Shift is a Proof of stake blockchain forked from Lisk with IPFS (Interplanetary file system) implemented on it. Their latest update named Phantom will drop soon which will enable hosting of webpages on the shift blockchain using the IPFS. I am looking into this coin right now and i think it will blow up once phantom is released. It has a low marketcap and a lot of upward potential. What do you guys think of shift? Is it a good time to buy shift?
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I heard they claimed that someone hacked one of their account and got 1 million SHIFT coins so now they will raise the circulating supply by 3 million coins. On top of that they want to have a 10% inflation to cover their salary. With anonymous devs using first name and handles, it smells like a big money grab project to me. Staying away from it.
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I just went through their blog and subreddit, it looks like the plan to raise the supply has been retracted after the negative feedback from the community. The hacking part makes me more bullish since every coin that has had a security disaster has blown up like bitcoin or ethereum.
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