Oct 26, · Community: There are two primary aspects of community analysis: social media presence and Bitcointalk threads.I’ll begin with the former before moving on to the latter. Social Media: Concerning social media presence, there are five main platforms to examine: Twitter, Facebook, Telegram, Discord and Slack. ALQO doesn’t have Slack, but is present on the other four. Official ROI: % / days 24 hrs rewards for masternode: 4, Last masternode reward: XLQ for anH6EBZunnyos9iYXdvNpUp8oaXF93q. ALQO coin: create & add your masternodes is free for monitoring and tracking, Which gives you the most accurate result with all the listed exchange. BitcoinTalk. Facebook. Estimated ROI Coins For Masternode 10, Masternodes Online. 1, Annual ROI. %. Last Block. , Donate ALQO × Chart.
Alqo masternode bitcointalkMasterNodeCap - ALQO (XLQ) Masternode
This, as should be evident, means that remaining supply emission is severely limited, and thus the headwinds for appreciation are barely noticeable. In that time, a little over 3 million XLQ are estimated to be minted; the equivalent of That equates to an average daily supply emission of 1. This suggests that the current level of demand is very much likely to soak up the remaining 81 days-worth of supply prior to the final block reward stage beginning at block Now, if you thought 5.
This all speaks volumes for the upside potential of ALQO. As a speculator, I seek opportunities for maximal profit with minimal risk, usually over the course of many months, if not over a year.
These figures present that opportunity, in my opinion. Where I find some room for improvement, concerning the General metrics, is in the Volume-to-Network Value ratios.
As with GeoCoin in the previous report, these figures are much lower than I generally like to see, but, given that we remain in a macro bear market though signs of reversal are beginning to appear , this is somewhat forgiveable. And, before we move onto the metrics concerning masternodes, I think the 0. The , XLQ from the premine are scheduled to be burned in about a week, according to the whitepaper. Okay, so the General metrics and the supply emission schedule seem to be pointing towards a promising opportunity, at least on the mathematical front if not the fundamental.
This equates to roughly half a million dollars-worth of ALQO being bought in the previous month for the express purposes of running a masternode.
Further signs of strength being exhibited here. However, where ALQO as a project continues to show weakness is in its explorer functionality… I was unable to determine network staking weight using either the local wallet, ALQO block explorer or the staking-specific though very limited explorer linked in the Discord group.
Finally, we come to the Distribution metrics. My apologies for these being sparse, but, once again, the block explorer has let us down. Rich-lists are unavailable and the only distribution figures available are those concerning supply held by the top addresses.
I had a similar problem in the last report with the lack of rich-list analysis. Anyway, let us make do with what we have, and what we have is as clear a picture of the definite decentralisation of ALQO as one could get. The top addresses control a mere Oh well. There are two primary aspects of community analysis: social media presence and Bitcointalk threads. Concerning social media presence, there are five main platforms to examine: Twitter , Facebook, Telegram, Discord and Slack.
Slack seems to be going out of favour with the crypto-community, in general. This is promising. For that single post, however, there was a 3. This is a mid-sized group for altcoins, as there are many projects that have groups of well over members at a similar age and network value to ALQO.
The discussion is primarily support-focused, with community questions and concerns being raised by over 50 individual members over the past week. These questions are promptly answered. I did also spot a little community input on future marketing campaigns, which was another promising sign. There is clearly a very vocal community, and admins are incredibly responsive.
This clear delineation between topics of interest is a big plus; all too often do I see groups with three of four channels, commonly named General, Announcements, Trading and Miscellaneous. Not very useful that. There also appear to be a consistent stream of development updates and announcements, and project resources have their own channel for greater accessibility.
Overall, thoroughly impressed. After evaluation of the Discord group, it was always going to be difficult to find a similar level of constant engagement and discussion of ideas elsewhere, but the BitcoinTalk thread did well enough. Having launched in November almost a year ago to-date , ALQO has generated 84 pages of conversation, with posts.
More recently, there have been posts by 52 individual posters in the past 90 days — a post-to-poster ratio of 2. Taking the entire history of the thread into account, ALQO generates an average of posts per month; an average they have fallen under of late.
However, what was more promising was the overt statement-of-intent by the team to refocus attention on BitcoinTalk. In general, conversation was community-led, focusing on support questions, as would be expected of a thread. Overall impression of the ALQO community is one of evident commitment and genuine excitement towards the project. For the following Development analysis, I will be evaluating project leadership, the website, the roadmap, the whitepaper, the wallets and finally providing a general overview:.
According to the website, there is a permanent team of 7, with 3 executives and 4 other members. Backgrounds seem strong across-the-board, particularly for the 3 leading members of the team. When taken into consideration with the strength and size of the community, I believe the project is in a strong position concerning leadership. Regarding the content of the site, it is highly informative and clearly delineated, covering all possible topics of interest with links to further reading such as the whitepaper.
