Topic: IS SHIPCHAIN A SCAM OR A REVOLUTION ? (Read 159 times)
The project use case looks good to me and it's not popular use case, if this can make things easier for logistics then I don't see any reasons that the project will die, it all depends on the determination of the team, it might be a success in future if the team don't give up
They have an announcement thread on the forum and it's not that active at all. My tip to you if you're still interested with this coin, check also if they still have an active volume which seems they don't have.
https://coinmarketcap.com/currencies/shipchain/
https://coinmarketcap.com/currencies/shipchain/
Its a great idea, using crypto for logistics probelm solving,
Is there any other coin / project that attempts to do just that?
All,
Worth highlighting here that the lack of liquidity comes essentially from the fact that Shipchain Inc. is located in the USA where the regulatory framework defining utility tokens from securities is yet to be fully clarified. Therefore it is natural for Shipchain Inc. to refrain from engaging on usual crypto promotion activities (exchange listing, airdrops) until a) the token is truly used in a public dPoS blockchain (testnet is on since one year, mainnet later this month) proving its utility, or b) US regulators come up with a clearer proposal with less room for interpretation.
The article also calls out plans to transfer governance to a non-profit foundation abroad. more to come on that later this year.
Now I'm not quite sure people who saw the lack of token liquidity as a show stopper have taken the time to read the article tbh but what I'd say is that while lack of liquidity certainly prevents any kind of short term trading mindset on this token, it doesn't necessarily have any correlation with its long term value.
I'm outlining below some criteria that would be better suited to evaluate that potential.
PS: I have written this article so please feel free to shoot any questions, I'll do my best to answer. I'm not a shipchain employee but definitely a long term investor and node validator so do cross-check everything I say.
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* purpose: is the team trying to fix a real problem? Does blockchain truly act as a enabler to solve that problem?
* business development potential: do the founders have experience and business connections in the industry they are trying to transform?
* funding: is there enough funds to scale the team and last long enough to develop the product and cope with a possibly slow adoption curve?
* technical complexity: are they trying to do too many things at once? Is it too early?
* token economics: what are the token use-cases? Could the product run without the token? What are the mechanisms that would lead to demand to overreach supply?
* distribution: are the tokens sufficiently distributed amongst as many holders as possible? Do you know the ultimate purpose of the total supply?
* regulatory: is legal compliance a priority for the team and what safeguards have been put in place to be compliant with today's regulations and be future-fit?
* competition: is there a competitor with a technical lead? Or stronger business connections?
* hype cycle: does the market cap already reflect the potential of the product? Is the token under the radar?
Worth highlighting here that the lack of liquidity comes essentially from the fact that Shipchain Inc. is located in the USA where the regulatory framework defining utility tokens from securities is yet to be fully clarified. Therefore it is natural for Shipchain Inc. to refrain from engaging on usual crypto promotion activities (exchange listing, airdrops) until a) the token is truly used in a public dPoS blockchain (testnet is on since one year, mainnet later this month) proving its utility, or b) US regulators come up with a clearer proposal with less room for interpretation.
The article also calls out plans to transfer governance to a non-profit foundation abroad. more to come on that later this year.
Now I'm not quite sure people who saw the lack of token liquidity as a show stopper have taken the time to read the article tbh but what I'd say is that while lack of liquidity certainly prevents any kind of short term trading mindset on this token, it doesn't necessarily have any correlation with its long term value.
I'm outlining below some criteria that would be better suited to evaluate that potential.
PS: I have written this article so please feel free to shoot any questions, I'll do my best to answer. I'm not a shipchain employee but definitely a long term investor and node validator so do cross-check everything I say.
------------------
* purpose: is the team trying to fix a real problem? Does blockchain truly act as a enabler to solve that problem?
* business development potential: do the founders have experience and business connections in the industry they are trying to transform?
* funding: is there enough funds to scale the team and last long enough to develop the product and cope with a possibly slow adoption curve?
* technical complexity: are they trying to do too many things at once? Is it too early?
