Thought I'd make a speculation thread for the new kid on the block that is IoTChain. Using a mix of DAG and Blockchain, IoTChain aims to secure the upcoming 4th industrial revolution of IoT which stands for Internet of Things. We already know IOTA as a big player and first mover in this field utilizing DAG technology. Essentially IoT is luxury, its the ability for devices to communicate with eachother, such as self driving vehicles, a refrigorator that automatically updates your grocery list once the milk runs out for example and really anything that can have a computer chip implanted to make it a smart device.
IoT is considered to become the 4th industrial revolution but its halted due to security measures. DAG and Blockchain due to their decentralised nature and less vurnability to being hacked/attacked provide a solution to this problem. IoTChain specialised in hardware and blockchain/DAG provides that security. It also seeks a different route than IOTA, providing the software for computer chips that hardware producers manufacture. You can compare it to Anti-virus for the internet to simplify it.
Ofcourse we're still in an early stage of the project, they are mainly developing and doing tests in this period and have tests scheduled for the mainnet, which won't be operational according to the roadmap till end this year. Maybe we will see it sooner if things go well and maybe we will see a delay.
But IoT in itself is very interesting and many industry leaders are trying to crack the puzzle of making it possible. It is expected that by 2025 a majority of devices will be smart and ready for the Internet of Things industrial revolution.
Investing in this coin can be a bit of a longterm play but considering the reward if it succeeds it is well worth it. I wouldn't be suprised myself if this hits a 50 billion marketcap. I can see it going more (speculative), the company IoTChain has a lot connections in the Chinese corporate world (a foot in the door) and can more easily roll out their product. Considering its a second mover to IOTA but a first mover in the Asian world it wouldn't hurt keeping your eye on this one.
Short term: 20$
Mid term: breaking 1 billion marketcap and going beyond that.
Long term: Well over a couple of hundred dollars
10+ years: Who knows? It's considered to be an industrial revolution, a marketcap of a few hundred billions is entirely possible, hard to imagine but possible.
Interesting to note: From a youtube reviewer I learned that you can possibly lock up your IoTChain and in doing so earn more IoTChain once they are released back. The circulating supply is 50M and either CMC is wrong at this point or some people have already chosen for this option of locking it up. You can compare it to a form of staking.
-note- Not sure if this is the case though, I have yet to confirm it.
Where do you see this go? How high? What do you think of IoT? Would you invest in this?
(Disclaimer: I purchased most of my coins at $2-$2.50)
https://www.huffingtonpost.com/entry/a-beginners-guide-to-iot-chain-the-iota-of-china_us_5a4a4edee4b06cd2bd03e183https://71republic.com/2017/12/23/the-iota-of-china-how-iot-chain-itc-is-securing-the-internet-of-things/amp/Okay disclaimer:
This project didn't dub themselves as IOTA of China, thats huffingtonpost. And whilst China may have issues with BTC, blockchain as a technology is perfectly fine.
Also IoTChain didn't have an ICO but was issued trough private placement (google it). And the Chinese government is supportive of blockchain tech.. why wouldn't they?
