Hello my fellow steemitians! How are you feeling when most coins are in green zone? How long will they be in green? Anyway it’s is a good time to take a look at new projects added to CMC recently. It has been some time since I reviewed new projects. Today we will look at 3 tokens with highest trading volume out of added in past 2 days.

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Before we go any further, I want to remind you this article is not a financial advice. I’m not a financial advisor of any kind. The article was created for solely entertainment purpose.

PCHAIN (PAI)

Coinmarketcap | Website

PCHAIN is a multichain system that supports Ethereum Virtual Machine (EVM), which consists of one main chain and multiple derived chains. According to website it uses POS based multi layer sharding mechanism and smart contracts of PCHAIN can be invoked with other nonnative Tokens (BCH, ERC20). Well, at least it looks interesting.

• Has a good 24h trade volume of $9 709 400. It is listed in several (small) exchanges: Bibox, IDEX, Hotbit and DDEX.
• I don’t really like how their twitter account is managed. Yet it gives some interesting information about listings and conferences. The account has only 7k followers.
• Website is too simple. Ambitious project should have a better one. Can’t say that it is really informative.
• Telegram has 18k members. The discussion is mostly focused on the price.
• According to ICODrops, the project has raised it’s hard cap of $26m. Has a good rate of interest. It seems it made more that 3x after the ICO.
• I don’t see official thread on bitcointalk. There are only small (1-2 page) threads. It doesn’t look like bitcointalk users show interest for this project. They had an airdrop, but I am not sure how many tokens were dropped. It seems it doesn’t affects the price currently.

The project looks interesting. Website lists a lot of “partners”. As we know most of partnerships are usually fake, so it’s hard to trust partnerships anymore. The project has interesting ideas, but how many of them will be implemented? So far they have many plans, not advantages. At the same time the project has a nice volume on small exchanges. If it is not fake, the project may do well upon listing on a large one.

QuarkChain (QKC)

Coinmarketcap | Website

QuarkChain is a high-throughput blockchain that aims to achieve millions of transactions per second (TPS). Sharding technology will be used to achieve this. A great goal indeed. Many projects aim to do so, no one succeeded.

• QuarkChain spent a lot of raised funds to get listed on top exchanges: Binance, Gate.io, Kucoin and some smaller ones. It has achieved a great volume of $38 514 900. At peak its price was 13 times higher than on ICO.
• Twitter is ok and has 19k followers. Yet I’ve expected to see conference participations as blockchain aim for tech breakthrough in transaction speed.
• Website still has token sale announcement… The has a couple days to update it yet they didn’t. I don’t like it at all.
• Telegram has 79k members. Currently discussion is mostly focused on recent events with pump.
• According to ICODrops, it reached hard cap of $20m. Token sale ended 3 days ago and the token is already on so many large exchanges. Current price is 10x against token sale.
• Bitcointalk thread has only 5 pages of discussion. It had a bounty (content creation). Not sure how many tokens were distributed.

The project looks very ambitious on the first sight. On the second thought, it looks like a trap for crypto hamsters. There are several red flags for me:

• They promise 1m tx/s. At the same time currently on their test net they have 2279 tx/s. And this is test net that should work faster than production environment.
• On their website they compare their speed with BTC and ETH. Like seriously!? Comparing high-speed project with relatively slow blockchains?
• Exchanges listing look suspicious. It looks like they’ve spent a ton of money for listings. According to some bitcointalk users (not sure if the information is true) only Binance cost them $5m, which is 25% of raised money! So they are spending money they’ve raised for development on listings while their development is on initial stage 9as they are not even close to 1m transactions). Looks like a scam technique to get quick money for the team.
• Even if the project is good, it is not the right time to buy. Token has experienced a huge pump. Huge pumps are usually followed by huge dumps.

Bankera (BNK)

Coinmarketcap | Website

Bankera is basically another bank on blockchain. It aims to support traditional services: payments, loans and deposits. I personally think that existing bank will adopt crypto at some point. At the same time pure cryptocurrency banks can exist too.

• Has a good trading volume of $2 305 260 and is listed on a single exchange HitBTC.
• Twitter account has 25k followers.
• Website is nothing special, yet it explains the project and roadmap. I would say it is 3 out of 5. Haven’t found “contacts” information.
• Announcement channel on telegram has 20k members.
• Has a low rating of 3.4 on ICObench. Still it raised $150,949,194 according to ICODrops (70% of hard cap). This is a huge sum of money for an ICO and maybe a small one for a bank.
• Has 184 pages of discussion on bitcointalk. There are a lot of negative comments. Had a twitter bounty.

The project has raised an impressive sum during the token sale. It has a lot of attention. Yet it’s hard to predict the future of banking projects on blockchain. I will not watch this project just because I’m not interested in more banks.

Disclaimer

I’m not a financial of any kind. I encourage you to check all information yourself and make decision only based on your own opinion. All articles are created for solely entertainment purpose.

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