Concordium
CCD
$0.01

Sector

Layer 1

Exchange Debut

2022-02-10

Market Cap

51,580,222

Maxim Supply

∞

Circulating Supply

9,191,974,489

Circ. Supply(%)

∞
Concordium

Concordium

CCD

Price

$0.01

Market Cap

Sector

Exchange Debut

51,580,222
2022-02-10

Volume 24h

High 24h

Low 24h

787551
0.006264347413
0.005615394208

Change 24h

Change 7d

Change 30d

-10.1064
-18.5706
3.6537

Maxim supply

Circulating supply

Circulating supply(%)

∞
9,191,974,489
∞

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

The fundamental analysis of the Concordium cryptocurrency reveals a promising project driven by a team with a rich leadership background from prestigious firms such as Volvo, IKEA, and Credit Suisse. This initiative, earning an overall score of 7.13 out of 10, aims to make the immense potential of blockchain technology easily accessible to current and future businesses, with a particular focus on ensuring regulatory compliance.

Launched in 2018, Concordium stands as a revolutionary public-permissionless Layer 1 blockchain, distinguished by its encryption of IDs into every on-chain transaction. By integrating privacy and accountability, the Concordium project aligns itself with the increasing demand for secure, yet transparent transactions. 

SOCIAL & MASS MEDIA: Score 4.7 out of 10

Despite Concordium’s solid footing in the crypto industry, its score in social and media presence suggests room for growth. The ability to attract followers on social media shines through with a score of 8.2, indicating that the project has found resonance among the audience. Activities of social media administrators, rated at 5.1, show a moderate level of engagement. However, the lackluster score of 2 for community activity and 1 for media presence indicate the need for more proactive strategies to increase interaction and gain broader exposure.

AUDIT & SECURITY: Score 2.8 out of 10

The fundamental analysis of the Concordium cryptocurrency shows that audit and security may be an area of concern. The audit results have scored a low 1 out of 10, suggesting that the project could benefit from further transparent and comprehensive audits. On the other hand, a strong score of 8.5 for transparency of information available to the public shows the project’s commitment to openness. Liquidity on exchanges is moderate, scoring 5.5, indicating a decent level of trading volume.

TOKENOMICS: Score 4.7 out of 10

The Concordium project’s token economy is modest, scoring 4.7 out of 10. The inflationary nature of the project has been rated a slightly low 3, possibly due to concerns about the potential devaluation of tokens over time. Meanwhile, a score of 5.5 for centralization of the monetary mass shows a moderate level of decentralization, which could be more appealing to advocates of decentralization in the crypto community.

ECOSYSTEM DEVELOPMENT: Score 9.2 out of 10

One of the key strengths of Concordium, according to the fundamental analysis of the Concordium cryptocurrency, is its ecosystem development, which boasts an impressive score of 9.2. With a strong achievement of objectives score at 8.5 and plans for future developments also scoring 8.5, it’s evident that the project is focused on growth and innovation.

TEAM & DEVELOPERS: Score 8.1 out of 10

The Concordium team is another strong point of the project, scoring an 8.1 out of 10. The experience of the team stands out with a high score of 9, reflecting the team’s strong leadership and expertise, especially from reputable firms like Volvo, IKEA, and Credit Suisse. However, the number of software developers, scoring at 4.5, might be an area for the project to further bolster.

PRODUCT & UTILITY: Score 9.4 out of 10

The Concordium cryptocurrency product and its utility within the ecosystem stand as a significant asset for the project, scoring an impressive 9.4. With a perfect score of 10 for the utility of the product, and a high score of 8.5 for the utility of the tokens within the ecosystem, it’s clear that the Concordium project brings substantial value to its users.

Fundamental analysis of the Concordium cryptocurrency – The final conclusion

Reflecting on the overall fundamental analysis of the Concordium cryptocurrency, it is clear that the project displays a blend of strengths and areas for improvement. Its strong points lie in the ecosystem development, team expertise, product utility, and robust partnerships and investor confidence, as reflected in their respective high scores.

However, Concordium could focus on improving its social and media presence, especially in terms of community activity and media presence. Furthermore, additional efforts to ensure more thorough audits and increase security measures might boost investor confidence even more. Lastly, considering strategies to manage inflation and further decentralize the monetary mass could add value to the token economy.

In terms of investment potential, given the scores obtained from the fundamental analysis, Concordium demonstrates solid prospects. It’s evident that the project has strong fundamentals, robust strategic plans, and an experienced team leading its execution. Therefore, it represents a viable investment opportunity in the current crypto market. However, as with any investment, potential investors should carefully consider the project’s risks alongside its potential rewards. In particular, the lower scores in audit and security, and social media presence should be factored into an investor’s risk assessment.

The fundamental analysis of the Concordium cryptocurrency suggests that with some focused improvement strategies and the continuation of their strengths, Concordium could evolve into a significant player in the blockchain industry. It will be intriguing to follow Concordium’s trajectory as it continues to innovate and grow.

Concordium (CCD): An Overview

Concordium, a public-permissionless Layer 1 blockchain introduced in 2018, is distinguished by its ID layer, ensuring protocol level identification. This feature allows the balance between privacy and accountability, a standout aspect making Concordium a unique player in the blockchain ecosystem. Their focus is on easy integration of blockchain technology into current and future businesses, especially concerning regulatory compliance.

Fundamental Analysis of the Concordium Cryptocurrency

The native cryptocurrency of Concordium, CCD, plays multiple roles such as paying transaction fees, staking, node operator rewards, and collateral for Concordium’s DeFi landscape. To date, Concordium has raised 52M EUR, collaborating with significant players like global automaker Geely. Backing from leadership across notable companies like Volvo, IKEA, and Credit Suisse strengthens the fundamental position of the Concordium cryptocurrency.

Identity Layer: Concordium’s Unique Selling Point

The ID layer, which uses trusted identity issuers, enables users to possess a self-sovereign identity. Despite ensuring identification for legal purposes, user privacy remains intact. On-chain transactions are conducted privately, using cryptographic means to verify participants without disclosing identities.

Concordium’s Advanced Features

Concordium delivers a potent environment for executing smart contracts and digital financial primitives, particularly useful for enterprise users. Features like high throughput with fast finality, low, fixed transaction costs, and a regulated DeFi Lab make Concordium stand out. The network uses a dual consensus mechanism – a Nakamoto-style Proof-of-Stake mechanism and a Byzantine fault tolerant (BFT) agreement among specialized operators (finalizers) to finalize transactions.

Role of Users in the Concordium Network

Users staking more than 14,000 CCD can become bakers, whereas finalizers require staking at least 0.1% of all CCDs. This user involvement underlines the democratic ethos of the Concordium cryptocurrency, another key element in the fundamental analysis of this blockchain network.

Charts fundamental analysis of the concordium cryptocurrency

Concordium - CCD 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.

Related projects

bitkub-coin
SCORE: 5.07
RATING: Average
tectum logo
SCORE: 4.55
RATING: Average
logo kadena
SCORE: 7.35
RATING: Good
TRON logo
SCORE: 6.81
RATING: Good
SCORE: 7.75
RATING: Good
SCORE: 7.05
RATING: Good
logo avalanche
SCORE: 8.04
RATING: Excellent
SCORE: 6.51
RATING: Good
SCORE: 6.55
RATING: Good
SCORE: 7.59
RATING: Good
SCORE: 8.02
RATING: Excellent
SCORE: 8.03
RATING: Excellent
SCORE: 8.18
RATING: Excellent
SCORE: 8.37
RATING: Excellent
SCORE: 8.49
RATING: Excellent
SCORE: 9.24
RATING: Excellent