Market
Problem that it solves
Decred solves the problem of governance by using a hybrid Proof-of-Work and Proof-of-Stake consensus algorithm.
Customers
As a payment coin, Decred is ideal for retailers and merchants.
Value creation
Value creation with Decred comes in the form of providing ways for shoppers to pay for goods and services. However, DCR adoption is very low.
Market structure
While merchants and retailers have been around since the beginning of time, Decred is working to create a new way to accept and receive payments.
Market size
There is great potential for the merchant and vendor market.
Regulatory risks
Just like other digital coins, government regulation could play a part in risk. However, it seems some countries are becoming more open to this as an option.
Average Market Score
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Competitive Advantage
Technology/blockchain platform
Decred is a fork of Bitcoin, the original decentralized digital currency.
Lead time advantage
Unfortunately, there are several other payments coins already well-established in the market. Bitcoin, Litecoin, and Dash are all significant competitors.
Contacts and networks
Decred is a well-developed project and has access to other players within the digital asset market if needed.
Average Competitive Advantage Score
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Management Team
Entrepreneurial Team
Decred has a team with success in a wide variety of fields, including software engineering, open-source development, and electronic derivatives.
Industry/technical experience
The Decred team has the necessary experience to meet the 10,000 hour threshold.
Integrity
The Decred team promotes a project with transparency and honesty.
Average Management Team Score
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Token Mechanics
Token required
DCR is a decentralized digital currency used for digital payments.
Value added
It's tough to see value with Decred when there are other, more familiar payment coins already available.
Decentralized
Decred looks to be quite decentralized with its hybrid proof-of-work and proof-of-stake consensus mechanism.
Token supply
DCR has a total supply of 21 million coins
Public exchange
The DCR token is listed on plenty of exchanges, including Binance, OKEx, Huboi, and others.
MVP
Merchants, vendors, and individuals can use DCR as a form of payment.
Average Token Mechanics Score
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User Adoption
Technical difficulty
Decred isn't as straightforward as Bitcoin and its hybrid consensus methodology can be confusing for those unfamiliar with digital assets. But at the end of the day it's a digital currency, which people understand.
Halo Effect
The project has a few partnerships with lesser known entities such as Ditto, YBF, and Smart Reach
Buzz
DCR has a solid following on Twitter and a decent following on Reddit, Telegram, and YouTube.
Average User Adoption Score
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Overall Score
Weighted Average of the five section scores above
