INS
3.0

TokenInsight | Insolar Rating: BB, Outlook: Stable(2019-4-30)

Insolar is committed to building an open-source platform for enterprise blockchain solutions. The project aims to solve the complex problem that enterprise applications are limited by a single network architecture and blockchain performance bottlenecks. Insolar is highly innovative with respect to its network architecture and consensus mechanisms. It aims to provide a blockchain network infrastructure featured with a clear hierarchy and flexible usage, realising the function of interactions between public and private networks, private data storage and dynamic consensus based on business logic, and adapts to the deployment requirements of enterprise applications to their maximum extent. Compared with its competitors, the project has strong development potential in privacy, flexibility and development cost. In conclusion, Insolar team is equipped with strong background experience, proper programming skills, high technological innovation, and excellent performance of the underlying blockchain development. However, the project was launched at a later time compared with other projects, and its development is still in its early stages of development. It is also important to keep in mind that the problem they are trying to solve is very complex and industry competition remains fierce. Thus, it is essential that Insolar focuses on developing its project ecosystem and partners. In general, the project has great potential. Therefore, TokenInsight gives a BB rating for Insolar and the outlook of the project is stable.
2019-04-30
TokenInsight
FCT
3.0

Factom (FCT) | Rating: 7/10 | Outlook: Neutral

Factom is developing a protocol that will enable companies to easily integrate legacy systems into blockchain technology. This will allow companies to store their data on the blockchain in an immutable and cost-effective manner. There are several components to the Factom technology stack. The first is the Factom Chain which stores hashes, or links to your documents. There are then Entry Blocks comprised of all the hashes in a particular Chain ID. Each minute the Federated servers pull together all the Entry Blocks created and place them in a Directory Block. Then every 10 minutes the 10 Directory Blocks created are anchored to the Bitcoin blockchain by a randomly chosen Authority node. For Consensus, Factom uses something similar to the Raft algorithm. The Factom network reaches consensus through the random election of a leader from the pool of Federated Servers. These Federated servers are the primary servers and are the only ones who can write data to the blockchain and receive mining rewards. Factom held an ICO back in 2015 and were able to raise a total $541,000. In the sale they issued their native currency, Factoids (FCT). These are used to decentralise the network and prevent user spam. There are also Entry Credits (ECs) that are used to vote for authority nodes. These can be bought with FCT. The Factom team has a wide array of experience in different industries. Development has been progressing at a steady pace as is evidenced from their GitHub. There is also a reasonable sized community behind the project. FCT tokens were released to the market not long after the ICO and remained flat for a long period of time. They followed the 2017 bull market higher and the 2018 bear market lower. Trading is mostly taking place on Bittrex and Poloniex. Volume on these exchanges is low which means that liquidity is quite thin. FCT is much more volatile than similar sized altcoins. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-05-23
Coin Bureau
RDD
3.0

Reddcoin (RDD) | Rating: 7/10 | Outlook: Neutral

Reddcoin was launched back in 2014 and was developed as a cryptocurrency for "tipping" on social media. The idea behind the project was to encourage microtransactions on the blockchain and reward social media content creators. Payments are made through the native RDD coin. In terms of technology, Reddcoin was a fork of the popular Litecoin. However, it dropped the PoW Scrypt consensus algorithm for a unique PoS algorithm. This is the Proof-of-Stake Velocity (PoSV) algorithm that improves upon the traditional PoS system. It provides more incentive for node activity with a higher staking return. Reddcoin has a block time of only 60 seconds which is 10 times faster than Bitcoin’s. This enables quick transactions which makes it ideal for tipping. Reddcoin has recently released their new ReddID functionality. This allows people to tip online through a simple browser plugin. All they need is their unique ID in order to send them RDD. These coins are stored in a browser light wallet. Reddcoin completed an ICO back in 2014 and the developers were able to raise a total of $100,000 in exchange for 5.45bn RDD tokens. You can read more about the team background in our attached review. There has not been that much activity in their GitHub recently if we were to compare it to other projects in the space. However, there is a pretty strong and enthusiastic community that is increasing adoption and awareness for the project. Not long after the ICO the coins hit the exchanges. They remained stagnant for almost 2 years until the 2017 bull run caught up with them. They hit an All-time-high back in January of 2018 but have subsequently fallen with the rest of the market. The bulk of the trading is split between Bittrex and the BiteBTC exchange. There are relatively strong levels of liquidity across these exchange order books. However, RDD is still much more volatile then similar sized altcoins. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-05-20
Coin Bureau
ONE
4.0

Harmony (ONE) | Rating: 8/10 | Outlook: Positive

Harmony is the latest project that is trying to solve blockchain scaling issues. They are doing this through their "full stack" approach to development. They built all aspects of their broader technology stack from the ground up. The technical focus of the project is on resharding and secure staking with decentralized randomness. Harmony also implements optimal cross-shard routing and fast block propagation. In practice, Harmony helps businesses to build marketplaces for fungible token usage (eg. loyalty points) and non-fungible assets (eg. in-game digital assets). Harmony applies a number of innovations to their technology stack. Firstly, they are using a redesigned consensus protocol that is focused on increasing throughput with scale. Secondly, they are developing a bespoke "Kernel" to run the network. They are also building smart networking technology that can run a concurrent protocol. The Harmony project was launched in 2018 by a group of highly experience engineers. They have worked at companies such as Google, Apple and Amazon. They were also able to complete a seed sale in May of 2018 which saw them raise about $18m in exchange for 22% of the ONE token supply. The team has been active in their development and their GitHub commits have been quite extensive. This is a result of the milestones that Harmony has been working toward meeting over the past year. For the roadmap, the team hopes to release the Harmony Mainnet in 2019. Harmony is completing their public crowd sale on the Binance Launchpad. In this sale, they are offering 1,575,000,000 ONE tokens or 12.5% of the total supply. This is also unique as it will be run on a "lottery ticket" model. Once completed, ONE tokens will first be listed on Binance for trading. They are likely to be volatile as most new issue tokens usually are. Note: Investing in ICOs is inherently riskier than investing in more established projects. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-05-17
Coin Bureau
APPC
3.0

