bitrock logo
Bitrock
BROCK
$0.14

Sector

Layer 2

Exchange Debut

2023-07-17

Market Cap

13,525,877

Maxim Supply

100,000,000

Circulating Supply

100,000,000

Circ. Supply(%)

100.00%
bitrock logo

Bitrock

BROCK

Price

$0.14

Market Cap

Sector

Exchange Debut

13,525,877
2023-07-17

Volume 24h

High 24h

Low 24h

288349
0.145230884672
0.132976398503

Change 24h

Change 7d

Change 30d

-3.8977
-9.4188
4.0259

Maxim supply

Circulating supply

Circulating supply(%)

100,000,000
100,000,000
100.00%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Bitrock-BROCK cryptocurrency:

 

BitRock-BROCK, an Ethereum sidechain leveraging IBFT 2.0 Proof of Authority, presents a scalable, secure, and high-speed infrastructure with a unique multichain DEX. This allows for direct trading of cryptocurrencies on their native chains, circumventing the need for native DEXs and their associated gas fees. The overall fundamental analysis of the BitRock-BROCK cryptocurrency yields a composite score of 6.23 out of 10, reflecting its various strengths and areas for improvement.

SOCIAL & MASS MEDIA: Score 7.2 out of 10

The project demonstrates strong performance in social and media engagement, achieving a notable 7.2 out of 10. This is attributed to its effective social media presence and active community involvement. However, it falls short in expanding its chat group communities, indicating a potential area for growth.

AUDIT & SECURITY: Score 5.7 out of 10

Audit and security, crucial for any crypto project, show a moderate score of 5.7 out of 10 for BitRock-BROCK. The project has satisfactory audit results and transparency but needs to bolster its liquidity on exchanges to enhance investor confidence.

TOKENOMICS: Score 8.15 out of 10

Tokenomics is a strong suit for BitRock-BROCK, with a score of 8.15 out of 10. The project manages inflation well and maintains a balanced degree of monetary centralization, showcasing a well-thought-out economic framework.

ECOSYSTEM DEVELOPMENT: Score 6.6 out of 10

Ecosystem development, integral to long-term sustainability, receives a 6.6 out of 10. While BitRock-BROCK is on track with its objectives and plans for future developments, there is room for more robust progress in this area.

TEAM & DEVELOPERS: Score 4.4 out of 10

The team and developers behind the project score 4.4 out of 10. Despite having competent software developers, the overall experience of the team needs enhancement to better support the project’s ambitious goals.

PRODUCT & UTILITY: Score 6 out of 10

BitRock-BROCK’s product and utility earn a score of 6 out of 10. The utility of the product and its tokens within the ecosystem are adequate but could benefit from further innovation and application.

PARTNERS & INVESTORS: Score 4 out of 10

The project scores lower in partners and investors, with a 4 out of 10. It has quality partners but lacks in the number and capacity of investors, indicating a need for improved investor relations and outreach.

Fundamental analysis of the Bitrock-BROCK cryptocurrency – The final conclusion

In summarizing the fundamental analysis of the BitRock-BROCK cryptocurrency, it becomes clear that while the project has significant strengths, particularly in its innovative tokenomics and active social media presence, it faces challenges in team experience, ecosystem development, and investor engagement. The overall score of 6.23 out of 10 reflects a balanced view of its potential and risks. Investors considering BitRock-BROCK should weigh its promising technological infrastructure against the areas needing improvement, particularly in team expertise and investor relations. The project, with its unique approach to DEX and gas fee management, holds potential for growth, provided it addresses these key areas.

What is Bitrock-BROCK?

 

Bitrock emerges as a notable layer-2 sidechain harmonized with Ethereum, employing a proof-of-authority (PoA) consensus mechanism. Its core relies on a group of trusted validators to uphold security. The platform stands out for its rapid transaction execution, cost-effectiveness, and robust security features. A striking capability of Bitrock is its processing speed, clocking in at 12,000 transactions per second with a mere 2-second block time.

Bitrock’s Compatibility and Funding Approach

Being Ethereum-compatible, Bitrock supports all EVM-compatible smart contracts, allowing developers to easily transition and utilize Bitrock’s functionalities without starting from scratch. This compatibility, combined with its speed and security, positions Bitrock as a versatile development portal. Notably, the project’s inception on July 13 was marked by the absence of private sales or VC backing, funded solely by the team, which aligns with its appeal to retail investors and a commitment to price stability.

The Bitrock Ecosystem

The Bitrock ecosystem includes Rockswap, a decentralized exchange (DEX) enabling trading without custody and integrating multichain capabilities. Another integral component is Bitrock staking, where tokens are locked to support the network, offering rewards based on various factors, albeit with a withdrawal penalty.

The Bitrock bridge, in collaboration with Sphynx Labs, facilitates token bridging to the mainnet for enhanced processing speeds and lower fees. Additionally, the ecosystem boasts a token builder feature for easy token creation with minimal coding.

Community and Regulatory Compliance

The Bitrock community thrives across platforms like Discord, Telegram, and Twitter, contributing to development and offering support. The platform ensures regulatory and audit compliance, with KYC registrations and smart contract audits by reputable firms.

Fundamental analysis of the Bitrock-BROCK cryptocurrency

Bitrock - BROCK performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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