ABT
3.0

ArcBlock (ABT) | Rating: 7/10 | Outlook: Stable

ArcBlock is another project that is trying to simplify the process of Decentralised Application (dApp) and blockchain development. They are trying to build a blockchain 3.0 platform with the foundational components which include SDKs, Code Packages, developer tools and services. There are a number of interesting features behind the ArcBlock protocol. One of these is the Open Chain Access Protocol (OCAP). This enables connectivity across a variety of blockchain protocols. Developers are also able to build their dApps in a user-friendly interface on their web browser. Another component is the Blocklet. This takes advantage of server-less architecture to build services and applications. Blocklets are reusable and customizable for fast and powerful development within any platform the developer chooses. The team behind the ArcBlock project is quite a diverse one and they have backgrounds in entrepreneurship, software engineering and public relations. The team has also been quite active in their development as can be evidenced by the regular stream of GitHub commits. There is also a reasonably sized community at ArcBlock and this can be seen through their Telegram channel and their Twitter account. Community engagement is below average though for a project of this scale. The ABT utility token on the ArcBlock network is an ERC20 token. There is a total supply of 186m ABT. The team completed an ICO in February of 2018 and were able to raise a total of $45m. Trading on the token began not long after that and they have had quite a rough ride. It has followed the broader trend in the crypto markets. It is also listed on exchanges including Huobi global and Gate.io. There are relatively healthy levels of liquidity at these exchanges. Yet, ABT is still quite volatile so do trade with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-07-18
Coin Bureau
TOMO
3.0

Tomochain (TOMO) | Rating: 7/10 | Outlook: Stable

Tomochain is another one of the projects that is trying to help Ethereum scale. Apart from merely solving the scaling angle, they would also like to make a blockchain that could be interoperable with others. The Tomochain blockchain is currently able to process up to 5,000 transactions per second and they have been able to garner 2 second transaction times. They hope that in the not too distant future they could be able to reach 20,000 to 30,000 transactions per second. Technologically, on the Mainnet, Tomochain makes use of a masternodes framework. The consensus algorithm that they use is Proof-of-Stake Voting (POSV). There are also plans to implement sharding on the network which could speed up the transaction throughput dramatically. The Tomochain team is quite a diverse one with a wide range of experience. They have backgrounds in Investment banking and blockchain engineering. The CEO also used to be the lead for the NEM blockchain project. The broader team is based in Singapore. There has been a lot of work that has been done on the project which can be evidenced by their extensive GitHub commits. This is more than we have seen on other projects that are at similar stages of their life. You can read more about their Roadmap in our long form attached review. TOMO held their ICO back in March of 2018 and they were able to raise 8.5m in Exchange for some of the initial supply of TOMO ERC20 tokens. However, these were transitioned to a mainnet token on the Tomochain in December of 2018. Token trading is taking place on the Binance DEX, KuCoin and HotBit etc. HotBit has the bulk of the volume which could be risky from a Key Exchange perspective. There are healthy turnover levels on this exchange though. TOMO tokens are still quite volatile though so do trade them with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-07-12
Coin Bureau
AION
4.0

Aion (AION) | Rating: 8/10 | Outlook: Positive

Aion is a "third generation" blockchain platform which is focused on interoperability between blockchains. Apart from this, the developers have also been busy making sure that the root chain of Aion is also used to its full potential. This means that Aion will not only be used to connect other ecosystems but it also has the ability to execute smart contracts. It will make it easy for smart contract developers to port an Ethereum dApp over to the Aion blockchain. There are three key components of the Aion technology stack: - Aion token bridge: This will move, sign and broadcast interchain transactions. It will also keep the connecting network informed. - The Aion VM: This is based on a lightweight Java VM implementation that has been crafted specifically for Aion. - The Aion API: This gives developers an interface for Java based dApps The Aion team has over 49 employees and they are headquartered in Toronto. They have diverse backgrounds including some who have worked in consulting and software engineering. This team has been quite busy as they have been pushing regular code commits to their GitHub. There is also a pretty active and engaged community behind the Aion network. They have decent followers on all of their traditional social media accounts. They also keep their sizable telegram community updated with important developments. Aion held an ICO back in late 2017. This was comprised of a $23m private sale round as well as a larger $20m crowd sale. Not long after this, the tokens were caught up in the 2017 bull run. However, they were also dragged down by the preceding bear market. Token trading is taking place on a number of different exchanges including Binance, Bittrex, KuCoin etc. There is healthy volume on these exchanges which means that liquidity should not be a concern. AION remain quite volatile when compared to similar projects - so exercise caution. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-07-08
Coin Bureau
NRG
3.0

