Analysis: KyberNetwork

KyberNetwork

Trustless. Instant. Liquid. Compatible.

1. What is it?

KyberNetwork is a new system which allows the exchange and conversion of digital assets.
They provide rich payment APIs and a new contract wallet that allow anyone to seamlessly receive payments from any token.
Users can also mitigate the risks of price fluctuations in the cryptocurrency world with our derivative trading.

(Source: https://kyber.network)

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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:

i) Trustless and Secure: KyberNetwork does not hold tokens owned by the users, all the transactions are executed via smart contracts, making KyberNetwork a trustless and hence, a secure exchange.

ii) Instant Trading: Exchange or convert requests are immediately executed. There’s no waiting time or confirmation time for a transaction. When a user deposits token ‘A’ to perform an exchange to receive token ‘B’, he receives token ‘B’ immediately. This is a great feature as it protects users against market volatility.

iii) On-Chain Exchange: This exchange runs on-chain, which means, it supports normal user accounts as well as smart contracts. This enables smart contracts to communicate with the exchange directly, without any third parties, to fulfill their transactions.

iv) Liquidity: Reserve Contributors provide liquidity which enables the exchange to perform instant trading.

B) Trends: Trustless Exchange, Instant Trading.

C) Future updates: 

i) KyberNetwork has announced 3 major partnership is last 2 weeks -Gifto, powered by Uplive, an innovative gifting protocol that allows content consumers to interact with and reward content creators directly; Aditus, a luxury access platform that bridges luxury merchants and crypto-affluents using blockchain and a research collaboration with Blockchain at Berkeley, a world-class academic institution to enhance the exchange implementation and business model.

ii) First Mainnet launch is expected during Q1, 2018. This will support trading between ETH and other tokens. Followed by this, Q2,2018 will observe arbitrary pair trading over the exchange.

iii) KyberNetwork during Q3, 2018 is expected to support trading of advanced financial instruments over the exchange.

iv) They also expect to perform cross-chain trading in early 2019.

 


3. Community:

Total funding raised: USD $60 million

B. Team: 

  1. Loi Luu, CEO & CoFounder
  2. Yaron Velner, CTO & CoFounder
  3. Victor Tran, Lead Engineer & CoFounder
  4. Joseph Lee, Lead Trading Platform
  5. Spyros Vrettos, Trading Analyst / Developer
  6. Lee Tsun Ngai, Head Of Business Development
  7. Phuong Vu, Designer
  8. Andrew Nguyen, Developer
  9. Gia Nguyen, Designer / Developer
  10. Tuan Nguyen, Developer
  11. Huy Tran, Developer
  12. Duc Tran, Developer
  13. Ilan Doron, Developer

C. Advisors:

  1. Wong Lee Hong
  2. Leng Hoe Lon
  3. Chionh Chye Kit
  4. Kenneth Oh
  5. Vitalik Buterin*
  6. Prateek Saxena
  7. Pandia Jiang

4. Unique Features:

  • Liquidity
  • Instant Trading
  • Advanced financial instruments to hedge market risks

5. Downside / Risks:

  • The team could have had a few dedicated marketing professionals.

6: Future: We already have several exchanges but KyberNetwork stands out. Instant trading and hedging market risks are the game changers in this volatile cryptocurrency market.

7: Technical Analysis: 

The prices have dipped after a quick surge. This is a perfect entry point for the investors who have a long-term return goal in their strategy. KyberNetwork’s business model is unique, they have a strong team to back their vision. There’s a good panel of advisors as well. Vitalik, the ethereum elite, sits on the panel. All in all, this is a must-have in a long-term portfolio.

  • Market Cap: $199,997,216 
  • Price: $1.49
  • OTE: 0.00008397-0.00008773 BTC
  • Volume(24h): $19,499,500
  • Circulating Supply:134,132,697/215,625,349

8: Comments:

KyberNetwork’s ICO was a successful one, More than 21,000 people have contributed to it. They show potential and ability to fulfill the claims they make in terms of milestones they have planned. In spite of the presence of many exchanges in the market, KyberNetwork would fare well because of factors like instant trading, liquidity and risk hedging. The venture looks profitable over a long run.

