SHORT SUMMARY OF eBTC, WHAT SHOULD YOU DO?
One of the biggest topics people are now talking about it eBTC and this is my take. eBTC is an ERC20 Token which was fairly distributed to the community via airdrop by Satoshi21. It is claimed to replace BTC because of its speed, cheap and Smartness (BTC on ETH) and there will always be 21,000,000 just as BTC. To me, it’s a very nice idea. It gained popularity just within three days in Market, gaining more than 300%. It started trading on Oct 3rd at the rate of $0.021201 and went as high as $0.801066 on 6th October. Then there was a down time. (scroll down to read the down times).
The team posted not quite long confirming they got message from satoshi21 claiming he was afraid of the project that he never new it would be that great and accepted and gave the team the key, the sold ETH and eBTC in his poccession.
WHAT THEN?
The community grew stronger after receiving the good news and the team worked harmoniously 24 hours round the clock. The most interesting part of it was that they carried the community along, community decides and they implement. New website was developed within limited time (https://www.ebtctoken.org/)and new social media created without wasting time (You can get the official social media on the official website) and all these were updated on all associated links to eBTC (like coinmarketcap.com). The team created another contract which solved the initial error (This will make the token never to exceed the promised 21,000,000). As said by the team, the code is being thoroughly reviewed in other to remove any error.
WHAT TO BE HAPPY ABOUT.
The swap to the new contract will start tentatively on October 30, 2017. eBTC has been known all around. Big crypto evangelists are now talking about it. eBTC has been seen on many media. New investors have joined and some planning to join, eBTC has been listed on big exchanges with the likes of https://hitbtc.com pairing BTC, ETH and USDT, and the devs promised more, they have agreed with more bigger exchanges and would lists soon!.
WHAT SHOULD YOU DO?
This now depends on you. It took me some times to put this all together with the little information I have, am not imploring you to buy and hold and it will not be a good decision not to buy and HODL.
While some are buying now that it’s cheap, some are waiting till after the swap so as to play safe.
MY TAKE
As at now, this token is just 13 days old on market cap and less than 10 days of development by the team and its has already been accepted as a means of payment by a website hosting company. The community is great, large and active, full of enthusiasm and marketing strength. I always felt sorry for myself for missing BTC when it was very cheap, I’ll never make same mistake again. I have just little of this token and I will HODL for now. I will advice you too to be part of this. The current price as at the time (20th October, 2017: 6:50pm, GMT+1) am writing this post is 1ebtc = $0.223501. I will come back here again to comment this time next month.
This is not just a write up, check this videos yourself, It was recorded by one of the best crypto evangelist I know:
AND
Also check this links from cointelegraph and others
https://themerkle.com/what-is-ebtc/#849965057123512321-tw#1507557056844
https://cointelegraph.com/news/nailed-it-ethereum-bitcoin-hybrid-ebtc-gains-300-percent-on-investor-hype
https://medium.com/@eBTCFoundation/
https://www.reddit.com/r/eBTC/
THE DOWN TIMES
As the fame of eBTC was growing hourly, Unfortunately, on the 6th of October, some error were discovered in eBTC code which could make more coin be produced, making the total coin exceed the promised 21,000,000. The news grew high and FUD Started. Who are behind this FUD?. Personally I would say those people who missed the airdrop (I was among those that got to know about eBTC after the airdrop and I read every single page of Bitcointalk posts), most people said they applied and never got (Satoshi21 said he eliminated those who registered multiple entry, using IP track).
Satoshi21 published not long ago after the error was discovered and said that He forgot to remove the code when he changed his mind from doing an ICO to airdrop. And promised to find a way to tackle it with the new 12 team he got after the airdrop. About two days later, satoshi21 disabled the initial website, twitter and other social channels. The team were surprised and immediately created another telegram group thinking satoshi21 would delete the current one, but satoshi21 never did, he left the telegram group(https://t.me/joinebtc/) undeleted and it’s still the official telegram group till now. Everybody were in dilemma and there were panic sells.
The story then changed and everybody were happy, why? Go back up and read
THIS IS NOT A FINANCIAL ADVICE; PLEASE DO YOUR RESEARCH BEFORE INVESTING!!!
Thank you for the support! All about trust now.