This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin by focusing on evaluating instead of predicting.
It's a set of products, originally focused on social/professional networking and collaboration and now on decentralized database and content storage and searchability, using DApps and the Ethereum network. Use cases include big data, social networks, document registries, mass media and file sharing.
Roadmap here:
https://ties.network/#roadmap
ETH tokens can be stored in the official wallets.
Latest Yellowpaper:
https://docs.google.com/document/d/1UwaaUgunnrFpL6jetA_DdNLQsbbqBx1HLcln07kLrUw/edit
CMC says ~39m circulating with a total supply of 59m. Unsold ICO tokens were burned.
Business and finance types and quite a few developers.
More details:
https://ties.network/team
What motivates them?
20% pre-allocation for the team.
Business overview:
https://cdn.ties.network/business-overview-en.pdf
~18m cap with just under 100k volume.
Similar projects or target industry...
We've yet to hear of a LinkedIn-like crypto project and this one, if it turns into a high traffic searchable data source and ICO platform, has a shot to stand out and serve a large group of professionals. Although they have pivoted and are focused on the database product now instead of professional platform, both have business use cases.
Pros
Cons
Team must communicate more on roadmap progress and any further pivots for the product lines. Getting a beta out the door should be a top priority and hopefully they will be able to dedicate more time on the ICO platform soon.
Most of it's volume is on Tidex as of today.
https://coinmarketcap.com/currencies/ties-network/#markets
Based on the FA, TIE looks like a medium risk with high reward potential if they can deliver and drive adoption. Picking it up under 4k sats would be bargain or around 80 - 85 cents would be an upper entry while still expecting solid, crypto-style gains.
And that's your scoop!
