ETP updates from a user on BitcoinTalk's original post:
My research:
- Metaverse is branding themselves as the Chinese substitute for Ethereum and the company itself is based in Shanghai.
- Current market cap $24,902,036 vs NEO $1,460,715,000, that's a potential of 5900% ROI!
- POW + POS, currently in POW phase, moving to POS in the future.
- Metaverse offers a possibility to freeze your coins either for 6 months, giving you ROI of 8%, or for 1 year, giving your ROI of 20%.
- Current price is $1.10, low circulating supply of 22,600,000 ETP.
- Metaverse has about $200 mil. in funds.
- The founder of Metaverse is Eric Gu, a co-founder of other blockchain projects, including ViewFin™, the market leader in Blockchain technology in China. Eric Gu, CEO of Metaverse, is one of the sever Cofounders of ANS/NEO, who left to build his own better blockchain - ETP. He is also an adviser at Loopring LRC and a few other blockchain projects. He was an ICO investor in Bitshares. What I have also found, Eric was living 13 years in Canada working as a senior programmer for Haier (Haier is a Chinese brand which had the world's largest market share in white good in 2014, with 10.2 per cent retail volume market share).
- Eric has a very strong contacts in the crypto industry, including Vitalik Buterin, who Eric showed around when Vitalik was visiting China.
- Eric Gu is an advisor for an upcoming AION ICO - https://aion.network
- From this interview (link below), Eric Gu himself anticipates the value of the Metaverse token to “go up as many times as NEO”. https://cryptovest.com/news/cryptovest-exclusive-metaverse-token-major-exchange-listing-imminent/
- More informations about Eric Gu, the CEO of Metaverse -
- Metaverse is easier and more suitable for Chinese people to use than NEO as it's tailored for a business people and does not require any developing skills, neither knowledge of English language, making it a better choice for business people and therefore will have a wider public use, mainly in Asia. Bear in mind, most of the Chinese people does not speak English and do not have a skills to program in Solidity.
- Also, Metaverse offers a way more than NEO does. As
in her Reddit about ETP wrote, "Oracles are just one of the solutions they offer. Others include digital assets, digital identities, etc. They offer holistic blockchain as a service for all kinds of businesses.
The services include a combination of Chainlink, NEO, CIVIC etc. into one business-friendly platform." - Metaverse is the same size company as NEO, with currently 60 staffs at Viewfin, a leading Blockchain enterprise within China, which Metaverse is working together with(as said above, Eric Gu is Viewfin CEO)
- Here are Metaverse frontman's - https://imgur.com/Uap6Jpm
- Currently Metaverse has 5 developers, not including front-end.
- Team is made of professionals. Chen Hao, Metaverse CTO, won an award on the ArchSummit2017, where at least 200 Buissinesses were participating.
- Metaverse partnered with Moscow's based KICKICO and сrypto investment bank CyberTrust and together are aiming to take over the ICO market in China and Russia. After only six months of launching Metaverse, there are at least 20 companies that want to make Initial Coin Offerings (ICO) on the Metaverse Blockchain platform. Over the next year, the fund partners plan to conduct about 100 ICO projects. These ICOs will likely technically be temporary based in Russia, untill the Chinese government regulates ICO's and solves the current situation in China.
- The reasons this is so under the radar in the Western world is because of a small exchange (just got listed on bitfinex 2 weeks ago) and mainly because of the recent Chinese ICO ban, which caused a panic sell and the price decreased from $7 to the current $1. When that happened, the main goal for ETP was to rethink their strategy and find a solution. As said above, recently ETP was to rethink their strategy and find a solution. As said above, recently ETP partnered with Russians KICKICO, where they could be likely temporarily hosting their ICO's again once it's all setup. Marketing is not their main concern at this moment, the product is, which is a good sign. ViewFin is a huge company and I strongly believe they are doing their best to get everything running again asap. With Russian partnership this could get even bigger than what it was before. This could create a main crypto connection between the two biggest economies - China and Russia. Once everything is sorted out and Metaverse will start theirs marketing again, the previous $7 should really be the floor.
- As said in telegram, Metaverse is INTENDING to stay low profile with marketing until the next month. I won't be spreading any rumours here, but November could be an interesting month for Metaverse. Follow their Telegram in order to get more informations on the current development.
- Because of the new rules and regulations in China, Metaverse is rethinking its strategy, but the project and the work on the project is continuing without disruption. Metaverse is allowed by the Chinese government to continue their work on the Metaverse platform.
- Eric Gu, the CEO of Metaverse is intensively working to get Metaverse listed on a bigger international exchange, which is their main goal for this month of October. On 17th of August, Eric Gu WAS INVITED to meet the senior management team of Korean Exchange Coinone, where ETP could potentially get listed soon. In October 2017, Metaverse got listed on rightbtc.com, Dubai's first global coin to coin trading platform, and also was added on bitsun.net exchange, which lists only the top coins - ETH, ETC, LTC, and BCC, ETP is amongst them! Considering it's a Chinese coin with a huge potential, it could start trading on Binance anytime. When that happens and people will start paying an attention, Metaverse could literally explode as NEO did.
- At this moment, Metaverse is working on the team introduction video and also considering to do AMA with Metaverse CEO, Eric GU.
- Their wallet "TokenMaster" is available for download on Google Store. iOS version of wallet is currently under the verification process of Apple Store.
- The Metaverse ICO was on Sept. 5th, 2016, the price for token was 6000 ETP/bitcoin, around $0.3 per ETP. That would explain the first drop in price as it did hit the exchanges a couple months ago.
- Since ETP got listed on Bitfinex a couple weeks ago, the price bounced from it's ATL and went up about 500% up, before stabilising right at the 61% fibonnaci retracement with a nice support around 0.000260, where it's sitting right now as I write.
Roadmap:
- https://imgur.com/a/wRiSi
- For the rest of 2017 - getting listed on a new international exchanges, iOS wallet app, asset reinsurance, asset freezing and basic functional development of digital identity.
- 2018 - the digital identity function upgrade, pledge asset and digital asset exchange.
- Future - BaaS (Blockchain as a Service)
Whitepaper:
http://newmetaverse.org/white-paper/Metaverse-digital-identity-white-paper-v1.0-EN.pdf
Qtum, Metaverse and NEO are seen as three leading smart contract platforms with large operations in China. Let's compare them.
NEO
Market Cap - $1,844,580,000
Circulating Supply - 50,000,000 NEO
Total Supply - 100,000,000 NEO
Price - $36
QTUM
Market Cap - $704,937,900
Circulating Supply - 59,000,000 QTUM
Total Supply - 100,000,000 QTUM
Price - $11.90
ETP
Market Cap - $24,902,036
Circulating Supply - 22,600,000 ETP
Total Supply - 52,244,767 ETP Max: 100,000,000 ETP
Price - $1.20
All of them has a great technology, but one is relatively new, under the radar and severely undervalued.. ETP!