Which Crypto To Invest In - Part 5 : Ribbit Rewards
This fifth episode to come from the series « Which Crypto To Invest In » will be about RibbitRewards.
The Coin’s name may sound weird but its named this way for a reason, in fact it has a link with loyalty points, yes the ones you want to get as they offer a 50 % discount on the third pen bought or a free pack of sheets if you buy two of those !
I will first begin by describing the currency, then estimate how much an investment on Ribbit Rewards would generate with 20 $, I will continue on recent price movements analysis, I will also bring up the market size the company is targetting and finally I will describe the team and the support
What Is RibbitRewards ( RBR )
RibbitRewards is an original Blockchain project between all the Altcoins on the cryptocurrency market while there are actually 656 currencies available on coinmarketcap.com and its probably the only one aiming for the loyalty market.
It allows flight companies for example to get rewards program thanks to mobile access for their clients, the passenger once inside the plane can already use his points to get discounts on any kind of things or even free stuff it could be sport related, a discount on AirBnB leasing and so on.Its interoperability between all kind of goods and services makes RBR interesting for a LOT of companies, which can be traduced by a lot of tokens bought. Moreover this characteristic will help the client to not overwhelm himself with all those reward and loyalty cards and only use his phone when he buys things.
A happy customer is a customer that will more often buy things and thus uses loyalty points !Its technology also differentiates it from any reward and loyalty programs company as its the very first to use Blockchain for this goal. Likewise, such technology will allow it to better manage its data than the others do.
The company uses RBR coins as tokens for their programs, if the customer gets X amount of loyalty points for buying a travel he will receive a certain amount of RBR tokens to spend. For the people who are still in the blur on how it works, I guess as its still on development the company would sell X amount of RBR coins at a fixed price to flight companies and others, and these other companies will give RBR coins to their clients when they buy any kind of service or good.
How Much a US $20 Investment Would Generate ?
As the capitalization very often positively correlates with the price and knowing that the current cap is US $344,276 and price is at US $0.000860 and one of the highest cap reached was US $1,941,728 at a price of US $0.004856, it gives us a cap ratio of 5.64 and a price ratio of 5.65 which is nearly the same.
If you would have invested 20 $ at the current price ( US $0.000860 ) it would have brought to you 112.8 $ ( Calculation : 20 x 5.65 = 112.8 $ )
| Date | Market Cap | Price | ||
|---|---|---|---|---|
| July 14 th | US $344,276 | US $0.000860 | ||
| July 11 th | US $1,941,728 | US $0.004856 |
| Market Cap Ratio | Price Ratio | |||
|---|---|---|---|---|
| 5.64 | 5.65 | |||
Now lets suppose the market cap reaches US $20 Million ( just like the old average market cap of Steemit ), once the development of the project is over; your 20 $ would bring you US $1169.78 it would pay you a trip to the Bahamas with a 4* hotel included for at least 2 days !
Recent Price Analysis
In the precedent paragraph you saw that the RBR price and its market cap have significantly dropped in the last days, in fact its due to the people speculating on it as it did gain a lot of places on coinmarketcap.com before it reaches the 55th place it had before the drop and also from the people who wanted to make profit of the price increase by selling. The price increase have caused a buy reaction chain while most of the buyers know nothing about the project and as they saw the price increase speed slowing down and then decreasing they started to sell all they had which had for effect to accelerate that decrease.
Thus it has no relations with anything going on in the company, so there’s nothing to worry about its just people gambling on what they do not know much about but once it will be well known from the public ( as Factom is, so in the 20-30 first ranks ) the price fluctuations will only be caused by the project progression.
A US $54 Billion Market and Growing
Yes this is the size of the market RBR could first aim to conquer as this paper shows , in order to stay realistic let’s say they reach a 5% market stake in 2 years ( as it takes time for people to accept change ) which would represent US $2.7 Billion and if the price grows at the same rate as the market cap does, the $20 invested while the MC was at first $340 000 would become US $158,820.
| Date | Market Cap | Price | ||
|---|---|---|---|---|
| 2016 July 14 th | US $344,276 | US $0.000860 | ||
| 2018 July 14 th | US $2.7 Billion | US $6.82 | ||
Increase rate : 7941.17 ( calculation : 2.7 Billion / 340K )
Yes you read that well, I know you’re thinking that I am a complete moonstruck but do you remember the guy who bought for 27$ of BTC when it started ? He bought an appartment in one of the most luxury places of Oslo ( Norway ) with his 5000 BTC ( this would actually worth $3.3 million ) 4 years later.
The People Involved
A. The team
The team is composed of 10 people including experts in their domain such as finance, loyalty and rewards market, blockchain and so on.
Lets begin by the founders, Gregory Simon where you can verify infos about him here and also here did an MBA at Columbia College which is a point I would like to insist on as most of these guys coming from the Ivy League are often business geniuses. The other co-founder is Sean Dennis who is one of the founder of the non-profit Bitcoin Nicaragua Foundation which aims for social and financial prosperity. Both are Blockchain experts so you can be sure that the company is in good hands !
B. An strategic support
A Unique Opportunity
As the title says its now or never to get your RBR coins as it touches the lowest price levels, you can get some on this platform where I do all of my trades until now I never had any kind of problems with it and btw its the only external platform where Steem is exchanged !