Envion

World’s Most Profitable Standard of Self-Expanding Crypto Infrastructure

About Envion

Envion designs, builds, maintains, and operates automated, low-maintenance, mobile crypto-mining units. Envion’s Mobile Mining Units (MMUs) are modular, scalable, and manage a variety of electricity sources in varying climate conditions. Built in a 20ft standard intermodal container, they have a proprietary cooling system and an intake of more than 100 KW (depending on configuration). Envion’s Unified Mining Cloud (UMC) manages MMU operations worldwide, finding the optimal mining strategy depending on the traded price of the cryptocurrency, mining difficulty, real-time energy price at the location, hardware generation, and other factors. The company is also developing a Smart Energy Sourcing (SES) database, for identifying and securing locations with low energy prices, based on price structures, feed-in tariffs for renewables, grid fees, taxes, etc.

Check out this review for further considerations and criticism.

Token Sale Use of Blockchain

Product

3.4
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

5.0
N/A
5 - Highly specialized, proprietary.

Product

“Our mobile mining units will be distributed to power plants and businesses with spare capacities around the world, ensuring a truly decentralized cryptomining infrastructure.” Mobile mining units can be a cool addition to any utility plant or business with spare capacity (or they can be considered inferior to well-placed stationary ones operating full-time). The MMUs can also provide heat to offset costs during the cold season. The company says that field testing is currently underway, and invites viewers to check out the first operating Mobile Mining Unit in action via a link to the mining dashboard (https://www.envion.org/en/mobile-mining-unit/). Real feasibility, cost-effectiveness, and functionality not clear yet.

Product Whitepaper

Use of Blockchain

2.4
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

1.0
N/A
1 - Essentially centralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Use of Blockchain

Mobile mining units are an innovative addition to the ecosystem (but it is not certain that Envion’s solution is as feasible or cost-effective as they claim). The company also touts a patented cooling system 40 times more efficient than traditional data centers (?). However, mining operations are essentially centralized, owned and managed by Envion (or licensed third parties?). Tokens entitle holders to dividends from earnings and to certain, unspecified, voting rights on matters of strategy.

Use of Blockchain Roadmap

Whitepaper

3.6
Whitepaper
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

3.0
N/A
3 - More information required.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

Extensive, comprehensive, clear, detailed. Provides a walkthrough of the token, market analysis, business plan, hardware and software architecures, including mobility, automation, operation, usage, monitoring and maintenance, communications and security, optimization, etc. However, gets highly technical and/or difficult to verify. Company structure and history is minimal and vague. Also missing is a comparison to other solutions and substantiation of some claims (regarding cooling tech, cost-effectiveness of solution, etc.).

Whitepaper Compliance

Roadmap

2.8
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

2.0
N/A
2 - Vague, noncommittal.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

The company intends to increase efficiency and detect pockets of low-cost energy worldwide; to explore the possibility of using MMUs with renewable energy sources at overcapacity; to integrate the MMU system into smart grids; and to transform MMU technology into a datacenter technology with broader applications. Envion has started an R&D cooperation with the German Fraunhofer Institute for Solar Energy Systems, assessing to what extent overcapacities of solar grids can be used for MMUs, and to analyze the economic viability of relocation of MMUs. In order to make the EVN available to the general public, the company also intends to enter regulatory processes with financial authorities in various jurisdictions, primarily Switzerland, the US, and potentially the European Union.

Roadmap Company and Team

Compliance

3.8
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

4.0
N/A
4 - Not as such, or compliance is assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

5.0
N/A
5 - Professional, audited.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.

Compliance

EVN tokens grant their holders rights to the earnings of the mining operation (75% payed out weekly and 25% reinvested), 35% of the company’s earnings from third-parties using its units, and voting and veto rights in strategic decisions. Public sale set for Dec 15 – Jan 14 but extended to continue until Ethereum block 4917092 is reached. Token is recognized as a security. The offering is open to the global public but restrictions apply for residents of Germany and US-based investors. SEC safe harbour verification applied to ICO. Right after the ICO, Envion will begin preparing a prospectus, register with the SEC and apply for a listing as a security token on regulated exchanges.

Compliance Token Sale

Company and Team

2.0
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

2.0
N/A
2 - Fragmented or inconclusive.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

1.0
N/A
1 - Severely skewed.

Company and Team

Envion is a Swiss-based startup from Berlin, Germany. 15 employees listed on LinkedIn. While the listed team members and advisors appear to be qualified and experienced in their fields, these fields are mostly either business or software (inc. blockchain) related, so it is not clear where the hardware know-how comes from.

