BOScoin (BOS) Analysis

Market Cap

$4,313,937 USD

Volume (24h)

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3.1

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

BOScoin Markets Rank: 2/100
Volume Ratio

How actively is this asset being traded on the market?

BOScoin Volume Ratio Rank: 1/100
Market Cap

The total cost of all coins available.

BOScoin Market Cap Rank: 87/100
24h Change

Is the price moving up or down?

BOScoin 24h Change Rank: 49/100
Social Following

How many users are following this coin?

BOScoin Social Following Rank: 83/100
Google Trends

How many users are searching for the coin?

BOScoin Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

BOScoin Twitter Citation Rank: 1/100
User Voting

How popular is this coin among Cointobuy community?

BOScoin User Voting Rank: 80/100

BOScoin investment analysis

BOS is a cryptocurrency based platformed focused on node governance and trustworthy contracts. While their payment system works in much the same way as Bitcoin's does, they also have a treasury for project funding. Transaction on the network are taxed, and then these taxes are the "treasury fund".

Nodes are then allowed to vote on completing these projects. This democratic blockchain system wants to bring fairness and voting transparency to everyone involved. While I do like some of what they're doing I have my doubts as to whether they can actually get anyone to adopt this technology. Please read on for a full BOScoin investment overview.

$0.004982

+197.5%

$0.014822

1028/4138

by Safety

1866/4138

by Profit

How to buy BOScoin?

This coin is unfortunately only available on a tiny selection of exchanges. Though the liquidity seems split between Bitcoin and Ethereum, so it's possible for you to use either option to easily complete your trade, and buy BOScoin.

This platform does not seem to have any downloadable wallets, but only a web wallet. This is an odd choice, as most cryptocurrency enthusiasts are used to having at least a QT download version. It does, however, provide you with a seed key to recover the wallet if you need to do so. Make sure to keep this in a safe place, preferably printed or written down as a physical copy off of your machine.

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While this coin isn't really doing anything new, they do have some interesting angles on old tricks. For starters, having a funding platform that allows people to vote on certain objectives is pretty interesting. Their payment system works essentially the same as any other cryptocurrency.

However, they fund their "project fund" by issuing a tax on every transaction. These transaction fees then go into the fund which can be given out for projects their democratic system deems worthy. Whether or not the voting will actually be fair is another subject entirely. These things are often easier said than done.

It is an interesting prospect anyway though. These "voters" also work to decentralize the network. Ideally, once a project is completed it would then generate revenue which would go through the BOScoin ecosystem, thus refreshing the project funding initiative and paying the node operators as well.

In addition to the project funding proposals, this platform also supports smart contracts. These are suggested to be used for voting using a trusted ecosystem that is verified by the blockchain. While this is a worthwhile goal, I find it unlikely that even a smaller local government would use this kind of system instead of either developing their own chain or building on top of an application that would allow them to create a private chain. The risk for the leaking of sensitive data is too great, and I would find it difficult to convince them to use such a system, no matter how well intended.

While this coin does have some attractive features it seems things are very quiet online about it. Their social media reach is not very large, they have almost no exchange listings, and their PR seems dead in the water. For this reason, I'm not sure I would care to invest in BOS in its current state.

They have, however, not been around very long, and that could very well change. It's worth keeping an eye on them in the meantime. However, there are definitely better options for a smart contracts type of investment, and even ones that offer funding to projects.

In short, I do like the idea of a node voted project fund, but their marketing is not great thus far. There are also a number of competing coins with better branding working on the same concepts in different ways that may likely be more successful for fundraising.

Their website is also not great at getting down to the point of their platform, which could turn potential investors or users away before they even open the door. There also seems to be some impatience from those already invested who are still waiting on updates. Be wary of these delays. It could signify a shift in the team of a project. Invest with caution.

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