It is commonly repeated that early investors only paid 1,000,000 USD for the founder's rewards, and therefore the price is ~.50 a coin, but there is no reason to believe this is true. When companies raise money, they don’t sell 100% of their stock to the first investors, so why would the Zcash company do so? It is more likely that they sold something like 10-20% of the company for those coins. In that case, the investors could have paid as much as $5 per coin. And remember, that sale was a couple of years ago, back when things were highly uncertain. IMO, an offer for ZEC at less than $5 per coin is laughable.
It might be not wise trying to scoop ZEC as early as possible. This project is hyped and in first two months there’ll be only 300k coin mined, but in next 2 years it’ll be 5-6 millions. Zcash has same emission curve as Bitcoin, meaning a long period of hyper inflation. I remember that Monero shooted up to 0.01BTC after several months of release but during next 2 years the coin was mostly hovering around 0.001 - 0.002. This is the pattern of overly hyped projects.
I personally will wait at least half a year before considering any serious investment, that’ll be the moment when the hype is cooled and botnet mining become popular to drive the mining cost down.
This is true however if Zcash finds its niche right out of the gates we might never see a return to early prices, this is crypto after all so nothing is really certain or guaranteed.
I’m interested in picking up Zcash from when the project goes live so get in touch if you have some to sell.
Please Note: There is NO ZCASH until after Genesis on October 28th.
If you want to make pre-sale arrangements that is fine, but anyone claiming to have Zcash to sell before that date will be warned and banned if found to be trying to scam the community.