The First Bitcoin Minable ERC20 Token on the Ethereum Blockchain

Hi steemians!

Today i would like to introduce to you BITCOINEREUM.
What is this??
I'll try to explain it to you and my pleasure will be to discuss about it and know all your point of view about it!

So please, resteem my article and share your point of view in comments :)

BITCOINEREUM

Bitcoinereum (BTCM) is a Bitcoin like Minable Ethereum ERC20 Token, the first of this kind.

It brings the Bitcoin Supply mechanism into a Smart Contract allowing a bitcoin like currency to run on the ethereum blockchain.

It is an easy to mine Ethereum Token, anyone can mine Bitcoinereum! Scroll down for all instructions on how to mine!

Mining Reward

The mining reward of Bitcoinereum is the same as bitcoin in its perfect conditions.

Initially, 50 coins are generated every 10 minutes (same like bitcoin in the beginning).

The Mining is done by calling the function Mine() of the Smart Contract.

Users only require to have few ETH in their wallets to pay the ethereum network fees.

To avoid mining monopoly and better distribution, each call to the Mine() function delivers 1 BTCM to the sender, only a total of 50 calls are allowed per 10 minutes (totaling the max of 50 coins generated per 10 minutes).

Reward Halving

Like in bitcoin, Bitcoinereum comes with reward halving.

Every 4 years the Mining Reward will be halved.

Supply

The total max supply is 21,000,000 BTCM, same like in bitcoin.

Coins can only be generated via Mining, there is no other possibility to generate coins.

The initial Supply is 0 BTCM.

It will take approximately 132 years to mine all BTCM.

Source/Credits : http://www.bitcoinereum.com

If someone is interrested in trading some BTCM for BTC, ETH or STEEM please let me know (OTC exchange only)!