Cryptotips George Shnurenko

NEM vs Ripple vs Ethereum: What’s The Difference?

💡 Cryptotips
Let’s figure out how NEM vs Ethereum, NEM vs Ripple, and Ripple vs Ethereum differ
NEM vs Ripple vs Ethereum: What’s The Difference?

It’s time to figure out their technical peculiarities and understand whether investments are likely to pay out.

With the appearance of altcoins, it’s becoming harder and harder to see the difference between them. Recently introduced Ethereum, NEM and Ripple are retaining high positions in the cryptocurrency chart (Ethereum and Ripple are in the TOP-10), and each of them can serve certain purposes. Let’s figure out how NEM vs Ethereum, NEM vs Ripple, and Ripple vs Ethereum differ, what’s their current value, and what are the spheres of their application.

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NEM coin vs Ethereum

In order to clear things up, let’s trace the difference between Bitcoin vs Ethereum vs NEM. After the introduction of Bitcoin, Blockchain specialists started realizing that its technical basis isn’t perfect, and there are some considerable disadvantages.

What Ethereum Blockchain changed? It introduced smart contracts that allow for the transparent and safe transfer of funds, ER20 compatibility, and faster processing (20 transactions per second against three in Bitcoin).

NEM developers went a step further and introduced the blockchain with the following advantages:

  • Today, NEM network can perform 120 transactions per minute, but the release of Catapult version can increase the capacity to 4,000 TPS once it’s deployed on the network.

  • NEM gives you the possibility to create your Blockchain, you just need to connect it to the Mainnet (this is done with the functionality of NEM and JS library and API it provides). You can perform n-thousand transactions per us Blockchain (there’s no charge for consolidation), and connect to the main network only when some certain information must be consolidated.

  • NEM uses Proof-of-Importance (POI) that prioritizes the relevance of users, which makes it compatible with coins that measure the relevance of users.

  • NEM technology is based on APIs, which also solves the problem of compatibility with other platforms.

  • NEM developers offer a well-structured Javascript library, which is way more convenient than Solidity.

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When comparing NEM XEM vs Ethereum tokens, the difference is clear: Ethereum coin is the world’s second expensive coin with the price ranging around $500-700 in 2018. XEM costs $0.2, but its value is expected to grow in 2019. By 2023, the price of XEM may grow to $100-150. The forecasts for Ethereum differ, and it becomes harder to predict its value.

If you read the comments on NEM vs Ethereum in Reddit, you’ll see that there are supporters of both Blockchains. While NEM is simpler in use, Ethereum provides more opportunities for creating decentralized apps. While Ethereum integrates the smart contracts onto the Blockchain, NEM uses it outside the Blockchain.

NEM is more convenient for building apps from the scratch– it provides various tools, namespaces, mosaics (tokens), messaging, multisig accounts, and data management apps.

Therefore, when deciding between Ethereum vs NEM, keep in mind that Ethereum is suitable for companies that plan to remake their network within 5-10 years, so they’ll need to work with smart contracts. NEM is suitable for companies that need a ready solution that can ensure 100% percent security and be used to handle data issues efficiently.

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Ripple vs NEM

Now we know that NEM is a widely promoted cryptocurrency that goes with a bunch of new functions– it’s used by businesses and individual users to manage the information and data securely.

When working with it, you can be sure that any piece of information on your computer will be safe– no one can tamper it. Many Internet users claim that NEM is rather Ripple’s main competitor than Ethereum’s, and there’s a piece of truth in that.

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Where Ripple can be applied

Ripple (XRP) is actually an older coin that Bitcoin (it was created in 2004) and offers a unique protocol for banks that allows transferring money to any recipient around the world. Even individual investors can use the coin to perform the instant transaction.

The transaction fees will be lower than what traditional banks charge. In fact, the amount of banks and financial institutions using Ripple is growing thanks to lower fees induced by the protocol. That contributes to the growth of this currency.

Therefore, if you observe the implementation of Ripple vs NEM for banks, it becomes clear that the first coin is better. NEM is simply created for different tasks.

