Chiliz is a utility token based on Ethereum, which is used on the Socios platform. Chiliz has partnered with nine major european football teams including Juventes, Paris St. Germain, FC Barcelona, and several others. They have also partnered with the popular E-Sports gaming team, OG. The goal of Chiliz: leverage the fan base's desire to take part in managerial decisions as a new revenue stream for the teams.
Chiliz is an ERC-20 token, distributed on Ethereum, they also have a BEP-2 coin on the Binance chain. The CHZ tokens can be used to participate in the Socios platform, an application with the ability to trade your fiat or CHZ in for Fan Tokens (FT's). These tokens are distributed and maintained on the Chiliz Enterprise Ethereum side chain, and exists as a Proof of Authority permissioned blockchain.
The CHZ token has a limited supply of ~8.9 billion and they were distributed by the CHZ platform on Ethereum when the project went live. As usual not 100% of the supply was available for public purchase, typical in an ICO structure to ensure the platforms continued development. the true available supply is closer to 6.3 billion, with 4.7 billion already available. The FT supply caps are determined by the to organizations who run the teams. Just yesterday on June 23rd FC Barcelona held its own FT offering, and it sold out 300 million BAR tokens in just 2 minutes, with a price pegged at 2 EUR a coin. Currently the coins are trading at 6.69 USD, or 5.93 EUR. The FT had a 24H high of 11.25 EUR.
FT's are used on the Socios app to participate in polls that the teams administer. Some of these polls are binding, meaning the outcomes of the polls are actually implemented. For example the first poll for FC Barcelona is going to allow the users to pick which art piece will be displayed in the home stadium palyers' locker room. FT's also expose users to the chance to recieve a variety of rewards and experiences, such as free admission, free signed team merchandise, exclusive discounts, stadium tours, and more. Users of the Socios app can be rewarded in CHZ or FT's for taking part in questionaires, playing games, and using the app to "hunt tokens" which is a game on the platform similiar to Pokemon Go.
FT tokens change the sporting world for several reasons and have implications reaching further than this one sector. Currently, fans already use their wallets to vote for the teams they support through purchasing tickets, merchandise, and supporting them through social media. Until now, the only benefits received from their financial contribution has been watching them play which gives the fan some joy, and in the case of merchandise a physical token to commemerate your support. Now, fans will more likely begin to support the team offering the most bang for the fan's buck, meaning the team with the best rewards program will receive the most financial support.
Imagine if Louis Vuitton wished to take part and allow prospective buyers to choose what design the next handbag they make has. Rolex could distribute ROLX tokens, which could be used to get discounted insurance on the watch, or receive free cleanings if you've held X amount for so long. E-Sports organizations already have centralized systems which offer these similiar exclusive benefits, now they can move to a more decentralised approach, not in the sense the tech is decentralised but instead the funding for the teams. They already have a digitally savvy fan base, and Socios already provides a Twitch streaming overlay through the Socios app.
Built directly into the Socios app is a trading market in which users can trade tokens for other FT's or for CHZ directly with the other users. This takes advantage of the fact that a number of sports fans are also gambling fans, particularly to gamble on sports statistics and match outcomes. Users can invest in a team's token at the beginning of the season with some reasonable expectation of how they will perform. As teams perform better, they will gain more fans, and therefore the value of their FT's will rise.
Essentially Chiliz is a token which gives users access to the Fan Tokens offered by teams who partner with their platform. Chiliz exist on the Ethereum blockchain, and Fan Tokens are on a permissioned side chain. These FT's grant users exclusive voting rights on team decisions and unlock rewards. The Socios platform provides a polished user experience where all of these features can be accessed.
The internet creates an open world of unlimited possibility. Anyone with coding knowledge can create whatever they like and distribute it to millions across the globe. One of the most popular things on the internet for years has been the idea of virtual reality, open worlds in which people can build online personas and live vicariously through an avatar.
Decentraland is a network on the Ethereum blockchain, which has a native currency, Mana, and another non-fungible token called Land. Land is a digital token, with its own unique identifiers such as the cartesian coordinates of its placement as well as a parcel of data, which contains the world's specifications such as audio, graphics, physics, and so on. Decentraland offers a scripting language which allows these parcels to be created and stored on the network.
Mana is used to purchase land, in-world items and services, incentivizes hosting Land parcels as a node, and for a limited time, even given out as a reward for participating in decentraland to bootstrap the network with users.
Land parcels hold their own unique coordintes on a 2D map. Each Land has the capability to create whatever they may like, such as a 3D art piece, a game, or some kind of simulation. The creative possibility is endless. Land is set a certain price of 1000 MANA/Land, but a secondary market for trading ownership of Land for Mana would allow for more true price discovery, as each piece of land is not the same as each other.
Much like a legitimate virtual world, there will be hubs of activity, like cities, and other less active areas, like rural farm land. This means Land price is discriminatory depending on the amount of traffic which directly drives the profitability of the application.
Land parcels are hosted by a decentralised network of nodes, and as incentive to host them, they are paid in Mana by the land owner. This means in order to create a profitable application, this cost is shifted to the user in the local economy through fees to use the application as well as in the purchasing of digital assets in-world, which is also done with Mana.
Essentially there are three layers to Decentraland:
Land ownership is referenced as a hash of the Land's content file. This also makes it easy to find when there has been fraud in case someone copies your Land's content and pastes it to theirs. Essentially to distribute the Land content, the users access the real-time layer and make a request to view someone's Land. That is sent to the land content layer, which finds the coordinates of the land and the hash name of its content, and sends this in a message to the consensus layer. Here the Land smart contract uses the data sent from the land content layer to identify the correct Land, and sends the content parcel back to the Land content layer, which then sends it to the node serving the data to the end user.
Decentraland has the possibility of creating a massive online community in which users can seamlessly interact with one another, even through audio chat and messaging. This creates all new opportunities for businesses to virtualize their training routines, and social groups can now be borderless. Developers can leverage their knowledge to create in-world economies in which they can profit, and computer owners can support the network by hosting and serving Land data to the end users. This system is ripe with opportunity, and currently valued at 0.045 USD with an extremely low market cap of only 64.7 million USD. This is easily a 100 billion USD market and with a max supply of ~2.2 billion MANA in total, that means there is an upside potential of around 1000x to 45 USD per MANA.
Blockchain was developed as a dsitibuted, open ledger to keep track of transactions (tx's), and was leveraged into bitcoin to create a distibuted open payment network. Bitcoin however is just one chain of many hundreds. Each containing its own logic and transaction structures, making it difficult to transact cross-chain in seperate crypto ecosystems. Chains exist in silos without seamless way of providing fungibility across networks.
Many currencies are working on this, one featured here before in reports as well as in the free Top 50 Cryptocurrencies E-Book, available to read or download for free, is Cosmos. There are many other projects experimenting to allevaite the code borders built between chains.
The main problem in blockchain interoperability is that there is no heterogenous transaction structure, each chain presents its own way of creating a tx with its own parameters and the logic of sending that tx to the network varies. There are some key similarities across many tx structures, something Overledger (OL) uses solves this issue, more on specifics later. Solutions so far have been implemented in three ways:
Each of these implementations have their own benefits and drawbacks, and OL builds upon these known strengths and avoids the mistakes already made by othersd. Overledger is general purpose software which sits on top of blockchains. It exists so developers can deploy their dApps on muliple chains at once, greatly increasing the usability of the application.
OL is able to read the transacton types being processed by the application, and determine certain characteristics about the chain on which the transaction will be written. Many transactions allow for space to add an artibtrary hash message in the transaction itself. It uses this space to store a hash pointer which either points to some script which will affect the transaction itself or simply the location of the application transaction record. Hash pointers are a way to allow users to provide verifiable proof about their tx occuring, simply provide the hash pointer and anyone can view the tx on its original chain.
Because of these hash pointers, OL has the ability to implement a novel security measure for messages. Users who have access can decrypt the hash pointers in the messages, and these pointers can actually point to further messages. This is similiar to having security clearance to read certain data or information depending on your role in a corporation, but now with a more secure method. It takes this one step further, because users who have access to any level of the messages cannot see how many levels there are, and therefore receive only the amount of information they are supposed to be aware of and are blinded from any other layers existing.
OL is built with the OSI in mind, the internet's open systems interconnection model. This is a communication protocol on the internet which standardizes communication on the internet, much like the standardization of tx structure and logic needed to facilitate chain interoperability.
OL recieves messages on the message layer, and extracts the neccesary data to understand what the transaction is attempting to do, for example trade 20 tokenA coins for 60 tokenB coins. It then takes these transactions and creates a has pointer for them and stores that in the tx itself. The tx is then sent from the same message layer, with the hash pointer, to the relevant chain and it is inscibed on its native chain with the pointer for validation.
Next the platform orders and filters the tx's occuring by the time at which they occur. This is then stored into an OL block, along with the blocks of the other chains. This is why OL can be called a blockchain of blockchains, because each block contains other chains' blocks which are relevant to the tx set being validated.
Finally on the OL platform there is also an application layer. Here the messages can be accepted and sent to/from an app or other chains. The application layer is where all the business logic can be interacted with and used to create cross-chain interactions with a developer's UI.
OL is a new implementation to solve an old problem in crypto. Currency price just under 7.00 USD, this coin is a bit more expensive, and the white paper does not even mention it or its use. Somehow it represents the monetary value of the network and currently has a 82.3 million USD market cap, extremeluy small for such a valuable platform.
