The BitPenta ICO is currently going on with the company behind the platform promising to earn investors passive income from mining.
Check their website
With the blockchain, there will often be two options available for a project. One will be a company offering an application or product that runs using the technology available while the other focuses more on companies using the blockchain as an investment opportunity and nothing else.

Bitpenta falls into the second of those options, as this is a company that is seeking to use the technology to build an investment fund to further their own business. Now, there’s nothing wrong with the approach but it does mean that there is a real need to examine what they are offering to determine if this is something that is worthy of you paying more attention to.

What is Bitpenta?

The platform states that they are a platform that allows investors to earn on their money without them being put under any stress at any point. At first, this does sound impressive, and you can see why people would be drawn to it, but let’s delve a bit deeper.

They claim that they have been operating in the stock market and Forex industries for over a decade and that they are fully aware of how to invest in a clever manner to ultimately maximise the return that an investor should receive. They are looking at using the ICO to raise funds to then invest in the mining and trade sector.

The Technical Aspect.

From a technical point of view there’s nothing unusual about what they're planning. You simply purchase the digital currency via the ICO and they take that money and invest it on their platform and seek to make a profit from it. All investors simply complete the transaction with a Smart Contract being created to show the investment and the tokens that they receive in return. This is all done with complete transparency via the decentralized blockchain, and the theory is that people can then receive the return on their investment in a reverse manner.

This is nothing new, and nor is there anything complicated about what they are doing but they do also state that you are able to receive hourly payments thanks to the mining and trades that they complete. This can be activated by the investor whenever they want, but even though it sounds good there are some concerns about the entire method.

Possible Issues with Bitpenta?

There are a number of people that are rather concerned about what Bitpenta is claiming that they are going to be able to do with the investment. .

Also, anybody in the know is aware of the issues connected to Bitcoin mining and that there are a multitude of other opportunities out there that you could invest in that does not come with the same risks. In addition, there are relatively scant details about the people behind it in connection to the blockchain technology, and this may put some people off giving this ICO any attention.

However risky investments such as this have previously shown to earn investors high returns so you should make your own decisions.

The Financial Aspect and the ICO.

For this kind of potential investment, it makes perfect sense to pay close attention to the financial side of things that have been mentioned for the sake of the ICO. The company states that there is a minimum investment of 0.001 BTC. Now, this may not sound like much, but they then make a big play of how there is no top level of investment while stating that this would result in a bigger return on your investment.

They aim to mint 9,000,000 tokens, and during the ICO there will be an exchange rate of 1 ETH equating to 1400 PENTA, which is the name of the digital currency created by the company. Also, there are bonuses up to 32% during the pre-sale and ICO but this is always going to diminish as time goes on.

At this point, there are few other snippets of information such as soft or hard caps so this could also play a role in the way that you approach this potential investment.

Bitpenta ICO Conclusion

While using blockchain technology to raise investment for a project is not exactly new, doing it to carry out Bitcoin mining, this has shown to be risky from previous investment opportunities.
Earning money on an hourly basis sounds good, but the money is so small that you do wonder how long it would take you to get your money back over the long-term.
The platform has however received some positive reviews which shows that many investors believe it to be a legit opportunity.
Website: Bitpenta
Whitepaper: https://bitpenta.com/whitepaper-bitpenta.pdf

Check out my previous reviews:
https://steemit.com/crypto/@dan90/bitrewards-ico-review
https://steemit.com/crypto/@dan90/otppay-ico-review
https://steemit.com/crypto/@dan90/xmoneta-ico-review-messaging-app-on-the-blockchain