* token economics: what are the token use-cases? Could the product run without the token? What are the mechanisms that would lead to demand to overreach supply?
* distribution: are the tokens sufficiently distributed amongst as many holders as possible? Do you know the ultimate purpose of the total supply?
* regulatory: is legal compliance a priority for the team and what safeguards have been put in place to be compliant with today's regulations and be future-fit?
* competition: is there a competitor with a technical lead? Or stronger business connections?
* hype cycle: does the market cap already reflect the potential of the product? Is the token under the radar?
Investing in any coin is all about money and the investing will continue only if the team keeps bringing reason why people should still buy and hold their token. Many coins are down from their ICO price but are still existing and trying their best to remain strong amidst every challenge thus people still find it worthwhile to invest but a coin which is down from its ICO price and stops development isn't worth investing. Therefore if the team within this project are really serious to work and also stick to the launching of their mainnet then there might a turnaround in price etc.
You got it all right
They are workinghard day by day finding ways just to launch their mainnet and for us supporters we appreciate every goodnews about the project.. I believe that SHIPCHAIN will sail again on CMC . Its just the price but it will never be a shitcoin. 
read this article for yourself https://medium.com/@shipmateFRnl/shipchain-scam-or-revolution-faq-f10fe2452e7a
I need your thoughts about this token that still been strong for the past two years.. I return to this forum and hoping about their progress this month..
Think about of all projects that had a large community existed on the past two years most of them didn't survive. The devs abandoned their community for the reason of frustration and only false expectations that they could reach moon..
But unlike SHIPCHAIN they still fight and find ways for their company and it seems very legitimate project for me...
What are your thoughts about them? Looks like a good investment..
I need your thoughts about this token that still been strong for the past two years.. I return to this forum and hoping about their progress this month..
Think about of all projects that had a large community existed on the past two years most of them didn't survive. The devs abandoned their community for the reason of frustration and only false expectations that they could reach moon..
But unlike SHIPCHAIN they still fight and find ways for their company and it seems very legitimate project for me...
What are your thoughts about them? Looks like a good investment..
Investing in any coin is all about money and the investing will continue only if the team keeps bringing reason why people should still buy and hold their token. Many coins are down from their ICO price but are still existing and trying their best to remain strong amidst every challenge thus people still find it worthwhile to invest but a coin which is down from its ICO price and stops development isn't worth investing. Therefore if the team within this project are really serious to work and also stick to the launching of their mainnet then there might a turnaround in price etc.
If you see the market condition of this token it's very poor which indicates its negative side as well but their some social media accounts are active maybe the team of this project still have hope but this is not enough this project clearly look out of track because of poor performance so finally I do not think that it may leave a decent impact at all.
It's a failed project, my advice is better find another promising project to invest on if your aim is new altcoin or low volume coins, there are better ones out there
They have an announcement thread on the forum and it's not that active at all. My tip to you if you're still interested with this coin, check also if they still have an active volume which seems they don't have.
https://coinmarketcap.com/currencies/shipchain/
https://coinmarketcap.com/currencies/shipchain/
read this article for yourself https://medium.com/@shipmateFRnl/shipchain-scam-or-revolution-faq-f10fe2452e7a
I need your thoughts about this token that still been strong for the past two years.. I return to this forum and hoping about their progress this month..
Think about of all projects that had a large community existed on the past two years most of them didn't survive. The devs abandoned their community for the reason of frustration and only false expectations that they could reach moon..
But unlike SHIPCHAIN they still fight and find ways for their company and it seems very legitimate project for me...
What are your thoughts about them? Looks like a good investment..
I need your thoughts about this token that still been strong for the past two years.. I return to this forum and hoping about their progress this month..
Think about of all projects that had a large community existed on the past two years most of them didn't survive. The devs abandoned their community for the reason of frustration and only false expectations that they could reach moon..
But unlike SHIPCHAIN they still fight and find ways for their company and it seems very legitimate project for me...
What are your thoughts about them? Looks like a good investment..
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