AppCoins (APPC) | Rating: 7/10 | Outlook: Neutral

AppCoins is developing a decentralised in-app payment ecosystem. It will use blockchain technology to create a fairer and more transparent app economy. It was developed by the same people who founded Aptoide. Aptoide was launched back in 2009 as an alternative to the Google Play store. AppCoins has its own ERC20 utility token in APPC. These are used to pay for advertising by the developers. They are also used by the buyers who make the in-app purchases. Some of this revenue will go towards the App Store that is hosting the APK files as well as to the OEM. There are three main components that make up the AppCoins technology stack. These include the generation of advertising revenues, in-app purchases and the app approval and developer ranking system. See our full attached review for an overview of each of these. The AppCoins team is based in Portugal with an office in Singapore. Team information has been removed from the website but you can see an overview in the project's original whitepaper. They completed a large ICO back in December of 2017 and were able to raise a total of $15.3. Tokens were sold for $0.1 per APPC. There has been a relatively stable flow of activity in the project's GitHub and development has been ongoing. There is also a relatively well sized community behind the AppCoins project (Twitter, Telegram etc). Token trading on APPC began not long after the ICO in January 2018. They caught the tail of the 2017 bull run and rallied all the way to an all time high of $3.5. However, the bear market that followed brought the token back down to below the ICO price. Most of the trading is taking place on Binance and BiteBTC. Volumes are rather low on these exchanges so that could impact the liquidity of the token. APPC is highly volatile when compared to similar altcoins. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-05-16
Coin Bureau
DOCK
2.5

Dock (DOCK) | Rating: 6/10 | Outlook: Negative

Dock is a decentralised exchange protocol that uses blockchain technology to create a transparent and secure credential sharing ecosystem. They want to develop an ecosystem where users can share their credentials while still being in full control of their data. Once users submit their data onto the Dock platform then it cannot be removed (given blockchain immutability). Users can also encrypt their data to keep it private and once encrypted, only the user can decrypt it. This adds a layer of security to the protocol. Technically, the Dock platform is built on the Ethereum blockchain but given the recent network congestion, they have opted to use the IPLD specification, which was created to help the open-source peer-to-peer Interplanetary File System (IPFS) perform content addressable data exchange. In order to encourage data sharing on the Dock network, they have developed a pretty unique incentivization model. Applications have to pay for access to data which prevents applications from hoarding. They have also removed any user sharing incentives to overcome the problem of spam submissions. The Dock team is based in San Francisco and is made up of members with a wide array of experience. They also have received funding from a number of VC firms. They held their ICO in February of 2018 and were able to raise a total of $20m in exchange for 30% of DOCK supply. Although there have been updates to the platform, there has been relatively little code commits to their GitHub repositories. However, there is a relatively strong Dock community however and the project has a decent following on their Twitter and Telegram. DOCK tokens are currently trading on a number of Exchanges but over 95% of the volume is taking place on Binance. This does open them up to “key exchange” risk. DOCK is more volatile than similar sized altcoins and prices are currently off 90% from the ICO price. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-05-14
Coin Bureau
NIM
4.0

Nimiq (NIM) | Rating: 8/10 | Outlook: Positive

Nimiq is a browser-first, decentralized payment system and is home to a diverse ecosystem of apps. Nimiq has taken an innovative native-to-the-web blockchain approach, which means that users can directly connect to the chain using just a web-browser (no intermediaries). This gives users that installation-free, ‘it just works’ feel which is further strengthened by a strong focus on simplistic user experience. It is a crypto designed for use by the masses and not just the technologically savvy. By addressing the pain points of complexity it aims to enable barrier-free and frictionless value exchange for everyone. Browser clients use JavaScript and Webassembly. A Web app can integrate with Nimiq with just a few lines of code so web developers can easily build on Nimiq. High-performance network clients are available in Rust and JavaScript (currently PoW). The NIM token acts as a store and transfer of value. NIM’s live circulating supply can be viewed on metrics.nimiqx.com/supply, with a total supply capped at 21 billion NIM over the next 100 years. The team is committed to building a top cryptocurrency and includes highly qualified talent covering cryptography, cybersecurity and software engineering. Recent developments include: Nimiq OASIS: The blueprint for a potentially revolutionary crypto-to-fiat bridge, developed in collaboration with WEG Bank and non-custodial exchange Agora.Trade. The acquisition of a stake in WEG Bank has also added additional substance to this initiative. Albatross an optimistic consensus algorithm: The research result is in collaboration with Trinkler Software, for a new PoS consensus algorithm that can achieve performance close to the theoretical maximum for single chain protocols. Work on evaluating the algorithm for replacing current PoW is underway. The Nimiq mainnet just passed its first anniversary without a glitch and with planned scalability upgrades will be ready to mature into its growth era. Not investment advice. DYOR.
2019-05-10
Coin Bureau
ORBS
3.0

