My very first ICO. You know what they say. You can never forget your first. This ICO made a lot of sense to me personally. The economics, the maintenance, the ROI & the expertise of the team that will help me manage my mining machines appealed to me. My strategy is to mine & hold litecoin specifically. At least at the moment until new machines comes in the market. Before I knew anything about this ICO (Initial Coin Offering). I've already bought myself two antminer L3+ from Bitmain (Sept batch). It didn't matter that the electricity in my country was hovering around $.20+ kW/h. Something around $150+ monthly to keep ONE antminer L3+ running. The profit was still there. It was enough to cover the electricity & ROI no more than 2 months at the time when I ordered it in June 2017. Plus I live in the third world country where the almighty dollars that I was going to earn was multiplied by 50 & zero tax (cha ching). Litecoin calculator had me making $100 (more or less) daily. Where the minimum wage is $10 here. Let's just say that is not so bad. I can make that work & really stretch it out (read my blog #1 my introduction) to how or why.
After reading Gigawatt's white paper (tune out the noise), reading all the bitcoin talk forum (lots of noise here) & reading anything I can find on the internet about this ICO. I've finally decided that this will benefit me with my ambition to have a small crypto mining farm that is cost effective & somewhat stress free while still being part of the crypto world. Initially I was just going to have them host my two antminers L3+. Then I got digging a lot deeper & saw a few interviews on their CEO (Dave Carlson). He already been mining since 2010 in a massive scale (Megabigpower - Its Mega & Big so that pretty much says it all of the scale),he wants to de-centralize & balance the power in the mining space. Watching & listening to the guy on all the interviews you can already tell that this is a genuinely good guy. He just wants to help guys like me get in the game. So, I decided to get 3520 tokens & added two more antminer L3+ directly from them (one stop shop). It's really a turnkey "blockchain processing facility". I like investing on the leaders as much as the tech or the idea behind it. Without a good leader (team) or visionary to drive the company. The project will most likely fail.
What was your first ICO?
Thanks,
Edison