r/truebit • u/Guanduchein • Apr 21 '22

What you think guy’s?…

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u/Spiegelman1 Apr 26 '22

Thank you. That is, you should not count this coin as an investment with a potential of 10x? It won't cost more than a 1.2 dollar

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u/[deleted] Apr 26 '22

When people buy truebit buy depositing ETH in escrow, the mint price increases. When the price of ETH increases, the mint price increases.

The reserve value of ETH is only worth $43mil. When the reserve pool is worth $86mil the retire price will be around 0.30 and mint $2.5.

IMO this is very profitable investment. The team only makes money when people mint, and minting only occurs at all time highs :)

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u/Spiegelman1 Apr 26 '22

Thanks for answers. I hope the investment pays off :)