BlockCAT | The WordPress of Smart Contracts | Should you invest?
Hello Steemit! In this post, I will be talking about BlockCAT, short for Blockchain Complex Automated Transactions, and why I believe that this project will be massive in the not too distant future.
So what is BlockCAT? BlockCAT is a platform that allows you to create your own smart contracts, with zero programming knowledge required. Essentially, it is the WordPress or Wix of Ethereum contracts.
Not only that, the platform allows you to sell and purchase smart contracts on their decentralized marketplace, making it much more interesting.
They recently had an ICO, which started on July 15th, and ended on August 18th. The tokens are currently trading at 3x of ICO price on Etherdelta, which is definitely a good sign for a project.
I believe that in the future, BlockCAT will be a big part of the cryptocurrency ecosystem. Currently, creating smart contracts for the non-programmers is a mess, because of the programming knowledge requirement. Projects like BlockCAT make it easy. That is the same reason a lot of people use services like Wix or WordPress to create websites - because it is a much simpler, and a more user friendly way.
BlockCAT has been endorsed by well-known cryptocurrency YouTubers like Suppoman, Ian Balina, Cryptoverse and many others. The development team is led by Eric Huang. He is a former developer of IonDB, and has been endorsed by Forbes for his contribution in computer science education.
So, is it a good investment? I definitely think so! The tokens are currently purchasable on EtherDelta for the price of about $3-$4. The BlockCAT team is planning to bring CAT to exchanges like Liqui, Bittrex and others, and I believe the price will rise after CAT makes it to a real exchange. Here is their trailer video, so you can get a better insight to what BlockCAT is. Visit the website on http://blockcat.io
it's being traded in high volume, but it has fallen recently and will probably keep falling it is down more than 6% in last hour. Interesting to see how it turns out but looks like it won't keep to the hype, we will have to wait a couple of years when smart contracts become more common use in large business and there will probably be a better drag and drop creator out then.
Almost every ICO has a price drop after getting listed, due to ICO investors taking profit. However, i am sure that it will rise in price soon. By the end of the year, i am expecting $8-10 per token. But these are just my thoughts, i might be wrong :)
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