Projects listed: 276 |
BTC Dominance: 50.49% | Volume (24h): $45,985,593,576 | Market Cap: $2,506,421,341,481
Solar
SXP
$0.24
Sector
Layer 1
Exchange Debut
2019-08-27
Market Cap
145,796,959
Maxim Supply
∞
Circulating Supply
608,836,833
Circ. Supply(%)
∞
Solar
SXP
Price
$0.24
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
3305373
0.261559488928
0.237936214536
Change 24h
Change 7d
Change 30d
-7.2056
-7.0677
-6.311
Maxim supply
Circulating supply
Circulating supply(%)
∞
608,836,833
∞
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Solar cryptocurrency:
In a fundamental analysis of the Solar cryptocurrency, the project emerges with promising features such as the DPoS mechanism, a secure and efficient blockchain framework, and its native coin, SXP. The multi-criteria analysis presents a final score of 6.545 out of 10, with commendable ratings in audit and security (8.5) and product utility (8.6), underscoring the robustness of this cryptographic venture.
However, a deeper dive into the fundamental analysis of the Solar cryptocurrency exposes some areas of concern. Token economics, for instance, is a weak spot with a score of just 3.6 out of 10. This is attributed to the high inflation and a centralized monetary mass that characterizes the project. Moreover, the project’s liquidity on exchanges is somewhat mediocre, recording a score of 6 out of 10, suggesting room for enhancement.
With respect to product utility, Solar shines brightly, bagging an impressive score of 8.6 out of 10. This high score is indicative of Solar’s secure and efficient blockchain framework and the functionality of its native coin, SXP. The fundamental analysis of the Solar cryptocurrency also reveals its commitment to usher in innovative developments in the future and provide substantial utility within their ecosystem.
Fundamental analysis of the Solar cryptocurrency – The final conclusion
Summing up, the Solar project, as evidenced by the fundamental analysis of the Solar cryptocurrency, boasts of promising technology and robust product utility. However, it necessitates significant improvements in areas like token economics and liquidity on exchanges. These factors should be carefully weighed when contemplating investment in this project.
Solar is powered by Solar Core. A safe and secure Layer-1 Blockchain Framework.
Solar utilises the Delegated Proof of Stake Consensus, also known as DPoS.
The Blockchain with its own native coin named SXP is fast, modular, sustainable, efficient and fully decentralised without the known issues and vulnerabilities from traditional Proof of Work (PoW) blockchains.
Issues and vulnerabilities such as being energy intensive or the risk of taking part in 51% attack vectors.
The Blockchain Framework has been forked from ARK Core.
Solar Core improved on the security of the Blockchain Framework by fully utilising Schnorr for signatures.
Solar Core entirely drops all support for ECDSA due to persistent signature malleability vectors.
Solar Core also provides a more robust block production routine to minimise the likelihood of nodes missing blocks and therefore creating a more stable and operational blockchain.
Security first. The blockchain framework is open-source and actively maintained on Github by dedicated Core developers.
Anyone is able to create a PR or open an issue on our Github repositories to discuss or point at a potential vulnerability in our code.
These issues will always have the highest priority and will be taken seriously to ensure that the framework will always be safe to use for our users and for anyone participating in the Solar DAO.
The Solar Core has several enhancements such as the Side Ledger Protocol for token issuing with and without metadata and custom transaction types to allow “burning” and “SolContract” which allows the creation of Solidity Smart Contracts on the SXP Blockchain.
The Solar Core also enables dynamic forging rewards based on the position of a delegate.
The Solar Project mainly consists of open-source developers from several top tier projects with Nayiem Willems as the project leader for 2022.
At time of writing, the Solar team has 25 developers working on the initial start of the project.
With the delegating consensus, Solar aims to bring more developers or contributors to the project and reward them with the forging rewards generated by the delegates.
Solar will also additionally have a Community Fund to fund individual projects that are using the SXP blockchain.
Where Can You Buy Solar – SXP?
SXP can be purchased on cryptocurrency exchanges such as Binance, Kucoin and Gate.io.
All you need to do is create a free account on any of these exchanges and start trading.
- Latest analysis update: June 17, 2023
Solar - SXP 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.