Energi (NRG) | Rating: 6/10 | Outlook: Flat

Energi is a cryptocurrency that is trying to take adoption "to the masses". It is a fork of Dash and was launched without any premine or ICO. It was initially launched as a Proof-of-Work coin with its own consensus algorithm but this was later changed to a Proof-of-Stake. Energi has a built in treasury that is self funded and is used to grow the project with development and marketing budget. A full 40% of rewards go towards this fund. From this 40%, the founders will get 10% of the rewards. Like Dash, Energi has masternodes which require 10,000 NRG in order to stake. These masternode owners can also vote on proposals by the community using the built-in governance structure. Dapps and smart contracts will also be introduced and are slated for Q4 2019. The team behind Energi consists of 18 individuals with diverse backgrounds including blockchain engineers and software developers. There is also a pretty strong community as is evidenced by their social media followings and Telegram channel. Development has also been steady given the regular stream of commits to their GitHub. NRG is the native coin behind Energi and it has rocketed into the top 100 market cap. This seems to be on intense volume at exchanges such as Digifinex. There does not seem to be much news that is driving this rally which leads one to question the sustainability. Digifinex also controls the bulk of the market in terms of turnover. This could pose a risk to liquidity should trading ever cease at Digifinex (although it is listed on Kucoin). Token trading has been incredibly volatile since the listing of the coin which means that you should practice caution when trading. Although Energi has ambitious goals that they would like to meet for their cryptocurrency, they need to first deliver on some of their planned milestones if they are to justify the current price levels. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-07-05
Coin Bureau
VTC
3.0

Vertcoin (VTC) | Rating: 7/10 | Outlook: Stable

Vertcoin is a fork of Bitcoin that was launched back in 2014. The main goal of the project was to be a GPU mined version of Bitcoin that would ensure decentralisation and security. This is also particularly relevant in the face of ASIC mining chips. In order to maintain this GPU only mining angle, Vertcoin originally used Scrypt Adaptive N as its algorithm. However, as ASIC Miners started mining this coin, it switched algorithm to Lyra2RE and eventually to Lyra2REv3 on Feb 1st 2019. In order to encourage user participation in mining, the Vertcoin team has released their "one click miner". This is a simple GUI mining program that users can download and start mining the coins. It has the benefit of making the network more decentralised as it is easier for users to start hashing. Vertcoin has also made sure that the network is compatible with the lightning network. It has implemented Segregated Witness and is providing compatibility with stealth addresses. They are currently working on upgrading the blockchain to allow for instantaneous atomic swaps. Given that Vertcoin is community driven project, they are relying on a group of volunteer developers. These developers are quite competent however and have strong engineering backgrounds. The core team has been quite active pushing code as can be evidenced by their regular stream of GitHub commits. The Vertcoin community is also quite strong and they are active and engaged. VTC are the native coins behind the Vertcoin ecosystem. They were released back in 2014 and have had quite a volatile trading history. They were caught up in the 2017 bull run as well the preceding bear market. VTC is traded on a few exchanges including Bittrex, Upbit, Poloniex. However, trading volumes on these exchanges are quite thin so this could present a liquidity problem. VTC are more volatile than your average cryptocurrency so you should trade them with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-06-28
Coin Bureau
XVG
3.0

Verge (XVG) | Rating: 7/10 | Outlook: Stable

Verge is a privacy coin that was launched in 2014 as "DogecoinDark" but later rebranded. The main use case of Verge is to send P2P transactions anonymously, quickly and with very low fees. Verge is able to hide the ensure privacy through its “Wraith Protocol”. Essentially, when connecting to the Verge blockchain you do so through Tor or I2P. This hides your IP address and therefore your location. You can also switch between the public ledger or the “hidden” version. Verge is also unique in that it is a Proof-of-Work coin that uses a number of different hashing algorithms. The team hopes that the use of 5 different algorithms will increase the decentralisation of the network and provide better security. Of course, there is also a risk as illustrated from the miner attack of 2018 (covered in attached report). The team behind Verge have backgrounds in cyber security, blockchain engineering and software development. They do not give their full details on their website but you can view their GitHubs. Speaking of GitHub, they have been quite active in development and have been pushing a number of updates to their repositories. The Verge community is one of the most passionate and they have a large following across a range of social media channels. There have also been a number of interesting partnerships that Verge has entered into such as MindGeek etc. The native token behind the Verge Network is the XVG token. This was not released as an ICO or a premine. XVG has a max supply of 16.5 billion. Trading on the token began back in 2014 and it remained relatively flat for most of its life. However, in 2017 it got caught up in the bull rally and had an all time high of $0.30 (prices have fallen considerably since then). XVG tokens can be bought on a number of exchanges. There are healthy levels of turnover and liquidity. You should trade with caution as XVG are still volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-06-26
Coin Bureau
WICC
3.5

Waykichain (WICC) | Rating: 7/10 | Outlook: Stable

Waykichain is a third generation blockchain that is developing a platform where users can build their own decentralised applications (dApps). They make use of smart contract technology and standardised templates. Central to the protocol is their consensus mechanism which is a Delegated Proof-of-Stake mechanism. Here, there are 11 voting nodes that will generate a block every 10 seconds. This means that transaction speeds on the Waykichain network can currently reach in excess of 3,200 tps. In order to prevent the threat that comes from blockchain bloat, the developers are also implementing sidechain technology. In terms of dApp development, there are already quite a few that have been built on the Waykichain blockchain. They are also trying to encourage more development on the blockchain through their dApp funding program. The Waykichain team is based in Hong Kong and they have a pretty diverse background. These include members who have worked in software engineering and previous start-ups. The project was launched in Asia but has been expanding into western markets. They have quite a large following on Telegram in both their English and Chinese chat groups. Development on the project has been progressing at a steady pace. This can be evidenced by the regular stream of commits to their GitHub repository over the past 12 months. The native token powering the Waykichain protocol is the WICC token. This started out as an ERC20 token but has recently moved to a native token as Waykichain rolled out their mainnet. WICC is available for trading on a number of exchanges including Huobi Global and Coin Tiger. There appears to be healthy levels of volume on these exchanges which implies decent liquidity. The WICC tokens still remain volatile given the exposure to Asian crypto news flow. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-06-26
Coin Bureau
ETZ
2.5

