If you’re looking to make real money these days, you just may have to consider mining the Final Frontier.
That’s what the upstart cryptocurrency project Astromining plans to accomplish. The project is raising funds to build out an asteroid mining project that promises out of this world returns.
The idea of asteroid mining is not far fetched, and some significant institutions like Alphabet are exploring the possibility. The big rub for traditional companies lies in securing financing from banks and institutions. A lot of the decision-makers in those environments are risk-averse, and placing a bet on a return from an asteroid sounds especially risky.
Asteroid Mining May Yield Tremendous Treasures
Cryptocurrency investors, on the other hand, tend to be a lot more fearless! This fast-growing sector is building out numerous speculative projects in the hopes of massive returns. Astromining is counting on the fact that earthbound investors are consistently looking for more substantial profits. They’ll stomach the risk if they feel the reward is high enough.
The value proposition for this ERC223 Token with the symbol ASMN is that the ICO will raise enough funds to enable the team to develop the technology to bring an asteroid to earth’s lower orbit. Once the asteroid is in place, they will mine it for all its worth, thus capturing advanced minerals and elements that fetch incredibly high prices. Rather than become just another mining company on earth, Astromining is seeking to become the first commercial enterprise to mine asteroids.
Let’s take a look at the key takeaways about Astromining (ASM)
- The potential for asteroid mining is enormous.
- ASMN represents a first-ever cryptocurrency community effort to capitalize on a high-risk, high-reward outer space mining endeavor.
- Early investors have a chance to earn “gold rush” type rewards.
- The risk is sky high, and the rewards are outsized.
- The world’s wealthiest individuals and enterprises are vying for this new market, so why not have a decentralized player give it a try?
Whether the team can put together the right individuals and technology to achieve the task is impossible to say. However, the spirit of achievement is alive and well in the cryptocurrency space. With the proper amount of financing, Astromining could end up with a competitive advantage over its competitors who rely on the traditional capital markets.
This particular ICO is taking a swing for the fences approach to project development. If they’re able to execute their vision promptly, the reward is nearly incalculable. Can early investors become trillionaires as their Tweet suggests?
Finding out the answer to that question is what speculation is all about.
To learn more about Astromining, make sure to follow their Twitter profile for updates. Keep in mind, this is not investment advice and investing in ICOs may not be allowed in your jurisdiction. Please do your own research to make sure you comply with all laws in your jurisdiction.
We’ll keep an eye out for further developments with Astromining. Somebody is going to mine asteroids and get massive returns for their efforts. Those who get in early have a real shot at making a bundle. Thanks for stopping by and reading!