Innovative trading and education platform for leveraging the disruptive technologies emerging from the blockchain space. It is an alternative for those who want to benefit from the explosive growth of cryptocurrencies without the high risk and complexity that accompanies digital asset trading.
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Binance will issue its token coin, called the Binance Coin (BNB). A strict limit of 200MM BNB will be created, never to be increased. BNB will run natively on the Ethereum blockchain with ERC 20.
There's a rumor going around the Hybrid Block that it is going to be able to penetrate the US market.
Overall, we are neutral about the flipping potential of this ICO but like its long-term potential. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:
For flipping: Neutral. The idea and team is above average, but the amount raised and current market environment makes flipping more difficult. Exchange coins (BNB, KCS, and BIX) tend to appreciate after the exchange has been operational and shows significant trading volume.
For long-term holding: Good. The market likes exchange coins (BNB at $962 million, KCS at $430 million, and BIX at $90 million). HybridBlock’s scope is broad and ambitious – stable coin, combined order books from major exchanges, and fiat ramp up can each provide substantial upside for HYB tokens. We believe it has a good chance to succeed because of the strong team and advisors.
HybridBlock has a solid team and advisors. However, the idea is not new, and there are a lot of competitors in the sphere of centralized exchange. We can see a trend towards decentralized exchanges. But still market capitalization of centralized competitors are impressive. There is justified hype about the project: 80% of the hardcap has already been raised, 25,000 people in the telegram group, and good ratings from influencers. But still the hardcap remains unreasonably too large.
Somewhat disappointingly, while the project has already released one of its betas, it does not demonstrate any blockchain technology. Hope remains, however, as they promise to release another two betas soon and to run all the components of the platform by the end of the year.
18-Mar. I passed on a Hybrid Block, we couldn't really agree on token metrics, I thought they were raising too much money, they didn't want to decrease the cap or decrease the amount the team was keeping and so much investors, so I passed on them, even though they're my friends. I mean guys it is a great project,I turned down a lot of money from Hybrid Block right, cause I'm loyal to the data.
13-Fab. I will personally be looking into this project because I think they could position themselves to be a big competitor to coinbase.