Company and Team Product

Token Sale

3.4
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

3.0
N/A
3 - Justifiable.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.

Token Sale

Maximum token supply is 150 million with a nominal price of $1. Token distribution: 83% – investors, 10% – founders, company – 7% (e.g. for remuneration of advisors, bounty). Any tokens not allocated to investors, founders or the company shall not be created. Use of proceeds: 91% – Investment in Mobile Mining Units (MMUs), 9% – Research & Development and Administration. (Investment per MMU is estimated to be between $100K and $150K). If ICO raises less than $7m, Envion will focus on third-party business.

Product

“Our mobile mining units will be distributed to power plants and businesses with spare capacities around the world, ensuring a truly decentralized cryptomining infrastructure.” Mobile mining units can be a cool addition to any utility plant or business with spare capacity (or they can be considered inferior to well-placed stationary ones operating full-time). The MMUs can also provide heat to offset costs during the cold season. The company says that field testing is currently underway, and invites viewers to check out the first operating Mobile Mining Unit in action via a link to the mining dashboard (https://www.envion.org/en/mobile-mining-unit/). Real feasibility, cost-effectiveness, and functionality not clear yet.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

5.0
N/A
5 - Highly specialized, proprietary.
Product Score:
3.4

Use of Blockchain

Mobile mining units are an innovative addition to the ecosystem (but it is not certain that Envion’s solution is as feasible or cost-effective as they claim). The company also touts a patented cooling system 40 times more efficient than traditional data centers (?). However, mining operations are essentially centralized, owned and managed by Envion (or licensed third parties?). Tokens entitle holders to dividends from earnings and to certain, unspecified, voting rights on matters of strategy.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

1.0
N/A
1 - Essentially centralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
2.4

Whitepaper

Extensive, comprehensive, clear, detailed. Provides a walkthrough of the token, market analysis, business plan, hardware and software architecures, including mobility, automation, operation, usage, monitoring and maintenance, communications and security, optimization, etc. However, gets highly technical and/or difficult to verify. Company structure and history is minimal and vague. Also missing is a comparison to other solutions and substantiation of some claims (regarding cooling tech, cost-effectiveness of solution, etc.).

Category Breakdown
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

3.0
N/A
3 - More information required.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
3.6

Roadmap

The company intends to increase efficiency and detect pockets of low-cost energy worldwide; to explore the possibility of using MMUs with renewable energy sources at overcapacity; to integrate the MMU system into smart grids; and to transform MMU technology into a datacenter technology with broader applications. Envion has started an R&D cooperation with the German Fraunhofer Institute for Solar Energy Systems, assessing to what extent overcapacities of solar grids can be used for MMUs, and to analyze the economic viability of relocation of MMUs. In order to make the EVN available to the general public, the company also intends to enter regulatory processes with financial authorities in various jurisdictions, primarily Switzerland, the US, and potentially the European Union.

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

2.0
N/A
2 - Vague, noncommittal.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.8

Compliance

EVN tokens grant their holders rights to the earnings of the mining operation (75% payed out weekly and 25% reinvested), 35% of the company’s earnings from third-parties using its units, and voting and veto rights in strategic decisions. Public sale set for Dec 15 – Jan 14 but extended to continue until Ethereum block 4917092 is reached. Token is recognized as a security. The offering is open to the global public but restrictions apply for residents of Germany and US-based investors. SEC safe harbour verification applied to ICO. Right after the ICO, Envion will begin preparing a prospectus, register with the SEC and apply for a listing as a security token on regulated exchanges.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

4.0
N/A
4 - Not as such, or compliance is assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

5.0
N/A
5 - Professional, audited.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.
Compliance Score:
3.8

Company and Team

Envion is a Swiss-based startup from Berlin, Germany. 15 employees listed on LinkedIn. While the listed team members and advisors appear to be qualified and experienced in their fields, these fields are mostly either business or software (inc. blockchain) related, so it is not clear where the hardware know-how comes from.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

2.0
N/A
2 - Fragmented or inconclusive.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

1.0
N/A
1 - Severely skewed.
Company and Team Score:
2.0

Token Sale

Maximum token supply is 150 million with a nominal price of $1. Token distribution: 83% – investors, 10% – founders, company – 7% (e.g. for remuneration of advisors, bounty). Any tokens not allocated to investors, founders or the company shall not be created. Use of proceeds: 91% – Investment in Mobile Mining Units (MMUs), 9% – Research & Development and Administration. (Investment per MMU is estimated to be between $100K and $150K). If ICO raises less than $7m, Envion will focus on third-party business.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

3.0
N/A
3 - Justifiable.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.
Token Sale Score:
3.4

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