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Part 1 : Laying The Foundation - Money & Cryptocurrency 18
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What is Money? Really? 02 minLecture1.1
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Properties of Money 01 minLecture1.2
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Quiz 1 2 questionsQuiz1.1
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A short history of Money – Barter 02 minLecture1.3
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Commodity Money & Metal Money 04 minLecture1.4
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IOU Paper Money & The Gold Standard 05 minLecture1.5
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Quiz 2 4 questionsQuiz1.2
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Rise of US Dollar & Fiat Money 03 minLecture1.6
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Dangers of Fiat – Inflation 03 minLecture1.7
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Danger of Fiat – HyperInflation 02 minLecture1.8
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Dangers of Fiat – Govt Control 04 minLecture1.9
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Quiz 3 5 questionsQuiz1.3
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Global Financial Crisis & Birth of Bitcoin 04 minLecture1.10
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Introduction to BlockChain Technology 06 minLecture1.11
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Bitcoin Vs Blockchain 02 minLecture1.12
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Coins Vs Tokens 04 minLecture1.13
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Is Cryptocurrency the Future of Money? 03 minLecture1.14
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Quiz 4 4 questionsQuiz1.4
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Part 2 : Cryptocurrency Categorization 11
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The Greater Fool Theory 04 minLecture2.1
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Understanding BTC Dominance 04 minLecture2.2
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BTC Dominance & Market Trend 07 minLecture2.3
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Categories – Store Of value 02 minLecture2.4
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Categories – Smart Contracts 03 minLecture2.5
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Competing Smart Contracts 03 minLecture2.6
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Categories – Oracles 03 minLecture2.7
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Categories – Payment 03 minLecture2.8
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Categories – Privacy 03 minLecture2.9
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Categories – Exchange 02 minLecture2.10
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Categories – Meme Coins & Scam Coins 05 minLecture2.11
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Become a Crypto Analyst - Mastering Tokenomics 16
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Introduction to Tokenomics 02 minLecture3.1
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Metric 1 : Type 04 minLecture3.2
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Metric 2 : Supply 06 minLecture3.3
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Understanding Cryptocurrency Pricing Model 06 minLecture3.4
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Metric 3 : Allocation and Distribution 05 minLecture3.5
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Exploring Tokens Allocation & Distribution 08 minLecture3.6
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Exploring Blockchains 03 minLecture3.7
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Metric 4 : Emission, Inflation, Vesting 04 minLecture3.8
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Inflation 02 minLecture3.9
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Vesting 04 minLecture3.10
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Metric 5 : Project Real World Use 03 minLecture3.11
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Metric 6 : Utility 02 minLecture3.12
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Metric 7 : Governance 07 minLecture3.13
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Metric 8 : Team 03 minLecture3.14
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Metric 9 : Community 06 minLecture3.15
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Metric 10 : Marketing & Branding 03 minLecture3.16
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Part 3 : Buying and Storing Cryptocurrency 18
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Fair Warning : You are your own Bank! 04 minLecture4.1
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Best Platforms For Buying Cryptocurrency in Africa 07 minLecture4.2
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Best Platform For Buying Cryptocurrency in North America 04 minLecture4.3
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Other Regions : Asia, Europe, Global 06 minLecture4.4
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Overview of Binance Platform 04 minLecture4.5
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Safe Peer to Peer (P2P) Transaction 14 minLecture4.6
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Business Opportunity in P2P 03 minLecture4.7
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Storing Your Crypto Assets : Keys 03 minLecture4.8
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Hot and Cold Wallets 03 minLecture4.9
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Who is in CUSTODY of your Wallet? 02 minLecture4.10
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Wallet Type 1 – Least Secure 04 minLecture4.11
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Demo – Using an Online Multi-Currency Wallet 02 minLecture4.12
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Wallet Type 2 – Popular 03 minLecture4.13
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Demo – Exodus Usage & Security 09 minLecture4.14
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Demo – Trust Wallet Security Protocols 07 minLecture4.15
