During the last decade, the crypto space has seen numerous advances and many positive changes. Developers made excellent progress in terms of developing strong, good quality coins, exchanges now dot the entire world, and even decentralization is increased through DEXes.
Meanwhile, the rising prices continue to attract investors and traders, which make the space larger with every new arrival. Even institutional investors are getting interested, while more and more crypto-related businesses are emerging in countries around the world.
Even some of the world's largest, established firms are getting involved, such as Facebook, Telegram, Apple, Amazon, and others. But, with all that development, space is still far away from mass adoption, and there are quite a few remaining issues that need addressing.
User experience for market participants — particularly new ones — is still quite painful and exhausting, with processes involving cryptocurrency remaining complicated. Not everyone needs or wants to know the details of how cryptocurrencies work, but they must be familiar with them in order to use them. Further, data and research regarding these projects are still highly unreliable, which makes it difficult for people to know which projects are safe and worthy of investment. This is what one new project, known as Mosaic, aims to affect.
Mosaic is a decentralized market intelligence network which aims to connect people, ideas, and information. It plans to do so by tackling two of the most urgent issues that are troubling the crypto space, and those who participate in it. The first is unreliable and insufficient data and research, as mentioned earlier.
The other is the difficult user experience, which is likely one of the reasons why the majority of the world's population still heavily avoids even trying to work with cryptocurrencies.
Mosaic's plan is to solve these issues by providing a database platform, as well as a fully-decentralized market intelligence network. Naturally, its user interface will be as intuitive and user-friendly as the company can make it.
It is the company's belief that solving these two problems will provide people with a new, user-friendly gateway into the crypto space. New arrivals will have an easy way of obtaining data and research, discuss new ideas with other community members, and manage their portfolios with ease, all within the same app. Of course, the first step is for the project to launch its own coin that would fuel the platform and help drive it forward.
Mosaic has yet to reveal when it will hold its token sale, as this is one of the few details that are currently missing. It is known that its token will be called MZX, and that it is yet another utility token developed on Ethereum's platform.
However, the new ERC-20 token's price during ICO or preICO is still to be determined and announced. We also know that the project will accept Ethereum coins in exchange for MZX, and that it has decided that the hard cap will be at $25 million.
Apart from that, all that remains to be said is that the project was registered in the Cayman Islands and that it will have four restricted areas, including the US, Canada, China, and South Korea. Anyone else willing to participate can do so after going through KYC and Whitelist procedures.
|Start||July 1, 2019|
|End||September 30, 2019|
|35 days left|
I think that the initial ICO craze, which saw people investing tons of money in the craziest projects in hopes of quick returns, has already died out. Now, the smart crypto investors have become more careful, picky, and, most importantly, much more fastidious. And even though Mosaic looks very promising on paper, I choose to refrain from investing in this startup right now, mainly because of the lack of a working product. Nobody wants to buy a pig in a poke, especially in the crypto space. Despite the pig looking really succulent, I hope you got the analogy.
To tell you the truth, I am really impressed with the profiles of Mosaic founders, Alex Bradford and Garrick Hileman. Rarely do I see people with such a high level of competence and experience enter the crypto space, and that is Mosaic’s obvious strong suit. However, I am not particularly fond of the product that they are offering, due to the fact that I strongly believe that crypto trading, at this stage of its development, is more like a crystal ball gazing than the activity that’s based on a thorough analysis of various types of data. I am not implying that their data platform is not viable, it is just premature, so to speak.
Further, with such improvements, it is more than likely that additional investors will be encouraged to join the space and contribute to the global cryptocurrency industry. These are the projects that are likely to help the crypto sector enter the mainstream, and as such, they should be kept a close eye on, and encouraged as much as possible. Of course, investors should only support it financially if they themselves feel like it is the right thing to do, and only after thorough personal research, as always.
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