ICO's which are rapidly added to decent exchanges relative to their size, have a high probability of maintaining and growing their value post ICO. ICO's which list on very small exchanges have a high probability of trading below their ICO price even if developmental progress is good.
Very true! Clever investors should sell theirs on DEX or Tidex as long as small margins still exist after the ICO breakeven cost, unless you're a bettor waiting to use the Wagerr system.
I keep buying simply because I need to house some masternodes and sell directly onsite to many of my existing customers in the sport clubs.
Wagerr is a betting token, not an investment coin. Bad choice for investors as there are too many good investment coins out there.
Value-coupling is just a decorative circulation to refresh the token so that it looks seemingly active in the eyes of bettors. Very tiny percentage of the token will get burned while 2million new tokens are being minted each year.
You know sportsbook bussinesses are too competitive these days. It's like there are too many toilets in the shopping mall so that everyone must clean his own toilet bowl to attract the shoppers. Value-coupling is like cleaning the old shit that stuck everywhere in the toilet covering it up with new paint.
A long list of whales are holding huge amounts from 4 million to 500 thousand WGR respectively. All of us are housers and masternode owners. We have to keep the token price looks standard to bettors therefore we can't let it surge too much. Every time when it goes up a little, we'd have to dump a small amount of our tokens to maintain it back to standard again.
The new update didn't even mention a single word of 'investor' unlike what other investment coins would normally do. We mentioned everything only about betting and bettors.
Only a tiny percentage of new WGR is minted every year, so burning fees is not 'decorative circulation'. It will likely result in rapid appreciation which is also good for bettors and they may well become WGR investors & speculators too as a result.
However for bets that are over a longer horizon, it's true that greater stability is valuable. However the solution to that is not to dump WGR to maintain the price but rather to introduce a stable token backed by WGR.
Also most sportbooks have to jump through a big amount of hoops to serve particular markets. This is much easier and cheaper for a blockchain based solution so profits are higher while still being cheaper for bettors.
The Wager Dollar (Based on BitUSD by BitShares)
For the example and simplicity let's say the current market price is 1 WGR = $0.1
If a bettor wants to bet $10 on a fight, he needs to buy 100 WGR to get 10 WGR Dollars.
Unbeknownst to the bettor, whales, masternodes & WGR holders are able to short that 10 WGR dollars with 100 WGR. Both amounts go into a pool containing all WGR Dollar bets and those shorting them.
If WGR goes up in value let's say to $0.2 then it will only cost 50 WGR to return $10 USD worth of WGR to the bettor. The other 50 WGR is profit to the person who shorted the WGR dollar.
Conversely if the value of dollar rises vs WGR then the person who shorted it will lose.
Also because all the WGR collateral is pooled it should be able to maintain dollar payouts even where WGR loses 90% of its value.
The example of this is BitUSD & BitCNY by BitShares. (BitCNY has an $11 million CAP
https://coinmarketcap.com/assets/bitcny/ They have both maintained their respective currency pegs for 3 years+ I believe, even with BTS falling 80%+ at times.
https://cryptofresh.com/a/USDhttps://cryptofresh.com/a/CNYSo as a medium term goal I would reccomend emulating currency stable assets in order to provide stability without whales ever needing to sell WGR. It would probably be best to employ a BitShares developer if this is something you were interested in.