Orbs Network (ORBS) | Rating: 7/10 | Outlook: Positive

Orbs is developing an Ethereum interoperable blockchain platform which is slated to address the fundamental constraints that enterprise developers currently face with public blockchains. It is an open blockchain that is a generation layer working together with Ethereum. They also have their own utility token in ORBS. There are three main components of the Orbs platform: - Virtual chains. These run on top of shared physical node infrastructure, which gives the benefits of a dedicated blockchain to all the virtual chains sharing the environment. - Randomized Proof of Stake (RPoS). This has benefits of being both fast and secure. - Cross-chain Interoperability. Seamless access to the Ethereum state under consensus. All of these components help developers to effectively scale their decentralised applications. The Orbs team is based in Israel and they have over 40 members with varied experience. They have also received an investment from Kakao which helped the project scale its operations into South Korea. Orbs conducted their ICO in May of 2018 and were able to raise $118m. ORBS tokens are ERC20 standard and they were only released to buyers after the main net went live in March of 2019. The community behind the team is smaller than on other projects. The team is still active updating this community. The team has been pretty active in their development and there have been extensive code commits to their public GitHub repos. They also have a pretty extensive roadmap ahead of them that includes their Autonomous "Swap Bridge" as well as they Hubble Block Explorer. ORBS tokens hit the Exchanges not long after the launch of their mainnet token release. Trading has been really volatile and the bulk of the volume has taken place on Korean exchanges. There is strong volume and liquidity amoung these exchanges though. Trading still remains volatile as compared to other tokens. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-05-08
Coin Bureau
ATOM
4.0

Cosmos (ATOM) | Rating: 8/10 | Outlook: Positive

Cosmos is a project that is looking to become the blockchain that pulls all the other blockchains together in its blockchain interoperability platform. Cosmos is working to solve both scalability and usability limitations in blockchain technology. Technically, it’s a network of independent blockchains powered by Tendermint. There are three primary components to the Cosmos ecosystem. These are the Tendermint Core, the Application Blockchain Interface (ABCI) and the Cosmos SDK. Tendermint Core provides consensus on the Cosmos Hub, while zone blockchains maintain their own consensus without needing to use Tendermint. Cosmos SDK provides developers with the means to build a blockchain and dApps while only worrying about the application layer. With the addition of ABCI application state is managed in a separate consensus process, allowing Cosmos to support a wide variety of scripting languages and cryptocurrencies. ATOM is the utility token on the Cosmos network and is used as a reward mechanism to the PoS validators. These were issued in an ICO that the team completed back in April of 2017. They were able to raise a total of $17m in exchange for 168m ATOM tokens. There is a large push behind the Cosmos project including a number of companies, teams, and foundations. The main support comes from The Interchain Foundation, a Swiss non-profit. The team has been quite busy developing the protocol and the code activity in their GitHub commits reflects that. They have been meeting regular roadmap milestones over the past year. ATOM tokens were only released after the mainnet went live which is a departure from the norm. The tokens were released on March 14th 2019 and went live for trading on a number of exchanges including Binance. They subsequently rallied to all time highs. There is extensive volume for these tokens across the markets although they still do remain volatile. Trade with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-05-06
Coin Bureau
SNM
2.5

SONM (SNM) | Rating: 6/10 | Outlook: Flat

SONM is a project that is trying to develop a decentralised "Fog" computing platform. This is essentially a marketplace where users can buy / sell computing power in a distributed manner. It is ideal for those users who have additional hardware resources in the form of a server, mining rig or even a home PC. There are a number of use cases already identified for the fog network based Sonm. Processing intensive scientific research and video rendering are two use cases that would benefit from Sonm. Any type of online gaming could also benefit, as could website hosting. The exchange of this computing power takes place on the SONM marketplace. Sellers are those users on the network who are offering their hardware up for use. Buyers are those users who want to use these services to complete tasks like those mentioned above. The native token powering the Sonm network is the ERC20 based SNM. This was issued through an ICO that took place in June of 2017. The team was able to raise a total of $42m through the sale of 262,500,000 SNM tokens at a price of $0.16 each. Trading of SNM has been through a wild ride and reached highs of $1.02. Prices fell in the bear market but are still sitting above the ICO price. SONM is not alone in the cloud computing marketplace space. There are other projects such as Golem and iExec which have similar concepts. They have been around for longer than Sonm so have a first mover advantage. The Sonm team is based around the world and the developers have been active when it comes to pushing code. Their GitHub has been receiving a number of commits over the past 12 months. They also have quite an active and engaged community through a number of social channels. SNM is listed on Binance and KuCoin. However, volume on these exchanges is really quite low and could be a problem from a liquidity perspective. Trade SNM with caution as they are quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-05-02
Coin Bureau
LEND
2.5

ETHLend (LEND) | Rating: 6/10 | Outlook: Flat

ETHLend is a crypto lending marketplace and platform. It connects lenders and borrowers through a Peer-to-Peer network. It is built on the Ethereum network where borrowers can make loan requests which creates an Ethereum based Smart Contract. It also has a native ERC20 utility token (LEND token) which gives borrowers certain benefits. The Smart Contract is created using the data input by the borrower such as the amount of the loan, the requested interest rate, and the duration of the loan. Along with that the borrower also inserts the address for his or her cryptocurrency and the amount to be used as collateral. The ETHLend system allows you to borrow several different cryptocurrencies. At this time it is possible to borrow ETH, LEND, DAI, TUSD and ETH pegged to a number of fiat currencies. You cannot borrow straight fiat currency at this time, but that’s a functionality the ETHLend team is planning to add in the future. ETHLend is registered in Estonia although the team is based in Helsinki, Finland. They completed an ICO in November of 2017 and were able to raise a total of $16.2m in exchange for 1 billion of their LEND tokens. One of the biggest competitors to ETHLend is the Salt Network which allows for crypto to fiat lending. They have been around for longer than ETHLend but have restrictions on the type of lender as well as regional coverage. The LEND token hit the exchanges not long after the ICO and followed the rest of the market to all time highs in early Jan 2018. However, since then it has fallen to well below the ICO price. Most of the volume is being traded on relatively obscure exchanges which could impact on liquidity. The token is very volatile and should be traded with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-04-30
Coin Bureau
PAY
3.0

