BEAN CASH (BITB)
Part A: REAL LIFE VALUE OF PROJECT (65/100)
Bean Cash (former BitBean) is a new crypto currency designed for scale-ability, speed and lightning fast transactions! The proposition of BitBean is focussed on speed and an innovative Proof of Stake algorithmy.
In normal terms, this means that transactions are almost directly from wallet to wallet (for example bitcoin can take over hours) and the fees are pretty low of BeanCash. So, the project is better usable as a online currency in real-life. Besides that BeanCash is also working on a retail solution tat can speed cryptocurrency usage in real life. More important to that is that real-life usage brings extra new money in.
Part B: DISRUPTIVENESS OF PROJECT (60/100)
BeanCash is a blockchain 1.0 project what means it is only usable for payments. Speed and scalability is pretty disruptive tought, but there are also a lot of competitors.
Part C: TEAM AND ADVISORY BOARD (0/100)
We can not find anything about the team members because they like there privacy, therefore we can't give a score on this part.
Part D: COMPETITORS (60/100)
Railblocks (XRB) is a huge competitor that did go on a run over the last few weeks. Their marketcap is huge already but with real cryptocurrencies that is not a problem at all because you need money to spend money, otherwise there is no value. Is Railblocks better? We can't say because both Whitepapers are pretty vague.
Part E: WHAT IS IN THE CHARTS (80/100)
As mentioned on our market updates page we see opportunities in the charts because of C&H pattern and a low market volume. But, this one is very risky. If we look at the trends report we see that BitBeans did lose some search volume, but we think this is because of the last run of XRB.