Why I think I/O Coin (IOC) is the next sleeping giant

in #ioc7 years ago (edited)

In my personal blog a couple of month ago, I predicted about 2 coins that is likely to be the sleeping giant.

The first one was NEM (New Economy Movement - $XEM). I bought my initial NEM coin on April 2017 when it's still 1788 satoshi (Current price 6300 satoshi, 400% return).

The second one was Verge ($XVG), which I bought when it's 4 satoshi through 8 satoshi range (Currently at 120 satoshi, 2000% return).

https://twitter.com/CryptoBuddha86/status/862504927297273857

I also predicted Espers ($ESP), which I bought at 5 satoshi and sold most of it at 35 satoshi, but I'm not putting that much money on it (Only had 13 million Espers), and I wouldn't call it sleeping giant as I'm still not sure of its promises, Website on the blockchain, will be easily adopted.

When I look for the next sleeping giant, the first thing I research is the fundamental and how the coin will be used in real life scenario. So a couple of weeks ago I decided to invest in I/O Coin (https://www.iocoin.io/) after doing a lot of research on it.

Listed below are the reason why I think this will be the next sleeping giant (At the time of this article created, I/O Coin price at bittrex is hovering around 30000 - 31000 satoshi):

  • There are no premine
    I/O Coin had no premine, launched as proof of work coin in the beginning and after couple of weeks it switched to proof of stake. Looking at other project which had massive premine from the dev, sometimes as high as 50% coin, I/O Coin is more fair in coin distribution than most of other project out there. This also means that the risk of dev dump their coin is very minimal.

  • Low market cap
    I/O Coin market cap is $13 million USD, so there are still plenty of room for growth. In comparison, there are scam coins with hundreds of million dollar market cap out there.

  • Fairly distributed
    Looking at I/O Coin rich list (https://chainz.cryptoid.info/ioc/#!rich)

    it's pretty clear that this coin was fairly distributed. You can compare it to other coin such as SYS Coin (Top 10 had 50% of supply), or Digibyte (One top wallet had 20% of coin supply).

  • The dev identities are public
    I/O Coin aims to be used as enterprise blockchain, where companies can build their DAPPS on top of it (Similar to Ethereum concept). It's critical that the team behind it are not anonymous to give it more credibility if you want it to be adopted globally. You can find the dev team information here (https://iodigital.io/management/)

  • The chart says so (Good Risk/Rewards ratio)
    Here's daily chart of I/O Coin for the past 2 year

    You can clearly see that between 30000 - 40000 satoshi is the accumulation phase. It's pretty stable and I think it's only a matter of time before I/O Coin shoot to the moon where it deserves to be.

  • DIONS (Decentralized Input Output Name Space)
    DIONS are aliases for your address. So instead of random string of number and letter such as a6qrmFiwjxxX9ouo7pQUe7AUZ2BhdGGVB8. With DIONS you could have address such as your_name or your_company_name. I believe this is critical when mass adoption of blockchain technology finally happens, and company will definitely like this feature. As far as I know, no other coin had this feature.

  • Secure messaging
    After DIONS release, I/O Coin will enable you to use one of its cool feature: Decentralized secure messaging. I've seen the demo from the dev and it's really cool. I couldn't help but compare it to Status network, which also offer decentralized messaging apps. If status manage to get $150 million market cap, I don't see why I/O coin couldn't also reach that level.

  • You can store data in the blockchain
    The IOC Blockchain can carry up to 1MB data storage per 60 Second blocks while maintaining 2MB size blocks per IOC tx, for up to 2MB Blocks, 30X more transaction capacity than Bitcoin and Ethereum.
    With this feature, you can store wills, trust, intellectual property, Public Alias and Identity registration, transfer of ownership etc.

That's all of the reason why I believe I/O coin will be the next sleeping giant. I predicted within one year, it can raise 10-20x from current price, one of my trader friend even predicted 50x which I think also possible.

Safe entry will be between 30K-45K. But remember to always do your own research before deciding to invest your money on I/O Coin.

Thanks!

Sort:  

huh? Thanks I guess

Ash is saying to check the github for activity and updates on the code to make sure you aren't investing in vaporware or an abandoned project. From the link she posted it doesn't look like much work is getting done on the project. However I am not a programmer and can not confirm this.

It does look like a seperate repository for "DIONS" which is what they claim to be working on currently does have "commits" (code changes or new code).
https://github.com/IOCoin/DIONS/commits/master

All the latest code is here: https://github.com/IOCoin/DIONS

Talking about due diligence lol

Excellent write up. I've spoken with some people in the XtraBytes Slack who support this coin and agree that it is severely undervalued. All the reasons you list above, are at least reason enough to take a good look into this coin.

I entered in the 33k Sat range. But with the number of coins outstanding, upcoming release of tech, long term planning, transparency, and experienced team, there is no way imo that this coin won't go up significantly in value in the future.

Good tip.

I tracked the performance of all the altcoins that were delisted by Polo and five months later, IOC is the best performing coin.

He did even better than BTC!

https://steemit.com/altcoin/@martinjurca/how-are-they-doing-now-17-altcoins-that-were-delisted-from-poloniex

I/O Coin is by far my favorite coin. These guys are raising the bar in every aspect. With all these scams and pump and dumps around with shady launches and copy and pasted code this coin is a breath of fresh air. The only bad thing about this coin for me is having to wait so I can play with DIONS but real coding and testing takes time so I will continue to wait patiently and accumulate more in the meantime. Good article by the way, well done.

CryptoBuddha86 CryptoBuddha tweeted @ 11 May 2017 - 03:09 UTC

$XVG is up to 8 satoshi now! Literally last chance before it shoot to the moon twitter.com/CryptoBuddha86…

Disclaimer: I am just a bot trying to be helpful.

Or maybe one of this airdrops: https://crypto-airdrops.de

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