BILLIONAIRE TOKEN ($XBL) – NEW WEBSITE LAUNCH

BILLIONAIRE TOKEN ($XBL) – NEW WEBSITE LAUNCH

Analysis Uncategorized
November 17, 2017 by Bitzamp
317
Billionaire Token ($XBL) new website will be launched on November 19th. What is Billionaire Token (XBL) ? XBL is an ERC-20 token focused in the niche of gambling. Many would argue this area as saturated with decentralised prediction markets like Augur ($250 million MC), dominating the crypto gambling arena.However, XBL has enough innovation to separate
billionaire-token-

Billionaire Token ($XBL) new website will be launched on November 19th.

What is Billionaire Token (XBL) ?

XBL is an ERC-20 token focused in the niche of gambling. Many would argue this area as saturated with decentralised prediction markets like Augur ($250 million MC), dominating the crypto gambling arena.However, XBL has enough innovation to separate itself from competitors and reach a market cap that would see early investors achieve a very high ROI.


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Why should you invest in Billionaire Token?

Deflationary model:

The majority of cryptos on the market are inflationary, meaning supply will increase over time, which leads to an increased dilution of holdings.One can state with some confidence that inflation is unequivocally bad for investors because increased demand is required to maintain the price. I have seen first hand the kind of damage highly inflationary coins can do, exemplified with MNE, an Ethereum token that has increased in supply by over 500% in just a few months. After seeing my holdings drop in value by over 300%, I realised this kind of coin is always unsustainable for investors in the long run. The XBL team has placed great emphasis on giving value to investors and have decided to use a deflationary model to achieve this objective. The original supply of XBL is 3,333,333 with aims to reduce this number significantly through a variety of methods:

  • Decentralised Raffle: Every week, a raffle is held where users can send 20XBL to an Ethereum smart contract address. 20% of total raffle tokens will be removed from the supply permanently through utilisation of the burn function in the ETH smart contract.
  • Crowdsale Fund: Any unclaimed tokens during the ICO will be immediately burnt. For example, if 1 million tokens are sold, then the remaining 2 million are burnt. The ICO price will remain fixed even if a fraction of the total tokens are sold. Can you imagine the kind of gains you will get if less than 1 million tokens are sold?! Remember, XBL is still very under the radar.
  • Bounties: After the ICO you have the opportunity to burn up to 1000 tokens and receive a 25% bonus. This can be done until the bounty account has run out of tokens. This will reduce the supply by an additional 120k. For more information about bounties, you can visit the XBL BCT page: (https://bitcointalk.org/index.php?topic=2067236.0)

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Unique + Innovative :

Despite the saturation of cryptos in sports betting, there is no crypto that currently targets poker. The whole poker market is estimated to be $10 billion in size, allowing Billionaire token to tap into a large potential market. The implementation of the Texas Hold em game via Ethereum smart contracts will allow for the first ever decentralised poker game. You can read more about this in the whitepaper (https://billionairetoken.com/WhitePaper.pdf).

Luxurious yet sensible ICO:

The Billionaire token ICO only aims to raise a modest 30BTC, which pales in comparison to monstrous ICOs like EOS. One can argue that this is a good thing because motivation will remain high and it prevents the formation of an over ambitious vaporware project. In addition to this, the 5BTC limit per address means that large investors cannot buy up the ICO, thus avoiding the negative effects associated with heavy whale manipulation. The $0.1 price tag per XBL is very generous considering that only amounts to a total market cap of $300k, and this figure could be much lower depending on how well the ICO does.
Memetics:
Many underestimate meme culture in a field dominated by millennials. We have already seen elaborate P & D schemes like ChainCoin rise to prominence through the “HODL” meme and at the other end of the spectrum, long term safe havens like DogeCoin. Many aspects of XBL can be considered meme-ish like the Lambo 50k token bounty, which involves buying a Lambo with a custom number plate titled XBL. Yet what separates XBL from other “meme coins” is that it actually has utility in the form of a poker game, allowing for very easy marketability.

Conclusion:

A deflationary model in combination with an innovative concept makes this a high potential investment. I’d definitely recommend adding this token to your portfolio because it has all of the variables in place to increase 20–50x in value: low publicity, low market cap after ICO, deflationary model, innovative concept and low supply. Billionaire token will be available on numerous exchanges after the ICO, including NovaExchange and Cryptopia. Having said that, it would be silly not to take advantage of the juicy bonuses that take place during the ICO. By investing into Billionaire Token during the ICO period, you’ll not only have the advantage of huge bonuses at a fixed price of $0.1 but also an asset that can appreciate in value without increased demand over a period of time. Who wouldn’t want to invest in a project where their net worth will increase regardless of demand?!

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