EQUAL ($EQL), the most promising crypto project of 2019.
EQUAL ($EQL), the most promising crypto project of 2019.
It’s July 2019, and whether we are in a bull market or not yet, crypto is certainly the hot topic again. A lot of new money has been flowing back into the market as we are currently sitting at a ~330,000,000,000 market cap. When it comes to altcoins, they have been certainly driven by sentiment lately. People have been jumping from altcoin to altcoin based on partnership news, IEOs, and mainnets. When picking the right altcoin that will prove to produce significant gains, I will personally look for the following criteria:
Upon looking for projects that meet the criteria, I came across an absolute gem: EQUAL ($EQL)
Token metrics: The price per token is currently sitting at ~ $0.001800. This puts the project at an absolute insane market cap in terms of potential around $500,000 (the actual circulating supply is around 300,000,000 tokens, which might not be updated on tracking websites such as CoinMarketCap at the time being). That’s right, it is by far, the lowest cap on Binance Dex, the exchange that currently supports it. The token recently switched their standard from ERC-20 to BEP, facilitating a transition to Binance Chain. During the process , 16.5% of the entire supply has been left unswapped. These tokens will all be burned in a “bonfire event” on 7/16/2019. The project had NO ICO and all of the tokens were distributed through airdrops. This might make it one of the less crowded markets you will find in crypto nowadays, with no whales owning ridiculous amounts.
Use case: Equal is a wallet, and a pretty good looking, user-friendly one if I might add, that aims to facilitate mass adoption and mass utility in the blockchain ecosystem. In fact, it has become my go-to for storing my cryptocurrencies. No later than 7/12/2019, Equal will officially become the ONLY desktop wallet that is integrated into Binance Dex. This option will be available through the WalletConnect feature on the Dex interface. Even for a non-investor, the Equal wallet is something that I would definitely recommend for day-to-day use. The Equal project is now the only multi-chain wallet I am aware of, and the token aims to be the payment mechanism in this ecosystem. Looking at the competitors, we have Bread ($BRD) sitting comfortably at ~$31,000,000 market cap and Eidoo ($EDO) with $24,000,000. As always DYOR, but it is hard not to see the potential in a $500,000 project that promises to deliver.
Development: The team seems committed and passionate about adding functionality and releasing roadmap milestones in a swift fashion. They are almost always available on Discord & Telegram to answer user questions. The recent swap process could not have gone smoother and it was the most straight forward swap I have ever been a part of. You can tell by simply using the Equal wallet that the developers take pride in their work. The interface is beautiful and the functionality is user-friendly.
Partnerships: The partnership with Binance is instrumental to the ambitions of the project. Equal will soon become an official wallet used to access the Dex. Furthermore, Binance has an initiative to bring projects from the Dex to the main exchange. The team has definitely made the right step with becoming a part of the Binance ecosystem and this will be eventually reflected in its price.
Long story short, Equal is a gem because of its tiny market cap, active development, a good use-case that actually benefits the ecosystem and its users, and the partnership with Binance. On top of that, I would like to add another key element to the list: a strong, friendly community. Join Equal on telegram or discord and if the devs are too busy working on the project, the community members will most likely be able to assist you.
Even short-term, the upcoming news are more than bullish with Binance officially integrating Equal on their Dex interface and ~180,000,000 tokens being burnt, all in the next two weeks. The price can only go up, but I personally would recommend Equal as a long term investment due to the criteria I mentioned earlier. As always DYOR and invest responsibly.
Published at Thu, 11 Jul 2019 03:09:45 +0000