TenX (PAY) | Rating: 7/10 | Outlook: Flat

TenX is a company that has developed crypto backed debit cards. They have had many ups and downs but has finally started shipping their cards out to the APAC region. In order to facilitate fee free cryptocurrency exchange, TenX will use its COMIT network. COMIT will use a specialized routing protocol to enable seamless interoperability between blockchains, which will result in nearly free exchanges between them. The TenX team has described it as a blockchain-based competitor for the SWIFT network. TenX also makes use of Decentralised Security Smart Contracts. This will allow users to prevent unauthorized card usage by setting limits on spending, withdrawals, and purchases and these can be daily limits or overall limits. TenX also has a mobile wallet that can be used to administer the card and transfer cryptocurrency. It is currently available in iOS and Android and has support for Litecoin, Ethereum and Bitcoin. TenX has a utility token called PAY that will be used in the ecosystem. This was originally envisioned as an incentive mechanism that would encourage users to pay with the TenX card. This has changed recently and the team has removed these reward mechanisms. TenX was originally launched back in 2015 and is based in Singapore. They completed a bumper ICO back in 2017 and were able to raise a total $80m. The project has had its fair share of setbacks. There were numerous delays in the rollout of the cards. There were also questions around one of the founders who had previously been involved in a Ponzi scheme. He has since left the project. PAY tokens hit the exchanges not long after the ICO and rallied to ATHs. Since then, they followed the rest of the market and are currently sitting below the ICO price. PAY is trading on a few exchanges although the bulk of it is taking place on UpBit and OkEX. There is relatively strong liquidity although tokens remain quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-04-24
Coin Bureau
DENT
2.5

Dent (DENT) | Rating: 7/10 | Outlook: Flat

Dent Wireless is developing a blockchain based open marketplace for the exchange of mobile data. They hope to free consumers from the grip of the regional Telco companies and seeking to give everyone freedom of choice in their purchase and usage of mobile data. There are four main components that make up the DENT ecosystem. These are the mobile data marketplace, their DENT ERC20 token, their mobile data exchange and their mobile apps. The DATA marketplace is powered by the DENT token and allows users to exchange their mobile data for DENT tokens. The Mobile data exchange is the place where 13 million users are already buying / selling these tokenized mobile packages. The DENT mobile applications are the primary interface for accessing the DENT Exchange and for interacting with the Offer Wall. These have already been downloaded by over 14m users. Although, users were incentivised to download with the offer of free DENT. The DENT team is based in Hong Kong and used to be called "Commando Coder". The team appears to be quite experienced in the field of mobile technology and app development. They held an ICO in July of 2017 and raised a total of $4.3m in exchange for over 8.6bn DENT. There are concerns around centralisation given that the DENT team controls over 40% of the total token supply. There is an ambitious roadmap that the Dent team have laid out. These include the launch of eSIM technology, released of DENT 3.0 and DENT 4.0 as well as the continual expansion of their user base across the world. DENT Tokens hit the exchanges not long after their ICO and followed the rest of the market trajectory through the 2017 bull run and the subsequent crash that followed. Most of the volume is taking place on the Binance exchange and on UpBit. There is reasonable liquidity on these exchanges however the token remains quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.
2019-04-22
Coin Bureau
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INS
INS

TokenInsight | Insolar Rating: BB, Outlook: Stable(2019-4-30)

2019-04-30
BB

Insolar is committed to building an open-source platform for enterprise blockchain solutions. The project aims to solve the complex problem that enterprise applications are limited by a single network architecture and blockchain performance bottlenecks. Insolar is highly innovative with respect to its network architecture and consensus mechanisms. It aims to provide a blockchain network infrastructure featured with a clear hierarchy and flexible usage, realising the function of interactions between public and private networks, private data storage and dynamic consensus based on business logic, and adapts to the deployment requirements of enterprise applications to their maximum extent. Compared with its competitors, the project has strong development potential in privacy, flexibility and development cost. In conclusion, Insolar team is equipped with strong background experience, proper programming skills, high technological innovation, and excellent performance of the underlying blockchain development. However, the project was launched at a later time compared with other projects, and its development is still in its early stages of development. It is also important to keep in mind that the problem they are trying to solve is very complex and industry competition remains fierce. Thus, it is essential that Insolar focuses on developing its project ecosystem and partners. In general, the project has great potential. Therefore, TokenInsight gives a BB rating for Insolar and the outlook of the project is stable.

TokenInsight
TokenInsight
3.0
FCT
FCT

Factom (FCT) | Rating: 7/10 | Outlook: Neutral

2019-05-23
7/10

Factom is developing a protocol that will enable companies to easily integrate legacy systems into blockchain technology. This will allow companies to store their data on the blockchain in an immutable and cost-effective manner. There are several components to the Factom technology stack. The first is the Factom Chain which stores hashes, or links to your documents. There are then Entry Blocks comprised of all the hashes in a particular Chain ID. Each minute the Federated servers pull together all the Entry Blocks created and place them in a Directory Block. Then every 10 minutes the 10 Directory Blocks created are anchored to the Bitcoin blockchain by a randomly chosen Authority node. For Consensus, Factom uses something similar to the Raft algorithm. The Factom network reaches consensus through the random election of a leader from the pool of Federated Servers. These Federated servers are the primary servers and are the only ones who can write data to the blockchain and receive mining rewards. Factom held an ICO back in 2015 and were able to raise a total $541,000. In the sale they issued their native currency, Factoids (FCT). These are used to decentralise the network and prevent user spam. There are also Entry Credits (ECs) that are used to vote for authority nodes. These can be bought with FCT. The Factom team has a wide array of experience in different industries. Development has been progressing at a steady pace as is evidenced from their GitHub. There is also a reasonable sized community behind the project. FCT tokens were released to the market not long after the ICO and remained flat for a long period of time. They followed the 2017 bull market higher and the 2018 bear market lower. Trading is mostly taking place on Bittrex and Poloniex. Volume on these exchanges is low which means that liquidity is quite thin. FCT is much more volatile than similar sized altcoins. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
ONE
ONE

TokenInsight | Harmony Rating: BB, Outlook: Stable(2019-5-22)

2019-05-22
BB

Harmony is committed to building a new generation of blockchain-based networks. Harmony intends to achieve a fully scalable, secure and low energy consumption blockchain based on sharding architecture. In addition to its innovation of blockchain architecture, Harmony has also improved and adapted existing methods in terms of its consensus mechanism, random number generation method, block synchronization mechanism, message transmission process, P2P network layer protocol, token incentive mechanism, and more; forming its own unique innovation to the space.

