Cryptocurrency Review: GoByte (GBX)

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Stability

Attacks: No attacks or potential attacks have been made public. (April, 2019)

Algorithm: GoByte’s NeoScript algorithm has been time tested and is stable. (May, 2019)

Marketplace Redundancy: Listed on multiple major exchanges, including HitBTC. (April, 2019)

Development

Communication: Spoke with senior adviser (team #2), Brad Nickel, via LinkedIn. I have found that multiple developers for the GoByte project have other developments (or jobs) they are currently working on. (February, 2019)

Community: There is a medium-sized development community, who release a continuous flow of new and sometimes innovative products. (April, 2019)

Deadline Completion

Timeline: No official roadmaps can be found. (April, 2019)

Marketing

Communication: Spoke with their (now unofficial) community manager, Antonio Moratti, via Discord. (April, 2019)

Social Media: Social media is continuously updated. (April, 2019)

Website: Their website is completely custom and has a sleek appeal. (April, 2019)

Adoption

Methodology: Primary adoption is weak since development seems to be at a standstill. (April, 2019)

Graphical User Interface

Explorer: GoByte Explorer has been customized to have a sleek appeal, functionality is nominal. (April, 2019)

Wallet: The official GoByte wallet works excellent, functionality is nominal. (April, 2019)

Market Supply

Premine: None

Current Market Supply: 3,641,736 GBX

Maximum Market Supply: 31,800,000 GBX

Additional Note #1: GoByte will be much more appealing if it transitions to a Proof-of-Stake scheme due to a reduction in coin output. (April, 2019)

Additional Note #2: Projects do get completed, but they are slow to release / deploy anything. (April, 2019)

Additional Note #3: The CEO of the organization, Hisyam Nasir, is poor to execute and it is seen that his other projects have taken precedence over the GoByte Network. (April, 2019)

Additional Note #4: The project is sitting in stagnation. No funds to move forward with development. (July, 2019)

Bottom Line: Sell

Base Framework: Dash

Price on Publication: 0.00001761 BTC / $0.09 USD
(June, 2019)

Algorithm: NeoScript

Disclaimer: Each cryptocurrency is reviewed on the first of each month. No published reassessment will be made if the reviewed trajectory remains the same.

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