Review on Fesschain by Stephen Toluwani
Many Innovations are coming. Its even hard to say if this token should be held or not
Checking through FessChain, one would agree that it really is an innovative idea made into a Crypto project. An area that baffles me about this project is it's network underlying framework for executing transactions at an impressive number of around 450-900. Going through it's white paper, I got to understand that this is achieved via it's Artificial Intelligence. As a Trader, my main area of concern will be directed towards it's tokenomics and price. Its tokenomics, although high (at around 9 billion coins as maximum supply) fits it's use case of facilitating electronic settlements. Its current price and number of exchanges trading the coin is very unimpressive and the volume I saw on this exchanges shows that it isn't widely traded. I noticed that The project has a huge support on its Social media handles but on Etherscan after checking the tokens details, I only discovered a handful of 200 addresses hold this token. I can't really point out if the project has a huge backing which should have helped build it's price, but it's innovations will surely be a head turner. The project really has a good potential but I doubt it's adoption
Pros
- FessChain claims an impressive 900 Transactions per seconds, despite it being hosted on the Ethereum Blockchain which is currently known for its low transaction speed. They achieve this high TPS via a specialized Artificial Intelligence
- The community of people supporting this project numbers in their thousands and are very active which makes new innovations being implemented time and time again on its network
- Regular innovations are being brought to the table by it's developers. Just like their plans for the FessPay wallet which would go a long way in opening FessChain to the world
Cons
- Currently traded on just two exchanges
- Number of its token holders are very small. This indicates very low popularity among the Crypto Community
