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Chasing the Micro Cap Gems #1: TRIAS aims to bring Trust in Technology

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Micro Cap Gems

Chasing the Micro Cap Gems

ALERT:  Chasing the Micro Gems series aims to dig up the projects that have a low market cap, decent team and potential of an explosion in value. These projects pose a high risk-reward ratio so please DYOR before investing.  We invest a small portion (usually $100 or less) as a gamble on these projects.  Do what fits you after DYOR.

If you want to be notified every time we post a new Micro Gem, click the bell icon on this page.

Top 5 Cryptocurrencies 2020

Tri means three.  

True to its name, TRIAS is aiming to bring a time tested ‘separation of power’ concept to the technology space to make machines trustable.

That is quite a heavy sentence to grasp and for good reason.

We are reviewing TRIAS (TRY), which stands for Trustworthy and Reliable Intelligent Autonomous System, as part of our Chasing the Micro Cap Gems series.

What is TRIAS?

We are heading towards a world that heavily relies on technologies like Cloud Computing, Big Data, IoTs, AI, autonomous systems, Virtual Augmented realities, etc.,  

The more we rely on the technology in our everyday lives the more important the aspect of ‘Trust’ becomes.

The question is a simple one:  How do I trust these systems that I have come to rely on?

The answer, however, is not that simple.

How do you integrate these seemingly different technology infrastructures to create Trust?

TRIAS hopes to emerge as the answer to that question.

Trias is “an all-platform-supported (Server, PC, Mobile, IoT, etc.) native-application-compatible smart contract execution platform, development framework and collaborating ecosystem. TRIAS aims to define a new-generation all-platform-supported public chain system. Trustworthy and Reliable Intelligent Autonomous Systems make people trust in machines.

TRI Structure in TRIAS

Trias LogoTRIAS brings one of the time tested concepts from the real world to the technology and that is: separation of powers: Execution, Legislation and Judiciary.

In TRIAS, these 3 elements are handled by three subsystems:  Leviatom, Prometh and MagCarta, respectively.

From there one-pager, here is a snapshot on each of these subsystems:

Leviatom is an integration of Trusted Execution Environments (TEEs) and Heterogeneous Consensus Graph, a graph computing algorithm similar to Hashgraph or DAGs. It can serve as the underlying ‘-1 layer’ for other public chains, including Ethereum and Hyperledger.

Prometh is a combination of formal verification and DevSecOps methodologies to achieve traceable and verifiable general-purpose software development.

MagCarta is a consensus-oriented programming paradigm to achieve embed and self-defined consensus strategy for high-order enterprise DApps.

How does TRIAS stack up against our Crypto pick framework?

Our readers know that we apply a simple framework to see if a project has a good chance of succeeding.  This criteria includes:

  • Problem/Solution 
  • Team
  • Partnerships
  • Addressable Market Size
  • Revenue Model

You can read the entire framework to apply to your favorite projects here:  How to pick the Best crypto project?

You can also get the top 5 Cryptocurrencies we picked using this framework, for FREE (for a limited time). 

Back to TRIAS.  Let’s see how it stacks up on our crypto criteria framework.

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Problem

The problem of trust in an automated world targeted by TRIAS is ginormous. The space could easily accommodate many players.

Ultimately, even solving the problem of trust for one or more verticals of the technology could prove to be quite lucrative.

Team

This team reminds us of the Cardano crew.  

If the information on the website were to be trusted then the team details are 

quite impressive.  Even more so for a coin with such low market cap.

Trias team

Anbang Ruan, CEO, has Ph.D from Oxford and has over 10 years of experience in systems security.  

Ming Wei, CTO, too has a Ph.D and has considerable experience in distributed cloud development.

Other team members are well qualified as well, as per the whitepaper.

Partnerships

Octa Innovations LTD., and Peking University have formed alliance with the TRIAS project.  Given that the mainnet is not launched yet, we expect more companies to come onboard after the mainnet.

Addressable market size

The market for Trust across multiple technological domains is a big one. We do not have concrete numbers across all the industries that TRIAS wants to impact, however, we suspect it will be in the order of multi-billion dollar business opportunity.

