Coin Reviews by BTC-Thailand
Welcome to our Coin Review Section. Today we are proud to review MULTIWALLET. In order to understand how we ranked the coin please read here. We are always open to suggestions and feedback in our comment box below or via our contact form.
Fundamentals & Roadmap (Start: 7 Points)
Multiwallet is using the X11 Algorithm which is a common and stable Algo. During the ongoing POS Phase an interest rate of 5% per year is given. There has been a premine by the origin Dev who left the coin, most likely this amount is sold already on the market.
The Roadmap which is a short term one consists of 7 Elements. Milestones are obviously the Multiple Coin support as well as the In-Wallet Fiat Trading.
There are 3 technical Developers who cover all important programming languages as well as 4 active PR/Marketing/Design representatives. The amount of dedicated guys working in the foundation for Multiwallet is compared to many other coins pretty high. So Far there has been no Audit or PoD but there is an idea of self proofing by starting a trusted cryptocurrencies project.
Multiwallet Coin had a rocky start at the beginning of the takeover but the team pulled together and created a leadership group so that no one person has all the power or ability to cause disruption to the coin. Multiwallet does not have one lead developer and instead all decisions are based on agreements between all team members. This also aids in the ongoing longevity of the coin in case there is an occurrence that one team member is not able to continue work on the coin another can take over without any disruption to the currency and therefore leading to stability for investors. The team encourages all community members to be active in the development and planning of Multiwallet.
Teams with equal power shared among all members plus the eagerness to work with the community is what puts Multiwallet Coin in a very small classification of coins within the crypto currency world at this time. Most coins are at the mercy of one developer and opinions of the investors go unheard, with Multiwallet Coin this is not so. When looking for coins that will last in the long run Multiwallet has the elements already in place to persevere.
Multiwallet represents itself as a coin solution for all other coins as in near further developments a multiple coin support shall be available according to the Roadmap. The foundation members are making use of a Twitter, Facebook and Subreddit account as well as an IRC Channel.
An official Website exists too with all important information like Wallets, News, Foundation Member etc. as well as an image which shows current development progress.
Recently There have been two Twitter Lottery with a total payout of 20,000 MWC. Furthermore there has been a Poll for a Logo Contest with high reward this week. The community was able to choose their favorite Logo. A plenty of Articles are existing from updated cryptonews sites. 2 recent Articles can be found here and here and a Bio of Multiwallet.
Despite some community involved projects the community of Multiwallet is surly expendable. A lot of verbal support has been mentioned along the bitcointalk thread but a strong community support is at this stage only partly given. A reason might be that this coin isn’t that old yet so it would take a bit more time to earn strong Community support. Time well tell. There is no Fud ongoing just helpful and suitable critic and suggestions.
Innovation & Delivery (Start: 5 Points)
On the current Roadmap are two major innovations listed.
(1) Multiple Coin Support:
The plan is to have a single Wallet supporting many other altcoins. Those altcoins are collected within one single Wallet (the Multiwallet).
(2) Fiat inWallet Trading:
Currently MWC/USD is possible to trade on Titanbit. As soon as the exchange is able to provide suitable API Keys then the trading will be possible within the Wallet!
Much more as well as own higher investments are planned according to chats in the Multiwallet IRC
The major deliveries by the development Team are so far: (within one month).
- a complete New Wallet design with included IRC and Block Explorer within the Wallet
- unique “MultiShift” Anon Solution: a protocol that will use a different transaction address every time you send/recieve a transaction, so that the address that shows up in the Block Explorer changes every time. This makes it very hard if not almost impossible to track transactions and backtrack them to your personal Wallet Addresses. This way, the transaction will still be fully visible in the blockchain, but it cannot be traced back to you.
- Fiat Exchange: Titanbit
- An own built Multipool should be ready by the 5th of October 2014 according to the development Team
- In-wallet Trading on 4 very big Exchanges will be ready very soon according to development Team
- Furthermore the multiple Coin support is in development..
By evaluating whether the price is over or undervalued we use the current Marketcap of Multiwallet compared to other coins is a reference.
At the moment the Price per coin is 250 Satoshi (0.00000250)
By comparing the Marketcap of Multiwallet which is currently about $ 30,000 it can be seen that there is still a lot of air to reach much higher levels. Multiwallet’s position on coinmarketcap.com is 177. That means in order to reach the top100 coins regarding the the price needs to be rise by nearly 350% to have a marketcap of about $ 110,000. Given the above mentioned facts regarding Development Team and innovations a jump into the top 100 Coins is very realistic
Due to this fact and the given environment regarding Development Team &Delivery it can be said that MWC is extremely undervalued.
Multiwallet Coin Review was originally published on BTC Thailand
