UnikoinGold: Impossible for Me to Analyze

Hello Friends,

Today we are very briefly talking about UnikoinGold. As always, I encourage you to read the whitepaper. In this case there is very little real information in the whitepaper, but still read it.

UnikoinGold is a great business idea. Unikrn plans on using the coin for e-sports wagering in regions where it is legal. It also plans on developing a skills-based betting game that it claims will be legal everywhere, including the United States. This could considerably spur demand for the token. In addition, Unikrn will allow the UnikoinGold to be used in raffles for prizes, for game purchases, as in game rewards, for tipping pro-players (this could be huge honestly), and more. Most of these things have not been demonstrated though, or outlined in detail, making them hard to analyze.

I believe this could be a very large market in the long term. However, it is impossible to estimate right now with the info on hand. This brings me to the point of the article. Many people will dismiss this as FUD, but these are important scenarios you have to consider.

Unikrn calims that the ICO is 20% of the intial tokens. That means if it sells out $100 million in tokens, the market cap will be $500 million, one of the largest token asset market caps out there. It could be even higher. There is no info on how many total tokens will be sold, which means you have to assume the worst case scenario: Unikrn will sell how many it can. This means everyone who wants the token, outside of US and Chinese investors, will get the token. Also, Unikrn has not publicly said that it won't issue more tokens later, at least not anywhere I can find. The chances this token's value will collapse shortly after the ICO are very high.

Another thing to keep in mind is that money is "turned over" very quickly in gambling markets. People cash in and then immediately cash out after wagering. Others bet many times in a row. Money moves very quickly (high velocity of money). This means that for a gambling market to support a billion dollars in bets over an entire year, much less than a billion dollars in tokens is needed. You can look at casino chips as an example.

This isn't investment advice. UnikoinGold could be a profitable long term investment, which I outlined above. Buying tokens is a market based decision that changes with conditions. Also, the value might increase post-ICO, I can't know for sure.

I will probably write more after the ICO when we can finally see the marketcap and judge if the market will support it.

I hope you found this helpful!
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Note: I usually have to correct grammar mistakes in my articles, so this will likely slightly change. It is usually little, inconsequential mistakes like “their” instead of “there”.