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: 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.

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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: 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]