Recently the SHIFT Project (formerly Shiftnrg) team released their introductory whitepaper and a new newsletter. (Check out their website for the newsletter and whitepaper.)
I have been following this coin for over a year now and can't understand why the price is so low compared to similar coins. Before we start discussing this I would like to introduce the project and point out a few things that, in my opinion, make this coin a pretty stable investment.
What is SHIFT
Shift is an opensource, blockchain application platform designed to facilitate the decentralization of the World Wide Web, and in doing so protect knowledge and the means of its transmission from the threat of malicious actors. On this platform developers will be able to write their own dapps, which will run on a side-chain of Shift. This enables infinite scalability without endangering the stability of the main chain. The first dapp on the platform is already running on a testnet and is a GUI for Interplanetary FileSystem (IPFS) called Phantom. As a proof of concept the team is hosting their website on Phantom (with nice results).
Reasons to invest
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The SHIFT team started without an ICO and relies completely on donations or sometimes the devs' own funds.
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Phantom, SHIFT Projects's first dapp, will utilize SHIFT for it's services, creating real demand for the coin.
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As you can read in the newsletter Shift is planning to release a fully stable side-chain by the end of Q1 2018. (LISK was working on sidechains but postponed the release to april-september 2018 while SHIFT will probably release it in Q1 2018. LISK has a way bigger development team and 1 LISK is roughly 5.5 times the price of 1 SHIFT. (14$ compared to $2.5 at the moment.)
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Hydra Public Alpha Pre-release: Coming This Month. Hydra is a CMS written in JavaScript which is compatible with IPFS. "This makes Shift the first project to bring decentralized database solutions to the promising hypermedia distribution protocol. This pre-built allows the shift application platform to support the decentralized web hosting of dynamic content."
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The dev team is constantly working (currently in a private repo) and has constantly been developing new ideas, as you can see on their tightly packed roadmap.
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The project has had multiple difficult periods and never died, for example some team members left to start an own project in the middle of development. Recently one of the current dev's personal wallet was hacked and the team wallet was emptied, luckily 51% of the delegates agreed on a chain rollback before all funds were withdrawn from exchanges. (yay for DPOS)
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Absurdly low market cap. $29m at the moment. (compared to the $344m market cap of ARK)
To conclude I want to state that I am by no means 'shilling' this coin, I just want to start a polite and honest discussion on what I might be missing since it seems to me that SHIFT is an underdog in the world of decentralized web hosting and storage.
TL;DR What are your thoughts on SHIFT and do you think it is underrated after reading about the current developments?
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