BlockCAT Analysis ($CAT)

in #blockcat7 years ago (edited)
The following is not financial advice.

Welcome to back The Scoop!

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.

What is BlockCAT?

It's "Smart Contracts for Everybody" as they say. CAT (Complex Automated Transactions) is a platform to make it easy to create and deploy contracts. No programming experience required. CAT tokens are used on the platform to fuel contract deployment and verifying third party marketplace contracts.

Informational video:

Beta is super slick:
https://beta.blockcat.io

Roadmap:
https://medium.com/blockcat/blockcats-road-to-beta-8626c16f5915

Where's the wallet?

Keep CAT tokens in your ETH wallet.

Whitepaper:
https://blockcat.io/whitepaper.pdf

Github:
https://github.com/BlockCatIO

How many of them are they?

CMC says ~7m circulating with a total supply of 9m, so quite a low supply.

Who's the team?

Stacked top to bottom with engineers and developers, along with some marketing and business folks.

More info:
https://blockcat.io

What motivates them?

20% pre-allocation for the team.

Reference:
https://hacked.com/ico-analysis-blockcat/

Marketcap and Competitors?

~22m with ~150k volume daily. That's a juicy cap!

Similar projects or target industry...

  • Stratis ($STRAT) -> ~1.5b
  • Agrello ($DLT) -> ~81m

How is CAT different?

Besides the excellent ticker? It's actually trying to do something that one can see will be around in the future. The biggest barrier to entry into the Ethereum side of crypto is you must have some technical expertise to properly write a smart contract. If BlockCAT makes it simply enough for anyone to use.. watch out.

Pros

  • actual product
  • clear vision
  • active dev
  • solid roadmap
  • it makes sense
  • great team

Cons

  • marketing
  • needs adoption

Any constructive criticism?

Delivering on the roadmap items earlier than expected would definitely be a plus. We all know great projects take time, but one doesn't want to wait for competition to gain foothold. 2018 is an important year for the 'CATs.

Where is it traded?

Today, Cryptopia sees most of the volume. But, an (unconfirmed, and blog content is no longer there, if it ever was) little birdy says it may get more volume soon...

And remember, the ticker is BKCAT on 'topia.

https://coinmarketcap.com/currencies/blockcat/#markets

The Final

Based on the FA, CAT looks like a low to medium risk with high reward potential if they continue to deliver and catch on. Picking it up under 25k sats would be bargain or around $4 - $5 would be an upper entry while still expecting solid, crypto-style gains.

And that's your scoop!

Nobody is perfect. See anything I didn't quite get right, or needs correction? Please let me know!
Remember, absolutely NOTHING you read on this blog, twitter or otherwise content anywhere on the Internet by the authors is financial advice, so DYOR and be responsible!
One more time in case you didn't see the first two: this is NOT financial advice! Also, The Scoop authors may hold coins discussed here which may create some bias, but we try to be fair.
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I absolutely agree, this is a sleeping giant..a rare gem..whatever you call it.. this is still not in the public eye because of lack of promotion and marketing. However, I like the fact that they are trying to build a solid product, have recently added a lawyer to their team, considering legal execution of smart contracts etc..
This is definitely a juicy market cap and a Multi-bagger! Hodl on!
Cheers!