The Ligercoin ICO main sale started tomorrow.
The overall aim of Ligercoin is to provide people with a different approach to the online and offline casino world. Based on the Ethereum platform, this is a market that already has a number of different companies and projects that are doing pretty well, so is there even space for another company to be able to establish itself in something that is already highly competitive?
Check their website here
Ligercoin is based on the Ethereum platform, and they make the usual claims of being able to revolutionize the online casino market, but then nobody every does making it pretty useless to portray yourself in that manner. They also note that they deal with fantasy sports markets as well as sports betting, so they are certainly trying to cover each and every base wherever possible.
They note that their approach will result in intermediaries being removed from the equation and that they can provide a greater sense of transparency, which means the players are going to be in a far superior position compared to other non-blockchain related companies.
However, just talking a good game is not always going to then lead to the matching end result, so closer inspection of how they believe that their approach will work is going to prove to be important.
So, when checking out the technical aspect of Ligercoin, we get a better idea of how they are planning for all of this to work. Being based on Ethereum does help since it is known for providing adequate stability and security which, when you are dealing with a casino based concept, is going to be even more important than ever before.
What they are looking at doing is really the same as other casino based blockchain projects, so they are not attempting to revolutionize the casino world in the way that they had perhaps hoped to. Things are run via Smart Contracts, they offer anonymity on their platform, and everything runs just as you would expect with gambling on various games.
Thanks to the use of the blockchain, they are going to be able to provide a fairer game for all of the players where it comes down to a real game of chance. This is clearly different to normal types of casinos where it will be in their best interests to have things fall more on their side to allow them to make money. However, putting things through the blockchain does reduce costs so there is less need for them to place things in their favor.
The new platform provides security, stability and greater fairness in the games, so it is all too easy to see why some people would then be attracted to it as an option.
Looking at the financial side of things is also rather interesting because it does seem as if the team behind this project has quite high hopes for everything that they plan on doing. For the ICO, they are accepting both ETH and BTC, but there is a minimum investment figure which has been set at 0.2 ETH which is higher than most projects that decide to set a minimum.
They are also looking at having a soft and hard cap for their ICO. The soft cap has been set at 4,000,000 EUR while the hard cap is at 41,000,000 EUR. However, the worrying thing is that their whitepaper does show them spending pretty much the entire hard cap, so that could in itself lead to a number of potential problems further down the line.
For the tokens, then they are releasing 75% of the total created during this period. That means you are looking at 2,700,000,000, so they are creating a huge number of tokens. During the ICO, they are looking at an exchange rate of 1 LIC being worth 0.0025 EUR, so you can see how that minimum investment would make a real dent in the number of tokens.
Overall, it must be said there's many other similar projects out there. However most of them seem to of done fairly so far so that's not necessarily a bad thing.
They are creating a huge number of tokens, but as they act as the currency on the gaming platform then that should not come as a real surprise.
Perhaps the best reason to go ahead and invest in this project is because you have noticed how well other casino projects are doing and you missed the boat the first time around.
Website: LigerCoin website
Twitter: https://twitter.com/theligercoin?lang=en
Whitepaper: https://www.ligercoin.com/wp-content/uploads/2018/04/Liger-Whitepaper.pdf
Telegram: https://t.me/TheLigerCoin
