The following is not financial advice.
Welcome back to The Scoop!
This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin.
So let's begin!
What is CompuCoin?
They offer CPN as a Bitcoin alternative, which is the usual spill. The coin "is managed by an experienced German Team committed to expanding the business and insuring confidence to our members and investors" according to their website:
http://compucoin.org/compucoins-new-cryptocurrency/
The team frequently adds new nodes and have said they are community driven, but it's hard to find out much more about them which is funny since they've been around a while (circa 2014). They have all the little things done, though, like media on the coin, wallets for the major platforms, translations and even a swag shop in the works.
They are heavy shill and have produced little more than a working wallet and content about the coin, but one has a feeling it's one of those deeeep coins, where things are going on in the background and they just are waiting for the right time to double down on marketing and resources.
Making it onto CMC in mid-2015, they started small at 30-50 sat range and hit just over 200 after one year. Then back down and recently started up again towards their previous highs. With a smaller, reasonable supply, that's quite a tasty range. The folks at CPN also encourage mining and have guides for it and other brochure stuff available:
https://issuu.com/compucoin/docs/cpn_starters_manual_b24df5e37a59bd
Quick Technicals
Algo: Scrypt
Block time: 120 seconds
Block halving rate: ~1.8m blocks
Block reward: 8 CPN
Where's the wallet?
http://compucoin.org/files/Windows-Setup-CompuCoin.exe
The source is here and hasn't been touched for a long time, but in this case it's not necessarily such a red flag as their business seems to be investments and not really a product strong in technicals:
https://github.com/compucoin/Compucoin-source-code
We haven't seen a formal whitepaper from them, but they do have quite a bit of information on their website (skip over the self-shilling, hah):
How many of them are they?
CMC says ~19m circulating with max supply of 35m. According to their website, there's a 23% pre-mine for 'company stock'.
Who's the team?
Good question! The most we know is that they are a German team dedicated to expanding, insuring confidence for members and investors and providing support. I hope they are just waiting for the right time to be more transparent in this area, because it would definitely help outside investors understand the business better.
How is CompuCoin different?
Not too much innovation currently, it's setup to be your standard store of value and payment coin. Volume has picked up lately, so something may be brewing.
Pros
- active services
- intriguing business
- longevity
- easy entry
- long term prospects
Cons
- lack of productive news
- visibility of team and community
Where is it traded?
Just Cryptopia for now, but likely to be added to more exchanges if volume keeps rising.
https://coinmarketcap.com/currencies/compucoin/#markets
The Final
Based on the FA, CPN looks like a medium to high risk with high reward potential if they finally open up and expand the business. Picking it up under 100 sats would be bargain or under a 10 cents would be an upper entry while still expecting solid gains.
And that's your scoop!