CitiCash

CITICASH

CitiCash is a cryptocurrency that enables the general public to enter the world of modern digital money with ease.

PROS:

1. User –friendly: The platform use enables the users to enter the  world of modern digital money in a fast and convenient way as it uses doesn’t require any prior technical knowledge
2. Global: The platform payments is not only available for payments both within  but also outside the world  enabling the users to make easy payments in restaurants, retail stores across the globe
3. Security: The platform through the use of Ring CT (Ring Confidential Transactions) technology ensures maximum security  of the user’s personal details
4. Anonymous:  The platform payment are anonymous with the use of mixins ring signatures  and the users  are able to make a minimum of six transactions within the citicash network
5. Team:  The platform has a credible team on board  with relevant skills and experience in the relevant  and related fields enabling easy implementation of the project

CONS:

1. Citicash is not compatible and exchangeable with other cryptocurrencies and fiat
2. The platform whitepaper is less detailed with  missing  details on the team involved and roadmap
3. The project lacks a well developed mobile application to enable the user make easy payments through their smartphones

SUGGESTIONS:

1. The platform technical team should develop a mobile application supported by Android and IOS to enable the users to make easy payments via their smartphones
2. The process of making citicash to be exchangeable with the other currencies and fiat should be accelerated to make promote faster exchanges
3. The platform whitepaper should be made more detailed  and bearing the missing contents

NOTE:

The platform enables ordinary people to enter the modern digital money conveniently with the ability to make payments across the globe to seek various services. I would highly invest in this project.

Project strengths
- A beta version is available
- Available GitHub account, with working code for the blockchain explorer and wallet
- The idea itself – a simple user experience for everyone, an integrated wallet with regular debit cards for conversion of CitiCash into whichever fiat currency is accepted by a vendor receiving payment; an easy-to-use application
Project weaknesses
- Token and project economics require further clarification
- Low social media coverage
- Non-comprehensive whitepaper (only 7 pages);
- The roadmap is quite poor and requires further detail adding
- The project will operate in a highly competitive market
- There is no publicly available information regarding advisors to the project
- There is no publicly available information regarding any established or planned partnerships
The team doesn’t seem to have sufficient blockchain experience