With so much focus on Ethereum as of late, it only makes sense to see the first types of investment programs pop up as well. BnkToTheFuture, a platform well-known for its investment opportunities in promising concepts and companies, has relaunched their Ether Mining Backed Security earlier today. Only time will tell what this project will do for the future of Ether, but the main goal is to keep mining a lot of ETH and distribute them to investors in the form of dividends.
Also read: Bitcoin Exchange Coincheck Brings Ethereum To Japan
BnkToTheFuture Relaunches EMBS
Ethereum has been captivating audiences all over the world, and all of this attention on Ether has not gone by unnoticed in the investment industry either. BnkToTheFuture prides itself on bringing digital currency-related investment opportunities to people all over the world, and most of their projects revolve around Bitcoin.
But that situation has come to change, as the relaunched Ether Mining Backed Security [EMBS] will undoubtedly attract a lot of attention from investors as well. Keeping in mind how Ethereum has surpassed the US$1.1 billion market cap in recent times, the time seems right for BnkToTheFuture to focus part of their attention in this particular digital currency.
In its first iteration, EMBS was launched late last year and did not meet expectations. Not because there was anything wrong with the concept itself, mind you, but simply because most investors deemed EMBS ahead of its time, although it was quite profitable in the end for those who decided to take the risk, as there has been a 1,200% price growth ever since that date.
Although it is difficult to predict where the Ethereum price will go from here, the US$10 mark seems to be a pivot zone right now. Depending on who you ask the question to, Ethereum will either go to the moon or burn to the ground. However, the investment opportunity is there, and BnkToTheFuture wants to capitalize on it.
The way this EMBS investment works is as follows: dividends are paid out every day for as long as mining Ethereum is profitable. Eighty percent of all Ether mined will be distributed to the investors, and if the mining process would become unprofitable, an automatic switch to the highest valued X11-based digital currency will occur. Investors will be able to set their payout preference in Ether, Bitcoin, or any of the other support digital currencies. The first dividend will be paid out within the first 48 hours of investing after the project has been launched.
For those people interested in investing in this project, the minimum pledge is EUR 895 – for non-voting rights – and EUR 4,476 for right to vote. A total of EUR 447,588 needs to be raised to sell all of the shares, although the minimum investment goal for this campaign was set at EUR 8,952. That goal has been surpassed by quite a margin already, and there are eight days left on the campaign.
Source: BnkToTheFuture
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