Finding the next KILLER ICO!
WILDCRYPTO vs. MONETHA
Initial coin offerings are becoming very popular in the crypto space, with startups making use of this crowd funding alternative to their advantage. Millions of dollars have been raised through these ICOs to fund various projects hovering around solving trust and transparency related issues in traditional systems. Most investors have equally made huge returns in these ICOs.
Among the startup ICOs making a buzz right now are WILDCRYPTO ICO and MONETHA ICO both on the ERC20 Ethereum token. These two startups offer decentralized solutions as a fix to traditional ways of doing business in their various industries. With WildCrypto focusing on the eGaming and lottery industry, Monetha on the other hand have their tent pitched on the financial/mobile payment sector similar to paypal.
WILDCRYPTO and MONETHA are currently launching their ICOs on the 5th September and 31st of August respectively with token symbols WILD and MTH.
WildCrypto is offering its users an anonymous, international and completely decentralized lottery & eGaming platform. Opening up the age borders in the lottery industry, while at the same time being regulated.
Monetha according to their white paper “is creating a universal decentralized trust and reputation solution working flawlessly together with mobile payments processing on the Ethereum blockchain leveraging smart contract technology.”
Solving Trust Related Problems with Traditional Systems
Common to both crypto tokens is a focus on solving trust related problems in their various industries.
WildCrypto intends to publish every operation that takes place on the gaming platform to the blockchain, thereby creating a transparent and honest platform. This, in my opinion and I believe most eGaming and lottery enthusiast will equally agree that Wildcrypto’s intervention is highly welcomed.
On the other hand, Monetha is of the opinion that most users and merchants do not trust centralized third party platforms like PayPal, which i beg to differ. Even though crypto enthusiasts will want to see an end to centralized systems like PayPal, Customers/Merchants allowed to operate on PayPal do not have problems with trust. Monetha will on the other hand serve well in countries blocked by PayPal i believe.
Bureaucratic Over heads/Long Processes in Traditional Lottery systems, alongside Long and Expensive payment processes in Traditional Payment Systems
This is one major advantage i see both startups bringing a solution to. As stated in their white paper, WildCrypto will “Provide unprecedented odds and player experience by eliminating bureaucratic overheads and government taxes, publishing all the results to the blockchain, creating a truly open and honest gaming experience”.
Leveraging off smart contracts on the Ethereum blockchain, Monetha is creating a mobile payment processing solution. This service is very much similar to that offered by PayPal. By so doing they will be cutting down on the huge transaction fees as well as long payment processes offered by centralized systems.
The size of the lottery and associated games market is $260 billion and only a small proportion of this, approximately 4%, is online according to the World Lottery Association. The entire industry is set for disruption.
As stated on statista.com, “retail e-commerce sales worldwide from 2014 to 2021. In 2016, retail e-commerce sales worldwide amounted to 1.86 trillion US dollars and e-retail revenues are projected to grow to 4.48 trillion US dollars in 2021. Online shopping is one of the most popular online activities worldwide but the usage varies by region — in 2016, an estimated 19 percent of all retail sales in China occurred via internet but in Japan the share was only 6.7 percent. Desktop PCs are still the most popular device for placing online shopping orders but mobile devices, especially smartphones, are catching up”. This will create huge opportunity for Monetha to be a major player with their value proposition.
Supply of Tokens and how much are they looking to raise?
WildCrypto is offering a limited amount of token of about 1oomillion in total, issuing 30 million tokens to the public. This will definitely create a huge demand after the launch of these tokens. ICO participants will get these tokens at a ratio to 1 ETH to 2000WILD tokens, compared to 1 ETH to 100WILD tokens on the WildCrypto platform. Wild crypto founder said in his interview that they are looking at raising 1500Ether if the ICO is 100% successful. This puts WildCrypto at a maximum market cap of US$450,000.00 assuming current ETH price of $300.
Monetha on the other hand offers a Hard cap of 95,000 ETH during the ICO. With 50% of total token supply going to early adopters of the token. ICO participants will be getting this token at a conversion rate of 1ETH to 2,000MTH
Maximum market cap at ICO: US$57 million assuming current ETH price of $300.
No startup can be successful without an experienced and innovative team behind it. Both WildCrypto and Monetha have a very interesting and versatile team of entrepreneurs and software engineers. I will be focusing on the team members with a software engineering background.
Frank Pira on WildCrypto side is a software designer, and entrepreneur. Also on the WildCrypto team is Edmond P. Zynda, who apart from being an eight year air force veteran is also a seasoned software engineer in the area of programming Ethereum smart contracts. Together with Ed and a host of other developers is Jason Stratford who is WildCrypto’s gaming developer and advisor. WildCrypto still has a host of other team members that can be found at the bottom page of their website.
Focusing on the software development and mobile payment side of things on the Monetha team as shown on their website Andrej Ruckij, Co-Founder/Technology — Former VP of Development of Adform, a digital advertising company.
Dr. Jean-Marc Seigneur, Decentralized Trust and Reputation Lead — Published over 100 scientific papers on computational trust and online reputation management. Advised many companies including Philips, Amazon, Thales, and Swissquote.
Eric Duprat, Payments Lead — Former General Manager of Mobile at Paypal.
As a great believer of the Ethereum blockchain infrastructure with its cheap transaction fees, i will definitely go long on both WildCrypto and Monetha ICOs both for flipping and long term investing. However considering that Monetha is not alone in the race of cryptocurrency payment, other competitors like Coinify, CoinPayments, BlockPay and Cryptonator may give them a run for their money. To this i will allocate a higher percentage of my crypto ICO investment fund to WildCrypto. Reason being that WildCrypto opens up a huge opportunity for new and yearning eGaming and lottery enthusiast, by disrupting the age barrier in the industry.
Other than the above mentioned reasons, i will also allocate more funds to WildCrypto considering that their ICO is only going to last for a short period of time compared to Monetha, which is going for an entire month. WildCrypto tokens will definitely be sold out, again considering that they are looking to raise just 1500ETH, compared to Monetha’s 95000ETH. Monetha is still a good investment option considering that they already have running a self-funded minimum viable product.
Addictive platforms like lottery and eGaming, will gain huge adoption after WildCrypto ICO launch. The future is bright for both startups.
This information is for educational purposes only. Ensure to contact your investment advisor, bearing in mind that investing in highly volatile markets like cryptocurrencies comes with its risks. Hence you should not risk more than you can afford to lose.