Cryptocurrency Review: SnowGem (XSG)

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Stability

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

Algorithm: SnowGem Zhash 144_5 algorithm has been time tested and is stable. (June, 2019)

Marketplace Redundancy: Listed on multiple major exchanges, including STEX. (June, 2019)

Development

Communication: Spoke with Chief Executive Officer, Tinh Pham, via Discord (February, 2019). I have found that multiple developers for the SnowGem project have other developments (or jobs) they are currently working on. However, projects still do get completed, but might have delays. (April, 2019)

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

Deadline Completion

Timeline: Has met or exceeded deadlines. Company is on track to meet their current roadmap. (May, 2019)

Marketing

Communication: Spoke with their marketing manager, Hugo Zupan, via Discord. (January, 2019)

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

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

Adoption

Methodology: Primary adoption is being generated by consumers along with merchant services. There are additional merchants accepting SnowGem (by proxy) which is helping accelerate SnowGem’s adoption rate and growth. (May, 2019)

Graphical User Interface

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

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

Market Supply

Premine: None

Current Market Supply: 11,356,232 XSG

Maximum Market Supply: 84,096,000 XSG

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

Additional Note #2: Research concluded on their STEX daily activity by volume and it seems that that much of the volume is fake. (May, 2019)

Bottom Line: Buy

Base Framework: N/A

Price on Publication: 0.00000763 BTC / $0.063 USD
(June, 2019)

Algorithm: Zhash 144_5

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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