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Demo – Atomic vs Trust vs Exodus 03 minLecture4.16
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Wallet Type 3 – Very Secure 02 minLecture4.17
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Wallet Type 4 – Ultra Secure 03 minLecture4.18
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Part 4 : DEFI - Decentralized Finance 10
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What is DEFI? Bringing Banking Services to Everyone 02 minLecture5.1
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Advantages of DEFI – The Future Of Financial Services 03 minLecture5.2
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DEFI Risk Factors To Consider 03 minLecture5.3
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Liquidity Pools 01 minLecture5.4
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Impermanent Loss 01 minLecture5.5
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Lending & Borrowing Protocols 04 minLecture5.6
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DEXes 03 minLecture5.7
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Yield Aggregators 02 minLecture5.8
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Decentralized Insurance 01 minLecture5.9
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Decentralized Payment Protocols 05 minLecture5.10
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Creating Wealth Through DEFI 7
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Connecting to DEFI – What is MetaMask? 03 minLecture6.1
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Setting Up Your Metamask Wallet 06 minLecture6.2
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Configure Metamask for Binance Smart Chain 02 minLecture6.3
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DEMO : Become a Lender/Borrower 08 minLecture6.4
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DEMO : Using DEX 08 minLecture6.5
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DEMO : Providing Liquidity 08 minLecture6.6
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DEMO : Yield Farming 05 minLecture6.7
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Part 5 : Building Wealth in Cryptocurrency : The Safer Option 3
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What is DCA? 03 minLecture7.1
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Benefit of DCA 03 minLecture7.2
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Steps to Implementing DCA 03 minLecture7.3
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Faster But More Risky Strategy to Building Great Wealth In Cryptocurrency 8
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What is an ICO? 02 minLecture8.1
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Dangers of ICO 04 minLecture8.2
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Variations of ICO : The IEO 02 minLecture8.3
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Variations of ICO : The IDO 01 minLecture8.4
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ICO Investment Case Studies 06 minLecture8.5
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How to Pick The Right ICO Investments 05 minLecture8.6
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How to Participate in an ICO 05 minLecture8.7
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Treasure Hunt : Where to Discover New ICOs 06 minLecture8.8
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Part 6 NFT - The New Frontier for Creators and Collectors 8
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What is an NFT? 02 minLecture9.1
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Characteristics of NTFs 02 minLecture9.2
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NFT Main Use Case : Digital Artwork 05 minLecture9.3
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Real World Use Case : Real Estate Tokenization 01 minLecture9.4
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Other Use Cases : Virtual Assets & Collectibles 03 minLecture9.5
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Where to Create, Buy or Sell NFTs 05 minLecture9.6
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DEMO : Creating Our NFT Store 07 minLecture9.7
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DEMO : Creating Our First NFT 03 minLecture9.8
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Part 7: Cryptocurrency Trading 10
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Introduction to Cryptocurrency Trading 05 minLecture10.1
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Benefits of Cryptocurrency Trading 05 minLecture10.2
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Dangers of Cryptocurrency Trading 06 minLecture10.3
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The Trading Interface 11 minLecture10.4
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Setting up Your Trade Panel 04 minLecture10.5
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Understanding Candles 03 minLecture10.6
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Trend Trading Strategy 03 minLecture10.7
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Using Technical Indicators 03 minLecture10.8
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Executing Your First Trade 10 minLecture10.9
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Conclusion : Important message! 07 minLecture10.10
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13 Comments
Type – 1(It belongs to Altcoins with bright future)
Supply- 1(Its emission is high but regulated/monitored)
Allocation & Distribution-1(It’s decentralized and any one can become a validator)
Emission, Inflation, Vesting-1(Its inflation can be controlled)
Project Real World-1(As a means of exchange)
Utility-1(It’s a means of exchange)
Governance-0(It’s being monitored by team)
Team-1(Validators being monitored by team)
Commodity -1(Twitter community valid)
Marketing & Branding-1(It’s giving opportunities to people to be shareholders in form of becoming validators. Also, it’s Green Field for investors)
Overall SOL Score-8
Type – 1 It belongs to Altcoins with bright future
Supply- 1 The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market. There are 222,132,939 not yet in circulation. The sypply is not infinite so it is good coin to invest in.
