Lomocoin is an undervalued project that you should look at closely. To begin I will say that there is a lot of currently unknown information and the Lomocoin team is not the best at communicating with the west, but I do believe that this can serve as added value and I believe it is why the price is still quite cheap. Now that I properly bashed them, let's check out their website.
Website
Their website deserves some praise. Upon first finding Lomocoin, I found that their website could of been worth their few million dollar marketcap... You know using ICO type of evaluations. Anyway, the website is both in Chinese and it is Translated in English. There is a button in the top right hand corner to translate it into english. Check out their website at: www.lomocoin.com
Yes, I do like their website.
The Projects Potential
This project's potential is very high. This project is essentially offering a way for businesses, big or small, a way to track and monetize foot traffic. Let me give an example of how some small businesses currently advertise their services. A Chinese restaurant will spend the cost of printing out their menu and will also spend money on mailing each menu to potential customers in their area. Many of these flyers will get thrown away and their advertising money goes down the drain. What excites me with Lomocoin is that businesses will be able to use the app and get guaranteed foot traffic in their door. This quickly reminds me of facebook ads/google ads for foot traffic. If Lomocoin is able to do achieve something like this, then this could get really big.
So Is it a Buy?
I think that buying this coin is a great long term buy. I hope to be doing a a video review on my youtube channel soon. You can subscribe to it here
Also follow me on twitter
This article is just to bring some awareness to a project that has a real product with over 300,000 confirmed downloads.