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Analysis: BitConnect Coin (BCC)

Analysis: BitConnect Coin (BCC)

The hedge fund of the cryptocurrency world?!

1. What is BCC?

BitConnect Coin is an open-source, peer-to-peer, community-driven decentralized cryptocurrency that allows people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on the investment. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain the security of the network.

(Source: https://bitconnectcoin.co/what-is-bitconnect-coin)

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. Innovation:

BitConnect community leverage on retail investors’ investment in BCC and through their so-called “cryptocurrency bots” invest in other cryptocurrencies or maybe other investment instruments in order to generate a daily interest for their retail investors.

Also refer to the following link for more information on what BCC is offering: https://bitconnect.co/bitcoin-information/18/investing-in-bitconnect-coin-and-staking

B. Trends:

BCC seems to be a hedge fund of the cryptocurrency world.

C. Future Updates:

Roadmap for the future of BitConnect Coin’s is not clearly presented by their community.

3. Community:

Community details not published anywhere by Bitconnect. Strange!

4. Uniques Features:

Not available; except for their referral scheme that makes BCC seems like a Ponzi scheme.

5. Downside / Risks:

Risks are extremely high since there seems to be no sustainable business model that backs BCC.

6. Future:

No information on BCC available based on which we can gauge a future.

7. Technical Analysis:

tradescrypt.com team does not want to present a technical analysis for this altcoin since it does not seem to be a fundamentally strong cryptocurrency and therefore not worthwhile recommending.

8. Comments:

No fundamentals, no business, no assurance except for the words written on BCC’s website. We fear that when time runs out, investments may be as good as burnt.

Our advice to investors investing in BCC: BE CAREFUL!

Analysis: OmiseGO

OmiseGO

Unbank the Banked with Ethereum.

1. What is it?

OmiseGO is a public Ethereum-based financial technology for use in mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network and digital wallet framework, starting in Q4 2017. (Source:https://omg.omise.co/)

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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:  OmiseGO uses their own blockchain which is based on Ethereum to provide remittance services to the people without the involvement of any bank. These services operate across currencies and asset types. The OmiseGO blockchain has a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. The OmiseGO blockchain network is highly performant and scalable. The cost of securing the transaction value is externalized to other chains in a way which directly promotes the value of those chains.

B) Trends: Payments, Remittances, Digital decentralized banking

C) Future updates: 

i) OmiseGO recently announced that every Ethereum holder holding a minimum amount of 0.1ETH will receive an amount of OmiseGO tokens which are proportionate to their Ethereum holdings. 5% of the total OmiseGo tokens are set aside for this generous distribution move.

ii) OmiseGO has acquired Paysbuy, a major payment service provider in Thailand. OmiseGO’s CEO Jun reveals that McDonald’s in Thailand, with their presence in over 240 locations will start accepting OmiseGO as a method of payment. He is confident that this can be implemented by Mcdonald’s across Asia.

 

 

OmiseGO logo


3. Community:

Forbes featured OmiseGO as a Fintech rockstar. OmiseGO has a great community around them contributing directly or indirectly.

A. Investors:

  1. SBI Investments
  2. SMBC
  3. Ascend Capital
  4. SMDV
  5. Golden Gate Ventures
  6. East Ventures
  7. 500 Startups

Total funding raised: USD $150 million+

B. Team: 

  1. Jun Hasegawa: Founder/CEO at Omise, Director at Alpha-do INC., Co-founder/CEO at LIFEmee INC.
  2. Donnie Harinsut: COO/Co-founder at Omise, International Trading manager at Alpha-do INC.
  3. Wendall Davis: Product development lead at Omise, member of Original Ethereum founding team
  4. Thomas Greco: Special advisor at Omise.
  5. Vansa Chatikavanij: Managing Director at Omise.

