Investment Case for Metaverse (ETP)

Metaverse is a little-known blockchain project that I believe has tremendous potential to make a lasting impact on the cryptocurrency market. Right now, Metaverse has a market cap. of a little over $140 million, but as you read through my write up, you will begin to realize how undervalued this digital currency is in relation to similar projects on the market, namely NEO and Ethereum. CEO Eric Gu is branding Metaverse as the Chinese substitute for Ethereum and has extensive experience working in the blockchain space on projects like Mastercoin, Bitshares, and NEO. Today, a coin, but because of the extensive drivers of growth that I have identified below, this project could potentially see a dramatic raise in value**.** Metaverse is trading at around $3.91 Basics: Launched in June 2017, Metaverse is a leading public blockchain project based in Shanghai, China Metaverse is a decentralized based on blockchain technology that allows users to build their own digital identities and register their digital assets. CEO, Eric Gu, plans on turning this project into but with the additional capabilities offered by Vinny Langham’s blockchain project, Civic smart contract platform China’s Ethereum This project was launched by a Chinese company, , but operates independently through the Metaverse Foundation Viewfin.com The ETP token can be used to measure the value of smart contracts on the Metaverse protocol or as collateral in financial transactions Ranking by Market Cap: 72Market Capitalization: $144,621,598Circulating Supply: 36,386,291 ETPTotal Supply: 55,786,291 ETPMax Supply: 100,000,000 ETPAverage Trading Volume: $3,735,233Allocated to system maintainers (PoW mining): 30 million ETPBlock Time: 24 secondsDev Language: C++Consensus: PoW+PoS Ticker: ETP Metaverse Team: CEO is . Mr. Gu has more than 20 years of programming experience from the USA, Canada, and China. He started participating in the blockchain community in 2013 with investments in . Mr. Gu was also one of the seven founders of the blockchain project , and in 2014 he went on to launch his own projects, Viewfin.com and Metaverse Eric Gu Mastercoin and Bitshares NEO CTO is . Mr. Chen brings more than 15 years of deep technical experience across the entire computing stack from enterprises like Microsoft, Zynga Hao Chen Metaverse currently has working on this product, not including front-end developers 5 developers The parent company, , has more than and is the same size as NEO’s parent company, OnChain Viewfin.com 60 employees Drivers of Growth: Metaverse has and investment bank to extend its reach partnered with Moscow’s based KICKICO CyberTrust After only six months of launching Metaverse, there have been at who have plans to launch on the . One successfully launched ICO on the Metaverse platform was , who has over 100mm customers least 30 companies Initial Coin Offerings (ICO) Metaverse platform ZenAir Over the next 12 months, Metaverse plans to conduct about on their platform. However, they will be temporarily based in Russia, until the Chinese government resolves the temporary ICO ban. As a point of reference, when NEO announced their first ICO, Red Pulse, NEO surged more than 30% on the announcement 100 ICO projects Metaverse offers the ability to freeze your coins for either a period, giving you or for , giving your 6 month ROI of 8%, 1 year period ROI of 20% As previously mentioned, Metaverse is (current market cap. — $31,412,020,714). However, Metaverse will also have the (current market cap. — $98,780,191) branding themselves as the Chinese substitute for Ethereum digital identity capabilities offered by Civic recently started an investment fund, , in Silicon Valley to help launch startups on the Metaverse Platform Tim Draper DraperDragon CEO Eric Gu was one of the (current market cap. — $1,893,788,000) founders of NEO Metaverse allows Chinese people to . This is big because Chinese people don’t write in alphabets, they write in characters. So to tell them to write a programming language in alphabets makes it twice as hard write code in characters Metaverse is , but plans on having their coin listed on additional platforms. This will increase liquidity and extend its reach to more users currently listed on Bitfinex and HitBTC Headwinds: Temporary ban of ICO’s by government officials in China make it difficult to gain any transparency on a timeline Faces competition from a widely known blockchain project NEO Digital currencies are an ever-evolving industry that is subject to new and unforeseen regulations Summary: Based on the : current valuations of projects similar to ETP Neo Price: $187Market Cap: $12,194,585,000Volume: $6,183,424Circulating Supply: 65,000,000 NEOTotal Supply: 100,000,000 NEO ETH Price: $1,292Market Cap: $125,396,589,937Volume: $135,368,872Circulating Supply: 95,769,167 ETH Without incorporating a growth rate my 12-month price target for ETP is: Current: Price: $3.91Market Cap $143,975,963 Ranking by Market Cap: 38Circulating Supply: 36,386,291 ETP 12 Month Price Target: Price: $10 Taking into account a compound average growth rate of 20% my 12-month price target would be closer to . $12 a coin I hope you all enjoyed reading my write up or at least see the value in the information that I have outlined above. I’ll be providing insight on more digital currencies on a weekly basis, but will focus more on assets that are outside the top ten coins.