This project actually looks good but 40k sat per coin is a LOT regardless of how slow mining is. I'd say 8k-10k would be a lot more reasonable for an initial offering.
Also Bitsend is a reputable site, can anyone confirm that this project is indeed backed by Bitsend?
I'll be watching this thread.
Just did some research. I'm conviced..in fact i just got off the phone with one of their devs. Their phone number is on the website. OK maybe short term the price is pretty high. But they are able to pull this off this coin will go sky high. Seems to me this is the first time a currency is actually backed up by a real company.
Also checked
https://twitter.com/bitsendnl/status/494077779269672960 to confirm it is infact a project by Bitsend. Just invested 1 BTC myself. GL to all investors