C. Advisors:

  1. Joseph Poon: Lightening network co-author.
  2. Vitalik Buterin: Founder of Ethereum.
  3. Dr. Gavin Wood: Co-founder of Ethereum, founder of Parity and Polkadot.
  4. Jae Kwon: Creator of Tendermind and Cosmos network.
  5. Vlad Zamfir: Kasper(Ethereum) Research lead.
  6. Martin Becze: Ethereum web assembly creator
  7. Julian Zawistowski: Founder of Golem
  8. Prof. David Lee Kuo Chuen: Professor of Quantitative Finance, Singapore University of Social Sciences
  9. Pandia Jiang: Founder of LinkTime
  10. Roger Ver: CEO of bitcoin.com, First Major Backer of Earliest Crypto Startups

 

4. Unique Features:

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

5. Downside / Risks:

  • Replicable
  • Not available on Poloniex. Use Bittrex. (Not a downside for most of the people since they have already moved their assets to Bittrex recently.)

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: 

 

Analysis OMG Coinigy

 

The prices have dipped to a point where buying OmiseGO would seem a good choice for OmiseGO believers. This is a perfect entry point for those investors who have a long term return goal in their strategy. The community behind this is pretty solid which promotes this token’s potential to grow across Asia.

  • Market Cap: $633,129,435
  • Price: $6.44
  • OTE: 0.00141725-0.00150593 BTC
  • Volume(24h): $106,064,000
  • Circulating Supply: 98,312,024

8: Comments:

Omise aims to capture the remittance market in Asia via its decentralized banking applications and so far it has done everything right to grow. One could say it is an undervalued token. The people backing this project are influential in the cryptocurrency world. This is one of the strongest selling points for OmiseGo. Long term investors can use this token for their portfolio diversification and observe growth in the future.

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NEO Coinigy

Neo Gas

How is Neo Gas generated?

Recently our subscribers have expressed their interest to learn more about Neo Gas generated from Neo cryptocurrency and we will now attempt to explain this in the most effective manner.

Before that here is a brief background on Neo. Neo (formerly known as Antshares) is China’s first ever original and open source public chain project, NEO serves as a smart asset platform. Smart assets are the combination of a smart contract of blockchain and digital assets.

Considering the reluctance of China to accept the dominance of foreign companies (eg Google, Facebook, Amazon, Uber etc), we consider the same trend to repeat when it comes to cryptocurrencies. We expect China to put considerable weight behind the promotion of Neo in order keep foreign cryptocurrencies such as Bitcoin, Ethereum etc on the back foot at least in their own backyard.

Now, considering the population of China and those many Chinese citizens accepting their own China based cryptocurrency – Neo, based on this reasoning and consideration, we see growing demand and rise in the value of Neo over the medium term period.

Coming back to our main subject – Neo Gas, it is similar to dividend credit to a shareholder of a company, Gas is credited to the wallet of Neo investors and the amount of Gas generated is based on a fixed formulae.

Neo Gas generated can be calculated on www.neotogas.com.

Neo investors can sell their Gas on an exchange or preferably hold it as an investment, as rising demand for Neo along with a finite quantity of Gas available may result in the value of Neo Gas to increase.

It must be noted that Gas will be generated only if Neo is stored on a private wallet and not on exchanges.

In case readers require any specific information on this topic, kindly feel free to post your comments and get in touch with us.

Analysis: NEO

NEO

A distributed network of intelligent economy

1. What is it?

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

NEO 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 become decentralized, trustless, traceable and highly transparent. NEO’s underlying technology supports multiple types of digital assets and uses a 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:https://neo.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.

NEO Coinigy
3. Community:

At a gathering of 200 people at Microsoft HQ, Beijing declared a complete rebranding of the company. ANS became 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.
  • A collaboration of digital asset management with real world asset.

5. Downside / Risks:

  • Replicable
  • Not available on Poloniex. Use Bittrex. (Not a downside for most of the people since they have already moved their assets to Bittrex recently.)

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: 

NEO analysis Coinigy

Since the past few days, we have observed a significant price hike in NEO. Prices have soared from USD $7 to USD$10. The floor seems to have risen. Investors with a long term market strategy can still get in when the price corrects itself by about 60% and hits the blue region which is the Optimal Trade Entry (OTE) region. The strong community support in China makes NEO’s potential growth more prominent in the future.

  • Market Cap: $546,390,000
  • Price: $10.93
  • OTE: 0.00322591-0.00331973 BTC
  • Volume(24h): $46,520,400
  • Circulating Supply: 50,000,000

8: Comments:

NEO rebranding led to increased prices. USD $10 seems to be the new floor for NEO. Early investors, who had invested in AntShares weeks ago when we had rolled out our analysis, have started realizing portfolio growth at the moment. Investors who want to start today by investing in NEO will have to buy and hold for quite some time to see growth in their portfolio.