EtherZero (ETZ) | Rating: 5/10 | Outlook: Negative

EtherZero is a coin that was forked from the Binance network in January of 2018. The main aim of the token was to become a "next generation" smart contract platform. It was initially viewed with much skepticism by the Ethereum community. Some of the main differences between EtherZero and Ethereum is that they are reducing block time to 1-2 seconds, they have eliminated transaction fees, and will support a feature called instant pay. The EtherZero platform also supports the use of masternodes and claims it can scale to more than 10,000 transactions per second versus Ethereum’s dozen or so transactions per second. EtherZero also uses a pretty unique consensus algorithm called Masternode Proof of Stake (MPoS). You can read more about how these function in our long form review that we have attached. There is not much to glean about the EtherZero team on their website. However, they do give information about these members in their Whitepaper. They have a diverse background and the team also has a large contingent of community managers in other countries. The EtherZero community is quite large as can be evidenced by their Telegram followers on their English and Chinese channels. There has also been a reasonable amount of coding activity that has taken place in their GitHub. There was no pre-mine or ICO of the EtherZero tokens and they were distributed to all address holders. The developers of EtherZero released nearly double the supply that Ethereum has, reserving 97 million ETZ tokens for themselves. That’s roughly 50% of all tokens that the EtherZero team have taken. ETZ tokens hit the exchanges not long after the Fork and have been on quite a wild ride recently. The bulk of the trading volume is taking place on Bithump where there is over $1m in turnover a day. Despite this liquidity, the tokens still appear to be quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-06-22
Coin Bureau
FTM
3.0

Fantom (FTM) | Rating: 7/10 | Outlook: Neutral

Fantom is a Directed Acyclic Graph (DAG) based cryptocurrency that is trying to develop a smart contract platform that can be the IT backbone of smart cities. There are three key layers to Fantom's technology stack: - First you have the Opera Core layer that maintains consensus on the network. This uses DAG technology which means that it can scale much more effectively than a blockchain based network. - Secondly, there is the Opera ware layer which sits in the middle of the protocol and is designed to execute functions on the platform such as issuing rewards and payments and writing “Story Data.” - Thirdly, you have the Opera Application layer which holds the publicly available APIs that developers will use to allow their dApps to interface with the OPERA Ware layer The token powering the ecosystem is the FTM utility token. It is used for staking and to reward Fantom witness nodes. FTM tokens were initially issued on the Ethereum blockchain as ERC20 tokens and subsequently on Binance chain as BEP2 standard tokens. There are also plans afoot to issue native FTM tokens once the mainnet is launched. The Fantom team appears to be quite well qualified and they have backgrounds in software engineering and cryptography. There has been active development on the project over the past year as is evidenced by their GitHub commits. There is also a pretty active community behind Fantom through their various social channels. Fantom completed an ICO in June of 2018 where they sold 40% of their total token supply in exchange for $39m. Tokens were recently listed on the Binance DEX and on the Binance Exchange which saw a large uptick in the volume being traded. Turnover is quite high which implies that there are decent levels of liquidity. This reduces the chance of slippage although the tokens do remain quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-06-17
Coin Bureau
OAX
2.5

OpenANX (OAX) | Rating: 6/10 | Outlook: Neutral

OAX is a decentralised cryptocurrency exchange protocol that is being developed by ANX international. OAX was developed in order to combine all of the best features of both a decentralised exchange and a centralised exchange. OAX is developing their decentralised hybrid exchange. The main difference between the centralised exchange and OAX is the “Asset Gateway” feature of OAX, which ensures that the platform never holds both asset keys associated with any transaction. Instead, it was designed to hold just one of the two at any time, thus dramatically reducing platform risk. OAX will work on a tiered membership basis. Different levels will afford the users more access to platform functions and governance. For example, you have the participant member, Voting member, founding member etc. You can read more about these membership levels in our long form review. The development company, ANX international, has a pretty capable team on board (there are over 15). They have backgrounds in companies such as Accenture, Verizon and HSBC. They also have backgrounds in blockchain engineering. The team completed an ICO back in June of 2017 and were able to raise just over $18m in exchange for 30 million OAX Tokens. The project is currently in testnet phase and you can see their proof-of-concept code in their GitLab. There is currently only limited code in these repositories. However, the community appears to be reasonably strong and engaged. OAX tokens began trading not long after the ICO and have been on quite a rocky ride since. They are currently trading at below ICO levels. Most of the volume for the tokens is taking place on Binance with about 60% of the turnover. Liquidity appears decent which means the execution of large orders is unlikely to incur that much slippage. OAX remains very volatile though and you should trade with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-06-14
Coin Bureau
FSN
3.0

