Machtcoin describes itself as, “… a cryptocurrency built with the latest blockchain technology creating an eco-system application based on our 3 pillars project that consist of Sport, Travel & Tourism and Trading”.
The areas chosen by Machtcoin target the three biggest leisure revenue businesses worldwide. For example, the global sports market total revenue in 2005 was estimated to be $46.5 billion (in U.S. dollars) by 2017 total revenue was $90.9 billion. Similarly, the direct economic impacts of the tourism and travel industry (including accommodation, transportation, entertainment and attractions) in the U.S. was estimated at approximately $2.3 trillion U.S. dollars.
But what does Machtcoin envision for these three pillars and how is it integrating blockchain technology?
First, for sport Machtcoin is building a sports betting system without third-party involvement to operate and will include many sports. All transactions will use Machtcoin and Bitcoin with the advantage of low transaction fees.
Second, Machtcoin is building a travel and tourism platform based on user input and big data mining. Machtcoin is providing a rewards system on the platform whereby users can provide any travel and tourism destination suggestions with geo-tagged selfies for rewards for sharing their experience with other platform users.
Third, Machtcoin will create a trading platform for platform users with traditional trading methods and binary option methods.
The integration of the three pillars on a blockchain platform provides many advantages as user can conduct trades, place sports bets and find the best locations and deals for vacations and travel. The platform provides many of the advantages offered through the blockchain such as anonymity, transparency, fast and secure transactions, and low transaction fees for users. The project will support multiple devices (tablets, phone, laptops, PCs) to provide use and access to MachtCoin. Users will be able to access the platform using any device, anytime, and any place.
The Development Plan
The development plan is well laid out and presents an ambitious timeline with the creation of mobile and desktop wallets just after listing of Machtcoin on coin exchanges.
The team will move quickly to develop the Machtcoin application and establish the working version of the internal exchange by mid-May 2018. More details of the roadmap can be found in Machtcoin’s whitepaper.
The Machtcoin Token
The Machtcoin token will list as MCH on coin exchanges and 36,000,000 tokens will be issued. The ICO starts on January 15th until February 8th 2018.
Other Opinions of Machtcoin
Machtcoin received high marks from ICO ratings given by FoundICO who gave the project individual scores in various categories of: 9.2 (main information), 7.5 (financing), 8.6 (Product and minimal viable product) and 7.0 (marketing).
The Risks to Machtcoin
Machtcoin presents an incredible vision to target the three largest leisure revenue streams which are inter-related in many ways. Many people travel to sports events with some interested on wagering on the outcomes of their favourite teams. One risk is the integration of Machtcoin’s three pillars that may present an enormous workload for the day to day operation of the business.
Machtcoin having split its resources across three business lines will face competition from other companies both on the blockchain and tradition businesses that focus entirely on single streams. Competition from other blockchain sports betting companies with ICOs include Wagerr, EtherSport, Esports, Xwin.io, Betterbetting, Viabet to name a few.
Summary
Machtcoin is a well thought out project idea that will integrate three of the largest leisure revenue streams under one umbrella. The whitepaper outlines the development plan and the advantages of combining the three business lines together. There are many advantages for users that will be attractive especially the low transaction fees and the ability to access the platform from anywhere at any time using any device. Anyone interested in sports betting and travel will find Machtcoin an appealing platform to use which should see its numbers of users increase quickly after the platform launches. Machtcoin will compete in a crowded sports betting sector but brings much more to its community than other ICOs. Machtcoin’s ICO runs until February 8th 2018 – it is time to double down on Machtcoin as it is an impressive ICO.
Machtcoin Quick Links:
Website: https://machtcoin.co/
Whitepaper: https://machtcoin.co/
Machtcoin Summary Details:
Category: Finance, Sports betting, Leisure, Travel
Platform: Blockchain
Token Code: MCH
Amount of Tokens: 36,000,000
Amount of Tokens for sale during ICO: 8,000,000
Social Media Links:
Facebook: https://www.facebook.com/machtcoin/
Twitter: https://twitter.com/macht_coin
YouTube: https://www.youtube.com/channel/ucddwbdgrrxp5otcln9mak6w
Telegram: https://t.me/machtcoin
Instagram: https://instagram.com/machtcoin
Initial Coin Offering Chat 