emonad

emonad belongs to the long list of crypto names that sound like they want to be infrastructure, but the name alone does not tell you what job the token actually does. By our assessment, that leaves it in a familiar place: interesting if there is a live ecosystem around it, thin if there is not. The real strength of a token like this is usually the same as its weakness — it can be tightly tied to a project, so its value rises and falls with that project’s usefulness. In practice that means reading beyond the ticker, because the coin itself is rarely self-explanatory. Against larger cryptocurrencies, emonad looks like a smaller, more dependent piece of the market. It is the sort of thing that only makes sense once the surrounding project is understood.