The following is not financial advice.
Welcome to back The Scoop!
This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin by focusing on evaluating instead of predicting.
What is Edgeless?
It's a casino game platform with little to no house edge, hence "Edgeless". They have now acquired a casino license with the mainnet launch is coming soon. Registration has started for the platform and things are certainly pointed in an upwards trajectory for the project fundamentally.
Try out Blackjack!
Where's the wallet?
Use an ETH wallet to keep EDG tokens.
Along with the whitepaper:
How many of them are they?
CMC says ~82m circulating with a total supply of 132m.
Who's the team?
Blockchain and smart contract devs, fintech folks and even a professional poker player.
What motivates them?
10% tokens allocated for the team.
Marketcap and Competitors?
~217m with ~6m volume.
Everyone wants it to hit Binance to explode volume (sorta like STRAT's excellent position).
Similar projects or target industry...
- FunFair ($FUN) -> ~589m
- DecentBet ($DBET) -> ~42m
How is EDG different?
They got their stuff together, just look at their updates and progress so far.
If nothing else, does anyone think gambling is going to become less popular in the future? Especially now with edgeless games? Unlikely.
- actual products
- license acquired
- solid team
- long term prospects
- navigating regulations
Any constructive criticism?
Website is a little funny to navigate, less intuitive than most. Just a minor nit, nothing to do with the product, though.
Where is it traded?
Bittrex brings in the most volume for EDG today.
Based on the FA, EDG looks like a low to medium risk with high reward potential if they continue to deliver and catch on. Picking it up under 16k sats would be bargain or around $4 would be an upper entry while still expecting solid, crypto-style gains.
And that's your scoop!