Have you heard about the Emuut trading platform for speculating on TV shows?
Do you think it’s a veritable investment opportunity and want to try it out?
You might need to hol’ up a bit and take a deeper look into the Emuut trading platform to see if it’s really what it is.
In this review, we’ll analyze the Emuut trading proposition to see if it is based on speculative investment or gambling.
Let’s dive in.
What Is Emuut All About?
Emuut is a new money making platform in Nigeria that claims to help you trade contestants of reality TV shows just like you would trade stocks and cryptos.
The company assumes the structure of an online exchange, where assets are traded, just like an NFT but without the complexity of the Blockchain or smart contract.
Each traded asset on Emuut is called an Emp. So, traders on the Emuut platform buy and sell Emps.
Emps rise and fall in value based on the performance of the contestant on whom and Emp is based.
Earlier this year, Emuut offered tradable Emps for contestants of The Voice Nigeria.
How Does Emuut Make Money?
As an asset trading platform, Emuut essentially makes money from the difference in the prices of assets known as Emps on its platform.
When traders buy high and sell low on the platform, Emuut makes a profit.
For example, if you purchase an Emp of a TV show contestant at a price of 2,000 Naira, and the contestant subsequently gets evicted, the value of that Emp becomes zero, which means that Emuut has made a profit from that depreciation.
The way I see it, you make money on Emuut if the value of your Emps appreciates, while Emuut makes money when Emps depreciate against their purchased value.
How to Invest in Emuut
To start investing in Emuut is very easy.
All you have to do is sign up on their website, get free training to onboard you to the platform, then start finding reality TV shows on the platform that interests you.
Once you find a TV show of your choice, you can then start trading the Emps of contestants on the show.
Before you start trading on Emuut, you must have funded your account on the platform.
There is no minimum amount to trade on Emuut, so you can start with whatever amount you are comfortable with.
How Much ROI Does Emuut Offer?
The return on investment on Emuut is not certain, as no one can predict what happens in a reality TV show.
You could make 100% returns on your money, or you could make nothing.
Is Emuut Legit or A Scam?
There is no way to know for certain if Emuut is legit or a scam.
The platform only facilitates buying and selling of derived assets from personalities on a reality TV show.
What you make of it would depend on your experience trading on the platform.
Can You Lose Money With Emuut ?
You could lose 100% of your money on Emuut.
When you buy the Emp of a contestant on a reality TV show, and that contestant gets evicted, you lose money.
If the value of an Emp depreciates according to other set criteria by Emuut, you also lose money.
Should You Invest in Emuut?
The way I see it, trading on Emuut is quite risky.
If you enjoy TV shows and want some added entertainment that may bring financial gain, then Emuut is for you.
However, if you are a fixed income interest calculator cruncher who wants guaranteed returns on investment, then Emuut is not for you.
Would I Invest or Trade With Emuut?
Honestly, I wouldn’t.
While Emuut could be fun for many speculators and reality TV show fans, it doesn’t have enough clarity for me in terms of financial incentives.
In essence, there is no clear path to grow my money on Emuut, so I’d leave it for the fun seekers.