The developers of a token with the slogan “No ICO - No Pre-mine - No Bullsh*t” say it allows users to mine the coin without any mining equipment required, simulating Bitcoin mining mechanism on the Ethereum blockchain. Bitcoinereum, a ERC-20 token created in 2017, is called by its developers the “first Bitcoin minable ERC-20 token on the Ethereum Blockchain.” Its mining system imitates the same mining mechanism on the Ethereum blockchain that is used for creating Bitcoin but instead of using mining equipment the users are “just required to call one function of the token’s smart contract.” According to the …