Skepticism and Excitement on the “unlikely” OKCash Call Yesterday October 31st, 2017 If you’ve been paying attention to crypto today, you likely noticed the huge run up that OKCash had on Bittrex. If you dig a little deeper you’ll find that the entire thing appears to be in response to a “report” that was posted on Reddit: (https://www.reddit.com/r/CryptoCurrency/comments/79rsyn/the_next_big_play_for_teeka_tiwari_and_the_palm/) My team and I picked this apart throughout the day because if it’s true, we want to be involved, as it’s clear to anyone who’s been watching that Teeka Tiawari, knows his stuff. However, the more we looked into it, the less convinced we were. Here’s why. Our first thought was, okay, it fits the criteria… But why would Teeka Tiawari, who’s famous for his big predictions on upcoming platforms like Ethereum and NEO, suddenly come out and recommend a community based project that will be focused on The Internet of Things? If you look on the OKCash website, you will not see a “team page”, there is no sign of a CEO, and the main developers are all anonymous. We’ve been following Teeka’s calls for a while now, and are confident that there is NO WAY he would recommend to his 180,000+ subscribers to invest in a coin with that kind of backing. Let me be clear, our intention here is not to bash OKCash. I’m sure it’s got some potential and blockchain + the Internet of Things definitely has a good year coming up. But our interest right now is finding out what coin will be discussed on November 2nd on Teeka’s big webinar and after hours of investigation and discussion, we’re 99.99% certain that OKCash will not be the feature coin that Teeka will be recommending to his huge audience on Nov. 2nd. All this excitement has us very intrigued though, and upon reaching that conclusion, we instantly got to work on finding the actual coin that will be featured on his webinar. Of course, there is no way to know for sure, and we don’t intend to go all-in on some wild speculative guess. But we’re fairly certain we’ve found a tremendously promising candidate. The coin we’re thinking of fits ALL of the same criteria that OKCash fits, but in our estimate, is HEAVILY undervalued and thus is a far more likely candidate for Teeka to select. See below for details. Both of Teeka’s major “bragworthy” calls that he mentions repeatedly on his website have been Dapp Platforms (ETH/NEO). That’s not to suggest that he recommends nothing but platforms, but we see this Webinar as his major coming out party. He’s invested $1,000,000 in a BTC giveaway, just to promote this thing! We believe he’ll be sticking to his big guns (platforms) when this many people are watching, and considering whether or not to buy his $3,000USD subscription. For all of the same reasons, as OKCash the platform we found, fits the bill. We wanted more though, so we dug deep into their website, scoured their White Paper and even looked into the mentions and social trends using the “google trends” app. Take a look at what we found: https://trends.google.com/trends/explore?q=RISE
We noticed a spike in activity on Google in the week leading up to the 25th of October. This spike did not coincide with the big price spike in September of course so it’s curious to see that a few days before Teeka informs the public that he’ll be recommending a new coin, there is a increase in RISE traffic on google. Then it MUST be RISE right? Settle down, that was just an observation. There are a few criteria that we agree, must be met for this coin to fit. We’ve made quick work of those below before we get into the really good stuff about RISE. 1)
Coin must be listed on bittrex.
We agree. He will not be shilling a coin that can’t be accessed by everyone watching his webinar. Most of them will have followed his video to sign up for Bittrex in preparation for this. Many coins are on Bittrex though, so this doesn’t really narrow it down but it’s there, so moving on. 2)
Coin must be oversold on RSI.
Teeka only recommends coins that are oversold on the RSI indicator. RSI for RISE = Oversold
Price is “most likely” hovering on or around $.20 USD on or close to October 25th, 2017.
Below is a list of the historical price snapshots of RISE from Coin Market Cap. You can see that RISE fits the bill perfectly. In fact, for what it’s worth, it appears to fit much better than the price of OKCash at time of his e-mail.
RISE PRICE HISTORY
Oct
25, 2017 0.234612
0.251238 0.216189 0.228657
634,815 26,543,800 Oct
24, 2017 0.219235
0.272653 0.204197 0.234300
945,916 24,804,100 Oct
23, 2017 0.227841
0.238389 0.191350 0.219132
426,649 25,777,700
OKCash PRICE HISTORY
Oct
25, 2017 0.18301
0.231807 0.169101 0.209770
1,695,56 13,373,900 Oct
24, 2017 0.15667
0.198007 0.152271 0.181259
770,814 11,448,000 Oct
23, 2017 0.18276
0.182835 0.155422 0.155823
359,016 13,353,400
Okay so we know it COULD be RISE at this point. It fits the criteria for this speculative investigation. Now we get into the interesting stuff we learned about RISE that made us very excited. As of this writing, we’ve determined that aside from Teeka’s big Webinar, RISE is quite possibly the most undervalued
platform
in the crypto space. Our main concern with new platforms is that there are already a number of successful ones out there, who were first to market. However, as you’ll read below, Rise is doing a number of things differently that we believe give it the potential to be the next BIG thing in crypto. Millions of people and thousands of businesses are going to be pouring into crypto in 2018, and we think Rise will be offering them more than most. We think Teeka likely sees this too.
