eosDAC (EOSDAC) Analysis

Market Cap

$1,500,590 USD

Volume (24h)

$746,167 USD

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3.5

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

eosDAC Markets Rank: 3/100
Volume Ratio

How actively is this asset being traded on the market?

eosDAC Volume Ratio Rank: 50/100
Market Cap

The total cost of all coins available.

eosDAC Market Cap Rank: 82/100
24h Change

Is the price moving up or down?

eosDAC 24h Change Rank: 47/100
Social Following

How many users are following this coin?

eosDAC Social Following Rank: 70/100
Google Trends

How many users are searching for the coin?

eosDAC Google Trends Rank: 10/100
Twitter Citation

How many users are talking about this coin in Twitter?

eosDAC Twitter Citation Rank: 1/100
User Voting

How popular is this coin among Cointobuy community?

eosDAC User Voting Rank: 72/100

eosDAC investment analysis

This project is a community-owned EOS block producer and was developed to help build fragmented share-like experience of block production on the main chain. Since the producers will be tasked with huge responsibilities and each one of them would require complex and sophisticated infrastructures to be able to partake in the network’s activities, having a single entity or a few of them hold such rights might invariably defeat the objective of keeping the platform as decentralized as possible.

eosDAC investment is composed of a decentralized autonomous community whose voting rights on the EOS platform would largely depend on a highly diffused ration of the token within the network. It’s an interesting concept, as they lower the entry barriers for a larger majority of EOS coin holders and supporters.

As of May 2018, plans were underway to distribute the tokens as airdrops to holders of EOS and this will ultimately constitute the community-side partnership string.

How to buy?

$0.002271

+207.1%

$0.006975

475/4061

by Safety

2331/4061

by Profit

How to buy eosDAC?

Those who were unable to obtain the token at the time of the airdrop can still buy EOSDAC on cryptocurrency exchanges. The coin is currently trading on about 8 exchanges having a total of 14 markets. The trading pairs include BTC, ETH, BIX, BITUSD, and USDT.

This is remarkable because, being a new asset leveraging on the existing protocol and course modal of the EOS network, it has gained quite the popularity among these exchanges in such a short period of time and comparable to other tokens, they should be quite easy to locate.

As for storage, being initially an ERC20 token, they can be stored on any compatible wallet such as myetherwallet, just until when the mainnet is online and owners of the coin would be able to use the wallet provided on the new blockchain.

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EOS originally proposed a 21 block producers on its network – using a proof of stake algorithm as a voting system. With the limited number of block producers, this project is simply aiming to be one of those to be accorded that position, and therefore, it can be considered as a proposed ‘sidechain’ of the mainnet once it is released.

More so, it would seem that they not only want to give voting rights to a huge number of technology supporters such that they will be in charge of voting in the right people in block formation and also earning the rewards of the host platform, but also create decentralized objects as toolkits that will enhance the performance of their platform as it would be open source so as to have a more refined community-based and community-generated applications.

Since the project did not hold a coin sale event, and tokens were distributed to holders of EOS in the ration 1:1, to invest in EOSDAC would be a huge opportunity to buy in as soon as possible before the mainnet platform goes live. However, if it does, chances are, the worth of the token will continue to appreciate and every opportunity to enter the market will indeed have a rewarding prospect.

This is in no way to drive traffic into buying the token, speculative interest and eosDAC analysis is based on the platform’s performance thus far and their long-term objective overlay; and what this means is that while they may present a good and efficient product on paper, the end result is largely dependent on adoption rate and stability of the support community.

The advantage of investing in this project is that, if eventually, they become one of the block producers, those who hold the tokens will be rewarded in EOS as part of the 5% yearly inflation commission.

On the more plus side of things, is seeing that they are able to effectively stabilize the decentralized functionality of their own platform and ultimately have a positive effect on the ‘larger’ ecosystem, which will invariably increase the worth of the coin in the long run and thereby becomes a win-win on all fronts.

As per the price function up to the time of writing, trading has been rather blissful, as it has experienced a trading potential of over 640% within a month of being listed on exchanges. This is a positive outlook, however, due to volatility and other relative influential factors, we cannot base a speculative profile based on this result alone, things might change in the near future, either positively or negatively.

It’s good to see that they have started on a good note, and hopefully as they accomplish more milestones community support will grow alongside.

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