Avoiding The Shitcoin Plague — While On The Road To Serious Gains
A 15-Minute Cryptocurrency Guide To Buying Unknown Assets With Huge Upside Potential
In our first episode we will use two of New Capital’s projects win.win and FIX Network as the exemplary choices. With a market cap of respectively $300k and $1.1 million dollars on October 8, 2019 both can deservedly be labelled as small cap coins. With some secret sauce on top making them absolute gems.
Selecting and verifying the company
1. A larger group of companies, partners and individuals.
Behind most cryptocurrencies are a group of people that are notoriously difficult to verify and trust. Projects and investors are often divided by a decentralized world in which it is not easy to decipher the intentions of the team or one person. Some may hold a disproportionate amount of control over the blockchain and other activities, an excess that is harder to find in other markets.
Therefore, you will want to make sure that there is additional proof of responsibilities that go beyond just a few individuals.
2. Close examination can allay common concerns.
In case of New Capital and its partners there is sufficient evidence available to support various claims. The companies are registered in their respective countries, professionally linked with each other’s businesses and the main persons leading and developing frequently share and substantiate their activities with photos, videos and other actions inside the community.
“Our biggest disappointment was to witness the lack of transparency in the blockchain industry. A basic principle of blockchain is to promote trust. But unfortunately, many participants in the industry hold a completely contradictory stance, and that’s truly frustrating”, Edwin Terek, one of the visionaries behind New Capital, said.
It is this spirit of enhancing quality, transparency and trust in the blockchain field that New Capital team members are often seen traveling the world to lay the groundwork for new and stronger partnerships. They have also been focused on receiving legal advice to adjust to fast-changing regulations. The latest example of this is their commitment to implement procedures required under the new EU law 5th AML directive.
3. A short history of product development.
The two flagship projects of New Capital — win.win and FIX Network — both started out in 2018 with a strong foundation before launching their public chains in 2019. For these projects the team has initiated identical coin specifications and community structures in order to support transparent bounty distribution and an open-source future.
Win.win (TWINS — market cap $300k)
On January 1st, 2019 the Proof-of-Stake (PoS) mainnet of win.win was launched. There was no ICO nor presale, but an airdrop to participants and contributors, limited to 1 MN per person, to help with the soft-launch period.
Win.win will be an open-source Decentralized Exchange (DEX) which will run on the new Catapult blockchain of partner NEM. Its architecture is currently being finalized and the DEX developing on Catapult is expected to be available open-source in early 2020.
“We strongly believe that the true DEX should act as an independent and decentralized mechanism without any party getting financial interest from its operational activities. Therefore, we will do our best to create a self-sustainable model in which there will be no operational entity that controls access to the code base nor gains any financial interest from DEX operations.” — Alex Rožanski, co-founder of New Capital
In the meantime, the New Capital team is running a Community Exchange to bridge the gap and gain a user-base, liquidity, attract projects and gather knowledge in operations and legal aspects.
The win.win asset
TWINS coin, the asset of the win.win blockchain, will be used to power the DEX through no-fee transactions, decentralized swaps and hosting of tier masternodes, allow other coins to be migrated into assets issued on the TWINS chain — and many other critical functions the Catapult engine will support.
FIX Network (FIX — market cap $1.1 million)
Ask a cryptocurrency enthusiast what are the big names in the blockchain space today and he will easily name several of the top exchanges, hardware wallets, cryptocurrencies and media platforms. Israeli-founded FIX Network will be looking to take a similar position in 2020.
FIX Network’s preparations and progress [1, 2] have been long in coming.
With its advanced and next-generation SIM card and app functionality, digital asset and identity hacking could be a thing of the past.
The SIM cards, FIX ID 2FA solution and FIX coin not only have the technology to draw a large crypto user base and exchanges through sheer necessity of keeping funds secure, it will also be open-source and available for regional mobile operators to run their own nodes and integrate the FIX technology into native SIM cards of mainstream users.
