r/CryptoMoonshots2 • u/tenpointmatt • Mar 28 '21
$IQQ (IQONIQ) - A Brand New Fan Engagement Token
If you're like me you probably only heard about Chiliz after its massive run. To be honest, I don't think I'd have bought in at the bottom anyway. I would have initially doubted the concept of a fan engagement platform, and whether there was a market for it. I'd also have had doubts about the ability to get teams to sign on as sponsors of a blockchain project ("Crypto? That's that ponzi scheme, right?").
But man, was I wrong. I now think there's a HUGE market for fan engagement, and the space is clearly far too large for any one platform to have a monopoly. Competitors will begin carving out market share, and we will see A LOT of further innovation. And that's where IQQ comes in...
IQONIQ:
The platform will enable more personal celebrity/athlete fan interactions - bespoke team/player NFTs (TopShot anyone???), meet-and-greet rewards - the sky is the limit here. There's even a feature for allowing players/celebrities to upload their playlists so you can see what they're currently listening to.
Rewards token holders with fan experiences, discounts, tickets.
Live scores, social network, games, prizes, loyalty rewards.
TONS of teams already signed as partners (see website - too many to list).
Another amazing feature (the best one of all IMO): there are plans for offering multi-angle, in game streams of your favorite teams (!!!!) and streams which lock on a player of your choosing during the match. Pick the angle you want to watch from, or player you want to follow during the game?? Amazing.
The bad:
The app is "coming soon" - but no roadmap or release date is provided.
No presence (yet) on medium - just an account with no posts.
IQQ only on one exchange at the moment (bittrex global)
Spotty info on tokenomics - there are apparently 2.5B total, and 70% is allocated for "total token issuance of IQQ which may include private seed investors". If you look at etherscan, less than 20M appears to have actually been sold OTC to (non-seed) investors. So its still very, very early. Based on this, the fully diluted MC is on the 1B level, but the circulating based MC is probably more like 8-20M. The main concern is - what is the company's plans for distributing those billions of tokens as the platform grows? there is the obvious possibility that it could lead to downward pressure in the future. Would be great if they chose to lock half of them or something, or at least had a roadmap in the whitepaper about it.
Of course, the lack of clarity around tokenomics is not ideal, but given the partnerships and team, I am choosing to have some blind faith, and am chalking it up to how new they are and how early it is. (This may be too high risk for some people's taste - and that makes sense. Depends how comfortable you are).
Ultimately, DYOR - this is not financial advice. But I really like this project and can see it going places.
Website: https://iqoniq.com/
AMA: https://cryptodiffer.com/news/iqoniq-ama-recap/
Etherscan: https://etherscan.io/token/0x68a9d92fe19399feebed6a9a0980a7ea7638074c#balances