Rise Overview: A fork of Lisk with many notable improvements
Rise (RISE) is a lisk-based currency and distributed decentralized application platform emphasizing security and ease of use. The team is currently led by Cormac Lucking (aka Alty), the founder of Cloakcoin and previous Project Manger of Mintcoin, Steven Remington (aka Scifi.rem), and Frank Thijssen (aka McVenture). The initial RISE development was outsourced to Don't Panic Consulting Inc. out of Lewiston, Maine, during 2016. However, development progress during the year was significantly slower than hoped for and the community began to lose confidence in the project. That loss of confidence was also shared by both Cormac and Steven. In February 2017, Rise announced Don't Panic Consulting Inc. was no longer working on development of the project, and Cormac and Steven were taking over.
Aim:
Proof of Stake
system
Initiatives to Increase Platform Adoption:
that
respect.
What Rise has to Offer:
GUI Smart Contract and Dapp Builders will enable anyone to build Smart Contract and Dapps, greatly reducing Time to Market, and increasing the number of people who can build apps for the Rise platform Investors are entitled to 20% of tokens that use Rise platform. Seriously? Let’s rephrase that just so we’re clear. ALL businesses/projects/developers who choose to build on the Rise platform, will pay for it’s use by reserving 20% of their created tokens for Rise. ALL of these tokens will then be given out to the holders of Rise tokens. Seems kind of unbelievable, but see below:
High transparency with development status and weekly update in form of newsletter:
As we all know, communication from team is key in Crypto, and a lack of communication can kill a project’s value and public opinion. What we’ve found tells us that Rise is doing everything right in this aspect. https://rise.vision/index.php/overview/development/status-page
Technological Advantages:
This is exactly what makes Rise stand out, its technology. Rise uses a Shift-Ark hybrid which is the code from the
Shift
and
Ark
project. Some people may think Rise is just a clone but it isn’t. Rise takes the best features from Shift and Ark and makes its own unique features that are not offered in other systems. Rise goes above and beyond “just another Dapp creation platform” by working on the mobile side, creating a mobile app store for blockchain.
Opportunities for Passive Income:
We’ve noticed that over the last few months, interest in the Proof of Stake (PoS) system has been growing rapidly. There is no better feeling than watching your coins grow, not only in value, but in overall quantity. Rise’ PoS system gives token holders an opportunity to do just that!
Rise Resource Billing System Explained -
Rise Node owners will be able to monetize the hosting of Dapps on their Nodes using the Rise Resource Billing System. This system will be built into the Rise Dapp Store and allows billing for the use of system resources by Dapps hosted on the Rise Node.
Resources that can be billed for are:
First two projects being launched on the Rise platform:
Interlet
is a direct competitor to vacation rental services like AirBnB. Interlet is distributing 20% of their tokens to RISE holders.
Chipz
is a fully operational online casino working together with an established company providing software to casinos right now. As with Interlet, Chipz will also be distributing 20% of their tokens to RISE holders.
Conclusion:
What can I say, I’m actually blown away that this coin is still under $.30 with a market cap of only ($28,000,000) as of this writing. We believe that everything about this coin looks promising going into the extended crypto boom of 2018. It also happens to fit the criteria for a hot pick recommendation for Teeka Tiawari’s upcoming Webinar, which at this point, just feels like icing on the cake. We’re confident in our decision to invest heavily in this project and wrote up this report to share our findings with the world. This coin is still a 400%+ Rise away from its all time high of just 1.5 months ago. At the time of this writing there is some growing price action on Rise as we’ve also noticed it’s been mentioned on twitter in a few places as a possible PBG target. Volume is still relatively low at the moment though and we believe that anything under 10k satoshi’s will look like an absolute steal in under 6 months. Quite possibly much sooner if our conclusions are correct. Either way, enjoy the many rewards that come with holding Rise tokens! Our humble recommendation is that you not let this opportunity pass you by! However, due to the volatile nature of the cryptocurrency market, we also encourage you to do your own research (DYOR) and come to a conclusion you feel comfortable with. This is no doubt, a great starting point to that end. If you feel you’ve benefited from reading this and appreciate the hours of research we put into this analysis, please feel free to send modest BTC/ETH donations to the addresses that are listed below. We’ve also listed them in the Primary Reddit post where this article is being share to allow you to confirm that the addresses have not been doctored or changed by someone who wants to scam us by replacing them and reposting. ETH: 0xB502D27e023C652746B940283000D09eD521f0A8 BTC: 3GjEeCfvUwF3jSjq3eJdBDWn95HNsz8bPC
