Some numbers
Circ. Supply: 48 602 869 ITC
Total supply: 100 million
CMC price: $1.52, total market cap: 74 119 652 mln USD
Exchange: Bibox (rumored to be listed on Binance and Bittrex soon)
Competitors: IOTA, NAS, ByteballTest net Github:
GitHub.com/IoTChainCode/itc-ts
Purpose
Combines PBFT tech (practical Byzantine fault tolerance) consensus mechanism, DAG (directed acyclic graph, SPV, & CPS tech to ensure higher security, decentralization, and enhanced performance on the Internet of things.
In a nutshell: The Internet of Things (IoT), also called the Chinese IOTA, is a network of correlated computing devices, mechanical and digital machines, objects, as well as other items that have unique identifiers which allows them to share and exchange data within the existing internet infrastructure. This data is then used to improve their performance. The Internet of Things is a key driver in the Fourth Industrial Revolution. The global market of IoT hardware spending is fast growing and has reached $1.7 trillion, with IoT services reaching $300 billion. Based on the current year-on-year growth of 30%, some predict the IoT hardware spending will reach $3 trillion by 2020.Currently testnet does 1k transactions per second. Goal is to reach 100k transactions per second before main net is launched.
Roadmap
4/30/18 main chain test starts
5/20/18 ITC main chain starts
9/30/18 DAG test structure starts
12/30/18 DAG structure goes online
2/28/19 DAG structure debug and main network starts.
Partnerships/Investors
-Hashed
-FBG Capital(funders of omiseGO)
-Shanghai high flying electronics
-Shenzhen galaxy wind network
-Shanghai BeTiger network
-Telink semiconductor
-Hitters Xu (founders of NEO)
Team
Upon researching the core team, we’ve found they have more than enough experience to carry out their claims. Team is well rounded in blockchain tech, & chip firmware.Compared to its competitors, it’s the only one using the combinations listed in the whitepaper. The competitors do not use all of that together. Yes, Byteball uses DAG but it does not pair it with PBFT, SPV or CPS technology.All the DAG public Blockchains are not decentralized enough, including IOTA and Byteball. IoTchain is about to make it more decentralized.Circulating supply is lower than every internet of things competitor except Byteball (1mln).Here is a good summary of what IoT Chain is.
Prediction
Market cap is pretty low now, the coin is situated now at no 177. If this only get a bit of hype, x5 is very conservative. It is superior to other IOT solutions but not many chillers and marketers talk about it now. It is one of the best IOT holds for the future. Remember, IOT is not happening in 2018 by any means, it is a very long term hodl, like IOTA or Byteball. ITC is a gem pick flying heavily under the radar. Rumors of binance & bittrex listing have been circulating quite heavily (you can see they moved all their ITC out their wallet). Load up now while it’s $1.52 USD. Easily it’s at least a $3billion market cap coin or better.
CryptoMedics are now working on a new AMA. This time we plan to nail ITC (Iot Chain) to the wall with our questions. If you are interested, join our Telegram discussion group.
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