Allocation & Distribution-1 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members and 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market.
Emission, Inflation, Vesting-1 Its inflation can be controlled
Project Real World-1 It is to dedicated making decentralized finance accessible on a larger scale. It is considered to moving strong against Ethereum.
Utility-1 It’s a means of exchange
Governance-0 It’s being monitored by team
Team-1 Has a team headed by Anatoly Yakovenko
Commodity -1 It has a large Twitter following
Marketing & Branding-1 It is managed by the Solana Foundation which can put in lots of money to push into the market.
Overall SOL Score-9. Its a good long term investment
SOLANA RESEARCH PROJECT/BLOCKCHAIN
(1) Type – 1 ( It belongs to Altcoins with a promising future).
(2) Supply – 1 (Its emission is high but it is regulated or monitored).
(3) Allocation and Distribution – 1 ( It has a decentralized blockchain and one can become a validator).
(4) Emission, Inflation and Vesting – 1 ( Its inflation can be controlled)
(5) Project Real World – 1 ( It is a means of exchange).
(6) Utility – 1 ( It is a means of exchange).
(7) Governance – 0 ( It is being monitored by a team).
(8) Team – 1 ( Validators being monitored by a team).
(9) Community – 1 ( Twitter community available and functional).
(10) Marketing and Branding – 1 ( It allows people to become shareholders in form of becoming validators).
Overall SOL Score 9/10.
1) Type – 1(It belongs to Altcoins with bright future)
2) Supply- 1(Its emission is high but regulated/monitored)
3) Allocation & Distribution-1(It’s decentralized and any one can become a validator)
4) Emission, Inflation, Vesting-1(Its inflation can be controlled)
5) Project Real World-1(As a means of exchange)
6) Utility-1(It’s a means of exchange)
7) Governance-0(It’s being monitored by team)
8) Team-1(Validators being monitored by team)
9) Commodity -1(Twitter community valid or by using the white paper)
10) Marketing & Branding-1(It’s giving opportunities to people to be shareholders in form of becoming validators. Also, it’s Green Field for investors)
Overall SOL Score-9
Thanks for the assignment.. It helps in performing analysis independent on anyone.
But I have some questions where it choked me.
1. Type: the Sol coin is a token but I don’t know how to get its rating since its not listed on cryptoratingcouncil.
2. Supply: the token has 55% supply ratio of 276M out of 498M … Does it mean the remaining ones are locked up by developers?
3. Allocation & distribution: it think its premind since 45% of the coin is still not in circulation… If wrong please explain.
4. Emission:is good
Inflation: Sol token increases with time
Vesting: the whitepapper doesn’t contain the vesting graph… How else do I check for it?
5. project use: for exchange
6. Utility: exchange
7. Governance: it is decentralized
8. Team: good
9. Community: 348k followers on Twitter which is somewhat good
10. Marketing and Brand: good also.
I’ll rate it 8%
Please correct me on laces I’m wrong and how to do it properly.. Thanks
Nice try. We’ll come back to SOL later. For now, I want everyone to try the analysis first.
(1) Type: coin……..1
(2) Supply: 2.7b available out of 4.8b…..0
(3) Allocation & distribution: Not evenly
distributed…….0
(4) Emission: ……0
_ Inflation: annual inflation rate of 0.1%
presently……0
_ vesting: Almost at once……0
(5) project real world: scalability……1
(6) Utility: means of exchange……1
(7) Governance: 1
(8) Team: Former apple engr and co…..1
(9) Community: 348,000 followers on twitter…1
(10) Marketing and branding: ……..1
RATING: 7/10
It’s a 50/50 chance
Given the extent that networking effects have on crypto, SOLANA, though with promising future and a proof- of- History system will still find it hard going up against ethereum especially if ethereum can migrate to the PROOF-OF-STAKING early enough.
Metric #1 – Type: Solana (SOL) is a token. According to Kraken’s listing of Solana in June 17 2021, SOL is now considered a securiteis to be invested on in USA, Canada and Australia.