“We see a future where identity theft and personal data abuse are technically impossible, our digital lives are safe, our digital transactions are secure, and we can always regain access to our digital assets. We believe that we have designed the right architecture to enable these ideas, and we invite you to join us and support our vision.” — Edwin Terek, co-founder of New Capital
The FIX Network asset
In this ecosystem, FIX coin will be utilized to support the FIX Network Security Policy and associated applications. Mobile operators and the global crypto community can participate in operating nodes to assist in the decentralization of the network and earn newly minted FIX coins.
In addition, and similar to win.win, the Developer Fund will be used for a wide range of development, community management, network sustainability, business development, marketing and on-boarding incentivization.
The FIX whitepaper outlines in depth what more it has to offer. This and other information is available by visiting their Discord. Moreover, the upcoming talent sourcing system and bounty distribution provide users with a real opportunity to participate early ahead of the crowd.
Judging its intrinsic value
1. Timeline
The activity of win.win and FIX Network are expected to flare up into the public in both Q4 of 2019 and early 2020. It is intended to have an airdrop distribution of TWINS and FIX — with the allocated fund capable of serving millions(!) of users — through the FIX ID app and on the New Capital exchange.
The preparations are currently ongoing and testing has to be done. You are welcome to provide your input and talents on their Discord.
2. Utilities
In the cryptosphere of 2019, many assets do not have an innate value to the user. There is not something they solve that another project hasn’t done already, and the purpose of the coin to even exist remains unclear.
Although basically every project has seen their value drop, with regulations incoming there will be a time soon when only the strongest of cryptocurrencies grow significantly in value.
It is arguably least risky and most profitable to look for projects that have proof of innovative products, human value and cost to back up marketing campaigns AND are ready for upcoming and strict crypto regulation.
3. Trustworthiness
Actions in the past do not predict the future. But it does raise the chances of a certain outcome. In case of the New Capital team the prospects for investors are a positive one. Whether it is transparent removal of coins after the stage 1 launch period or frequent news updates — the emphasis to keep the community updated is an important factor for trust in this space.
4. Listings
The New Capital Community Exchange is now listed on CoinMarketCap. Once the team has given TWINS and FIX the green light to be added on a second exchange, both assets can be shown on CoinMarketCap.
5. Factors for mass adoption
A team with wide-ranging professional experiences, innovative products, unique tools to draw market awareness and on-boarding campaigns, broad product integration opportunities with third-parties such as exchanges, mobile providers, enterprises and governmental institutions, an ecosystem ready to invite and host the global crypto community and incentivize talents.
How to own TWINS or FIX?
1. Join Discord
Currently the Community Exchange requires investors to join the New Capital Discord to be able to trade. This will change in the near future when the FIX ID app is launched and replaces Google two-factor authentication.
The other way to own TWINS or FIX is to participate in the Source Force system and earn coins by submitting work.
2. Deposit coins
Deposits are available for Bitcoin, TWINS and FIX, among other cryptocurrencies.
3. Trading pairs
TWINS and Bitcoin function as base pairs for other currencies.
FIX will initially be traded as FIX/TWINS pairs only. This is to encourage the support of both the FIX Network and win.win ecosystems, and to demonstrate commitment of the team to the long-term goal of developing the decentralized blockchain infrastructure.
4. Fees
During the start-up phase of the Community Exchange there will be no fees. From next year, transactions that include TWINS are free from any fees, while trades using BTC (or others) will have a fee of 0,1%.
5. Earning rewards
After buying TWINS or FIX it is common practice to stake the coins or run masternodes to earn interest [1, 2].
6. Should I buy TWINS, FIX, or both?
Nobody can make that decision for one another. It is always wise to spread investments over multiple different assets and to evaluate current value and prospects.
As of October 8th, 2019 the market cap of TWINS stands at $300k — which means it doesn’t make it to the top 1000 on CoinMarketCap — while FIX barely reaches that threshold at a market cap of $1.1 million dollars.