TokenInsight
TokenInsight
3.0
STRAT
STRAT

Stratis (STRAT) | Coin Report | An Altcoin Trader's Handbook | Rating: 9/10 | 20th May 2019

2019-05-20
9

Welcome to the 21st Coin Report. In today’s report, I will be assessing the fundamental and technical strengths and weaknesses of Stratis. 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. Stratis was founded by Chris Trew in June 2016 and developed with a C# Full Node, as opposed to being written in Bitcoin’s C++ programming language. The project launched with an ICO that raised 915 BTC, just shy of its 1,000 BTC target, and ~81mn of the 84mn available STRAT were distributed to investors, giving an average price of $0.0073 (1127 satoshis) per STRAT during the ICO. STRAT operates using the X13 hashing algorithm and a Proof-of-Stake consensus mechanism, with 1 STRAT rewarded per newly forged block indefinitely.

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

Reddcoin (RDD) | Rating: 7/10 | Outlook: Neutral

2019-05-20
7/10

Reddcoin was launched back in 2014 and was developed as a cryptocurrency for "tipping" on social media. The idea behind the project was to encourage microtransactions on the blockchain and reward social media content creators. Payments are made through the native RDD coin. In terms of technology, Reddcoin was a fork of the popular Litecoin. However, it dropped the PoW Scrypt consensus algorithm for a unique PoS algorithm. This is the Proof-of-Stake Velocity (PoSV) algorithm that improves upon the traditional PoS system. It provides more incentive for node activity with a higher staking return. Reddcoin has a block time of only 60 seconds which is 10 times faster than Bitcoin’s. This enables quick transactions which makes it ideal for tipping. Reddcoin has recently released their new ReddID functionality. This allows people to tip online through a simple browser plugin. All they need is their unique ID in order to send them RDD. These coins are stored in a browser light wallet. Reddcoin completed an ICO back in 2014 and the developers were able to raise a total of $100,000 in exchange for 5.45bn RDD tokens. You can read more about the team background in our attached review. There has not been that much activity in their GitHub recently if we were to compare it to other projects in the space. However, there is a pretty strong and enthusiastic community that is increasing adoption and awareness for the project. Not long after the ICO the coins hit the exchanges. They remained stagnant for almost 2 years until the 2017 bull run caught up with them. They hit an All-time-high back in January of 2018 but have subsequently fallen with the rest of the market. The bulk of the trading is split between Bittrex and the BiteBTC exchange. There are relatively strong levels of liquidity across these exchange order books. However, RDD is still much more volatile then similar sized altcoins. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
ONE
ONE

Harmony | Rating: BBB | Outlook: developing

2019-05-17
BBB

Harmony intends to solve the scalability problem through the fragmentation scheme. Harmony is a platform-based public chain based on sharding technology. It is committed to parallel processing transactions by selecting different sharding technologies, thus breaking through the difficulties of blockchain expansion. On May 16, 2019, Binance announced that Launchpad's fifth project this year is the Harmony (ONE). The total amount of tokens is 12.6 billion, with a total subscription volume of 1.575 billion (12.50%), the cost of coinis 0.003175 USD, and a fundraising hardtop of $5 million. Project:Harmony;Rating: BBB ;Outlook: Developing;Agency:Shulian Ratings

Shulian Ratings
Shulian Ratings
3.5
ONE
ONE

Harmony (ONE) | Rating: 8/10 | Outlook: Positive

2019-05-17
8/10

Harmony is the latest project that is trying to solve blockchain scaling issues. They are doing this through their "full stack" approach to development. They built all aspects of their broader technology stack from the ground up. The technical focus of the project is on resharding and secure staking with decentralized randomness. Harmony also implements optimal cross-shard routing and fast block propagation. In practice, Harmony helps businesses to build marketplaces for fungible token usage (eg. loyalty points) and non-fungible assets (eg. in-game digital assets). Harmony applies a number of innovations to their technology stack. Firstly, they are using a redesigned consensus protocol that is focused on increasing throughput with scale. Secondly, they are developing a bespoke "Kernel" to run the network. They are also building smart networking technology that can run a concurrent protocol. The Harmony project was launched in 2018 by a group of highly experience engineers. They have worked at companies such as Google, Apple and Amazon. They were also able to complete a seed sale in May of 2018 which saw them raise about $18m in exchange for 22% of the ONE token supply. The team has been active in their development and their GitHub commits have been quite extensive. This is a result of the milestones that Harmony has been working toward meeting over the past year. For the roadmap, the team hopes to release the Harmony Mainnet in 2019. Harmony is completing their public crowd sale on the Binance Launchpad. In this sale, they are offering 1,575,000,000 ONE tokens or 12.5% of the total supply. This is also unique as it will be run on a "lottery ticket" model. Once completed, ONE tokens will first be listed on Binance for trading. They are likely to be volatile as most new issue tokens usually are. Note: Investing in ICOs is inherently riskier than investing in more established projects. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
4.0
APPC
APPC