The world of e-sports has been growing year after year, with 2019 resulting in 152.1 billion dollars globally generated in revenue. That number is expected to continue to grow, as more and more people around the globe are gaining access to the gaming community. A big part of all games are the in-game purchases, giving players power ups, unique virtually collectible items, and even special quests in the games themselves which may otherwise be free. This free-to-play style with a focus on in-game purchases driving revenue was popularized by the game Fortnite, which has made Epic Games billions with a free game.
Enjin is a decentralized platform built on the Ethereum blockchain with its own native token, Enjin coin or ENJ. Goverened by a set of six smart contracts, Enjin enables developers to create their own little universes in which there can be any rules they wish and its own native currency for facilitating purchases. Users can use this currency to trade amongst themselves and with the game for all the virtual items available.
Anyone can create their own virtual marketplace for digital goods and services. Within these markets users can transact with one another based on whatever conditions they wish to transact under. Since ENJ is an ERC-20 token, all ENJ based games and currencies are fungible, or interchangable. So, for example, one user who wishes to play several games can barter with other uses using cross-game items, a sword in one game may be more valuable as 1000 tokens in another game to a user. Now users can directly transact with one another and find new places for arbitrage, making gaming a more profitable endeavor. Since all coins and items are fungible, users can at any time cash out from all systems into another currency such as ENJ or some other compatible currency.
In order to create these custom market place currencies, a developer must add their currency to a platform smart contract known as the Mint. The Mint governs distribution of this currency through distiributing to users who enter ENJ into the currency's smart contract. So long as a currency is listed in the Mint, anyone with ENJ coins or some other accepted currency may participate. This is the decentralized equivalent of purchasign an in-game currency such as NBA 2K's VC currency which can be bought with a debit card in the game and used to purchase style points and virtual items for your 2K player.
Another very popular mechanism in gaming are forums and discussion boards. Often users who play the game use these boards to facilitate transactions over the internet with third parties who may be untrustworthy, resulting in high levels of fraud. In fact, for each one item faithfully sold between users, 7.5 items were used to defraud someone in 2015. Instead, Enjin makes it easy to facilitate these transactions so the leaderboards will be a place where users can now trust the deals they are creating. Whenever users enter into a deal, Enjin creates an escrow smart contract under the hood, in which no user can defraud the other as the transaction only goes through if both users recieve what they bartered for. Discussion boards can be used for much more, since marketplaces now exist for facilitating transactions. Games can reward users for posting on their discussion boards and facilitating the community through token rewards for moderating the community. Games can also make sure discussion boards are only used by members of the community by enacting a fee for taking part in the discussion.
Enjin has all of these features, and more. They have found a way to compact it all into a simple user interface in the form of a smart wallet. This wallet has the capability of setting up subscriptions to trusted sites to be paid on ENJ or any other currency accepted by the subscription provider. It supports hundreds of currencies and all ERC-20 tokens. It has the ability to set up regularly occuring donations as well to the games you value most. It also provides a convenient end point for accessing the market place, keeping track of the virtual currencies and commodities you own, and so much more.
In total Enjin is a platform built on the Ethereum blockchain, goverened by six smart contracts. It implements a smart wallet which directly interfaces with a multitude of websites, dApps, and Enjin-based market places, allowing users to barter with one another and the game itself for virtual items, upgrades, and certain abilities in the community. It is a simple way to create online discussion forums to grow each game's community and find new ways of rewarding long-time players. Enjin brings the profits of building popular games back into the hands of the developers, and taps into one of the fastest growing markets in the world, e-sports. It has already been successfully integrated into many online games, with its largest plugin being on Minercraft, which enjoys more than 100 million users a month for the last 3 years. Enjin has a lot of room to grow, with ENJ currently priced at only around 0.18 USD, and a market cap of just under 150 million USD.
One pillar of cryptocurrency since the beginning has been privacy. It turned out through chain analytics, BTC, ETH, and many other crypto built with the same frameworks can be manipulated to reveal identity. REN is the currnecy used to conduct governance over the Republic Protocol, a privacy oriented, cryptocurrency exchange network.
The Republic Protocol consists of a two smart contracts on the Ethereum blockchain, each with its own set of responsibilities. Essentially the protocol solves the "nosey exchange" problem for market participants who take issue to KYC and AML privacy invasions.
It uses a smart contract called the "Registrar" to create a hidden order book, using cryptography to achieve truly anonymous conversions of BTC, BCH, and ZEC, all on-chain. Using the "Registrar"contract, the transactions are split into encrypted fragments containing info such as price, address, time, amount, etc., and broadcasting them to the network.
Only half of the order fragments are needed to reconstruct an order to be filled. The network holds these order fragments for a time period chosen by the user, searching for a match. Once it is found, pieces from the two matching transactions are shared between nodes who hold the relevant fragments, and recontruct the transaction without revealing any of the data to the network.
Understand, no one actor can hold enough nodes to receive half of all order fragments, which is what is required to reveal the identity and details of each trade request. Instead the network just communicates with one another to provide the relevant fragments without ever putting half of the fragments in any one node's hands.
Next, the transaction which occured is broadcast to the network in the form of a zero-knowledge proof. This is a cryptographic trick which proves the availability, and movement of funds from one account to another, without revealing the account details. This is done under the purview of a seperate contract, called "Judge".
Now the transaction can be processed by the Republic Swarm Network, which is essentially a pool of liquidity holding the transferrable currencies, and an atomic swap is performed. Users receieve their cryptocurrencies in whatever form they initiated the trade in, and their native chain wallet balances are updated.
REN, the token used to facilitate these transactions serves a few key network purposes. Firstly, transaction fees are paid in REN to the miners to incentivize nodes to continue running. Also, REN is used to secure the network from cheating in the form of a required bond. In order to participate in the network, there is a bond threshold which is set by the network and fluctuates over time. The bond size is proportional to the amount of orders a trader can have open, that is the more you are risking the more you are allowed to do. It is only a risk if the user or node intends to act maliciously in which case their bond is revoked, otherwise the REN bond is never truly being risked.
The Republic Protocol network brings to crypto a decentralized pool of liquidity to anonymize the transactions, and reduce fees compared to trading on a centralised excahnge. It allows users who wish to transact in a legacy currency sush as BTC, BCH, or ZEC without any identity required.
In order to hold hard currency like dollars, euros, yen, etc., you need a wallet. Crypto is no different, the wallet is just digital and can't be pickpocketed on the train. For those new to crypto, a wallet is an application which comes in the form of a smartphone or desktop app. Many of you have likely heard of coinbase, this is just one example of a wallet, albeit a bad example as they have recently been outed for their working partnerships with the IRS and DEA.
Currently, there are few wallets with user interfaces (UIs) that are familiar and user friendly. The past has shown that in order for the masses to adopt the latest tech, it needs to resemble the current, well-known tech and have a similiar feel. For crypto, that means the wallets need to resemble PayPal, Cashapp, and Venmo like systems. Divi is a multi-coin crypto wallet with its own native blockchain and a user friendly UI.
One of the most intimidating parts of crypto for newcomers is the address scheme for payments. A typical bitcoin wallet address consists of many random numbers and letters, creating a hard to remember and very long address. These addresses can cause mistakes, when typing out an address it is easy to mistake the sequence and lose your funds forever. Instead, Divi implements a simpler username based DNS/addressing network scheme, in which users purchase their usernames using the native currency Divi, kind of like when you purchase a domain name from a website host.
This creates a better application in which users are much less likely to mistakenly send funds to a non-existent or incorrect address due to a typo. Divi didn't stop there, usernames are cool but there is still a large gap in functionality between the established banking apps and crypto wallets. Divi has a robust set of features which mimic some of the most popular banking options as well as some new ones native to cryptocurrency.
They have implemented a time-lock enabled "vaulting" mechanism in which you can dedicate a certain portion of income towards the vault which can't be accessed by anyone until the timelock has expired. A much more structured version of a savings account.
The wallet has the capability to make scheduled and recurring payments. Making life much easier for crypto subscriptions to be automatically paid on a set schedule.
It has a payment splitting feature in which incoming funds can be distributed to multiple wallets. This means Divi can also be implemented in a business strategy, for example if you and three friends create a lawn mowing service, when funds are paid to one wallet, it can automatically distibute equal parts to each person's wallet.
To back their UI design is a world-renowned developer who is responsible for applications including Windows 10, and many other important software systems, Michael Greenwood. Their team includes many other developers who have had leadership roles in large companies such as Microsoft, the former CEO of Cointelegraph, former chief solutions manager at Yahoo, and more.
On the technical side, Divi's blockchain implements a PoS governance system with a tiered masternode program, in which the more coins a masternode stakes, the greater their chance of receiving the block rewards. This incentivizes masternodes to continue dedicating more and more of their earnings from mining towards staking, which in turn increases the security of the network. It also increases scarcity because the incentives for staking are greater than those for spending, making the availble currency lower because a greater portion will be dedicated to staking.
A novel implementation in the network is the lottery block system. Out of every block mined, there is 50 DIVI set aside to a lottery fund, accumulating 504,000 DIVI per week. This is broken into one winner of half, or 252,000 DIVI, and 10 smaller winners of 25,200 DIVI. These winners are picked based off a lottery ticket system, whereby users staking their currency that succesfully receive a stake during the week also receive a lottery ticket. At the end of the week, once 504,000 DIVI is collected, the winners are chosen based off the lottery tickets they own. The tickets themselves are just hashes assigned to each stakers wallets, and the 11 tickets with the highest hashes are chosen. Hashes are generated randomly, and the system allows users whose wallets are offline to still be eligble to be paid out the lottery if they have a winning ticket. Masternodes may not participate in the lottery, they make votes on fund management for the network and governance proposals, as well as other network maintenance tasks.