As for their price, both currencies have experienced value raising by over 1000% during the last 1-1.5 years. Experts recommend traders investing in both cryptocurrencies– they’ll be able to get dividends from both of them without serious risk, or at least from one of them which will cover expenses anyway.

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Ethereum vs Ripple

Aside from the high level of competition, Ethereum and Ripple don’t have much in common, but both have potential to put Bitcoin’s ultimate reigning to the end. While Ripple plays the role of a cross-currency payment system, Ethereum is a software platform for the creation of smart contracts and decentralizes apps. Ripple wasn’t created to dominate over other currencies, but it’s used for transactions between all digital and fiat currencies. Ethereum Blockchain servers for a broader gamut of tasks than many other currencies and blockchains: it deploys smart contracts and the sphere of its application is limitless, and developers are free to create any apps and programs.

Are there any other differences? While Ethereum is mined, Ripple’s 100,000,000,000 XRP coins had been pre-mined before the launch. Instead, Ripple has a shared ledger that is “managed by a network of independent validating servers that constantly compare their transaction records.” The new transactions are added to the closed ledger, and the network should achieve a consensus about their validity. In case of disagreement between the nodes, the consensus process will be repeated until the network reaches a supermajority. Although the scheme of work is reliable, many complain that the network remains highly centralized. But Ripple shows no sign of falling down, and the company continues upgrading the product improving its speed, efficiency, and flexibility. Further on, Ripple developers plan to:

  • modify the algorithm underlying the platform

  • upgrade the connectivity between nodes

  • enhance overall security.

Ethereum, in its turn, works on the basis of the Ethereum Virtual Machine (EVM), which runs the code execution. Thanks to smart contracts, tokens are automatically transferred to users’ accounts. Ethereum Blockchain has increased security and low risk of downtime due to server outages. Ethereum Blockchain uses proof-of-work mechanism and lends the computing power in exchange for Ether. However, now the creators are transiting it from the proof-of-work system and toward a proof-of-stake system. Such change brings about several benefits, including a better distribution of nodes. Aside from that, Ethereum is being at the development stage called Metropolis. This stage presupposes introduction of:

  • Zk-SNARK (a privacy protocol for smart contracts and transactions)

  • better flexibility and robustness of smart contracts

  • account abstraction that will make Ethereum more convenient for users

  • proof of stake

  • Sharding and Plasma (innovative solutions aimed to boost scalability).

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Comparison Table

Let’s summarize the main differences between the three cryptocurrencies and Blockchain:

Coin/Characteristics

XEM

Ethereum

Ripple

What is it used for?

Applied for fast and simple development of applications and offers inbuilt tools and features.

Used for development of decentralized applications with a wide functionality. Implements smart contracts.

Serves for global transfer of any currency and offers low transaction fees. Implemented in the banking sphere.

Processing power

4,000 transactions per second

15 transactions per second (though Vitalik Buterin claims they’ll make a shift to 1 mln TPS)

50,000 transactions per second

Technologies underlying the blockchain

Proof of Importance

Proof of Work → Proof of Stake

The Ripple Protocol consensus algorithm (RPCA), which means consensus is reached in the ledger for it to be closed

Current Value (June 2018)

$0.2

$ 539,37

$0.53

Prognosis

NEM is expected to reach $1 in 2019, and $100-150 in the nearest five years

1-year forecast is $1019, while long-term predictions range from $5,000 to $45,000

1-year forecast is $1,2, while long-term forecast is $5-450

Therefore, all three cryptocurrencies have different spheres of application, and it’s hard to say which one is better.

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Tips for investors

When it comes to investing, you should make preferences according to the amount of money you’re ready to invest, and the outcomes you’re expecting. Here are some tips:

  • NEM coin isn’t expected to grow considerably, but its development is stable. So if you don’t have a lot of money to spare, but want to make sure you won’t lose, NEM is an optimal choice.

  • Ethereum price fluctuates seriously. While advanced users can still mine it, serious traders prefect buying the coins. There are two drawbacks, though: 1) high cost of the coin, 2) it’s very hard to predict its fluctuation in the long run.

