There’s a very lively discussion going on, in the very active MWC Discord forum, about how strong the market position of existing coins are - with the example of the “Bitcoin Forks” of 2017-18 being used, as always, as the base case.
The comparison is flawed for countless reasons, starting with the fact that during the hyper-bubble of late 2017-early 2018, investors would quite literally, buy ANYTHING associated with Bitcoin…no different than buying ANYTHING with “.com” at the end of it in late 1999.
At least dotcoms had to take the time to build business plans and hire bank(st)ers to IPO them – whilst in 2017, all one needed to do was fork Bitcoin, publish a website, and pre-mine a bunch for oneself…just waiting for the unwashed masses to moonshot it. Or, equally easy, repeat the same process with an ERC20 token.
Since then, the crypto market has not only been amidst a massive bear market (aside from a few months in early 2019), but has been purging the scams and useless coins en masse. So, unless you have a REAL coin, with REAL work put in, a REAL potential use case, and REAL discerning factors, you have not a chance to be worth more than zero.
In the case of MimbleWimble, it is the most revolutionary, complex, nascent crypto technology ever. So much so, even forking a chain takes significant technical expertise - which in the case of MWC, required building the industry’s first Windows-enabled GUI wallet, and most comprehensive cold storage solution.
Not to mention, the technical expertise required to pull off MWC’s airdrop to 1% of the entire global BTC holder base, without a hitch. It’s not like brilliant, Silicon Valley-experienced, cryptocurrency fluent coders who will work for free are easy to find – during a crypto bear market, no less!
The head start Grin and Beam had in the space was huge, in listing their coins a year ago despite the aforementioned lack of actual MimbleWimble technology development - that for all intents and purposes, MWC’s engineers matched by forking from Grin in January, and spending the rest of 2018 building its code…before launching MainNet in November, and the airdrop claim process in December.
At this point, the technology, marketing, and human capital investment in the three coins is so enormous, it would be nearly impossible for a fourth significant MimbleWimble coin to join the “MimbleWimbleTrinity.” Moreover, there would be no new “angles” to exploit – like the scarcity, stock-to-flow, HODL program and airdrop aspects brought by MWC.
So, when you realize the cumulative market cap of the most revolutionary crypto technology – incorporating the essentially unassailable market share of MWC, Grin, and Beam – is just $63 million; compared to the comically useless ZCash’s $240 million; and EXTREMELY limited Monero’s, $820 million; it becomes easy to see how much upside the “MimbleWimbleTrinity” has – and how little possibility there is for any other coins to garner any of this upside.
The MWC airdrop registration ended July 19th; MainNet launched November 11th; and airdrop claims commenced December 2nd (5.2 of 6.0 million claimed already) ending January 2nd…at which point, details of the “MWC HODL” rewards program will be announced. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41…and currently, it trades at HotBit.io. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.
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