Stay tuned for our next article which will emphasize on NEO’s GAS.

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Analysis: IOTA

IOTA

The backbone of IoT is here.

1. What is it? 

Internet of Things (IoT), a revolutionary technology expanding at a great rate invites the needs for interoperability and resource sharing. IOTA proposes a new business-2-business model where a company can leverage its technological resources to fulfill requirements of other companies. This resource trade will be carried out in an open market in real time without any fees. IOTA is a 3rd generation cryptocurrency which is quantum-proof and works on Tangle, a blockless distributed ledger unlike most of the cryptocurrencies which work on the blockchain technology. Tangle technology involves less effort which makes it faster than the blockchain technology. Tangle ledger is used to settle transactions of on-demand resources and services in the autonomous machine economy for ‘Zero’ transaction fees. Additionally, data from sensor nodes and data-loggers can be stored and verified by the ledger.

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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:

i) IoT: Internet of things is evolving. This gives rise to the autonomous machine economy. Basically, IOTA promises a network of machines which can trade resources and services and pay for the same amongst themselves autonomously.

ii) Tangle: This is the major innovation behind IOTA. It is a secure, scalable and lightweight distributed ledger which powers an economy with micro-transactions and even nano-transactions with zero transaction fees. A blockchain’s security could be compromised using quantum computing which seems non-existent at the moment but given the ability of powerful imagination and the strength of introducing it to the realm, preparation is the only defense against such threats. Tangle uses cryptography which is quantum-resistant which makes it futuristic. So unlike uncle blockchain, Tangle can conduct micro payments and it does not fear quantum computers.

iii) Masked Authentication Messaging(MAM): MAM, IOTA core’s first extensible module, allows data exchange across nodes with full authentication and encryption. Every bit of your data stream is transceived with quantum-proof security. MAM also enables a host to broadcast data to multiple parties.

iv) Everything as a service: The ‘Sharing Economy’ model is being adopted by the whole world – Airbnb, Car-pooling, etc. IOTA makes it possible to lease anything with a chip effortlessly and in real time. Leasing services could include resources like computing power, storage bandwidth and appliances like e-bikes, drones and other tools.

v) Scalable ledger revolution: IOTA proposes a distributed ledger which inherits only the better of the blockchain technology. This unleashes a wide spectrum of possibilities out of which only a very few use-cases have been thought of yet. This encourages developers to use such technology to provide real world solutions. One of such use-case is proposed by IOTA themselves. IOTA’s next generation security appeals its usability in the field of e-governance. E-voting is one of the many use-cases which is being explored by different organizations at this stage.

B) Trends: Internet of things, Micro-transactions, Quantum-proof security, Tangled network.

C) Future updates: IOTA released a GUI Wallet v2.3.1 earlier this month. IOTA’s core team and developers have proved that the project’s number one priority is real world adoption. IOTA is focusing on the development of clients in different languages so which would invite developers to make specific deployments in the language of their choice. They plan to include clients to support JAVA (Development complete), C++, Rust, Go. They have rolled out Lightclient and are performing active research on Swarmclient. Active developments are observed to include Automatic snapshotting functionality.

IOTA Logo

Decentralized Internet-of-Things token

 

3. Community:

A) David Sønstebø: Founder of IOTA and a connoisseur of blockchains and cryptocurrency has managed to introduce the revolutionary blockchain less technology.  David likes to be heavily involved in Internet-of-Things, distributed ledger/blockchain/tangle technologies, Smart Cities, Digital identity, e-governance and innovative hardware design. He believes in any kind of technology that drives the human progress.

B) Sergey Ivancheglo:  Apart from being a self-adoring personality, Sergey is a self-made multi-millionaire. ‘Come from beyond’, as he likes to call himself, founded IOTAtoken and Jinn, he has also been a lead developer of NXT and an early adopter of bitcoin.

C)  Sergei Popov: A mathematical expert, a professor at Unicamp University in Brazil and a member of the NXT community provides a scientific guarantee to David’s and Sergey’s ideas at IOTA.

