Coinmarketcap newcomers review: Promising NEO DEX and AI platform for collective governance
Hello my fellow steemitians! It’s been a while since coinmarketcap listed any new projects. Finally, today 4 new projects were added. Let’s take a close look at them. Who knows, maybe we will find something interesting today.
Before we go any further, I want to remind you this article is not a financial advice. I’m not a financial advisor of any kind. The article was created for solely entertainment purpose.
Switcheo (SWH)
Switcheo is a Decentralised Exchange built on top of the NEO Blockchain. There are many DEXes for Ethereum blockchain and ERC20 tokens. It was only a matter of time for other blockchains to get their own. What makes this project interesting, is that it will not only support NEO, GAS, NEP-5 and future future NEP-X tokens, but also Switcheo aims to achieve a network of DEX with cross chain swap capabilities between multiple popular chains like QTUM (QRC20) / Ethereum (ERC20) with more research being done for upcoming chains like Stellar.
- 24h volume is not big, it is only $130 377. The token is listed on a single exchange - Gate.io.
- Twitter account is a good. They are launching their MainNet soon, so they post tokens that will be listed soon and other events. Account has on 4k followers though.
- Website is ok. It doesn’t have much information now, only points to exchange and talks about fees, but this is what exchange site should look.
- Telegram group has 16k members. A solid number, it will grow if exchange becomes popular.
- Has a normal rating of 3.8 on ICObench. I personally like ICOs with 4.0 and more, but 3.8 is still pretty solid.
- Don’t see any good discussion on bitcointalk. Has bug bounty programs and an airdrop (referral based).
From one side, DEXes have a good chance to be successful in 2018. This DEX looks promising. On the other hand, the success of this exchange is tied to NEO success and marketing. NEO is a good project that can have a great future, but who can say if it will? Marketing the project has could be better. For me personally it is not the time to invest in this project.
Consensus (SEN)
To explain what this project is about I will use a quote from whitepaper:
Consensus is the open-sourced, decentralized artificial intelligence platform, powered by native cryptocurrency, and built with the vision to improve the governance mechanisms at all levels of organizational structures: community, startup, non-profit, enterprise, city, county or the entire country.
The team is building a blockchain platform for collective governance powered by AI. It is actually difficult to understand before you dig into an explanation and that is not good for the project.
- Has a low volume of $74 975 and is listed on IDEX and Tidex.
- Twitter account has 30k followers, but is it is not active. I suppose the community was built through massive airdrop.
- Website definitely has style, but as I said, the vision and the technology of this project is difficult to understand. I can’t say the site explains it well.
- Telegram community is large and has 19k members. I suppose most of them were brought here by the airdrop.
- Has poor profiles on ICO hubs.
- Has a very small discussion on bitcointalk. Had a large airdrop. Yet it seems it will not be distributed until own blockchain is launched.
It’s a common knowledge you should never invest in project you don’t understand. Consensus may be too difficult to understand and too ambitious to believe in. I don’t see a bright future for this project, especially under difficult market conditions, but this is not a financial advice anyway.
ClearCoin (CLR)
СlearCoin is an advertising platform on a blockchain. The global advertising exchange connects advertisers and publishers and tracks all transactions in a proof-of-history ledger. The proof-of-history ledger is built on blockchain and helps combat ad fraud and inaccuracies. CLR tokens are used as a mean of payment on the platform. We’ve already so many ads platforms, let’s see if this one has something interesting to offer.
- Has a low 24h volume of $93 120. Is listed on HitBTC and YoBit. YoBit is a famous place for pump and dump scenarios.
- Twitter account has 11k follower. It is managed ok, but could be way better.
- Website is simple, but still informative. I don’t like it though.
- Telegram community has 29k members. Looks too big for such project. Was built through bounty program.
- Projected is treated as high risky on icoholder. Has a low rating on other hubs.
- 44 pages of discussion on bitcointalk. Had bounty and an airdrop.
I haven’t found anything interesting in this project. It is also listed on YoBit and it is a major stopper for me. YoBit is known for pump and dump scenarios with small market tokens. A lot of people lost their money there. I will stay away from this project.
Sentinel Chain (SENC)
The Sentinel Chain is a B2B marketplace specifically designed to provide affordable and secure financial services to the unbanked. Sentinel Chain intends to issue the Sentinel Chain Token (SENC), a utility token that comprises of 6 major features: Insurance, loans, collateral, crowdfunding, community projects and E-pays. B2B marketplace is not a unique idea, but this project doesn’t look like a scam.
- Has a good 24h volume of $924 895. Is listed on Gate.io and IDEX.
- Twitter account is well managed, but has only 3,5k followers.
- Site is ok. It is simple, but informative.
- Telegram group has 11k members. Has a healthy discussion.
- Has a very solid rating of 4.4 on ICObench. It is surprisingly high. Around $14m raised on ICO.
- I see several little thread on bitcointalk. There are some positive comments. I don’t see any major airdrops or bounty programs.
Controversial project. The vison and rating are good. Funds raised on ICO fit for the task. I don’t like when project tries to collect way too much money on ICO. In this case there is no such problem. On the other hand, it doesn’t yet have a good community that can support the project. I think I will watch the project, but it is not a time for me to join.
Disclaimer
I’m not a financial of any kind. I encourage you to check all information yourself and make decision only based on your own opinion. All articles are created for solely entertainment purpose.
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