There is also a native forum, but I was surprised not to find a native blog, especially for a project like this. The roadmap is certainly impressive relative to the roadmap we saw in the GeoCoin Coin Report. There is a history of goals and targets from the initial launch, and clearly defined, specific goals for the present and future.
The whole roadmap is split by quarter, and short descriptions are provided for future developments alongside their project code-names to ensure user accessibility. The roadmap goes well over a year into the future and exhibits a number of ambitious goals, such as the current launch of the Liberio wallet; the nearing launch of the Bitfineon exchange; upcoming integration of Zerocoin for anonymity purposes; a new and improved whitepaper; a payment processor; a smart contracts system; and real-world partnerships with financial institutions.
The team certainly seem to have hit all quarterly deadlines for historical goals, and with the imminent launch of both Liberio with full-functionality and Bitfineon, it seems they will continue to do so. Overall, a 4 out of 5. My first impression of the whitepaper was that it felt refreshing to read one that lacked all verbosity and unexplained technical jargon fluff, essentially , and contained clear and concise material segmented by relevant chapters and sub-sections.
This makes the whitepaper accessible to all, even the most tech-illiterate. Any potentially unfamiliar language and terminology is explained and visuals are included to further ensure accessibility. The document clearly describes the aims of the project but I am not surprised at the upcoming whitepaper update, as this original document is much less ambitious than the current state of the project. The goals set out are generic, primarily revolving around instant transactions with optional privacy; a far-cry from the present and future developments of a full financial and cloud services ecosystem, though inklings of these ambitions do exist in the whitepaper.
Overall, the whitepaper is informative and comprehensive but simply out-dated. A solid 4 out of 5. The current available wallets are three local windows, Mac and Linux and a limited version of Liberio. I believe the fully-functional version of Liberio, which will act as the central platform for the ALQO ecosystem, will be launched this quarter. There is a lot going on regarding ALQO. They have several interesting projects and developments ongoing, but I believe Liberio and Bitfineon will be the two most important releases for the growth of the coin.
Why do I say this? This is significant for those of us concerned with price growth. This, however, does not take into account the fact that most of these exchange tokens do not offer a share in revenue for holders. One coin that does, and that is very useful for our comparative purposes, is BridgeCoin; the exchange token for CryptoBridge.
This presents a world of opportunity for price discovery, based on this single value proposition, let alone any of the other use-cases the ALQO team are developing. In Market Outlook 3 , which was published around a month ago, I posted some analysis of the ALQO chart at the time, and relatively little movement has happened since that time. This is about as textbook as it gets when it comes to a market cycle.
This was followed by a Complacency shoulder that then led to this extended drop-off and current consolidation. Price seems to be slowly rising from the Depression range towards potential Disbelief. However, volume is still low, and I would like to see this pick up in the coming weeks to confirm the reversal and beginning of a new market cycle.
As is evident, the reward-to-risk based purely on the technicals is huge. There is a lot of price discovery remaining going forward, I would imagine. This research process has been even more fascinating than that of the first report, and my bullish outlook on ALQO has been cemented by the deeper scrutiny. My final grading for ALQO has to be a 5 out of 5. GeoCoin scored a final grade of 4 for being strong in all the right areas, but ALQO has excelled in them.
There is room for small improvements here and there, particularly concerning the lack of block explorer functionality for more thorough rich-list analysis, but overall this presents a very strong opportunity for maximal future profit with minimal risk.
Also, these reports take around hours of work to publish, so it would be a waste of time for me to write them on altcoins I know are going to score poorly. I would get no valuable, actionable insight out of it, and neither would you.
Thus, the majority of these reports will likely score either a 3, 4 or 5, though a 5 will be reserved for what I believe to be only the strongest opportunities. This is clearly a growing network. With masternode collateral set at 10k XLQ, this equates to Whilst not a huge nominal ROI, this is around twice the inflation rate, which is incentive enough to run one. This is indicative of a moderately strong masternode network.
I was glad to find that there are 14, holders of XLQ, as this is the 10th-highest address count of all coins previously reported on. With regards to distribution of supply, the top 10 addresses control Regarding the activity of the top 20 addresses, only 1 was inactive over the past 30 days excluding the top 2. Moreover, only 1 address was in active accumulation via transfers in, adding k XLQ during that period.
The remaining addresses were all masternode operators and stakers, accumulating via rewards. There are two primary aspects of community analysis: social media presence and Bitcointalk threads. Concerning social media presence, there are four main platforms to examine: Twitter , Facebook, Telegram and Discord. ALQO is present on all four platforms.
The ALQO Twitter account has a modestly-sized audience of 8,, with equally modest engagement at 0. Now, with regards to Facebook, ALQO has a much smaller audience of , and, as such, one might expect stronger engagement. This is actually better than many engagement rates among prior reports, as Facebook is often extremely weak for most cryptocurrencies, but it is still low given the audience size.
