Why I think MonsterByte Inc's ICO is worth investing in.

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Just one man's humble opinion on a current initial coin offering (ICO), which is being held by Monster Byte Inc. At the time of this posting they are near the completion of the Ico, with around 300,000 or so Monster Byte tokens remaining out of the maximum of 10,000,000 cap.

As a disclaimer, I have invested into the Monsterbyte ICO myself, and I have because from what I have read and questioined, I believe the the Monsterbyte token is a good longterm investment, not only for its appreciation , but for its cash flow possibliities.

Getting into it, the Monster Byte token is being held by Monster Byte Inc, and according to their white paper (WP),these guys have been around since the year 2013, having owned various cryptocurrency gambling websites with proprietary technology owned by Monsterbyte Inc. Throughout these websites, tens of thousands of bitcoin (BTC) have been wagered throughout a variety of games. With all the uncertainty of all of the shady icos out there, its good to see that this token is being backed by a company that already has 4 years invested.

Per their white paper, they have a road map out to January 2018, which includes updated old sites, adding support for more cryptocurrencies, and adding language support on all sites they own and operate. This is a great strategy for creating more traffic on their sites and improving their daily wagering volume, and along with it the fees paid on wagers.

If you are interested in the specifics and would like to take a look at the revenue model, I will attach the link to the white paper. It includes the range of fees for each site.

So on to the token, why should you buy it? And in addition, why is it a good long term hold? This token does not work like proof of work (pow) like bitcoin or proof of stake (pos) like Dash. Im not sure if this is a actual term or not, but I call in proof of ownership (poo). Last time I'll ever use that abreviation.

Monsterbyte Inc, per their whitepaper has promised the collective profits from these sites will be divided amongst token holders, it important to know that there are 40,000,000 tokens total, with only 10,000,000 of those being sold during the ico. The remainder will be distributed amongst employees, advisors and bounties, and havelock owners, whatever those are. This shows that the people who created the token, see the long term financial gain from holding. We should as well.

Right now there are only a few more days until the ICO ends, and with a little under 300,000 tokens available for sale. Valued at $0.11 a token right now, they are accepting bitcoin, ether, litecoin, waves, and dash.

You can view their whitepaper at https://www.monsterbyte.io/images/MonsterByteICOWhitepaper.pdf.

Their site for the ICO is found here https://www.monsterbyte.io/ico.