The ERM is targeting to be the source for goods or services. As a manufacturer, ERM will supply goods as needed. The current on-going project that ERM has contacted with local manufacturers includes handicrafts, copras (dried coconut kernels, from which oil is obtained) coffee beans, noodle comb / rollers / mixers service and more.
ERM as a ManufacturerThe ERM team will make supplies available for sale. This will particularly distinguish us from all other cryptocoins, since ERM will acquire real stores. The 1st priority ERM targets at is to nourish and establish the coin value by setting up not only profit generating assets through investment, but also real goods to generate HIGH profits. For this, the team plans to build a low cost industry but yielding high profits (this should differ from gambling or anything similar). Depending on the availability of funds, we will join the lathe industry by funding a noddle comb / roller /mixer manufacturing shop. This will assure us a very high profit (aka, low capital yet high returns; we're excited about this whole project ourselves). We already have skilled and knowledgeable people lined up ready to make this happen. We also contacted a person who can help ERM to establish it's own bag making craft using straws, accessory making using beads and other craft using the same content.
ERMIS is ready to craft this:
ERM as a ManagerERM will also create another source of revenues by establishing managing agencies, which is a "low cost high profit" industry. With this idea ERM plan to establish an EVENT Managing Agency. One of Ermis team member knows well about this industry, she has more than 5 years of experience as an event organizer doing all kind of work in relation to the task.
Sample events:
Proof of InvestmentWe have a few above mentioned planned goals to increase our revenues. What do IPO buyers benefit from these? All ERM IPO buyers will automatically become share holders as long as they keep their coins. Share holders will receive a percentage of revenue from our investment. We will issue shares from time to time to IPO holders. Shares are calculated according to Proof of Investment (PoI), aka, the percentage of the amount of the coins someone buys during the IPO stage. This distinguishes ERM and makes it standing out from all other coins: IPO holders earns a long-term profits from Ermis.
Benefits of IPO investors- 30% on the cloudmining payout (lifetime)
- 10% profit sharing from the revenue generated by ERM funded business entity
- the initial chance to sell ERM according to the price they see fits
- the privilege of acquiring ERM coins as coin holder
Benefits of Coin Holders- 50% on the cloudmining payout will be placed as buy support.
- 10% profit sharing from the revenue generated by ERM funded business entity will be used as buy support.
- Bought coin will then be distributed to the coin holder according to the equivalent % of their holdings to the total coins.
Mission of the ERM teamOur mission is to establish strong and profitable businesses in order to support and strengthen the coin value, and in the meantime give back a portion of the revenue to the community including IPO holders, and also to support the coin development. A schematic of the overall ERM organization is shown below.
How does the PoI work?1) Mandy purchased 1 BTC worth of ERM
2) Provided that total IPO revenue is 100 BTC, Mandy has 1% shares
3) Mandy will receive 1% ERM IPO coins
4) Mandy automatically becomes a share holder (1%) and she will receive benefits as long as she keeps her coins in her wallet; if Mandy sells her coins, she will no longer be a share holder
IPO details1) IPO will be escrowed by Bitcointalk Hero Member: Dabs
2) IPO will last 30 days start october 15
3) Wallet will be ready after IPO ends
4) Coins will be distributed within 24 -72 hours after IPO ends
5) All sales done are final and non-refundable
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512
The escrow addresses for this contract are:
1ermisQT5jxMfgbvJx6axHbDKQCSVHEA2
for ERMIS Coin Investors (ICO)
Please state and agree to the conditions (if item is received
damaged, item lost with tracking, customs fee etc) beforehand.
If possible, GPG sign your agreement to prevent any
discrepancies later on and please ship with tracking to prevent
problems during delivery. GPG signing is not a requirement, and
any verbal exchange in the form of private messages or posts on
bitcointalk.org, or email is effective as a statement of
condition.
This Contract is solely generated for the purpose of
facilitating the transaction between the seller and the buyer,
which refers to the pseudonyms used on bitcointalk.org.
The escrow holder, Dabs, assumes and gives no liability or
guarantees on the satisfaction of all parties involved, although
he agrees to mediate and facilitate the deal to the fullest
extent he is capable of. On the event that any problems arises,
he will release the escrow to whichever party that presents him
with the most convincing proof and/or after an open discussion
with others.
