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RE: Are you mining KOIN? (UPDATED - WARNING!)

in LeoFinance4 years ago

I started mining shortly after it launched with roughly 20 - 30 MH/s. I've stopped now though because the rewards dropped ~10x to the point where it's not really worth it.

I have, however, been buying up KOIN on Uniswap and adding liquidity to the pool. From a risk/reward standpoint I think it's definitely worth some investment. At the current $0.03 price, once the mining period is done it will put the market cap at around $3M, which is tiny.

This is a strong team and what they're building is unique and potentially very powerful and I'm confident they will launch a solid product. If they manage to get any sort of attention / usage I think it could easily go to a $30M market cap which is still tiny for the crypto space.

That's the kind of bet I like to take.