Cryptocurrency Rimbit Enters Trading with $5m Market Cap

By February 19, 2015Bitcoin Business

As we started investigating into this new altcoin , we came to know that it is a purely premined cryptocurrency launched after being “over-funded” by the Indiegogo Forever Funding pilot program. While the word “premining” itself means scam to most of us, Rimbit developer, using the first name Mark, thinks otherwise.

To him, a cryptocurrency like Rimbit had to be premined so that no extra mining cost could affect its value in the future. As he […]

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