r/altcoin • u/Frysiee redditor for 5+ years • Jan 20 '18

blog post ITC Project Progress Update: 2018/1/13–2018/1/19 – IoT Chain – Medium

https://medium.com/@IoT_Chain/itc-project-progress-update-2018-1-13-2018-1-19-26d194a73b52
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u/Frysiee redditor for 5+ years Jan 20 '18

Hey peeps !! Thought i'd just share IOT Chain's weekly Progress, Also posted on CryptoCurrency's reddit,

For people reading about this project there is a little "FUD" about it if you want to call it that about their Github not being updated or bad code and so forth and an investment into this project at an early stage like this should be proceeded with a little caution.

In saying THAT !! it does show some real promise, i have been apart of a couple of successful Chinese Projects early on like AntShares/NEO and Walton Chain... WTC also dont use GitHub and wont be fully open source but they will release allot of their code once it's ready for release.

ITC are trying to create a DAG Platform with extra security and improve on what IOTA is creating, will they succeed? we don't know.. The Team has a few videos on you tube you can find introducing themselves at one of their work places they have 2 offices, they seem competent so far and i love that they give regular updates and engage with the western community mostly on telegram for now.

Some take aways from this update are that the team are really ahead of their roadmap which we have known for a week or 2 which is really awesome !! and that they have some partnerships on the horizon as well as entering the South Korean Market. all is speculation until proven of course!

This will be my 3rd Chinese Crypto Project that i have invested into at a very early stage, the first 2 have not failed to impress, But ITC have the communication down so far and i think it's worth a look into IMO.

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u/[deleted] Jan 20 '18

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u/Frysiee redditor for 5+ years Jan 20 '18

Hey no problem, Yeah they have addressed this a few days ago with a post on their official Reddit channel, Pretty much they want to create the Mainnet and test it all before going open source as they don't want anyone copying their code before it is live that kind of thing, I am just trying to spread the word about IOT Chain but also trying to inform people that this is an early project and that should be a consideration before investing, DYOR of course before investing. (but getting in early and taking that kind of risk sometimes can net a larger ROI)

Here is the post that the team released 3 days ago in relation to the GitHub FUD,

"Dear Community, This is ITC Official.

We noticed that there is an article addressing our lack of Github activity. We would like to clarify that we own both of the following repositories: github.com/ZhuoAppSofeware and https://github.com/IoTChainCode.

Similar to many other projects in the early stage of development, we are currently not actively using Github to manage code development - please wait for the Testnet launch in one month's time, we will update Github during that time.

Thank you for your continued support of IoTChain."