What is XMIN and which is it's use and finality? Does any exchange support this airdrop? This link doesn't provide such information.
According the the chronobank site, 60 XMIN is equal to 1 TIME. -
https://coinmarketcap.com/currencies/chronobank/1 TIME is trading at around $14.42 (as of this post).
Therefore, 1 XMIN is worth around $0.24.
So for every 20 XEM you deposit in their mint wallet, you are airdropped 1 XMIN. i.e. $7.60 of XEM to receive free $0.24.
They are asking you to put XEM into their wallet, but some questions arise:
- How secure is the mint wallet, what is the likelihood that your XEM could be taken, and it could be a scam.
- How can these XMIN tokens be traded, they're not listed on CMC or any exchanges?
- Can the XEM be removed from the mint wallet once the airdrop has been done
This sounds a bit fishy to me, I personally would be hesitant to do this until I know more information. Free money sounds too good to be true, what's in it for them?
I totally share your thoughts. Free money is sometimes to good to be true, but airdrops are quite common these days.
I would support the project and like the idea if the airdrop would begin to any XEM holder and not just those who are using their wallet.
XMIN therefore would be a Mosaic ? or will it be a ERC20 token?.
I don't think big bag holder will participate and move their coin into a wallet not officially declared secure by the foundation