RE: UnikoinGold ICO Analysis

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UnikoinGold ICO Analysis

in cryptocurrency •  7 years ago 

Read the whitepaper and nothing stands out. Look at the coin distribution. That coupled with the fact that it is centralised and you will soon understand why Cuban and Kutcher have put their names to this. They stand to benefit the most. Pointless crypto which will burn investors

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Really? I thought their cryptomodel perfectlty fit their business model, in which they created a coin (UniKoinGold) that allowed people to trade it on exchanges which can than be traded to eth or bitcoin, which can be turned into fiat. Their past structure didnt allow withdrawels for money as its considered illegal, so with the introduction of UnikoinGold, players are given more options.
The fact that its centralised allows it to stray away from lawsuits. Skin gambling sites, which is a decentralised platform, has no monitoring system alowing underage minors to partcipate. This creates major law suit cases. The only problem i do have is the distribution with only 20% of tokens going into pre-sale and crowdfunding. This i believe will make it difficult for small investors.