AppCoins (APPC) | Rating: 7/10 | Outlook: Neutral

2019-05-16
7/10

AppCoins is developing a decentralised in-app payment ecosystem. It will use blockchain technology to create a fairer and more transparent app economy. It was developed by the same people who founded Aptoide. Aptoide was launched back in 2009 as an alternative to the Google Play store. AppCoins has its own ERC20 utility token in APPC. These are used to pay for advertising by the developers. They are also used by the buyers who make the in-app purchases. Some of this revenue will go towards the App Store that is hosting the APK files as well as to the OEM. There are three main components that make up the AppCoins technology stack. These include the generation of advertising revenues, in-app purchases and the app approval and developer ranking system. See our full attached review for an overview of each of these. The AppCoins team is based in Portugal with an office in Singapore. Team information has been removed from the website but you can see an overview in the project's original whitepaper. They completed a large ICO back in December of 2017 and were able to raise a total of $15.3. Tokens were sold for $0.1 per APPC. There has been a relatively stable flow of activity in the project's GitHub and development has been ongoing. There is also a relatively well sized community behind the AppCoins project (Twitter, Telegram etc). Token trading on APPC began not long after the ICO in January 2018. They caught the tail of the 2017 bull run and rallied all the way to an all time high of $3.5. However, the bear market that followed brought the token back down to below the ICO price. Most of the trading is taking place on Binance and BiteBTC. Volumes are rather low on these exchanges so that could impact the liquidity of the token. APPC is highly volatile when compared to similar altcoins. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
DOCK
DOCK

Dock (DOCK) | Rating: 6/10 | Outlook: Negative

2019-05-14
6/10

Dock is a decentralised exchange protocol that uses blockchain technology to create a transparent and secure credential sharing ecosystem. They want to develop an ecosystem where users can share their credentials while still being in full control of their data. Once users submit their data onto the Dock platform then it cannot be removed (given blockchain immutability). Users can also encrypt their data to keep it private and once encrypted, only the user can decrypt it. This adds a layer of security to the protocol. Technically, the Dock platform is built on the Ethereum blockchain but given the recent network congestion, they have opted to use the IPLD specification, which was created to help the open-source peer-to-peer Interplanetary File System (IPFS) perform content addressable data exchange. In order to encourage data sharing on the Dock network, they have developed a pretty unique incentivization model. Applications have to pay for access to data which prevents applications from hoarding. They have also removed any user sharing incentives to overcome the problem of spam submissions. The Dock team is based in San Francisco and is made up of members with a wide array of experience. They also have received funding from a number of VC firms. They held their ICO in February of 2018 and were able to raise a total of $20m in exchange for 30% of DOCK supply. Although there have been updates to the platform, there has been relatively little code commits to their GitHub repositories. However, there is a relatively strong Dock community however and the project has a decent following on their Twitter and Telegram. DOCK tokens are currently trading on a number of Exchanges but over 95% of the volume is taking place on Binance. This does open them up to “key exchange” risk. DOCK is more volatile than similar sized altcoins and prices are currently off 90% from the ICO price. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
2.5
BTS
BTS

BitShares (BTS) | Coin Report | An Altcoin Trader's Handbook | Rating: 8/10 | 13th May 2019

2019-05-13
8

Welcome to the 20th Coin Report. In today’s report, I will be assessing the fundamental and technical strengths and weaknesses of BitShares. 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. BitShares was first launched in July 2014, utilising an open-source Graphene blockchain and operating with the Delegated Proof-of-Stake consensus mechanism, both invented by Daniel Larimer in December 2013. BTS, the blockchain’s native token, operates using a SHA-512 hashing algorithm. This first version of BitShares was then abandoned in favour of a new launch, which occurred in October 2015, was conducted by its community and reflects the BitShares project of today.

An Altcoin Trader's Handbook
An Altcoin Trader's Handbook
4.0
NIM
NIM

Nimiq (NIM) | Rating: 8/10 | Outlook: Positive

2019-05-10
8/10

Nimiq is a browser-first, decentralized payment system and is home to a diverse ecosystem of apps. Nimiq has taken an innovative native-to-the-web blockchain approach, which means that users can directly connect to the chain using just a web-browser (no intermediaries). This gives users that installation-free, ‘it just works’ feel which is further strengthened by a strong focus on simplistic user experience. It is a crypto designed for use by the masses and not just the technologically savvy. By addressing the pain points of complexity it aims to enable barrier-free and frictionless value exchange for everyone. Browser clients use JavaScript and Webassembly. A Web app can integrate with Nimiq with just a few lines of code so web developers can easily build on Nimiq. High-performance network clients are available in Rust and JavaScript (currently PoW). The NIM token acts as a store and transfer of value. NIM’s live circulating supply can be viewed on metrics.nimiqx.com/supply, with a total supply capped at 21 billion NIM over the next 100 years. The team is committed to building a top cryptocurrency and includes highly qualified talent covering cryptography, cybersecurity and software engineering. Recent developments include: Nimiq OASIS: The blueprint for a potentially revolutionary crypto-to-fiat bridge, developed in collaboration with WEG Bank and non-custodial exchange Agora.Trade. The acquisition of a stake in WEG Bank has also added additional substance to this initiative. Albatross an optimistic consensus algorithm: The research result is in collaboration with Trinkler Software, for a new PoS consensus algorithm that can achieve performance close to the theoretical maximum for single chain protocols. Work on evaluating the algorithm for replacing current PoW is underway. The Nimiq mainnet just passed its first anniversary without a glitch and with planned scalability upgrades will be ready to mature into its growth era. Not investment advice. DYOR.

