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DAG

Could Obyte finally got traction?Obyte failed to be profitable once the team stopped the initial free airdrop method. Since then, the most powerful and comprehensive DAG protocol in the cryptocurrency market has lost around 97% of its ATH value. Nevertheless, the team continues to develop the protocol and has impressively extended its functionality with concepts such as sovereign identity, bounded stablecoins and more recently with liquidity pools and bridges with Ethereum, Binance and Polygon. Even an NFT platform has been released recently. Several impressive rebounds occured in 2021 but each time it falls. Several impressive rebounds occurred place in 2021 but each time the price fell back to the initial level. In a way, every fall was normal and predictable. Obyte is a third type cryptocurrency protocol that requires transactions to gain value, while decentralized blockchains (first type) have to spend electricity and centralized blockchains (second type) need to grow their user base. So, could Obyte finally get the shy traction to get more transactions and see its price increase sustainably? Either way, DAGs are the only sustainable option for cryptocurrencies and Obyte is obviously the real contender to challenge the Bitcoin protocol as king of cryptocurrencies although one can easily doubt that when looking at its performance.
G
by HenriqueV
DERO ThesisMy previous post " dero will melt faces " was a little too hasty and I missed this pattern in the charts. We are approaching what I comically call a "gigapump." Dero is a privacy Layer 1 Smart chain that is going to absolutely take over the Dex/Swap industry. It has legal and illegal use-cases that are infinite. The current outlook is super bullish with the only possible roadblock being delays in the mainnet launch. Dero has a "build it and they will come" strategy. You will not see any marketing until the mainnet launches and by then it is too late. This is a 2-6 year play. Good luck! www.dero.io
DLong
by UltimateKnowledge
4
Constellation [ DAG ] - BULLISH. Value Area!!!Great value area right now for $DAG. One of my new favorite ALTs I've recently heard of. Do your own DD, but here is a quick summary: "Constellation (DAG) is a distributed network that delivers fast, scalable solutions to organizations that require secure payment processing, data transfer, and interoperability for their connected sensors and devices. Powered by its distributed and decentralized network, Hypergraph, Constellation employs a directed acyclic graph (DAG) network and mathematical proofs to promote its network’s speed and security. Together, these attributes deliver impressive scalability compared to other chains like Bitcoin or Ethereum. Since its launch, Constellation has witnessed a growing list of partners, including Amazon Web Services (AWS), the US Airforce, and crypto brands like Chainlink and KuCoin exchange. In addition, Constellation’s native token DAG supports a second functional value via tokenized throughput or bandwidth on the network compared to cryptocurrencies like BTC which exhibit more limited utility. The DAG token has performed exceptionally well in the last few months, making it one of the most promising altcoins to monitor."
Long
by TraderFromTheNorth
UBIX Network - UBXQuantitative Data - Market Cap, small, ~68M USD as of May 2nd - Total Supply, 1 Trillion UBX, Works on emission so this is irrelevant. - Current Circulating supply 34.52 Billion UBX (90.31% of Max Supply) - ~170% ROI since ICO - Initial distribution data unavailable (See End of Report) - ICO ran from 16-9-2019 to 18-7-2020 Initial price of 0.00000077 ETH - 10% of all commissions are credited to development fund General Tokenomics a. Consensus algorithm PoS b. No Minting. Masternodes rewarded with transaction fees - ATH $0.005141 (10-4-21) ATL $0.00000578 (11-1-21) - Cycle Data Unclear, project is too young - Currently outperforming BTC by a large margin. To be expected with a very young project. - IOTA Mcap 5.6B. NANO Mcap 1.4B GBYTE Mcap 64M a. 50x from here would put UBX at 3.2B easily amongst the competition b. 16x from here to get to 1B c. Large growth potential from here for sure. d. Potential for even further growth if can manage to compete with DOT (34B Mcap) - Listed on KuCoin, Hotbit, ExMarkets. Over 95% of volume on Kucoin. Good daily volume. Liquidity does not appear to be an issue. 