D) Julie A. MaupinAn advisor to IOTA on incorporation and governance set-up of the foundation, Julie also sits on the Fintech advisory board of the German Ministry of Finance and the G20 Digital Economy Experts Task Force. She is also considered to be a key resource person for the UN Internet Governance Forum. She holds research appointments at global major institutes for blockchain technologies and international governance innovations.

E) John Edge: John launched Europe’s first direct market access trading business for capital markets using applications based on algorithmic trading. He co-founded RedKite, a technology company that anticipated the increase in budget and demand for RegTech solutions in financial markets. They launched world’s first enterprise real-time trade surveillance system for capital markets. John recently co-founded ID2020 a principal driven Public-Private Partnership designed to address the market failures that have led to the vulnerable, especially women and children, being unable to receive protection under the international and local law through lack of recognized identity. With decades of experience, John brings a lot of value to the table.

F) Alexander Renz:  Alex can be considered as a corporate knight by looking at his experience in the fields of mobility and transportation. He collaborates to evangelize and drive the adoption of distributed ledger technology in the fields of mobility and transportation particularly in the Pacific northwest and broader west coast.

G) John D. Halamka: A Professor at Harvard Medical School and Chief Information Officer of the Beth Israel Deaconess System John sits on IOTA’s advisory board. He aims to use distributed ledger technology in conjunction with other technologies to deliver safe and futuristic solutions for the e-health sector.

4. Downside/Risks:

a. IOTA lacks a marketing expert or and a community manager. The core developers of the team interact with the community. They may be talented programmers but they might simply lack a sense of social and business development.

b. IOTA cannot be mined. Petabytes of IOTA have already been mined. Exchanges sell IOTAs at price per million. The price of IOTA that you see at exchanges is for a million of those which are indicated as ‘MIOTA’.

 

5. Future:  IOTA is the first and the only company to use blockchain less technology which makes them quantum-resistant. Their market debut on Bittrex exchange observed a record breaking capitalization of USD $1.5 billion. Integration of blockchain less technology with IoT and their vision to use distributed ledger technology in the fields of transportation, mobility, e-governance, e-health, etc. makes them a strong and a long term player in the market.

6. Technical analysis:

IOTA coinigy graph

Technical Analysis of Siacoin indicates that it has corrected itself roughly by 60% which is a usual threshold before a further surge. This makes the current price of IOT quite appealing. Risk/Reward ratio is 1.51 which could  further increase by about 25% if the investment is made at 0.00009180 BTC.

Following are the statistics inferred from the technical analysis:

i) Risk/Reward Ratio: 1.51

ii) Optimal Trade Entry (OTE): 0.00009180 – 0.00009520 BTC

iii) Market Cap: $739,088,220

The ideal Risk/Reward Ratio tends to 2.

7. Comments: IOTA uses revolutionary technology which could be mapped into many real world applications. It definitely has a lot of value attached to it. The community is far more widespread than we could mention it in this post. They are getting into various fields and finding solutions using the distributed ledger technology. IOTA promises long term growth.

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Analysis: Siacoin

Siacoin

Your decentralized private cloud

1. What is it? 

Sia works on a distributed storage network concept where a file, fragmented into nodes is distributed amongst a network of storage centers. No storage center has the complete file or even a significant part of it. This contrasts with the traditional cloud technology where service providers like Amazon S3, Google Cloud and Microsoft Azure don’t provide decentralization. This gives rise to various vulnerabilities to the user data since it is controlled by a single service provider. In recent years we have seen many service providers compromising the privacy rights of the users in pursuit of obtaining higher profits. The decentralization is achieved by inviting anyone and everyone who would want to rent their storage space and bandwidth. Files are secured by asymmetric key cryptography where only the file owners have access to the private key.

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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:

i)Open source: Over a dozen developers have contributed to Sia. Innovative applications are already being built by an active community of developers on top of the Sia API.

ii)Blockchain marketplace: Blockchain technology is used to create a market place where different hosts compete for business. Storage services can be obtained using Siacoin which can be mined and traded.

iii)Decentralization: Sia distributes different fragments of user files across the network of storage hosts. File owners hold the private keys. This prevents anybody except the owner from accessing or altering the files.

iv)Affordable: Sia’s cloud storage is far cheaper as compared to any service provider. Sia charges up to USD $2 per Terabyte of data unlike Amazon S3, which charges USD $23 per Terabyte.

v)High redundancy and uptime: Distribution of fragments across the global storage network prevents single point of failure and ensures highest uptime making it as good as the other service providers.

