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I have zero doubt about popularity of NFTs but the only concern is that there are already too many NFTs in the market and the competition is too tough for new comers. CATA has to come up with strong implementation of its project to have a success else it will just another shot coin.
On there website its written that project started as decentralized storage solution for FLOW blockchain. That clearly means they are targeting NFTs as well as decentralized storage. Right now I am waiting to see how they will look like once they are launhced. Lets see the implementation. |
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We also need to be realistic about the shortcomings in BTC and other top alt coins like ethereum, PoW has serious short comings that sooner or later need to be addresses. PoC and other consensus algos are the ultimate way forward that will take over the consensus algo in coming days. Just my few satoshis.
Despite shortcomings in PoW, its still the most poplar consensus algorithm and no other consensus algorithm has the ability to overpower the PoW. You can say PoS which mass is offering may stand somewhere after PoW but not near to it. The point is PoW is for Bitcoin but if you are looking to launch new coin then why not use some consensus algorithm that can full fill short comings of POW consensus algorithm. PoS are a good choice for new projects. |
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" We provide a one-stop storage solution for @flow_blockchain #NFT. Compatible with SQL queries, #CATA extends the #IPFS protocol to provide #decentralizedstorage while achieving flexible #metadata management, offering user&developer-friendly data access. Source " This is something huge, there are many like me waiting for this solution to roll out. |
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I don't think NFTs are in a mood of slowing down in 2022, even if they slow down then need for decentralized storage will always be there and CATA is doing the right thing by addressing decentralized storage and targeting flow blockchain for NFTs. I am just waiting to see how actual product looks like in coming days.
That may or not be true since 2022 is in its very early stage and so far NFTs are doing good, So I think CATA still has good road ahead in 2022 provided they meet there targets in 2022. If they can meet there targets in 2022 then CATA can reach new heights. |
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Even if we go with your logic MASS is still stable at price of 0.3$ and it has strong resistance in going down from this onward. I dont think there is much loss in buying MASS at current price. Even with zero response from there development team the project is very much stable
You may accumulate MASS at current price but I dont think it will give you short term benefit rather its a long time investment. There is hardly anything coming up about this project so its price wont go up from here. Just my own analysis about this dead project. |
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CATA is mixture of NFTs, FLOW and decentralized storage. The project has lot to offer in the form of its storage feature. Flow is one of the most popular NFT based blockchain which Cata is targetting.
But the issue with CATA is that its not going beyond its white paper launch, we only saw and read its whitepaper which is very much interesting but there is no update about its development activities. Still no update when they are launching there token sale or its sold to private investors only. |
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When you are starting your token sale and what will be the price of token during pre-sale? Do you offer any Airdrop before the launch.
It will be good idea to have airdrop to gather more people towards your project.
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That's very much true. Good time or profitable time to mine MASS was when it was not on exchange. Right now its price is volatile so we can see that complexity has also gone up. Its better to buy MASS rather then mine, its more profitable that way. Just my few satoshi.
What if in the future MASS will still be like now ? will you keep it or will you ignore it ? because everyone who is patient has his limit in terms of waiting and also has a target time that he must set for a profit on every coin he chooses now. If you are HODLer then you can wait for your target price. See current price of BTC, if you have bought BTC at dip then you can enjoy selling it at its ATH. MASS is down right not but that doesnt mean it will be down for ever, i will wait until I see my target price. |
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The way BTC is going I am very much sure we will see alt coins in action too. Can someone guide how and where to buy CATA?
Its good project that is targeting both FLOW blockchain and storage over the blockchain. Its like killing two birds with single stone.
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Price of MASS is gaining momentum and hopes are that in days to come its price will go up.
There are not much options available for new miners, MASS is a good opportunity for those who looking to mine something on there computers.
No new miner in MASS since the early mining phase has been long gone. Now it become hard for any new miners as the price of MASS ain't high as it use to be. Either they decide to be in MASS because they really think the coin recovery or truly has nowhere to go. That's very much true. Good time or profitable time to mine MASS was when it was not on exchange. Right now its price is volatile so we can see that complexity has also gone up. Its better to buy MASS rather then mine, its more profitable that way. Just my few satoshi. |
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Whenever any coin in crypto goes up it goes way up. If you wanna take chance in any coin then better invest in it before its officially launched on exchanges. CATA seems very solid project to me and I am keeping a close eye on it, specially on its compliance with FLOW blockchains.
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OP you mentioned that MASS has shifted the consensus algo from expensive mining devices to storage but you haven't mentioned the distribution of reward based on quantity of storage. Like What reward one will get if he has 1 TB and other has 10 TB.
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After going through the comments I can say that there is a mixed opinion about deflationary tokens. We need to study and do our own research to make a final conclusion.
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The point to ponder is are there any deflationary tokens that have given any profit to there investors or they are all sleeping coins?
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BOOM is slowly and gradually coming to its previous price before we saw 400% spike in price. I will wait for a more dip before I jump in. it will surely sleep for a while but will jump up, no one knows when it will jump up. Lets just buy and HODL.
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