Are we dealing with arrogant developers, or a good project? That’s what we’ll have to investigate with SuperiorCoin. There are a lot of coins out there, and for one to claim superiority is obviously a boost to be looked at with careful speculation – what exactly are you trying to say, now?
The reserve currency of choice for ideas, services and collaboration.
Any currency could claim this, depending on the situation. What makes this coin special?
Superior Coin is a secure, private, untraceable currency. Unlike many crypto currencies that are derivatives of Bitcoin, Superior Coin is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation. Superior Coins main emission curve will have issued about 1.5 billion coins to be mined in over 30+ years. Superior Coin protects privacy in three ways for all transactions on the network: 1 ring signatures hide the sending address, 2 RingCT hides the amount of the transaction, and 3 stealth addresses hide the receiving address of the transaction.
So it’s based on the CryptoNote protocol, which is best demonstrated by Monero and Bytecoin. This is not a bad thing – both of these are valid coin efforts, and Monero in particular holds a high value. Nevertheless, simply having stealth addresses and all this does nothing to prove why you’re “reserve currency of choice for ideas” et cetera. There’s no justification for that claim at all going on here – it’s just a projection of your own ego, it would seem, because already we see that this coin is not superior to, at least to Monero or Bytecoin, or any other Cryptonote coin for that matter, and whether or not one believes those are competitive with Bitcoin is a personal opinion.
In any case, we’re running into a question:
What is the fundamental offering here? Another CryptoNote coin with a cocky name. That’s not much of an offering. There has to be something worthwhile going on here. Or are the designers simply trying to score a buck in all the new buzz surrounding cryptocurrencies? One can hardly blame them, and it happens every day, but nonetheless, it has to be considered a possibility when there are no real, differentiating offerings here.
It would seem the value proposition of SuperiorCoin will be similar to other CryptoNote coins. Monero has values as high as $50 and often higher, whereas Bytecoin holds a small value in Satoshi, making it a coin that you can hold a lot of and gain that way. If SuperiorCoin is added to the MinerGate platform, where most CryptoNote coins, as well as Ethereum, are mined, then you can see it gaining a slightly wider adoption – probably being added to the Changelly platform after that. All of these moves would be definite upgrades in the chances of this coin’s success.
Given everything that is known, it doesn’t look great, but it doesn’t look terrible either.
The risk involved with a new coin like this is that the founders simply continue to dump on everyone, depressing the price. Such a risk is real and worth a full 2.5 points.
The growth of a new cryptocurrency is unknown. If the above-outlined steps are taken, and there is liquidity as well as a good jury of miners, then we can safely add 4 points for growth potential.
CryptoNote coins are gaining adoption because newcomers to the market don’t understand how to get into complicated mining schemes, but they can figure out how to press a button that says “start mining.” As such, people are looking to MinerGate as a solution for mining, and they are mostly exposed to CryptoNote coins through this interface. If SuperiorCoin were added, its adoption would follow a similar track to the rest of the Bytecoin forks. We add 2 points for this.
This gives us an outcome rating of 3.5 of 10.
Superiorcoin Investment Details
To invest in SuperiorCoin, you can either mine it following a guide or you can buy it through the website. Mining it will probably actually yield coins, even with a CPU, so it’s worth looking into. If it’s added to MinerGate, its mining difficulty will probably increase, but so too will ultimately the value of the coins.
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