B) Trends: Preserve user privacy rights, Decrease storage cloud costs.

C) Future updates: With the launch of Sia v1.3.0 – Capricorn, Sia has added on automatic online file repair and upgraded their network capacity and wallet stability. Their public roadmap states many upgrades in September 2017 which includes a reduction in the time required to form file contracts by 12 times. 6-month plan includes implementation of video streaming feature. Sia has about 700 hosts and 2.8 Petabyte of data already. Sia aims to be a strong player in the coming years, competing with giants like Amazon, Google, Microsoft and Dropbox

 

Siacoin – Your decentralized private cloud

 

3. Community:

A) David Vorick: Former software developer at IBM and Bitcoin Core developer is also the Co-founder of Sia, a decentralized private cloud storage platform.

B) Drew Volpe: Partner and Co-founder at Procyon Ventures, one of the three major enterprises which contributed to the $750,000 seed for Siacoin says “Every team that works with data in a meaningful way, from AI to precision medicine to Industrial IoT, is seeing an explosion in the size of the datasets they want to be able to work with. Sia has the potential to be a game changer for them by fundamentally changing how data is captured, stored, and distributed.” Drew is known to be an entrepreneur, investor and an experienced technologist in the field of search, machine learning, sensors and mobile technology. He is also a mentor to startups at MIT, Harvard and other major institutions across the globe.

C)  Joshua Langsam: Associate Director at Raptor Capital Management, second of the three major enterprises which contributed to the $750,000 seed is impressed by Sia’s distributed cloud storage platform. Raptor Group is a private investment company.

D) Fenbushi Capital: This Chinese venture capital firm invests exclusively in projects associated with blockchain technology.

E) NextCloud: NextCloud, an open source alternative to Dropbox has partnered with Sia.

4. Downside/Risks:

a. The path of adoption to new technology has always been long. It will take time for users as well as hosts to start accepting such a platform and migrating their data to it.

b. It could take quite a lot of time for Sia to achieve a decent amount of traction which would help realize the value they are projecting at the moment

c.  There is no limit to the number of Siacoins minted. There are close to 30 billion Siacoins in circulation today. The purpose of Siacoins is to ensure the fulfillment of transactions across the network and not to be used as a digital currency per se.

5. Future:  The cloud storage market is undoubtedly a large market. Sia’s promising ability to implement storage at a far cheaper rate than the large players in the market and partnership with NextCloud proves that Sia is here to stay.

6. Technical analysis:

 

Technical Analysis of Siacoin indicates that it has corrected itself beyond 60% which is a usual threshold before a further surge. This makes the current price of Sia quite appealing. Risk/Reward ratio is 2.13 which makes the investment opportunity very lucrative.

Following are the statistics inferred from the technical analysis:

i) Risk/Reward Ratio: 2.13

ii) Optimal Trade Entry (OTE): 0.00000332 – 0.00000348 BTC

iii) Market Cap: $ 232,861,788

The ideal Risk/Reward Ratio tends to 2.

7. Comments: Sia’s path-breaking solution for cloud storage is fundamentally strong which makes it a good investment but Sia’s at an early stage development and it could gain value over time once it starts achieving what it promises.

[/expander_maker]

Analysis: Litecoin

Litecoin LTC

Global decentralized currency.

1. What is it? 
Litecoin is a peer-to-peer, global decentralized currency that can be used to to purchase goods and services. It is fundamentally similar to Bitcoin, but they differ drastically when it comes to particulars behind them. Litecoin promises cheap transactional costs for sending and receiving cross border payments. They claim to have a better rate of transactions and storage efficiency than Bitcoin. Litecoin is an open source software licensed under MIT/X11 license which enables users to Run, modify and distribute the software.

