Can't forget that around May 12th the coin was still rising and hit 10 cents. Not sure but it appeared the early adopters that we needed to hold to make this work didn't. They made money and moved on causing a steep decline quick. We won't know if the lock was necessary until we recover. On the other hand every single person is valuable that's involved in this coin. If we lost a big percent of supporters due to the lock then maybe that wasn't worth it either
Good point grandpa. For my partner and I the lock was the most attractive feature of this coin. There is a dramatic gain after mining and waiting the first 12 months. Past that we will re-lock for another 12 months and then watch that double.
Putting this into perspective if you mine 2 blocks that gets you 100 coins. At the current rate when they unlock in 12 months you then have roughly 278 coins. Now just re-lock those 278 coins for 12 months and you end up with around 550 coins. When you look at going from mining 100 coins to 24 months later having 550 coins that is an enormous gain in my book. It's well worth the time and patience to wait on the unlocking because the payout is so excellent.
I plan on mining this coin as fast as I can and then relocking everything I mine for another year. Past that I am trying to buy the coin and lock it as fast as I can but that has proven nearly impossible with it only being available at YoBit and them not being able to be dependable for purchasing the coin and then sending it to a wallet for locking.
I am willing to help market and promote the coin but first it needs to be readily available to buy and transfer on a trusted exchange.
In terms of it hitting 10 cents a while back I am convinced it will go many many times beyond that value and I am willing to bet my investment on that hunch...