eBTC
The New (ERC20)
Bitcoin
Symbol: EBTC
Website: https://www.ebtc.io
Twitter: eBTC
https://twitter.com/ebtctoken?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.reddit.com%2Fr%2FeBTC%2F
AirDrop (There was no ICO) competed on October 1st
Decimals: 8
Supply: 21,000,000
Currently Trading on: EtherDelta
https://etherdelta.com/
How to guide for people new to EtherDelta
Bitcoin on the Ethereum Network?
This new coin is touting itself as the new evolution of cryptocurrency giants!
Let’s take a look at how the strengths of BTC and ETH and how they can potentially mesh into what might be the perfect coin on the blockchain. eBTC comes out of the gate faster, cheaper, and ready for smart contracts. Currently there is a need for Bitcoin to exist on the Ethereum network.
Currently as of writing, it sits at .0002 satoshi up 6456% in less than one week. Why all of the excitement for the potential of this coin? Because a cheaper, faster, smarter Bitcoin sounds really sexy!
Now that we got all of reasons for the Hype out of the way, let’s come to reality for a quick second. There are quite a bit of unknown and unplanned development pieces that are missing for this project. It is currently at best a highly speculative investment.
You are definitely running the risk of promises without delivery.
There is currently a high chance that this coin has no real development power behind it and will be worthless in due time.
Currently the developer is working with a marketing firm to get this token listed on exchanges (as of the time of writing EtherDelta is the only exchange that is currently offering it) and it is rumored that Shapeshift may bring the coin to their exchange shortly.
The Development team at time of writing is rumored to be a one man band operation and no one knows much about the developmer other than they go by the handle Satoshi21.
The website is barren and whitepaperless, however at this moment the whitepaper is being written. If you fancy yourself the ICO type, purchasing these coins on EtherDelta is truly the ICO.
For more prudent investors, we will see them enter the fray once this token is listed on major exchanges.
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