We must admit: the first thing that got us interested in Exscudo was their “bounty program.” So if you don’t want to read the ins and outs and hear what makes this coin different, just skip to this link and sign up.
(Sidebar: if you are working on an ICO and you want us to know about it, let us know.)
Or maybe if one of the crypto exchanges decided to launch its own currency. (Which…well, I’m not sure how a Poloniex currency would work.)
The core of the Exscudo value proposition is their proprietary technology, called EON, which is touted as a “flexible new generation blockchain technology.”
In any event, they might appear to be taking a really big bite out of the crypto economy – and maybe that’s a good thing, maybe it isn’t.
Here’s a bullet-pointed list of everything they’re planning on doing:
- An exchange platform
- Trading terminals
- Crypto debit card
- Decentralized protected messenger
- A merchant system.
If you’re thinking “that sounds like a lot,” you’re right.
So…how will they pull it off?
Let’s go to the videotape…
All told, this is an extremely audacious project.
They plan on issuing 240,000,000 during the ICO, with 150,720,000 available for sale (the rest will be allocated as detailed here; this is a sensible part of any ICO).
They’ve fixed the price of the coins – EONs – at 0.0002 BTC. Current math, then, tells us the following:
- 1 BTC = $1,200 USD
- 1 EON = $0.24 USD
- ICO raise = $57,600,000
About that bounty…
Again, what really piqued our interest was the bounty program. Here’s where folks – like us, we’re members of this program – can potentially earn tokens. They’ve set aside 1 percent of the overall available for the bounty program – 2,400,000 coins. To earn them, you need to do things like “retweet” (“RT” for the uninitiated) their official tweets about the program, or like their Facebook status, or agree to say nice things about them on Bitcoin Talk.
It remains to be seen how quickly the bounty program will grow; at last writing, tweets were holding steady at around 500 RTs, and they had yet to report what was happening with individual bounty participants.
But we’re patient.
We plan on following this coin throughout its ICO, and beyond. We’ll keep you updated on what we learn.
One last thing…
Anyone else remember the name of Portugal’s pre-Euro currency? Yes, the “Escudo.” Hmmm.