I have been in crypto space for some time now, and one thing I can say for sure...
in crypto space it is never a boring time, as we can see that new cryptocurrencies
are born and other die almost every day.
2018 is the year of Masternode coins, but sadly I have to say that most of them are just scam coins or coins without any use case in real life. That is why good crypto examination is necessary and needed to reduce risk level.
Today on 'menu' I have Nodium coin. What is Nodium?
Nodium is an open source crypto-currency focused on fast private transactions with low transaction fees & environmental footprint. It uses Proof of Stake protocol and variable seesaw reward mechanism that dynamically balances 90% of its block reward size between masternodes and staking nodes and 10% dedicated for staking.
Yes, 90% is going to Masternode owners!
To run Nodium Masternode you will need 10,000 XN coins locked
Nodium is a fork of Dash and Pivx coins, like most of masternode coins,
and they credited other developers with respect.
Nodium is focused on Privacy and Speed with:
- Anonymized transactions using Privatesend.
- Fast transactions featuring guaranteed zero confirmation using SwiftNode.
Coin specifications:
One thing I don't like for Nodium is high premine (4 million coins) !
That is roughly 10% of the total coin supply.
They say it will be used for listing on exchanges,
for bounties, founders, and developers.
I would like them to be fully transparent with premine addresses,
and do a partly premine burn of coins, that would help them
to gain more confidence and trust with people.
After talking with team, I found out more about the story behind Nodium coin,
with Nodium dex Marketplace, and Nodium decentralised exchange plans.
For now, team of developers wants to be fully anonymous without any reveal whatsoever,
and I was very persistant to get some information form them. This however may change in future.
They are very active in Discord channel, so you can join and ask them any question you want.
Long term Nodium plans:
- Wide scale use case
- Smart contracts
- Card/App payment system
- Decentralized exchange
- Decentralized marketplace
- 1000+ masternodes
Nodium aims to help bring cryptocurrency to a larger audience,
and maintain it’s use case as a community
driven project with developers and supporters at its core.
Private transactions and speed are a primary focus
for the project. Nodium aims to represents a real world
sustainable use case in the long term view of
blockchain and using cryptocurrency as a form of payment.
Things I do not like for Nodium:
- 20 Masternode presale
- 4 million premined coins
- no info on team at all
Things I (could) like for Nodium :
- active developers and community
- voting proposals
- github with info and whitepaper
UPDATE:
Soon after my review...I also found out another clone scam coin Rhenium
https://github.com/Rheniumnetwork
http://rhenium.org/
Same scam developer is behind it, and same style is used for this coin.
Almoust the same whitepaper, quark algo, same bounties, PoS, roadmap, anonymous !
same service used for domain, and many other things...
https://who.is/whois/nodium.org
https://who.is/whois/rhenium.org
**PREMINE ** for Nodium should be 4 000 000 coins, BUT
developer is using it for staking, and getting all rewards for himself,
and Premine is growing non-stop!!!
http://140.82.34.3/tx/6c0a555419037fc8726012f0f5349d317ddf8526c029473773076a4d95b0e116
http://140.82.34.3/address/NWR1EnF95UL3bDmwTWNUeFxsYGJMQWsFBu
http://140.82.34.3/address/NcDTGtVpNgKbdv5b4kuw7UeCp36rR1vA7T
Same thing for scam clone brother Rhenium
http://45.77.1.151/address/RD9k6jiHcPxtfcg8rg8nToafd6aWm8x937
http://45.77.1.151/address/RNbXpun6qyDvH5JPRLmiey6Mn1hPPkkjVH
Developer BTC address where you can track his transactions:
Nodium
https://blockexplorer.com/address/1BSu8HfVNT6aTYjeUhe1yZA4m9FGMYf2Tz
Rhenium
https://blockexplorer.com/address/1Jx48YzTwUkczo4Vp3CaeL9t5gJk2fsaaN
Verdict (updated):
On first look Nodium looks like just one more Masternode coin, and it is.
Nodium and his clone brother Rhenium are scam pump and dump coins.
Developer earns bitcoins from masternode presales,
then he sells all his coins and premine, dumping the price in the end.
Will I invest in Nodium?
No !
Why?
Because it is just one more SCAM pump and dump masternode coin
Join Discord:
https://discord.gg/kH7ZeuW
Website:
http://www.nodium.org/
Bitcointalk
https://bitcointalk.org/index.php?topic=3347625.0
Twitter:
https://twitter.com/nodiumproject
beta whitepaper (technical paper):
https://github.com/nodiumproject/Whitepaper/blob/master/whitepaper1.1.pdf!