We see cryptocurrencies in the headlines almost every day. Crypto enthusiasts believe cryptocurrencies have enough potential to undermine the role of governments and banks with hundreds of years of history.
How many people, do you think, routinely use Bitcoin? The exact number is unknown, of course, but according to Statista there are around 32 million Bitcoin wallets out there.
Importantly, most Bitcoin users have more than one wallet and they use several addresses, and this ensures greater confidentiality when transacting with crypto.
Since 2009, the number of people who actively use Bitcoin has grown substantially. A recent Chainalysis report revealed that active BTC users account for almost one third of the total number of owners of ‘the digital gold.’
A report by Global Blockchain Council and SurveyMonkey showed that 60% Americans have heard about Bitcoin and around 5% own the digital currency. Presumably nearly 16 million U.S. citizens have invested in digital assets.
One of the most popular cryptoexchanges, Coinbase, reportedly has a user base of 13 million. This means that the number of Bitcoin users is anywhere from 13 million to 32 millionpeople. Coinbaseserves 32 countries.
The volume of Bitcoin trade on the p2p cryptoexchange LocalBitcoins indicates that mass adoption of Bitcoin is happening in economically unstable countries of South America, including Brazil, Venezuela, and Columbia. African nations also demonstrate high growth rates, as young Africans strive to make lucrative investment and secure their future.
“The number of new users in South Africa that trade Bitcoin via eToro has grown 671% from January to the end of November of last year (as compared with the same period of 2016) which surpasses the overall growth by 574%,” noted eToro analyst Mati Greenspan.
According to Google Trend data ‘three African countries – Ghana, Nigeria, and South Africa – were among the top five countries in terms of the Bitcoin search keyword.
Due to lack of coherent data and objective difficulties in the determination of the global number of Bitcoin users, one can assume there are about 25 million users of BTC wallets worldwide.
The idea behind the new cryptocurrency RusCoin is to attract funds to the Russian economy bypassing the economic sanctions imposed by certain Western countries, including funding of startups and, at the first stage, buy up of 25%+ 1 share, i.e. a blocking stake in PJSC Moscow Exchange (stock ticker: MOEX) in order to list crypto assets and cryptocurrencies on this exchange.
Thus, unlike Bitcoin, RusCoin is backed up by real shares in businesses (shares in Moscow Exchange, startups, land plots, etc.).
The following assumptions are necessary to further develop RusCoin project:
1) Target audience with the size of 8%-10% of the total number of 25 million users of Bitcoin wallets, i.e. ~2 million users;
2) Average age of buyers of RusCoin: 20-45;
3) Availability of the Internet connection and a smartphone in order to buy RusCoin tokens;
4) RusCoin buyers speak English and/or Russian;
5) RusCoin buyers have a positive stance towards Russia, as RusCoin project aims to raise funds for projects relating with Russia;
6) RusCoin buyers tend to take on higher risks (Forex traders, online casino clients, gamers, investors in emerging markets, etc.);
7) Average spend is $100.
Conclusions:
1) At the current conversion rate of 5%, in 2020 the estimated number of RusCoin buyers may grow to 100,000;
2) Considering the average spend of $100 the anticipated volume of RSC token sales will grow to $10 million.
Practical recommendations for RusCoin holders:
1. RusCoin tokens should be bought up at levels below $50/RusCoin.
2. Invite your friends to our Facebook group: https://www.facebook.com/groups/ruscoin.eng/
3. Think in which country/city you would be willing to act as RusCoin representative on mutually beneficial terms.
How new clients can buy RusCoin tokens:
1. Open your wallet on waves.exchange, free of charge;
2. Buy RSC/BTC, RSC/ETH, RSC/USDT, RSC/EUR, RSC/USD, and RSC/WAVES;
3. RusCoin code, RSC ticker, the token code is EMdiF8uaySswfCdMxc114rSfzUsAKCtK9d8eSx6ruKP4
4. Email your suggestions and estimates for RusCoin geographic expansion to 1@ruscoin.io.