  • Ripple can serve as a good alternative to NEM: if one investment doesn’t work, another coin is likely to grow in price. Therefore, you can include both XEM and XRP in your portfolio.

Bottom line

After comparing NEM coin vs Ripple vs Ethereum, we can conclude that there’s no certain leader – each of the coins has a lot of potential and can outperform Bitcoin. Investment in XEM and XRP can pay out in the long run, while Ethereum traders should permanently keep tabs on the coin because it’s far from being stable.

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Past-ICO Review: We Be Jammin’ But We Don’t Know the Value Of Our Token

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A platform that offers you rewards for listening to your music on a consolidated platform, but is not listed on CoinMarketCap nor exchanges is very detrimental
Past-ICO Review: We Be Jammin’ But We Don’t Know the Value Of Our Token

A music-playing app that helps you earn crypto rewards as you listen to music. Why didn’t I hear of this earlier, is what you are all probably asking yourselves. The app rewards users for their time streaming music, listening to ad impressions and, of course, sharing the personal data that is collected in the app. The protocol records transactions on the Blockchain that reflect a user’s contribution to the network through consumption, curation or creation of content. Additionally, a smart contract distributes rewards in response to these contributions. Launching initially on the Current platform, the protocol will be open for developers and third-party providers to help expand the ecosystem.

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Financials

Current has raised some $36 mln by Feb. 7, 2018 in their ICO. CoinMarketCap, in a very rare occurrence, does not have CRNT listed. Therefore, it is very hard to provide any feedback or analysis on the token price. At this juncture, it is not even sure on which exchanges the token is available for purchase on.

Who is behind this creation?

Well, it is not apparent on the website who is doing what. Only with some further in-depth research U.Today was able to uncover who is on the team behind Current.

Dan Novaes- Co-Founder, CEO

Novaes is the Co-Founder and CEO of Current Media. An incentive-based media streaming ecosystem. He started his first company at the age of 15 with $1,000 and bootstrapped it up to over $2 mln/year by his freshman year in college.

Nick McEvily- Co-Founder, CPO

McEvily plays a crucial role in start-ups, to assist in creating brands and go-to-market strategies. Whether it is design, development or business strategy, McEvily has managed and directed digital products at all stages of their lifecycle- from concept to market.

Kiran Panesar- Co-Founder, CTO

Panesar is a software developer and engineering leader based in Chicago. He has a passion for startups and building large-scale technical products.

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What’s the app? What’s the reward?

Current provides a more efficient discovery and search experience to over 160,000 users by consolidating popular media networks into a single place. Users will be compensated for streaming content from the systems that they love such as SoundCloud, Spotify, YouTube, etc. through the release of CRNC. Every individuals’ behavioral data points surrounding the topics, types, and times played across different networks will be combined to serve up better recommendations compared to any single system.

Final thoughts

Current seems like a great platform, but it is a bit strange that they are not listed on CoinMarketCap. While looking around the website, it is missing a lot of information, such as, who is on the team, what is the roadmap, etc. The app appears to work, based on other reviews. But it was disconcerting that they did not respond to emails asking for more information and interviews.

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Tron Price Prediction - How Much Will be TRX Value in 2018\20\25?

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What makes Tron one of top 10 cryptocurrencies today? Let’s find whether it’s worth investing
Tron Price Prediction - How Much Will be TRX Value in 2018\20\25?

The market of cryptocurrency has exploded in 2017 when all major cryptocurrencies gained 1,000 percent and more in price. The world is continuing going digital, and thousands of altcoins pop up here and there. One of the top 15 global currencies is Tron (TRX), and it is slowly gaining authority in the crypto community. What makes this cryptocurrency special, and what is Tron cryptocurrency prediction for the following years? If you’ve been in the dark about this currency, it’s time to get essential information.

What is Tron (TRX)?

Tron is the creation of 26-years-old Justin Sun, a Chinese student who previously worked for Ripple (RPX). This currency was designed to change the way major websites and platforms publish and use the content. Besides, it facilitates sharing of content in the Net eliminating the need of major content providers, such as YouTube or Facebook. Therefore, Tron would be useful for artists, musicians, creatives, and people alike.