Fusion (FSN) | Rating: 7/10 | Outlook: Neutral

Fusion is a blockchain that is looking to connect all financial transactions in an ecosystem that is cross-chain as well as being cross data-source and cross-organization. Like many other projects, they are trying to solve the problems of scalability and interoperability. Technologically, Fusion uses a unique consensus method known as Hierarchical Hybrid Consensus Mechanism (HHCM). This combines aspects of both Proof of Work and Proof of Stake. It also takes advantage of parallel computing through the mechanism of grouping its nodes. There are also a number of other aspects to the technological stack. These include the Distributed Control Rights Management (DCRM) for example. This is a security layer which protects any assets that have been locked in smart contracts. It makes use of sharding and distributed storage of private keys. Powering the protocol is the FSN token which is an ERC20 standard. This was issued on the Ethereum blockchain. You can read more about the technological advantages of Fusion in our long form review attached. The Fusion team is quite large and they have offices in Singapore, Shanghai and New York. The founder is notable as he is the CEO of BitSE which is an incubator that launched other projects such as VeChain and QTUM. The team completed an ICO that took place in February 2018. They managed to raise over $42m in exchange for just over 20m FSN tokens. Since then, development has been ongoing as is evidenced by the regular GitHub commits. The FSN community is rather small yet engaged nonetheless. FSN trades on a number of exchanges although the bulk of the trading comes from Bitmax. The price rallied not long after the ICO but the recent bear market has caught up with it. Volumes appear healthy on the exchanges which could bode well for liquidity. There is still a great deal of volatility in the token though. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-06-11
Coin Bureau
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ABT
ABT

ArcBlock (ABT) | Rating: 7/10 | Outlook: Stable

2019-07-18
7/10

ArcBlock is another project that is trying to simplify the process of Decentralised Application (dApp) and blockchain development. They are trying to build a blockchain 3.0 platform with the foundational components which include SDKs, Code Packages, developer tools and services. There are a number of interesting features behind the ArcBlock protocol. One of these is the Open Chain Access Protocol (OCAP). This enables connectivity across a variety of blockchain protocols. Developers are also able to build their dApps in a user-friendly interface on their web browser. Another component is the Blocklet. This takes advantage of server-less architecture to build services and applications. Blocklets are reusable and customizable for fast and powerful development within any platform the developer chooses. The team behind the ArcBlock project is quite a diverse one and they have backgrounds in entrepreneurship, software engineering and public relations. The team has also been quite active in their development as can be evidenced by the regular stream of GitHub commits. There is also a reasonably sized community at ArcBlock and this can be seen through their Telegram channel and their Twitter account. Community engagement is below average though for a project of this scale. The ABT utility token on the ArcBlock network is an ERC20 token. There is a total supply of 186m ABT. The team completed an ICO in February of 2018 and were able to raise a total of $45m. Trading on the token began not long after that and they have had quite a rough ride. It has followed the broader trend in the crypto markets. It is also listed on exchanges including Huobi global and Gate.io. There are relatively healthy levels of liquidity at these exchanges. Yet, ABT is still quite volatile so do trade with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
ERD
ERD

Rating: 4.5/5 Stars | Elrond (ERD) | Updated with Independent Technical Code Review.

2019-07-17

*Updated with Technical Code Review. The detailed audit covers Security, Scalability and Interoperability of the network. A Scalable Protocol Technology Utilizing Adaptive State Sharding with SPoS for Practicality Elrond is creating a novel architecture through adaptive state sharding technology and Secure Proof of Stake (SPoS) consensus. This transfer protocol will enable a scalable ecosystem embedded with interconnectivity while maintaining the decentralisation, security and fairness features of a public blockchain. Preliminary test results have reflected an average throughput of 1000x increase as compared to existing solutions that are currently in the market.

Picolo
Picolo
4.5
TOMO
TOMO

Tomochain (TOMO) | Rating: 7/10 | Outlook: Stable

2019-07-12
7/10

Tomochain is another one of the projects that is trying to help Ethereum scale. Apart from merely solving the scaling angle, they would also like to make a blockchain that could be interoperable with others. The Tomochain blockchain is currently able to process up to 5,000 transactions per second and they have been able to garner 2 second transaction times. They hope that in the not too distant future they could be able to reach 20,000 to 30,000 transactions per second. Technologically, on the Mainnet, Tomochain makes use of a masternodes framework. The consensus algorithm that they use is Proof-of-Stake Voting (POSV). There are also plans to implement sharding on the network which could speed up the transaction throughput dramatically. The Tomochain team is quite a diverse one with a wide range of experience. They have backgrounds in Investment banking and blockchain engineering. The CEO also used to be the lead for the NEM blockchain project. The broader team is based in Singapore. There has been a lot of work that has been done on the project which can be evidenced by their extensive GitHub commits. This is more than we have seen on other projects that are at similar stages of their life. You can read more about their Roadmap in our long form attached review. TOMO held their ICO back in March of 2018 and they were able to raise 8.5m in Exchange for some of the initial supply of TOMO ERC20 tokens. However, these were transitioned to a mainnet token on the Tomochain in December of 2018. Token trading is taking place on the Binance DEX, KuCoin and HotBit etc. HotBit has the bulk of the volume which could be risky from a Key Exchange perspective. There are healthy turnover levels on this exchange though. TOMO tokens are still quite volatile though so do trade them with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
NIM
NIM

Nimiq (NIM) | Coin Report | An Altcoin Trader's Handbook | Rating: 6/10 | 10th July 2019

