In online casino games, blockchain has a huge edge, but there is no reason for a clear market leader like BTC, so even if you see the potential of blockchain here, it’s still difficult to invest in the space...

With Sports Betting though, esp. with P2P, liquidity begets liquidity. So it’s an area where there will be a dominant market leader and blockchain has huge advantages over traditional sportsbooks.

IMO WGR is currently still the no.1 play in this space.

WGR Advantages

1. WGR brings privacy, transparency & safety to a $500 Billion industry of which 70% is on the black market.
2. No KYC and based on PIVX privacy tech
3. Constant development and communication since ICO & far ahead of any competitors in providing a true blockchain based solution.
4. Comparable volume to Augur (much better on like for like events) & better growth despite being 1/17th the valuation.

WGR Flaws

1. WGR doesn’t have a stablecoin or allow betting with an existing stablecoin.
(This is good for WGR demand but negative for gamblers who are making calculated bets only to see their fortunes dictated more by the rise/fall of WGR price and who struggle with liquidity if they wish to exit.)
- Some stablecoin solution is apparently planned for the future

2. WGR is currently not profitable. In theory 3% of all betting volume will be burned over time (due to house edge) but in practice WGR has minted an amount equal to 3% of all betting volume to date.

3. There is no per event limit, so when the fix is in, or an outsider gets lucky, WGR can experience huge mints which it lacks the ability to absorb/contributes to volatility.

There’s also a gambling section on bitcointalk you might want to post this.

But yes WGR is game-changing. It’s profitable, how many other blockchains are? It offers best odds. Except for funds currently on bets, you control your account with your private key, so someone can’t run away with your WGR. Just download the QT wallet & play, also offers privacy. Less than a few weeks in and already much more popular than things like Augur.

Are other people’s desktop wallets working at the moment? Mine says ‘synchronizing with network’ for hours.

Cool, good luck.

I see DAPPs like STX and Augur only have 30-something users per day, so XFC is not doing badly considering not even on CMC. GL for upcoming season.

Both of the major fantasy sports companies in the US, Fanduel & DraftKings are racing to offer sports betting after a recent law change...

http://fortune.com/2018/08/01/draftkings-sportsbook-betting/




Has XFC considered adding football betting?

You could start with just one high profile match a week to see if there’s any interest.

(The global sports betting market is worth hundreds of billions and >65% of it is bet on soccer)

Have those who participated in the $500k airdrop been paid yet?

Maybe try contacting AllSportsChain (SOC)

Email: Info@allsportschain.com
https://www.allsportschain.com
https://coinmarketcap.com/currencies/all-sports/#markets

They are partnered with AllFootball...
“The largest and most active football media and community. More than 50 million football fans”
They are endorsed by Eden Hazard & Sergio Aguero.

From Whitepaper...
“The Foundation's aim is to create a decentralised, globalised sports blockchain platform... for a variety of blockchain-based applications in the sports industry.”

Their valuation has been declining from a peak of >$200 million to $35 Million...

So their investors are looking for good news & announcing a partnership with a great under the radar blockchain football project like XFC could be just what they need. (There may be some legal roadblocks but worth a try.)

Yeah there is a competitor currently doing an ICO, Slate.io (SLX)
Their business model consists of event ticketing (SLATIX) and a NetFlix competitor (BINGE) very much like FLiK.

Without going into too much detail the event ticketing side is worthless as the existing market leaders can incorporate the blockchain solution easily, so SLATIX/AVT/TIX just act as proof of concept to them.

BINGE on the other hand is interesting & they are clearly very well funded & conducting a few high profile acquisitions...

https://deadline.com/2018/05/blockchain-streaming-platform-binge-macon-blairs-the-shitheads-luke-wilson-ron-funches-1202400925/
https://cointelegraph.com/news/blockchain-media-company-acquires-the-beyond-bitcoin-documentary-at-cannes-film-festival

However BINGE’s business model of acquiring exclusive content is expensive, unnecessary and risky. (For example a cryptocurrency user demographic is the low hanging fruit & can also easily access pirated content so spending 7 figures on exclusive rights to a crypto specific documentary is pretty wasteful.)

A very good value streaming platform with decent content & a particular focus on independent film and documentaries, potentially a little controversial for NetFlix & with the addition of a crowdfunding section, like FLiK would be much better & more cost effective way to enter the market.

So either Ryan is already advising them, or he is going to feel a bit miffed if they become the next unicorn & he’s like, that’s basically FLiK or he delivers FLiK & ends up being more popular than BINGE, for a lot less money

No good news recently, in fact there is A LOT of risk investing as the founder has not communicated an update in >3 months.

But there is also a lot of upside, if the project is ongoing & is launched then the valuation will jump >25X imo
(Even with only a few thousand platform users early on, I could easily see this as a >$100 Million project actually esp. if market picks up.)

You claimed to have 12 million FLiK tokens on 18th March & then said you sold them all by 23 June.



Unfortunately for you only circa 4 Million FLiK total has been deposited onto CoinExchange and EtherDelta during the last 100 days.

