Fiat Daily posted on February 20, 2019 07:43:36
At first glance when looking at the platform it looks pretty cool: they are a multiplatform smart contract creator for people without coding skills. The platform is live and has already a variety of users that have launched smart contracts with it. From an investor perspective this has only been a great investment so far if you were able to buy the token between ICO and all time high (which was Q4 2017), so the timing for the ICO was perfect on hindsight. And you had to sell it before the bear market set in and crashed the price. At its peak the token was at a marketcap of $40million (ICO sale was about $2.5m), currently the marketcap is around $500k and volume $20k, only on a Turkish exchange. Other exchanges are COSS and IDEX with $0 volume. Previously on Cryptopia as well, but that exchange has mysteriously disappeared. The community seems very eager for better exchange listings for the WISH token, however the team is more preoccupied with airdropping WISH token linked tokens on other networks, such as EOS (EOSISH) and TRON (TRONISH). They even prioritize listing TRONISH over listing WISH. Idk the reasoning behind this though. WISH token holders will get the most of the TRONISH total supply airdropped compared to other airdrop recipients. The WISH linked tokens on the other platforms are supposed to be used as fuel for WISH smart contracts on those platforms, because with MyWish you can launch smart contracts on multiple blockchains: Ethereum, NEO, EOS, TRON and even Bitcoin (through RSK-Rootstock). Ethereum offers the most types of smart contracts, including ERC20 token, tokensale, airdrop, investor pool, will, wedding. Bitcoin only a will and personalized contract (written by team). On Tron you should also be able to create a game asset. The WISH token is supposed to be used for payment for creating smart contracts on the platform. Part will be used as fuel for the use of the smart contract, part is for payment to the company and part should be burned, so that with higher use of the platform the token supply decreases while demand increases which should benefit the price theoretically. On the other hand several contracts, such as launching erc20 tokens and token sale contracts are payable in ETH, so at least these smart contracts do not benefit WISH token holders. The success of WISH token entirely depends on the success or even existence of the MyWish company (as with so many projects though) and if people will use this specific service and no competitors will create better solutions. Also some of the smart contracts (will, wedding etc) depend on mass adoption of cryptocurrency and blockchain powered smart contracts for that type of legal contracts. I like the fact that they have a multichain approach and their user interface looks very simple to use for non-coders to launch smart contracts on blockchains. Easy access to liquid markets would however also be a requirement that currently stands in the way of success. From what I can see this is an active project that is developing useful applications in an innovative way. So I am cautiously positive about this project. IF the project really takes off and demand for the WISH token indeed increases AND becomes more accessible on more liquid markets, then at this point the token is at a huge discount now and it could turn out to be a gem. On the other hand the risk is very high from the current perspective and a lot of patience and unshakable trust in the team and project for an extended period of time would be required, because selling (under current conditions) could even turn out very very difficult (bc of extremely low trading volume).
CryptoEclipse posted on February 14, 2019 22:41:48
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