2019-07-11
6

Welcome to the 26th Coin Report. In today’s report, I will be assessing the fundamental and technical strengths and weaknesses of Nimiq. This will comprise of an analysis of a number of significant metrics, an evaluation of the project’s community and development and an overview of its price-history. The report will conclude with a grading out of 10. Nimiq was launched with an ICO in July 2017 that raised $12.8mn (~56,500 ETH, at the time), which subsequently created 10.5mn NET (Nimiq Exchange Tokens). These NET were converted to NIM on a 1:100 basis, thus there were effectively 1.05bn NIM sold during the ICO, at an average price of $0.012 per NIM. More can be found on this ICO in Nimiq’s Transparency Report. The NIM token, which operates on its own blockchain, built from scratch in Javascript, utilises a Proof-of-Work consensus mechanism on the Argon2d hashing algorithm. It was launched in April 2018. Upon creation, there was a 12% allocation of the maximum supply of NIM, equating to 2.5bn NIM, to the token sale, the team, the Nimiq Foundation and the Nimiq Charity and other similar costs and ventures. Thus, 88% of the maximum supply became available to miners from mainnet launch in April 2018.

An Altcoin Trader's Handbook
An Altcoin Trader's Handbook
3.0
AION
AION

Aion (AION) | Rating: 8/10 | Outlook: Positive

2019-07-08
8/10

Aion is a "third generation" blockchain platform which is focused on interoperability between blockchains. Apart from this, the developers have also been busy making sure that the root chain of Aion is also used to its full potential. This means that Aion will not only be used to connect other ecosystems but it also has the ability to execute smart contracts. It will make it easy for smart contract developers to port an Ethereum dApp over to the Aion blockchain. There are three key components of the Aion technology stack: - Aion token bridge: This will move, sign and broadcast interchain transactions. It will also keep the connecting network informed. - The Aion VM: This is based on a lightweight Java VM implementation that has been crafted specifically for Aion. - The Aion API: This gives developers an interface for Java based dApps The Aion team has over 49 employees and they are headquartered in Toronto. They have diverse backgrounds including some who have worked in consulting and software engineering. This team has been quite busy as they have been pushing regular code commits to their GitHub. There is also a pretty active and engaged community behind the Aion network. They have decent followers on all of their traditional social media accounts. They also keep their sizable telegram community updated with important developments. Aion held an ICO back in late 2017. This was comprised of a $23m private sale round as well as a larger $20m crowd sale. Not long after this, the tokens were caught up in the 2017 bull run. However, they were also dragged down by the preceding bear market. Token trading is taking place on a number of different exchanges including Binance, Bittrex, KuCoin etc. There is healthy volume on these exchanges which means that liquidity should not be a concern. AION remain quite volatile when compared to similar projects - so exercise caution. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
4.0
NRG
NRG

Energi (NRG) | Rating: 6/10 | Outlook: Flat

2019-07-05
6/10

Energi is a cryptocurrency that is trying to take adoption "to the masses". It is a fork of Dash and was launched without any premine or ICO. It was initially launched as a Proof-of-Work coin with its own consensus algorithm but this was later changed to a Proof-of-Stake. Energi has a built in treasury that is self funded and is used to grow the project with development and marketing budget. A full 40% of rewards go towards this fund. From this 40%, the founders will get 10% of the rewards. Like Dash, Energi has masternodes which require 10,000 NRG in order to stake. These masternode owners can also vote on proposals by the community using the built-in governance structure. Dapps and smart contracts will also be introduced and are slated for Q4 2019. The team behind Energi consists of 18 individuals with diverse backgrounds including blockchain engineers and software developers. There is also a pretty strong community as is evidenced by their social media followings and Telegram channel. Development has also been steady given the regular stream of commits to their GitHub. NRG is the native coin behind Energi and it has rocketed into the top 100 market cap. This seems to be on intense volume at exchanges such as Digifinex. There does not seem to be much news that is driving this rally which leads one to question the sustainability. Digifinex also controls the bulk of the market in terms of turnover. This could pose a risk to liquidity should trading ever cease at Digifinex (although it is listed on Kucoin). Token trading has been incredibly volatile since the listing of the coin which means that you should practice caution when trading. Although Energi has ambitious goals that they would like to meet for their cryptocurrency, they need to first deliver on some of their planned milestones if they are to justify the current price levels. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
ERD
ERD

TokenGazer [ERD] Rating: 3.7 | Updated July 4, 2019

2019-07-04
3.7

Elrond has absorbed technologies of many public-chain projects and made innovations in its own design philosophy. So far Elrond has been progressing smoothly in accordance with the roadmap, while judging from the large amount of difficult tasks for the rest of 2019, we believe Elrond will be faced with great challenges in development and a risk of delay. Elrond has a well-designed token allocation scheme and token model, while based on estimated ERD token price, Elrond’s capitalization is currently lower than other existing and forthcoming public blockchains, with a potential to grow in the case of a favorable market environment. Considering that there is a fierce competition among public blockchains and Elrond’s ecosystem development is still in a very early stage, we think ERD is a highly risky investment.

TokenGazer
TokenGazer
3.5
NEW
NEW

TokenInsight | Newton Rating: BB, Outlook: Stable(2019-6-30)

2019-06-30
BB

Newton is committed to building a community-based economic infrastructure that, through the provision of governance, collaboration and incentives, upgrades the company's economy into a new social economy that everyone contributes and everyone benefits.

