A few days ago I wrote an introduction to Modum when it only had around a $15 million market cap. Today it's sitting at almost $41 million following a small decrease in price recently. Sadly, I sold when it was around $25 million market cap.
Despite the massive increase in market cap, I still feel this project is quite under the radar, thus undervalued.
This is NOT a shill post. I do not actually own any Modum at this stage but will probably buy a bit if the price drops a little.
Introduction
Modum aims to ensure safety by utilising blockchain technology. They have developed working prototypes of a sensor that can track key information such as temperature and humidity during the transportation of drugs, pharmaceuticals and even human organs.
This is necessary to ensure that the transportation process is in line with new regulations
Modum's Impessive Feats so far
- Over 800 shipments already
- Strategic partnerships with pharmaceutical companies
- Spoken at 5 conferences just this week
- Working product
- Close collaboration with IOTA
- Corporate partners include: The University of Zurich Computer Systems Group, The Department of Transportation and Logistics at The University of St Gallen, Schaer Pharma, and Vario Systems
Why Now is a Great Time to Buy
- Relatively small market cap
- People are still just discovering it
- In a small dip right now (down around 10% since yerday this time)
- Tokens can be used to vote for milestones in the coming week
- Token will be used for profit sharing, although details are not clear on this yet
- Only listed on etherdelta, meaning when it's listed on a well known and MORE USABLE exchange, price and volume will likely increase
If you have any questions or find any mistakes, feel free to comment.
Thanks for the information. Obviously sounds like a great idea. Because this is a specific company, the token should be pretty easy to valuate. Have you looked into any financials (earnings, equity, etc.)? Thanks! Good post.
The point of the tokens is to earn dividends. They will start paying dividends but said their legal team advised them to not make any statement about the financial returns due to legal reasons. So for now, it's quite hard to really valuate them.
Thanks, cryptoeater.
img credz: pixabay.com
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