Hey guys,
There’s a coin that’s been flying under the radar for months and I feel it’s time to let the cat out of the bag. I’ve seen very few posts about this coin before and they never get the time of day, so I would like to grab you attention for a few minutes. The coin in question is Solaris (XLR).
FEATURES:
SUPPLY:
Circulating: 1,008,970; Total: 1,158,671; Cumulative MN Collateral: 628,000 (More than 62% of the circulating supply is as MN collateral!)
The supply is infinite HOWEVER it will take ~65 years for a supply of 10 million to be reached, making it far from hyperinflationary.
Currently, PoW and MNs are securing the blockchain, but at block 259,201 this will change to PoS and MNs. Seesaw rewards will be implemented to dynamically adjust block reward size to promote an even rewards ratio between staking nodes and MNs. Solaris uses the XEVAN algorithm which is ASIC resistant and non-rentable (promotes decentralization).
There are currently 628 MNs, up from 177 on 29 Oct 2017. Even through the 2 major corrections this coin has seen the number of MNs did not drop, to me this indicates great interest in this coin. See MN ROI and other statistics here: https://masternodes.online/currencies/XLR/
The dev team are also working on a decentralized exchange (DEX) where masternode holders will receive shares of the income generated from trading fees. Just today they released a preview of their interface in the telegram group and are seeking feedback. Although they would like to remain anonymous, they have maintained strong communication with the community and are very transparent. They have also been very prompt at releasing updates and provide thorough guides on how to setup and update a MN. The desktop wallet is also very easy to use and has a great function to “trim” your MN earnings without disturbing the 1,000 XLR collateral needed to run the MN. They will also be updating their logo soon after a community competition of logos recently closed.
If you look at the chart you can see that Solaris had a huge spike between 1st Jan and 12th Jan. Aside from the huge inflow of capital the entire market saw around this time I believe it was also due it being added to KuCoin, as well as the nearing of ZeroCoin Protocol implementation. However, the price fell sharply on 13th Jan when it was announced that due to technical issues, ZeroCoin implementation will be postponed to April. The correction the entire market saw certainly had a part in this. Nevertheless, I believe that Solaris has found good support around the $12 mark. There are some large buy orders in the order book which is also a good indication.
This year I think we’re going to see a lot of cracking down from governments (tax & regulation) so I believe privacy coins and DEXs will have a huge place in the market, and with Solaris having both of these features I feel this is a real ‘diamond in the rough’. It is my opinion that compared to similar coins, Solaris is significantly undervalued. I don’t like to make price predictions but I feel Solaris has a long way to go. It reached a price of $48 with a market cap of $44 million. It’s currently at $12 with a MC of $12 million, down over 75% from its peak, presenting a great opportunity.
It would be great to discuss this coin together and hear your opinions! I will also be posting this in other groups.
EXCHANGES: Available on KuCoin, CoinExchange and CryptoBridge. However the volume on the latter 2 is poor so I would recommend trading on KuCoin even though I don’t like their interface.
RESOURCES:
https://steemit.com/…/@aargy/solaris-coin-the-sleeping-giant
Website: https://solariscoin.com/
CMC: https://coinmarketcap.com/currencies/solaris/
Block Explorer: https://solaris.blockexplorer.pro/
GitHub: https://github.com/Solaris-Project/Solaris/
Telegram: https://t.me/solariscoin
Reddit: https://www.reddit.com/r/solarisxlr/
Twitter: https://twitter.com/solariscoin
Announcements: https://bitcointalk.org/index.php?topic=1831629.0
DISCLAIMER: This post is for informative purposes only and is general in nature. That is, it has been constructed without taking into account your financial circumstances & objectives. Before acting on this information, you should consider its appropriateness in regards to your financial circumstances & objectives. Although this post may provide information relating to investing in cryptocurrencies, no information is intended or should be taken as any advice, recommendation or endorsement from me to any legal, tax, investment or other matter. Always conduct your own research and understand the inherently high risks associated with investing in cryptocurrencies.