Their masternode program is also different, implementing traditional as well as cloud based masternodes. They have purchased server space on platforms offered by Amazon and Microsoft, and users pay for part of the fees this incurs in return for owning the mining power of that portion of server. They have what's called MOCCI, or masternode one click clous install, which also has a mobile device version called mMOCCI. The easier the set up, the more people will be able to take part in the network, creating a great network structure for scalability.
Divi has a development kit (SDK) in progress which would allow developers to create Dapps directly on the platform, giving users direct access through their wallet app. Users can then make payments to those platforms for goods and services, all hosted on the native blockchain. This is a much more seamless approach to facilitating the Dapp economy.
The network will produce less and less coins every year, as the block reward winds down over time, much like Bitcoin. At first the network will be only as fast as BTC's but as the number of miners grows so will the throughput of the network.
With more and more wallets becoming unreliable and many being just rip-offs of one another, Divi is a breath of fresh air in the wallet space. There are a number of unique features which will help scale up the rate of mass adoption for crypto. Divi has a lot of room to grow and a strong team of developers behind it. Look for Divi to grow drastically in the coming years.
The name of the blockchain game is scalability. Whichever platform can deliver the fastest throughput and the greatest transactions per second wins. In a global world, platforms need to be able to handle global levels of transactions, meaning simultaneous processing of thousands of transactions per second, possibly across several chains.
Yesterday's Coin of the Day was Seele, and there is are some noticable similarities between Zilliqa and Seele. Firstly, they both have unique names, Seele is german for soul, and zilliqa just sounds funny. Zilliqa ia another blockchain platform which offers its own main chain and allows for the implementation of side chain economies. The methods of record keeping and specifics behind protocols used are where the differences lie, and in those different methods and specifics are a set of pros and cons.
The method used by Zilliqa is one with a longer history in the crypto space. They use traditonal consensus mechanisms with a few added features which allow for fast transaction. One of these features is sharding. The Zilliqa network shards itself into pieces so as to make the network more scalable, because new nodes wouldn't need to keep track of data outside their shard. The load for joining is brought down and the nodes that join increase throughput.
With high throughput and a scalable network layer, Zilliqa is well equipped to handle the throughput of financial systems as well as smaller ecosystems which may be used in e-sports. Zilliqa has a native currency, Zillings, or Zils for short, and they are used to enter into contracts which exist on the Zilliqa platform.
Zils are also used for the consensus mechanism as a way to incentivize miners to create the proper blocks in the proper way. As in all crypto systems, the miners are paid for their block creation in the form of freshly mined currency, in this case Zils.
The main takeaway of today's coin is to understand that many of these platorms sound the same. They offer very similiar services, but where they differ is in implementation. In Zilliqa, consensus is achieved the way it has been in crypto for years, through Proof of Work algorithims. There are a few tweaks here and there but for the most part smart contract systems all work in very similiar ways.
Blockchains are not constricted to operate in singular dimensions. They can be linked to one another in many different ways, each with their own trade-offs and specific use cases. For example, the Ethereum blockchain contains many smart contracts which contain their own side chain economies, each with their own native tokens used to facilitate any number of transactions and services. There is often issues with scalability, fund withdrawls, and account balance discrepencies between the main chain's balance and the side chain's records.
Seele has a system called Seele Stem, in which each side chain directly sends relay blocks on a customary time basis, to the main chain. It only requires some public addresses and balances in each block to be sent to the main chain, so the blocks are lightweight making for a scalable network. Seele offers a parent chain which can hold many side chains. These side chains can decide what specific implementations they want to incorporate like thie consensus alogrithims, token usage, and overall platform features. Seele simply offers a reliable way to deploy these side chains, while maintaining a record within the main chain economy of all the side chain transactions and their affects on main chain wallet balances.
The picture above depicts a chain relationship in which every three blocks a relay block is sent to the main chain to update address balances. This way the side chain and main chain are in accordance with one another and there is a more symbiotic relationship between the two economies. The main chain is where the smart contracts governing the side chains will exist, storing account balances and wallet addresses taking part in those side chains.
This relay block period is important because another unique part of Seele is the ability of users to dispute account balances. A major problem in crypto for new users is the idea that all of the responsibility now falls into your lap, if there is an issue there is no central intermediary that you can fall back on like the banks. Now, that is a little less intimidating because of these block relay periods and the dispute mechanism in Seele.
When a new block is broadcast to the network by an operator, account balances are updated on the side chain, and if it is a relay block which are sent to the main chain as well, then the main chain is also updated. If a user beleives there is an issue, they may stake some tokens in a dispute claim, if they are correct their balances are fixed and they are returned their stake. If they lie, they pay that stake to the accused operator who produced the block in question. The operator proves his blocks validity with a mathematical proof which deteremines if that block was created in a valid way and contained the correct account balances according to the state of the blockchain.
Disputes do not incentivize users to dispute every block and claim they own more than they do because when they lie, the math proves it to be a lie, and they lose their coins. If they are not lying it is up to the operators to make whole the users who have lost some funds due to a miscalculation. Disputes can only be made in between relay blocks, so if a relay block is sent every 3 blocks the users have 2.5 blocks to enact a dispute and stake some tokens towards it, after each relay block is sent without dispute, the blockchain state is considered finalized and cannot be reversed. If a relay block is disputed, the blockchain is considered finalized once the dispute has been resolved and another relay block has been sent. This is a revolutionary way to ensure there are no dispcrepancies in the main chain balances and those on the side chains.
Main chain and side chain economies have been around for some time and are one of the most attractive features of crypto because they create the ability of users to build directly on top of pre-existing platforms with proven and robust security. Seele is a scalable, lightweight platform which enables thousands of transactions per second and that only grows as the network does. This is the blockchain 4.0, where chains are built on top of one another and the state of all the chains under the purview of the main chain are simultaneously updated. Blockchain will continue to grow and these side chain economies will be the way new platforms develop on top of the legacy ones we already know like Bictoin, Ethereum, Neo, etc. One last note, Seele as a currency is up ~%1100 in price over the last year...
Tokenize everything was a very popular saying in 2017 when new users in crypto began to realize the true power of decentralized systems. With blockchain, users can make a digital representation of whatever their heart desires. The applications of this new digital realm are leveraged through use of smart contracts to facilitate a whole new economic model.
The digital world has been growing, with the advent of e-sports and their multi-million dollar tournaments being at the forefront. These platforms are perfect segways into tokenized economies. Similiar to the popular game CS:GO, where there is a secondary marketplace for "skins" or camoflauges for your weapons, the tokenized economy presents the opportunity to remove the middle man.
With Waves, there is unlimited possibilities. Their platform offers the structure to create a digital representation of anything you'd like. A user can tokenize their car and use it in a decentralized uber, a company can easily fundraise money neccesary for developing a physical or digital product and reward their investors seamlessly. Those same video game market places can remove the middle man taking fees, and instead pay a much smaller fee to the network for facilitating the transaction between two individuals.
For those of you thinking this will end up cluttered, there is no need to worry. Yes, at first there may be some overly zealous programmers who create tokens for their dishes and kithcen furniture simply because its possible. However it doesn't matter, it is entirely up to the end user which platforms they support with their interaction. A decentralized economy is one in which the users have full say over which projects succeed and which fail. It is a truly free and open market.
One of the most unique applications of Waves are sponsored transactions. Lets say you have a dedicated user base of your platform which is built on top of waves and distributes and facilitates an open market for weapons in your virtual reality game. Your users probably wish to have no need to interact with the native currency Waves, which would be required for fees incurred by the users for taking up space in the network. The issuer of these assets can instead charge the fee in the token of their virtual reality, and as a sponsor pay for the fees to the network in waves. This creates a seamless interaction in which the users are completely seperated from the underlying blockchain platform, and receive an experience akin to the platforms they are already familiar with.
They have a fully developed platform on which there are a few 10,000 transactions per day, which is relatively small in the crypto space. Cheap alternatives to Ethereum are important because in an open market like crypto, competition is key. As Waves grows in usability and continually develops, they will not only be diversifying developers' options in the space, but driving innovation across the whole market. There will be no one chain to rule them all in crypto, instead the market structure is flattened as crypto builds on crypto, and the whole realm gets stronger.
The phsyical cosmos we reside in is made up of atoms, the building blocks of chemistry and all life around us, including us. Cosmos is an internet of blockchains which has the infrastructure to allow interoperability between ecosystems to be as seamless as possible. It has come up with interesting solutions to do so, one of which is the multi-token ecosystem they implement.
A large problem with cryptocurrency is the siloed ecosystems which have trouble interacting with one another. With a barrier like this, crypto would struggle to grow because users would have to choose what blockchain base they wish to interact with, which would have many consequences such as what currency is usable on that platform. With Cosmos the choice is less binary.
Cosmos nodes validate transactions across chains, and graft the results to the main Cosmos chain. This allows platforms built on cosmos to choose what currency they allow fees to be paid in. Say you build a dApp on Cosmos for blog posting, like Medium but decentralized, with a reward system for content creators. Users who transact with the platform can choose to do so with any currency supported by the miners on Cosmos, therefore there is a greater diversty of users on that platform. Another example would be if someone on the Bitcoin blockchain wished to transact with a user on the Ethereum blockchain directly. Cosmos would allow this type of interoperability, and the user sending funds can pay transaction fees in any number of currencies supported by Cosmos. Specifically, a user sending funds in any currency can be instantly converted to another, with no issue. The fees for that transaction can be paid in any currency "whitelisted" by the miners on the network. That whitelist of currencies accepted is voted on by the miners themselves as well as their respective conversion rates.
The Cosmos chain keeps track of currecny spent and transacted across multiple chains to ensure there is no double spending occuring in cross-chain transactions. Its mining network handles transactions that have multiple currencies involved and create a smooth expereince for the end user.
