We are a group of cryptoenthousiasts who do research on coins and tokens and we write reviews based on those findings.
Our first review on steemit is Billionaire Token.
This project has woken my interest, because it takes a very unique approach to create value for the long term HODL'er within the gambling and poker community, using its unique deflationary mechanism.
Where most coins are mined, XBL destroys tokens over time, making the ones you hold, much more valuable. The amount of tokens to be sold is limited to only 3,049,999XBL, a rather small amount compared to many other cryptoprojects.
What really sets this amazing idea apart from the many forks and copy paste-projects is the
"BECOME A BILLIONAIRE RAFFLE"
Every week you can send 20XBL to an Ethereum Smart Contract, the equivalent of one ticket, and enter the weekly lotery that will make 3 people a Billionaire. This would be amazing, some thought however: the market cap is way too low to make even 1 millionaire and we have no proof the raffle is random!
BILLIONAIRE HOLD'EM
The developers also invite the poker player in you to their XBL Texas Hold'em Multiplayer Game, where you can see how good your hand is and where you can win XBL tokens!
We do not often come across a project this unique and we congratulate the developers on their work so far. However, the real work still needs to be done: the idea is finished! Let's wait for results...
We believe in the deflationary mechanism and we also believe that this will be setting a new trend for the whole gambling and poker industry. Or, they'll come up with something new.
Chart technically we see a lot of potential for this token,
if the development team can fulfill their promises. It is a brand new project, so I can't really analyse any charts, however:
With a current marketcap of only $579,341 and tokens being destroyed, you hold value, and when the crypto community finally finds that out, expect strong growth for this token! But this growth can only be sustainable when the real development succeeds: the raffle and poker game.
Currently the token trades at only 0.00005993 BTC, another opportunity to get in early at cheap prices.
It won't go the moon, but I see the potential of a marketcap of about $1,000,000, and that's nowhere close to a billion!
However, up to now, we haven't really seen any further developments and we will be watching closely and inform our followers about the achievements of this team.
We expect more info soon on the Raffle and Poker chapters. Only then, we start thinking of buying these tokens, not earlier!
Our conclusion:
XBL is a BRAKE!