ok...for newbies...why this coin is a scam:
1. 50 000 000 coins were 'premined'...means the developers are keeping these coins hoping noobs buy in until the price edges up and they unload their coins at a profit and run (most likely case).
2. They just completely copied 'Ethereum'...wallet and all...no innovation..just flat out replicated it.
3. Only a little over 1 million coins can be mined (so mining will support the price long enough for them to make a few cents per coin...which is a lot when you are talking 50 000 000 coins!!)...and the mining cannot pay for your electricity, let alone even see a return on investment.
4. They did not even bother to get a good English writer to edit their 'website' 'vision' ...the English is horrible...(I suspect they are Chinese scammers...I teach in China, and can tell you for fact that Chinese have no moral qualms about ripping anybody off, in fact they consider that 'smart..they are so stupid...like claiming the South China Sea is their's...they have no common sense at all)...this is speculation, but I know the English mistakes Chiinese make after living here 5 years trying to teach them. There are some 'good' Chinese people, to be fair, but not many..here in China they don't even trust each other..it's dog eat dog (and in many cases, people eat dog..lol).
5. Need I say more?? I've been mining cryptos since 2013...some coins just fail...but this coin was designed to just rip you off...they don't care if it fails..after they take your money, they will vanish so fast it would make Houdini embarrassed.
6. The name: Elementrem'..what the hell is that?? Just use your head....coin names usually have some relation to their purpose..this is just a madeup word by very poor English speakers to sound like 'Ethereum'. Now...get out of this SCAMCOIN and mine something...and whatever you do, do NOT BUY into this coin on C-Cex!! C-Cex should be ashamed of themselves to allow such an obvious scamcoin onto their exchange...maybe they are 'in on the take' (who knows?).
*Public Service Message