The atom is a token for staking only. There is no use value for the atom other than paying transaction fees in the network and staking them as a validator, other than they they cannot be used in the other implementations of the network. This seems counterintuitive but it solves a problem that other smart-contract blockchains, like Ethereum, have to deal with.
If the usability of Ether rises, there will be less supply that is available to stake and validate transactions. This is because miners would rather spend their eth receieving services and goods than staking it. This is the issue with allowing the native currency of a chain be used in applications as well as staking. A reduction in available supply for staking increases vulnerability in the network. If an attacker owns %5 of Ether supply, and there is only %14 of all ether available for staking, this user can commit a %33 attack on the network and cause major issues.
With the atom only being usable for staking and paying fees, there is a greater likelihood that %100 of the supply, or close to it, will always be staked. They also implement an inflation mechanism which incentivizes staking. If the proportion of supply staked drops, the block reward, or inflation of newly created coins, increaes so as to incentivize users to stake their coins, or risk having their stockpile of atoms' value eroded, as new coins enter the system and they don't recieve any. As the number of coins staked raise, the inflation decreases to not diulte the system.
The main attractive part of the Cosmos system is the interoperability of blockchains. In this crypto ecosystem which is evolving and growing at an exponential pace, mass adoption will be the final step in the race to free open commerce across the world. In order to achieve that the systems which exist and offer varying incentivizes for each platform's specific use cases, there will need to be some way to interact with one another. There is no point in being decentralized if there are massive barriers to interacting with various systems.
Until this one, the coins of the day have been smaller market caps and below the 50 rank, because there is already the e-book on the top 50 cryptocurrencies, available for free just above. However as crypto grows into another beautiful bull market, which will last the coming two to three years, it seems important to explain some of the top coins as well for newcomers.
When Bitcoin was first launched and Satoshi put his node on the network to start mining bitcoins, a revolution of finance and economics began. A financial renessance period if you will. As you may well know it has since opened up the floodgates of wealth and opportunity, ripe for the picking of crypto entreprenurs. It was not perfect however and was missing a neccesary second layer for building applications which directly linked to the underlying blockchain. Along came Vitalik Buterin.
Vitalik is the creator of Ethereum and he set out with the goal of decentralizing the whole internet, calling it then internet 2.0. Ethereum is a platform which runs on the same blockchain tech as bitcoin, but as a seperate entity. They are not on the same blockchain as the Ethereum blockchain is independent from Bitcoin's.
What makes it so special is not the currency. The currency is rather important and will be mentioned later, for now lets focus on the platform. It was different from bitcoin because Vitalik implemented what he called smart contracts. These are simply pieces of code which sit on the blockchain. They are exactly the same as regular contracts with a few added benefits.
Firstly, these contracts do not require a legal intermediary to ensure the terms and agreements of the contract are enforced. Instead, since the code specifies what needs to happen under these agreed upon conditions, the computers on the network enforce them. This way there is no counterparty risk when entering into an agreement with any user in the world. For example, bank escrow accounts are often used in traditional contracts to hold the funds of both parties and pay out to the one who "wins" under the agreements in the contract. Instead, the code acts as this escrow account, and the contract will not be initiated unless both parties deposit the correct amount of funds.
Those bank escrow accounts are subject to all the rules and regulations of the financial industry in which that bank resides, they incur large fees for the service, and can be subject to long waiting times for payouts of large amounts. And don't even try one with international parties, the red tape and fees alone will destroy any posibility of that working. With Ethereum, the fees are as low as a few dollars for transactions of hundreds of millions. There is instant settlement as Ethereum can handle thousands of transactions per second, and that throughput is only growing larger. Also since the system is decentralized, there is complete anonymity between the users transacting with one another, and therefore have no overbearing authority forcing them to comply to any rules or regulations.
Ether is the currency which makes all this possible. Every smart contract requires "gas", which is the techincal term, to make it run. This is because the contracts must be stored and executed by some computers on the network and they are compensated for doing so. Again this is still a %99 reduction in fees that would otherwise be paid to evil banks, funding their further expansion and control over the global economic system.
A quick example would be insurance contracts and the Internet of Things (IoT). Say you have a completely smart home, equipped with sensors all over reading micro data like the moisture in the air, the water consumed, the temperature, and much more. Lets say you would like to leverage this to get a better deal on your house insurance. One way to do so would be find a decentralized insurance agency. A smart contract which receives data from your sensors would feed data to the insurance agency, if you have a safe house and the data represents a stable climate, not much area for concern of a major disaster based on geographical location and the season, your premiums would be lower. If you live in Texas and it is tornado season and you live in tornado alley, then for those months of the year your premiums would rise, but your expected payout upon a disaster would also increase. This could be used to leverage faster issuance of claims and payouts because the house would be feeding a constant stream of data. If there is a fire, a sensor would pick up on that, automatically file a claim, and through the internet of sensors in the house assess the damages automatically. The insurance smart contract would then payout the claim instanlty in cryptocurrency, and the homeowner can begin rebuilding ASAP.
The beauty of decentralized systems has yet to be recongnized in its full potential. So far there are very few actually useful applications, call DApps or decentralized apps, available on the Ethereum blockchain. This space is open for opportunistic developers to gain a following in the space as they capitalize on an open makret of possibilities. Ether is the fuel, Ethereum is the rocket ship, and it is only a matter of time before the full potential of this space is realized and a takeoff occurs.
Verge is one of the less popular cryptocurrencies, currently sitting at rank 95 on coinpaprika. This is a bit confusing once you understand all the applicabilities of the Verge ecosystem, especially relevant in today's political climate. It is a privacy oriented coin which makes use of the Tor network as well as I2p communication channels to facilitate fast and anonymous transactions which are publicy verifiable.
At its base, Verge is a cryptocurrency which has the main goal of ensuring a user's privacy throughout each step of the transaction. Some more popular privacy coins like ZCash and Monero make use of zero-knowledge proofs, which are complex algorithims which ensure no user's identity can be ascertained from the transactions on the public blockchain. Verge instead uses elliptic curve Diffie Hellman (ECDH) key exchanges to achieve the same thing. The result is instantaneous transactions and a lightweight wallet.
One of Verge's key features has been it's intergration into social media platforms. Users can transact with one another on Discord, Twitter, Telgram, Slack, and Steam. All that is required are some funds in XVG and the user whom you wish to transact with's username. The user who receives your transaction can even withdrawl their funds with a single tweet. It does all this thorugh use of a bot which uses the Tor network to keep your identity private.
Telegram, the privacy oriented messaging service, recently shut down its work on an ICO in anticipation of the legal battles it would have had with governments such as the US cracking down on encryption. Thankfully, Verge has been ready for this since the start. They offer their own messaging platform which completely anonymizes the process of messagging. It uses the elliptic curve digital signature algorithim (ECDSA) to ensure the messgae you receive came from the original sender, and was not intercepted or altered during transmission across the network. Important to note is Verge's implementation of stealth addresses, which are one time addresses generated by the sender, and accesible by the receiver. This is used in the transactions of currency to make comepletly anonymous transactions possible on a public blockchain, as well as in the messaging system to ensure the same anonymity.
Verge really is a renesaince coin, specializing in transacting, but using it to facilitate many uses of the network. The platform uses Rootstock (RSK) smart contracts, which is a side chain that handles the execution of the smart contract, and grafts the transactions which take place onto the main chain.
There are so many use cases for this platform which offers instant payment settlement, five proof-of-work algortithims which ensures a robust network of nodes, extremely secure privacy, a messaging system and more. It is quite surprising this currency is so undervalued, at only 0.003 USD. Yes, it is less than a penny to gain access to this amazing platform. Less than a penny!
Stablecoins are important in the crypto industry, they provide a stable form of liquidity in the space where coins have very volatile price action. In order to understand these currencies, it is important to first understand the nature of price discovery in free markets such as cyrpto.
There is a very simple equation for calculating the price of a currency:
Market Cap ---------------- Total # of Coins
Market capitalization is the total amount of liquidity behind a coin, for example the current market cap of BTC is 177,574,844,372 USD, and the total circulating supply is 18,380,931. Divide market cap by supply and you arrive at 9660.82, which pretty close to the price of BTC aggregated by Coinpaprika, the small differnce coming from the premium exchanges charge for BTC, making the price slightly higher by about 28 USD.
As you can see, the supply rises and price will fall unless market cap can rise at a faster rate. For a currency like BTC where the possible long-term market cap is infinite, and the supply stictly limited to 21 million, the price is deflationary. That means over time it will increase in value due to an ever decreasing supply of freshly available coins. Understand that every day, more coins are held by users who will never sell their BTC for profit and view it as a long-term, as in 20-100 year, investment. Therefore the available supply drops at an even faster rate than the rate at which block reward halvings occur, increasing the price velocity even more.
Dai uses a smart contract to control the supply available, relative to the market cap, to keep it pegged to a stable price. This is done through a completely decentralized manner in which no central authority may affect the smart contract, it is set in stone, and code is law in blockchain realms. Think of it like this, the market cap of a currency cannot be controlled unless there is come cap placed on it which would be a foolish implementation. Therfore the only way to control price in a decentralised manner which doesn't require a single entity tracking when coins need to be created is with an algorithim that constantly emits and burns coins as it sees fit, to maintain the price peg.
The network also has a governance token. The network voting on the platform for changes to be implemented are used with that token, called MKR. That is the main difference between a platform with a utility token and a stable coin, the utility token grants governance powers to the users who own them and the stable coin facilitates the transactions of the economy on the platform.
