Idavoll Network, abbreviated IDV, is a digital currency or form of a digital asset. Idavoll Network is a decentralized organization platform that provides infrastructure and services to users of the Idavoll Network and Polkadot parachains. Each Idavoll Network’s individual organization exists as a set of modules that define the organization’s stakeholders and their associated rights and privileges. Idavoll Network will implement Idavoll Court in the future, developed and maintained by Idavoll Network token holders. Organizations can use the Idavoll Court to resolve subjective disputes with binary outcomes utilizing Idavoll’s unique on-chain solutions.
Idavoll Network is based on Substrate and runs as a parachain on Polkadot. Idavoll Network has a set of pallets to manage decentralized autonomous organizations (DAOs), including organization module, voting module, token module, and finance module. By chaining these modules together, everyone can define a DAO which constrain how actions can be performed within the organization's rights.
Launching in January 2021, it's too soon to talk about IDV's annual Return On Investment (ROI). However, the data is sufficient to calculate its monthly ROI. Our data shows that IDV saw a noticeable decline in its price, with a 47% loss. However, if you had bought IDV a week ago, you could be slightly happy with a 4% profit in your investment. You can have Free access to our report about IDV's ROI here.
Projects with public Github account have more transparency and reliability. Generally speaking, investing in projects with multiple contributors and commits is considered safer and better (This means developers are busy working and building the project). There are only three contributors to the IDV project who did no code commits over the last four weeks. You can see our full report here.
On the other hand, popularity is another critical factor in determining the success of a cryptocurrency project. The number of IDV's Telegram channel users followed a decreasing trend over the last three months, leading to a 16% decline in the number of users. Although its Twitter account followers had been seeing a similar trend from late June 2021 to mid-September, a sharp jump between September 15 and September 20 led to the overall growth of 258% over the last three months, with more than 9k followers. You can find our full popularity report for IDV here.
Talking about market capitalization ranking and price, IDV saw a bell-shaped trend over the last three months. Following an upward trend from late June 2021 to August 15, IDV's market capitalization rank peaked at 636 on August 15. Thereafter, the figure's slope got negative, leading to the rank of 920 among all cryptos in the market, with less than $16 million worth. IDV's price also followed the same trend, peaking at $0.041 on August 15, and then decreasing to $0.019 on September 20. Moreover, IDV's liquidity score is 20% below the market's average score, making it harder to sell IDV in bear markets. Our full report is accessible here.
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