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Welcome to another post in the series, ‘Coin of The Day’ where any coin despite my critique of them might become the next wave in the world of blockchain innovation.
Without further ado, lets get into the post.
As you can see in the video above at time 0:10, the randomly selected cryptocurrency is Visio.
Yes. Finally. A cryptocurrency with a vision of something great ready to shoot up into top ten.
Visio (VISIO) is very similar to YouTube, Dailymotion, Twitch and Vimeo, in that it is a video sharing platform but making good use of the Interplanetary File System (IPFS) as a decentralized database. They, the team had plans to build an integrated wallet player, a blockchain IPFS hash storage system and much more. For some unknown reason, this project is basically non-existent.
It was added to CoinMarketCap on March 6, 2017. There used to be developers (especially the character named Sindren) behind this venture but they chose to abandoned the project. Visio was not a fully mineable cryptocurrency since it used both Proof-Of-Work/Proof-Of-Stake based on the X13 algorithm.
For information on this token, you can watch the YouTube Promo video below:
Lets get into the features:
Lightning Streams
Ability to share video content
Search engine for movies of any genre
Visio wallet was available for Windows, Mac and Linux
-Circulating supply is 51,017,363 Visio.
Total supply stands at 63,017,363.
All Time High (ATH): $0.610921 (0.00004396 BTC) on January 2, 2018 (still in the midst of the Christmas bull run of 2017). Take a look at the short below when this token reached all time high. Ain't that a guzza mazoo? My heart goes out for those who bought at the top. At the time of this post, 4396 satoshis is worth around 39 cents.
Now, on to my critique:
My Critique:
Website and Source Code:
As you can see in the snapshot above, Visio website is offline and has a bad gateway error which means that their server is not working properly. Strike one.
So I went on Bitcointalk to search for any possible way I can contact them. There is none. Then I checked with Slack (where a lot of cryptocurrency developers were). No response although I waited nearly a month. Strike two.
While checking Bitcointalk and Google, I saw that Visio (or Invisio ICO) was experiencing obstacles in regards to the legal aspect of business. Strike three.
What really annoys me was that they failed to advertise or state what they were about. They gave the public very few information about their project, hoping they would just trust them. Trust them? Haven’t they seen what the value of a dollar became due to trusting the government?
There is no Whitepaper, Roadmap or team. No website.
Yet despite not being transparent with their investors, Visio still has their source code. According to Github, there are 3802 commits (all of them done over a year ago). The last commit was on March 21, 2017 by Sindren.
Social and Popularity:
Twitter- 1485 followers and growing. Last tweet was back in December. There is virtually no engagement from their followers.
Facebook- None.
Bitcointalk- 34 pages and counting. A few showed skepticism on here but I’ll had to admit that their potential web page looks cool.
- Reddit- None.
-For YouTube: Their official channel has only 5 videos, one of which shows you how to download their wallet.
Not much videos are on VISIO when it comes to other YouTube channels. Subscribers’ engagement is dismal. Out of all, CryptoFacto has the most view when he spoke about this altcoin because he was probably shilling some cryptocurrencies he bought and hope that his followers will shill it too. 😒
Exchange:
VISIO is still being traded (albeit at daily volumes of $100 or less) on the following exchanges:
YoBit (unscrupulous exchange)
CoinExchange
No announcements on being added to any new exchanges in the foreseeable future.
Conclusion:
In conclusion, I recommend that you stay away from Visio for now. Give them until summer to get their acts together. Do not invest in this project because the liquidity is very low. If you love high risk then go ahead. But remember, if you put your money into this program, there is no way to get it back.
So until next time, keep safe, take it easy and be fantastical.
Later.
