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XEL Review

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Poor

Revainrating 3 out of 5  
Rating 
3.0
Crypto Projects

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Description of XEL

Elastic is an open-source project that aims to build the first decentralized supercomputer. Elastic has been developed over the last year or so and provides the infrastructure for a decentralized and distributed super computer, designed to carry out arbitrary tasks over the internet. In this context, Elastic is powered by a crypto currency (XEL) and provides a market-based mechanism to buy and sell computational resources.

Reviews

Global ratings 2
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Type of review

Revainrating 1 out of 5

In general, this project focused on the creation of a super computer based on…

In general, this project focused on the creation of a super computer based on the chain of blocks, unrolled where all could sell transactions like this. however this term in the output of one of its members that is anonymous, and those who were not had access to funds all this in cases published in BitcoinTalk and other media, however due to the latest developments this project turns out to be for me a scam since there are many tests that point to it. Adenas lost almost all of its value.

Pros
  • The project establishes foundations for the creation of a supercomputer. This area has a high demand, since more and more data processing capacity is needed.
Cons
  • One of the founders left the project which gives some instability. Part of the funds collected in the ICO are inaccessible because of the aforementioned. There are several BitcoinTalk threads where accusations of fraud are made. The project is stagnant and without development. basically the project does not advance. The team that is supposedly behind the development does not have access to financing. At the beginning of his ICO xel was established as a non-profit project and the money received was for donations, this according to the conditions for the people who accessed this ico. The development team decided to remain anonymous.

Revainrating 5 out of 5

Flexible is exactly the type of project which has strong basic principles…

Flexible is exactly the type of project which has strong basic principles, exceptional programmers, no advertising would be nice if there was a repo that cointaned all because googling for xel github redirects you to only the website + whitepaper repo Waiting for close scenario like Zclassic, one of my friend offer XEL and Zclassic nearly 3 months ago for long term investment. I have bought nearly 2K Zcl but unfortunatelly didn't hold and sold last week Patient for XEL

Pros
  • Nice job! There is no real buying pressure because only a few are willing to transfer to the heat exchange. And there is no "new" money coming in because a major exchange is missing. So one starts panicking and a few are following. I expect a great rise with the real release and addition to a normal exchange. But this takes some time and I´m fine with that. Everyone selling at these prices will regret it for sure
Cons
  • Maybe it´s really harder to list NXT/ NXT based projects, or no-one did apply on CB for those coins. But applying on as much as exchanges as possible is not a bad idea in my eyes.