5 Altcoins Under 5 Cents With High Potential

The 2018 cryptocurrency market has been under the exclusive control of the bears — but behind the scenes, blockchain companies are working harder than ever to play their role in a decentralized tomorrow. For true crypto-believers, this bear market is a beautiful thing.

Many coins are down 10 times from their all-time highs, making it 10 times easier to fill their bags. Of course, the lower the price, the easier it is to accumulate 100,000 coins or more, which just feels better than holding a measly fraction of, say, Bitcoin.

That being said, relying on your feelings for investments — especially in cryptocurrency — probably isn’t a solid strategy. Before stocking your portfolio with any investment, do as much research as possible. This could change your perception of the current bear market, if it hasn’t already.

Project statistics were correct at the time of writing. The presented figures for each token are subject to their own volatility and that of the market as a whole, so be sure to check the up-to-date prices. And remember to always do your own additional research.

5 Altcoins Under 5 Cents With High Potential

IOST (IOST)

IOST Project Stats:

Token: IOST
All-Time High: $0.12
Current Price: $0.012
Market Cap: $104 million
Circulating Supply: 8,400,000,000
Total Supply: 21,000,000,000

Project Overview

The bull run of Q4 2017 has come and gone, and in its wake, blockchain companies have been working hard to keep the industry alive. Focus has shifted to mass adoption, and one of the most significant problems standing in its way is scalability.

IOST, which stands for Internet of Services Token, is setting out to solve this problem by achieving throughputs sufficient for global adoption, which also operate on a highly decentralized blockchain. In order to achieve this, the IOST team is developing a software suite to support their novel consensus algorithm, called Proof-of-Believability (PoB).

IOST Technology

The general idea of PoB is to have two types of validating nodes: one for speed (Believable Nodes), and the other to verify the integrity of the blockchain (Normal Nodes). More specifically, Normal Nodes verify the accuracy of the Believable Nodes, and if one is found to be acting dishonestly, another with a “higher believability-score” will take its place.

The rest of their infrastructure will consist primarily of protocols named Efficient Distributed Sharding, Distributed Randomness Protocol, TransEpoch, Atomix, and Micro State Blocks. All of these innovative protocols are meant to support and maintain a widely scalable blockchain solution. You can learn more about them all by reading the IOST technical whitepaper.

Developer Friendly

Like all platform coins, IOST is capable of running dapps and smart contracts on their platform. What sets the IOST blockchain apart is the allowance of multiple popular programming languages. For some context, Ethereum uses a unique code called Solidity, which restricts the amount of developers that are able to use, or are willing to learn the language.

When a developer, or a company hiring a developer, is looking for a blockchain to build their dapp with, they’ll choose the one that offers a path of least resistance to a working product. As it currently stands, companies who choose IOST will be have one of the widest sets of available blockchain developers to choose from, which could to lead to more use cases for their native token.

DigiByte (DGB)

DGB Project Stats:

Token: DGB
All-Time High: $0.12
Current Price: $0.022
Market Cap: $244 million
Circulating Supply: 10,967,622,211
Total Supply: 21,000,000,000

Project Overview

Jared Tate, entrepreneur and computer programmer, set out to improve the speed and security of Bitcoin in 2013. His answer to these problems is known as DigiByte, and its first block was mined back in January 2014. Fast forward almost 5 years, and the DigiByte core wallet has been downloaded almost 250,000 times, making it a highly decentralized alternative to Bitcoin, which has just over 10,000 nodes.

Along with the security of heavy decentralization comes a focus on speed. Bitcoin’s average block time has been hovering around 10 minutes, which takes ages compared to DigiByte’s 15 seconds. One of the reasons why DigiByte is so fast is because it runs on 5 different consensus algorithms, making DGB a serious contender moving forward.

TIme will tell which cryptos rise to the top over the next decade, and if DGB is used on a wide scale, everyday transactions are made easier compared to Bitcoin, simply because there are 1,000 times more DGB coins available, allowing users to count in whole numbers rather than decimal points.

Practical Features

Anyone with a credit card knows how important it is to get your bill paid on time. This is why credit card companies offer automatic payments, as it’s one of the truly useful features of digital money.

This idea will be available for DigiByte users, allowing businesses to schedule repeat payments for monthly expenses. They’ll also be creating an address book mobile application for Android and iOS, doing away with clunky public keys, and bringing an ease-of-use for the non-tech minds taking an interest in blockchain technology.

FundRequest (FND)

FundRequest Project Stats:

Token: FND
All-Time High: $0.26
Current Price: $0.0097
Market Cap: $422,169
Circulating Supply: 43,509,086
Total Supply: 98,611,464

Project Overview

Engineers working on open-source projects do so for a variety of reasons. Some are building their portfolio, and others simply enjoy coding. Developers can log into GitHub and start working on a project, and take pride in a sense of contribution and competence.

