I am new to EmberCoin and it took me some days to realize how this project work
I think this project can be huge! I called it "Bitconnect on the Blockchain, on 'speed'" and I will do it again, after thinking about the potential of this project for days.
Why you should get in now and the upcoming fork.
These informations took me a long time to dig up, and I serve them here for free to you, so if you can upvote, please do it.
First of all the 600% pr month stacking reward is only until 1. of november. As I understand it, then there will be a fork, where masternodes are introduced and the stacking reward is "only" 60% pr month. That is a similar rate to the Bitconnect loans (they are around 40% pr month), but the difference is that Bitconnect hold the keys to your tokens, whereas in EmberCoin, YOU hold the keys.
So basically the people that buy now and get the huge stacking reward, have the potential to become masternodes (the amount for making a masternode is not decided yet), that is why you should buy now and not wait!
The comparison with Bitconnect, is only on the rewards not the whole model.
Bitconnect have referral links and about the same rewards structure on their lending model, but Bitconnect is not on the blockchain, other then a coin, but the loans are not on the blockchain. Whereas in EmberCoin everything is on the blockchain, so if people are willing to buy it, it has value.
Predictions of the price and concerns about high supply of coins
I have heard many predictions. One of the realistic ones are 20 satoshi within 6 months. Its realistic, although I think it would be much more. I have stated 1000x in two months, that might be too optimistic, but not unrealistic in the long run.
There will be burned some coins in the hardfork, from wallets that are not online, because of several reasons. It makes sense that the people active in the rebirth of this project, are the ones who have the coins and not old bag holders that left the project in the past.
I have been thinking hard about if the high supply of coins would keep the price down forever, but actually I think it will not. Its all demand and supply and 60% pr month (after the hard fork) is a lot, but the demand could easily be higher, because of the very interesting incentive model (you have to mature coins for 10 hours before earning stacking rewards, by holding for days after that, depending on the amounts of coins you have).
Here are some more info in a video from an EmberCoin holder:
Sounds like an interesting project with great potential.Thanks for the head ups will definitely be looking into it.
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This is really cool coin. waiting for it to become masternode and boom like anything. Strongly Staking it.
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Your post is all about the staking, which is simply the token distribution model. What is the use case for this coin? What is it for? What does it do?
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It will exit a lot of people from the "matrix". I might be more specific in the future and make meme, but I am reallly busy now, as you can see from my other post about my situation.
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I think I'll give it a miss. Sounds like the usual pump and dump and with that kind of inflation rate you'll be lucky to make your investment back, let alone a profit.
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No one know what will happen, but I think it could be the new "Bitconnect on the blockchain".
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Well as bitconnect seems to be a sure fire way to lose money, even if it is legit, I'll be staying away.
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Lets talk about it after 1. nov and/or in the beg of the new year.
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Nice post. Resteemed.
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you didnt resteem, cheater!
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I did resteemed your post, check my blog, here is the proof, ,
I don't cheat, I hope you can remove the downvote.
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I must have missed it, sorry... I removed the flag and upvote... I appoligies..
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No problem, thank you.
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I just bought a few million of these yesterday and today, once I figure out how to set up the wallet, I will start staking!
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Please follow me and do upvode back
Thank you🙄
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