Ycash profile
Ycash Profile (YEC)
Score: 3.02 | Poor
Adventurous Nano Cap
Project Safety Score

Fri, Dec 3, 2021 5:36 PM

Score 3.02
Rating Poor
Market Cap $7051681.3898748
24hr Volume $29068.54082223
Price $0.59493613996436
Review

Ycash

coin

Ycash is a digital currency, like Bitcoin or Zcash. In fact, the software for Ycash is based on the software for Zcash, which in turn is based the software for Bitcoin. Like Bitcoin and Zcash, the total supply of Ycash is forever capped a 21 million coins. So, unlike government-issued paper cash, you never have to worry about inflation devaluing your Ycash. Ycash also shares something else in common with Zcash: shared blockchain history. The first 570,000 blocks of the Ycash blockchain are the same as the first 570,000 blocks of the Zcash blockchain. That means that everyone in control of Zcash private keys as of block height 570,000 (around July 18, 2019) will be able to use those private keys to access the same amount of Ycash. So, those that currently have a vested interest in the future of Zcash (by holding Zcash) automatically have a vested interest in the future of Ycash. Bitcoin is truly revolutionary, but it suffers from several problems, including the following two key problems: The Privacy Problem. Bitcoin lacks privacy. The whole world can see all of your transactions. The Distribution Problem. The ongoing initial distribution of bitcoin (via "mining") is dominated by manufacturers of specialized computer hardware and their business partners. Zcash improved upon Bitcoin by implementing a revolutionary solution to The Privacy Problem. But The Distribution Problem remains. By building upon the Zcash codebase, Ycash leverages Zcash's solution to The Privacy Problem. And by aggressively pursuing mining on commodity hardware by all available means, including periodic changes to Ycash's mining algorithm, Ycash aims to address The Distribution Problem. We believe that addressing The Distribution Problem is necessary for a digital currency to achieve widespread, grassroots adoption. As one engineer working on Ycash put it, if the mining process is largely controlled by specialized hardware created by a far-off foreign manufacturer, the coin seems "distant". Mining is an important way for users to participate in a digital currency's community, and mining on commodity hardware opens up the mining process up to a much larger group of users. Another key component of Ycash's approach to addressing The Distribution Problem is upholding a promise that originated from Zcash: that 90% of the coins would be distributed via the mining process. The structure of the Ycash Development Fund upholds that promise: With 5% of the coins starting at block height 570,000 going to the Ycash Development Fund (managed by the nonprofit Ycash Foundation), 90% of the total 21 million Ycash coins will be allocated via the free market mining process. But there are several other coins that also build upon the Zcash codebase and are also trying to address The Distribution Problem; what makes Ycash different? The answer goes back to Ycash's shared blockchain history with Zcash. Ycash is the only coin that is also a chain fork of Zcash. So, not only does Ycash build upon the codebase of Zcash like many other coins, it also uniquely builds upon Zcash's blockchain too. Therefore, the Zcash community, including the world-class engineers and cryptographers at the Electric Coin Company, have a vested interest in Ycash's success (to the extent that those individuals hold Zcash at the time of the Zcash/Ycash split). Ycash is standing on the shoulders of two giants: Bitcoin and Zcash. We will aggressively compete with both (and all other digital currencies) for user and merchant adoption.

Read more in the whitepaper:

Ycash 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

Ycash Safety Report

Ycash has a safety score of 3.02

Ycash is a nano cap coin.

Ycash is suited to a adventurous investment style.


Ycash Profile

This profile is missing some data needed to perform a thorough analysis. Depending on what data is missing then this could have a negative impact on the overall rating.

Missing Data:
  • project whitepaper
  • project team
  • bitcointalk thread
  • tradingview profile
  • exchanges

Ycash Red Flags

There are currently no Ycash red flags.


Ycash Development Score

The Ycash project has 13 active source code repositories.

The most recent commit was Thu, Nov 4, 2021 9:02 AM

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

Ycash 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:
  • Low number articles to calculate the sentiment
  • The overall sentiment is extremely negative

Ycash 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 Ycash?

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 Ycash has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.

Highlights:
  • extremely high hashtag tweets
  • below average gitHub account watchers
  • no reddit articles

Ycash Awareness Score

The awareness score indicates how well Ycash 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 Ycash is but a good measure of longevity is how well the project is known by the general public.

Overall Ycash 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
  • very poor number of news articles mentioning Ycash
  • very poor number of headlines about Ycash
  • very poor number of Ycash YouTube videos

Ycash 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:
  • Growing project age (released Jul 23, 2019)

Ycash 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.

Ycash 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.

Ycash Exchanges
Ycash Explorers
YEC
Member Ratings (YEC)

--/5

0 reviews
Ratings and reviews left by our members do not impact the profile score.
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No one is talking about Ycash, be the first to start the conversation.

Do you think Ycash is a scam project which will disappear in a rug pull in the next few months or do you think Ycash is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

68.75%

Complete
Profile Status

How complete is this profile:

Lots of missing data points

This profile is still waiting for the following data points

  • project whitepaper
  • project team
  • bitcointalk thread
  • tradingview profile
  • exchanges
Member Signals

--/5

(no reviews)
Member Ratings
Market Cap Rank:
1259
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
Ycash Reddit
Ycash Github
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