Of course, bills still need to be paid, and the time available for writing code within an open-source system is limited for a vast majority of developers. If there were a way to financially incentivize programmers to contribute to open-source projects, collaboration and dedication might increase, and some developers would be able to work on projects they love full time — even for the long-term.

This is what FundRequest is setting out to accomplish. For some this will equate to enough income to cover their monthly expenses. For others, work done through FundRequest will serve as a stepping stone to more lucrative job offers.

SkillToken Factory

Developers using the FundRequest platform will be rewarded with SkillTokens, which are used to measure the skill and consistency of their work. SkillTokens can be earned for solving problems with well-written code, but also for contributing well-written reviews, resolving disputes, and answering questions.

By earning SkillTokens, which are publicly displayed, developers are earning a reputation of competence for a particular skill set. It’s worth noting that SkillTokens can be integrated on different platforms, and specify the language a developer is proficient in. So if a JavaScript developer on StackExchange earns 10 SkillTokens, those tokens would apply to JavaScrpit on GitHub as well.

Binding individual open-source platforms together with incentivized developers could turn out to be incredibly useful as the demand for blockchain developers skyrockets.

Zilliqa (ZIL)

ZIL Project Stats:

Token: ZIL
All-Time High: $0.23
Current Price: $0.034
Market Cap: $266 million
Circulating Supply: 7,781,012,516
Total Supply: 12,600,000,000

Project Overview

2016 brought the very beginning of Zilliqa, and it came in the form of an academic paper written by a few founding members. Their goal was simple, yet difficult at the same time: support mass adoption with a high throughput blockchain.

Behind this academic paper, and the company that evolved from it, is a team of PhD holders and academics. Xinshu Dong, the CEO and co-founder, is a globally recognized cyber security expert who has worked on multiple projects for the Singaporean government.

Prateek Saxena is a co-founder and the Chief Scientific Officer of Zilliqa, and has served as a professor of computer science at the prestigious National University of Singapore. We won’t list all the co-founders and PhD holders in this article, but you can read more about them here.

Sharding

Zilliqa is another platform coin looking to solve the scalability problem without jeopardizing the decentralization of their blockchain. This has led them to implementing a process known as sharding, which divides the nodes into smaller, more manageable parts called shards.

In practice, Zilliqa shards are maxed out at 600 nodes, and a new one is created once this limit is reached. Each shard is useless on its own — but when combined together, a working blockchain is formed. Since the work remains evenly distributed across the network, adding participants causes an increase in throughput instead of slower transaction times.

Since the entire network gets faster as more shards are created, theoretically they’d be able to achieve an unlimited number of transactions per second. It remains to be seen how many Zilliqa shards will be created, but for now, 6 testnet shards are able to handle 2,488 transactions per second.

As businesses warm up to the idea of using blockchain technology within their corporate infrastructure, or simply accepting it as a payment, the need for fast reliable transactions will increase.

Given that Visa currently does approximately 1,667 transactions per second, Zilliqa could be a viable option for massive corporations who see the benefits of integrating cryptocurrencies.

Vechain Thor (VET)

Vechain Thor Project Stats:

Token: VET
All-Time High: $0.02
Current Price: $0.011
Market Cap: $670 million
Circulating Supply: 55,454,734,800
Total Supply: 86,712,634,466

Project Overview

Vechain Thor started as Vechain back in 2015, making it one of the older cryptos still prominent in the industry today. The Singaporean-based blockchain company performed a slight rebrand to Vechain Thor on June 30, 2018, and the upgrades that come with the rebrand allow its users to build decentralized applications on their blockchain. The rebrand also introduced a new mobile wallet that offers a variety of features, most notably an observe wallet function, and offline storage of private keys.

The team has been working within the blockchain industry longer than most, and they’ve been publishing dapps to their private chain since their inception in 2015. This direct experience has allowed them to collect insight into the problems existing in a variety of industries.

The Vechain Thor platform development is handled by the Vechain Foundation, a non-profit organization led by CEO Sunny Lu, who was also involved with the creation of Qtum. The team’s detailed experience has undoubtedly aided the impressive list of partnerships they’ve been able to create.

Partnerships

Since the creation Vechain, the company has been announcing meaningful partnerships with consistency. Among some of the most notable are:

The list really does go on. For a complete look, check out this compilation by VechainInsider. For any blockchain company, once the technology is there, forming significant partnerships is the name of the game.

As more companies begin using blockchains to move their businesses forward, opportunities for cryptocurrency usage could lead to widespread reliance on distributed ledger technology. Assuming that’s the case, Vechain might be one of the most attractive coins on the market today.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


Privacy Policy

WideBitcoin.com is committed to safeguarding your privacy. Contact us at if you have any questions or problems regarding the use of your Personal Data and we will gladly assist you.

