iEthereum (IETHUSD)

[jjPP]

Still no reply from others very interesting. OK, when somebody can explain to me why Apple has not written a two sentence statement regarding iETH (iethereum token) after 2 years when history says Apple responds within 2 days when there is any questions regarding the use of their very valuable logo.

My logic says Apple has been "watching" iETH and they very likely are the developers behind the project. I also think they likely merge the token with their own proprietary blockchain and have used the ethereum platform to distribute the token in a truly fair fashion through an airdrop. They were smart enough to avoid centralization and ICOs which are full of legal quagmire. My theory is very simple, typos in white paper, that appear to be intentional as were never changed, likely made the project look low budget to encourage widespread distribution. iETH foundation is a much more fair distribution, avoiding the distribution problem that has plagued bitcoin and almost every ICO.


Obviously if this is Apple's cryptocurrency it will easily see 1000$ per token. If they were wise they would adopt the token anyway. As it has been distributed from day one across the entire globe and now has over 1530 holders and very decentralized. This will be huge for the network longer term. Pulling tokens from the exchanges an into peer-to-peer trading wallets is the next phase of the project according to the white paper. When this occurs it will see 2$ almost immediately. The exchange it is on now seems to be suppressing the price through the 6 currency pairs and arbitraging.


iETH was coded onto the ethereum blockchain and therefore will be around forever as "immutable". One smart contract written to layer on iETH or utilize the token for the secondary smart contract and iETH value will easily see 10$ per token. After studying this industry I estimate the current fair value at between 2 and 4$ per token. 70-100x on your investment. Few small businesses decide to adopt and transact with the token it will see 7-9$ per token.


Ethereum produces 30,000 new ETH tokens per day and people are buying that dilution. iETH is hard capped at 18 million "forever" as stated in the white paper. seems to me by holding 200,000 tokens as I have decided to do for at least 2 years I am gaining 30,000 token scarcity per day just by holding.

Anyway please let me know if Apple ever produces a public statement regarding the logo. Still waiting.