TokenInsight
TokenInsight
3.0
ERD
ERD

Rating: 4.5/5 Stars | Elrond (ERD) | A Scalable Protocol Technology Utilizing Adaptive State Sharding with SPoS for Practicality

2019-06-30
Buy

Elrond is creating a novel architecture through adaptive state sharding technology and Secure Proof of Stake (SPoS) consensus. This transfer protocol will enable a scalable ecosystem embedded with interconnectivity while maintaining the decentralisation, security and fairness features of a public blockchain. Preliminary test results have reflected an average throughput of 1000x increase as compared to existing solutions that are currently in the market.

Picolo
Picolo
4.5
VTC
VTC

Vertcoin (VTC) | Rating: 7/10 | Outlook: Stable

2019-06-28
7/10

Vertcoin is a fork of Bitcoin that was launched back in 2014. The main goal of the project was to be a GPU mined version of Bitcoin that would ensure decentralisation and security. This is also particularly relevant in the face of ASIC mining chips. In order to maintain this GPU only mining angle, Vertcoin originally used Scrypt Adaptive N as its algorithm. However, as ASIC Miners started mining this coin, it switched algorithm to Lyra2RE and eventually to Lyra2REv3 on Feb 1st 2019. In order to encourage user participation in mining, the Vertcoin team has released their "one click miner". This is a simple GUI mining program that users can download and start mining the coins. It has the benefit of making the network more decentralised as it is easier for users to start hashing. Vertcoin has also made sure that the network is compatible with the lightning network. It has implemented Segregated Witness and is providing compatibility with stealth addresses. They are currently working on upgrading the blockchain to allow for instantaneous atomic swaps. Given that Vertcoin is community driven project, they are relying on a group of volunteer developers. These developers are quite competent however and have strong engineering backgrounds. The core team has been quite active pushing code as can be evidenced by their regular stream of GitHub commits. The Vertcoin community is also quite strong and they are active and engaged. VTC are the native coins behind the Vertcoin ecosystem. They were released back in 2014 and have had quite a volatile trading history. They were caught up in the 2017 bull run as well the preceding bear market. VTC is traded on a few exchanges including Bittrex, Upbit, Poloniex. However, trading volumes on these exchanges are quite thin so this could present a liquidity problem. VTC are more volatile than your average cryptocurrency so you should trade them with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
XVG
XVG

Verge (XVG) | Rating: 7/10 | Outlook: Stable

2019-06-26
7/10

Verge is a privacy coin that was launched in 2014 as "DogecoinDark" but later rebranded. The main use case of Verge is to send P2P transactions anonymously, quickly and with very low fees. Verge is able to hide the ensure privacy through its “Wraith Protocol”. Essentially, when connecting to the Verge blockchain you do so through Tor or I2P. This hides your IP address and therefore your location. You can also switch between the public ledger or the “hidden” version. Verge is also unique in that it is a Proof-of-Work coin that uses a number of different hashing algorithms. The team hopes that the use of 5 different algorithms will increase the decentralisation of the network and provide better security. Of course, there is also a risk as illustrated from the miner attack of 2018 (covered in attached report). The team behind Verge have backgrounds in cyber security, blockchain engineering and software development. They do not give their full details on their website but you can view their GitHubs. Speaking of GitHub, they have been quite active in development and have been pushing a number of updates to their repositories. The Verge community is one of the most passionate and they have a large following across a range of social media channels. There have also been a number of interesting partnerships that Verge has entered into such as MindGeek etc. The native token behind the Verge Network is the XVG token. This was not released as an ICO or a premine. XVG has a max supply of 16.5 billion. Trading on the token began back in 2014 and it remained relatively flat for most of its life. However, in 2017 it got caught up in the bull rally and had an all time high of $0.30 (prices have fallen considerably since then). XVG tokens can be bought on a number of exchanges. There are healthy levels of turnover and liquidity. You should trade with caution as XVG are still volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
WICC
WICC

Waykichain (WICC) | Rating: 7/10 | Outlook: Stable

2019-06-26
7/10

Waykichain is a third generation blockchain that is developing a platform where users can build their own decentralised applications (dApps). They make use of smart contract technology and standardised templates. Central to the protocol is their consensus mechanism which is a Delegated Proof-of-Stake mechanism. Here, there are 11 voting nodes that will generate a block every 10 seconds. This means that transaction speeds on the Waykichain network can currently reach in excess of 3,200 tps. In order to prevent the threat that comes from blockchain bloat, the developers are also implementing sidechain technology. In terms of dApp development, there are already quite a few that have been built on the Waykichain blockchain. They are also trying to encourage more development on the blockchain through their dApp funding program. The Waykichain team is based in Hong Kong and they have a pretty diverse background. These include members who have worked in software engineering and previous start-ups. The project was launched in Asia but has been expanding into western markets. They have quite a large following on Telegram in both their English and Chinese chat groups. Development on the project has been progressing at a steady pace. This can be evidenced by the regular stream of commits to their GitHub repository over the past 12 months. The native token powering the Waykichain protocol is the WICC token. This started out as an ERC20 token but has recently moved to a native token as Waykichain rolled out their mainnet. WICC is available for trading on a number of exchanges including Huobi Global and Coin Tiger. There appears to be healthy levels of volume on these exchanges which implies decent liquidity. The WICC tokens still remain volatile given the exposure to Asian crypto news flow. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.5
ETZ
ETZ

