IOTA Profile (MIOTA)
Project Safety Score
Thu, Oct 28, 2021 8:25 AM
IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT). IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The main purpose of IOTA is to solve some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds. Another issue with the Blockchain is size, as more and more Blocks are added, the longer the Blockchain gets, and therefore the less amount of computers are able to mine it. Right now BTC is over 150GB long, and so is ETH. If this size increased tenfold, very few computers would be able to mine it at all. Making them relatively centralized (the top 2 Bitcoin mining pools own about 56% of hashing power).
Read more in the whitepaper:
IOTA 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.
IOTA Safety Report
IOTA has a safety score of 6.72
IOTA is a mid cap coin.
IOTA is suited to a balanced investment style.
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- tradingview profile
IOTA Red Flags
There are currently no IOTA red flags.
IOTA Development Score
The IOTA project has 88 active source code repositories.
The most recent commit was Sat, Oct 9, 2021 8:59 AM
- 1585 Watchers
- 4471 Stars
- 2903 Mentionable Users
- 0 Vulnerabilities
- 18 commits in the last 28 days.
- extremely high stars
- extremely high watchers
- extremely high mentionable users
- extremely high repo stars
- daily repo updates
IOTA 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 overall sentiment is average indicating that this project could be spoken about more positively and more in the community. In general as the popularity of a project grows and as main stream awareness grows this score will go up. But conversely as people loose interest and stop talking about this project or if things take a turn for the worse then this score will go down.
- The overall sentiment is average
IOTA 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 IOTA?
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 IOTA has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.
- extremely high reddit articles
- extremely high hashtag tweets
- extremely high gitHub account watchers
- poor search result count
IOTA Awareness Score
The awareness score indicates how well IOTA 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 IOTA is but a good measure of longevity is how well the project is known by the general public.
Overall IOTA 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.
- no search result total
- very poor news articles mentioning IOTA
- very poor news articles directly about IOTA
IOTA 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?
- Mature project age (released Jun 13, 2017)
IOTA 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
- good 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.
IOTA Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
1 missing data point
This profile is still waiting for the following data points
- tradingview profile
Market Cap Rank:
Bulls v Bears:
IOTA enters Web3 race against Ethereum and Cardano with zero-fee smart contractsMon, Oct 25, 2021 11:59 AM
IOTA Foundation has launched feeless, programmable and scalable smart contracts. Developers can...read more...
IOTA introduces smart contract and EVM D1SoftballNews.comFri, Oct 22, 2021 12:00 AM
Loading... Advertisements Loading... Advertisements Excellent new ones that come from the universe...read more...
IOTA launch groundbreaking smart contracts beta with zero fees!Thu, Oct 21, 2021 1:54 PM
Today the IOTA Foundation launched the beta of the networks new smart contracts, which will offer...read more...
Top 10 most sustainable green cryptocurrenciesTue, Oct 19, 2021 11:23 PM
Top 10 most sustainable green cryptocurrencies October 19, 2021 by Liv Leave a Comment We have...read more...
Coinmaxis Opens Trade Options on IOTA Coin ValueTue, Oct 19, 2021 1:00 PM
LONDON, Oct. 19, 2021 /PRNewswire/ -- The IOTA cryptocurrency, named after the Internet of Things...read more...