Crypto ICo's (ETN)
Hello steemians..!
Am back with sime mind blowing News..
As you all know There was An #ICo Going With the Name Electroneum Shorted (ETN).
What is Ico?
Initial Coin offering also called Initial Public Coin offering is An unregulated means by which funds are raised for a new cryptocurrency venture.
An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the #cryptocurrency is sold to early backers of the project in exchange for legal tender or other #cryptocurrencies, but usually for Bitcoin.
So what About ETN?
ETN ICO started with a big potential..
Lets do some math.
ETN was trading at 0.01$ per since it was started.. for each dollar spent you get 100coins so for example You used
100$ to buy ETN that is 100$x100 coins that add upto 10,000coins..
Now this is where the sweat deal is..
On its Launch 🚀 1st November..
Till date 1 Etn is Worth 0.07$ That is a rise of 60%.
So if you sell your ETN the profit will be 0.07$ x 10000 you get 700$ which is 60% profit of 100$ which you invested..
Woow! That is sick right? Yes Indeed it is..
So in One week since the ico started you would have made extra 600 bucks..
But thats Not it .. Its never too late even if you missed the Coin distribution ylu can buy Now as of writing this post 1 ETN is 0.06$ you could still buy and #hodl.. The price will rise anytime soon..
Follow @Rasmoat and please upvote.. More Tips and Cool staffs coming..
$600 on $100 = + 600% not 60%...however no one who invested in the ICO has received any of their coins with an unsubstantiated report of an attack. It doesn't surprise me since the team behind Electroneum are marketing ppl, spinning a yarn is how they make their money...for investors in the ICO the current state of affairs profit = -100% and with the amount of coins out there and people eager to take a profit I think you would be getting off lightly if that figure rises to 0%
I dint see that coming thanks for the corrections... but the coins you have you can sell to anyone out there on the market
i have done its your turn to my post
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