Recently one of my closest friends who has been intensively studying cryptocurrencies recommended Achain to me. I promised to take a closer look because I know that he's a tech-savvy, intelligent and can spot great opportunities in the cryptocurrency world.
I ended up investing already a significant money in their project so far and I may invest even more in the future. In this Achain review, I am going to share the reasons why I have invested in this project and why I see a great potential in their project. This is not an investment advice but I genuinely think that Achain is a great project for several reasons.
Achain Review
Name: Achain
Type: Public Blockchain Platform
Short Review:
Achain is a highly interesting project. They have a really ambitious and a big goal to build a Public Blockchain Platform. If they succeed with their goal, this is going to be a big thing and early investors are going to make huge profits.
I invested around in Achain because I believe in the potential of this project and I'm excited to see what happens. But as always, there is a risk involved with all kind of investing.
What Is Achain?
A Public Blockchain Platform
Achain (ACT) is a public blockchain platform that enables developers of all levels of experience to issue tokens, smart contracts, create applications and blockchain systems. Achain is committed to building a global blockchain network for information exchange and value transactions.
The Achain platform has been under development for more than two years now, and has currently deployed more than 50 dApps, and 112 contracts. An intriguing factor of Achain's protocol is that it boasts an impressive 1000 TPS (Transactions Per Second). This is achieved through a one-of-a-kind RDPoS consensus mechanism, which provides a more efficient transaction performance of the network compared to the others. Moving further into 2018, we will see the blockchain-as-a-service (BaaS) scalable network, followed by a proper interconnected network in early 2019.Achain Takes Cryptocurrency Development Forward
Cryptocurrencies have a strong network effect. The more people talk about them, the more people get involved and start using them. I want to see the day when I can pay with cryptocurrencies anywhere I go in the world.
During the last 6 months, I have traveled in Finland, Germany, Austria, Macedonia, Bulgaria, and Turkey. I have needed to have 4 different currencies in those countries. I always need to pay a fee when I exchange currency to another or if I get something other than euros from the ATM. If I could pay with cryptocurrencies, I wouldn't need to pay fees or use time with getting cash. That's only a little example from my life. But imagine that the same thing happens for millions and even billions of people all the time when they travel.
This is, of course, just one of numerous benefits of cryptocurrencies. I am not going into other details in this article because our main subject is Achain but I just want to mention that there have been numerous situations in my life where cryptocurrencies would have been extremely beneficial. For example, once I needed to send money to my friend in the Philippines. It took several days that she received the money and we needed to pay 20€ fees. With cryptocurrencies, the transaction would have been instant and almost free.
I think it's crucial that we get more and more services around cryptocurrencies so we will see mass adaption in the future.Achain - A Strong Foundation
There is the fact that Achain has an edge over the crypto counterparts that are better known in the market.
One of the strongest Achain (ACT) features is the "sandbox". The sandbox is basically an ecosystem in which smart contracts are tested for any problem, before they run on the ACT network. This feature makes Reaching one of the safest smart contract platforms out there to launch a decentralized app. In essence, when compared to platforms like Ethereum on security, Achain is a mile ahead, and investors are very interested in this feature.
Another fundamental aspect of Achain that attracts investors is the use of the Lua programming language, in the development of decentralized applications. While Lua is not one of the most recognizable programming languages out there, it is one of the easiest to learn. This means that when blockchain becomes mainstream and many people start launching Dapps, we tend to see an increase in the number of beginner programmers who want to launch apps in Achain, based on their simplicity. Above that, Achain also supports the more common programming languages used in writing smart contacts such as Solidity, C # and JavaScript, which makes Achain more attractive as the Dapps platform.
However, the greatest asset that Achain has today, which drives its value is the fact that it's proven and tested in the marketplace. Unlike many small blockchain projects that are mostly untested concepts, Achain already has Dapps already running on it. Currently, up to 10 Dapps are running on Achain, and more are coming. It is an exponential growth considering the NEO has about 43 Dapps, but has been around longer than Achain. This is a good indicator that Achain is trusted, and trust is great for long-term value growth.
With all these factors coming into play, it's not hard to see why Achain made such an exponential advantage. This could be NEO 2018, if the growth rate is fast. You also need to remember that this is mostly popular in China today. Once the whole world knows about it, and understands its ability, Achain (ACT) will be a jackpot for the initial investor.Bonus! Loyalty Program to ACT Holders!
It's a monthly announcement that I have received reward of loyalty program because of holding Achain. Every month Achain holders are rewarded, simply by holding ACT in an official wallet.
The more tokens you had, the more reward you earned. This happens every month.
So, you can earn from Achain by two different ways: 1) Capital gains when the market price of Achain goes up and 2) Monthly reward from Achain loyalty program. They pay reward every monthly in cryptocurrency. This is another great source of passive income. The earnings can and will add up pretty well if Achain keep on growing in the future.Do You Remember What Happened to Ethereum and Binance Coin?
Ethereum is the second biggest publick blockchain in the world. Binance is the second biggest crypto exchange in the world by volume (They have loyalty program to Binance Coin holders).
Both of them have a similar cryptocurrency compared to Achain.
The ICO price of Ethereum Juli 2014 is $0.30. Today 10 May 2018 the price was more than $750 per coin. If you would have invested for Ethereum in Juli or August 2014, you would have made +2500 times profits. The price of Ethereum went from $0,30 to more than $750. The same can happen with Achain.
The same happened with Binance Coin. They have loyalty program just like Achain. The growth was actually even more powerful. In August 2017 the price of one Binance Coin was less only around 10 cents (=$0,10). Now in 10 May 2018, the price of one Binance coin was over $14. If you would have invested in Binance early, you would have made more than 140 times profits.
The similar growth is completely possible with Achain as well. In my opinion, that's a good reason to invest with Achain.
Conclusion - Is Achain a Good Investment?
Based on these 5 reasons I believe that big gains are possible with Achain and I find it a worthwhile project.
- Good and ambitious vision.
- Takes cryptocurrency development forward.
- Achain already has a strong foundation.
- Loyalty program to coin holders.
- The history has shown that public blockchain platform coins and coin with loyalty program have a huge potential for growth.
I believe that big gains are possible and that's why I have invested in this project. But as always, I want to remind that there is a risk with any kind of investing. You may win money but you may also lose money. So you are the responsible for all your own investments. If you think that Achain is worth investing, you can buy in the market.