Re: [ANN][EMC] Eloncoin - Mars, here we come!! 🚀 - POS Energy Efficient.
Been a long, long time since I did POS coins, guys. There was a time I was having all these wallets open on my computer, at first making quite decent income from reselling back into BTC, but eventually when POS madness got crazy, not even high interest earning could counter the 99% price drop.
Tempted to see how far this goes as I do like lightlord and am a Bitvest supporter:P
Most of PoS coins out there are trash, no doubt, because of their supply model and specially without any real adoption. I had staked one coin few years ago and the output was too bad, I had incurred a good loss.Tempted to see how far this goes as I do like lightlord and am a Bitvest supporter:P
However, ElonCoin is also same PoS coin and I'm staking this one too. Have purchased some good amount and getting some good rewards. Don't know where this coin will be landed too (lightlord is leading to MARS
). The block reward is supposed to be 500 EMC per coin after 2/3 years if I'm correct and after than, we may see some good pump. Let's hold and wait.I stakes something like 10 coins on my own wallet, and then maybe 20 or 30 more on POScoin site (forgot the actual name but you could just stake on their pools and earn a share of it). Like I said, the income initially was good but when altcoin season busted, I basically lost everything (because of price drop).
2 to 3 years? I can wait, but not sure if memecoins will still be popular in 2024;) Let us find out!