Tip Blockchain

TIP BLOCKCHAIN is a third-generation blockchain platform powering mass adoption of cryptocurrency through discovery information on blockchain hence creating an ecosystem that connects the end users and business on a network where they transact easily across international borders.

PROS:

• The platform is user-friendly as it  enables the users to create user-friendly smart  addresses and names which are easy to remember  and are human readable and through discovery the users are able to easily find each other
• The platform provides the users with the ability to attach arbitrary metadata to both accounts and transactions thereby making it available for various uses including identifying information, memos for payments  and receipt information hence ensuring transparency
• The platform enables peer-to-peer instant messaging where the users can easily chat with their friends  and families  within a secured connection and send TIP tokens directly from within the messaging conversation
• The platform has a well generated mobile and desktop wallet application kasakasa which enables the users  to easily connect to the  Tip network and send transactions at their comfort across the globe
• The platform information is indexed  and searchable hence through discovery the users and businesses  can easily find this information by searching using the platform wallets and point of sale apps
• The platform use is less costly as it eliminates the barriers in the  use of cryptocurrency and through the point of sale system for the merchants  enables them to easily make cryptocurrency payments  for their customers hence saving the transaction fee
• The platform has a credible team involved in the project implementation with  adequate skills and experience  that is relevant to the project

CONS:

• The platform white paper is missing the involved team members  and disclaimer  to give more insight to the users
• The  amount raised by the crowd sale of the TIP tokens is not indicated in the whitepaper
• The platform doesn’t indicate the relationship between the different involved  cryptocurrencies

SUGGESTIONS:

• The platform whitepaper should be made more detailed by involving the team members and disclaimer to shade more light to the project
• The TIP token should be made exchangeable with all the commonly used cryptocurrencies and fiat  to enable the users to make easy payments using their preferred cryptocurrency
• The amount raised by the TIP tokens during the crowd sale should be specified in the whitepaper

NOTE:

The platform provides innovative solutions to the problems faced by the users in using cryptocurrency day in day out through the use of blockchain enabling discoveries on-chain to promotes easy search  and faster transactions  making the project viable and I would therefore invest in it.

Differentiation: An outline of the different features provided by Tip Blockchain are outlined in the whitepaper as follows:

– Human-friendly Addresses
– Transaction Metadata
– Discovery
– Peer to Peer Instant Messaging
– Point-of-Sale System

Target User Base: The target demographic for the platform is the mass market. The company aims to develop a product that increases the adoption of cryptocurrency.

Market Penetration Potential: Market penetration is unlikely. There are many competitors within this sector of blockchain-projects and the organization does not adequately describe the differentiating features of the platform.

Solution Advantage: The three attributes of the platform that are stated to differentiate it from potential competitors are outlined in the strategy paper as follows: adoption, volatility, and discovery.

However, these aspects of the platform lack detail.