Maker Dao is a decentralized platform, which allows users to stake their ETH and return loans in Dai, or vice versa if users wish to enact in a currency swap on the open platform, and they may do so in any currency they choose. The beauty of these platforms is that they allow creditors and borrowers to come together in a single place, with decentralization keeping them anonymous to one another. It gives back the power over loan creation to the parties generating the collateral and loans themselves. All new business funding opportunities are now available due to this platform, which otherwise would be impossible to acheive. It is important to remember, as a business owner in the crypto space you are direct competition to the banks, regardless of what service you are providing. They will not like to see you use their money to build the infrastructure needed to further increase the speed at which they are being disrupted and made redundant.
The Blue Helix blockchain ecosystem is a modge podge of many different decentralized applications from settlement of transactions to a decentralized finance platform. It is a relatively new chain, as it was created in 2019 and its mainnet is still in development until Q2 of 2020. For the last few years, they have been offering exchange services for crypotcurrency traders in the forms of OTC, opions, contracts, and spot on the formerly known Blue Helix exchange.
Their exchange is a centralized entitity, owned by the parent corporation Blue Helix. Recently they have rebranded from the BHex token to HBTC. They have made this change as they are truly no longer a utility token of a smart contract existing on a seperate blockchain, but instead the native currency of the HBTC blockchain. The difference being before the BHex token was just one to be used to facilitate trades on the BHex exchange, and now it is to be used in securing the network through consensus mechanisms being enforced with HBTC.
As they move forward, they plan to implement a decentralized finance platform, which will likely come with its own stable coin for facilitating loans. Watch for this to be the next step in development as the testnet phase winds down, and the mainnet launch inches closer.
Blue Helix has an impressive list of 56 investors and partners, two of which include two of the largest crypto exchanges availble, Huobi and OkCoin. Both of which have been in crypto since the earliest days, and some of the first exchanges available. In fact, the founder of HBTC, James Ju, was also on of the core members of Huobi from the beggining.
Since the blockchain is still in it's testnet phase, only 4 validators are on the network, with 25% of the currency's supply dsitributed evenly in stakes. This number will grow once the validation process is made open source, and they implement their hybrid consensus mechanism combining BFT and DPOS.
There is not much info as this project is still in its earliest stages of development. It has just recently broken into top 100 rankings on coinpaprika, sitting at 97 at the time of writing. Look for this coin to grow futher in price and usefulness, as the platform is currently poised to be a big winner in the growing DeFi space, especially with support from established veterans like Huobi and OkCoin.
In order to facilitate trades on an exchange, the owner of the server must keep what is called an order book. These can be seen on all exchange websites, and it is a symbol of centralisation in the exchange. These points of failure in crypto systems, which create barriers for those wishing to transact privately, are just one of many vulnerabilities as an effect of the server being owned by one entity, rather than being spread across a network.
Kyber Network is a set of smart contracts that exist on the Ethereum blockchain. They provide a single end-point at which users can transact across a multitude of currencies. It provides a place for liquidity to be pooled together, in all different cryptocurrency forms. The ask and bid prices are set by the users, and the computers on the network facilitate the transactions.
Kyber offers a base structure which is compatible with all smart-contract enabled blockchains, meaning you can take advantage of Kyber's polished API's and payment network infrastructure to create an exchange on EOS, Ethereum, Golem, and many more. They offer instant settlement of all trades, and fast search mechanisms which get the user the best offer available across the network.
The Kyber Network Crytstals exist for a few reaons, the first being economic facilitation. Trades being made cross-chain must be validated across several chains, and therefore incurs fees, which are paid in crystals to the Kyber Network. They are also used by the network to vote on proposals to the network such as coin listing and network updates. The coins are used to represent votes which can be cast towards the proposals the users care to implement. Interestingly, this can be implemented with the Kyber smart contracts on whatever side-chain you build your application on. Finally, KNC are used to raise funds to pay for the network proposals being implemented, incentivizing fast and efficient network updates.
Being decentralised like this eliminates the risk of your coins being comprimised due to a vulnerability in the company's server. Now traders can have instant settlement, where all orders are "fill or kill", meaning no orders are partially filled. There are many applications to this and Kyber implementing a decentralised exchange is only one of them. Since KNC is used in all smart contracts supported by Kyber, regardless of the chain it resides on, the value will grow with the expansion of projects using it. With a wide array of use cases, and proven strucure, KNC could be a coin to look for future market growth..
There has been a trend of people being banned, demonitized, and videos being pulled from youtube for dissenting against what they deem to be suitable content. This should come as no surprise for those who understand the problem of centralized authority over publishing and content creation platforms. Because of crypto, there is a not-well-known solution, that has been around since 2016.
Library is akin to youtube, but without the guidelines. Content creators post their videos, blogs, photos, or any other types of media they wish onto their account. Because this is an open-source project, no company can dictate what gudelines are to be followed, which are not guidlines but usually over-the-top rules enforcing the bias of the parent company.
Instead of hoping youtube will pay you for bringing them massive revenue through ads, Library relies on the users to pay the creators, and before that turns you off to it, read some more. Library has it's own native currency called Library Credits, or LBC tokens. These can be used to donate to users, or they can be used to purchase access to content which has been set to be private unless a user pays out a small fee. Some may see this as an expensive alternative, but in reality it is much cheaper.
LBC tokens have a relatively low price, currenly exchanged at around 0.53 cents USD. They are cheap and easy to obtain, when you sign up for an account Library gives you some tokens. You can also dedicate your computer to hosting data for the network, and recieve payment in LBC tokens, this process is called mining. Miners host the data being requested by users across the world, and when it is being requested for viewing, serve them that content digitally, and recieve a payment from the network for doing so. This is how Library operated without a parent company. There are several other ways to get LBC tokens, which you can read here.
Youtube, which is owned by Google, is notorious for data mining using some sketchy, albeit legal, practices. Think of all the times you heard a theme song play during the day for a random TV show, say Game of Thrones, and the next thing you see on youtube is an ad for and HBO subscription, focused around a Game of Thrones trailer. If they hear these things, they hear everything, and many may call it paranoid, but it is completely reasonable to dislike companies eavesdropping. Especially when we really do not know what they are doing with this data behind closed doors. Youtube isn't free, they just never told you the price was your privacy.
As with all decentralized platforms, the inital reaction is always that people dislike the idea of actually paying for what they already recieve for "free". You could charge just 0.1 LBC, or even less if you choose to do so, which is equivalent to about 0.05 cents USD. That means for each view of your content, you receive a guaranteed 5 cents, and it seems reasonable to assume users would be willing to trade complete control of their data over from youtube to themselves, for only 5 cents a view. Of course some people will be greedy, they will charge 10 LBC, or 5 dollars, per view. These people are only hurting themselves, as the creators on this platform would benefit most from volume, meaning the lower the price, the more people will view the video because it is so cheap, and the more the creator earns in revenue.
Many youtubers also rely on donations through patreon. Using a middle man like this is a problem because there is just another censored platform which can kick you off at any time, revoke your privelage to use the paltform, and cut you off from your income stream entirely. Even if they allow you to use their platform, they charge you large fees. With Library, donations are made directly from viewer to creator, no middle men involved. The reduction in fees alone compared to using patreon is enough to make this much more profitable of a model.
It doesn't have to be one or the other. Many creators have chosen to post on multiple platforms. This can just become another income stream for creators to take advantage of. Library even makes it easy, and allows for quick integration with your youtube account so when you post videos on youtube, you can seamlessly add them to your Library page.
Censorship like the kind being seen on youtube is a huge problem, the only way to grow as a society is with free and open communication. Ideas may be offensive or "harmful" is usally the first pushback against a platform which allows truly free speech. However, out of the community driven network, emerges a system in which users can decide who to support and who to ignore. If we as the users have control over whose videos to monetize by donating and paying for content, we also choose who to promote within our own cliques of interest.
The world has an issue with using crypto. For some odd reason many business owners and merchants still do not wish to recieve their payments in crypto, seemingly because they prefer their fiat. Many people say things like "can't pay my bills in bitcoin", or something along those lines, which is not even true in many places in the world today. Those late adopters who wish to transact solely in fiat now have an option to bridge the gap with potential crypto paying customers.
Crypterium is the world's first cryptocurrency bank, it was started in the boom of '17 when being a "blockchain company" with a white paper could get anyone between 10 and 100 million in fundraising. The platform offers an extensive list of services which actually enable everyday fiat users to transact with crypto enthusiats, all the while never touching the fake internet money they refuse to accept.
The Crypterium system is a smart contract on the Ethereum blockchain with an ERC20 utility token. It was started by the same two guys that created the QRCode payment system QRPay in 2013. They have integrated the ability to interact with contactless readers, paying with your crypto the same way you would ApplePay, directly into the crypterium wallet. The wallet itself supports storage of a large number of coins and all ERC20 tokens.
When you pay with this wallet, on the merchant's end is just another regular transaction, and they receieve payment in fiat. The user doesn't need any fiat, just the crypto they are paying in, and CRPT token for paying a %0.05 fee, which is not paid to anyone but instead used to facilitate the transaction, and is burned in the process.
They use a real-time algorithim, which checks a range of cryptocurrency exchanges, and converts the crypto being used for payment into fiat, at the best rate available at the time of transaction. This ends up accruing the user a much smaller fee than that offered by the "%0 fee" offered by many crypto wallets, which upcharge through hidden fees, and by converting the fiat on their own, charging a much larger percentage when all is said and done. This way the user interacts with the exhange directly through the smart contract and pays no middle man a fee.