Coin Bureau
Coin Bureau
4.0
BNB
BNB

Rating: Buy | Binance (BNB) | Target Price: $30.11

2019-05-09

Binance uncomplicated growth story continues on the back of 66% increase in quarterly profits Updates from the previous report (Jan 2019) Picolo Research has updated our valuation on Binance taking into account the firm’s last quarter developments and current market conditions. Having seen a significant rise in BNB price since Jan 2019, our analysts revisited the valuation and highlighted several changes from the previous report. - Updated target price of BNB to $30.11 from $10.08 prior - Valuation methodology updated to reflect Binance additional expansion and service offerings - Drop in correlations between BNB and BTC/ETH, signifying divergence between the tokens - A significant rise in MV/Vol multiple (from 3.67 to 8.10), with markets perceiving higher valuations of exchanges on the back of IEO hype - Number of employees doubled from 400+ to 800+ signalling aggressive hiring for future growth - Regulatory threat not as significant as the firm strengthens its compliance department and continual expansion efforts in different jurisdictions

Picolo
Picolo
4.5
ARDR
ARDR

Ardor - Analysis & Research report - CoinCheckup.com

2019-05-09
3.7

Algo. score rating 3.7/5 (#95) 100% OPEN CHANNELS 86% TEAM STRENGTH 98% PRODUCT STRENGTH 20% GITHUB ACTIVITY 90% COIN STRENGTH 80% BRAND AWARENESS See attached PDF Analysis & Research report for more details.

CoinCheckup
CoinCheckup
3.5
ORBS
ORBS

Orbs Network (ORBS) | Rating: 7/10 | Outlook: Positive

2019-05-08
7/10

Orbs is developing an Ethereum interoperable blockchain platform which is slated to address the fundamental constraints that enterprise developers currently face with public blockchains. It is an open blockchain that is a generation layer working together with Ethereum. They also have their own utility token in ORBS. There are three main components of the Orbs platform: - Virtual chains. These run on top of shared physical node infrastructure, which gives the benefits of a dedicated blockchain to all the virtual chains sharing the environment. - Randomized Proof of Stake (RPoS). This has benefits of being both fast and secure. - Cross-chain Interoperability. Seamless access to the Ethereum state under consensus. All of these components help developers to effectively scale their decentralised applications. The Orbs team is based in Israel and they have over 40 members with varied experience. They have also received an investment from Kakao which helped the project scale its operations into South Korea. Orbs conducted their ICO in May of 2018 and were able to raise $118m. ORBS tokens are ERC20 standard and they were only released to buyers after the main net went live in March of 2019. The community behind the team is smaller than on other projects. The team is still active updating this community. The team has been pretty active in their development and there have been extensive code commits to their public GitHub repos. They also have a pretty extensive roadmap ahead of them that includes their Autonomous "Swap Bridge" as well as they Hubble Block Explorer. ORBS tokens hit the Exchanges not long after the launch of their mainnet token release. Trading has been really volatile and the bulk of the volume has taken place on Korean exchanges. There is strong volume and liquidity amoung these exchanges though. Trading still remains volatile as compared to other tokens. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
ATOM
ATOM

Cosmos (ATOM) | Rating: 8/10 | Outlook: Positive

2019-05-06
8/10

Cosmos is a project that is looking to become the blockchain that pulls all the other blockchains together in its blockchain interoperability platform. Cosmos is working to solve both scalability and usability limitations in blockchain technology. Technically, it’s a network of independent blockchains powered by Tendermint. There are three primary components to the Cosmos ecosystem. These are the Tendermint Core, the Application Blockchain Interface (ABCI) and the Cosmos SDK. Tendermint Core provides consensus on the Cosmos Hub, while zone blockchains maintain their own consensus without needing to use Tendermint. Cosmos SDK provides developers with the means to build a blockchain and dApps while only worrying about the application layer. With the addition of ABCI application state is managed in a separate consensus process, allowing Cosmos to support a wide variety of scripting languages and cryptocurrencies. ATOM is the utility token on the Cosmos network and is used as a reward mechanism to the PoS validators. These were issued in an ICO that the team completed back in April of 2017. They were able to raise a total of $17m in exchange for 168m ATOM tokens. There is a large push behind the Cosmos project including a number of companies, teams, and foundations. The main support comes from The Interchain Foundation, a Swiss non-profit. The team has been quite busy developing the protocol and the code activity in their GitHub commits reflects that. They have been meeting regular roadmap milestones over the past year. ATOM tokens were only released after the mainnet went live which is a departure from the norm. The tokens were released on March 14th 2019 and went live for trading on a number of exchanges including Binance. They subsequently rallied to all time highs. There is extensive volume for these tokens across the markets although they still do remain volatile. Trade with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
4.0
SNM
SNM

SONM (SNM) | Rating: 6/10 | Outlook: Flat

2019-05-02
6/10

SONM is a project that is trying to develop a decentralised "Fog" computing platform. This is essentially a marketplace where users can buy / sell computing power in a distributed manner. It is ideal for those users who have additional hardware resources in the form of a server, mining rig or even a home PC. There are a number of use cases already identified for the fog network based Sonm. Processing intensive scientific research and video rendering are two use cases that would benefit from Sonm. Any type of online gaming could also benefit, as could website hosting. The exchange of this computing power takes place on the SONM marketplace. Sellers are those users on the network who are offering their hardware up for use. Buyers are those users who want to use these services to complete tasks like those mentioned above. The native token powering the Sonm network is the ERC20 based SNM. This was issued through an ICO that took place in June of 2017. The team was able to raise a total of $42m through the sale of 262,500,000 SNM tokens at a price of $0.16 each. Trading of SNM has been through a wild ride and reached highs of $1.02. Prices fell in the bear market but are still sitting above the ICO price. SONM is not alone in the cloud computing marketplace space. There are other projects such as Golem and iExec which have similar concepts. They have been around for longer than Sonm so have a first mover advantage. The Sonm team is based around the world and the developers have been active when it comes to pushing code. Their GitHub has been receiving a number of commits over the past 12 months. They also have quite an active and engaged community through a number of social channels. SNM is listed on Binance and KuCoin. However, volume on these exchanges is really quite low and could be a problem from a liquidity perspective. Trade SNM with caution as they are quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
2.5
LEND
LEND

