Emercoin Analysis ($EMC)
The following is not financial advice.
Welcome to back The Scoop!
This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin.
So let's begin!
What is Emercoin?
"More than a currency" is their motto and they live up to it by already being available on Microsoft's Azure cloud computing platform. And they are reaaally into distributed blockchain services. EMCSSH, EMCSSL, EMCDNS, InfoCard, Magnet, the list of their projects goes on and on. Being around since 2013 means something too.
There's a TON of code and products available today: not tomorrow, or next year.. no vaperware.
Quick Technicals
Algo: SHA-256 / PoW (and PoS)
Block time: 10 minutes
Block reward: 5020 EMC
PoS reward: 6%
More details at Bitcointalk:
https://bitcointalk.org/index.php?topic=362513.0
Where's the wallet?
Wallets across platforms are available here:
https://emercoin.com/#download
There is more than one whitepaper as they cover specific products:
https://emercoin.com/content/EMCSSL.pdf
https://emercoin.com/content/EMCDPO.pdf
How many of them are they?
CMC says ~41m circulating with a total supply of ~1b that sounds like it might be hit in about 50 years or less.
Who's the team?
They have cryptography (the original meaning of 'crypto' and still the most relevant one today) experts, finance, blockchain and IT experts. Small, but apparently agile.
How is Emercoin different?
It's been around and it's still here. Tons of code and partnerships aren't something many projects can say they have.
Pros
- available on Azure
- actual products
- solid devs
- tech partnerships
- longevity
Cons
- relatively unknown
- crowded market
- biggest gains likely already realized
Where is it traded?
Emercoin has got presence on many solid exchanges, including Bittrex:
https://coinmarketcap.com/currencies/emercoin/#markets
The Final
Based on the FA, EMC looks like a low to medium risk with medium reward potential if they are able to pick up and deliver on partnerships and use cases. Picking it up under 15-20k sats would be bargain or under five dollars would be an upper entry while still expecting solid gains.
And that's your scoop!
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