I thought it would be fun to do something bold. Most altcoin traders probably read @Cointradernik book! Let’s apply his simple steps to this little gem @ScPrimeCloud $scp. It’ll be the good, the bad and perhaps the ugly... or not 😉

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The @scprimecloud $scp team is really transparent, straightforward, skilled & hardworking towards launching a #S3-compatible distributed datacenter for businesses providing snap-in backup/archival applications. Simply cheaper, highly durable, encrypted!
Let’s start with $scp supply. Currently the circulating supply is ~31m, total supply is ~38m & max supply will be around ~55m. According to @cointradernik the ideal ratio (circulating/max) is about 2/3. Looking at @scprimecloud it’s currently ~56%, excellent timing if you ask me
$scp @scprimecloud is a blake2b PoW based project. Blockreward is declining rapidly. Currently the total supply is ~38m $scp, max supply ~55m will be reached somewhere 2023. Considering that 30% of total supply will be locked in contracts, this will lead to a stark velocity sink
Is there a Premine? Yes! Is this a problem? Depends on whether you trust anon-trolls above a visible identified team. Around ~10.5m $scp is premined, partly (3.4m) airdropped to tokenholders & creator of which opensource code @scprimecloud was initially based on.
Currently there’re 3 coldstorage wallets, which haven’t been touched at all. In total ~6.6m $scp, so unlike some trolls are trying to portrait. It is not being dumped upon anyone, 1.75m are earmarked for the Storage Provider incentive program (datacenter=backbone!)
4.5m $scp will probably either get burned or used Storage Providers incentive. Until it Is decided it will stay in coldstorage. Assessing and mitigating risk if these $scp get payed out to Storage Providers. It will be a slow/time delayed process & it will serve a solid cause Imo
. @cointradernik Marketcapitalization I’d say @scprimecloud is a Lowcap with ~100btc/2-3m USD. Considering the project is launching product early Q1-2021 & no real $scp cryptotrading is happening atm. $scp is clearly undervalued, 10x/100x is a lowball estimate for upside potential
$scp @scprimecloud community is a small commited group mainly active on discord. However through twitter we are actively trying to increase numbers & participants. We’re acknowledging this as something which needs to be worked on towards building a larger community! 💪
@cointradernik works with a 1-5 point score card with regards to development. I will say right off the bat that @scprimecloud $scp is currently at a 5. The roadmap shows 2 unclosed bullets: 2019 “seed round capital raise” and 2020 “Relayer-Development”.
The @ScPrimeCloud funding was reached mid 2020 (amply 600k usd) & the “Relayer” will be finished this year as it‘s a vital part of product Xa. There‘s also a clear whitepaper + the website contains a lot of additional info. https://scpri.me/software-specification/
. @cointradernik I‘m ofcourse biased,however I do think @ScPrimeCloud $scp is an excellent lowcap #altcoins. Project is focused on delivering a competitive #S3-compatible #cloud alternative for businesses. They‘ll be actually launching for product delivery with clients early Q1-21
You can follow @ScP__Community.
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