November 1st, 2017 – Version 2
Definition from Condensate Bitcointalk OP
There is a storm coming in the Cyrptocurrency scene and it’s CONDENSATE. A PoW/PoS based coin with random rewards for both PoW and PoS. Initiated by the formation of clusters within the volume of its network. Rain is distributed across the condensation network anonymously and securely, with the ability to send encrypted messages. Is it going to Rain today? A randomized staking reward gives anyone the chance to get caught under the rain cloud. It allows anyone who is on the network to get rewards regardless of their wallet balance.
The aim of Rain is to create a secure and robust network that is supported by its users in a meaningful way. To make it figuratively and literally rain on the community, and to utilize this network to partner with climate researchers and scientists to help better understand the world that we all live in.
Community Enthusiasm – 3.5 out of 5
- Condensate Slack has grown to over 500 members.
- Bitcointalk thread is Regularly active.
Active Development – 2.5 out of 5
- The devs are working in the background.
- There is a responsive Lead Developer available to the community.
- There is a loosely formulated Roadmap for Development without dates.
Exchanges – 3 out of 5
- RAIN is a new coin introduced in early May, 2017
- RAIN has fluctuated greatly between 500 and 2000 sats for the last few months.
Wallets – Links can be found in the Bitcointalk link below
- Linux Wallet
- Website – http://condensate.co
- Slack – Slack Invite Link
- Bitcointalk – https://bitcointalk.org/index.php?topic=1895018.0
- Block Explorer – http://condensate.cryptophi.net/
- Development Plan – See Bitcointalk OP in link above
- GitHub – https://github.com/OBAViJEST/rain
November 1st, 2017 Summary
When I first reviewed Condensate back in June, RAIN was priced below 100 sats. It has been way above that price for a while and fluctuates violently with the alt market. Not much has changed since June. There is no new wallet or really much to show in development, but the community has grown and is excited about the future. The Whitepaper is soon to be released.
I have been staking RAIN since June and it is by far my most profitable staking coin earning approximately 200%/year return on the RAIN currency itself (not including the rise in price). I believe this is unsustainable, but still I am taking advantage of it as long as I can.
I have read the preliminary Whitepaper and I don’t really understand how Condensate will remain valuable and provide a useful service, but at the moment it is worth just holding and staking, so I will see what the future holds.
The price fluctuates drastically, so if you are thinking about buying take a look at the chart and just wait to buy low. There are not a lot of exciting updates coming in the next few months that I can see, but the amazing staking has been enough to drive the price over the last six months. The staking rewards are not just profitable, they are fun to watch. You never know if you are going to get 10 RAIN or 200 RAIN… you just have to wait and see.
It is hard to say where RAIN goes from here. It depends on the market I believe. Alts are due for a positive correction, and that may be what Condensate needs to get the price back up. This is one coin you will want to research before jumping into.