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by gus_massa
4488 days ago
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From: http://auroracoin.org/ > Auroracoin is a cryptocurrency for Iceland. It is based on litecoin and is 50% premined. The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014. From http://coinmarketcap.com/mineable-all.html > Price: $ 17.31 > Total Supply: 10,594,451 AUR If we discount the 10,500,000 premined coins, we get only 94,451 "wild" coins, increasing slowly until March 25th. In the "best" case, the circulating coins well increase x112. A less successful hand out to a 10% of the population will increase it only x12. With a 1% it increases x2. I expect a big drop in the value, approximately 112-fold, 12-fold or 2-fold according to how successful the hand out is. And that's the optimistic scenario, because now it has a very small market and it's easy to manipulate the price. |
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