ASCH (XAS) - The Chinese Lisk
Summary: I’ve been following Asch for about 3 months (including pre-China ban). About a month a go, I flew from the US to China to visit the team - see posts #1 and #2. Community is strong in China. Team is committed and growing. I think it’s similar to Antshares/NEO where the lack of initial western marketing has kept them hidden. Further analysis below:
Overview: Asch is a fork of Crypti similar to Lisk. Both are Javascript, DPOS, and use side-chains.
Community: Although the Reddit (r/Asch_Platform) following is low (under 600), in China, they have a very active forum, and many Asch-focused QQ and WeChat groups (similar to Telegram or GroupMe). The offices are in Beijing, but Asch is well known all over China and has volunteers from many provinces.
Team: Team is extremely committed. Asch had their ICO in 2016 and they have continued to expand since then. They currently have 14 people who work in their offices in positions including back-end development, front-end development, mobile wallet, desktop wallet, marketing, human resources, and investment officer. Additionally, they have volunteers globally.
DAAPs: Asch successfully airdropped tokens for their first DAAP called CCTime on Dec 7th. This will be a news site similar to Hacker News focused on the cryptocurrency space. There is another DAAP being built on the Asch platform called Koumei. This is a predication market similar to Auger/Gnosis. It is planned to be out in early 2018. It would be one of the first prediction market applications in China and allow for easy wagering of XAS tokens.
China: China loves their own technology (Tecent, Baidu, Didi, WeChat, Alibaba). Asch is well positioned to become a major player in China. They are well known in China and were working with one of the province governments before the ban. They recently took 3rd place in a blockchain competition in China and are getting great publicity.
Trading Volume: Before the Chinese ban, the trading volume was sometimes 10% of the total market cap. Check out the historical data on coinmarketcap to see how it was trading. All this volume was exclusively on Chinese exchanges. Exchanges for westerners (Bit-z, Kucoin, etc) have only recently been added.
Technology: The Asch web wallet is similar to the Lisk web wallet. It is very functional, updates immediately, and is very intuitive. Additionally, it allows users to register and vote for delegates in the wallet. There are DAAPs in process as noted above and has quality partnerships in place, see below.
Partnerships: Asch is expanding its strategic partnerships as it continues to grow. 1) Bottos - A decentralized platform of data circulation, focused on the decentralized protocols of registration, issue and transfer transactions of AI data. 2) Tokencan - a decentralized exchange built on the Asch protocol.
Opportunity: I’m by no means an expert on price or investing strategy, but here are my thoughts. Asch is well positioned in China and had huge trading volume before the China ban. The market cap is 10% of Lisk. Asch is only on small exchanges and actively working on getting on a large western exchange. Once that happens, I think we’ll see similar interest to NEO/Walton/Metaverse.
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