Please note this is NOT financial advice. I am not advising you in any way, this is simply opinion. Do not place trades based on what is written here. Please do your own research.
With that being said, I did buy $3,000 worth of it after what happened to me over that last couple of months.
I stumbled on this project and I am wondering WHY and HOW this is still so undervalued. I added it to my CoinGecko watchlist seemingly by accident in August 2021, and every so often I would see it at $0.30, or $0.45. It being on 1 exchange I thought that might be why, but I have seen other coins on 1 or 2 exchanges with a billion market cap! Thinking nothing of it (since I have 79 different coins in my “under $1” watchlist) I never really looked deep into it. Until. It went to $3.75! Now this random coin had my attention, after accidentally adding it to one of my watchlists. Why did I leave this random coin in my watchlist? Maybe since the watchlist was an “under $1” and none of the ones I had been watching ever go above $1.
Still at its ATH, it was at most a 40M market cap!!! It is currently at 32M! The telegram community seems to be quite small with only 1500 members. There is a small subreddit,youtube, and facebook following as well. With that being said, they went from $0.30 to $3 with relatively nothing. If I had invested what I did; back then? I would have had 10,000 shares!!! Instead I have around 8X less than that. Forward looking only, let's look at the potential of this project. For example sake, let's just play around with the market cap.
With a market cap of 130 Million> Epic Cash Share Price would = $10 With a market cap of 1.3 Billion> Epic Cash Share Price would= $100
Every so often a project goes under the radar and eventually makes its way to the Top 100; silently. This could be one of those projects. Epic Cash started 2 years ago (September 2, 2019) with a Fair Launch; not many projects can claim this. It is a Grassroots type movement in the sense that it gains 1 person at a time, slowly accumulating a strong movement. It does not pay for listings, influencers, or marketing. That is why it is on ONE exchange currently, Vitex DEX. The current market cap is around 35M, with a circulating supply of 13.1M, giving it a current share price of $2.50.
Anyway, I ended up researching the project and would like to compile some of the interesting things about it.
- Privacy features and Size of blockchain. Both of which have what is called MimbleWimble to thank. MimbleWimble sounds hilarious, and I still do not fully understand it. What I do know is, it does not require the storage of data that other blockchains do, therefore making it lightweight (around 1.97GB at time of writing this, explorer.epic.tech) AND!! It has a very interesting origin story, similar to Bitcoin!
Link to Mimblewimble Origin Story:
- Epicenter. The entire ecosystem Epic developers and community are trying to create. Similar to the MakerDAO and Dai stable coin, Epicenter is their version. With EPIC being the store of value (like ETH in the ETH/MKR/DAI system) So, EPIC/ECR/EUSD is EpicenterDAO’s version of ETH/MKR/DAI. ECR is like MKR and EUSD is the stable coin like Dai. For more information go here:
https://epicenter.epic.tech/what-is-epicenter/
https://makerdao.com/en/whitepaper#abstract
- MINING! It just went through a halving event on October 30th 2021. Maybe that’s why it spiked a little? Regardless, it can be mined through a normal desktop computer (Macbooks are harder from what I have learned). Just like BTC back in the day. There are 3 more halving events from now until 2028 when the supply of Epic matches the supply of Bitcoin, known as the Singularity event in the Epic Cash White Paper. (https://epic.tech/whitepaper/)
(Compared to BTC block time of 10 minutes and block reward of 6.25 BTC)
Epic Coins Mined Per Day: 5,760 EPIC Block Reward: 4 EPIC Block Time: 60 seconds
I'm not a miner but if you are reading this and you have extra hardware or looking for a new coin to mine I’d suggest this. When it goes from 5,760 EPIC per day to 2880 in two years, who knows what the price of 1 EPIC will be.
- Community! Ever since I found out about Telegram for crypto groups, they have NOT been all that constructive. However, the Epic Cash Teleram (@epiccash) is actually fun, not toxic, and full of very smart people, some of whom mined BTC and XMR in the early days. If you have ever heard of Kadena, they call themselves the Kadenians, in Epic Cash they are the Freemans. Max Freeman the founder of Epic is easily contactable in Telegram and will happily answer your questions. He also has been recently attending Youtube live streams in order to educate people about crypto and Epic. Just search “Max Freeman Epic Cash” on Youtube and start diving into the knowledge!
Defining Characteristics of Epic Cash (some written by me and others compiled through Epic community Telegram and Official Website epic.tech):
Scarce - Circulating supply of 13.1 million coins. Max supply 21M Open Source - No patent or company controlling the tech. Censorship Resistant - No one can interfere with EPIC transactions. Fair Launch - No ICO(Initial Coin Offering), No premine, No Venture Capital, No Corporations, No government affiliations. (WOW!!) Mineable (3 algos) - Mine with CPU (RandomX), GPU (ProgPoW), and Asic miner. Fungibility - 1 Epic = 1 Epic. No Tainted Coins. Speed - “While Bitcoin requires six 10-minute blocks to achieve complete transaction confirmation, Epic transactions occur within a single block confirmation as soon as a 1-minute block has been mined. This makes Epic Cash transactions smooth, continuous, and executed much faster than in previous generations of blockchain technology.” Universally Accessible - Anyone, anywhere can participate regardless of their location, identity documentation, or ability to afford the price of entry. EPIC is truly money for everyone, today. Scalability - Currently 1.9 GB, estimated to be 25GB with BTC throughput.
Private Banking - This is a big one. Epic is part of the Epicenter Ecosystem, with ECR as the governance token, and EUSD as the stablecoin, Epic holders have the ability to control their own wealth independently without intrusion. Check out this link below to learn more. (similar to MakerDAO and Dai if familiar with this) https://www.youtube.com/watch?v=MyqDdPZMy68
Team Wallets - There are NO Team Wallets for Epic Cash! Everyone had to buy their coins on the open market. Coin Lockup - Not applicable to Epic Cash as there are no team tokens. This is 100% Proof of Work! Privacy - “The Epic Cash blockchain safeguards the anonymity of Epic holders and users by protecting the details of transactions from third parties, and is designed to be both untraceable and invisible to surveillance through Dandelion++ Protocol.”(Epic Cash website) Proof of Work - “A decentralized consensus mechanism that requires members of a network to expend effort solving arbitrary mathematical puzzle to prevent anybody gaming the system” (Investopedia) Egalitarian - Relating to or believing in the principle that all people are equal and deserve equal rights and opportunities. I admit I had to look this word up.
Info
Telegram - https://t.me/EpicCash Website - http://epic.tech Social Media - https://epic.tech/community/#social Miners - https://t.me/EpicMiners CoinGecko - https://www.coingecko.com/en/coins/epic-cash Twitter - www.twitter.com/EpicCashTech Lots of Info HERE- https://linktr.ee/Epiccash
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