Kickstarter campaign to mint Physical IOTA Coins is successfully financed
Even if most people do not necessarily see the benefit in a physical coin, that would represent a cryptocurrency, in reality they have many advantages. The first reason is that normally there is only a small amount of physical coins available.
As a result, minted physical coins representing any popular cryptocurrency will always be extremely collectible. While they do not necessarily appreciate their value over time, they almost never lose their value.
“This IOTA Coin once minted and distributed will be a solid metal piece and will have no monetary value as it is meant for display purposes only. There is no bar code or any chip/hardware inside and does not emit any signal to any type of receiver. It is only a display metal coin.”
From another point of view to pay attention to these minted coins is always a good idea sience they are excellent gifts for any cryptocurrency Fan.
Considering that people usually want to present the new technology behind the cryptocurrencies to family members and friends, having a visual representation of a coin certainly makes a lot of sense.
While their value is not yet tangible in most cases, they certainly help people understand the concept of cryptocurrency much better. Again, not everyone will like the physical currencies by default, but they are always nice to have.
Surprisingly, the Kickstarter campaign associated with these IOTA physical coins has been very successful, as it raised over US $ 21,000 to start issuing IOTA physical coins.
This overwhelming success goes way beyond what most people expected, but it is also a positive signal for the future of IOTA in general.
IOTA physical coin design is actually really interesting: the front of the coin currently has a "recorded" circuit board, It is 2 inches in diameter and will have two shades of gold and silver. Anyone can buy it on Kickstarter for just US $ 10.
IOTA Minted Coin - Official Project Reddit Thread - Follow here
For now it remains to be seen if the production of IOTA physical coins will come to any inconvenience. After all, there are always risks associated with the backing of any Kickstarter project, even if the creator of the campaign guarantees that will reimburse users if there are any problems at all.
Stop Talking and Start Taking Action
From my point of view this would be a very good promotion strategy for all crypocurrencies with potential out there . In order for any cryptocurrency to expand and go mainstream we all have to share the knowledge and approach this problem directly.
For some people the change is way to big and lets face it cryptocurrency is a revolution and sometimes referring to things that people already know makes the learning process faster and more likeable.