EtherZero (ETZ) | Rating: 5/10 | Outlook: Negative

2019-06-22
6/10

EtherZero is a coin that was forked from the Binance network in January of 2018. The main aim of the token was to become a "next generation" smart contract platform. It was initially viewed with much skepticism by the Ethereum community. Some of the main differences between EtherZero and Ethereum is that they are reducing block time to 1-2 seconds, they have eliminated transaction fees, and will support a feature called instant pay. The EtherZero platform also supports the use of masternodes and claims it can scale to more than 10,000 transactions per second versus Ethereum’s dozen or so transactions per second. EtherZero also uses a pretty unique consensus algorithm called Masternode Proof of Stake (MPoS). You can read more about how these function in our long form review that we have attached. There is not much to glean about the EtherZero team on their website. However, they do give information about these members in their Whitepaper. They have a diverse background and the team also has a large contingent of community managers in other countries. The EtherZero community is quite large as can be evidenced by their Telegram followers on their English and Chinese channels. There has also been a reasonable amount of coding activity that has taken place in their GitHub. There was no pre-mine or ICO of the EtherZero tokens and they were distributed to all address holders. The developers of EtherZero released nearly double the supply that Ethereum has, reserving 97 million ETZ tokens for themselves. That’s roughly 50% of all tokens that the EtherZero team have taken. ETZ tokens hit the exchanges not long after the Fork and have been on quite a wild ride recently. The bulk of the trading volume is taking place on Bithump where there is over $1m in turnover a day. Despite this liquidity, the tokens still appear to be quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
2.5
COS
COS

TokenInsight | Contentos Rating: B, Outlook: Stable(2019-6-19)

2019-06-19
B

Contentos is an underlying public blockchain project designed and built for the digital content industry based on blockchain technology. It is expected to keep everyone eternally recording their own digital tracks by means of creation; to empower each creation and data with the entitlement and due values, create a more equitable, open, healthy and orderly environment for global content production, right confirmation, promotion, delivery, and transaction. Contentos is independently developing an underlying public blockchain adapted to content industry needs, expecting to reach the transaction confirmation in seconds at zero transaction cost, with the aid of the saBFT (Self-Adaptive BFT) consensus mechanism. The underlying public blockchain of continued development will be more suitable for live streaming rewards, comments, thumbs-up and other high-frequency interaction demands in the content community. At the end of March 2019, Contentos started the public blockchain test and is gradually importing the actual users, in an effort to verify the ecological reward mechanism model and user carrying capacity continuously.

TokenInsight
TokenInsight
2.5
FTM
FTM

Fantom (FTM) | Rating: 7/10 | Outlook: Neutral

2019-06-17
7/10

Fantom is a Directed Acyclic Graph (DAG) based cryptocurrency that is trying to develop a smart contract platform that can be the IT backbone of smart cities. There are three key layers to Fantom's technology stack: - First you have the Opera Core layer that maintains consensus on the network. This uses DAG technology which means that it can scale much more effectively than a blockchain based network. - Secondly, there is the Opera ware layer which sits in the middle of the protocol and is designed to execute functions on the platform such as issuing rewards and payments and writing “Story Data.” - Thirdly, you have the Opera Application layer which holds the publicly available APIs that developers will use to allow their dApps to interface with the OPERA Ware layer The token powering the ecosystem is the FTM utility token. It is used for staking and to reward Fantom witness nodes. FTM tokens were initially issued on the Ethereum blockchain as ERC20 tokens and subsequently on Binance chain as BEP2 standard tokens. There are also plans afoot to issue native FTM tokens once the mainnet is launched. The Fantom team appears to be quite well qualified and they have backgrounds in software engineering and cryptography. There has been active development on the project over the past year as is evidenced by their GitHub commits. There is also a pretty active community behind Fantom through their various social channels. Fantom completed an ICO in June of 2018 where they sold 40% of their total token supply in exchange for $39m. Tokens were recently listed on the Binance DEX and on the Binance Exchange which saw a large uptick in the volume being traded. Turnover is quite high which implies that there are decent levels of liquidity. This reduces the chance of slippage although the tokens do remain quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
0xBTC
0xBTC

0xBitcoin (0xBTC) | Coin Report | An Altcoin Trader's Handbook | Rating: 7/10 | 15th June 2019

2019-06-15

Welcome to the 25th Coin Report. In today’s report, I will be assessing the fundamental and technical strengths and weaknesses of 0xBitcoin. This will comprise of an analysis of a number of significant metrics, an evaluation of the project’s community and development and an overview of its price-history. The report will conclude with a grading out of 10. 0xBitcoin was created in February 2018 as the first mineable ERC-20 token, effectively operating as Bitcoin itself on the Ethereum blockchain. It utilises Proof-of-Work for its token emission on the Keccak256 hashing algorithm, with an identical coin specification to that of Bitcoin, albeit with transaction speed of Ethereum. Upon creation, there was no premine or ICO and no centralisation of any kind, be it in the form of project leadership or token distribution.

