A new coin will be launched in a few days, called SnoopCoin. As you can imagine, the coin is banking off the success of Snoop Dogg. We have seen this kind of behavior before,, and all know how well that went, right?
Either way , SnoopCoin will be launched on March 6th. SwissCex will open up trading of SnoopCoin from the day of the launch, so that might be worth something, even if it’s just for a quick pump and dump.
SnoopCoin will have a variable pre-mine of somewhere between 0.5% and 3%. The final number will depends on how many coins are sold during the IPO phase.
Yup, you heard it right, another coin with potentially legal consequences, and trying to IPO before launch? Seriously, what is wrong with people…
The rest of the pre-mine will be used for marketing, development, giveaways, blah blah blah, you all know the story by now.
Difficulty will retarget every 4 hours, which will make it an easy prey for the multipools, should they decide to add SnoopCoin to their list.
I’m well aware this article may sound negative,but I’m just voicing my opinion on a coin which will clearly be useless from the start, and has the nerve to IPO before launch while offering nothing special.
Whether you agree or disagree with me, feel free to leave a comment down below.