As we all know, most of the coins out there are only replicas of the first ones, with some fancy name and minor changes in the copied code. This makes me believe that most of the current 80 coins we see at coinmarketcap will slowly but steadily fade away, leaving the coins that has either a) some innovative invention, or b) a tightly knit community.
I recently moved my relatively small investment in the cryptos to CasinoCoin, which I think has it's strength in being one of the few coins that, for obvious reasons, has it's own niche.
In the near future the hard-working developers of this coin will be launching the very first Casino which solely will be using the CasinoCoin as a means for payment.
Someone might say that there isn't a demand for this kind of a thing, that a CasinoCoin would just be redundant, and could just as well be replaced by Bitcoin or Litecoin which could serve for the same purpose. That was my first thought.
But then I realized that I had overlooked the whole thing. As this crypto market is extremely volatile, extreme changes can happen in the matter of days, because it revolves so much around trends. Many people move their money to the coins that are on the up trend, just going with the flow.
Assume for amoment that there actually is a well-known crypto Casino using Litecoin for its payments. Suddenly Dogecoin comes along, and 90% of the Litecoiner's move their money into Dogecoins. Naturally that would mean that Litecoin's value will decrease exorbitantly, and the Casino using Litecoin would perhaps have lost their whole business, and start over from square one.
After taking this in regard, it seems reasonable to have a coin dedicated to gambling. Given that there is a demand for such a crypto Casino, it would definitely not be a disadvantage to implement a coin for this specific business. At first, the whole coin will be a gamble in itself, this is the phase in which we currently are, where the market cap is very low. No one knows how much this market will yield, but personally I would guess for a market cap somewhere around $1,000,000. (Wishfull thinking
)
Of course this coin will just as well be prone to speculation-trends, making it shift in value - but then at least there would be a stable market cap just for the casino business. The fact that the coin value can go up and down will just be an addition to the gambling aspect, rather than a threat.
Putting money into CasinoCoin would definitely be considered a high-risk investment, since it currently has a such a low market cap, and it will either make you a big loser or a big winner. I would ask the gamblers out there to at least buy a small amount of this coin, since the community is a hard working one!
On February 8th the Casino will be launched, and in the coming weeks we will be starting giveaways.
I should also add that this coin had 0 pre-mine, and that is a relatively small amount of coins that will be issued.
