First Platform To successfully launch automic swap with privacy focused coin . Checked the demo Looks promising . Hardcap is a concern current due to poor market conditions.
Resistance is an interesting project whose unique selling proposition is to offer an integrated privacy feature on a decentralized exchange. The development of it is currently in the alpha test net stage, while the beta is planned for the end of 2018. The demand of a reliable DEX is without a doubt still present in the cryptocurrency space. It will be tricky for DEXs to become sector-leaders if a large and established current centralized exchange will diversify into decentralized exchanges. For example, Binance has plans to release a DEX in 2019, and will most likely gain the most traction. If Resistance wants to become one of the leaders in the space, they will need to implement tremendous marketing efforts and offer a truly outstanding product. Because the project is open sourced, we do believe that the cryptocurrency community will support it, due to it truly being a decentralized project.
The native RES coin has an interesting use-case due to the fact that it is needed in order to make transactions private if desired. Besides that, it will be a privacy coin which will be used as a means of payment and will also be used for staking. We are also aware that the business model of an exchange is pretty straight forward in most cases, however further clarification in this aspect is required we believe. CryptoCalibur believes decentralized exchanges might have the power to substitute centralized ones one day. Therefore, we agree with Resistance’s positioning in the market and the general product idea.
Regarding the team, it is solid and various employees are in possession of extensive career histories at valuable companies. What is questionable here is the fact that under the aspect of desk research, it looks as if some team members are undertaking multiple professional activities while simultaneously trying to bring the Resistance project to the masses. Further investigation here is needed in order to confirm this.
To conclude, Resistance proposes an interesting product that is desperately needed within the space. However, given the current market conditions and the unfavourable token sale structure towards public sale, we think that public sale participants should be cautious and do their due diligence before jumping head first into this promising investment.
Resistance ICO want to crowdfund the first atomic swap and privacy oriented exchange using YesPower as mining algorithm on top of a ZCash fork.