As Dr Mike has said if bitstake gets 1% of Remittence it could be huge. Bitpesa is doing really well so why can't bitsake
It will not happen in one day. This is a start up and will take time. Bitstake has more advantages than theit competitors (P2P lending, Oniine wallets, multi-staking wallet, and XBS)
Nigeria is more connected (via smartphones and internet than Kenya) + the Remittance is $21billion to Kenya's $1.2Billion.
The give away is brilliant. i have not seen another Remittance company in Africa use a "GIVE AWAY" of Bitcoin to attract users. This will attract users and educate them about not only BTC but Alt-Currency.
This coin should not be measured in terms of Price. That is for gamblers and so "Crypto day traders" which all 99% of the Crypto investors are really. That is why you never see any facts, figures, or links in their post.
Actually, it would be helpful is someone would put together a chart like to following (see the link below), so people can relate percentage of MarketCap of Remittance to price.
Things I expect from XBS:
1. A spike on XBS, followed by a drop April 1,,,then a constant, slow rise to the Moon. Why? This coin is part of a start-up's platform. It will take time to gain marketshare. It will not happen in a day or even a month.
2. This is the easiest sell in history. That is why Remittance is the key to Bitcoin going MOON. $340Billion is slowly trending to BTC and the banks and middle men are going nuts, because the trend is accelerating.
Do you want to pay 12-20% to transfer your money home in 2-3 days or do you want to USE BTC and pay less than 1% and transfer the money instantly? Easiest sell in the world. The biggest obstacle is perceived legitimacy "That is the reason BTC is on the platform" - Brilliant. (The below link shows how perceived legitimacy is obtained in crypto)
3. The day traders will control this coin for the first few weeks. We will be at their whim, but they will slowly lose coins and % of Marketcap as "Real" African users pile on and "Real" investors like my team steal their coins. Guys like "Piston Honda" will then have as much affect on the price as they have on BTC's price.
4. The last thing I expect is for my team to own a HUGE percentage of this coin. Why? Because these daytraders are impatient, uneducated, and fickle... They do not do any research will jump from this coin to ANY SHITCOIN that is moving that day. We will be buying all they have like we did from 70K to 15K. So, believe it our not, I actually kinda like the Piston Honda's of the world. He made US a lot of money. I might send him flowers. Every coin we hold is off the market for a year+ and staking.
AND WE HOLD A LOT! DO NOT LOOK AT THE PRICE. LOOK AT THE MARKETSHARE OF REMITTANCE ACQUIRED. THAT IS ALL THE MATTERS AND WILL SET THE PRICE.
http://www.runtogold.com/bitcoin-price/http://www.cnn.com/2015/02/17/business/bitcoin-africa-unbanked/index.html
