Kim K said it wasn’t “financial advice.” The government did not agree.
, it had no formal connection with any of Ethereum’s developers. EMAX is an “ERC-20” coin, meaning that it isn’t very difficult to for users to mine, in contrast with currencies like Bitcoin , and can operate a trading system of its own within Ethereum, whose blockchain network doesn’t just facilitate the exchange of coins but also mints NFTs and stores unlockable prizes for certain video games.
The analysis by CoinDesk—a site that exists basically to chart and champion the crypto market—was skeptical of EMAX’s utility, noting at the time that EthereumMax’s website didn’t disclose names of key developers or business employees, provided only vague descriptions of the “” it supposedly offered, and promised a 3 percent yield return on investments despite its lack of market share.
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