The verbal acceptance by both parties (or the failure to reject)
and the sending of Bitcoins to the escrow address above
constitutes the acceptance of the terms and conditions stated,
and the activation of this Contract.
Please understand that I am assuming the risk of holding the
escrowed Bitcoins, and I am using my own time to facilitate this
transaction.
Thank you.
My standard fee is 1%~2% of the BTC amount (minimum of 0.03 BTC)
and this will be deducted from the BTC at the escrow address at
the time of releasing the coins.
Dabs
2014-10-10 (2014 October 10)
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- 100% pure PoS
- 10 millions ERM for IPO sell
- Max total coins : 20 millions
- Minimum stake coin age: 2 hours
- Maximum stake coin age: (dynamic) 30 days
- Block time: 1 min
- Block hash: SHA256
- Maturity: 100
- Stake percentage: (dynamic) 10%
- Projects development (Shops,services, revenue generators)
- Wallet development (features to be implanted)
- Coin development (working on the latest securing methods)
- Marketing Development ( Social networks, paid advertising's)
- Be a re-seller of whatever mining machine we are using
- Fund our ERM profit generating businesses
- Offer multiple service to create a constant revenue ( Loan system, Image Hosting website, Remittance and more to come)
- Launch a unique platform for the shareholders to market their initial IPO share. (The share from the 30% btc payout)
Team: Coming Soon
POD : Coming Soon
Main IdeaThe main idea behind this coin is to provide a winning situation for all of the holders. Most of the coins out there are mostly created to be pumped and eventually dumped but we are here to take the cryptocurrency world to another level. We have decided to make it more than a simple currency by making this coin a real revenue coin.
While we provide many sources of revenues and more solid features along the way, you will notice the difference between ErmisCoin and all the other cryptocoins. People are not going to be holding ErmisCoin simply to catch a pump and dump wave, but they will be holding it with the potential of sharing revenues which will be constantly growing as Ermis network grows.
ErmisCoin is created as a revenue generating company. With every company the start is always a bit hard but please bear with us and we will show you how powerful our system is made to be!
Q: What do you actually have built by now?
We already have the people to manage the project if funds comes in. The codes for the coin and wallet (since we have our own Coin Developer)
Q: Do you have *some* examples for the ERM business network?? This mostly sounds as wishful thinking rather than an accomplished fact?
Well it seems it is a wishful thinking but please consider these facts...
Reseller
>> Becoming a reseller is easy and finding people to do this is easier. Two members of the team are involved in the marketing industry for more than a decade. The contacts they have really help to establish this idea. Resale centers and stockist (=a retailer that stocks goods of a particular type for sale) of a certain MLM company already agreed to support ERMIS.
Supplier
>> About this idea, if ERMIS can manufacture goods, they can become a supplier themselves.
As previously mentioned, we already have skilled people just waiting for the funds to come in and start the business. In manufacturing, as in being supplier of Copra (=coconut kernel used to make oil), the Philippines are an agricultural country. One of the team members and his relatives live in a place where coconut trees grow, and copra is one of the usages for coconuts.
Manufacturer
>> Here we aim to create a handicraft manufacturing company, and a lathe workshop. The lathe shop will be managed by one of the team members. He will be aiming to produce noodle comb, rollers and mixers. While the handicraft manufacturing will be handled by a 3rd person who is skilled with crafting using straws and beads, we even have plan to give this as livelihood program to the community and have our person teaching them and giving them materials and buying it from them and then eventually selling if for them to the market. This strategy helps people and gives ERMIS more (labor wise, it will be cheap).
Manager
>> the person who will manage this will be in Indonesia. She is a professional event organizer with more than 5 years of experience in this. Some of her previous experiences are organizing wedding events, meetings, assemblies etc.
With events like wedding ceremonies, there is a dowry. If ERMIS can provide them with items like fabric, wood carvings and craft that are used as a gift to the couple it will give ERMIS additional profit. I can say pictures there are not just in display but part of the connections on what ERMIS wants to do.
To summarize...
>> So yes we have some examples since we were previously involved in an MLM company. We know people and get them involved with ERMIS.