To get a better understanding of Tron advantages, read these fast facts:

  • Tron is one of the most profitable crypto coins

  • It’s the 10th largest coin on the market

  • It enjoys a high trade volume

  • It is trusted by a lot of crypto community investors

  • it’s based on Ethereum and soon will become an independent Blockchain.

Tron is based on a different Blockchain than Bitcoin. Let’s highlight their key differences:

Bitcoin

Tron

Uses proof-of-work consensus mechanism

Uses proof-of-stake consensus mechanism

Processes seven transactions per seconds

Processes 1,500 transactions per seconds

Block production time– 10 minutes

Block production time– 15 seconds

Time of confirmation– six blocks

Time of confirmation– one block

Uses Elliptic Curve Algorithm for wallets

Uses Lamport Algorithm for wallets

Wallet trading platform - PC

Wallet trading platform - mobile

Tron in numbers

In 2017, TRX Tron price prediction wasn’t simply justified– no one suspected the coin to perform so well. The results were very progressive. So, what do we have now?

In January 2018, Tron was worth $0.049, and the market cap was estimated at $3,221,003,949. It was also valued at $0.25 with an unimaginable market cap of $16,752,047,709. This is a huge growth that can be compared with rising of Bitcoin and Ripple. Today (July 2nd, 2018), one TRX is worth $0.037, which isn’t as much as the community has expected, but some changes are coming– we’ll mention it later.

Let’s find out what is Tron price prediction for the following years.

Tron price prediction 2018

The first Tron prediction 2018 was not justified. This is what the predictions looked like:

Tron price prediction 2018

Let’s remember– the current price of TRX is $0.037, although it was supposed to have risen to $0.23-$0.4 already. According to investingpr.com, it will rise to $1 within only five years – that seems to be a realistic Tron price prediction. Note that the circulating amount of TRX coins is already 65,748,192,475, and it will only increase– that’s the factor that keeps Tron from growing. But while more and more developers start implementing the platform, it becomes more appreciated.

According to Tron coin price prediction 2018 from WalletInvestor, the currency is going to reach $0.1 within a year. Let’s face the truth: 2018 isn’t the most favorable year for this coin, and the fact that it has emerged from Ethereum is what makes it controversial. However, 2018 is a good period for making long-term investments. If you’re ready to wait for a few years– this is your chance. While Tron 2018 prediction isn’t as bright as we expect, this blockchain is only at the beginning of its way to success.

Theoretically, in 2019, the current Tron prediction can become true: as it gets more investors from major payment platforms and provider such as PayPal, it can gain in value considerably. The ending of 2019 may be great, as well, with TRX reaching around $1.5 per coin.

Tron price prediction 2020

Generally, Tron coin prediction 2020 is optimistic. Due to its technological supremacy, it can hit the Litecoin and take its place. It may also be conditioned by the fact that it may get more investors from big companies. Many investors are already interested in TRX right now seeing that it’s more cost-efficient than its competitors. Therefore, the most adequate Tron prediction 2020 would be some $2 and more, though some resources give more positive forecasts.

Optimistic TRX price prediction 2020

Long-term Tron TRX price prediction

What will happen within the next seven years? No one can answer this question for sure. According to the most realistic forecasts, TRX can climb to some $0.4 - $1.7, though Facebook claims it can grow to $31. It’s not likely that Tron can surpass Bitcoin– all in all, it’s based on a different Blockchain and serves for different purposes. Therefore, TRX is appealing only to some certain circle of investors.

What Tron coin prediction depends on?

As we’ve already mentioned, Tron coin price prediction is defined by several factors, including:

  1. Overall token supply. It’s already 65 bln, and this number is expected to grow (by 2050, all 100 bln coins will be issued). Such a huge number of coins devalues them.

  2. Implementation of Tron. Tron TRX prediction directly depends on the level of its implementation. As soon as large companies start implementing this cryptocurrency, it will become way more valuable. At the moment, it’s widely present on the cryptocurrency market but is not widely used by startups involved in creative content publishing.

  3. Tron becoming an independent platform. Right now, Ethereum casts a huge shade on Tron authority. As soon as creators reach the new level of development and make TRX independent, we can witness its popularization.