You may have noticed it is required to own CRPT tokens to make payments. At first this may seem to be an issue, but Crypterium has created a loyalty program to solve this problem. They simply reward users for making transactions with CRPT tokens, so the more transactions you make, and thereby the more CRPT you use, the more you are rewarded. This creates another incentive to go out an actually transact in crypto, which is what will spread adoption much faster than speculation and HODL'ing. It is akin to airline miles on credit cards.
Another very exciting application of Crypterium which it plans to integrate is crypto-backed loans. Under this system, users would be able to facilitate funding through Crypterium in a peer-to-peer way, fully cutting out banks. This will unlock a huge new pool of capital for entrepreneurs who wish to find a way to finance their dreams without an expensive and picky bank.
Overall it is platforms like this that will drive widespread payment networks to pop up all across the globe. There is no reason a willing and able customer in Ethiopia, without access to a traditional bank, cannot participate in the online, or local, economy. All that is needed today to enter into the world of commerce is a smartphone that can be as cheap as 50 dollars, it just needs enough space to download the app and some internet connection. The only way to defeat the system we are currently operating unders is to make use of these global peer-to-peer payment systems, which undermine the power of fiat currencies, and therefore the governements underpinning them.
Crypto and AI go hand in hand. Crypto garners the power of distributed computing and uses it to secrure the newtork on which transactions occur, and AI can benefit from this directly.
Instead of using mining rigs to do equations and store results for AI to further model off, Numberaire offers a new idea. Their main goal is to create the hest AI-powered trading bot, whcih react well to new data, in a predictable manner.
They rely on open competition to drive the precision of AI models to predict financial markets. Apparently there is an issue in AI development which causes AI to become suboptimal or useless, it's called overfitting. This occurs when a data sceintiest uses a set of data to test their program, and instead of changing the data which is best practice, they recycle the results and re-run the same model, on the same test, with the results. This redundancy of the tests renders the AI's findings less accurate, or sometimes completely useless. With Numeraire, this will be put to a stop.
On Numeraire, data scientists may model using comletely free and refined data sets, and using those models, earn some money. All one must do is create a model for which the AI can receive new data on prices, and take advantage.
They are aiming to make an decentralized incentive system for making powerful AI models.
Data scientists can make their models and use them in the tournament Numeraire runs. Your model must have a target of expected future performance, and coins must be staked behind each model. The coins are staked in a tuple, a data structure in which two variables are held together as a pair, in which users state their confidence, or c, which represents how much they value their NMR per dollar, and the actual amount staked, or s. These touranments all have reward pools, paid out by the smart contract governing the distribution of NMR, based on the performance of the model.
Take this example from the Numeraire white paper, which simply explainst the tournament process. For those unfamiliar with math-speak, "Logloss < -ln(0.5)" can be read as "model was succesful or not" and the yes and no answers correspond.
Numeraire is another in a line of platforms aiming to facilitate the progression of AI. This one is specifically targeted towards the use case of predicting the stock market, and gives out relevant data to do so. There are however endless use cases in which crypto can be leveraged to futher AI research and better the world in a way other than freeing people economically.
Have you ever browsed through a social media and been frustrated by a glitch, thought of a good idea to implement, or been creeped out by an ad that came from spying on your conversations? If so, you know the troubles of using a modern day social media app which blocks the user out from making decisions on the platform and relinquishes your right to privacy with snooping ads. All of this can be solved however through decentralization, and that is what Status offers.
The current business model of social media apps is based on a the user-as-a-product profit system in which the company takes your data when you sign up and use the app, and sells it to advertisers. The end result is a platform which tracks your viewing habits and taps your mic to listen in on your conversations. Status is a decentralized network which offers solutions in the from of distributed open-source tech. They run a mobile client which communicates with the Ethereum blockchain and acts as a messenger app, web 3.0 browser for DApps, and a multi-assett wallet.
Users can message one another on the platform privately and anonymously. The network is intended to be a social media platform in which users can post to communities or private chats, all without worrying about who owns their data. It uses cryptoeconomic incentives to ensure the users of the network are not running rampant with bot accounts as is a major problem on Twitter and Instagram. Twitter has up to nearly 50 millions bots, per a 2017 report, which often are used only for spreading spam. On Status users can set a fee that a user must pay to contact someone outside of their contact circle. If the user being reached out to replies, they recieve the payment, and the conversation can ensue. Think LinkedIn with a native currency and no data mining.
So far, one issue for decentralized social media has been the availability push notifications, and Status has found a solution. Users running nodes on the network can choose to store these notifications for others while their clients are not online. This way when the client does go back online, they are up to date, and the person serving these notifications is compensated through either direct payment, or serving ads to the user who is recieving the notifications. It creates a whole market for storing these notifications with a multi-faceted way of being compensated as the user serving and storing the notifications. It also keeps user data private, as the user can choose who serves them the notifications based on their rules for payment and/or ads. Currently these notifications are considered free but you are really just selling the company data on your interests and allowing them to serve you targeted ads, which they make a profit on.
A point of failure for social media is also the verification process, users must relinquish great amounts of sensitive data to the parent company in order to be verified. This data is always at risk of being exposed in a data breach. Instead on Status, users can stake some amount of tokens behind a user in order to give that user a reputation on the network. This means people can actively decide who to trust on the network based on the way they act. Users can stake and also reclaim their stakes, meaning a user's reputation is at the mercy of his audience, increasing the value therefore the quality of content people will produce. Think about how much "shitposting" there is on Twitter, instead users would be pressured to produce quality content to increase their reputation.
If you are a user who typically enables dark mode on whatever platform you use, you know how frustrating it can be when it is not offered. With status, the users dictate the course of development, so when a network update is proposed, users can vote on proposals they want to see implemented. This puts the choice of what gets developed and when in the hands of the users and not the developers, while still incetivizing developers to work, as they recieve a payout from the voting process once the code is successfully implemented per the proposal's details.
Status is poised for the future of social media. It enables users to messsage one another anonymously and without fear of infringing governments reading their messages, as China openly does, and brings to the forefront the issue of data mining in social media. It provides a platform on which users can interact with the Ethereum ecosystem of DApps in a seamless way that is familiar. The familiarity is key, as the number of users who adopt crypto will only rise if they are given a product they can understand and resembles what they already use.
Bytom is aiming to bridge the gap between the physical world and byte world, or computers. They offer a three-layer technology on which users can create entire digital economies. It has three chains for asset creation, settlement, and contract creation. They implement an AI-ASIC friendly PoW algorithim for consensus, that sounds complicated, but is simply explained later.
They refer to the ecosystems built on the side chains as byte worlds which contain byte-assets(BA). These BAs are all the same technologically, but represent different things. The fcat that they are the same is very important because it means anything can be swapped for anything else.
Say Joe likes poker, and flys a lot. He notices he always sees delayed flights on the boards while he's waiting for his flight. He decides to create a income stream out of this through Bytom. Since he has some programming knowledge, he creates a smart contract which offers a bet saying "Flight XYZ will be delayed", integrates a simple API which reports on the status of flights, and now anyone can bet on whether the answer will be yes or no, in whatever currency Joe decides to accept. Joe could even allow acceptance of other digital assets like land deeds, art, etc. for collateral to enter into the bet. Once the contract determines a yes or no, the contract sends a transaction to the settlement layer and pays out the winners with funds provided by the losers.
Another example, say Sally owns a nice car. She wishes to digitize her car and use it as collateral to open her own business. She uses the asset creation chain to provide the neccessary documents and info needed to prove she is the owner in the form of a BA. She can now create a contract which says she is willing to give up digital, and phsical, ownership of her car, if she cannot repay a loan of X amount of money at Y interest to fund her business. The contract may specify a delivery method and time-constraint for delivery of the car upon failure to repay. It takes the power of negotiating credit out of the hands of the bank and into the hands of the people interacting with one another.
These are two simple examples, the possibilities are endless. Digital economies are the future, they help to streamline economic growth by providing new forms of credit and areas of profitability which didn't exist before.
Now this part is a bit technical but I will keep it in plain english. The way we are advancing AI is by doing difficult math problems, collecting results, and doing more calculations using the new results. That is an extreme oversimplification but at its core that is what is happening behind the computer casing. Therefore the more computaional power, that is the greater the amount of calculations possible, the faster AI learns. The consensus algorithim used to secure the networrk implements these calculations, so when a mining rig becomes outdated, as they do every year or so, they can still provide a benefit and recieve rewards by doing these computations. This is part of a recent expansion in the field of distributed computing, and offers a very exciting new way to advance AI further.
These new economies inherit a system which requires some type of enforecemnt of contract stipulations. What is to stop Sally from never sending her car to her funder? These digital contracts need to be considered an agreement under with sort type of penalty system. Digital ownership transfer needs to be recognized in the current justice system we have as a legitimate transaction. I am sure some time in the future we will see some case of this, as some people will certainly act badly under this system. One possible solution in the future may involve some sort of blockchain based contract enforcement system. Thought it hasn't happened yet, this is certainly a possibility as crypto and blockchain continue to permeate all areas of the world.
Sologenic is a blockchain built on top of the XRP ledger. It allows for tokenization of all kinds of assets, providing a market for crypto enthusiats to take advantage of traditional financial instruments. They offer a DEX, or decentralized exchange, on which users can trade the tokenized assets, paired against the SOLO token, 24/7. This project is only 2 months old, started in March of 2020. They already offer over 40,000 stocks, ETFs, and commodities, across global markets, giving traders exposure to a wide range of investment opportunities.
