This is the second part of the Coin World Story feature on newly listed cryptocurrencies on CoinMarketCap. As stated earlier on, as a responsible media outlet we are interested in helping the global Crypto community to know about new entrants so that they can get familiar with them and avoid falling victims to scam coins and tokens.
Dascoin (DASC)
This altcoin was supposedly created from a hard fork of BitShares using the open source code of Graphene. Per its creators account, they are set out to put right what they believe to be the flaws with the initial wave of cryptocurrencies, namely: Design, distribution and development.
Michael Mathias, CEO of Dascoin highlighted that the distribution model is such that it was created to build a community of known and trusted entities and individuals that would form the basis of the initial distribution of the coins. He asserts their “Strong governance model and stringent entry requirements ensure that everyone within the network is authenticated and it embeds trust into the heart of the system.”
The CEO believes in less than a decade, Dascoin will attract significant interest from businesses wanting to launch their applications on their blockchain. Furthermore, DasCoin will be well established in the global banking and payments networks.
Every Crypto thrives with the community behind it, and this is the message Mathias had for Dascoin holders:
“DasCoin has been developed to deliver long-term value. We don’t believe in a quick fix or a highly speculative gamble. We have set about creating an eco-system that will help to propel the future of money and commerce and those that want to make forward strides towards a more equitable, decentralised economy that favours innovation and progress.”
IoTeX (IOTX)
IoTeX is an auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT). Its owners claim they are developing several in-house innovations to push the frontier of blockchain 3.0, including a blockchains-in-blockchain architecture for heterogeneous computing, lightning fast Roll-DPoS consensus mechanism, and lightweight privacy-preserving techniques.
In an interview with CWS, Larry Pang, Growth & Business Development Manager of the project indicated that IoTeX is bringing autonomous device coordination to the masses by connecting the physical world, block by block. “Despite its rapid evolution, IoT is still far from achieving mass adoption and lacks “killer applications” that would draw new users to the ecosystem, due to issues such as low scalability, high operating costs, privacy concerns, and a lack of functional values,” Pang added.
Their focus is tackling these problems by combining crypto-economic incentives with a blockchain platform from scratch, tailor fit for IoT. The ultimate vision is to serve as the underlying infrastructure for all IoT devices and to truly enable machine-to-machine interaction and autonomous device coordination in the nearest future.
Pang had this message for the IoTeX community:
“IoTeX is working on similar problems/innovations as other blockchain platforms; however, all design decisions (e.g., not sacrificing privacy) are made thoughtfully with the future in mind. Until then, you can learn more about our vision and innovations in our white paper and website.”
NPER (NPER)
The architects of the NPER project utilizes the blockchain to enforce transparency and record Intellectual Property ownership and license through a public ledger. According to Samuel Nam, CEO and Co-founder of the NPER network, Information on ownership and license will be contained in blocks so that anyone can track and manage IP transactions with ease.
He says this Blockchain technology allows smart contract to automatically activate the payment or ownership transfer of trademarks, copyrights and patents which reduces the risks of legal conflicts or economic loss. “Based on a community-driven IP ecosystem achieved by community involvement, it allows participants to earn IP loyalty airdrop for voting and participating in the future of intellectual property,” she stressed.
Their goal is to create a global standard for global IP Database, evaluation, and Smart contracts in the next five years. This, they believe, will eventually lead to a peer to peer IP trading platform in the world attracting thousands of participants who literally trade valuable Intellectual Properties.
To the NPER community, Nam had this to say:
“The IP industry is a prominent market with limitless potentials. NPER will standardize this area with leading technology and business models. Stay tuned, just HODL, and you will encounter the future of decentralized Intellectual Property market with NPER for sure.”
insurChain (INSUR)
The brains behind Insurchain is of the view that, today’s insurance industry is old-fashioned and laden with high administration cost, ineffective legacy system, fraud claims and complicated policy terms. The team is therefore convinced they are poised to disrupt this huge market using the Blockchain with Delegated Proof of Stake (DPOS) as the consensus algorithm.
Speaking to CWS, Spokesperson of the Project, Zarc explained the system employs Smart Contracts to record users’ policy terms on the blockchain introducing a third party oracle to monitor relevant data and once the agreed term is met, like a flight delay, claims will be automatically processed and policyholders will be paid. “Sandbox network nodes shall provide the computing environment for the system and INSUR as incentives so as to encourage more parties joining the cooperative trusted computing to enable smart contracts to generate more values through cooperative working,” Zarc pointed out.
The Singapore based entity’s expectation in the next five years is to build a stable user base and partner with insurers around the world to offer better services for users. It is their vision to make INSUR a universal currency for the global insurance market.
When asked to say something to the InsurChain community, this was his response:
Image Source : Coinmarketcap.com
“I believe most of our token holders are more interested in the price of INSUR. The price is under turbulence in recent times. But we are confident it will pay out in the years to come. I think keeping positions and holding still will be a great strategy for our investors.”