Bottom Line

According to realistic price prediction, Tron won’t hit the benchmark of $1 soon– it needs time for evolvement and development. This is a nice investment opportunity for those who are ready to wait. So if you have nothing to lose now, and you have enough patience, it’s time to buy a few thousand TRX right now.

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Сheck daily our Instagram: cryptosharq,

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SingUlarity Darryn Pollock

What is Noiseless Marketing and How Blockchain Helps Products With Real Value

SingUlarity
Marketing is evolving to a point where it is becoming noiseless, it is getting back to its roots, and the value of the product wills out
What is Noiseless Marketing and How Blockchain Helps Products With Real Value

Marketing is a major factor in every single business and every single market, and plays a huge role in the success or failure of products and services. As such, it is a dynamic and ever-evolving space that is filled with competition and cut-throat ambition.

Marketing has also been driven by technology and with that, the likes of Above the Line marketing have come to the fore and become very much a part of the mass media. With that space growing exponentially, it has been a massive fight for those marketers to push theirs above the line agenda.

Above the Line at its peak

But, big Above the Line marketing, in a competitive environment, has meant that the marketing is more important than the product.

Marketing has entered a space where the product is secondary, and the fine margins between a good and great product can be determined more about how they are marketed.

But as times have begun changing, and even technology shifting, there is a change in the wind for marketers as well. Marketing differentiators have shifted to Below the Line to try and prove their products worth, but now, there is a layer even lower than that needs to be figured out.

People have started to grow tired with flashy Above the Line marketing and are more intent on knowing what their fellow users think. Communities are forming and their power is being felt, more so, communities are also becoming transparent thanks to technology like Blockchain.

Companies can't press the communities with the perceived value anymore. The information spreads from one community member to another, and hence the need for noiseless marketing.

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Below the Line

The popularization of mass media and things like television, radio, and other such platforms for Above the Line marketing saw a boom in advertising for products and services, applying to a mass market.

People were convinced that certain products were a must have and that they were superior to other competitors, simply because they had a bigger advertising budget and could push a perceived value down people’s throats.

As marketing helped consumerism boom, so it exponentially made the product market and the advertising market that much more competitive. The barrier to entry for people creating a range of products was far less, and the market became flooded for choice in different products.

The only way to really differentiate oneself from the competitor was through advertising. The value being advertised or spurted through marketing was not necessary as high as it stated, but it was perceived that way.

Above the Line was soon being challenged as the market was no longer faceless and voiceless. Suddenly, through the Internet and social media, the customers could speak out and interact with the product creators. They had a voice, and it became just as important to advertise Below the Line again.

Below the Line advertising allowed the products to demonstrate themselves, put other marketing spins on, and try and add extra value rather than forcing a perceived value. The customers would no longer lap up everything that was said, and they could see the value and would let others know where that value began and ended.

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The new horizon

Still, as marketing continued to move with the times, social media and the Internet was used as a tool, and the perceived value of things was also manipulated through marketing. Ratings, star reviews and other forms of comments are easily forged, and so, the market differentiator may have shifted, but the products were still being defined by new forms of internet marketing.

Marketing's reputation has become sleazy and the perception is that every advert or marketing strategy is trying to get the most out with the least in. People are no longer falling for it.

This has led to what is seen as a new standard in marketing that can be considered “noiseless marketing.”

Noiseless marketing is essentially letting the product do the talking, and not wasting people’s time with unnecessary fluff on trying to push a product.

Silent marketing rather listens than shouts, and takes in what is needed by being intuitive, and creating exactly what is wanted.

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Community transparency

As new technology comes forward, such as Blockchain, marketers again have to adjust, just like they did to television and the Internet. The thing is, with Blockchain, the steps in marketing are already being made with this phenomenon of noiseless marketing.

Blockchain supports the idea of community transparency and the relationships and connections of real trust. Companies willing to market their product will have to offer something of real value, invest less in marketing as it will be of much lesser use than it is today.

Trust is the ultimate catalyst for any community. There are projects like U°Community that build a transparent community platform with dynamic reputation. Users could create content, interact with people, direct their own communities, run businesses, and even build dApps without having to leave the ecosystem.