SCORE: 1
Metric #2 – Supply: This token has no max supply but a total supply of 494,519,162. Its circulating supply is 272,637,427.58 SOL. Thus, the market capitalizaion (MC) of SOL is $9,532,878,920 ($34.92 * 272,637,427.58). SOL fully diluted market capilization (FDMC) is $17,282,534,593 (494,519,162*34.84). From this, it is clear that there is a big difference between the MC and FDMC. Therefore, this is not good store of value for now.
SCORE: 0
Metric #3 – Allocation & Distribution: This crypto pre-mined because it is a token. From the analysis, the total supply (494,519,162) is more than the circulating supply (272,637,427.58). This is a pointer that there is a risk involved in the investment of SOL. There are some few individuals that are holding on to the 272,637,427.58 SOL.
SCORE: 0
Metric #4 – Emission, Inflation & Vesting: The Solan ICO that took place in March this year via CoinList showed that the demand of SOL did not out weights its supply.
Thus the emission SCORE: 0
It was reported at Reddit that Solana had inflationary issuance schedule starting out at 8% for the first year and decreasing by 15% until it reaches 1.5% after around 11 years, from which point on it will remain constant. Inflated SOL supply is distributed to those staking (95%) with a small portion going into a treasury to fund development of the Solana ecosystem (5%).
SCORE: 1
The vesting schedule for Solana is quite aggressive. While Team funds will be slowly released over the course of two years, between January 1st and January 7th 2021, all other SOL tokens will be in circulation.
SCORE:1
Metric #5 – Project Real World Use: Solana crypto built apps that scale on its blockchain.
SCORE: 1
Metric #6 – Utility: Solana can be used for small contract.
Metric #7- Governance: Solana is fully decentralized. Although Solana Foundation, a Swiss non-profit organization, owns Solana’s IP, it allows community developers to contribute and provide input on proposed protocol updates.
SCORE: 1
Metric #8 – Team: Solana has 6 current employee profiles, including Operations Consultant to Solana Foundation and Solana Labs Jeffrey Levy, Anatoly Yakovenko
Founder and CEO, Greg Fitzgerald Co-founder and CTO,
SCORE: 1
Metric #9 – Community: It has moderately large community of about 351,038 followers in twitter.
SCORE: 1
Metric #10 – Marketing and Branding: Solana has a powerful brand to build Crypto Apps that Scale.
SCORE: 1
In general, the overall score for SOL crypto is 8. Therefore solana is a good investment.
Great research!
This is what I expect.
Only thing to point out on metric 3, is that SOL is actually a coin, not a token. But your score is still ok, because of the wide disparity btw circulating supply and max supply.
Mr Yinka Tanimowo, you are confirmed a CRYPTO ANALYST
Thank you sir.
Solana creates new technology that enables users to have smart contracts, speedy transactions, and security at the enterprise level. Solana was introduced in 2017, and since then, it has experienced tremendous growth. Solana has a native token called SOL coin that belongs to its blockchain.
Metric 1: Type – Solana is a coin – coins are seen as virtual currencies and that is what Solana is. –score -1
Metric 2 : Supply – Circulating supply – 272,637,428 SOL, Coin Price – $34.26. Max supply of 489 Million. Fully Diluted
MC – 34.26 * 272637428 = 9,340,558,283.28; FDMC – 34.26*489,000,000 = 16,753,140,000 – score – 1
Metric 3: Allocation and Distribution – It is a pre-mined model – it is one that was created before it was open to the public. – score – 0
Metric 4: Emission, Inflation and Vesting –
Emission – Since the coinmarketcap has no max supply, so it has no limit and therefore a small emission will continue forever.
Inflation – Through an on-chain governance process, Solana’s community of validators voted to enable staking rewards and inflation, which are now live. … Solana’s initial inflation rate is 8% annually, decreasing by 15% year-over-year, reaching a long-term fixed inflation rate of 1.5% annually.
Vesting – Requirements
• Simple vesting contract (SVC) that allows you to deposit X SPL tokens that are unlocked to a specified public key at a certain block height/ slot.
