$TRIG Analysis - Awesome project....more distant than you think
https://www.blocksafe.network/
https://www.facebook.com/blocksafefoundation/ (Closed)
https://t.me/trigx (Not official)
ICO Price: 12,500 satoshis = 0.11 $ (Sept 2016 approx)
Tokens not sold during ICO: Destined for the foundation "Blocksafe Foundation"
Masternodes: Soon (Deferred date already 2 times previously). It is estimated that Q3 will be working. 1,500 coins as collateral.
Testnet on 05/14/2018
Product under development. (Existing prototype)
Market Cap_ $ 29.627.123
Volume (24h) _ $ 4.400.000
Volume average last year_ $ 3,608,521
Circulating Supply_32,105,578 Max Supply_32,105,578
Type_Token Minable_No
Rank_249
Last update on Github_: 03/08/2017
Number of Exchanges_1: Binance, withdrawals blocked since always.
Wallet: Undeveloped, have reference: https://wallet.indiesquare.me/
Age_1 Year and 5 Months (Birth 11/2016). The project was created in 20012.
TEAM
Founder: Kevin Barnes: Veteran of war, + 20 years of experience as encoder.
Investors: CEOS from different companies and people from the military world, including Black Water.
Marketing: People with experience in companies such as Apple, Coca Cola, Amazon ....
Overall impression: Only the founder has a technical profile, the rest of the team that appears on his website are marketing people or related to the military sector.
THE SECTOR
The weapon sector, as you know, is one of the most powerful worldwide.
Let's see some figures:
• Currently in the USA there are more than 50,000 establishments authorized to sell firearms.
• From October 2016 to September 2017, 41,930 million dollars in weapons were sold in the United States (2017: + 25% in turnover)
• Currently some 90 million Americans accumulate some 270 million weapons.
During the Obama legislature, since 2008, the sale of weapons took off in a spectacular way, as it was believed that he was going to prohibit them. Now with Trump, sales plummet, to consider people who are already supplied and there will be no ban in the short term.
WHAT DO THEY DO
We are within the great future market of the Internet of Things (IOT - Internet of Things).
EVERYTHING related to this project is based on communication protocols between weapon devices.
TIGER is the "the first decentralized blockchain network for sensor-based systems" according to its own website.
That is, they communicate the weapons and their devices.
• What is TRIGGER: It is a TOKEN that communicates machines with machines, activates the events that take place between intelligent devices that participate in the "Blocksafe" network
• Anonymity and freedom: The Blocksafe Foundation believes in an anonymous, secure and decentralized infrastructure. This technology can reduce the activity of gang members, locate stolen weapons impedor the use of prohibited weapons and much more. The goal is to save lives.
PRODUCTS IN DEVELOPMENT:
• TriggerSmart: They have produced a demonstration prototype: Using radiofrequency wifi technology, they have connected weapons and devices to obtain the information. They are studying uses for this development.
• Datalife: Token on how data is collected and access to information.
• Guniary: First blockchain enabled for the owner to create an encrypted personal diary of the weapon he owns.
• Justifire: Device that captures live data from a firearm, including video, audio, angle, direction and speed. This data could be used as evidence in case of having used lethal measures.
• Visual Flights: Use Drones to perform aerial inspections. It collects data and analyzes results, thus obtaining documentation and notification of risk areas.
• Kickr Design: It deals with the design, engineering, prototype and manufacturing of products for third parties.
CURRENT SITUATION AND NEW ROADMAP Q2
Focusing currently on obtaining licenses and permits to operate in each of the states of the USA and Canada, an arduous and slow task.
• They will launch new website (www.smartguns.com) and update the ones they have.
• Buy new patents related to the Internet of things.
• They will take out an online store.
• Launch new Token: TrigX to the exchanges. It is a change of name from Trigger to TRIGX, they will do it once the Swap is completed.
MASTERNODOS AND AMMO:
• It is known that the "collateral" will be 1,500 coins.
• At the moment they have 2 start dates already canceled.
• Recently they said that by the end of summer they would be launched, and they have assured that this year there will be more than 10,000 MN working on the network (WTF !!).
• By having an MN, the rewards will not be earned in TRIGx, but in a new generated token whose name will be AMMO.
• The idea is that AMMO is listed in exchanges independently of Trigger.
• It is speculated (not sure yet) that the profitability will be about 25%.
• The reward will be true: 375 AMMO tokens per Masternode and month.
• At all times there will be 60 million AMMO.
• AMMOs will be used by third parties through their actual use. Its value will be given by its demand / use.
CONCLUSIONS AND PERSONAL OPINION
• Information offered by the company: diffuse, unclear and scattered.
• No official Telegram.
• Already go 2 times when they do not meet the release date of the masternodos
• Sub -Sector in clear fall in sales volume.
• Process of legalization homologation is long and expensive
• Products without real sale, only a prototype developed to date.
• AMMO generated by MN, will hardly have value without a market that buys them for use in the real world, its initial value will be reduced to speculation.
It is a product / technology with a long period of development that, in my opinion, requires many more years of maturation to obtain real results and markets. The massive use of blockchain technology in the world of weapons can be very useful and profitable, but I believe that we are still in a very long phase before obtaining real and visible results.
Licenses, patents and agreements at the state level require bureaucratic procedures (and more in this sector) that hinder any business launch.
Too many "innovative" factors come together:
• Iot (Internet of things) still untapped, it will be the future, but not in the short term, it seems.
• Products without creating.
• Licenses without obtaining.
• US weapon market in decline.
• Blockchain technology still in development.
In summary, it may be a good investment in 2-3 years, not today in my opinion.
04/14/2018
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