Communities that are formed in Blockchain will be the judge, jury and executioner of a product, and they will not be spoken to through marketing to be swayed one way or another. The trustless and transparent nature of the Blockchain and the communities present on it will also make it difficult for marketing to get around this core.

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A Blockchain way of life

The creation of Bitcoin and Blockchain came out of a changing in global sentiment to move away from corporations and centralized control. It is Blockchain and its decentralized nature that is so important and tempting for the new generation.

In this way, noiseless marketing is also a reaction to a desire to be less reliant on centralized authorities- this time in advertising. Blockchain is the means on which a global desire can be played out, and down the line it will be the end of centralized control over the population.

To this end, noiseless marketing needs to become the future. Although it will be tough and a lot of players will become extinct, the ones with value will win. And the community will only win too.

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David is trying to disrupt the Goliath’s $4 trln-dollar shipping industry, with a tech upgrade. But the platform has not launched yet
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ShipChain is a Blockchain-based technology that wants to disrupt the trillion-dollar shipping industry, a time-honored and revered industry going all the way back to the seafaring empires of late.

Despite the great reverence that abounds in the shipping industry, the logistics the ties the shipments together is still old world, with paper contracts, bills of lading, and general stacks of paperwork.

ShipChain wants to bring the shipping industry up to date with IT-based technologies, smart contracts and the SHIP utility token to drive the system.

Financials

ShipChain (SHIP) ran a utility token sale on Jan. 6, 2018, where it was able to raise some $30 mln in funding with token prices at $0.34 per token during the sale.

Token entry into open markets took place on March 10th 2018, with an initial price of $0.27 per token. SHIP immediately plummeted to $0.10 per token by March 23rd before edging up again to a high of $0.23 by April 23rd before falling again back down to the current price, at time of writing, of $0.02 per token.

CoinMarketCap ranks ShipChain at 506 with a total market cap at only $5.5 mln, the drastic fall in token price is to blame for such a low market valuation. Daily trade volumes are just below $1,500.

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Captain and crew

John Monarch- CEO & Cofounder

Monarch is the founder and CEO of Direct Outbound, one of the fastest growing fulfillment/3PL companies in the country, and one of the largest in Southeast US.

He is intimately familiar with the logistics industry in all aspects, from postal logistics and parcel private carriers to air, sea, and intermodal land freight.

Sam Rusani- Chief Revenue Officer

As a serial entrepreneur, Blockchain advocate/investor, and talent manager, Rusani has worked with some of the biggest brands in the world, such as Sony, Fender, Virgin, Universal Music, Ogilvy, Heineken, VISA and Mercedes.

He has also advised international companies and negotiated trade deals on their behalf.

Magnus Dufwa- Lead Developer

Dufwa is a senior C#, SQL, and Solidity developer, with over 18 years of experience developing enterprise projects.

He has built and managed financial processing systems that handle more than four mln transactions per year and developed smart contracts for ad auction projects and ICOs.

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Technology

ShipChain uses ERC20 to base its Blockchain and smart contracts and there are two Blockchains, one is the main chain which stores shipment delivery and confirmation as well as, completed contracts.

On the secondary or sidechain, information about loads, geo waypoints and other shipping information is recorded and publicly validated on the sidechain.

In an interview published on the company blog, Monarch state that “ Our goal is to launch the ShipChain portal/platform either late Q4 or early Q1 next year.” He continued, “Right now our team is focused on our enterprise partners and pilot programs.

Our Director of Product Management is heavily involved in every pilot program we are running.

The C-Suite is in close communication with partners to ensure that everything is up to expectations, and to help guide the entire process to fit the ShipChain vision.”

Time will tell

Again, it may be too early to tell how this company will fare as the mainnet and the main platform is not operational yet.

While the solutions that ShipChain offers are unique and challenges the behemoth shipping industry, there is no solid evidence that the company will be successful with its endeavors at this juncture, taking token price alone into account and it does not look good with a flatlining token.

ShipCoin was not available to comment on the company’s current financial situation.

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