They have built on top of XRP to take advantage of their fast settlement times and stong payment channels. XRP is more centralized due to it's required screening process in order to become a validator on the network. They say that part of the reason for choosing XRP is their ties to governments and financial institutions, which is what centralizes XRP. They are offering tokeized securities so there is a great deal of regulation they must comply with, and choosing a known validator set comprised of established players makes sense. In general this will curb the adoption of SOLO because most crypto users are against centralization and banks, the exact framework for XRP. Also the rise of DEXes in general which do not require KYC will look much more attractive to users who do not wish to pay taxes.
They offer a staking program, where fees paid on the exchnage are used to pay rewards to users who choose to stake their currency. This is called their Liquidity Provider Reward Program (LPRP), which helps provide liquidity in the market to ensure trades are settled quickly. A user can recieve up to %20 annually, if locked up for the max time available, three months. Their fee system also incurs a %0.01 burn fee from sellers to buyers, which creates a deflationary trend for the coin over time. There will be a maximum of 400 million SOLOs in its lifetime.
All this access to money of course brings a hefty KYC. This deters many users in crypto who wish to transact privately and anonymously. Just looking at their white paper section on the subject, there are three and a half pages coveing KYC and AML rules they are obligated to follow and that you must comply with. Not a very open and decentralized DEX.
They recognize the changing nature of stocks and dividends, and when the amount of stock availble changes, or some other detail of any security offered is altered, they provide a 30-day buyback period where users can go and trade outdated tokens with new ones that fit the updated details.
Probably the most interesting thing about SOLO is its Proof of Solvency mechanism. In order to list a tokenized security for trading, a third party must hold the non-tokenized, or physical, asset in a trust. Using APIs from third parties and an endpoint which users can view, they prove the existance of the underlying securities being traded. In addition, they plan to conduct third party audits to prove they are as transparent as they claim.
They also offer the recently very popular service of a crypto credit card. The SOLO Card would offer somewhat competitive cashback rates ranging from 0.25-2 percent, with the basic level receiving no cashback. They have a tiered system for putting users into categories depending on the amount of SOLO locked up in the account. These tiers have a growing reward size and a diminishing fee rate, the more you lock up, the less it costs you in terms of the fees, and increased rebate size. To get a card, one must lock up a certain amount of SOLO, from 200-2000 tokens. It is locked for 12 months and if the required amount drops below %50 of the minimum, the locked SOLO is used to cover the costs of the card and no longer accesible to the user. The max rebate per month is only 10 USD and paid out in SOLO on the first of each month.
All in all a very new platform with room to grow. Users who are not used to crypto and do not fully understand the point of it is to service the unbanked and take business away from the banks will likely enjoy this new Crypto Credit Card service very much. Regardless of the feelings you have towards these "cryptocurrencies" which seem like banks in sheep's wool, the token is currently only worth ~0.26 cents USD as of the time of writing, and with 40,000 listed assets in just 2 months, this seems like it will pick up quickly.
Augur is a set of smart contracts enabling users to create their own prediction markets. Users may post smart contracts that other users may take part in, which involves betting on a certain outcome of a certain event. There have been wagers on the weather, presidential elections, sporting events, and more. It is not a
Augur being decentralized allows users to enter into profitable bets that may otherwise be restricted because of local draconian regulations. For example, if you live in Yemen, you cannot go to a physical casino. It is highly illegal to take part in gambling there due to their Muslim laws which view gambling as pushing you further from god.
Obviously laws like this are outdated and restrict many people from making a stream of income that can be quite lucrative. According to Casino.org, global gambling has been on the rise since the start of the decade.
As gambling becomes more and more attractive to users across the globe, the trend will find its way into countries with laws such as Yemen's. Augur looks to take full advantage of this.
The coin has seen great development, recently releasing an all-new website aesthetic and new app for a smoother user experience. The trading markets however have not been so kind to fully appreciate the use of Augur and how wide-spread its market really is. The anticipated release of Augur V2 includes uncapped betting on crypto prices and milestones. With no withdrawal fees and no limit on betting sizes or winnings, this will certainly give centralized exchanges a run for their money.
Augur being a set of solidity smart contracts on the Ethereum blockchain means when V2 releases, which is currently set for june, it will be as simple as uploading the fresh contracts for nodes to implement. Oracle services like Augur and ChainLink will be the recipient of quite a bit of attention this year as crypto begins to rise to the forefront of main-stream media outlets, reminiscent of the stage set up for the great crypto bull run of '17.
Augur is the protocol, Reputation (REP) is the currency. REP is used as a staking mechanism in which REP holders stake their tokens on the outcomes expected by the user. This is how the system incentivize truthful reporting of market bet outcomes. If you report correctly, i.e. truthful reporting of an event's outcome, you receive some of the network's settlement fees proportionate to your stake. Stake on an incorrect one and you do not get the fees, if you report an outcome incorrectly you lose your stake entirely. Simply put, users may stake their REP tokens on outcomes, if an outcome is correct, or true, that user receives a fee, otherwise they receive nothing and lose nothing. If a user reports an incorrect, or false, outcome, their stake is revoked. It is the miners on the Ethereum blockchain who route, match, store and process orders, trades and markets on the Augur protocol.
This structure allows for smooth market settlements and trustworthy, anonymous REP holders who report outcomes correctly. Augur has yet to experience a fork but is has a very unique method for resolution. Augur markets exist in a parent universe, if a market forks, all undisputed markets in the parent universe are frozen, and fees are not paid out until the fork is settled, however shares may still be traded in these frozen markets. The forked market enters a child universe, and all REP holders are incentivized to participate in the fork. A fork is resolved through a majority vote in which the final outcome is ascertained by the amount of REP staked behind that outcome. A fork ends when either %50 of all parent universe REP tokens have migrated to a child universe, or 60 days passes. Any REP holders that do not participate in a fork lose %5 of their holdings.
While this may be a complicated process, bear in mind it hasn't happened in its six years of being used. In that time millions of contracts have been settled with no need for a fork. Given the very disruptive nature of Augur forks, more than likely in Augur V2 they will be implemented in some other way, news on that is still being awaited. Overall Augur is poised to have a huge year and looks pretty cheap at only 10.82 USD as of this being written.
Many coins look to take advantage of blockchain platforms which allows for easy set-up of blockchain systems that don't rely an intensive knowledge of bulding cryptographic systems ffrom scratch. These platforms include Ethereum, EOS, and a few other big names in the crypto top 50. The platforms built on top of these blockchains benefit from the security and transaction throughput of already established blockchains. ABBC has positioned itself to take advantage of this in a major way in the coming years.
Bitcoin being the gold standard of cryptocurrency makes not many people interested in spending the coins for goods and services. The HODL mentality has helped drive up price but does not help the coin prove its usability in everyday life, such as purchasing groceries or paying utility bills. Thankfully the crypto ecosystem is wide open and there is great opportunity to capture a large market share of crypto enthusiats who would spend their crypto if the HODL method was not so atrractive.
Coins like ABBC look to fill this gap. They have built a functioning blokchain on the EOS platform. This allows them to mirror all the things that made EOS one of the top 10 cryptocurrencies. You can see all of the top 50 cryptocurrencies and their uses here. ABBC being built on top of EOS has inherited all their best features including their block producer (BP) validation system. EOS, and by association ABBC, does not use fees to pay BP's but rather has a set rate of %5 inflation every year to reward these BP's, analogous to the block reward system of BTC with a few twists. There are two groups of BP's; active and standby. Active BP's are included in the standby group, which is key for this next part. Hard coded into the system of EOS, and now ABBC, is the fact that %25 of this BP inflation is set aside for active producers only, and the other %75 for those on standby. This allows for active producers to be rewarded for their greater work but still incentvizes those who have been inactive to provide redundancy to the network and also rejoin as an active producer in the future. The inflation rate of %5 can always be changed through the network's voting and prposal system.
ABBC does remove inactive block producers from the pool through an algorithim which checks who has missed blocks because they are inactive, which makes dilligence over one's node a rewarded feature. This is important for keeping a high number of active block producers, all competing to be voted into the next set of 21 producers.
Retail sectors being monopolized by large companies such as Amazon, Google, and a handful of others is one major driving factor for ABBC. They look to provide the infrastructure needed to allow merchants, users, and advertisers to implement a lower-fee model in which the small and medium sized business owners can continue to compete. Obvioulsy ABBC has stiff competition in the form of currencies like Dash, ADA, Litecoin, and others, but that is the true beauty of crypto; free market competition. It is this driving force that will make coins like ABBC strive to gain an upperhand in any way possible through providing greater value to their users. They are already working on this, implementing the latest tech in their functional systems which facilitate the transactions on the network and create a seamless user experience. Some of that tech worth mentioning woul be their notification module which allows for a blockchain notifcation system in which merchants can use blockchain data to provide accurate advertisement to users without compromising their data. They have their own multi currency wallet which uses the highest level of security, offered in the form of a heirarchichal deterministic wallet with support for all ERC-20 tokens as well as the EOS based ABBC coin.
Coins like ABBC certainly have a place in this market in the furutre. Of course only time will tell what is in store for ABBC specifically, but as of now they are positioned well to provide value to businesses struggling to find room to expand their margins without increasing prices.
Many trading platforms have decided to not only be a listing service for other coins, but also many now involve themselves in the creatoion of their own platform-specific tokens. KuCoin has been around since the crypto bull run of '17 which saw the largest number of exchnages being created.
The platform has it's own tokens called KCS. These tokens are used by the platform to offer reductions in fees and small payouts when the users hold these tokens on the exchnage for a certain period of time. This is very similiar to the proof of stake mechanism many currencies use to mine new blocks. These tokens are not mined, instead many are bought back by the exchanges themselves, in what is called the burning process, using fees paid by cutomers to trade on the platform. The securoty of the transations of KCS are validated on the Ethereum blockchain through the smart contract governing the tokens.