CoinExchange Address: https://etherscan.io/token/0x17fd666fa0784885fa1afec8ac624d9b7e72b752?a=0x4b01721f0244e7c5b5f63c20942850e447f5a5ee

So that was a lie. My guess is you are trying to accumulate because you are always talking about it being a scam, how much you have dumped, how low it is going to go & even your name etc. I.e Everything you do is aimed at getting people to sell. (If your ‘Binance whale group’ really wanted to dump a big position over the last 100 days you would have talked up the price instead.)

Last update was nearly 3 months ago, but yeah still a while.

But Ryan has worked in the film & video industry for years and he’s been in Bitcoin since 2012, FLiK is such a natural synergy of his talents & interests with so much potential for success that I doubt he’s given up on it.

The Co-Owner T.I. is a hugely successful music artist, who’s also been successful in film, tv and writing. He has loads of star power in his own right but is also hugely connected in the industry.

Kevin Hart is the 37th most followed person on Twitter & as T.I’s friend, he presumably tweeted about FLiK for free/as a favour... https://mobile.twitter.com/kevinhart4real/status/909097402006671363?lang=en

Meanwhile SONY allegedly paid Kevin Hart $2 million dollars to tweet but FLiK got that for free thanks to T.I. & Kevin.
https://www.google.co.za/amp/s/amp.www.complex.com/pop-culture/2014/12/it-costs-2-million-dollars-to-have-kevin-hart-tweet-about-a-movie

Right now crypto penetration in the US is still fairly low but should grow dramatically in next few years to South Korean levels. (South Korea was a few years ahead in the social media revolution too.)

So basically between Ryan & T.I., FLiK can take on much bigger competitors & win. Obviously there’s risk involved but wow what an opportunity

EDIT: Wrote an idea about FLiK crowdfunding below but I forgot funding on FLiK is already going to be part of the FLiK platform in future, doh  


http://www.theflik.io

But will leave the below idea here to use, just in case they weren’t referring specifically to crowdfunding above, but more the type of investments they made in ‘Summer Nights’ etc.

FLiK FILM CROWDFUNDING  

FLiK is not only the go to platform for short film, documentary and independent film-makers because of it’s >92% revenue share...

But in future could also allow film-makers to crowdfund in FLiK tokens and on release FLiK will automatically distribute revenue share to investors as per the crowd-funding agreement.

Example

Mr. X is seeking $50 000 funding for a documentary on the rise of crypto-currency in America.  

He is willing to give 50% of all viewing revenue generated on the FLiK platform to investors as well as 20% of any additional revenue.

FLiK takes a small 1-5% fee for hosting the crowdfunding and automatically distributing 50% of the viewing  revenue generated on the FLiK platform when the documentary is released to the addresses who contributed to crowd-funding it.

The story circulating now is that Tether was used to artificially inflate BTC...


http://www.the-blockchain.com/2018/06/13/fraud-experts-study-links-tether-to-crypto-price-manipulation/

But isn’t it simply the case that when Tether holders see BTC price and volume rising on key exchanges, that they would obviously use their Tether to buy BTC on any other exchange where the price hasn’t reflected that move? Essentially just an arbitrage trade.

& that Tether holders would obviously buy BTC as soon as there’s great BTC news, that’s why they’re in Tether not fiat so that they’re able to take advantage of clear BTC price moves quickly.

So obviously there is a huge move from Tether first into BTC on major positive news or technical indicators, but they are not causing the spike, just doing so first because the money moving from fiat to BTC on good news/other takes longer to get into BTC.

I like LOC but I think like many will wait for the $500k airdropped tokens that will be unlocked between 15/7-30/7 to be dumped on the market first. Will be interesting to see if it goes higher in the interim though

I still think there’s a >50% probability the platform will launch.

http://theryanfelton.com/clearing-the-air/




ICO’s/Tokens are a double edged sword. They open up direct access to thousands of micro investors which gives start-ups the potential to get $100 million + valuations virtually over-night, which FLiK is capable of but it also means having to deal with horrible trolls and micro investors who think you owe them the world.

Given Ryan’s albeit justified reaction, it’s also possible that anyone who doesn’t want FLiK to succeed could pretend to be a disgruntled harassing investor and put him off.
 
http://www.theflik.io/blog


Obviously that was over 2 months ago which is concerning but given,
- The lack of movement of FLiK shares in main address
- The reputation risk over so little $
- The huge $ potential of a platform like FLiK
- The fact that work clearly continued till at least two months ago
... It seems unlikely FLiK is done but more likely that Ryan is not a fan of constantly dealing with micro-investors & trolls at this stage.

If that is the case, it’s quite clear that FLiK ultimately needs a marketing director to communicate and interact with the public and also to be a filter and buffer against the trolls. That way FLiK builds community support during the development phase while Ryan can focus on ‘the big picture’, literally too

I think they’re struggling with the kind of content deals they want from the major studios. However AFAIK from the last update platform is pretty much ready.

