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Past-ICO Review: CPChain

  • Eric Eissler
    ⭐ Features

    IoT is hot and growing industry, but this token’s offerings are far from special, in fact, it appears not to serve much of a purpose


Past-ICO Review: CPChain
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Cyber Physical Chain, in case you are wondering what CP stands for, wants to be the new killer app for the Internet of Things (IoT) in China and abroad. According to their website, “CPChain is a new distributed infrastructure for next-generation IoT. CPChain intends to build a fundamental data platform for IoT system in combination with distributed storage, encryption computation and Blockchain technologies, providing the whole process solution from data acquisition, storage, sharing to application.”

Financials

CPChain ran an ICO for what appears to be one day on Jan. 24, 2018, where it raised $30 mln. The initial token entry price was $0.32 on Jan. 30. At the start, the token price was rather volatile with many ups and downs within the first seven days of trading. After the seventh day, the token price fell to a low, where it continued downwards to the current price, at the time of writing of $0.037. The market cap is still a healthy $14.3 mln and the circulating supply is 376 mln out of a total supply of one token shy of one bln.

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Team

The team does not have profiles on LinkedIn. The short notes listed about them are taken from CPChains website.

Chengnian Long- CEO & Founder

“Dr. Long is a full professor and has many years of experience in the fields of cyber physical system security, Internet of Things, distributed intelligent system with Blockchain technology. He has published more than 80 papers in internationally renowned journals and conferences, and has more than 10 patents for invention.”

Bin Zhao- Co-Founder & CTO

“Dr. Zhao has more than 12 years research and development experience on communication, Internet of Things and fintech. Extended experience in management of R&D team. He has three patents on inventions in Internet of Things.”

Qingwei Shi - Co-Founder & COO

“Founder of the shared finance and HPB, participated in the preparation and investment of many projects.”

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IoT, Big Data, and more, oh my!

So what is Big Data and IoT all have to do with CPCHain? Well According to the website,

“The core feature of the CPChain is to realize the transmission of the value of cyber-physical systems. The main technology contribution is to propose a systematic scheme to address the scalability and real-time problems of Blockchain technology in IoTs from the perspective of data storage and computation, and consensus protocols, including parallel distributed architecture, two-layer hybrid consensus mechanism and lightweight side chain consensus protocol.” Looking at the roadmap, CPChain is still a ways away from getting its mainnet online, according to roadmap, we can expect a fourth quarter 2018 release of the mainnet. However, full implementation of the system will not be until 2020 if at best.

IoT, IDK

While IoT has a lot of potential, and we are seeing it more and more in industrial applications and at home, CPChain does not seem to offer anything that really sets them apart from the competition, nor anything that is groundbreaking. There is a token, but there are no details of how it will function or what purpose it serves. While the company has potential, there is just nothing that is standing out and it just falls flat.

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Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

  • Yuri Molchan
    ⭐ Features

    Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money


Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?
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Bitcoin, the father cryptocurrency, emerged in hope that it will remove all intermediaries in electronic commerce that cut off their share of payments. BTC was perceived as a P2P way to replace fiat cash in an electronic format, which would enable one party to pay another without any financial institution or payment platform which would demand its share of a transaction as a reward for its services.

What is wrong with Bitcoin

For quite a while Bitcoin was performing the way the crypto community expected. But the situation changed later – BTC rate became weaker, thus bringing down its financial and economic reliability, when it gets to be used as a regular means of payment.


You cannot have a currency that would cost like a British castle today, a gram of gold – tomorrow and a pack of French fries the day after.

At that point practical fintech minds came up with an idea of creating something which would become a breakthrough in the universe of crypto – a so-called stablecoin.

Will stablecoins solve the volatility problem?

Technically, stablecoins are protected from the volatility roller-coaster that Bitcoin and other cryptos love to ride. They are programmed to keep their prices stable and investors now are largely attracted to this new type of digital assets.

Stablecoin does not show any volatility in its monetary value, since it has a fixed connection to an asset it is pegged to. The major goal of using stablecoins is taking the best from decentralized crypto coins and combining it with a constant value. Thanks to it, stablecoins can be used as a reliable means of trade.

Asset-pegged stablecoins

Asset-backed ones get their value from an asset as can be understood from the name. An asset provides the necessary value to a coin, as well as the necessary legitimacy.

A great example of an asset-pegged stablecoin is Tether (USDT). In spite of a series of scandals at the end of last year, it remains the most popular stablecoin in the crypto market.

Recently, it has partnered with the Tron Foundation to launch a Tron-based stablecoin.

Other examples are TrueUSD (TUSD), USD Coin (USDC), the Gemini Dollar (GUSD), and the Paxos Standard (PAX). They are all pegged to the USD.

Crypto-backed stablecoins

Some digital coins work in a similar way to fiat-backed ones, however, they are pegged to collateral crypto. That means that crypto assets that ensure the value of such stablecoins are stored in a wallet similar to escrow.

A good example of a crypto-pegged token is Maker, which is ranked 16 on CMC.

Algorithmic stablecoins

Even though, stablecoin can be interesting at first thought but the way they are built goes against the principle of decentralization that crypto coins have as a foundation. Thus, many crypto fans and evangelists are positive that stablecoins must be linked towards not a centralized asset but a computer algorithm which takes value from a balance between supply and demand.

Basis is now considered the most promising algorithmic stablecoin of all.

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Can stablecoin ensure smooth future for the crypto industry?

The primary goal of all crypto assets was and remains to come up with virtual asset that would be liquid enough and not vulnerable to market volatility. From this point of view, stablecoins are a dream of all crypto fans and evangelists of a decentralized economy.

Apart from the potential to conduct crypto transactions smoothly, experts believe it can bridge the two worlds – fiat and crypto, bringing them a mutually beneficial coexistence. However, that may take time.

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