By using this site or/and our services, you consent to the Processing of your Personal Data as described in this Privacy Policy.

Table of Contents

  1. Definitions used in this Policy
  2. Data protection principles we follow
  3. What rights do you have regarding your Personal Data
  4. What Personal Data we gather about you
  5. How we use your Personal Data
  6. Who else has access to your Personal Data
  7. How we secure your data
  8. Information about cookies
  9. Contact information

Definitions

Personal Data – any information relating to an identified or identifiable natural person.
Processing – any operation or set of operations which is performed on Personal Data or on sets of Personal Data.
Data subject – a natural person whose Personal Data is being Processed.
Child – a natural person under 16 years of age.
We/us (either capitalized or not)

Data Protection Principles

We promise to follow the following data protection principles:

  • Processing is lawful, fair, transparent. Our Processing activities have lawful grounds. We always consider your rights before Processing Personal Data. We will provide you information regarding Processing upon request.
  • Processing is limited to the purpose. Our Processing activities fit the purpose for which Personal Data was gathered.
  • Processing is done with minimal data. We only gather and Process the minimal amount of Personal Data required for any purpose.
  • Processing is limited with a time period. We will not store your personal data for longer than needed.
  • We will do our best to ensure the accuracy of data.
  • We will do our best to ensure the integrity and confidentiality of data.

Data Subject’s rights

The Data Subject has the following rights:

  1. Right to information – meaning you have to right to know whether your Personal Data is being processed; what data is gathered, from where it is obtained and why and by whom it is processed.
  2. Right to access – meaning you have the right to access the data collected from/about you. This includes your right to request and obtain a copy of your Personal Data gathered.
  3. Right to rectification – meaning you have the right to request rectification or erasure of your Personal Data that is inaccurate or incomplete.
  4. Right to erasure – meaning in certain circumstances you can request for your Personal Data to be erased from our records.
  5. Right to restrict processing – meaning where certain conditions apply, you have the right to restrict the Processing of your Personal Data.
  6. Right to object to processing – meaning in certain cases you have the right to object to Processing of your Personal Data, for example in the case of direct marketing.
  7. Right to object to automated Processing – meaning you have the right to object to automated Processing, including profiling; and not to be subject to a decision based solely on automated Processing. This right you can exercise whenever there is an outcome of the profiling that produces legal effects concerning or significantly affecting you.
  8. Right to data portability – you have the right to obtain your Personal Data in a machine-readable format or if it is feasible, as a direct transfer from one Processor to another.
  9. Right to lodge a complaint – in the event that we refuse your request under the Rights of Access, we will provide you with a reason as to why. If you are not satisfied with the way your request has been handled please contact us.
  10. Right for the help of supervisory authority – meaning you have the right for the help of a supervisory authority and the right for other legal remedies such as claiming damages.
  11. Right to withdraw consent – you have the right withdraw any given consent for Processing of your Personal Data.

Data we gather

Information you have provided us with
This might be your e-mail address, name, billing address, home address etc – mainly information that is necessary for delivering you a product/service or to enhance your customer experience with us. We save the information you provide us with in order for you to comment or perform other activities on the website. This information includes, for example, your name and e-mail address.

Information automatically collected about you
This includes information that is automatically stored by cookies and other session tools. For example, your shopping cart information, your IP address, your shopping history (if there is any) etc. This information is used to improve your customer experience. When you use our services or look at the contents of our website, your activities may be logged.

Information from our partners
We gather information from our trusted partners with confirmation that they have legal grounds to share that information with us. This is either information you have provided them directly with or that they have gathered about you on other legal grounds. See the list of our partners here.

Publicly available information
We might gather information about you that is publicly available.

How we use your Personal Data

We use your Personal Data in order to:

  • provide our service to you. This includes for example registering your account; providing you with other products and services that you have requested; providing you with promotional items at your request and communicating with you in relation to those products and services; communicating and interacting with you; and notifying you of changes to any services.
  • enhance your customer experience;
  • fulfil an obligation under law or contract;

We use your Personal Data on legitimate grounds and/or with your Consent.

On the grounds of entering into a contract or fulfilling contractual obligations, we Process your Personal Data for the following purposes:

  • to identify you;
  • to provide you a service or to send/offer you a product;
  • to communicate either for sales or invoicing;

On the ground of legitimate interest, we Process your Personal Data for the following purposes:

  • to send you personalized offers* (from us and/or our carefully selected partners);
  • to administer and analyse our client base (purchasing behaviour and history) in order to improve the quality, variety, and availability of products/ services offered/provided;
  • to conduct questionnaires concerning client satisfaction;

As long as you have not informed us otherwise, we consider offering you products/services that are similar or same to your purchasing history/browsing behaviour to be our legitimate interest.

