Why Syscoin is Worthy of Your Cyrpto Funds
Which alt coin will be the next big winner? It’s a great question… if only we knew the answer.
The thing is the alt coin space is still so new and so small the potential is huge.
That’s why I’m not investing in just one or two but a bunch. In my opinion small bets in a diverse set of cryptos is the way to go. Just one big winner could cover a slew of losers and then some.
Recently I’ve been writing about NXT. Another alt coin I’m interested in is Syscoin (SYS).
Syscoi
Syscoin provides a blockchain infrastructure to trade goods, assets, digital certificates and data securely. It’s a decentralized marketplace, aiming to take down the likes of Amazon and eBay.
If that sounds a lot like NXT your’re right, they are competitors and offer many of the same features. Other competitors includes the ShadowCoin market, OpenBazaar, and the BitBay Market.
For an in depth analysis of the key differences between these different marketplaces check out this article by Jag Sidhu, a Syscoin developer.
According to Jag Syscoin’s key advantages over the competition are its fee scalability, e-commerce integration, e-commerce gateway payments and dropshipping/resller support.
Syscoin was originally set to have a max of 2 billion coins. However, in the 2.0 version released in early April the final supply was cut to 900 million. Thus far 483 million Syscoin has been issued.
This big news for Syscoin this year was its announcement of its partnership with Microsoft Azure. The news sent Syscoin up over 3,000%!
Syscoin has big plans. In August it hired Christopher Marsh as Head of Business Development. That means we’ll likely see more strategic partnerships in the future.
For the rest of 2016 Syscoin has the goals of integrating into mainstream e-commerce platforms such as Shopify and OpenCart, upgrade its Blockmarket capabilities and explore launching on DApp platforms such as ETH.
Conclusion
The potential to take Amazon and eBay… a partnership with behemoth Microsoft… and a $4.6 million market cap. Syscoin is definitely worth a speculative investment.
sounds great! will look more into it!
I think that the cryptos that does not care about privacy will all die. Look at what is happening with Monero: 200%
Interesting blog. Nice to see I'm not the only one who thinks like this. I've been asking myself. How many people really do a proper background check before seriously investing in an ICO? Personally I always use: https://www.coincheckup.com The site lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto. For example: https://www.coincheckup.com/coins/SysCoin#analysis For the SysCoin Detailed report
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Ugh you posted this ~1 year ago and I'm just looking into $sys now! Following. :+)
SYS less than $0.01 a year ago ;-p
Blockchain Foundry project.
They recently released the Blockmarket desktop app... I need to check it out.