This analysis was originally written on 7 January 2018 in Hungarian.
What is Ethos?
Ethos (earlier called Bitquence) is an universal mobil wallet that paves the way for crypto enthusiasts, traders, investors to manage their portfolio quickly and easily in one place. With Ethos’ wallet, you will have the chance to store, trade and exchange every single cryptocurrency within seconds! No need to explain why it’s a huge innovation! Today, for example if you have 100 UTK and you want to exchange it to ETHOS, there aren’t any single platform where you can do that easily. In order to achieve that, you need to transfer your UTK from your wallet to an exchange where UTK is tradable. There you need to buy ETH with your UTK, then send your ETH to another exchange where ETHOS is listed and there buy ETHOS for ETH. Through this process, you have to pay transanction fees, register more and more platform and bear in your mind where the hell do you find your money – not an easy and not a very cost-effective solution.
Let’s examine the advantages from a closer perspective.
We can differentiate three functions:
1. Universal wallet.
2. Diversification
3. Social Investment Network
Advantages
It is going to be the very first platform where you can buy cryptocurrencies with fiat money, you can store your coins, and exchange them to every other altcoins at the same time. It’s undoubtedly a marketable, innovative and pioneer solution reflecting a real problem that every crypto traders have to face.
Red flags
There aren’t any roadmap, the universal wallet will be presented in April 2018 expectedly that is quite a long time and lack of roadmap does not increase the trust in the project.
Main competitors
Eidoo, Bread, Blockport.
Price and exchanges
More and more analysts think that Ethos coin has a great potential and a huge long term growth possibility. ICO price was 5 cent, after hitting the exchanges the coin’s ATH has been 10USD! We think Ethos will produce an 1000x growth compared to the ICO price this year. The coin is tradable at the moment on Binance, Hitbtc, CoinExchange, LiveCoin, EtherDelta.
Team
Shingo Lavine – Founder, CEO. He’s only 19, but highly popular and widely recognized in the crypto/blockchain world. He succesfully built up two companies by now. Stephen Corliss – CSO He’s a real badass in the world of stock markets. He ran several Wall Street companies, among others Merril Lynch. More info on the team: https://www.ethos.io/team/
Basic project information as of date 7 January 2018
