Potential Projects Looking To Leverage The New Blockchain
Syscoin blockchain project promises to deliver a distributed ledger, database, a native cryptocurrency and a blockchain in an attempt to remove transaction intermediaries. The efforts have led to the Syscoin blockchain conducting a complete fork of its blockchain to launch the new Syscoin 3.0 for better peer-to-peer transactions for business applications.
Part of the new Syscoin fork was set to include the establishment of Syscoin Assets that will facilitate for the tokenization within the Syscoin network. Consequently, this has made it possible for new ventures to make tokens out of the Syscoin chain finally.
Although relatively new within crypto, Syscoin blockchain is already set to feature in some ICO ventures in the future. Some of the projects planning to use Syscoin Assets include
AIBB operates as an AI-based assistant application which incorporates blockchain technology, smart contracts and a trading platform coupled with voice-controlled functions. The analytic platform helps crypto investors grow and understand the crypto markets and their portfolios.
The AIBB intends to launch its ICO as from July 25 with the initial phase working on Ethereum before moving to Syscoin blockchain. Users with the Syscoin wallet will also get access to the AiBB wallet and its Trade Analysis module.
Bitcap prides itself as the next generation blockchain with stronger network functions, and loyalty mechanism. The use of Syscoin with Bitcap comes in the creation of the platform's ecosystem gamification features and the tokenization model.
The Bitcap ICO is officially at the end of 2018, and the Syscoin community is expected to become part of the CAB token supply distribution. The community is open to purchasing the 4.5% of the coin supply which will be available through airdrops.
- Coin payments (CPS)
Coin Payments or CPS Coin is among the first crypto assets built on Syscoin's blockchain and with it, holders can participate in instant transactions through the CoinPayments framework. The CPS Coin is also said to facilitate investment participation on ICOs such as ShelterDAO and SecurCoin's ICOs. Syscoin token holders received 6% of the CPS Coin supply with the distribution proportionate to the Syscoin balance.
Although still a new concept within blockchain, Syscoin looks to optimize and advance the existing blockchain technology. Still, most of the projects intending to use Syscoin blockchain are very much in concept, and it remains wise to wait and see how they turn out after leveraging the technology.