An Altcoin Trader's Handbook
An Altcoin Trader's Handbook
3.5
OAX
OAX

OpenANX (OAX) | Rating: 6/10 | Outlook: Neutral

2019-06-14
6/10

OAX is a decentralised cryptocurrency exchange protocol that is being developed by ANX international. OAX was developed in order to combine all of the best features of both a decentralised exchange and a centralised exchange. OAX is developing their decentralised hybrid exchange. The main difference between the centralised exchange and OAX is the “Asset Gateway” feature of OAX, which ensures that the platform never holds both asset keys associated with any transaction. Instead, it was designed to hold just one of the two at any time, thus dramatically reducing platform risk. OAX will work on a tiered membership basis. Different levels will afford the users more access to platform functions and governance. For example, you have the participant member, Voting member, founding member etc. You can read more about these membership levels in our long form review. The development company, ANX international, has a pretty capable team on board (there are over 15). They have backgrounds in companies such as Accenture, Verizon and HSBC. They also have backgrounds in blockchain engineering. The team completed an ICO back in June of 2017 and were able to raise just over $18m in exchange for 30 million OAX Tokens. The project is currently in testnet phase and you can see their proof-of-concept code in their GitLab. There is currently only limited code in these repositories. However, the community appears to be reasonably strong and engaged. OAX tokens began trading not long after the ICO and have been on quite a rocky ride since. They are currently trading at below ICO levels. Most of the volume for the tokens is taking place on Binance with about 60% of the turnover. Liquidity appears decent which means the execution of large orders is unlikely to incur that much slippage. OAX remains very volatile though and you should trade with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
2.5
FSN
FSN

Fusion (FSN) | Rating: 7/10 | Outlook: Neutral

2019-06-11
7/10

Fusion is a blockchain that is looking to connect all financial transactions in an ecosystem that is cross-chain as well as being cross data-source and cross-organization. Like many other projects, they are trying to solve the problems of scalability and interoperability. Technologically, Fusion uses a unique consensus method known as Hierarchical Hybrid Consensus Mechanism (HHCM). This combines aspects of both Proof of Work and Proof of Stake. It also takes advantage of parallel computing through the mechanism of grouping its nodes. There are also a number of other aspects to the technological stack. These include the Distributed Control Rights Management (DCRM) for example. This is a security layer which protects any assets that have been locked in smart contracts. It makes use of sharding and distributed storage of private keys. Powering the protocol is the FSN token which is an ERC20 standard. This was issued on the Ethereum blockchain. You can read more about the technological advantages of Fusion in our long form review attached. The Fusion team is quite large and they have offices in Singapore, Shanghai and New York. The founder is notable as he is the CEO of BitSE which is an incubator that launched other projects such as VeChain and QTUM. The team completed an ICO that took place in February 2018. They managed to raise over $42m in exchange for just over 20m FSN tokens. Since then, development has been ongoing as is evidenced by the regular GitHub commits. The FSN community is rather small yet engaged nonetheless. FSN trades on a number of exchanges although the bulk of the trading comes from Bitmax. The price rallied not long after the ICO but the recent bear market has caught up with it. Volumes appear healthy on the exchanges which could bode well for liquidity. There is still a great deal of volatility in the token though. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
QNT
QNT

Quant (QNT) | Coin Report | An Altcoin Trader's Handbook | Rating: 8/10 | 10th June 2019

2019-06-10
8

Welcome to the 24th Coin Report. In today’s report, I will be assessing the fundamental and technical strengths and weaknesses of Quant. This will comprise of an analysis of a number of significant metrics, an evaluation of the project’s community and development and an overview of its price-history. The report will conclude with a grading out of 10. Quant Network was incorporated in October 2017 in Switzerland, acting as the company overseeing the development of a technology named Overledger. Overledger was conceptualised in March 2017 as a blockchain operating system, facilitating communication between multiple blockchains. The project itself launched with an ICO in Q1 2018, during which QNT – an ERC-20 token – was created. This ICO raised $11m and 9.7mn QNT of an available 31mn QNT were distributed to retail and institutional investors. Originally, the QNT token was set to have a maximum supply of 45.467mn QNT, but around 30mn QNT have been burned, comprising of unsold tokens from the ICO and a partial burning of founders’ funds amounting to 9.5mn QNT in September 2018. Thus, ~14.5mn QNT are in existence, with 4.5mn owned by the Quant Network team.

An Altcoin Trader's Handbook
An Altcoin Trader's Handbook
4.0
FTM
FTM

Fantom (FTM) | Coin Report | An Altcoin Trader's Handbook | Rating: 9/10 | 5th June 2019

2019-06-05
9

Welcome to the 23rd Coin Report. In today’s report, I will be assessing the fundamental and technical strengths and weaknesses of Fantom. This will comprise of an analysis of a number of significant metrics, an evaluation of the project’s community and development and an overview of its price-history. The report will conclude with a grading out of 10. Fantom was launched in May 2018 with an ICO for its ERC-20 token, FTM. The ICO comprised of four rounds, three of which were private and one of which was public, and raised $39.4mn at the time of the sale. This was a complete sellout of the 40% of its maximum supply allocated for the sale, equating to 1.27bn FTM. The token and its crowdsale was a means by which to fund the development of its own mainnet, which is built as a Directed Acyclic Graph utilising asynchronous Byzantine fault tolerance to ensure fast and scalable smart contracts execution without sacrificing security or decentralisation. The current FTM token will operate alongside a native token upon release of the mainnet and a recently created BEP-2 FTM token, as the project seeks to manifest interoperability.

An Altcoin Trader's Handbook
An Altcoin Trader's Handbook
4.5