Topic: My hidden gem. (Read 705 times)

I recently joined the INTERNXT telegram. May I ask the reason for the small total supply of the token? I see it's still ERC20 token, do they plan swapping to a mainnet coin later on? Also please, if asked why exactly will someone prefer their online storage to Google drive, what can you say? Don't mind me, I'm just being inquisitive here since you seem to know more about the project.

Thanks for considering looking at this coin bro, I would suggest reading their whitepaper first. Hope to see you on telegram.

Gosh, you are so wrong on so many levels.. First of all you say that centralized cloud services are more secure than decentralized ones?? That is ridiculous, I can link so many articles about data breaches on google, amazon and all major cloud service companies and data that got stolen/accessed from people with malicious intent on those companies. In decentralised storage that is not possible as one file is broken into pieces and stored in multiple hosts, so that even if someone gains access to a hosts computer with costumer data, he will only hold a piece of that file which is useless. That is exactly what makes this product better and why people and companies will want to pay an extra to keep their files secure..

Internxt as a company does not store any data at all, they dont have a server the hold user data at, you and I can become a host renting our free space to the network and storing shards of files. There is no data centrer someone can attack and even if they attack my computer and gain access to the shards I host as said previously those shards are useless without the other pieces.

Please read this and learn how centralised and decentralised cloud differs: https://www.csoonline.com/article/3405439/how-a-decentralized-cloud-model-may-increase-security-privacy.html

And of course the use case for the coin is data hosting, paying the hosts to host the data of the costumers, and also increases the rewards hosts get the more tokens they hold, encouraging people to hold the coin. Thats the utility for every cloud service coin like sia, storj. Its not something new and it works. I dont get why you are so shocked by it. And as they release more and more products in the future as they are planning to offer other services also other than cloud that will utilise the coin the use case will be broader.

So its real use case is hosting data file for personal level? Cloud drive service? Heck, even in their About page is vague as f with: "Internxt aims to enrich life through revolutionary technology. The goal is to create a vast range of innovative mass-market services that disrupt various technology industries."
Most are just buzzword and there are already plenty of similar services like that and way bigger than it: Google, Amazon, Azure,... and most importantly, they're free with reasonable free storage space before anyone wants to pay for premium. Google drive is 100GB for $2 per month while your charge 20GB for 1euro per month. Why would anyone want to pay more than normal to use a cloud drive just because it non-mainstream, hipster thing is beyond me. I don't even need to start on the privacy of data on the hosting between a big name and an unheard.
So that's your token with 'real use case' and wait a minute, why we would need a token to use that kind of service? See, I checked the token and saw nothing really interesting, nothing to make it a real 'hidden gem' other than you right now, make a sale pitch with "product im better than most projects on the top 100 on cmc" that I don't believe it is.

You dont see the coin have a good use case?? The product is already out mate, it works better than any other of its kind, it uses the token as a means of payment towards hosts.. What I think is that you didnt even check the coin out but wrote your opinion about it anyway..

Low cap coins were never a hot thing, cheap coins were as the price of a coin is relative, and every coin with 1 million coins or a billion coins can have equal multipliers under the right conditions. The supply doesnt matter and doesnt make a coin "hot" lmao.

You are a bit overestimate coin with the limited supply. They ain't the hot and big thing like they used to be where they usually use Bitcoin's limited supply to make a sale pitch for their coin. Real use cases and daily using in transactions are far more important. You can't justify a high price for a limited supply coin if it wasn't in use or have a good use case. I don't see OP's coin at this level yet or have a chance to become like that so no, not a hidden gem for me.

it is a three year old project, that had ATH in January 2018, and it was going down with the market after that, to reach values at 1% of ATH, which is close to call it over, but since then it is up 4x and i will investigate it a bit more, low marketcap and if there is development could provide good return

good explanation about this project. it needs more research and proper follow-up. its still worth to risk all things being equal. project should put more effort to get it known by many investors.

Yeah, should've look at the overall marketcap. If you have a $1 coin with 1 million supply it has more room to grow than a $0.01 with 55 billion supply. Take a look at bitcoin, it was priced $14 at one point and now it is worth more than $1k, one factor that contributed to that is the limited supply.

Now that thats out of the way lets reveal the hidden gem (in my opinion). The coin is called Internxt and has been behind the scenes for a long time now developing their product. They are a cloud storage provider like Sia and Storj but aimed towards the mass market, thus competing with the big guys like Dropbox and Google Drive and appealing to the masses that dont know about crypto(will explain this later). A couple of months ago they released their cloud application, which is steadily increasing in popularity and is very user friendly. They are also working on drive for teams and a product called "send" which will be an end-to-end encrypted file sharing service. Those are some of the services they are looking to offer and all of them utilising their token called INXT.

So why do I think this has the potential to grow and multiply by the hundreds your investment in the next few years? Its because as said before this company targets the mass market without requiring the costumers to have any knowledge about cryptocurrencies. Customers can buy the service with their credit cards and the system automatically converts them to INXT(their token), investing that fiat money the market in exchange for the token that is used to pay hosts. This means that there will be a growing flow of fiat money to that market buying from sell orders driving the price upwards.

But its not only that, at this point the token is extremely undervalued and the company unknown to the crypto community, which is a shame cause their product im better than most projects on the top 100 on cmc. This is insane to me that people havent picked this up yet and invest money to total crap coins that dont deserve to be at the position they are. Apart from that they are a very professional company with a product that works. Maybe its their own fault too cause they dont focus their advertising on crypto enthusiasts but they are running their ads aiming at average joes.

Anyways, I dont want to speculate a potential price, you should do your own research and youll see that at the current price its veeeeery undervalued. Thanks for the read, please check them out cause i feel like they deserve some exposure. And no, im not a part of their team, and only 10% of my portfolio consists of their token which even if i sold now would be at a profit.

I just see the token on coinmarketcap, it has very low max supply, around 600k INXT and the market cap is around 900k USD currently.
From your opinion, what is good about this project and why do you think it is 'your hidden gem' ?
It is strongly advised to doing proper research about the coin before buying it, otherwise we will waste our money later.

can you mine it?