This is a continuation of part 1 here.
This is not financial advice! I'm just doing this for entertainment purposes and telling my personal story on my blog. Please don't make financial decisions based on what you hear from me!
Crypto Hunt
This is another ICO I got whitelisted for and contributed to early.
From the Whitepaper Summary:
CryptoHunt is an augmented reality game which uses game theory, economics, and pure old- fashioned fun to entice users into playing. The company’s business model rests on the massive adoption of the game, bringing along lucrative sponsorship deals and partnerships with retailers, bars, fast food locations and other points of interest.
Players will explore real world locations in search for virtual chests, items, and creatures, investigating a layer of a mystical world placed on top of our own. They’ll compete and race to complete challenges, work together and against each other, and earn money while doing it.
I've posted about Pokémon Go directly and indirectly here, here, here, and here. I enjoy playing with my son and while getting some exercise.
Since the very first day I started playing, I thought to myself, "Why has no one created a version of this using cryptocurrency?"
That's why I'm excited about CryptoHunt and hope more people will support it. This is a way to get every day people involved in cryptocurrency which, to me, is the future path to increased freedom for humanity. Crypto Hunt even mentions the possibility of a CH Debit Card!
A debit card is planned for the future which would allow players to spend their tokens directly or withdraw from ATMs.
That said, I'll take this with a grain of salt because there have been many projects which come and go claiming to integrate with the existing banking system and many don't end up pulling it off (side note: that's why I like how SmartCash is building an entirely new system which doesn't use the existing legacy network).
So on to some more details about the ICO:
The total supply will be 500,000,000 coins. The soft cap will be set at $10,000,000 or 200,000,000 tokens, while the hard cap will be $15,000,000 at 300,000,000 tokens.
That all sounds good, but so far the Crowdsale seems a bit slow:
I thought it would sell out quickly so I got in on the pre-sale which limited the amount of ETH you could contribute. Seems that wasn't really needed after all.
Additionally, once the ICO is over, the tokens given to the contributors will be locked for 30 days after the ICO, and will be gradually freed up at a rate of 12.5% per week after that, to be 100% released on launch day (June 1st). This mechanic is in place to prevent a massive sell-off immediately after the ICO, thus dropping the token value dramatically.
I really like this appraoch as many markets go crazy when ICO tokens are released all at once. But... if they never reach the soft cap, when happens then? It seems the ETH will be refunded and the tokens will be sold directly on exchanges to fund development and keep the project going.
Unlike many ICOs, this one actually has a working demo which shows they are serious about the project.
You can download it now from the google play store here:
I saw in telegram chat the demo already has 3,000 downloads, and it looks like it even has some good reviews (though the whitepaper makes it clear this is just a demo and not a reference to the high quality the final product will have). I'm super excited about trying the demo, but unfortuantely I have an iPhone and there have been delays with the Apple Store in terms of getting it approved and released. The current line is "any day now" for when the IOS version will be live.
There are some more details here you should be aware of (read the whitepaper!) such as how your tokens in-game will start to go away if you don't play regularly (tokens in your ETH wallet will be fine) and there will be a minimum amount needed for a withdrawal from the game.
There's also some benefits (up to 10%!) for those who play the demo and participate in the ICO.
Speaking of ICO benefits, if you're interested in this one, please use my referral link.
Did you catch that?
I have a referral link.
Just wanted to make sure you got that. :)
I love cryptocurrency projects which have a real-world appeal and have a good chance of disrupting an existing successful model. I play these games already, so I'd love to earn cryptocurrency while doing it, just like I blog already and get to earn cryptocurrency if I blog on the STEEM blockchain.
If you have questions, check the FAQ here. To see if they will support your city, click the "Locations" menu item on their website.
Remember, this is a speculative long-shot and may end up failing completely. Don't take this as financial advice, it's just me talking about stuff I'm interested in. Let me know what you think in the comments and stay tuned for part 3 where I'll dive into RavenCoin a bit.
Update: Looks like there's now a way to beta test the IOS app according to this tweet.
Edit: part 3 talking about Raven Coin is live!
