Average Net Daily Sell Pressure > Average Net Daily Buy Pressure
Need to make it <
Previous Token History
- Market activity of XX
- ICO history (https://icodrops.com/xx-network/)
Current Token Status
- Total Supply
- Current minting rate (explain the dynamic minting rate of XX)
- NPOS (Nominated Proof of Stake)
- Token unlock schedule/vesting periods
- Token holder distribution
- Whalespotting
- Treasury activity
- Token use cases
- Governance
- Transaction Fees
- Node running
- Liquidity status
- CEX
- MEXC
- Coinstore
- Biconomy
- LBank (Unlisted on CMC/Coingecko)
- Market Maker analysis
- DEX
- Uniswap
- Buy/Sell Pressure Ratio
- For CE
- Easy to measure on DEX, check function call type.
- On chain activity
- Validator Nodes
- # of nodes (node # history?)
- Requirements
- Economics (cost to setup, cost to run, returns generated)
Future Token Prospects
- Expanding utility of Token
- Monetization of cMixx SDK
- Allowing on chain calls to cMixx SDK (multi chain)
- API call spending
- Expanding utility of chain
- Integration with Kusama for access to EVM chains. Bridging system would allow external protocols to access quantum security (?) Another route could be just deploying some kind of relayer contract that calls a TEE that makes calls to the cMixx SDK. Oracles could also work like Chainlink, API3
- Onchain Activation
- First funds for project raised in Q1 2029, ICO in Q1 2020, Chain launch in Nov 2021. The initial stage took place before DeFi summer. Seems likely they were raising and planning in a late ICO season mentality, as they have almost zero onchain infrastructure, which we saw start to take off in Q3/Q4 2020.
- Bridge
- Crucial for increasing on chain holdings, which would allow for more independence from CEX (and thus MM) and allow liquidity to flow from other chains inwards. Tapping into new liquidity as well.
- Generate profits from bridge fee, OR have no fees to incentivize movement of funds (also makes it easier to integrate for other projects looking to do cross chain applications that leverage XX network)
- Native DEX
- Generate profits from XX Network providing liqudity
- Hackathon?
- Literally 0 infra so almost anything would be first of its kind for the chain.
- Ceasing Treasury sell pressure
- Ideally the Treasury should not be selling as currently at all time lows. Diminishes Treasury at higher rate and project is already suffocating from too much sell pressure not enough buy. Dependent on the burn rate of XX Foundation (assuming it is not making profits)
Further Analysis Required
- What % of market activity is genuine and what is MM?
- Token Holder Distribution
- XX Network activity analysis
- Transaction #
- Transaction types
- Gas usage
- Fees generated for Nodes
- CEX volume analysis for Market Buy / Market Sell ratios
- How long does it take for cMixx result to be returned?
Extended Further Analysis (non-critical)
- Node holder market activity (do they sell to cover upkeep costs? What kind of token holder are they?)