99,000USD liq last 24hr More listings to come soon. 3 exchanges want to List. Binance reapplication done. - 24hr Volume ~20M highest 18-4-21 6.4M (down 55%) 5302 Holders according to Etherscan as of 18-4-21. UBX claim to have 16,284 Non-zero wallets across 6 blockchains. 69.8% held by 3 wallets belonging to exchanges or the UBX network itself. Biggest Whale holds 1.3% of Total supply, valued just under 1M USD. - Proof of Stake Qualitative Data Open ecosystem designed to integrate decentralised applications into a cohesive whole.The Decenteralised protocol UBIX (DAG, consists of blockchains of various types) has been developed to exchange master data between applications. The Ubikiri super application interface, built on microservices is used to exchange edata between applications via the internal API. For the development of applications the UBIX launchpad platform is used, this launchpad is integrated into the Ubikiri interface. A special approach called fair-ICO (fICO) is used to finance internal projects. The first project was the UBIX exchange. UBIX ($UBX) - A Digital Universe with Endless Possibilities. Ecosystem overview - Target market would be the entire crypto space really. In order to implement the possibility of creating integrated blockchains the following approach was used. a. Users can create their own blockchains(in terms of the platform consiliums), b. Each transaction has a special ;ane; that defines which consilium can process it. c. When the conditions defined by the consilium rules appear, consilium is activated and transactions accumulated in the mempool related to this consilium are processed. d. When the block created by consilium goes to the general deistributed ledger, where the blocks are connected to each other in a merkle tree, forming a DAG. i. Network node can form subsets that implement certain rules, Each group is called a Consilium (in case you were wondering) DAGs are fairly new to the crypto space from what i can tell. UBX has the potential to be special, I see very few reasons why this can't be successful. From what little information i could find online about the team they seem solid and have alot of experience in the crypto space. They were founded and majority based out of the Russian federation (Probably why there is a lack of info) The Co-Founder Max Breus, also co_founded Silent notary. Studied both law and at the institute of physics and technology in Moscow. Aleksey Petrov was the CFO at silantNotary, He also co-founded UBIX, he also has experience in the finance space. Johan Struijk is the CMO of UBX and worked as an advisor at SilentNotary also. He has experience working as a CEO of a decentralised escrow service. He is focused on marketing and branding at UBX. Link to full team Team - ubix.network Info about the exact token distribution is unavailable. Direct link to full roadmap Roadmap - ubix.network Whitepaper outlined in point 1 Active telegram with 16,000+, Active Twitter Also. Also have an active medium. Looks good. Partnered with Acceleration group, Leader in BIM tech and manager of complex construction projects. Together creating a joint blockchain laboratory, by doing so this will introduce blockchain to the international construction industry. Further info here Partnership announcement: UBIX.Network and Acceleration Group | by UBIX.Network | Medium As far as i could tell, no upcoming events. May be more AMA’s. AMAs available on telegram No concerns we can see as yet, other than paperhands as project is still in the early stages. Everything seems sound at present, Recap- Very solid looking project with 100x potential long term. Still very early to the party and i don’t have any major concerns apart from lack of initial token distribution data due to UBX being born out of a swap where-by you had to swap $SNTR for $UBX. Hopefully data is available regarding token distribution of $SNTR. Again no major concerns. My personal verdict is that i will be purchasing a small position in this project as believe it has huge potential and could reach the $1B club. Managed to source some Info on the Allocation of funds raised by $SNTR token sale 50% Marketing and Promotion 20% Legal Status, Experts in different legislations, and introduction of legal practise 20% R&D 10% Staff and operational costs This clears up my one red flag which was lack of into regarding token distribution which could have allowed the team to hold a large % and sell at massive profits later. I am confident this is not the case and the distribution of UBX is fair. Professional team and professional project. No reason this cannot go far.
ULong
by coco_can
7