[expander_maker id=”1″ more=”Read more” less=”Read less”]

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:

i)Open source: This empowers skilled developers across globe to work on the software which in-turn expands the developer/miner community.

ii)Blockchain: The Litecoin blockchain claims to be capable of handling higher transactional volumes than bitcoin. Frequent block generations (~2.5 minutes/block; Bitcoin: ~10 minutes/block), which allow the Litecoin network to support more transactions with seldom need to modify the software, help support their claim.

iii)Wallet encryption: Wallets are encrypted using Scrypt algorithm, unlike SHA256 which is used by Bitcoin. They ensure secure transactions which check identity as a preliminary step before transacting LTC.

iv)Mining reward: Miners are awarded with 25 new LTC per block, an amount which  will halve itself every 840,000  blocks which rounds up to roughly 4 years.

B) Trends: Decrease transactional costs cross border trades.

C) Future updates: Charlie Lee, one of the creators has returned to the development team. There is a major announcement due on 1st of August which also marks the UASF finale for Bitcoin. There is a possibility of a lightning network announcement for Litecoin. Could this be the countdown? http://litecoin.mit.edu/

                                              Litecoin – The ‘Silver’ of the Cryptocurrency market

 

3. Community:

A) Charles Lee: The man behind Litecoin is a well experienced personality in the cryptocurrency ecosystem. The former Director of Engineering at Coinbase, is also the brother of Bobby Lee, CEO at BTC, a leading crypto exchange in China

B) Bobby Lee: CEO, BTCC and one of the board of directors of the Bitcoin Foundation, also the former VP of Technology at Walmart, China (E-Commerce) could pose as a major contributor for the large-scale adoption of cryptocurrency to match the fiat currencies in China. BTCC recently launched Litecoin mining pool to attract miners.

C) Mr. PZ: The secretary-general of global LTC Roundtable has succeeded in promoting LTC at various events in China. He is also one of the major Chinese blockchain evangelists.

4. Downside/Risks:

a. Litecoin is progressing with a great momentum, it is difficult to say what will decrease their ever increasing momentum but one could never overlook the threat which resides due to attacks to slow down or derail the could be “lightening network”.

b. Marketing is one of the non-existent risk at the moment. After signaling SegWit, the rate at which LTC was  induced in markets was lesser than one could have expected. LTC did not exist for most of the mobile wallets. But as they say, things of great value don’t need great marketing, we stand today with major wallets allowing LTC  transactions.

5. Future:  Litecoin has successfully signaled SegWit unlike Bitcoin which will face a verdict on 1st Litecoin is also reportedly testing it’s lightening network which could revolutionize its value. There are speculations that the lightning network announcement will happen on 1st of August along with Bitcoin’s ‘fate decider’ announcement.

6. Technical analysis:

Technical analysis for LTC indicates that it has corrected itself quite quickly as it has soared. One could wait to get in at the Optimal trade entry. Since the fundamental features of the technology behind this claims to be better than the one behind Bitcoin and by far it has done everything to prove that claim right, this is surely in the league for the long run. A speculation of a $100 mark achievement by December 2017 is not too bold for this crypto.

Following are the statistics inferred from the technical analysis:

i) Risk/Reward Ratio: 1.11

ii) Optimal Trade Entry (OTE): 0.0192-0.01884 BTC

iii) Market Cap: $ 2,633,087,671

iv) Price: $50.71 / 0.0 1961740 BTC

The ideal Risk/Reward Ratio tends to 2. You could either wait for it to enter the OTE area or get in right away and enjoy the ride.

7. Comments: Litecoin’s blockchain capabilities, miner support, coin limit, block reward patterns make it better than Bitcoin which is shy of SegWit Activation which it may or may not achieve. A wise investor would surely add this so called ‘Silver’ to the Bitcoin which is the ‘Gold’ in the cryptocurrency market [/expander_maker]

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)

[expander_maker id=”1″ more=”Read more” less=”Read less”]Read more

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.

[/expander_maker]

Analysis: Ripple

Ripple

Instant, certain, low cost international payments.

