I have been following this with interest to see where this coin goes. Seems like it has gotten to the end of the line now.
Looking on the bittrex trades most of them are trading "dust". The majority of trades are less than $5. It looks like someone is trying to "squeeze" all they can out of this as long as they can.
If this was really backed by gold and I say "if" since I don't believe it is we should all be tripping over each other wanting to buy it and just cash out. Why would anyone in their right mind not want to buy gold at 1/2 price? That makes no sense, the company itself should be buying all of it up themselves since it is literally FREE money.
If someone told you that they are selling USD or EUROs for 1/2 price who would not buy?
Anyways I am not a crypto expert but got involved in this early on when I got emails from somebody...
You are 100% correct and If it was really backed by gold midascoin dev would be crazy not to sell his mom to buy it all up(and the buy back his mom with the gold) , since this doesnt seem to be happening ...
I have to Assume the worst and not buy , I could be missing out on a garanteed dubbelup but i have my doubts.
Also;
Total coins 7.5mln 36 month distribution midaspool doing 50k coins a day so thats 20% in the first month ? blocks are 50 atm so 1000 blocks a day.
the other 35 months will have to be capped below 6 coins per block?
there is something wrong here is it my math or the ann?