?  
Email or PM us and we will promote your business.
Use one of our banners below (coming soon)...  

Giveaway: Work and get rewards, perks
Coin Logo:   20,000 BTL for a winner of coin's design improvement, please contact!
Campaigns:   20,000 BTL for online campaign leaders
Youtube Video:   Minimum 1 min 30 sec - maximum 4 min  = 10,000 BTL each
Faucets:   20,000 for clean, without pop-ups, faucets holders

Crowdfunding Campaigns
Multifinantare.ro:   http://multifinantare.ro
Bitcoin Starter:   https://bitcoinstarter.com
Cryptostocks:   https://cryptostocks.com
Crowdcube:       http://www.crowdcube.com
Indiegogo:       https://www.indiegogo.com
RocketHub:       http://www.rockethub.com
Seedrs:           https://www.seedrs.com/startups

© BTL Development Team
             For your Financial Freedom Forever!

1st Development Team:   BTL-Master
                           Lumberinvestments
                           Crocko
                           Teodor M M
   
1st Marketing Team:   Studeer
                           Qiwoman
                           Your (nick)name can be here!


More information about bitcoin, altcoin & crypto in general? GO TO  j.gs/7385484/btc

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devnullius

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I was contacted by BitLeu 2 weeks ago.

At first I was asked to write some more about the coin and an IPO analysis. But while discussing this, they let it go and had a better offer for me: long term promotion in return for many coins. Many exchanges are supporting this coin already (see: https://www.cryptocoincharts.info/v2/pair/btl/btc/bittrex/10-days), no doubt due to the professional approach they have taken from the start.

So far, so good ;p

I will now try to write a decent all-round article around this coin. This will be hard: just look at the announcement alone! And then IPO, IPO-investments and whatever more :) I'll also include summaries of the discussions I had with the developers of this coin. Read on, it will be an interesting read! Including photos, videos and legal issues!

---------
From the [ANN]

* non-volatile retirement plan (BTLRF) =

Sustainable currency through long-term real life business and investment projects that respect and improve the environment. Participation in BitLeu only.

Crucial question I'm left with is this: if I "buy" into such a project and pay with BitLeu do I own the end-product (service) OR do I own shares that I can transfer?^ In the first case, I would buy BitLeu on an exchange, hopefully very cheap and buy into a RL BTLRF Project. I will then own something that nobody can take away from me. I do not need further BitLeu if I don't want to. Eg, the coin may fail but my investment(s) will remain safe.
Or will the BTLRF products I think I own fall back to the BitLeu organization when the coin (and thus the foundation) fails? Then, I would have lost my investment completely.
OR are they true shares that are transferable, prices only expressed in BitLeu (and thus: fluctuating prices, influenced by markets)?


* chosen President, an academic, respected person =
??


* smart! = block rewards;

Coin developers face many choices, the most important ones being: do we pre-mine and/or do an IPO and what will the block reward be??

All these factors influence the market greatly. Many haters for IPO/pre-mine coins and to keep miners happy one would like to start with high block rewards to reward early adopters. But many coins means early dumping with low prices, devaluing the coin long-term.
But if you start with low block rewards, nobody will mine your new coin. Problem problem!

BitLeu thinks to solve this in a smart way: low block rewards will slowly increase in the first year. Coupled with the increase of the N-factor it will not allow huge farm owners to dump big amounts on exchanges, thus leaving the coin with a very little amount to trade and hopefully sustain high enough prices.

Just a quick note: I'm always worried with what will happen with "my" petrodollarcoin, which has the opposite approach. In less than 3 months, their block reward will drop from 1400 to 30 (...). I'm *very* worried what will happen with the coin: will anyone be left mining? If not, what happens then??


* Premined: 2,500,000,000 (50 %);

- 2% (100,000,000) will go into BitLeu's Foundation fund. It's record will be public. Used for delivery and spread of coin promotion. Also used for operational costs (development, maintenance) of BitLeu (BTL). Employees are paid in BTL only.
- 48% (2,400,000,000) will be given away to:
  1. Romanian people (age 18 and above). Will only be given away first in December 2014, giving the coin some protection against the Auro-dump effect. Again, smart thinking :)
  2. Official Romanian Businesses receive coins when they allow trading with it.
  3. 1st Development team + various other costs like servers, crowdfunding, ...
  4. RL investments with BitLeu crypto-currency


* BitEnergi Ltd. is registered in the UK (no doubt for its tax-evading Limited structures :angel:). Any person living in the European Union will be able to invest BTL in order to become shareholder in the BitEnergi UK Company.

