Rating: Cardano | Rank: CC| Risk: High-

  • Rank: CC

  • Risk: High-

  • Overview

Project Name: Cardano

Established: September 2015

Registered address: N/A

Official website: https://www.cardano.org/en/home/

Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.

  • Community

The Cardano project has a certain size of fans, the English community is highly active, the atmosphere is harmonious, and there are more discussions related to the project and Cardano development. The Chinese community is mostly for users who are interested in the initial cryptocurrency; In general, there are a lot of information about official announcements and activities, and there are almost no major project progress disclosures.

Cardano has its own block browser, but it does not open the currency address query function. The chip concentration is unknown, but according to the visible transaction information, ADA transactions are frequent.

  • Token Analysis

The current price of the ADA is $0.0836, and the private placement price is unknown. The public offering price is $0.0020 to $0.0026 (September 2015 — January 2017), which has a 32-fold increase so far.

According to the Coinmarketcap data on September 21, the ADA is ranked 9th in the global cryptocurrency market value, and there are 25 online exchanges. The transaction depth is mainly concentrated in the Upbit and Binance exchanges.

From the performance of the most recent month, the price trend of ADA is in a state of volatility and decline, but there has been a slight increase in recent days. The trading volume and price performance are acceptable, but as can be seen from the figure, the price trend of ADA and the total cryptocurrency The market value is very synchronous. In other words, the price of the ADA is greatly affected by the total market value.

  • Information disclosure

The channel for Cardano’s information disclosure is mainly the official website, but we noticed that the weekly technical report on the official website has been in a state of being stopped from the end of last year. By observing Github, we found that the frequency of code submissions has dropped significantly since last year, and the rate of technology update has slowed down.

In July of this year, Li De, the former head of ADA China Community Operations, broke the news after leaving the company. The CEO of Emurgo, who is responsible for the ecological technology layout and investment of the Cardano project, is mediocre and incompetent. And when it comes to Ken, the Chinese market is saturated and there is no need to invest.

  • Conclusion

Cardano is a decentralized public blockchain and cryptocurrency project that is currently developing a smart contract platform designed to provide more advanced features than any previous protocol. Cardano is implemented in the Haskell language, which makes the development of the project much more difficult, which we think is a disadvantage.

Now that the market has a high break rate, the ADA’s currency performance is relatively good, but the ADA market value has fallen by as much as 80% compared to the highest point. Although the secondary market fundamentals of the project are performing well at the current stage, Cardano’s actions in disclosing information and technology updates have slowed significantly as the public chain project, the project cycle has been extended and there has been no significant results so far, combined with the explosion in July this year. Team scandal, we have reason to believe that the project has a higher risk.

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Rating standard

AAA>AA>A

Excellent project with high value, Highly recommended

BBB>BB>B

Quality project with upper middle value, Normally recommended

CCC>CC>C

General project which have certain potential

DDD>DD>D

Low quality project with not much value, Not recommended

E

Fraud or scam project with no value, Strongly not recommended


 

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