We are yet to reveal their identity for the time isn't right yet. We have stockist and centers of supplements who are willing to take part in the project, an event organizer professional who is residing at Indonesia and agreed to manage ERMIS Event Managing Agency of course with the assistance of our two indonesian team members Alif and Wakhid.
Becoming resellers is easy. If ERMIS can manufacture goods, ERMIS can be a wholesaler itself. A skilled crafts manufacturer agreed to work with ERMIS.
Q: Are your wholesale plans overly ambitious? I find it hard to see this happen? How do you imagine this? Got any examples / plans on how to achieve deals with them, the wholesale industry?
This is one of the goals, but it is mostly possible
We have internet; by setting a website platform for trading and orders this isnt that hard
Q: Will the hashrate cloudmining be fixed hash? Eg. 1GHs for life, and 30% of that?
That is in proportion to the total payout of the cloud mining, about the hashrate we do intend to add more hashrate on the cloud mining if possible, we created an approach to enable this.
Q: IPO payments are non refundable. So... What do ICO investors get after the launch, besides "just" an altcoin with "some" coins? Which value will be there from the beginning, besides plans and crypto?
We have terms with the escrow where if we failed to launch the coin, investment will be refunded, and if we are successful after 48 hours we will get the fund and start working for the coin establishment. We are also discussing about the possible refund even after the coin is distributed, that is when the investors wanted to exit, though terms and conditions are yet to be finalized.
ICO investors will have an exchange ready for trading. Real skilled people and a dedicated team working behind the coin. Not mentioning the cloud mining that will be up as soon as possible after the team gets the funds for it...
Q: I really think 1 month (3 weeks now) is too short a time to get a real wave of investments... I like your plans, the financial system looks well thought out to prevent dumping but it might be too short a time to convince people of the added value besides the plans?
About the length of IPO it will be discussed if it needs to be extended.
Whois information for ermiscoin.com:
Whois Record ( last updated on 2014-10-25 )
Domains - cheap, easy, and secure at NameSilo.com
http://www.namesilo.com
Domain Name: ermiscoin.com
Created On: 2014-09-21
Expiration Date: 2015-09-21
Name Server: DNS1.GRIDHOSTER.COM
Name Server: DNS2.GRIDHOSTER.COM
Registrant Name: Nelson Valer
Registrant Street1: Sydney
Registrant City: Sydney
Registrant State/Province: New South Wales
Registrant Postal Code: 2000
Registrant Country: AU
Registrant Phone: +61 61430533040
Registrant Email: n3lz0n gmailSo... What do I think???
First of: I do like the concept. Craftswork, cloud mining, non-dumping incentives. I see added value here. But a lot of work still has to be done! There has to be an exchange and there have to be funds to start buying goods and services.
I do *not* like the fact that there is no website up! Taking a website down while the new one is not ready, doesn't sound good. Especially surprising seen the fact how fast they respond and interact on any questions one has.
I do have a copy of a drivers license. Seems legit
Though I would have no idea if one could actually do something if the team decides to run off with all funds. They are Indonesian based and Indonesia is a BIG country with a lot of poverty. It's also a country where you can 'buy' labor cheaply: which is good to add value while dealing with Western markets.
So I'm a bit conflicted here... Slow progress on the [ann], not much ICO investments received. BUT there is an escrow service so at least you should get coins at launch. And there's nothing special about the coins unless the well-thought out plans actually get carried out!
Seeing a working exchange would take me over the top and I'd take out up to 0.5 BTC to invest (I'm a small-small time investor). With current status quo in products to show for, I'd go up to 0.1 BTC investment. I see it as a long shot that actually could catch on - all depending on the local trading and deals they can make. If you ask a manufacturer if they will support you, they will always say yes: if something can be sold, why wouldn't they? So ERMIS team really should have quality connections that have a proven track record from previous dealings with them. They assure us this is the case. I'm willing to believe them ;-) If only because ICO investors truly get a good long-term deal when ERMIS succeeds with bonuses that won't come by after the launch... Greed is good they say... I don't know about that, but it sure does motivate
Devvie
Total Members: 14197
Topic: ICO #ERMIS ($ERM) | Merchant Coin | Proof of Investment | LIFETIME SHARES income (Read 13884 times)
