CRYPTOCURRENCY ANALYSIS ANS (Antshares)

I did this analysis for a study group of cryptocurrency a week ago and I want to share it with you:

ANS Background

AntShares is a decentralized Blockchain protocol through which you can digitize and exchange real assets through a person-to-person network. AntShares can be used in various applications such as Equity Crowdfunding (collective financing of a project consisting of many small contributions per investor), Personal loans, Digital asset investment exchange, customer loyalty programs, supply chain financing, among many others.
The block-based digital asset platform AntShares is leveraging the power of distributed accounting technology to create a peer-to-peer platform that enables people to collaborate, build and share financial assets in a decentralized network.
AntShares bridges the gap between traditional and digital financial ecosystems by enabling the creation of digital assets and the conversion of real-world financial assets to virtual ones. People can register, deposit, transfer, negotiate and even make the settlement of digital assets on the AntShares network.
AntShare (ANS) is a digital asset that represents the ownership of the AntShares platform. In order to facilitate the payment of commissions and other transactions for the operations of the platform. The platform has set the total number of AntShares at 100 million, with the smallest asset unit being 1 AntShare.
AntShares was originally from China and was the first fully refundable ICO in which the investor could choose to waive and withdraw funds at any time prior to the launch of the AntShares software. The successful ICO process that had been planned for a month (August 8, 2016 to September 7, 2016), in the first 2 weeks of collection already had more than 4.400 Bitcoins of capital, therefore the phase of ICO was terminated with several days of anticipation due to the overwhelming results obtaining in total a collection of 6.199 Bitcoins. In order to maintain transparency and accountability, the platform partnered with two respectable cryptocurrency exchange houses in China during the ICO process.

Recent News

As of October 2016, the ANS Token (AntShares) was released, and today it can be traded on 5 digital currency exchange platforms: Yunbi, Yuanbao, Jubi, 19800 and Bittrex. All are Chinese except Bittrex.
Since its release on October 1, 2016, the USD price has been valued at approximately 4,600%, as the currency came out with a unit value of 0.21 USD and today (June 21, 2017) has a price of 10.18 USD approximately. The price on BTC has had a variation of approximately 1060% since its launch, going from 0.00034 BTC to 0.004055 by Token. As for market capitalization, today June 21 is ranked in position 14 of the list of https://www.coinmarketcap.com with a total market volume of USD $ 509,070,000 and a daily transaction volume greater than USD $80,000,000 in the last 24 hours.

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ANS Perspectives

Recently on June 19 of this year, ANS experienced a rise of more than 140% to position about 11.4 dollars per unit, after operations that totaled more than USD $260,000,000 and at that date reached a total market capitalization of more than USD $541,000,000.
That is, the currency registered the first price jump since the presentation of its ICO in the last quarter of 2016 and benefits from its inclusion among tradable currencies through the Agrello platform in the near future.
AntShares has some high profile partners, including WINGS (collective project finance company), Alibaba (it is a Chinese online trading company, the largest in the world) and Microsoft that does not need presentation.
In recent days, AntShares Representatives have attended at least one government-sponsored conference on Blockchain. It is also known that AntShares sponsored and held a Blockchain competition in collaboration with a committee of the Shanghai Municipal Government.

What is causing the current increase in value of AntShare and can boost it in the mid term?

  1. AntShares is very comparable to Ethereum, which has already experienced its own spectacular value gain over the last 6 months.

  2. AntShares has implemented important steps to solve its scalability problems (according to its own website), something Ethereum is still working on.

  3. AntShares will hold a Blockchain conference / seminar this Thursday, June 22, and according to the details surrounding this event, it has been revealed that Microsoft will be speaking at the event, in addition to launching an expected rebranding of AntShares.

  4. Currently, AntShares is only available on 5 digital currency exchange platforms, with only one available for exchange (Buy / Sell) of AntShares (ANS) by Bitcoins (Bittrex). This blocks the entire Western market from trading on a single platform, and with its possible entry to other Western platforms it is logical that both market capitalization and price increase.

  5. Because of the scarce marketing information and the profound language barrier (most of the documentation on AntShares is in Chinese), Western markets are only learning about AntShares' potential recently and many are seeing a second chance as with their own profits Of Ethereum.

  6. At this moment only 50 million Token are circulating in the market, and the maximum is expected to be 100 million tokens.

  7. AntShares has been in development since 2014, and offers the ability to implement intelligent contracts / DAPPs in many more languages than Ethereum currently supports.

  8. Many Westerners just so far are learning about China and its current fascination with digital money. The recent emergence of QR codes and digital currency transactions has been well documented and fits perfectly into AntShares' vision.

  9. AntShares today is unique in the Chinese market and is in a convenient position to dominate the Asian market, given its characteristics.

In conclusion, it is believed that ANS may present a phenomenon even higher than that presented with ETH if one wishes to make a long-term bet, especially if we expect it to enter other western platforms of digital currency exchange (Poloniex, Kraken, Bitfinex, Coinbase, among others).

Source of information contained herein:

Https://www.antshares.org/en-us/
Https://twitter.com/antshares?lang=en
Https://coinmarketcap.com/currencies/antshares/
Https://criptonoticias.com/mercados/tres-criptoactivos-disparan-antshares-firstblood-asch-suben-100/
Https://criptonoticias.com/aplicaciones/antshares-protocolo-blockchain-financialapplications-lanza-exitosa-ico/#axzz4kpFi2KzP
Https://criptonoticias.com/aplicaciones/agrello-construira-sobre-ethereum-apoyara-other-plataformas-importantes/#axzz4kpFi2KzP
Http://www.diariobitcoin.com/index.php/2017/05/05/la-invasion-blockchain-que-se-se-fragua-en-china/
Https://medium.com/@stokchain/antshare-what-we-know-and-why-its-skyrocketing-in-value-a7e5291dc3c4

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You forgot to mention that by holding ANS in your own wallet you create ANC, you cold go more in depth.

You are very right, thanks for your input.

Thanks great info

great read!

I am very interested to see how the Byzantine Fault Tolerance algorithm plays out in ANS. I think it could be an important part of ensuring blockchain maintenance/propagation is sustainable from an energy consumption perspective.

Great info...The way i see it..A true sleeper!

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