Q: how to become a shareholder... I don't know. I expect feedback on this rather soon ;-)


* Startup and development of the ecological and energy investment projects = where the true fun begins;

Estimated worth is 150k to 200.000 USD per hectare at the age of 12-15 years.
BitLeu's plans are to make this into a big company that will sell the trees to the investors at 20 USD per tree.

This is what I and the developers talked about most: trees! Their eye for detail was impressive to me: they seem to think of every little detail! And they appear fair: when pointing out excellent commercial brochures that contained good decent information, they also told me flat out their price predictions were almost 100% over the top. BitLeu takes a more realistic approach when it comes to the future price of trees.
Let me quote:

Quote
There is no better path in investments than property and commodities, but unfortunately, this is inaccessible for the average investor, due to high capital requirements.

Now, there is one specific commodity, which generates high return:  timber, especially mahogany.

The most amazing fact about mahogany timber is that the time your investment matures is amazingly short: only 12 years compared to 25 or 35 years, the norm in life insurance.

BitEnergi UK, in cooperation with BitEnergi Philippines, will give you a great chance to secure your future: Grow your assets naturally! The area proposed for investment is Zamboanga del Norte, Dipolog City in the Republic of the Philippines.

There are few things to point out regarding this location: It has a low natural disaster risk, friendly population and it is one of the safest places to live on the earth. The Mahogany tree, Swietenia Macrophylla, grows here the same as in its natural habitat.

BitEnergi is establishing a legal permanent company in Cogon Eco-Park nearby Dipolog City, Zanorte province. It will work in cooperation with DENR – Department of Environment and Natural Resources. We will employ the best forestry engineers to provide a first-class environment for the development of mahogany plantations.

The trees will be registered in the Tree Registry and in our own database that will contain information regarding the owner^, GPS coordinates, date of planting and any important data.


Some "private" pictures, sent to me for you, in a nice video collage... http://photopeach.com/album/18uemcx and also http://photopeach.com/album/5qbfvt .
And a (raw) video to give you an idea: http://youtu.be/79-MLYjeXJE.
UPDATE: I have an early official video for you guys: http://youtu.be/qfDw5kWou80




* Less than 10 million mined coins, most of it are not listed for sale

BitLeu has a long way to go before all coins are mined. Currently, less than 10m are mined. The coins listed for sale on bittrex.com are 1.4 million for a total of 25 BTC; bid volume is 0.27 BTC for them (ranging from 2 Satoshi to 20 Satoshi).



^ Q: who is "owner" of the tree... See my thoughts earlier!
More information about bitcoin, altcoin & crypto in general? GO TO  j.gs/7385484/btc

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devnullius

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Quote
My wife, together with the soil laboratory expert and also with the daughter (she is a Dr. in Biology of Ornamental Plants in Romania) of Mr. Teodor  Muntean, the CEO of Austrocasa and one of the members of development team (he sells eco-housing made of wood in Romania; he is 65 years old) will start the feasibility study regarding the corporation.

My mother in law which is also the MBA Teacher in the local university will have it checked and signed so we can start this as soon as possible.

Quickly enough followed by:

Quote
From: Companies House <webfiling@companieshouse.gov.uk>
Date: Tue, Apr 29, 2014 at 12:29 PM
Subject: Companies House Web-Filing Service
To: teodor


This message has been generated in response to the company details submitted to Companies House WebFiling service.
 
Company number:    08369482
Company name:    BITENERGI LTD.
Former Company Name:    CAPITAL ACCENT LTD.
 
(NM01) Notice of change of name by resolution for the above company was accepted on 29/04/2014.





​Thank you for using the Companies House WebFiling service.
More information about bitcoin, altcoin & crypto in general? GO TO  j.gs/7385484/btc

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devnullius

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BitLeu Press Conference (June 2014)

More details through https://twitter.com/devnullius/status/463418783290654720

;-)

BitLeu early promotional video: http://youtu.be/qfDw5kWou80 (source: https://twitter.com/devnullius/status/463426559853215746). From that video:

Quote
If you have any questions or inquiries, please visit our page on www.bitenergi.com r visit the BitLeu website at www.bitleu.org.

BitEnergi contact numbers:
 Europe: +40762-120-220
 Asia: +6399-863-180-99

UPDATE: new video URL, officially uploaded :) http://youtu.be/hXoKsIiyZ1g
More information about bitcoin, altcoin & crypto in general? GO TO  j.gs/7385484/btc

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bitenergi

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Hi, I am partner in this project, we are doing things step by step, not as fast as expected but we go on for sure.

