Review on DynamicCoin by Stephen Toluwani
Dynamic Coin tried to copy our Fiat systems. It's probably why price is so low and project even appears abandoned
With my eyes peeled on functionality and probable existence, I gave this project a 3 star rating. I have known Dynamic Coin for some time now. The project provides a better speed to transaction and a lower cost for the fees. One thing about this project is that it tries to imitate our traditional banking systems through a set of protocols that controls supply during inflation and deflation in price. This method or this protocols that the project uses in my view appears to be the best actually as there won't be pressure put on the price. I think the use of this inflationary and deflationary method of controlling supply might be the reason to why many people do not use the project as many people actually see Cryptocurrencies as an investment opportunity rather than it's actual use case. There is no indication of wether the project still exists currently. I would have vouched for it but checking it's block explorer, it doesn't load and the project has been deemed untracked listing by CoinMarketCap. There is currently no exchange trading the coin. It more like looks abandoned to me.
Pros
- Dynamic Coin has a faster transaction speed as compared to many cryptocurrencies today. The blocktime is around 15 seconds
Cons
- The explorer being hosted on its website and CoinMarketCap doesn't work anymore. This makes me doubt if it's still in existence
- There doesn't seem to be an available exchange to trade this coin
- The major reason to its low value is because it tries to imitate our fiat system of fighting inflation and deflation
