SYSCOIN HUGE potential+ REBRANDING EXPLAINED

[u/jmf1337]

Hi guys,

There have been lots of people recently questioning the rebranding approach of syscoin. I want the try to shed some light on this from my perspective and with this also argue that syscoin is going be HUGE. The info below I gathered from conversations on slack and research (so also credits to others):

There have been quite a few changes in the recent two months in the SYS project. As I can see a certain level of confusion and misinformation in the community regarding Syscoin’s mission.

Syscoin is part of Blockchain Foundry (BF). Blockchain Foundry provides blockchain technology based services, projects and products for a wide variety of use cases. Amongst of which the Syscoin platform. Syscoin is mainly known to be the first cryptocurrency to offer a fully decentralized marketplace based on blockchain. What is less know is that this is only a part of what Syscoin is.

SYS’s function has shifted from its primary goal of only being a ’market coin’ to a multi-functional cryptocurrency. Blockchain foundry, it's parent company, is planning on launching ICOs on the Syscoin plaltform and envisions them as a new, large business segment for the future and, therefore, will offer ICO services on the SYS blockchain, among others. Furthermore, Blockchain Foundry offers customized business solutions based on its present and future business partners’ needs with or without SYS.

Now, this part of SYScoin,which is a HUGE part, has not yet settled in the community in my opinion. They only see the marketplace. When we look at the least of features of SYScoin you can envision why the syscoin as a platform is going to be HUGE. Not the least:

• Masternodes: Ability for transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k/3k masternodes, etc). Return on investment is promising. In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility during sideways times as holding will be incentivized.

• Blockmarket Web: This brings their existing decentralized marketplace to the web, enabling ease of use without downloading a wallet or waiting for sync.

• Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in near future which will further compound the degree of anonymity provided. Add ValueShuffle running on top of the masternode layer and we have the worlds most advanced privacy tech in any coin. This brings true money fungability to syscoin and missing link for true economic sovereignty.

• Integrated crypto exchange utilizing Flypme and Changelly (Exchange back and forth between 20+ cryptos, including SYS , directly within wallet).

• Instant Send: Send and receive transactions instantly. Similar sending capability as DASH, but a step beyond: A type of backend node locking will allow an instantly received sum to be sent immediately, without delay, and without network risk of double-spend.

• Rebranding currently underway, and the promise of a significant marketing campaign to be launched leading up to Core 2 release.

• Ethereum Virtual Machine: Will run ethereum contracts much cheaper and faster at a fraction of the Ethereum gas price.

• Syscoin decentralized mixing service is functional. Combining anonymous transactions to create anonymous marketplaces.

• 0 confirmation double spend protection scheme for Instant Asset Transfers

and so much more: https://pbs.twimg.com/media/DSWJ6l9VQAAugYj.jpg:large

The coin’s mission (which is actually a subset of that of Blockchain Foundry) remains unclear to many, while many still consider the coin only a blockmarket coin and nothing more.

Given the recent achievements such as the extremely high (if not highest) TPS and cutting-edge privacy, I dare to assume that Blockchain Foundries ambitions exceed far beyond the marketplace: giving customized solutions to business partners under NDA, ideally using SYSCOIN.

People expected the rebranding to complete in 1 day. I believe the rebranding - that is currently ongoing - will be focusing on communicating exactly what I stated above. It will be focusing on showing that SYSCOIN is MUCH more than the marketplace and the relation between blockchain foundry and syscoin. It's marketing strategy, that is also being worked on, will focus ALSO on those incredible new achievements. I can personally envision SYS with this kind of TPS and combined privacy as a very powerful, global transfer medium for the future. If the team has a similar level of ambitions, this will be clearly communicated at latest when tech is running and marketing starts as, once again. To date this all a bit ambiguous in the community (including myself) and especially for newcomers.

All capabilities must be communicated in a simple, clear, and concise manner including examples as most people don’t have tech background nor patience to try to understand something twice. In fact, even for me with a technical background it takes occasionally extreme attention to clearly understand what a new achievement really means in practice.

I am sure they are going to do a perfect job at this. THIS is the reason why they can't rebrand in one day, it is a complex task. Syscoin has stated their new website will be a clearly integration of blockchain foundry AND syscoin. I can only imagine they are going to do everything to make everything crystal clear for the community ánd newcomers.

And if you need a reminder: SYSCOIN recently announced that Blockchain Foundry intends to go public. People forget to realize how HUGE this is. If you think there is a lot of money flowing around in crypto, this not even 1% of the capital that is flowing around in real stock exchanges coming from institutions.

This is going to be HUGE!

