i see what this is now.. Anthem Vault, a place where you can buy/sell gold and silver, had a free 100g of gold on hand, and decided to get into the crypto scene, quoted 100 1g pieces of gold for every 100k coins mined as a reward if they hand the coins in.
i don't think them coins would be pushed back onto the market/public, once all 100g is taken up, and in your profile of anthem vault (to trade at their site, or take home?)
Its just a complex Advertisement for the vault site! I don't think they will reissue the coins to the public once all the 100g of gold is taken up. they may make a new coin for some new amount or another metal, but its not for the long term.
Someone Please prove me wrong by showing me something like a white paper to clarify what they are really doing.
aka i'll take it back that its a scam coin, no one is going to lose out on it. its just an.. ad-coin? advertisement crypto currency?
so Mine up kids! mine up till your hearts content, Bask in the glory of the gold! it will only last for a short time!
I think the rest of the questions at this time are moot. You pretty much hit the nail on the head. This is an ad-coin at the moment. Nothing more than a 100gram marketing experiment. Good thing for those of us mining, is we are mining real gold and doing it for less than the gold costs. The other good part is gold is currently undervalued compared to the inflated us dollar.
While this is a very low cost marketing campaign (less than $4k). It's fun to mine and to know you have some gold. I can do an ACH cash out of my vault at any time. The buy and sell process is very easy.
I don't think they will reissue the coins. Though they could, but the value would have to go up a large amount. It may depend on how many coins they buy back. If there are many still floating around it wouldn't be good to try and resale at higher value as they would be backing the gold asset it is tied to. But if they buy them all up, they could easily use it as a preminned gold exchange and then the marketing experiment worked two fold. Advertising and mining of an asset. There is definitely no scam here as they have been open on this being a small marketing campaign back by a small amount of gold.
Just finishing my 2nd 100k coins this week. I also have gold and silver in the vault that I purchased (so marketing worked on me as well).
