HYCON profile
HYCON Profile (HYC)
Score: 2.48 | Very Poor
Adventurous Nano Cap
Project Safety Score

Thu, Dec 2, 2021 12:09 PM

Score 2.48
Rating Very Poor
Market Cap $654475.98019002
24hr Volume $93573.06429987
Price $0.00024451929621992
Review

HYCON

coin

3rdgen dag

HYCON, which stands for Hyper-Connected Coin, is the digital asset built on top of a faster and more scalable blockchain developed by the Infinity Project team in Gangnam, Seoul. Using a DAG (Directed Acyclic Graph) structure, it has the capability to publish several blocks simultaneously with the ability to resolve conflicting transactions and reject double-spends through the SPECTRE consensus algorithm. This makes HYCON a next-generation cryptocurrency which can be used in the real economy. Honest transactions can be confirmed or rejected definitively in mere seconds, due to the high volume of blocks published within that time interval. Transactional throughput up to 3000Tps on a 2MB/s connection can be achieved as a starting point of the project. The DAG structure coupled with the SPECTRE protocol allows for network latency to be essentially removed as a limiting factor on transactional throughput. Blocks that are received out of order can still be ordered based on their implied position in the DAG rather than the time they were received. HYCON is Phase 1 of the Infinity Project Ecosystem and positioned for wide adoption as an efficient medium of exchanging value for enterprises, small businesses, governments, NGOs, and individuals. Together with the Infinity blockchain, HYCON will power the Infinity Platform (Phase 2) and Infinity Decentralized Exchange (Phase 3). The Infinity Platform will feature a simple and intuitive user interface to empower anyone with the ability to create their own customized and private Infinity blockchain. For example, enterprise solutions built upon the Infinity Platform will help increase accountability, enhance transparency, and improve data security, thus bringing value to companies and society.

Read more in the whitepaper:
https://hycon.io/#whitepaper

HYCON Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

HYCON Safety Report

HYCON has a safety score of 2.48

HYCON is a nano cap coin.

HYCON is suited to a adventurous investment style.


HYCON Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • project website
  • bitcointalk thread
  • tradingview profile

HYCON Red Flags

Red flags are listed below. Checkout the red flag tab for a more in-depth analysis.


HYCON Development Score

The HYCON project has 22 active source code repositories.

The most recent commit was Wed, Jul 10, 2019 2:10 AM

  • 82 Watchers
  • 75 Stars
  • 43 Mentionable Users
  • 0 Vulnerabilities
  • No commits in the last 28 days
Highlights:
  • daily repo updates
  • very poor stars
  • very poor watchers
  • no mentionable users
  • no repo stars

HYCON Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Highlights:
  • The overall sentiment is very positive
  • Extremely low number articles to calculate the sentiment

HYCON Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on HYCON?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall HYCON has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.

Highlights:
  • very high gitHub account watchers
  • no reddit articles
  • poor hashtag tweets

HYCON Awareness Score

The awareness score indicates how well HYCON is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the HYCON is but a good measure of longevity is how well the project is known by the general public.

Overall HYCON this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • very poor search result total
  • no number of news articles mentioning HYCON
  • no number of headlines about HYCON
  • very poor number of HYCON YouTube videos

HYCON Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Good project age (released Aug 10, 2018)

HYCON Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • very poor USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

HYCON Red flags
  • Website SSL errors
    Problem with the project website ssl cert (https://hycon.io/)

    severity: critical
HYCON Exchanges
HYCON Explorers
HYC
Member Ratings (HYC)

3.67/5

3 reviews
Ratings and reviews left by our members do not impact the profile score.
Marcel Den hartog
Tue, Apr 27, 2021 1:57 PM
Top!! Goede toekomst 🚀
0 0
pavel.merzlin
Thu, Dec 12, 2019 5:01 AM
Hycon - scam
0 0
PlayGround
Mon, Feb 18, 2019 6:17 AM
HYCON has succeeded in developing DAG/SPECTRE consensus algorithm for the first time globally. Implementation of this technology will lead to distributed processing of nodes on the HYCON blockchain network, and HYCON’s transactional throughput capacity will surpass 3,000 TPS, comparable to that of VisaNet. HYCON team has grown to TO3 of Korea block chain company.
0 0

81.25%

Complete
Profile Status

How complete is this profile:

Some missing data points

This profile is still waiting for the following data points

  • project website
  • bitcointalk thread
  • tradingview profile
Member Signals

3.67/5

(3 reviews)
Member Ratings
Market Cap Rank:
2042
Voted:
scam
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
HYCON Reddit
HYCON Github
HYCON News
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