 1. What is it?

Ripple’s distributed financial technology enables banks to send real-time international payments across networks. Using Ripple, banks can meet growing demands for faster, low-cost, on-demand global payment services for any payment size. The result: new revenue opportunities, lower processing costs, and better overall customer experiences. Using Ripple, your bank can acquire new customers and grow revenue through differentiated products and services. In addition to that, Ripple lowers your bank’s back-office costs through an efficient mechanism to process and settle international payments. This model allows you to estimate the efficiency gains your bank can achieve using Ripple for international payments. (Source: www.ripple.com)

[expander_maker id=”1″ more=”Read more” less=”Read less”]Read more

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:

Ripple’s solution is built around an open, neutral protocol (Interledger Protocol or ILP) to power payments across different ledgers and networks globally. It offers a cryptographically secure end-to-end payment flow with transaction immutability and information redundancy. Architected to fit within a bank’s existing infrastructure, Ripple is designed to comply with risk, privacy and compliance requirements.

  • Interledger Protocol (ILP): All banks and payment providers — from the smallest to the largest — can leverage the Interledger Protocol to securely and efficiently transact cross currency. ILP can work with any new network or system, regardless of its underlying technology. It ensures the payment speed and certainty necessary to service high volumes of all payment types and sizes, while making them cost-effective for customers and profitable for banks.

 

  • Ripple Connect: Ripple Connect links the ledgers of financial institutions through ILP for real-time settlement of cross-border payments in a way that preserves the ledger and transaction privacy of the financial institution. Additionally, Ripple Connect provides a way for banks to exchange originator and beneficiary information, fees and the estimated delivery time of the payment before it is initiated — providing unprecedented visibility into each transaction.(Source: www.ripple.com)

B) Trends: Decrease operational costs for the banks, Faster transactions rate.

C) Future updates: Having partnered with almost 50 major global banks, one can expect more funds into this crypto making it a big hit in the future.

3. Community:

  • Clients:

  • Integration Partners:

4. Unique features

5. Downsides/Risks

The openness with which the Ripple network operates has, on the other hand, also allowed for vulnerabilities to develop. Researchers at Purdue University have found that, although the core of the network remains highly liquid, that the structure also allows for attacks on certain nodes within the network to cripple some users’ access to funds. In fact, some 50,000 wallets may be immediately at risk if such an attack were to occur. However, the researchers suggest that the fact that they have been able to detect weaknesses in Ripple’s system is actually a good thing, since conventional world of banking often lacks transparency in this regard.  Having identified those weaknesses, Ripple’s developers may be able to work to correct them.

6. Future:

As Ripple continues to invest in the network and improve, this combined with a growing presence and partnerships with global firms makes it a candidate to be the next big disruptor. Recently, partnerships have been established. MUFG in Japan is working to oversee creating payment rules and standards. Similarly, a Global Payments Steering group of banks formed to establish rights and obligations framework for the use of the technology. The group includes BAML, Santander and RBC. A group of Japanese banks have piloted software and towards the end of the year plan to use the technology in commercial scale. This will mean 40% of banks in Japan will be in some way connected to Ripple technology. Then in 2018, RBS and BAML, amongst others will use Ripple to underlie the cross-border payment services for retail and commercial customers. As the network grows and ripple begins to make a name for itself, it may well present a buying opportunity. Ripple has some way to go to match the exposure of Bitcoin with only five years under its belt compared to Bitcoin’s 8 years, but if it follows in the footsteps of Bitcoin, its value has the potential to surge further. The vulnerability found by the students of Purdue university can be resolved by adding more members in the Ripple network which they seem to be doing at a better rate day by day.

7. Technical Analysis:

Technical analysis for XRP indicates that it has corrected itself very well after the soar observed in mid May 2017.

Following are the statistics inferred from the technical analysis:

  • Risk/Reward Ratio: 1.43
  • Optimal Trade Entry (OTE): 0.00009573-0.00007582 BTC
  • Market Cap: $ 9,940,405,979
  • Price: $0.25 / 0.00010163 BTC

The ideal Risk/Reward Ratio tends to 2. So, The OTE for this crypto is somewhere between 0.00009573-0.00007582 BTC. However, If the strong fundamentals of XRP convince you to put your money on, it looks promising for a long run.

8. Comments:

Ripple has a strong community and convincing selling point of decreasing operational costs while increasing the rate of transactions. It is ranked third after BTC and ETH. Japan is on the road to adopt Ripple. Good for long term investment.[/expander_maker]