Why I bought Lunyr (LUN) and you should too
Disclaimer: Crypto markets are pretty volatile and low market cap ones are even more so! I own LUN, which is obvious from the title of this post.
It's a good idea
Some of the best applications of crypto currencies to date are network-based ideas (as STEEM users no doubt agree). These include anything where the value comes from the network. Think Facebook, SnapChat, Reddit and, most applicable here, Wikipedia. An online encyclopedia where contributors and moderators get rewarded is a great idea. Wikipedia is amazing, but their biggest problem is funding. If Lunyr grows to even a small fraction the size of Wikipedia, funding won’t be an issue.
It's cheap
LUN has barely been on exchanges for a week and is trading at just a little above it’s ICO price. It’s on Bittrex too. The market cap is extremely low at around 5 or 6 million, so the upside is huge. It also is a pretty serious project compared to some coins at similar market caps.
It looks good
The team posted a preview of the invitation-only Alpha release that is coming soon on Medium and it looks great. You can check it out here:
Basically, it’s a serious project with a tremendous upside that is at the lowest market cap it’s likely to see…
Can you also use your Lunyr (for voting or something like this)?