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 and evaluating instead of predicting.
What is Footy Cash?
Decentralized sports betting certainly looks like it will be a part of our future and Footy Cash is a platform to facilitate and transact with these types of contests. They seem to have done their homework legally as well, which is definitely a plus as gambling restrictions vary so broadly.
Beta up and running:
http://beta.footycash.com/
Quick Technicals
Algo: Scrypt / PoS
Block time: 60 seconds
Block size: 40mb max
50/50 revenue sharing for masternode holders.
More details here:
https://bitcointalk.org/index.php?topic=2195221
Also check out the roadmap:
http://beta.footycash.com/roadmap/
Where's the wallet?
http://beta.footycash.com/wallet/
Mobile app release sounds imminent:
http://beta.footycash.com/mobile/
Whitepaper: TBD
How many of them are they?
CMC says ~4.5m circulating supply.
Who's the team?
Not a lot of info out there on the team, but they do seem to be hard at work on the product.
Marketcap and Competitors?
~10m cap with 200k volume. For a promising project, it's these kinds of entries that you look for. Ranked #522.
Similar projects or target industry...
- Edgeless -> ~218m
- Wagerr -> ~132m
- DecentBet -> ~48m
How is XFT different?
The marketing is pretty good and there's not a lot of platform competitors out there yet. No ICO or premine is always nice. Masternodes, ok.
Pros
- ripe industry
- fair launch
- live beta
- low marketcap
- timely market entry
Cons
- must have adoption
- momentum
Any constructive criticism?
More info about the team would be great insight for those interested in the project. Perhaps they will be more transparent in the future, along with finishing and releasing the whitepaper.
Where is it traded?
Both Cryptopia and CryptoBridge as of now.
https://coinmarketcap.com/currencies/footy-cash/#markets
The Final
Based on the FA, XFT looks like a low to medium risk with high reward potential if they continue to deliver and catch on. Picking it up under 15k sats would be bargain or around $4 - $5 would be an upper entry while still expecting solid, crypto-style gains.
And that's your scoop!