With only 1,000,000 ever existing, (one per capita) this makes BuffaloCoin nearly as rare as gold per capita (6 billion ounces of gold exist on Earth ), meaning the long term price could go as high as $2,500 per BuffaloCoin.

​

An analysis using Bitcoin - WNY's GDP is $90 billion ( https://fred.stlouisfed.org/series/NGMP15380 ), and global GDP is $100 trillion. So if WNY is ~1/1000th of global GDP, then a fair market price for BuffaloCoin is 1/1000th of Bitcoin, or $100 per coin. But wait, BuffaloCoin is ~20x rarer than Bitcoin, therefore a fair market price for Buffalo Coin is $2,000 per coin.

​

If the Bitcoin price rises to $1M per coin, then the fair market BuffaloCoin price could be as high as $20,000 per coin.

​

FULL DISCLOSURE: BuffaloCoin has a 1% pre-mine, meaning 10,000 coins have been awarded to the creator of the coin at the genesis block. This was done due to the ability for latent outside miners to flood the coin shortly after creation, massively and suddenly increasing mining difficulty.

 

Generally, the higher the pre-mine, the higher the chance of a failed coin, "scam coin" or "shitcoin". In comparison, Satoshi mined about 5% of Bitcoin before early adoption took off, so in this case, BuffaloCoin is even superior to Bitcoin.

 

Many coins are very heavily pre-mined and thus don't fulfill the promise of crypto - a currency not controlled by any single party. The owner of the pre-mined coins in these cases can crash the price of the coin at any time they want, and sits on a mountain of unearned cash. BuffaloCoin ideally will be owned and controlled by a collective of investors all in the WNY area, so start mining today!

​​

Proof There Will Only Ever Be 1,050,000*:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​