Relative the benchmark rate across all industries of 0. Regarding the content of discussions over the past week, much of it is general chat between community members, along with some discussion on recent updates mentioned earlier in this section.
This is important, as it suggests to me that there are genuine users waiting for the product. We also find screenshots in this channel of the UI and it looks great.
More importantly, however, I found that there is a third-party security audit expected to be conducted shortly. Jared, the CEO, is also clearly happy to engage with the community and regularly answers questions, as well as taking on board suggestions for the exchange. Overall, the Discord group is relatively quiet but there is definitely interest here in the longevity of ALQO and, primarily, the success of Bitfineon.
The group does not appear to be in regular use, with only 16 messages posted in the past week. Among the messages posted, I found announcements on the aforementioned Crypto Daily partnership, as well as a message from Jared on the Liberio Compensation Fund, ensuring that the community is aware of it and that it will be distributed following the launch of Bitfineon.
This equates to 1. The announcement itself is simply a screenshot of the website homepage, which I will cover in its own section later in the report. Regarding the activity on the thread, the vast majority of posts are community members who seem very much excited by the imminent launch of Bitfineon and the overhaul of ALQO. There appears to be genuine interest in the longevity of the project and, more importantly, a degree of trust in those now running the ship.
This is in stark contrast to the Telegram group. For the following Development analysis, I will be evaluating project leadership, the website, the roadmap, the whitepaper, the wallets and finally providing a general overview:. The ALQO website is sleek and modern in its design, with good branding and an informative, visually appealing homepage, within which the entire website is situated.
The navigation is smooth but not comprehensive, with plenty of detail lacking, particularly given the fact that everything is located on the one homepage. I am, however, aware that the website release is very recent and the team have also clarified that the website is under active development, with more sections to be added over the coming weeks. It may be wise to be more direct here, as this is the first thing a user sees when they navigate to the website.
Moving on, we find a dedicated overview of PayinX, which is intended to solve price volatility issues for merchants that accept crypto, with immediate settlement into fiat or stablecoins. Following this, we find a section on Bitfineon, with a link to the exchange currently in development , as well as screenshots of the modern UI.
There will also be a revenue share scheme dubbed Sharepool. Next, there is a section on FALQON, the proprietary blockchain, which will be a highly-scalable network that provides smart contracts, cross-chain atomic swaps, token issuance for security tokens, ThumbID naming for wallet addresses, a light client and DApps.
Coming to the footer of the website, we find the coin specification, along with an introductory video that may be better suited towards the top of the page and links to social platforms. Overall, the website is well-designed but needs filling out in order to be a reliable one-stop resource for potential new users. It is quite brief and is presented as a chronological timeline, beginning with Q2 , in which a new release of the desktop wallet is expected.
Either in Q4 or early , there will be mobile wallet releases. There is no whitepaper currently available for ALQO, post-relaunch. There is no hardware wallet support at present, nor a mobile wallet available.
Liberio was intended to be a multi-coin wallet with many desirable features, such cold staking and encrypted data sharding, and, with the data structure it had promised, the attacks that actually occurred should have been virtually impossible. Liberio was designed in its entirety by Kevin, who has sole access to the source code. Upon release of the wallet, there were several small issues that were stemmed for a short while, but the ALQO team itself asked Kevin for access to the source code in order to seek a third-party security audit.
Kevin declined these requests on multiple occasions. Fast-forward to February and users began reporting funds as having been withdrawn following unauthorised access and sent to exchanges, sold to BTC or ETH and then to fiat gateways.
Given this, further attempts were made to have a third-party security audit but Kevin refused again and opted to implement 2FA as a compromise. Months went by and more users reported losses, with this pattern making it highly likely that there were either significant code issues or that Kevin was responsible. Kevin finally agreed to provide a series of technical articles detailing the codebase and architecture to the public after being pressed to do so by Jared the CEO of Bitfineon.
However, these articles were never written nor did Kevin assist in any investigation and so the team asked him to step down from his role. The prevailing opinion among the team and community is that Kevin was directly involved in the losses and he has since fully departed and a Liberio Compensation Fund has been created to reimburse affected users following the imminent launch of Bitfineon.
The harsh sell-off eventually slowed as price found support at 3, satoshis in April , but this floor gave way a few weeks later and the bleeding continued, with price hitting satoshis before it caught a bounce.
This bounce was short-lived, as the 3,satoshi support became firm resistance, and price bled out slowly for months until the all-time low formed at 35 satoshis in July This is where a new range has formed, with the all-time low acting as support and range resistance being found at the prior support around satoshis.
This current range between 35 and satoshis yep, over 25x from bottom to top has been in play for over a year and highlights the extremes of price volatility that can occur in microcaps and the bottom tier of lowcaps. More importantly, we can see that there has been negligible volume inside this range for the majority of its duration, and this is likely a symptom of the sole and minor exchange listing that XLQ has.