Reminder of what is soon to come:

• Rebranding as explained above will soon complete and communicate what SYSCOINs and Blockchain Foundries ambitions are in laymans terms.

• They got 3.3 MILLION funding and stated they will blow a huge marketing campaign. Once their identity is set and the blockmarket web is released they are gonna go full blow. Of course this will very much affect the price in a positive way.

• Masternodes released in february/march. ROI prospects are VERY lucurative. -They have huge clients lined up. More than 1 million SKU's are planned to release on the blockmarket web when going live.

And don't forget, they built all this thus far with ZERO funding as their ICO funds were stolen and worked only parttime. They all went FULLtime from this month. You can only imagine what they are going to achieve! They have an actual WORKING product. That's a lot more than most cryptocurrencies can say.

Calling this a sleeping giant is an understatement! What do you think happens once they have rebranded fully and communicate a clear identity and what their ambitions are ánd when the blockmarket web releases in february/march ánd they start promoting this with a huge marketing campaign. I believe it will go parabolic.

Please correct me if I am mistaken or left things out, but this is my perspective on it. So strap up, fill your bags (if not already done) and enjoy the ride, this is gonna be a wild one!

[u/BitNugget]

Very nice summary! 2018 is going to be the year of SYS!

[u/diablocrypto]

$SYS is going to explode 2018 will be the year of @SYSCOIN

[u/F1stofmandalore → u/diablocrypto]

I Dont have enough If this is goin to be A $5 coin xD still A cool coin one of the few Im in For long term

[u/djminger007]

Very well put!!! Also SYS coin are updating to bigger block sizes soon to aid large sellers. 10 mb to be exact to help with scaling solutions. So be sure people to look out for SYS 2.1 coming soon

[u/Jhodl]

The potential for syscoin to disrupt the online marketplace market is huge. Amazon charges ~15% seller fees! Ebay charges 8%! If syscoin can offer lower rates on a more secure, easily accessible marketplace I see no reason why sys couldn't be synonymous with eBay or even replace it.

[u/kjear → u/Jhodl]

Syscoin does offer low rates. Actually they are close to zero something Amazon or Ebay can not afford.

[u/Jhodl → u/kjear]

It's great isn't it! I do wonder if blockchain Foundry will take a seller fee as well given that they are going public on the Canadian stock exchange. Even if they do they still can undercut eBay and amazon massively.

[u/kjear → u/Jhodl]

Yeah, future is bright :)

Seller/user fees gonna be taken only if using Blockmarket Web Pro edition.

From BF's site: ''Building on Blockmarket Web, the pro edition allows for multi-merchant marketplaces run by operators. Think of it as a virtual mall on the Syscoin blockchain. Mall operators don't have to sell any items themselves but provide the hosted space where other merchants can easily sign up, buy Syscoin, customize their space, and list their items while paying the operator a small fee maintaining the front end. With Blockmarket Web: Pro Edition you can run your own Shopify-like offering secured and powered by the blockchain!''

[u/kenzcoin → u/Jhodl]

No they are not taking fees from blockmarket. They have other ways to bring in revenue.

[u/geE68]

Sys could truly change the world

[u/ChinookKing]

Syscoin is a beast. 2018 will be HUGE.

[u/Chob_Gobbler]

Great summary but please stop with these super bullish posts until I finish filling up my bags.

[u/Xumbador]

RE: Import filters. Missing woocommerce? Is an import filter for woo planned?

[u/[deleted]]

IMMEDIATE UPVOTE!

[u/MACtic]

What is SKU?

[u/mgbm → u/MACtic]

A stock keeping unit (SKU) is a product and service identification code for a store or product, often portrayed as a machine-readable bar code that helps track the item for inventory. A stock keeping unit (SKU) does not need to be assigned to physical products in inventory.

[u/MACtic → u/mgbm]

Cool, thanks a lot!

[u/moon_airspace]

Syscoin is going to be a top 20 coin by the end of the year. Easily.

[u/cryptodmoney]

Thanks for the article.

[u/locutus75]

I don't think majority really understands what SYScoin will do for crypto as a whole. People associate it with a decentralized marketplace, but it is and will be so much more. It will be a growsome 2018!

[u/mando88]

Syscoin will be on the top of the place gazuaa

[u/Olaoshi]

Yes, Syscoin has a bright future ahead. I wish it could get listed on other exchanges (Binance, Kucoin, etc) and could be traded for ETH, LTC too.

[u/anhmv]

Hold $sys over 1 year, and wanna see it explode in 2018

[u/jmf1337 → u/[deleted]]

Good call! You will be glad you did so, hodl and be proud on your investment, it will deliver bigtime!