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September 21, 2017, 02:23:00 PM |
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In my opinion, BitBay Markets (BAY).
(note: I'm not affiliated with the BitBay team in any way)
David, the lead developer has been quietly working away at building a marketplace platform that already hosts a ton of features, which you can use right now.
Here are some reasons I love BAY: David is truly passionate about the project, and has been using his own budget to fund the project (no ICO's or vaporware scams), he and the team are 110% dedicated to the projects completion.
- The currency will have a "rolling peg" which will greatly reduce the coin's volatility. (The users will vote on when/how to limit the coin's supply) This is awesome because it will prevent the manipulation of price by whales etc., and create a more stable environment for investors. This feature will be introduced this fall/winter.
- My rough and hypothetical guesstimate on potential coin valuation: If you take the average of the top 3 industry competitors market caps (Amazon: $474.41B, eBay: $38.12B, Craigslist: roughly 8B) you would get $173.51 Billion. Divide this by the number of BAY and you get a value of $172 per coin. Too optimistic you say? Alright, even if BitBAY was able to take 1% of this market space, that would still be 1.735B, or $1.72 per coin. So, at the current price of $.02 per coin, there is a TON of room for growth. (Note: I realize this comparison may or may not be apples to oranges and is very approximate, but at least it gives me a rough idea of what the potential is.)
- DOUBLE DEPOSIT. This is a cool feature, because it means you can create a contract with another stranger, and not have to use a centralized 3rd party to monitor the transaction. If there is a dispute, then both parties are forced to come to an agreement, or else they both lose their deposits. This creates a near-perfect environment a truly decentralized and synergetic marketplace.
- Easy pre-made templates for creating your own smart contracts. This is next level, because so many people/investors (including myself) hardly know what a smart contract is, let alone know how to build one. BitBay Markets makes it easy, and all you have to do is fill out a form and your good to go. (The UI is also constantly being tweaked to be more user-friendly)
- It is a fully functioning platform that you can use right now. This big for me as an investor, because there is actual value behind the investment. Many of these coins have "roadmaps", but no actual working product... at least with BAY, I know that there is a dedicated and hard-working (former chess champion) using our money to make an already existing product better for everyone, and positioning it to succeed amongst competitors.
- Last but not least: They just brought on some experienced people to the marketing team, who will be promoting it this fall and building awareness, which up until now, hasn't been done at all. The team first built the product, now its time to promote and refine the product.
These are just a few of the many reasons why I believe that BAY is highly undervalued, and has great potential for positive returns in both the near and long-term future.
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