Revenue Model

Team has locked the tokens allocated to the TRIAS team and the total tokens will only be released by January 2024.

We expect that the increase in the value of tokens due to traction is what will generate more value to the TRIAS project.

At this point, we have not seen a recurring revenue model outside of tokenomics. 

Based on the benchmarking of this project against our crypto criteria, we give it a solid 7 out of 10.

In our view, anything at or above 7 is a good project. Whether the project lives up to its potential is something we have to wait and see. 

We cannot help but compare TRIAS with Cardano

Similarities abound between TRIAS and Cardano in terms of the evolution (not the solution), few that we found striking are:

  • Brainy bunch

Similar to Cardano, this project purports to have PhDs, Graduates and other nerdy bunch.

  • Token Supply

In line with Cardano’s, the token supply is in billions (although less than 25% of that of Cardano).

  • LONG Road Map

Cardano ran one of the longest ICOs of its time and then the tokens were not released for a whole year.  On top of that, the project itself has been in works for years. TRIAS road map and timeline reminds us of Cardano in terms of the implications, vision and how far it is drawn out.

  • Grandiose vision

Cardano wants to be the best smart-contract blockchain platform for everyone to use. TRIAS aims to be the trust layer for all the technologies that are shaping our world right now.

  • Mythology references

Cardano is notorious for using the mythology figures for their project names. TRIAS seems to be following the suit.

What do we like about Trias?

Weekly updates & website: The website is extremely professional and the team strives to provide weekly status reports through their blog.

Concept: Extremely relevant concept and existing and latent demand brewing in the world right now.

Team:  One of the more impressive team structures for a small cap coin.

Low market cap:  The project was hovering around $3 Million at the time of this writing.  A $30 Million valuation is quite low if TRIAS ends up achieving its goals.  $300 million will be quite a low number if TRIAS pulls off its ambitions.

Potential Binance (and other) listings:  An attempt to list on Binance has already been made.  We expect future attempts to get listed on Binance will be in works.  It is already on KuCoin which is a good exchange as well, in our opinion.

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Red flags for you to consider

Couple of things you need to consider before jumping in.

Trading volume (or lack thereof)

As cool as TRIAS looks from our point of view, if the trading liquidity is gone then there is a chance that project might die with it.  

However, this is also the easiest thing to overcome as the awareness in public or listing on reputable exchanges could bring volume in no time.

Lack of social following

For a project that is so ambitious, the social media following is quite sparse to say the least.  

Only saving grace to this pet peeve of ours is their Telegram group of around 5000 (4500 on one channel and another 500 on their announcement channel).

Things to consider before investing in micro cap gems

Things that generally apply to the crypto market are true to micro cap coins as well, only more amplified.

For instance:

  • Loss of capital: Like any other crypto project, you could lose 100% of your investment.  That is why we always position our investments to the point where we will not be devastated if we lose it all.  We recommend diverting some of the ‘avoidable’ expenses (going out for dinner, watching movies in theaters, etc.,) so that the loss doesn’t hit you too hard.
  • Lack of liquidity:  Micro cap coins lack liquidity which means that exchanges could delist them for lack of trades and you may not have a market to sell your coins later.
  • Manipulation abound:  When the market cap and trading volume are low, a few handful players could manipulate the entire market (including deploying bots) and when real users come to trade they could wipe them clean.  Beware.

Conclusion

In our opinion, we think TRIAS has everything we like to see in a micro cap gem: good concept, team with potential, long-term vision and relatively low market cap.

There is no guarantee that this will be a hit, however, if it ends up executing on its roadmap – then – this could prove to be a great find.

As we said earlier, we do not bet big bags on micro cap gems.  You do what fits your investment strategy.

Source: https://www.trias.one/whitepaper

Official website: https://www.trias.one/

Ticker: TRY

Thank you for reading and sharing this article. We appreciate you.

Also read:

Chasing the Micro Cap Crypto Gems #4 – Skrumble Protocol – Why We Changed Our View On This?

Chasing the Micro Cap Crypto gems #3 Phantasma is Aiming to do it All!

Chasing the Micro Cap Gems #2: aXpire, a Blockchain Business with a Working Product

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

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IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

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CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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