As cryptocurrencies continue to expand into various aspects that mirror traditional finance operations one area that will certainly become more popular due to tax benefits and risk hedging is collaterized lending with cryptocurrencies and broadly with other digital assets. Trittium aims to provide one of the early solutions for this use case while delivering other ancillary services to support utilization of its TRTT coin. Masternode operation is one of the safer options for investing in a project that will continue to grow and add new capabilities while providing reliable dividends to investors.
Block Reward Schedule (20% POS/80% MN Rewards from Block)
Trittium is a project that has evolved since its inception. It aim's to tackle one of the biggest opportunities in the blockchain and financials space. Currently loaning against crypto or loans in general rely on banks or other more expensive services for loans. Peer to peer lending is one very strong use case for the cryptocurrency sector. Trittium aims to provide a lending platform to enable users to procure cross border loans. Collateralized secure loans with low overhead of setup is the first step towards achieving this vision. The ability to use cryptocurrencies(specifically TRTT coin) as collateral which are divisble enable a more flexible option for borrowers. In addition to the collateralized loans focus, the Trittium platform is working on other methods to increase revenue and utilization. Integration of masternode coins into their TRTTnodes platform for hosting and shared staking and masternode rewards dividends. They also are focused on working with other coins to deliver white-label web and mobile wallets. Many of these services utilize TRTT coins for payment and fee reduction.
The Trittium team is diverse and organized and focused on delivery support while working on the roadmap capabilities. The core team is lead by Evgeny Kagan, who sets the pulse and drive for the project. In a space that is not yet defined one of the first things you get a sense of when speaking with him is that he understands where he is going and how he wants to get there. He has a good sense of technology and business which is what you need for anyone that is leading a cryptocurrency team. It would be good to see a more public presence of other core team members outside of Evgeny to give the project more than one face to identify with the project. One item of note is that the Trittium team has not turned to popular shills to push its coin just for the sake of pushing it. This has resulted in a more organic development of an extended team interested in helping new investors and users.
Trittium has a strong brand presence and does an excellent job of propagating the logo, color and feel throughout all its outbound communications. A recent website redesign has resulted in a cleaner and simpler look and feel with updated information on TrttNodes, TrttWallets, TrttLoans, TrttAuth. The team does a fantastic job of engaging with its community in its Discord server and on Twitter. There is a dedicated role for Marketing within the team, which is always a great sign for a team's recognition of the importance of marketing and communications. A strong focus on transparency is certainly worth a mention here. The effort and follow through on transparency is one of the best draws about this team and is refreshing as it relates to other cryptocurrency teams. While there is no formal governance capability on Trittium, the team provides a lot of information about budgetary aspects of their operations to their community. Trittium does a great job of organizing and executing campaigns to engage and most importantly grow their community. The openness and availability of the team regardless of the nature of the information is strength that holds the community together. Their marketing expert (@7de9) has shown amazing effort in growing all aspects of brand awareness and creating comprehensive guides and weekly updates to investors.
At its core Trittium is a Proof of Stake coin with masternodes. It is a fork of PIVX code base and continues to make tweaks and improvement to the protocol to further prepare for their platform. Trittium has also recently released its TrttNodes application which enables investors to use a visually pleasing from end web site to invest in the various coins listed on its platform for the purposes of staking and masterndoes. Rewards from the TrttNodes platform are paid out in TRTT instead of the hosted coins. The TrttNodes platform will continue to be a core focus on the Trittium team. The team is working on capabilities that drive attention and focus to continued growth of TrttNodes. Compared to other masternode centric coins out there the Trittium has a substantial amount of implemented and usable solutions for investors and enthusiasts. The expansion of the TrttNodes platform could result in game changing(and leading) evolution of the already crowded masternode hosting landscape.
The team has recently implemented its Proof of Consumption(PoCon) model onto their platform. The important thing of note with PoCon is that its primary aim is to provide dividends based off utility versus just emissions via block rewards. This is a very critical distinction that sets Trittium apart from many other masternode/staking projects. The dividend is based primarily off of actual utilization with the services delivered by the growing platform. Not only does this model support masternode investors, but it pays for other day to day costs of the Trittium platform. The maximum supply of the coin will be maintained via transparent coin burns. While the reduction in block rewards in the short term may not be appealing to investors, the long term outlook and strategy of the Trittium team should yield dividends to masternode holders who believe in the holistic use case of collateralized loans and other capabilities implemented by the Trittium team.
The Trittium community is very active within its main forum of engagement which is their Discord server. For those not familiar with Discord, it is a platform for communities to create channels for discussion(voice/text). It has become a lynch pin for community development for early stage cryptocurrencies. The Trittium Discord(Link) has a wide variety of informative channels for many different relevant subjects and reasons. If you want to have a strong pulse on what is going on within the community it is best to join their Discord server's General chat and ask a few questions. Everyone is very willing to help and answer any questions about the project.
The community on Twitter is fairly engaged especially when it comes to promoting contests and bounties to everyone. Current follower count is around 1800 followers and this has steadily grown. The community is reflected well across the globe as you see consistent engagement in the language specific channels in the Discord server. As of now not much can be found on local meet up by the community and this sort of organic activity will be helpful to continue building its network effect.
The Trittium team has done an above average job of covering the basics and focusing on keeping their community engaged and up to date on information that can be shared. The cryptocurrency sector is an evolving sector so expectations of roadmap adherence must be tempered when the team is attempting to be one of the first to deliver a value added capability to the marketplace. It would be preferable to give the community on-going updates without dates or timelines unless the deliver is absolutely rock solid. The acquisition of the necessary licenses for the loan platform is one example where this could have been handled differently.
The naming convention around "TRTT" as a name basis also seems a bit overplayed and it would be great to see the team re-evaluate this strategy for a better product name design. Currently the project is run under a core team and with no plans for governance capabilities for masternodes on the horizon it is difficult to imagine that the community and investors can give input or direction to the project team short of using the popular Discord server. It would be good to see some plans for governance capabilities added to the roadmap in 2019.
One of the most critical pillars of cryptocurrencies is network effect and community. It would be good to see some local level efforts to get investors and enthusiasts together in "real life". Hopefully by the time we are able to perform follow-up analysis there will be a few example of this.
Trittium is an above average project in a cryptocurrency space that is littered with scams, low effort money grabs and over promises. Delays in delivery of necessary licenses were not used as an excuse to delay development and progress but more of a catalyst to drive implementation of the TrttNodes platform and building of partnerships with other masternode coins. The core team behind it is in part "centralized" but at this stage of the project it is necessary for the continued growth of the project. This team has put in an immense amount of time, money and effort to continue building during what has become a crypto "winter" of sorts. During a possible bull run in the future it wouldn't be surprising to see a project like Trittium still being around with functional collateralized loan platform and a long list of partnerships for its masternode hosting platform. All the aforementioned use cases promote utilization of the TRTT coin in a very real way.