The last 5 weeks returned strong and consistent results for Wagerr. During the period of July 14th to August 23rd, Wagerr's price increased +125%. Over a slightly longer period from July 4th until August 23rd, Wagerr's return on investment exceeded all of the Big 5 crypto coins with the exception of the new "inflated" Bitcoin Cash. Wagerr's return on investment during that 6 week period exceeded Bitcoin, Ethereum, Litecoin and Ripple. Think about that for a second. For 6 weeks Wagerr exceeded the Big 4's return on investment.
Don't allow the process to discourage you. Keep your eyes open. Keep an open mind, and a willingness to learn. Things are evolving and changing on a day to day minute to minute model, so we are all learning as we go along. What we learned about Wagerr in those 6 weeks is that it has the foundation to compete with any coin. It's an asset. The asset is combined with a service based industry. The industry is global and valued in the trillions of dollars annually. Wagerr vastly improves the industry for the user/customer. Demand for the service that Wagerr is will result in demand for the Wagerr Coin. Demand for the Wagerr coin will result in increased pricing. Increased pricing will result in increased return on investment. Increased return on investment will result in increased investment. Increased investment will result in increased demand, which will result in increased pricing. Repeat. While the investment cycle builds, successful bettors will hoard their coins effectively taking them out of circulation, while they continue to bet on the next game. Unsuccessful bettors will continue to reup their accounts, buying more Wagerr and also contributing to demand. Lets not forget all of the fees being burned from bets adds to scarcity & increases price.
Wagerr's success over the last 6 weeks was the result of this successful model. Investors can anticipate what is coming in terms of the future of Wagerr. It's quite obvious the success that is coming. This has created demand for a Wagerr coin, crypto wallet, and service that is still in development and has not even been released yet. So of course it is expected that when price and ROI increase unchecked for 6 weeks before the coin/service are released, there will be retreats in price. It's inevitable. Especially considering the nature of investing and trading. There are many traders who have been taught or have learned to anticipate peaks and to sell then. They actually enjoy leaving wakes behind them as the price drops for a coin or stock. They hope that if anything the resulting drop will encourage others to sell further suppressing the price so that they have more time to invest before returning to scale the next peak. These traders don't participate in the vision of an ico or the vision of a company or industry. They participate in the vision of fiat currency and how much of it can they make on a minute to minute or day to day basis. They come and go without loyalty to a project. Thankfully there are many investors that are not traders, that actually believe in projects, and provide their capital and faith to the startups over time. These investors are the ones that actually represent the backbone of the business and support it long after traders have cashed in chips.
For Wagerr, the key to price valuation increases is the release of the "Official" Wagerr Coin (our current Wagerr Over Waves coins will be traded 1:1 for the "Official" Wagerr coin once it is released), the Wagerr Crypto Currency Wallet & Sports Betting Application. These tools are scheduled for release in succession during the end of the Third Quarter 2017 and the Fourth Quarter 2017. Wagerr has been producing results as if the service and coin launch had already occurred, and that is just a tribute to the foundation that Wagerr has and the truth of what it will become. It needs to be released so that the cycles of buying and the cycles of investment can begin to feed on eachother. Once that happens, it will be as if a global vacuum is pulling in price increases directly from the global trillion dollar industry. The Wagerr machine is poised for phenomenal success, but the machine has to be released, and it will be in time (soon).
Another Key that we hit on in a previous update is that Wagerr's team is very sharp and they are quietly approaching Wagerr from a new and different perspective. They aren't making announcements on every move they make, but if you watch what they are building it is quite obvious where their motivations are rooted. Value Coupling was a process they termed. It represented the belief that they could take in fees just like traditional sportsbooks do but only much smaller. Why smaller? Because they didn't want the fees. They only needed to take the fees to pay the nodes/oracles hosting the blockchain. And they determined there were more fees that they could keep or utilize beyond payments to the nodes. Given the opportunity to keep the fees and serve their own self interest, they rejected it and said no let's burn the fees. Traditional sportsbooks make profit from 2 means... fees, and varying degrees of one sided action.
When a sportsbook, or the gambling industry is uncertain of a matchup of 2 teams, they work tirelessly to balance action 50 / 50 on both sides so that the result is winners paid by losers, and then they keep the fees. But when the industry determines they can make a profit on one team, they use different methods to encourage demand on the side they expect to lose. This increases the profit they will make when only a relatively few winners are paid and they keep the rest. Sportsbooks like one sided action when it is beneficial to them because they can make huge windfalls. And that is what the sportsbooks are in business for... to separate bettors from their money.
Wagerr is entirely different. There are some gambling crypto currencies that are looking to profit by separating their clients from their cash. Wagerr though opened their service with 2 offerings... Peer to Peer betting, where bettor A matches the wager of bettor B. There is no profit left for Wagerr in this model. Winnings go to the winner. And remember Wagerr is burning the fee and giving the rest to the nodes. The other model Wagerr released is Multi-user betting. This is peer to peer, but if bettor A bets large (say 5,000), then bettors B, C, D, E and F can join in picking up the action on the other side if necessary. It is the same model as peer to peer. Once again winning go to the winner(s) and the fees are burned and paid to the nodes/oracles.
The third type of betting to be released "on chain" betting will be like betting with the house. This is where a traditional sportsbook would set up one sided action where they can to make profit and balance the rest. Wagerr though immediately ties in "Dynamic Odds". As soon as one sided action is obtained on a side, they are going to break traditional odds and create incentivized odds to immediately balance sides and eliminate chain risk. In eliminating chain risk the profit they could make evaporates.
All of this is important for one reason. Wagerr's team of developers own their stake in the coin. They understand that the most money they can make from this endeavor occurs when the value of their coins increases just like their investors. They are going to implement every tool and take every action necessary to increase the value of Wagerr over time... because it's the only way they get paid. They get "paid" when their investors do. Their #1 concern in their model is to increase the value of the Wagerr currency. Period.
So have faith. The Wagerr service is revolutionary. It is going to serve an unprecendented global market (a trillion dollar industry) in an evolved way... pulling in coin investors in bulk, the same way Bitcoin investors were "pulled in" after Bitcoin was implemented as the industry method of choice for offshore sportsbook funding.
Wagerr is due for a "wild ride", so put your seat belts on. The last 24 hours are just a bump in the road on the way to the blast pad. Get ready for launch!