Thursday, 7 September 2017

Scenes from the crypto gold rush

The first is called Wild Crypto and is that most fashionable of financial fandangos, an ICO or initial coin offering where projects with somewhat hazy business models raise funds by offering for sale their own currency. In this case, the idea is that you subscribe real cash or rather you turn that real cash into the Ethereum crypto-currency and in return you get a new currency called Wild coins. These can then be used to play on the lottery gaming platform that Wild Crypto is developing. The white paper, the document that is an essential but often opaque accompaniment to any ICO, explains it like this: Players will be able to take part in a global lottery and lottery-based games at significantly better odds than national lotteries.

1 comment:

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