Re: [ANN][ICO] ⚡ Electroneum ⚡ Token Sale Sept 14th Mobile Mining Crypto Coin
Is it worth investing in this ICO?
I am looking for suggestions from experienced members.
I just checked their site.
They sold 1,979,184,971 Electroneum / 1m = which is more than 1,979 million
So if I am not wrong than there total supply could be 1979 million? Still the ICO has time to finish.
The avg price per token is 157 satoshis.
I calculated in this way > If I invest $100 then the btc is coming BTC0.017338 > and I will receive 11000 ETN
BTC0.017338 / 11000 ETN = 0.00000157
So what we can expect the price may go in near future with that much supply?
My above calculation may totally wrong, as I am totally new to ICO.
I hope someone will show right way.
I am looking for suggestions from experienced members.
I just checked their site.
They sold 1,979,184,971 Electroneum / 1m = which is more than 1,979 million
So if I am not wrong than there total supply could be 1979 million? Still the ICO has time to finish.
The avg price per token is 157 satoshis.
I calculated in this way > If I invest $100 then the btc is coming BTC0.017338 > and I will receive 11000 ETN
BTC0.017338 / 11000 ETN = 0.00000157
So what we can expect the price may go in near future with that much supply?
My above calculation may totally wrong, as I am totally new to ICO.
I hope someone will show right way.
There is a reason for such supply ,and this is written in the whitepaper.
Now if it was a coin created buy a single anonimous dev, with just a announcement post and nothing more...then i would abosolutely agree with you , that this coin would have worth 1 satoshi at best...BUT IS IT ABSOLUTELY NOT THAT KIND OF COIN.
This coin have a strong team, a good vision , and will target a large part of people who don't know the crypto world
I would suggest to read the whitepaper , there are a lot of advantages that this coin have..
i would go too long if i post it here. Moreover this things are posted a lot of times in the previous posts
Why so much ? 21billion? this number is the total number of bitcoin, multiplied for 1000 ( 21million x 1000 = 21 billion)
The reason for that is to remove 6 zeros after the digit.... Bitcoin is like 0.00324023....Electroneum will be like 0.23 ....it is easier for the average people to say a pizza costs "20 electroneum" or a biscuit costs " 21 electroneum cent" in price....
than 21832 satoshi or 0.000625313 BTC....
it is more like fiat, and people love, and are used to fiat. With only 2 digits after the dot.
Have a look at the whitepaper and then decide if you want to invest or not, make your own decision...
I personally have invested, and i think this project will be very good, and also will give good profit to those that are here only for profit...But that is my personal opinon , not an investing advice
Also about 100.000 people are registed on their website, and this is only the ico with a beta app that does nothing at the moment.
Imagine when it will go online
Do your math and research , and decide what is best for your investment sir