TWINS: A new PoS/Masternode crypto project - Review

vcxv (41)in #bitcoin • 5 years ago (edited)

" win.win "
yes, that's the web address of the TWINS project (I liked it) and here we will see if this really has any potential for a win-win situation for both investors and users.

Below I will summaries my thoughts on the project why I believe this might actually be a good PoS/Masternode project which will sustain on its own.

Project Aim
Unlike, most of the Masternode projects which comes, make some hype and then soon fizzle out because they are not trying to achieve anything. Early entrant benefit from the masternode rewards while later entrants are caught holding the bags full which means nothing in longer period.

Unlike this win win (TWINS) rather have a use case. from their website:

In a new paradigm of crypto economics, the most important and critical function is the ability to store and exchange our digital assets in a secure manner.

They are aiming to built a decentralized exchange platform and proof-of-stake blockchain network with cross-chain atomic-swaps capabilities and The TWINS cryptocurrency will be used to power the exchange platform for buy and sell order listings and to reward the community-supported and decentralized hosting of network nodes.

Team behind the project
This is not a crypto project which started with the whims and fancies of a single person rather there is an actual team behind it. Unlike 90% of the crypto project where we are not aware of the team involve here Team is on public platform from day 1.

This project is being supported/backed by NEW.Capital, a registered company whose mission is is to ensure that new great ideas are not lost have the best chance to succeed. New Capital is a registered company with operational offices at different locations of the world. This is the first time I am seeing a masternode project actually being supported by a real company.

many of the New Capital team members are part of the Win Win project and that's a big booster because they are on public platform with their linkedin profiles, they have nothing to hide.

No ICO/Premine
This project has been started without any kind of premine or an ICO being held. we hardly see any project which have a multi member experienced team and it is started without any ICO/Premine. They do have 10% of the block reward contributed as Dev fund and that's rational considering that they need funds to go on in future.

Exchange Partnership
Many of the so called masternode projects are listed on some shady or not known exchanges and many of the users do not participate due to unreliable exchanges. But here due to the support of New Capital , they have been able to strike a partnership with the bitsane exchnage. (read here https://bitsane.com/news/post/20190116/partnership-announcement). This is a great achievement for a starting project.

Bitsane is currently ranked at 78 at coinmarketcap and had a last 30 day volume of $134,025,299 which is not bad at all. Considering that this also has a fiat gateway then this is one of best possible scenario for a nascent project to get listed on such an exchange. This is a big big plus.

Transparency
Transparency is at the core of the trust and here at win win the team has done everything with full transparency till now. They are super active on Discord channel and they let the community know with every minute details. I have been there through the whole TWINS testing phase and it feels as if myself was a part of the team. They are open for your inputs, always eager to improve, prompt for action. on more than one occasion they have stressed that this is a community centric project.

one example of this is- They have given the Dev wallet address in public fora so that community can monitor the activity of the fund and can hold them accountable if need rise.

Coin Economics
as mentioned already The TWINS cryptocurrency will be used to power the win.win decentralized exchange platform for buy and sell order listings and to reward the community-supported and decentralized hosting of network nodes.

80% of the block rewards are distributed to TWINS Masternodes, 10% of the block rewards are distributed to TWINS Stakers, and 10% of the block rewards are distributed to the TWINS Developer Fund and will be burned during the first 3 months. 100% of TWINS mined from the seed nodes are distributed as community bounties and used as a liquidity pool.

my two Cents

This is a new project with a set clear goal. Team is open and project is backed by an established company.
It is going to be listed soon on a reputable exchange (link in the bottom) which also have fiat gateway.
Masternode rewards are 80% of the block reward so early adopters have a great earning opportunity here. Since it is not listed yet and not many people know about the project, so if you are reading this article you are ahead of most others.

Finally, I would like to say a PoS/Masternode project can not get better than this. Do not make this a lost opportunity. This will be a win-win for all involved.

Official project links: