Analysis: AntShares

AntShares (ANS)  a.k.a  ‘China’s Ethereum’.

Smart asset registration, issuance and circulation.

1. What is it?

China’s first ever original and open source public chain project, Antshares serves as a smart assets platform. Smart assets are the combination of smart contract of blockchain and digital assets.

 Antshares allows for a smarter way for assets registration, issuance, and circulation. Digital assets exist in the form of electronic data and with blockchain technology, digital assets becomes decentralized, trustless, traceable and highly transparent. Antshares underlying technology supports multiple types of digital assets and use digital certificate to enable trust for public chain, namely the assets issued by users via digital certificate are protected by law. On the other hand, for more complicated scenarios, users can use smart contract to enhance and enrich the functions of assets. Besides, users can also create smart contracts with other functions unrelated to assets. Smart contract,a concept that was first initiated by Nick Sazbo in 1994, has a history as long as that of the Internet. According to Nick Szabo:Smart contract can execute contract clauses when the preprogramed conditions are met. It is blockchain technology, due to its decentralization, immutability and highly reliable system that provides the very environment for smart contract to embody its value. (Source:www.antshares.org)

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2. FIT Test (F: Future updates; I: Innovation; T: Trends): FIT Test enables us to check the uniqueness, alignment with respect to the current trends and future update of the fundamentals of the corresponding cryptocurrency.

A) Innovations: One big contrast of these competing platforms is their programming languages. Ethereum requires developers to learn to program with Solidity. Neo, on the other hand, will support almost all programming languages via a compiler, including those on Microsoft.net, Java, Kotlin, Go and Python, greatly lowering the difficulty for developers to write smart contracts.

B) Trends: Digital Asset Management, Management of real world assets.

C) Future updates: 

i) Innospace CEO announced $29.3M USD incubation fund, a collaboration between his company and the NEO blockchain team. Plans for the fund include the establishment of a new blockchain space in Shanghai, combining working spaces, startup incubation and acceleration.

ii) Partnered with Agrello to develop smart contracts for automation, self execution, accuracy and transparency. Powered by AI, Agrello will be a platform for nonW programmers to create their own legally binding blockchain based smart contracts. Use cases for Agrello’s tech include renting and sharing, freelance contracting, orchestrating production flows, and reducing administration costs for multinational corporations.

iii) With offices in Israel and Shanghai, Coindash will be a social trading platform for crypto assets, offering portfolio management tools for digital asset investors. Features of the platform will include portfolio statistics and management tools, investment automation, an ICO dashboard, and insights into other traders’ successful investing strategies. In the upcoming development of Nest Fund, a blockchain based smart fund by the developers of NEO, Coindash will offer advisory and prediction tools for Nest’s modern investors.

iv) The former CTO of OkCoin, Mr. Zhao Chang Peng is starting his own digital asset exchange, hoping to compete with platforms like Poloniex. Calling his new platform Binance, this new exchange will only deal in coin to coin transactions, avoiding fiat pairs and therefore avoiding Chinese regulations. In order to maintain a standard in mature digital assets, Binance will only list coins that meet its strict criteria. With a launch planned for later this year, the platform’s first traded assets will be bitcoin, ether and NEO.

3. Community:

AntShares at a gathering of 200 people at Microsoft HQ, Beijing declared a complete rebranding of the company. ANS will become NEO. Following people took the dais as speakers:

  1. Da Hongfei, founder of NEO.
  2. Erik Zhang, Core Developer of NEO.
  3. Tony Tao, CEO of NEO and Founder of Nest Fund (Investment Fund).
  4. Srikanth Raju, Microsoft’s G.M of Developer Experience and Evangelism for the Greater China Region.
  5. Mr. Han Feng, Tsinghua University IWCenter.
  6. Chen Cheng Qiang, founder and CEO of Innospace.
  7. Alex Norta, founder of Agrello.
  8. Adam Efrima, COO of Coindash.
  9. Zhao Chang Peng, CEO of Binance.

4. Unique Features:

  • NEO applications can be developed using all major programming.
  • Tie ups with influential people in China.
  • Collaboration of digital asset management with real world asset.

5. Downside / Risks:

  • Replicable
  • Not available on Poloniex. Use Bittrex.

6: Future: Considering the community and innovations, it may be seen as a good competitor against Ethereum for the 2nd place in Total Market cap after Bitcoin in China.

7: Technical Analysis: 

 

Source: www.coinmarketcap.com

  • Market Cap: $372,122,500
  • Price: $7.44

8: Comments:

AntShares are relatively new to the market. They have soared upto $11.5 in price and corrected themselves by a little more than 30%. With the expansion of footprint in China and rebranding milestone on cards, one could expect a boost in the price which may be preceded by a dip which will expose the panic sellers. It has a good future and hence a good investment to hold on to.

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15 thoughts to “Analysis: AntShares”

  1. First of all you guys doing wonderful analysis, thanks a lot for providing such an important information.
    What is the risk/reward ratio for Neo. You didn’t mention anything about Gas production for Neo holders, how it works. Please give some information about these things and Neo wallet too if possible.
    Thanks

    1. Thanks Mehul,
      We have mentioned Risk/Reward ratio for NEO in this week’s weekly technical analysis.
      Thanks for pointing out about GAS production. We will shortly publish a post exclusively for the same.

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