Some updates about BitEnergi Project powered by Bitleu coin:

1. BitEnergi is registered in the UK, we are OK with all legal actions there, we have bank account, so everything is legal.

2. We also will register legally asap the subsidiary company BitEnergi PH but we can develop the program through BitEnergi UK, staring from today.

3. Got legal contracts for the buyers so they become owners of the trees until seling it to another person or to the company.

4. Paid for checking name and registration of Bitleu Eco Association.

5 Paid for Bitleu trademark registration.

6. Almost done the Feasibility Study for the Mahogany Farm and intercropping.

7. We will have in few days the WP plugin for payments in BTL and it will be installed on the first 2 sites:
http://bitenergi.com
http://www.austrocasa.ro

More coming soon...

Teodor

bitenergi

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Here is UK reg certificate:


bitenergi

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Many people are commenting and asking what is the connection between Bitleu, Bitenergi and why a Romanian coin connected to a great ecological crypto project? Well, what can we say? We, the development team, are Romanians. Also, "Leu" [Lion] is the Romanian national currency.

But for you to know why Romania, watch this short movie and you may find the answer!
http://bitleu.org/why-bitleu/

Code: [Select]
<iframe width="560" height="315" src="//www.youtube.com/embed/-dZGDy45ZeI?rel=0" frameborder="0" allowfullscreen></iframe>

devnullius

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of all my coins, this is my most secret one :)

 :-X

Much profit!
More information about bitcoin, altcoin & crypto in general? GO TO  j.gs/7385484/btc

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bitenergi

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of all my coins, this is my most secret one :)
 :-X
Much profit!
Much appreciated! :)

devnullius

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From my personal emails with the developers... Some updates! Some ahead of schedule, announced first here @SCForum  8)

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  The last visit of the BitEnergi Ltd. UK representative in Department of Environment and Natural Resources, Dipolog City, Philippines, brought us good news: The government officials say that the Mahogany tree (Swietenia Macrophylla) is a deregulated tree. That means it does not need any permit for cutting when planted on private lands. It also means that BitEnergi Ltd. UK can act through it's agents to lease lands and plant trees without having to register as a corporation in the Philippines.
    The only requirements are a land title, land lease and registration of the trees with local CENRO (Community, Environment and Natural Resources Office).
    Some fact stated by the official is that there is not enough planting in the Philippines and there are not enough trees to supply the increase demand for processing factories and construction businesses.

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(Me) So you could invest in the 'old' trees immediately too? You mentioned all those 'forests' nobody was allowed to cut down...?

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Those are probably not on private lands and the trees are not having good commercial value, they were left alone to grow the way they wanted. You can find maybe 10-100 mahogany per hectare, while commercial planting is 1100 trees per hectare, much denser.
I am not interested into buying with big money someone's grown up mahogany but plant it from the scratch.

The DENR government employee assured me that there is not enough planting going on as of now, and already not enough trees. In 12 years after planting we might be the ones deciding the prices :) something like 'price setters'. And everything is so simple as long as it is on private land. Just plant, register with local CENRO the trees and when time is coming to harvest, I use the documents provided in order to transport the trees.

To me now everything is over-simplified. I don't need to start a corporation here, which was a big pain in the ass and big money.

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(Me) Great we don't need extra investments for corporate structures, but... What would the legal position of tree owners be now? I thought part of the reason for corporating everything was to add legitimacy to BitEnergi?

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It was not happening now but some more time ago. It just happened that I found out now from the right government agency, DENR.

I will act as an agent for BitEnergi UK here in the Philippines and rent the land in the name of the company, or I will just have a contract with the company. Let me show you the contract, it's attached.
I can also start a business here (not a corporation) and rent land in the name of the business, no problem. I will name the business BitEnergi. I can own a busines here or I will have it together with another big shareholder from Bitenergi UK to secure the trees in case one of us will die or something like that. We will find ways, hehe. No one is securing anything nowadays, people put their hundreds of BTC in exchanges and those can disappear in a second. The trees can be found here and once we have an established business we can be found here locally, there will be a HQ .. secretary answering e-mails.. everything.

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Bitcoin Garden on twitter after following he followed us too he said he is watching us for a long time. He is giving to 'ethnic cryptos' the most chances these days. He agrees it takes a lot of time to make people believe, but these cryptos have the chance to create a community, unlike other coins, which they have a hard time.

