I know that that there are a lot of cryptocurrencies and ICOs that are emerging in the market right now. There are some who have captured the interest of the investors around the world. However, there are those who are still struggling to make a difference in the world of crypto.
We all know that cryptocurrency and ICOs (Initial Coin Offerings) are risky and highly speculative. However, it does not mean that all ICOs are bad. We just have to be more cautious in looking at the project before investing our hard-earned money there.
In today's generation, it seems that a few coffee shops, in-game purchases, and convenience stores in the Philippines have adopted Bitcoin and other cryptocurrencies. However, massive adoption is yet to be unleashed. One of the main concerns that we are experiencing today is the unforgiving network congestion of Bitcoin and Ethereum blockchain network.
As a result, we are experiencing delays in completing our transactions and higher fees as well.
Even if you send something small to another Bitcoin or Ethereum wallet for purchasing goods and services, you need to cover a huge fee for that. In my true experience in withdrawing one of my tokens for the first time, I had a huge BTC fee of almost $30. For depositing, it's kind of painful for me when I try to deposit my Ethereum to Binance. Not only Ethereum fees are included, but Binance's as well. If Bitcoin and other altcoins are going to rise this year, expect the fees will be higher and the network congestion could be a bit worse.
It is where YOLOCoin came into the fray to address these issues we are experiencing now. Without further ado, I would like to review about a promising and emerging Filipino-owned cryptocurrency known as #YOLOCoin.
What is YOLOCoin and why should you take this seriously?
As what I've understood on their website, YOLOCoin is a peer-to-peer decentralized cryptocurrency running under the Waves platform to be used as a mode of payment in convenience stores, shops, malls and others. Not only that, it can be used for sports betting that will be launched soon.
With YOLOCoin, you'll experience faster transactions with lower fees and can be used anywhere in the world. The YOLO app will be used for P2P transactions not just in YOLOCoin, but in other cryptocurrencies as well. It has an easy user interface which is newbie-friendly that can be used anywhere you want.
You can watch the video here about YOLOCoin's project concept:
Since YOLOCoin is under Waves blockchain platform, here are its details:
Identifier: 7CUFo7vaAuxXt9zRCKr544czq8VVBQtBu1c4tEEx2i9H
Name: YOLO
Issuer: 3PQnJTJ5qn2jXm3XUTZP827Nx1bcKi4uncy
Total token supply: 26,888,888,888.00000000
Reissuable: No
Where can we trade YOLOCoin?
Unlike any other cryptocurrencies and ICOs out there, YOLOCoin is currently using the Waves blockchain platform to distribute tokens. As of today, YOLOCoin can now be traded in the Waves Dex Platform against BTC, Waves, ETH and other coins/tokens available on the dashboard.
For you to start buying and selling YOLOCoin, you need to create an account on Waves Wallet. Not only you can access the Waves Wallet on your browser, but it can be downloaded to your iOs, Android and Chrome Wallet.
However, YOLOCoin would integrate to other exchanges soon. We won't know which exchange will accept YOLOCoin first, but I think it deserves to be in the big leagues such as Binance, Poloniex, Okex, HitBTC and so on.
The YOLOWorld Store explained
One of the main projects of YOLOCoin is to launch their own convenience store in Laguna, Philippines. From there, you can buy some goods and services there by using the YOLO app where they accept all types of cryptocurrencies, including YOLOCoin.
For me, I think it doesn't stop there. Once the YOLO app gains massive adoption to other convenience stores, online shops, malls, buying in-game items, sports betting and others, for sure it's going to be one of the best cryptocurrencies in the near future. I also predict that franchising YOLOWorld store to other places would be such a great idea for massive adoption (only if they are open to it).
The YOLOWorld convenience store will officially open on February 2018.
The purpose of YOLO Sports Play
Recently, the entire team decides to launch YOLO Sports Play soon. The purpose of YOLO Sports Play is to allow players to participate in sports betting using YOLO coins. As far as I know regarding sports betting, most of the fans are willing to bet their money for their favorite team or athlete to win. Here in the Philippines, a lot of people in all walks of life are interested in watching sports that makes them want to bet on their favorite teams.
With YOLO Sports Play, you can now bet in NBA, PBA, UFC, boxing and other sports with the use of YOLO coins. Since I like to watch basketball, maybe I could get some extra YOLOs for winning the bet (or maybe I could lose some). Anyways, no matter if we won or lose the bet, we are having fun doing sports betting in the YOLO Sports Play.
When it gains traction here in the Philippines due to the addiction of Filipinos in sports betting, there is no doubt that the international market will join the fray as well. Expect that YOLO Sports Play will be launched soon.
Here's a video about the YOLO Sports Play:
My personal thoughts about YOLOCoin
I think the CEO and founder of YOLOCoin, Gamie Arroyo, and his amazing team are doing a great job in putting this project together. Together with his business analyst, Joel Peñafiel, and development team leader, Haggai Paler, they are here to make a difference in the world of cryptocurrency by introducing YOLOCoin to the public.
Their vision is somewhat I truly believe to be a success in the near future. Right now, YOLOCoin is still in the early stages, so it's still a process for them. Maybe it's a long way to go for them to make YOLOCoin a serious contender in the world of cryptocurrency, but I honestly believe that it will skyrocket in the long run.
I am so happy to be one of the thousands of proud YOLOCoin investors worldwide. I am looking forward for YOLOCoin's massive adoption in the next few years, and I have a great feeling that YOLO would be more than just any other cryptocurrency. This is why we should never underestimate this cryptocurrency once and for all, and the world should take YOLO seriously.
To your future success, YOLOCoin!
Official website: http://www.ethyolo.com
Whitepaper: https://drive.google.com/file/d/15pc2zSUTXXglnsYYshJK8dyEK93FPl_l/view
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=254229