Place/Date: St. Julians - April 26th, 2018 at 7:59 pm UTC · 5 min read
If the past year taught the financial world anything about cryptocurrencies, it is how volatile in nature this new form of digital currency is. The overall Market Cap in 2018 has halved from the Peak of $835 Billion from 2017.
Furthermore, for a market driven by sentiments, ‘News’ has been a primary differentiator in case of a nascent segment like Cryptocurrency.
The first such news was a story claiming prominent Bitconer Nobuaki Kobayashi selling $400 Million worth of BTC. Adding to additional speculations about him still holding $1.7 Billion of BTC that he could dump at the Exchanges led to a selling spree in BTC.
There were also rumors about BINANCE servers getting hacked, which saw a massive crash in the prices across the Crypto market. The lack of regulation of Crypto Exchanges by governing bodies led to the announcement that exchanges feel under a different category than before, resulting in a further decline in value.
One of the final events in this pattern was when popular platform Bitfinex were subpoenaed by the US Commodities Futures Trade Commission drove the market into a further panic.
Blockchain solutions company Liger believes that cryptocurrency users will want to place their trust in such a currency that promises that irrespective of fall in the value of other cryptocurrencies, the pricing of that one will remain stable.
This is where the LIGER platform’s native token could come into its own.
Liger identified the space for placement after a thorough research. Implemented at Offline and Online Casinos, Fantasy Sports Portals and Live Betting Websites, LIGER looks at solving this puzzle through a mix of tried and tested methods with innovation at its core.
The overall Industry is close to $ 400 Billion and Liger aims to reach an MS of 1%.
Liger has devised a process of helping the token sale contributors create ‘long-term asset creation’. A Unique Staking Mechanism lets them earn by Staking their Tokens to Liger. Liger owned and affiliated Casinos will use this amount to bet on behalf of the Casino in games like Poker, Baccarat, Blackjack and more.
The winnings (after provisioning for OPEX, Taxes, Reserves, and Burning) through all such games will be distributed amongst all the Token holders that have Staked their tokens to the Casino in the ratio of their contribution.
This creates Long-term wealth creation since the Staked Tokens also keep giving returns to the Token holder. All such distribution is undertaken through smart contracts thus eliminating any human ‘errors’ or ‘favours’.
Not just this, The LIGER Casinos allocates 1% of the overall Casino’s Winning to Token Burning. Equivalent value Liger Tokens (1% of the Casino’s Wins) are burnt every quarter from Reserves or Buy-back from Exchanges.
This unique mechanism continuously reduces the supply of the Tokens thus driving the Prices upwards at the Exchanges. Thus, combating volatility in prices and increasing a demand at the Exchanges.
Liger will also be backed by the assets of the Casinos and businesses it owns and be high on ‘cash flow’ due to the very nature of the business of Gaming. This facilitates participants in the ICO to acquire a Token that aids ‘Long term, asset-backed value creation’ of their Crypto portfolio.
The Casino and Gaming industry has also been facing its own set of issues with respect to its biggest stakeholders: the Gamers and the Merchants. Some of the primary obstacles and their solutions in the Liger ecosystem are:
Liger advises that being an Industry in its neonatal phase, Crypto Token Holders must understand that they need to have their Risk Percentage sorted and stick to it.
Being new Asset classes, it is important to know that this is a ‘High Risk, High Return’ venture and compounding losses will not help. For example, if the stocks are falling and you see a departure from the Roadmap of the ICO from the initial Whitepaper, it is advisable to book your losses and exit.
Allocate a single digit % to them and avoid buying at all dips or to average.
Lastly, choose the Industries that the Crypto serves and go for the ones that have a large Industry base to build its business upon.
Liger has started its Pre-ICO on 18th April 2018 which will go on till 10th May 2018. Post this, the ICO will commence on 11th May 2018 and go on till 11th June 2018. During these phases, a bonus will be offered at the base price of 0.025 € per Token.
Disclaimer: Liger is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.