Crycash ICO Review
What is Crycash?
Crycash is an upcoming cryptocurrency that is currently in the ICO phase of their development. There is 22 days left in the ICO as of today (1-9-2018). This is a crypto that is dedicated to both gamers and game developers.
Why would a gamer want Crycash?
While I think that developers will benefit more from Crycash, it would still be a great investment for gamers as well. If you are an avid gamer, some of your favorite games will use Crycash in the future and allow to use them for purchasing in-game content. If you spend a lot of video games and extras within games, it would be very smart to purchase this crypto and then hold it for a few months or longer. Then you could enjoy buying games and in-game content, and it would be like you getting it for a discount.(if the price of Crycash goes up)
I believe the price will likely rise due to the fact that it looks like not too many tokens will sell in total, and the rest will be burned. Crycash will also be buying back a portion of the tokens to burn and increase the value of their coin. This means that even people who don't game have a great reason to buy into this ICO
Using Crycash and their Plink app will also allow you to make potential profits off of creating your own content, or by advertising on their platform. This could be an easy way for tech-savy gamers to make their own path and earn money online.
Why would a developer want Crycash?
This is where the bread and butter of Crycash will be made. Developers will be able to create in-game items and sell them for Crycash. Examples would be skins, new weapons, packs/crates, and anything and everything in between. Only the imagination will dictate the limits of this coin.
On top of that, game devs will be able to use this coin to give their players incentive to play. This means that you will be able to earn Crycash just by playing a specific video game in the future, and by completing tasks dictated by the developers of said games.
Does Crycash have any partners in gaming?
Yes! They have already landed some gaming powerhouses as partners which will help propel Crycash into the market very quickly after the ICO is completed. Here are some of their confirmed partners:
Crytek- The makers of Far Cry, Crysis, RYSE: Son of Rome, and more!
Cryengine- This will be used in the up and coming VR gaming market more and more, which I believe will eventually take over gaming.
Warface- The most popular free-to-play shooter of all time!
More to come!
How much are the coins?
Essentially, the coins are about 1 dollar a piece to start out during the ICO. Since the recent rise of Ethereum, they are more like $1.20 because 1 ETH will get you 1000 Crycash coins.
Does Crycash have their own Blockchain?
No. Crycash is an ERC-20 token and will run on the Ethereum Blockchain.
How will the coins be allocated/distributed?
60 percent to ICO sale
15 percent to Crycash team
10 percent to advisors
15 percent to long-term reserve
How many coins are there going to be?
This number depends on the total raised in the ICO. So far there are only 968K coins. I expect about 1.5-2 million total coins to be sold in the ICO, and then this number would have to multiplied by 0.4 since the tokens in the ICO will represent 60 percent of the entire supply. This would put the total amount of tokens somewhere between 2.1 million and 2.8 million. This is extremely low and one of the reasons I am investing into Crycash!
What is my Crycash Price Prediction?
While this type of thing is very hard to predict, I don't think there will be any problem for this coin to reach a $50 million dollar market cap in crypto one day soon. If there are only 2.1-2.8 million tokens total, that would put the price around $18-$24 dollars. Keep in mind that a $50 million dollar market cap in crypto is nothing and there are hundreds of cryptos with much higher caps than this.
I wouldn't even be surprised to eventually see a much higher cap, but $50 million for a total market cap is my conservative estimate, and I think this would be well within 1 year of the end of the ICO.
Seeing $250 million as the cap one day wouldn't even surprise me and that would have each coin between $90-$120 dollars. This is still a cap that is fairly conservative and well short of many crypto's long term goals.
Are there any other reason that I am investing into Crycash?
I have invested into many ICOs and done quite well with each one so far. A couple of these ICOs were even video game type tokens such as Crycash.
I invested into Enjin coin at about 3 cents each and it is already 10-15 times higher. I also invested into WAX token at 15 cents each and they are now about $2.50.
The video game and crypto industry seem to pair well together and I think this will be another classic example.
Summary
I think that this is a great investment opportunity for gamers, developers, and normal people to make some decent money. Keep in mind that I am not a financial advisor, but I have done quite well in crypto so far!
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What do you think of this ICO? Tell me in the comments!
To the moon,
