Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON
by
ikilledcobain
on 25/08/2017, 13:55:51 UTC

that's great news!! Question, let's say I buy 10.000 ART at the ICO. Do I end up with 10.000 coins, or will I get a genesis adress that mines 10.000 coins over the period of 60 years?

You will get a Genesis address that mines 10.000 coins over the period of 60 years.

I can't believe anyone in their right mind would choose an investment that takes 60 years, in a market that's barely 10 years old. if there's no way to buy ART in bulk up front, like any other coin, what's the purpose of investing? Ask yourself, would you rather get 20K ART now, each valued at 1$, or 1ART a day over the next 20.000 days, with no guarantees that ART will even be worth 0.01$ within 1 year?

You make an interesting point, but don't forget that the Dev is planning to have a market to sell genesis addresses. So in essence, you could cash out any time before those 60 years.