The release of KuCoins was staggered into three phases in a 2017 ICO, during which %35 of the supply, or 70 million tokens, was intitially released by the founders, in stage two angel investment and official fundraising rounds supplied funding for 30 million tokens, %15 of the total. In the final stage 100 million tokens were released to the public, the remaining % 50 of the supply.
KuCoin is a cryptocurrency exchange which is looking to get involved in the decentralized exchange business. As this goal becomes more and more realistic, since other platforms are already achieveing this goal like Binance's decntralized exchange, the value of KCS will become greater due to it's neccesity in the decentralized exchange. Since the beggining of the platform they have stated their goals of becoming a fully decentralized platform and that KCS would be "the back bone of that system", as they said in their whitepaper back in 2017.
These platform-specific utility tokens often exist as ERC20 tokens which allow for easy transactability because anyone with an Ethereum wallet can accept any ERC20 token. As Ethereum is ramping up to make the official shift to a proof of stake system, making it faster and more decentralized than ever before, an increase in the value of ERC20 tokens should follow, as they benefit from any upgrades to the underlying system they exist on.
NRG is a utility token used on the Energi blockchain. The main goal of Energi is to facilitae global adoption of cryptocurrencies and their unlimited use cases in the development of smart contracts. Energi as a blockchain with a code-base that is the same as Ethereum, that doesn't mean it is a layer two tech of Ethereum, but instead a seperate blockchain ecosystem in which support for Ethereum smart contracts and tokens are applicable.
It has had 3 phases so far and is currently in Energi 3.0, with Energi 1.0 having been realeased two years ago there has been quite a bit of development. They did not have a pre-mine or ICO but instead have engineered coin emmission as their distribution method through a program called earndrop whereby users can ean 100 NRG by following some simple rules here. This is a very unique way of distributing coins and ensuring a global base of followers.
Energi claims to be self-funded, by having %40 of the tokens released every month held by a decentralized treasury. The platform releases 1 million coins a month. There is currently no hard cap limit on the number of NRG coins that will ever exist.The treasury is simply a wallet holding a lage supply of NRG tokens which can be dispersed to developers and dedicated to other proposals which can be submitted by any user through master node approval. The master nodes in the system, which require a minimum stake of 1000 NRG, vote on which proposals recieve funding. This is not a new way of operating in the crypto space, Dash has been run this way since its inception in 2014. This setup allows for investments to be made in the devlopment community to provide quality assurance by having master nodes vote on investment propositions. It also ensure that community development will happen and doesn't rely on oluntary developers to make contributions withour being rewarded directly. This adds some centralization to Energi but that level lowers as the incentive to run a masternode grows with the value of the coin and underlying platform.
Energi recognizes the complexity behind crypto as it exists today compared to the simplistic and well-accustomed-to system of retail banking we know today and aims to flatten the steep learning curve. It looks to solve this problem through implementing a smooth UI that they liken to using Venomo or Cashapp in their whitepaper, in which phone contacts are linked to wallets and sending funds would be as simple as using your contact list in an NRG wallet. This is not how it currently works but their success in accomplishing their roadmap goals in the past is a positive measure of future growth.
They also look to enhance security through an investigative branch of the ecosystem, called the Energi Bureau of Investigation (EBI), to protect users from hackers and malicious actors in the system, implementing some sort of safety net for vitims of hacks. It is unclear at this time what this will entail but if done properly it could be a key difference setting NRG apart from other cryptocurrencies.
Yet to be released but in development in the community for a little over a year now is Energi X, a decentralized crypto futures exhancge platform, desgined to rival BitMEX, with it's main pairing being with NRG. The propect of decentralized exxchanges is huge because it allows previoulsy restricted investors, restricted due to their geographical location and the laws pertinent to them, to engage in trading that would otherwise be illegal. This drives up the value of the crypto ecosystem as a whole.
Siacoin is a utility token used to facilitate smart contracts on the Sia blockchain. Sia enables a special type of cmart contract called a "file contract" whereby a host must lock up some funds in order to prove that they will host some datafor a user who compensated the host once the contract is terminated. The files are encrypted and sent to a alrge number of hosts across the globe to protect your data from hackers and malicious actors in the network.
There is a second form of Sia token called Sia funds, which are tokenized securities. There were 10000 created at Sia's inecption and was orginally held by the Nebulous company, the team of core developers behind Sia. These funds were used to crowdsource funding from third party investors. Siacoin does not, however have a supply cap on the number that will exist due to the nature of file sharing networks requiring an unknowable amount of coins to facilitate and unknowabe number of transactions over the course of the blockchain's use.
Siacoin has been around since 2015 and while some claim it is centralized that is not true. Yes, there is a team of core developers who have teamed together in Boston under the Nebulous group, however the code is entirely open source and their blockchain network is robust and global. Forming a group was a way to generate third-party funding from investors through the sale of Sia funds.
The most recent development in Sia has been the implementation of a layer two technology called Skynet. It is essentially a fully open and decentralized web comprised of a global network of servers being hosted by independent computers. Though unlike Sia where files are default encrypted to protect your privacy from hosts holding your data, Skynet was built to be an open publishing platform, though you can just as easily encrypt the files you upload before they are uploaded.
A user decides to upload a file and subsequently "pins" that file onto the network, which is run on top of the Sia blockchain, for all other users to see. The file is accessible through a link that is generated to the file upon uploading and looks something like this "sia://TAACfPM8uKM-DG0rbefiQPUUBYfDew4BEaQJd7xeizMltw". A user can then share this link and to further reinforce the file any other user can choose to also pin that file. Probably the most intersting part of Skynet is it's capabilities to upload text messages onto the system, essentially providing for an immutable source of communication between any two parties.
In the past filesharing websites such as these have been the targets of federal bureaucracy leading to raids of the homes of those who created the sites. One of the most famous examples of this was Kim Dotcom who was an internet entrepreneur and created a system very similoiar to this one where users could upload any file and recieved a link to share it with their friends which led to pirating movies and music. Due to the fact that Kim owned the servers hosting the content, he was the one left holding the bag for the illicit activities of his site's users. Since Skynet does not have a centralized server owned by any one entity, rather just a widespread protocol being enforced by a decentralized network, it will be more difficult to enforce such draconian laws on the founders of Skynet, and they certainly will not be able to pull the plug on the protocol.
Komodo is an enterprise blockchain solutions with quantum resistant signatures and a full functional blockchain. The premise to to break down the barriers between blockchains and achieve blockchain interoperability. It aims to achieve this through a process called "transaction inscrpition" in which the komodo platform facilitates a transaction with the another blockchain, e.g. Bitcoin's blockchain, and includes some important meta data in the transaction. This is then written to Bitcoin's blockchain, therefore inscribing the data from one blockchain to another.
Blockchain interoperability is one of the largest points of debate and research in the industry at the moment. With chains self-contained from one another through differneces in protocols, it is increasingly difficult sa a bussiness operator to facilitate transactions with companies not operating on the same blockchain as them. This is the exact use case Komodo looks to provide.
Other than that they also offer enterprise solutions to allow for traditional businesses to easily inplement a blockchain based supply chain, allowing easy development of their own blockchain and supporting their own token. All this runs on the Komodo blockchain as side chainsm, independent from one another, but allowing for easy facilitation of transactions across platforms.
As mentioned before, Komodo has recenty implemented a quantum resistant signature scheme, developed by IBM, known as Dilithium-Crystals. On it's surface dilithium provides an ease in transactions, creating what are called handles, similiar to the way CashApp works, where instead of using a lengthy wallet address, funds can be sent to a user's handle, greatly reducing the chance of mistakenly sending funds to the wrong address due to a charachter being off. Dilithium also makes it so any transaction made through Komodo, regardless of the chain that transaction ends up on, is now quantum resistant. That is to say two business operators can facilitate a transaction with one another, and inscribe that transaction to the BTC blockchain in order to prove the transaction to some third party using that chain. Even if the BTC blockchain falls susceptible to quantum computing, that transaction has a signature valid in both the non-quantum and quantum signature scheme, making it inherintly quantum resistant.
One of these modifications was to allow users to create a new type of quantum-secure address. First, users register a handle of their choosing. This registration process executes a transaction on the blockchain, which takes both the user’s quantum-secured blockchain public key and chosen handle into account. This allows a mere 32 bytes of data (the transaction ID of the registration transaction) to refer to 3 kilobytes of data (the uncompressed Dilithium public key). -Komodo
To get more information on Komodo, including wallets, a roadmap of previous and upcoming accomplishments, and more on the Dilithium update, check their official site here. Overall the progress made and planned for Komodo give it a very bullish outlook for the remainder of 2020 and even into the longer term future. Currently Komodo has a market cap of only 65.1 million USD, a circulating supply of 119,542,243 coins, and a mark price of ~0.54 cents USD. It is currently rank #81 on coinpaprika. It had an all time high during the great crypto bull run of '17 of 15.41 US .This is an extremely undervalued coin, and could easily see 10-100x move, putting it's market cap in the 650 million-6.5 billion USD range. Easily attainable seeing as a coin like Bitcoin Satoshi Vision, a rip off of BTC, has a marketcap in the range of 4.5 billion USD.
Some quick math, if you were to invest 1000 dollars right now you would recieve 1845.552 coins. If there is a retrace to the ATH of 15.41 USD, and assuming in that time there would be an increase of around %10 in supply to quell rising demand, an increase of 11,954,224.3 coins, that woud require a market cap of 8.553 billion USD, making your intial investment of 1000 USD worth 28439.95USD. For all the lower cap traders, a 100 USD investment would have a final value of 2,843.99USD.