With your consent we Process your Personal Data for the following purposes:

  • to send you newsletters and campaign offers (from us and/or our carefully selected partners);
  • for other purposes we have asked your consent for;

We Process your Personal Data in order to fulfil obligation rising from law and/or use your Personal Data for options provided by law. We reserve the right to anonymise Personal Data gathered and to use any such data. We will use data outside the scope of this Policy only when it is anonymised. We save your billing information and other information gathered about you for as long as needed for accounting purposes or other obligations deriving from law, but not longer than 1 year.

We might process your Personal Data for additional purposes that are not mentioned here, but are compatible with the original purpose for which the data was gathered. To do this, we will ensure that:

  • the link between purposes, context and nature of Personal Data is suitable for further Processing;
  • the further Processing would not harm your interests and
  • there would be appropriate safeguard for Processing.

We will inform you of any further Processing and purposes.

Who else can access your Personal Data

We do not share your Personal Data with strangers. Personal Data about you is in some cases provided to our trusted partners in order to either make providing the service to you possible or to enhance your customer experience. We share your data with:

Our processing partners:

  • facebook.com
  • google.com
  • bing.com
  • twitter.com
  • pinterest.com

Our business partners:

  • facebook.com
  • google.com
  • bing.com
  • twitter.com
  • pinterest.com

Connected third parties:

  • facebook.com
  • google.com
  • bing.com
  • twitter.com
  • pinterest.com

We only work with Processing partners who are able to ensure adequate level of protection to your Personal Data. We disclose your Personal Data to third parties or public officials when we are legally obliged to do so. We might disclose your Personal Data to third parties if you have consented to it or if there are other legal grounds for it.

How we secure your data

We do our best to keep your Personal Data safe. We use safe protocols for communication and transferring data (such as HTTPS). We use anonymising and pseudonymising where suitable. We monitor our systems for possible vulnerabilities and attacks.

Even though we try our best we can not guarantee the security of information. However, we promise to notify suitable authorities of data breaches. We will also notify you if there is a threat to your rights or interests. We will do everything we reasonably can to prevent security breaches and to assist authorities should any breaches occur.

If you have an account with us, note that you have to keep your username and password secret.

Children

We do not intend to collect or knowingly collect information from children. We do not target children with our services.

Cookies and other technologies we use

We use cookies and/or similar technologies to analyse customer behaviour, administer the website, track users’ movements, and to collect information about users. This is done in order to personalize and enhance your experience with us.

A cookie is a tiny text file stored on your computer. Cookies store information that is used to help make sites work. Only we can access the cookies created by our website. You can control your cookies at the browser level. Choosing to disable cookies may hinder your use of certain functions.

We use cookies for the following purposes:

  • Necessary cookies – these cookies are required for you to be able to use some important features on our website, such as logging in. These cookies don’t collect any personal information.
  • Functionality cookies – these cookies provide functionality that makes using our service more convenient and makes providing more personalised features possible. For example, they might remember your name and e-mail in comment forms so you don’t have to re-enter this information next time when commenting.
  • Analytics cookies – these cookies are used to track the use and performance of our website and services
  • Advertising cookies – these cookies are used to deliver advertisements that are relevant to you and to your interests. In addition, they are used to limit the number of times you see an advertisement. They are usually placed to the website by advertising networks with the website operator’s permission. These cookies remember that you have visited a website and this information is shared with other organisations such as advertisers. Often targeting or advertising cookies will be linked to site functionality provided by the other organisation.

You can remove cookies stored in your computer via your browser settings. Alternatively, you can control some 3rd party cookies by using a privacy enhancement platform such as optout.aboutads.info or youronlinechoices.com. For more information about cookies, visit allaboutcookies.org.

We use Google Analytics to measure traffic on our website. Google has their own Privacy Policy which you can review here. If you’d like to opt out of tracking by Google Analytics, visit the Google Analytics opt-out page.

Read more about cookies on our Cookie Policy

Contact Information

email: [email protected]

Changes to this Privacy Policy

We reserve the right to make change to this Privacy Policy.

You can configure your Internet browser, by changing its options, to stop accepting cookies completely or to prompt you before accepting a cookie from the website you visit. If you do not accept cookies, however, you may not be able to use all portions of the WideBitcoin Websites or all functionality of the Services.

Please note that disabling these technologies may interfere with the performance and features of the Services.

You may also disable cookies on the WideBitcoin Sites by modifying your settings here:

Visitor comments may be checked through an automated spam detection service.

Last Update: May 25, 2018