Extrabit ICO: Company Review and EXB Token News Updates

Extrabit ICO (EXB Coin): Profitable Crypto Mining Investment?

In the upswing of startups involving cryptocurrencies, an old trend continues to crop up. The concept of group mining is making a major comeback. In the infancy of cryptocurrencies like Bitcoin, mining with even a moderately powerful computer was an incredibly profitable venture, with technically-minded young entrepreneurs taking large slices of the profit from verifying transactions on the blockchain.

Though the exposure of Bitcoin to the mainstream made the market more oversaturated and less profitable, the massive upswing of price for cryptocurrencies like Bitcoin brought the concept of mining back into the public eye. However, the main problem still persists; the greater amount of people interested in mining means that smaller slices of profit are available and that greater technologies are required to participate effectively.

To attempt to fill the obvious market need for a simple, user-friendly way to profit off of the blockchain, several companies now offer centralized mining options for potential investors. Extrabit offers eager consumers the chance to buy shares in the mining of several cryptocurrencies, reaping directly the profits of their investment through crypto-gains.

This guide will outline the basic premise to the Extrabit model, as well as the benefits and pitfalls of investment and participation.

The Extrabit Model

EXB tokens are the coins offered in the ICO by Extrabit. These tokens provide investors with what is effectually a ‘stake’ in the mining profits of the company. Investors are paid quarterly in Ethereum for as long as they possess tokens. These tokens can also be traded or sold in exchange for (hopefully) immediate profit.

Extrabit Crypto Mining Investment Benefits

Extrabit provides several reasons that an investor might prefer their service. Like many of their competitors, the company claims to have access to the means of efficient and cost-effective electricity for mining. The key thing to remember about Extrabit, however, is that the company is actually able to provide a reason why they are able to provide such effective electricity.

Apparently, Extrabit is involved in a contractual agreement with a “local electricity supplier” in which they provide the company with “blockchain technologies” in exchange for the free electricity. Consequently, it seems pretty obvious that the small startup has access to the amount of energy required for a successful mining operation.

Another unique reason that investors may flock to Extrabit is their straightforward payment system. Payments to investors are made consistently on a quarterly basis for as long as the investor still holds tokens in the company.

Extrabit EXB Token ICO Details

Potential investors should refer to the ICO section of the Extrabit website for the most accurate information regarding the continual ICO process. The process is currently in the pre-sale stage, which gives investors the chance to pay half-price for EXB (50 cents USD).

The Extrabit site also outlines a sequence of events in the future of the company, including the eventual establishment of a secondary mine to maximize profits for investors. A note of caution, however, is that potential investors should always defer to secondary and tertiary sources to confirm or debunk the monetary predictions regarding investment return—they can be misleading.