From FUD to Triumph: FAMCO Doubling Rewards for Platinum NFT Holders

The CryptoInsider
2 min readMay 24, 2023

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In a recent YouTube video by CryptoTruthbombs, Lou addresses the current situation surrounding FAMCo, shedding light on some misconceptions and revealing exciting developments for the project. With the legal team handling ongoing FUD (Fear, Uncertainty, and Doubt), Lou aims to clarify important aspects and provide insights into the future plans of FAMCo.

Lou begins by acknowledging the fact that Patricio, the owner of FAMCo, is his cousin, a detail that wasn’t hidden but rather known by many prominent influencers, project leads, and close associates. While some content creators may have portrayed it differently, Lou explains that the decision to keep this information relatively private was to respect his cousin’s wish for anonymity.

He also emphasizes the inherent risks of operating projects in developing countries like Argentina, where discretion is crucial for security purposes. Patricio, who will oversee operations on the ground, is currently finalizing the acquisition of a new warehouse, necessitated by a doxing incident. To ensure utmost security, the location of the new warehouse will only be shared with top holders planning to visit in person. The new facility spans 30,000 square feet and has 5 MW of power already wired. It also provides direct substation access to meet FAMCo’s future power needs. Pertinent information, such as the Power Agreement and importing documentation, will be shared as it becomes available.

Double the Potential: Platinum Holders Get Ten Miners in Phase Two

Phase two of the project will see the reopening of the NFT Mint, exclusively for platinum NFT holders. There will be no bronze, silver, or gold options in this phase. Additionally, there will be no accelerated return on investment (ROI) during phase two. Participants will be required to pay the 25% service fee to FAMCo from day one of mining. This decision aims to reward the early supporters and believers in the project.

Moreover, FAMCo has decided to double the miner allocation for platinum holders from five miners to ten miners, significantly increasing earning potential. However, FAMCo acknowledges that investors who prefer to wait for more documentation can do so, but rewards will be adjusted accordingly.

In the face of baseless FUD, FAMCo remains determined and focused on its roadmap. The recent developments, including the secure new warehouse and the revised miner allocation for platinum NFT holders, demonstrate FAMCo’s commitment to its supporters. As the project progresses, FAMCo aims to provide further updates and documentation, ensuring transparency and rewarding those who have stood by them throughout the challenges.

Discord: https://discord.gg/5vTsSZTajR
Zealy.io: https://zealy.io/c/famco/invite/AF3Djh2e1mEkb9jIrCQDY
Website : https://firstargentinemining.co/
Gitbook : https://first-argentine-mining-company.gitbook.io/the-first-argentine-mining-company-docs/

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