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No, it's a coin with Bitcoin's fundamentals on the Ethereum blockchain, which solves the high and ever increasing ETH supply problem (meaning your ETH value can be inflated away). It also solves Bitcoin's miner drama problem with all coins already distributed.

You can only buy by making a wallet on EtherDelta and depositing ETH, I suggest you view a tutorial because EtherDelta is not user-friendly.

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