Flipside Daily Mover: CS
A coin per day, making big moves
CS Partial Token Swap Sparks Utilization
September 12, 2019
CS User Activity climbed 56.30% over the last 3 weeks, driving FCAS up 76-points (14.23%). Developer Behavior spiked 15-points (2.01%) along with a 73-point (13.83%) rise in Market Maturity. Price is up 54.42% over the same time period.
50,000 Tokens to Ride
Credits has created a decentralized blockchain platform, boasting high transaction throughput, smart contract functionality, and dynamic block sizes. The protocol leverages a Proof-of-Authority (PoA) consensus mechanism reminiscent of Delegated Proof-of-Stake (DPoS) models. The team launched mainnet on March 31st.
On September 5th, Credits initiated their partial token swap designed to bring transaction validators onto the network. Minimum swap size was set at 50,000 tokens, the number required to participate in the PoA network consensus. Prior to commencing the swap, nearly 200 applications had been submitted to run validator nodes on the network. As a result, User Activity metrics on CS ERC-20s have spiked as large-scale swaps are initiated and mainnet Credits validators come online.
🌶️ Hot Take
The list of Credits partnerships is extensive, demonstrating a wide-range of explorative use cases. Moreover, the network has continued to mature as new nodes come online and more DApps begin leveraging the platform. Still, the full scope of these partnerships with high-profile companies have yet to yield results, with most DApps currently utilizing the platform being gambling-focused. This is telling that enterprises are wading into the blockchain realm, but are being selective about where they allocate resources. It will be interesting to watch how these partnerships evolve as the Credits blockchain strengthens.
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