I recently discovered Chancoin ($CHAN/$4CHN), an off-the-radar coin that I think is seriously undervalued and I see no reason why it can't do a 500x or even 1000x (I'm serious) based on competitor coin market caps.
I realize this post so far has sounded very scammy but below I lay out fundamental reasons for my valuation.
Use Case
In simplest terms, Chancoin wants to allow meme creators to be credited each time their original content get's shared. This means that when you, the memelord, create a dank ass meme on Veeky Forums and it makes its way to Instagram, you're getting credited for each share that it took to get from Veeky Forums to Instagram. Chancoin does this now by posting your Chancoin public key for tipping but ultimately will implement steganographic technology.
In this way Chancoin is like Dogecoin, Reddcoin and Monacoin, coins that are used to incentivize, reward and promote content creation, each geared toward a specific type of audience.
Development
Chancoin was a fork of Litecoin and has four active developers led by Gossamer Socks. The developers recently implemented an upgrade to the protocol called Cloverhash that allows for CPU mining and will allow for GPU mining in the near future. Progress is happening extremely quickly.
Community
Chancoin is active on Bitcointalk, Discord, Trello and Twitter. There are two Discords, both with hundreds (yes) of contributors. The developer Discord tracks Chancoin's progress. The other Discord, called Chancoin City, has an endless supply of Chancoin-inspired memes. The community around Chancoin is tangible
Valuation
Chancoin's market cap is $448,692, has 7,454,915 coins ($0.06/coin). Based on Chancoin's Veeky Forums origin alone I think this means it is insanely undervalued. And based on the market caps of competitor coins like Dogecoin ($636,776,951), Monacoin ($313,937,358) and Reddcoin ($246,405,147), I am of the firm belief than Chancoin can do a 500x to 1000x.
And that's my case for Chancoin
