ChainCoin: HODL for riches? Community drives coin price up, is this the new doge-style community coin?

Something is brewing in the crypto community, and it is called ChainCoin (CHC). At the moment there are several large whales grouped together who have seemingly bought a major share of all this near-death coin in existence, with the intention of long term holding and shooting for the moon. As opposed to a pump & dump group, this group is actively promoting pump & HODLing to increase the price.

The underlying idea is that the community as a whole buys up CHC, holds it for the long term, thus driving up the prices because nobody is selling: Supply vs Demand. There seems to be an ideological element behind the thinking, with the hope of changing the crypto world by proving that it's not the investors or the devs that determine value, but it's the community. I suppose you might say it is in a way similar to Dogecoin which was a community favorite in the past, which surprisingly still has actual value. If this groups succeeds in nurturing community interest in this effort, it could very well be one of the prime examples of the power of the internet and it's communities. After all, the only reason bitcoin has value and another coin has none, is because people believe in it.

The HighonCoins group, which seems to be behind this pump, is calling out for the entire community to rally behind the cause and join the Chaincoin train. They are promising not to sell for a long time, and are shooting as high as $100 a coin. Currently the price is at $0.50 per coin, several hundred percent above the price a couple of days ago. Already the campaign has proven to be massively succesfull in just a few days.

There is the issue of trust of course. If several whales bought up the whole supply, you'd have to really trust them to not dump and crash the market, leaving you as a bagholder. So far, however, the efforts seem to be paying off. There seems to be a lot of momentum in the movement, with more people jumping on the Chaincoin train every minute. Maybe for the promise of riches, maybe for the lolz? All that is required, is that you buy and DO NOT SELL. Just HOLD. The thought is that you'd make a lot more money selling 5% when it is at $100 per coin, than you will when you dump all at a lower price. However, if this is indeed an honest and sincere effort by the whales, we could very well see the crypto community rally behind this and join forces in shooting for the moon (!).

If you are interested in finding more about this new development, you may want to look at:

• https://coinmarketcap.com/currencies/chaincoin/ <-- Current price and chart
• https://www.youtube.com/user/HighOnCoins/videos <-- The HighOnCoins videos and live streams explaining the plan
• www.cryptopia.com <-- Chaincoins are traded here

Should you invest, join in and participate? I don't know. It's HIGH, HIGH, HIGH risk.
At first I thought this to be a money making scheme for sure. Somebody will pump, for sure. But if they are honest, and actually do HODL on for dear life, and we all do the same.... Well, let's just say, I threw $25 at it, just for the lolz and to see where this go. After all, there was a time when I owned 20,000 dogecoins also. So why not ChainCoin? At the most, I'll lose $25.. On the other hand, if we all spend $25, this might actually go somewhere. You know how these things can go on the internet..

What do you all think about this new hype and phenomenon? Do you have additional information about these developments? I am not 'in the know' but watching this from the outside. It would be good to know more!

Of course, I appreciate any upvotes and follows. Also, if you are like me and put some money in it, feel free to Resteem this to spread the word!