Hello everyone!
This blog is about my second ICO pick for my million dollar plan. If you are unfamiliar with my plan, feel free to check out my first blog :) This ICO is Credits: https://credits.com/en/home/ico
These are the reasons I think it is good:
-Credits is the first completely autonomous blockchain system
- It has incredible scalability, being able to handle 1 million transactions per second versus 7 for Bitcoin, and 300 for Ethereum.
- Transaction speeds of up to 0.01 seconds vs 10 minutes for Bitcoin and up to 5 minutes for Ethereum.
-The hard cap is only $20 millon so there will likely sell out quickly and be high demand once it hits exchanges. - Credits opens on February 15th and will be on exchanges before the end of February, so there will be a chance for a quick turnaround.
- There is escrow in place so Credits can only use 50% of raised funds before goals are reached. This shows that the company has confidence in their own product.
-Upcoming Beta release in March with full release in June. These are quite soon, and offer great potential value increases.
-The addressable market that Credits hopes to tap into is estimated to be worth trillions of dollars.
-The team is massive, diverse, and experienced. There are 37 team members and 9 advisors, including a director of blockchain labs from IBM and a senior consultant from IBM.
-The token supply is 1 billion, which is a reasonable size. Each token is worth 0.0002 ETH or approximately $0.17 USD. This means there is plenty of room for substantial growth.
I will be Investing some money for the long term, some for medium term (likely around six months or so), and I may put in some money for a quick flip as well. I would be interested to hear your thoughts.
Thank you all!
Reese
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Twitter: @YoungAndProLife