It’s been a few weeks since I’ve written about anything here, but hey, it’s the holidays..

If you’ve been following our investment ideas (we’re not financial advisers so do your own research) we wrote about SALT last time and we’re still hodling. The team has assured us that they will be launching their platform this month – only a few more days!

While I was watching the charts today, I decided to summarize the performance of the tokens we’ve covered over the past 6 months to gain a better understanding of our choices and to provide better content for YOU. I not going to release those numbers here, but I did get inspired and excited about what I found.

As I was looking through our previous articles, I came across a token that hasn’t had much press coverage, but after poking around a bit I soon realized that we will be seeing it A LOT more in the next month or two. If you haven’t realized what token I’m talking about yet, you may need help – it’s the big bold title of this article.

I initially wrote about Syscoin back in July, and the price was only $.10. Today, the price is over $.75 – that’s a 7.5x return in 5 months. Anyways, the story here is that I wrote about it, made a few bucks, then forgot about it. After reevaluating Syscoin’s product, team, and roadmap, I’m going back in and hodling long term. Here’s why..

Ebay on the Blockchain

Many describe Syscoin as a blockchain version of Ebay. And Syscoin is arguably the only project in the space with any chance of becoming viable. Now, if you’re a veteran in the cryptocurrency space, you’re probably thinking “what about Open Bazaar? They’re a decentralized marketplace, too”. Well, yes, Open Bazaar is a decentralized marketplace but it isn’t built on a blockchain – it’s essentially BitTorrent.

Since Syscoin is built on a blockchain, it contains all of the usual features including: no middleman collecting fees on transactions, encrypted messaging, 100% uptime, digital certificates, etc. Personally, one of my favorite features they offer is Aliases. How often do you copy/paste an address and begin to sweat hoping you haven’t missed a letter or number? Syscoin enables the use of something like “JoesAddress” instead of “s9a09ad9s8a03anc” – I don’t know about you but that feature alone deserves some of my money.

Microsoft Azure

In March 2017, Syscoin launched three blockchain products on Azure. For those of you unfamiliar with Microsoft Azure, it’s a public cloud platform that enables access to enterprise-level tools. This partnership between Microsoft Azure and Syscoin is an important step in gaining a wider audience and introducing Blockchain as a Service to the public for free.

Once the Blockchain Foundry (parent company of Syscoin) introduces it’s full lines of products, they “will be one of the largest providers of certified blockchain solutions in the Azure Marketplace”.

Marketing

After listening to the community, Blockchain Foundry + Syscoin have decided to hire Ballistic Arts Media Studios Inc. Until recently, PR and marketing has not been a major concern for the team and understandably so. Why advertise something before you’re ready to launch your biggest product?

According to the CEO of Ballistic Arts Media Studio Inc., “We’re excited to work with Blockchain Foundry. We’re confident we can make Blockmarket a household name and make Syscoin a top ten coin.” The current market cap of Syscoin is $407,486,771 USD on coinmarketcap.com. For speculation’s sake, Syscoin would need a 10x increase in market cap to be in the top ten. I certainly wouldn’t mind that return on investment!

From what I’ve read on the interwebs, there will be a major marketing effort in 2018. For reference, the Founder of Syscoin, Sebastian Schepis, wrote on Telegram: “Marketing is critical and you will see that take off like crazy in 2018”.

Private Funding

On December 21, 2017, Blockchain Foundry (and Syscoin) has raised $3.3 Million in private funding from strategic partners that offer a strong network with beneficial connections. Unlike many decentralized + blockchain projects, Syscoin has gone the route of Ripple, where it serves as more of a company with formal structure/financing, while building a decentralized product on a blockchain.

Also, interestingly, they intend on going public in Q1 2018 on the Canadian Stock Exchange.

Just to be clear, Blockchain Foundry is seeking to go public, not Syscoin.

Blockmarket Web

Q1 2018 will be huge for Syscoin. They are releasing their updated protocol (2.2) and their biggest product launch to date – Blockmarket Web. This release is a big deal because until now, no other decentralized marketplace has launched a web-based portal, much less one that is “grandma-friendly”.

With the release of Blockmarket Web, a strong marketing presence, and Blockchain Foundry going public, Q1 looks to be very promising. I missed out on the 7.5x return the last 6 months, I won’t let that happen again.

Please do your own due diligence and invest responsibly. I am not a financial adviser and I do not play one on the internet.

Have a good one,

BC