I'm not sure that I'd put too big of a position into this crypto because it definitely looks like a gamble based on the fact that it's several months away from having an actual product (like so many other coins out there), so it could moon a year from now or it could go to zero, if the project is abandoned.
I really like the balanced approach you used with Mike talking to the pundits that barely know what BitCoin is ..... With a guy that's extremely negative on it! lol.
I think that this is a very risky investment, but it has the potential to pay off BIG TIME if it works... like all of the other small caps. I think that there are some big names behind this one, and a lot of people that should know better are investing anyway. It could go to zero, but if it doesn't, it could be very much higher than it is now! Right now it's on a deep discount from even the ICO prices, so if you're going to buy between now and the next couple of weeks may be the time to buy. I'm medium to long term positive on it, but I would just say not to put too much in there. DISCLAIMER: I'm not offering financial advice. All investments have risk. These are my opinions. DISCLOSURE: I also have a small stake invested in WAX tokens.
I may be misinterpreting, (correct me if I'm wrong please) but I think the second video is upset that the development team is holding on to so many of the tokens.... If WAX does well, then it would make them millions!
Of course, there was another crypto with this behavior that no one liked and the creators are still holding on to the majority of tokens.... XRP. No one likes it (except bankers), and now investors like it because it briefly became the #2 cryptocurrency at the top of the most recent altcoin peak and made their money tentuple or more in some cases.... The ones holding the ripple made BILLIONS (on paper). Of course, there's a danger of inflation with Ripple because they can start releasing ripple whenever and however they want to the ecosystem, causing intentional or unintentional inflation..... So.... I'm still a fan of less centralized currencies.
Long story short.... I really hope that WAX or something like it succeeds. It really seems like there are a lot of mini-economies and mini markets with all things game related, especially ANYTHING that can be customized, skinned, etc. It also seems like the only beneficiaries of this are either the game developers by providing a platform, or the gaming meta platforms like Steam and others..... They are providing a service too, however, it seems more and more like they're deriving most of their revenue from being middle men.
Modern games are really awesome and all, but something about the huge multi billion dollar conglomerate monopoly companies makes me yearn for the mid 80's to mid 90's when games were made by companies, but it seemed like "anyone" could be a game developer and succeed ---- not because they had millions to spend on development and armies of graphic artists and 3D artists..... But because they had an idea.... An idea that was fun and engaging to play but didn't look the best.....