Talk to you soon, devvie, thanks a lot for all the support. One day you will own trees on the plantation. I will develop a strong business here in the Philippines.

Contract? Click here :)

They had some publicity too... http://thebitcoinnews.co.uk/2014/05/20/bitleu-eco-sustainable-crypto-currency-brings-value-and-empowers-its-users-through-creating-jobs/ (May 20th 2014)

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BitLeu brings value and empowers its users through creating jobs and developing ecological and renewable energy projects.

In the past 24 hours Bitleu has risen on http://coinmarketcap.com/btl_7.html +249.02 %.
I spoke to 1 of the members behind Bitleu he said they have been focused on the Energi project and not followed up on the coin market rate but was excited to the news but after viewing his project I can see the huge benefits behind the project and the Bitleu coin.

This is seems to be a real opportunity for people I found Bitleu on www.c-cex.com exchange which seems to be a very user friendly platform and with many options to purchase coins even via credit cards.

The Energi project really does give a value to this coin and should not be underestimated the marketplace should jump onto Bitleu while it’s so young in the market.
Bitleu is also on the partner list of www.txtcoinsnow.com the mobile payment gateway due to be launching in July.

BitLeu [BTL] – The New Eco & Renewable Energy Sustainable Crypto Currency

BTL Description
“The first step is to discover a community and build a currency around it rather than building a currency and expecting everyone to show up.” – Chris Ellis

BitLeu is an ASIC and MultiPool resistant coin that uses a unique combination of hashing and mixing functions known as Scrypt Jane.

BitLeu is not just an electronic currency; it is a new and sustainable concept that intends to bring the value of the money back in the pockets of our people, within the country and internationally. Thus, BitLeu is a new open source peer-to-peer crypto currency, owned by citizens and businesses of Romania and their friends worldwide.

The idea behind this concept will be enforced by a Foundation, which will have a named President and Members. The President and leading Members of the Foundation will be incorruptible people with ideals higher than gathering large amounts of money for their own benefits. These people are not affiliated in any way with the actual government and money-thirsty leaders. The chosen president will be a well-known and respected person with a high academic rank.

Everyone should be aware that the whole BitLeu concept is not designed with a mine-and-dump idea in mind. Low block rewards slowly increasing for the first year coupled with the increase of the N-factor will not allow huge farm owners to dump big amounts on exchanges, thus leaving the coin with a very little amount to trade.

We aim to make the BITLEU sustainable, with a strong technical structure and applicable financial strategies to ensure good return to users.

Mahogany Tree Farm – Eco Projects – Powered by Bitleu – Your_ROI_Mahogany_Farm-10ha
The financial crisis and the drop in all major stock markets makes it necessary to invest in safer and non-volatile funds. There is no better path in investments than property and commodities, but unfortunately, this is inaccessible for the average investor, due to high capital requirements. Now, there is one specific commodity, which generates high return: timber, especially mahogany.
The most amazing fact about mahogany timber is that the time your investment matures is amazingly short: only 12 years compared to 25 or 35 years, the norm in life insurance.
BitEnergi UK, in cooperation with BitEnergi Philippines, will give you a great chance to secure your future: Grow your assets naturally! The area proposed for investment is Zamboanga del Norte, Dipolog City in the Republic of the Philippines.

There are few things to point out regarding this location: It has a low natural disaster risk, friendly population and it is one of the safest places to live on the earth. The Mahogany tree, Swietenia Macrophylla, grows here the same as in its natural habitat.

BitEnergi is establishing a legal permanent company in Dipolog City that will work in cooperation with DENR – Department of Environment and Natural Resources. We will employ the best forestry engineers to provide a first-class environment for the development of mahogany plantations.
The trees will be registered in the Tree Registry and in our own database that will contain information regarding the owner, GPS coordinates, date of planting and any important data.
http://bitenergi.com

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The bitenergi tree project can be considered one of the sustainable real life projects brought by the developers of BitLeu to the community, in order to earn the trust and create also community for BitLeu. It is as important as BitLeu project.

Ready to invest?? Own a mahogany tree, be eco friendly, create jobs and make good revenues: go to http://www.rockethub.com/42933


So... What's in your wallet? #kaching!

:)

Devvie
More information about bitcoin, altcoin & crypto in general? GO TO  j.gs/7385484/btc

Cuisvis hominis est errare, nullius nisi insipientis in errore persevare... So why not get the real SCForum employees to help YOUR troubled computer!!! SCF Remote PC Assist http://goo.gl/n1ONa9

 

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