Definition Of Syscoin SYS Mining
Syscoin -The Hidden Gem Of 2018. As the wikipedia page for SYS has all its history. Merge mining with any scrypt-based coin.
Syscoin is a cryptocurrency similar to Bitcoin which features the world's first decentralized marketplace directly in the wallet. The decentralized market allows for near-instant payment-upon-purchase, near zero fees and zero down-time. Syscoin and Bitcoin are both payment options in the marketplace. Other features include escrow, price pegging, encrypted messaging and digital certificates. Syscoin runs on the SHA256 algorithm and is merge-mineable with Bitcoin.
• • • • Talk to the core dev team! Got a question? Wanna discuss a feature in realtime with our team?
We're here to help! Inputs into my valuation methodology include the following: -Current price relative to ATH and Historical Value: Currently, SYS is valued at ~3100 Sats. Gpu For Mining Hshare HSR.
This is approximately 1/3rd of the ATH of about ~9200 Sats. We are seeing discounted prices relative to the 6-month (conservative) average of ~4000 Sats. I think this is primarily due to the news regarding bitcoin. This discount I believe will retrace to more historical values as time progresses beyond these forks. -Current Market Cap: The current market cap of the coin is ~122M.
This is a relatively small market cap, especially dealing in a market with 200B and more money coming in daily. Strong room for growth, a positive sign.
-Progress relative to competitors (first mover): I believe that SYS has some competitors and I am still researching them. I have identified DNT, BAY, and SAFEX as competitors.
PLEASE INFORM ME OF OTHERS YOU KNOW OF. With a product up and running, I believe SYS has great potential to absolutely crush these coins. Syscoin's development is far *ahead in most cases, and SYS is continuing to build momentum at a great pace. -Partnerships/Visibility: I believe this is where we will see a huge increase in value. We all know that within the past month SYS has partnered with a marketing team and is set to undergo a rebranding in December. This will substantially improve the community around the coin and its visibility. As far as partnerships go, I believe the 'Merchant Pilot Program' will help to bring both brand awareness as well as real-world application.
I believe both of these components will aid in gaining big-name partners. -Tech development: With the mining reward being cut from 16.39 to 10 coins per block, this will decrease the coins coming into circulation. This 100% has been overlooked as it is essentially almost a 'halving,' which historically has led to price increases in coins. The other tech developments coming later this year and early in 2018 will compound to push SYS's credibility and use case. (see them at: ). -Credibility: SYS has been around since 2014.
The progress has continued and the brand has continued to build on the coin's credibility. I think this is huge in terms of credibility in the space. As my analysis of this coin continues, I will keep the community updated.
But, needless to say, I think this coin has huge potential. My (very conservative) price prediction floor in the next month would be ~5000 Sats. (NOT INVESTMENT ADVICE, JUST MY OPINION) • • • • •. I think all attempts at decentralisation should be welcomed. However, the main stumbling block for me with bitbay and openbazaar is that they are P2P and therefore inherently limited.
Syscoin and its aliases acts a blockchain anchor for blockmarket web based information, allowing it to scale massively. 100% uptime without running a sever to host your store like P2P offerings. Sys marketing will hit it off in December with the BM web beta.
* Also the information in the table you linked is incorrect for Syscoin. There are many more features, whoever made it should talk to the devs.
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Syscoin is a cryptocurrency similar to Bitcoin which features the world's first decentralized marketplace directly in the wallet. The decentralized market allows for near-instant payment-upon-purchase, near zero fees and zero down-time. Syscoin and Bitcoin are both payment options in the marketplace. Other features include escrow, price pegging, encrypted messaging and digital certificates. Syscoin runs on the SHA256 algorithm and is merge-mineable with Bitcoin. • • • • Talk to the core dev team!
Got a question? Wanna discuss a feature in realtime with our team? We're here to help!