• Unlocking works by pushing a permissionless crank on the contract that moves the tokens to the pre-specified address
• Token Address should be derived from https://spl.solana.com/associated-token-account
• ‘Vesting Schedule contract’ – A contract containing an array of the SVC’s that can be used to develop arbitrary vesting schedules.
• Tooling to easily setup vesting schedule contracts
• Recipient address should be modifiable by the owner of the current recipient key
• Implementation should be a rust spl compatible program, plus client side javascript bindings that include a CLI interface. Rust program should be unit tested and fuzzed.
Metric 5: Project Real World Use – Solana is known for its high-performance blockchain which can support 50,000+ TPS without sharding and the many innovations that are created on it. A multitude of tools has already been built as part of the Solana ecosystem. With its partner and characteristics, Solana offers a very attractive value proposition for Decentralized Finance (DeFi) apps. Solana has made immense progress towards interoperability and is already connected to the Ethereum ecosystem. For example Wormhole bridge allows users to transfer value between Ethereum and Solana, turning ERC-20 tokens into Solana’s corresponding SPL standard.. – score – 1
Metric 6: Utility – Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. … It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. – score – 1
Metric 7: Governance – It a decentralized project.
Metric 8: Team – “comprised of pioneering technologists from Qualcomm, Intel, Netscape, and Google”
According to their website (15-10-2020) some of the team members also come from Microsoft, Apple, Twitter, Dropbox, General Catalyst, Omada and Cern.
Anatoly Yakovenko; CEO “Anatoly is the creator of Solana. He led development of operating systems at Qualcomm, distributed systems at Mesosphere, and compression at Dropbox. He holds 2 patents for high performance Operating Systems protocols, was a core kernel developer for BREW which powered every CDMA flip phone (100m+ devices), and led development of tech that made Project Tango (VR/AR) possible on Qualcomm phones.” – score – 1
Metric 9: Community – Solana has a large community. The Solana community is a globally distributed home to developers, token holders, validators, and members supporting the protocol. eg. Telegram, Twitter, You tube and other group of network effect. – score – 1
Metric 10: Marketing and Branding – Solana is the fastest blockchain currently on the market processing transactions in sub-seconds. Additionally, using the Solana blockchain costs considerably less than many other competing blockchains. Solana’s average transaction cost is just $0.00001!
Solana aims to solve the ‘trilemma’ of security, scalability, and decentralization for businesses to scale with blockchain technology. The project has devised eight innovative protocols, each working seamlessly to offer a solution to the aforementioned ‘trilemma’.
According to its website, Solana is built on top of 8 building blocks, which they call ‘innovations’:
1. “Proof of History (PoH); a clock before consensus
2. Tower BFT; a PoH-optimized verson of PBFT
3. Turbine; a block propagation protocol
4. Gulf Stream; mempool-less transaction forwarding protocol
5. Sealevel; world’s first parallel smart contracts run-time
6. Pipeline; transaction processing unit for validation
7. Cloudbreak; horizontally-scaled accounts database
8. Archivers; distributed ledger storage”
Therefore, I will score Solana crypto currency 9 and thereby a place to invest on.
Very detailed research.
I am proud to confirm you -Pastor Emmanuel, as a Crypto Analyst. Welldone
Type – 1 –
Coin with a prospective use case
Supply – 0 –
No maximum supply, and there is wide disparity between the circulating supply and the total
supply
Allocation & Distribution – 0
less than 40% available for the community. If there was half point, I would have given it here, since the remaining 60% are not just in the hands of a few, but a wider range of audience
Emission, Inflation, Vesting – 0
Another possible halve, upside is that coin transaction fees are burnt, downside, the gap in
circulating and total supply gap, not so sure the burning will make up for that gap
Project Real World Use – 1
Swift execution of multiple transactions
Utility – 1 – Payments and support for smart contracts
Governance – 1 – Decisions are reached via voting
Team – 1 Team is too credible, software engineers from dropbox, Qualcom etc.. trackable on social media handles such as linkedin, and github
Community – 1 Already dominant in Asia and gradually cutting across Europe
Marketing & Branding – 1 Ran by a team, this is a strength
Aggregate 8/10