GREY:BLKCF - Post by User
Post by
k26cjson Dec 04, 2017 9:30am
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Post# 27083657
help:agreement with coinbase.
help:agreement with coinbase.Hey guys, I've just looked over the investor presentation on this companies website. Just looking for an explanation of this agreement with coinbase? Coinbase gives them 10 million dollars, then BLOC is going to mine bitcoin, and sell them back to coinbase for 1000 per coin? So 2500 coins per year x 5 years is 12500 coins x 1000dollars each. BLOC gets $12,500,000 while coinbase can sell the coins for . over a hundred million dollars????? Am I reading this correctly or am I out to lunch? ANyone have any insight on this? Seems backwards to me.