FLiK highlighted a big problem in their marketing material which is that independent films really struggle to get fair content payment as the distributors notoriously inflate marketing and other expenses.

There’s definitely a market for a ‘NetFlix for Independent Films’ imo which FLiK would be perfect for. (As opposed to LBRY or TUBE who will have too much YouTube type content to really be the go to Platform for quality independent films and documentaries.)

So if they’re struggling with premium content deals, I think there’s still value in launching as an independent film platform in the interim where filmmakers get 92-98% of their viewing revenue, which is pretty incredible. (& unlike premium studio content, independent film-makers will direct their fanbase too FLiK & so help bootstrap the platform.)

Very disappointed to hear about the $500k airdrop in June

While it follows a PayPal-esque model (who famously bootstrapped by giving $10 each to new users)
Unfortunately it is completely misplaced in the token model & over the last 5 years I’ve watched probably >100 tokens attempt to apply the same flawed strategy.

In the PayPal example they had money set aside to fund the incentive. However if they were giving away $10 dollars each in shares of their relatively illiquid, low value start-up, they would have also lost the majority of their valuation & not attracted new users in the process. (The illusion is that at a $10 Million Cap you have $0.5 Mil to give away but unfortunately in illiquid start-up tokens, the buy support is not there and will completely evaporate as investors see the short term selling pressure from even $50k of airdrops. Nearly all tokens quickly stop airdrops tied to a specific dollar amount.)

In practice the airdrop will severely decrease the share price, thereby scaring away existing investors and supporters, while also not encouraging adoption as new users will quickly sell a dropping token. There are also active groups that target share drops for profit, so low customer conversion & there are also groups that successfully employ mass multi-accounting to game airdrops too.

At the current valuation your $500k June promotion is giving away circa 500k LOC (But the cost in LOC terms will rapidly increase as the LOC price decreases but you are still price fixed to $10)

A Customer acquisition strategy that does work is incentives for

a) making a purchase using the platform
b) holding the tokens medium to long term
c) NEVER price fix to a $ amount

Very quick but...

Alternative Promotion

Every single day 10 random LOC customers will win 150 LOC Tokens Each!!

Conditions:

- You must have booked at least one night’s stay via the platform in the last year & you must have a balance of >$10 worth of LOC in your account at the time of the draw. (Every additional $10 worth of LOC you have in your account gives you another chance to win!)

COST: Circa 500k LOC per year

FOR INVESTORS:
Most existing investors would be rapidly converted to LOC customers & long term holders.

(A 500k LOC p.a promotion would be the equivalent of a 10-25% p.a return on LOC held long term assuming 2-5 Million LOC participating in the promotion.)

FOR CUSTOMERS:
A) Would be incentivized to make their first booking & maintain a small LOC balance.
B) Are incentivized to frequently visit the platform to check if they’ve won.
 

LOC Supply/Demand

TOKENOMICS 101: In a potentially high revenue token business, such as hotel bookings you should incentivize HODLing so your capital flows are driven through a lower circulating supply to maximize token appreciation as your user base and revenue grows.

I know you won’t change your existing promotion at this late stage due to a random post but hopefully you will know now to pull the plug when LOC inevitably rapidly drops >50%+. Good Luck

You could also try stocks.exchange, I see they listed a coin that only has a $0.5 Million Market Cap which coinmarketcap then listed in the last week.

https://coinmarketcap.com/currencies/bitsum/#markets

Even if it’s a small, not very good exchange will be great to get on coinmarketcap before World Cup so more people become aware of and look into XFC especially as crypto is picking up again.

Yeah any token that is only available on a non ETH platform will have an uphill battle gaining traction. Many people don’t trade or invest in non ETH tokens and they’re also much easier for exchanges to list.

While it has some flaws imo, a platform which looks like it will be very popular soon and a good fit for XFC is EOS. They have high TX throughput and hopefully no TX fees. They’re already worth $5 billion & have > $1 billion to invest in growing their ecosystem.

By being one of the first to adopt EOS you could get some publicity and be easily listed on EOS focused exchanges before the market becomes too saturated as is the case with ETH tokens.

You could perhaps consider contacting EOS VC and say that you are already a high quality, fully functioning blockchain based project with X users & only need funding/assistance to make XFC available on EOS, EOS based exchanges and any mutually beneficial publicity. (You could mention that the Football World Cup, the most popular event in the world, is coming in June, the same month as EOS launches, so being able to mention having a high quality football based project moving too/launching on the EOS platform may be positive for them at that time.)

https://eos.io

https://docs.google.com/forms/d/e/1FAIpQLSem3St8nEonmwm2UPVi-hu20cZmwauj6_aQgLGcsoupIUHNYg/viewform

Lol, this is the worst bounty error ever right?

The biggest irony is the CEO supposedly structures derivatives but couldn’t structure a basic ICO.


Even now the strategy is incorrect, just release all the bounty rewards now prior to product release, at least that will create a buying and investment opportunity as opposed to scaring off investment for the next 16 months.