ETHLend (LEND) | Rating: 6/10 | Outlook: Flat

2019-04-30
6/10

ETHLend is a crypto lending marketplace and platform. It connects lenders and borrowers through a Peer-to-Peer network. It is built on the Ethereum network where borrowers can make loan requests which creates an Ethereum based Smart Contract. It also has a native ERC20 utility token (LEND token) which gives borrowers certain benefits. The Smart Contract is created using the data input by the borrower such as the amount of the loan, the requested interest rate, and the duration of the loan. Along with that the borrower also inserts the address for his or her cryptocurrency and the amount to be used as collateral. The ETHLend system allows you to borrow several different cryptocurrencies. At this time it is possible to borrow ETH, LEND, DAI, TUSD and ETH pegged to a number of fiat currencies. You cannot borrow straight fiat currency at this time, but that’s a functionality the ETHLend team is planning to add in the future. ETHLend is registered in Estonia although the team is based in Helsinki, Finland. They completed an ICO in November of 2017 and were able to raise a total of $16.2m in exchange for 1 billion of their LEND tokens. One of the biggest competitors to ETHLend is the Salt Network which allows for crypto to fiat lending. They have been around for longer than ETHLend but have restrictions on the type of lender as well as regional coverage. The LEND token hit the exchanges not long after the ICO and followed the rest of the market to all time highs in early Jan 2018. However, since then it has fallen to well below the ICO price. Most of the volume is being traded on relatively obscure exchanges which could impact on liquidity. The token is very volatile and should be traded with caution. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
2.5
PAY
PAY

TenX (PAY) | Rating: 7/10 | Outlook: Flat

2019-04-24
7/10

TenX is a company that has developed crypto backed debit cards. They have had many ups and downs but has finally started shipping their cards out to the APAC region. In order to facilitate fee free cryptocurrency exchange, TenX will use its COMIT network. COMIT will use a specialized routing protocol to enable seamless interoperability between blockchains, which will result in nearly free exchanges between them. The TenX team has described it as a blockchain-based competitor for the SWIFT network. TenX also makes use of Decentralised Security Smart Contracts. This will allow users to prevent unauthorized card usage by setting limits on spending, withdrawals, and purchases and these can be daily limits or overall limits. TenX also has a mobile wallet that can be used to administer the card and transfer cryptocurrency. It is currently available in iOS and Android and has support for Litecoin, Ethereum and Bitcoin. TenX has a utility token called PAY that will be used in the ecosystem. This was originally envisioned as an incentive mechanism that would encourage users to pay with the TenX card. This has changed recently and the team has removed these reward mechanisms. TenX was originally launched back in 2015 and is based in Singapore. They completed a bumper ICO back in 2017 and were able to raise a total $80m. The project has had its fair share of setbacks. There were numerous delays in the rollout of the cards. There were also questions around one of the founders who had previously been involved in a Ponzi scheme. He has since left the project. PAY tokens hit the exchanges not long after the ICO and rallied to ATHs. Since then, they followed the rest of the market and are currently sitting below the ICO price. PAY is trading on a few exchanges although the bulk of it is taking place on UpBit and OkEX. There is relatively strong liquidity although tokens remain quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
3.0
MCO
MCO

TokenGazer [MCO] Rating: 3.6, Indicator Trend: Neutral | Updated April 22, 2019

2019-04-22
3.6

TokenGazer: MCO has various uses cases but is subject to regulatory compliance issues TokenGazer released Crypto.com (MCO) rating report: Overall Rating: 3.6; Indicator Trend: Stable. Focusing on regulatory compliance, the Crypto.com project issued the globally accepted CMO Visa Card and developed a payment blockchain called Crypto.com Chain. It also launched an easy-to-use and versatile wallet app, which is a centralized wallet with private keys controlled by the project team and users’ transaction history provided to the regulatory authorities. At present, the MCO Visa Card is only available in Singapore, but according to the public information, regulatory compliance efforts for application in other countries is in the plan. The Crypto.com Chain focuses on payment and has incentives for different roles involved in the payment process, but the product has not launched yet. With payment business regulated by local governments, it remains to be seen whether the Crypto.com Chain can be launched successfully.

TokenGazer
TokenGazer
3.5
DENT
DENT

Dent (DENT) | Rating: 7/10 | Outlook: Flat

2019-04-22
7/10

Dent Wireless is developing a blockchain based open marketplace for the exchange of mobile data. They hope to free consumers from the grip of the regional Telco companies and seeking to give everyone freedom of choice in their purchase and usage of mobile data. There are four main components that make up the DENT ecosystem. These are the mobile data marketplace, their DENT ERC20 token, their mobile data exchange and their mobile apps. The DATA marketplace is powered by the DENT token and allows users to exchange their mobile data for DENT tokens. The Mobile data exchange is the place where 13 million users are already buying / selling these tokenized mobile packages. The DENT mobile applications are the primary interface for accessing the DENT Exchange and for interacting with the Offer Wall. These have already been downloaded by over 14m users. Although, users were incentivised to download with the offer of free DENT. The DENT team is based in Hong Kong and used to be called "Commando Coder". The team appears to be quite experienced in the field of mobile technology and app development. They held an ICO in July of 2017 and raised a total of $4.3m in exchange for over 8.6bn DENT. There are concerns around centralisation given that the DENT team controls over 40% of the total token supply. There is an ambitious roadmap that the Dent team have laid out. These include the launch of eSIM technology, released of DENT 3.0 and DENT 4.0 as well as the continual expansion of their user base across the world. DENT Tokens hit the exchanges not long after their ICO and followed the rest of the market trajectory through the 2017 bull run and the subsequent crash that followed. Most of the volume is taking place on the Binance exchange and on UpBit. There is reasonable liquidity on these exchanges however the token remains quite volatile. *Coin Bureau's views are not investment advice. Do Your Own Research.

Coin Bureau
Coin Bureau
2.5