Coinmarketcap newcomers review: Wanchain to rule them all and a data tree
Hello my friends! Coinmarketcap added a few new projects recently and this means we are going on another adventure to Crypto Land 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.
Wanchain (WAN)
Wanchain is a very ambitious project. It aims to create new distributed financial infrastructure, connecting different blockchain networks together to exchange value. Cross-chain smart contracts built on Wanchain will power the new digital economy. Wanchain is not merely a universal cross-chain protocol, it is a distributed ledger that records cross-chain and intra-chain transactions. The ledger not only supports smart contracts, but also supports privacy protection. Sounds great, doesn’t it? Let’s a take a look at this project.
- Average newcomer has 24 hours volume below $1m. Wanchain has a volume of $102 327 000 and is listed on Binance. Huge, Binance never lists no-name coins without potential.
- Website is just great. It is done with style and is informative at the same time. It is easy to navigate through site. It won’t take more than 5 minutes to learn what the project is and fell in love with it.
- Twitter is active. I can see team participates in a lot of meetings to spread the project. It has more than 96k followers!
- Telegram has 51k members. That’s huge. A good healthy discussion and an army of supporters already.
- ICO collected hard cap of $36m. According to icodrops it made 13x gains in USD for investors. This is just great.
- 31 pages on Bitcointalk, but make no mistake the project is very popular. I don’t see any significant bounties or airdrops.
This is one of the projects that you find on exchange and instantly regret you’ve missed ICO. The project has a great vision and perspectives. I suggest reading its whitepaper. The price is slowly going up on Binance. It’s hard to say if it is a good buy right now, but maybe it is the only chance to get it this cheap. I will watch this project closely.
AMLT Token (AMLT)
According to this token creators, one of the biggest block on the road to mass adoption of crypto is regulatory compliance, especially Anti Money Laundering (AML)and Counter Terrorist Financing (CTF). AMLT is a part of the Coinfirm AML/CTF Platform that provides the mechanism enabling the protection and transparency of the ecosystem that makes compliance with regulations in the blockchain economy possible. I personally don’t think that crypto must find the way to fit in existing regulation, I believe regulations themselves must change, but let’s review the token.
- Has a low 24h rate of $272 327 and listed on minor exchanges only: Qryptos and Lykke Exchange.
- I wasn’t able to understand what is the goal of the project until I’ve opened lite paper. The site is ok actually, a little bit old stylish, but ok.
- Twitter account is filled with retwits only. I don’t see any original posts. Has 7k followers anyway.
- Has 5,5k members on telegram. Some are skeptical AMLT will survive…
- According to icodrops ICO collected $19m with hard cap $16m. Perhaps it is because of price changes.
- 29 pages of discussion on bitcointalk. A lot of messages are questions about listing. 1% was allocated for bounty.
I don’t really like this project. People in crypto don’t like regulators. Marketing of the project doesn’t seem good. On the other hand there is an existing company behind it, which is always good. I am not going to watch this project.
Banyan Network (BBN)
Banyan Network is a big data network based on blockchain technology called Data Fusion Value Chain Network (DVN). Banyan Network covers data collection, cleansing, integration, and applications of complete business chains, developed theories such as “three laws of data value” and mechanisms such as “tripartite model”. Big data is a very important field nowadays. Big data and blockchain together look like a solid project. Time to check this project.
- Has a huge volume of $11 833 900. Is listed on a single exchange Bibox and has 3d place there right after BTC and ETH.
- Web site is good and logo rocks. Don’t see any advisors I know, but it is ok for a China based project.
- CMC doesn’t have a link to twitter. I suppose it is because twitter is banned in China. They have twitter account with 700 followers anyway.
- Has 61k member in telegram group. That’s a very good number, but I think at least half people there are because of airdrop.
- I don’t see any profiles on popular ICO hubs. I don’t see anything besides airdrop on bitcointalk either.
Strange project. Idea seems good, has a great trading volume, but it is not really represented on major platforms. I don’t like it, you need hype to grow. I will stay away from this project.
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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Great post!
Thanks for tasting the eden!
Thanks for the review, but i dont get your "i will stay away from this project" on BBN, you say you dont know the advisors, BBN angel investors are LOOPRING and HPB, this is Huge, it means NEO is not that far as NEO is invested in these coins. Besides UNIONPAY which is bigger than VISA are partners of BBN, i mean come on this is a gem, just waiting for the product to be released but everything on the paper is crazy :-) i'd like your opinion based on these facts, once again thanks for the time for your reveiws mate
Thanks for reading and bringing valuable comment. True, if the developers will do half of staff they promise, we can see BBN in top 50. At the same time the team is pretty much ignoring marketing hints we've all got used to. For a project to gain waight, it is not enough to be a great project. You also need to make it public and loud. Avererage crypto enthusiast gets info from twitter, bitcointalk, icobench and others. If you ignore them, you loose in gains. Also it is hard to get into right now. In past days (3-4 days) in got +50% in price and is listed on exchange Bibox only, and i don't have account there (and most people also don't). If BBN get listed on binance or Kucoin and will have a small price decrese at list for a day or two, i will consider it a good buy. But know people got profit on it, so they will fix them by selling tokens. i don't want to buy BBN and watch price falling.
Thanks for your answer, projects definitely need hype and support by youtubers and so forth to grow and succeed, BBN is getting more and more attention but is still under the radar, reason why i do believe it's a gem. Of course the price increased considerably these last weeks but is still cheap imo, i do believe its a must have in its folio for long term and can bring great gains within a year