Low Cap Coins: Constellation DAG

By kodi0014 | Cryptohodler's journey | 3 Apr 2021


Among many coins that I have been accumulating at low prices, today I wanted to talk about Constellation and its token (DAG), which I think is still a good investment for a long term hold. 

Constellation is a DLT Technology for Data. Data is the new oil.  Have a look at their video introduction:

DAG is not a Proof of Stake or Proof of work protocol, but a so called Proof of Reputable Observation (PRO) that serves as our consensus model while simultaneously optimizing network topology.

Different sources show different market cap and circulating supply, but as per their website, they initially had 4 billon tokens, of which 288 million tokens were burnt from the team.

Currently sits at a market cap of $100,634,755 (according to Coinmarketcap.com) and the circulating supply is 1,266,911,931 DAG.

I personally think, this has a potential growth of 10X-50X.

Notable features of project, which I think is a solid one to invest into:

  • Being a DLT technology for data, DAG promises to scale infinitely and horizontally. It definitely has utility.
  • The token is still pretty much under the radar, even though it has seen a parabolic rise.
  • Some really strong partners, among which these 4: United States Air Force (USAF), MOBI, Chainlink, Quant (check partners section on their website: https://constellationnetwork.io/partner-ecosystem/)
  • Last year when I was looking into the project, I read a paper where it said, that the US AirForce produces 40TB of data every minute (and they have been working with Constellation since 2019. (partnership news with US Navy here https://www.prnewswire.com/news-releases/constellation-tackles-big-data-and-blockchain-with-the-us-air-force-300907244.html)
  • Token has done a good retracement from ATH $0.095052 (which is also the reason why I am posting this now)
  • Is part of the MOBI (Mobility Open Blockchain Initiative) for the building of future smart cities. If you want to see a futuristic view, check this video below, which is 4 weeks old. (note the many partners on this initiative, among which is Fetch.ai along with many known automobile brands such as Ford, Honda, Hyundai - you have this at 00:48 on the video)

 

 

Closing thoughts: I wanted to skip the technical side of the project and present only the main features, which I thought would be important to cover in this small post. You can look deep into this project and do your research. I wanted just to present this as an opportunity and not bother anybody too much with a long post. 

Oh and last thing: Token is available on only one Exchange. Kucoin.

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kodi0014
kodi0014

Crypto enthusiast and Investor, sharing my thoughts here.


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