You are viewing a single comment's thread from:
RE: Status ICO is showing Eth Weakness (links to data)
Sorry I'm in my 70s and I don't want to sound foolish. But can I ask what is this Status ico thing for Ethereum? I have some Ethereum but is this going to effect it somehow?
Thanks for reading my posts and glad you are part of the Steemit community. Tell you friends because we need some more people your age sharing life experiences, knowledge, talents, etc
But to your question, your Ethereum are completely fine. The Status ico is a new company that is using the Ethereum network and the ico just means they are selling new coins in their company. More and more there are companies coming out using Ethereum as their base so this give the Ethereum more strength and viability for growth.
Hope this helps and feel free to ask any questions you like.
Cheers
I answered 10 questions about the Status ICO trying to explain what it is if you are interested in reading about it. @incomemonthly hope you don't mind me 'promoting' my own post.