For more surveys, check out the VeChain Community Survey and the Safe Haven Community Survey.

In April, the third project in the VeChain ecosystem was examined by a community survey. This time it was about OceanEx, the growing exchange with strong ties to VeChain.

Participation in the survey was possible from April 15th to 22th. A total of 397 people took part in the survey. The usual significance requirements (95% confidence level, 5% margin of error) were more than fulfilled with regard to the target group.

Summary of results:

75% of the participants became aware of OceanEx before the exchange went live. So it is not surprising that about half (48%) participated in the token sale. However, only 12% of the community joined in 2019. This indicates a slow growth of the community.

Similar to VeChain or SafeHaven, the community is planning OceanEx as a long-term investment. Half of the participants have sold less than 10% or 0% of their OCE so far. 76% said they wanted to keep OCE for more than a year. And the price targets also speak for themselves: 96% would not sell at the current price, 35% only at a price of $1.00 or more.

A look at the distribution of the OCE tokens among the participants reveals an imbalance in the Member Club Levels – especially with regard to levels 4 and 5.

The ratings of the upper levels, for which at least 50,000,000 OCE are required, are correspondingly negative. 48% of the participants are of the opinion that level 4 is too high, with level 5 being even at 53%.

At the same time 58% of the participants are convinced of the member club benefits – this means, however, that 42% still have to be convinced. This part of the community would not store their OCE tokens on the exchange at the moment.

91% have already collected trading experience on OceanEx, 40% have already shifted most of their activity to this exchange. VET (92%), OCE (78%), VTHO (73%) and SHA (61%) were the most frequently traded assets. TIC (29%), USDT (24%) and DBET (11%) are the worst performers. On average, participants stated that 45% of their trading activity was already carried out on OceanEx.

With regard to various dimensions of the project, trust & security received top marks (8.0 on a scale of 1 to 10), and design (7.8) and platform speed (7.7) also came off very well. Trading campaigns (7.0) and marketing as well as social media activities (6.5) were rated lower.

Additionally, different statements about OceanEx should be evaluated again. It was notable that there was a low level of approval with regard to satisfaction with the Member Club program (24%) and a high level of understanding with regard to compliance procedures (e.g. KYC) (76%). The evaluation of all statements can be seen in the complete document at the end of the article.

The mobile trading app was at the top of the list of missing features (8.4), closely followed by fiat trading pairs (8.3). The other places were occupied by the stop/limit trading functionality (7.7), the IEO launchpad (7.5) and the export of the trading history (7.0).

Participants prefer an OCE Club system as the launchpad format (52%). The trading campaigns are used by the participants rather occasionally – most of them stated to participate from time to time (33%).

The coin burn received the highest rating (8.3) for a possible increase in the value of OCE – closely followed by the Launchpad (8.1).

The open text responses also turned out to be very interesting. Here the following wishes were expressed:

– The possibility to buy crypto via bank transfer / credit card

– Implementation of a fiat money gateway

– Connection between VeChain wallet and OceanEx exchange

– More OCE trading pairs & more project listings in general

– Dividends based on the amount of OCE a user is holding

– Export functionality of the complete trading history

– Mobile trading app

– Release of a roadmap / development timeline

– Better communication, more transparency and marketing

Although OceanEx is a very young platform, they have already achieved a lot that they can be proud of. However, there is still a lot of room for improvement – users are used to certain features or offers from other exchanges and don’t want to be deprived of them on OceanEx.

The complete survey report can be downloaded here.

If you have any questions, please feel free to contact me on Twitter at @hh_tim. You can find more contact options on my website www.cryptolyze.online

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After the VeChain Community Survey we will now take a look at one of the most important projects in VeChain ecosystem – Safe Haven.

The survey was open for participation from February 5th to 12th. It was shared via Twitter, in the official SafeHaven subreddit and in various SafeHaven related Telegram groups. With more than 1,500 Safe Haven wallet accounts and more than 10,000 followers on Twitter, the survey would have needed at least 370 participants (95% confidence level, 5% margin of error). A total number of 378 people sent in their answers.

Let’s dive right in and have a look at the key findings of this survey.

51% of all participants have heard of SafeHaven before the token sale took place in Q3 2018. Therefore, it is not surprising that 40% bought their first SHA tokens during the token sales. And that’s not all: More than two thirds of the token sale participants bought additional SHA on exchanges afterwards.

Another amazing number in terms of token sale participants: 79% have sold less than 10% to none of their SHA so far. A little more than half (54%) said they have more than 1,000,000 SHA and therefore enough tokens for a masternode.

And the participants will not part with these tokens so quickly, because an incredible 99% would not sell their SHA at the current price. As already with VeChain, the price expectations are very high. SHA to VET is the most important price pair for the majority of the participants (63%).

It gets really interesting when you look at the questions about the masternode program.

The people were asked to rate the masternode tiers on a scale from 0 to 10 (0 = too low  | 5 = just right | 10 = too high). It seems that SHA has chosen the levels wisely, as almost all masternode levels move around the middle (Legacy = 6.7, Consensus = 6.2, Harbor = 5.6, Connect = 5.5).

More than two thirds of the participants plan to hold a masternode. The different levels are divided as follows:

Of the people who want to hold a masternode, only about half (48%) have collected enough SHA. If the required SHA tokens of all participants are added together, the total is 423,054,000 SHA – about 3.4 million per participant.

For SafeHaven it should be extremely important to know what the users think about the services offered.

The good news is that more than half (51%) of participants plan to use SafeHaven services at this early stage and only 4% said they would not. The bad news: 45% are not sure yet. There is still a lot of persuasion to be done.

Participants were asked to rank the known services on a scale of 1 to 10, where 10 stood for “I know everything about it”.

The SH Inheritance Platform (6.1), ThorBlock – which 24% of respondents have already used before – (6.0) and ThorPay (5.9) scored best. But even among the top riders, there is still a great need for information on the part of the community.

This is followed by the Trust Alliance Network (5.5), the SafeHaven Wallet (5.4) and the Atomic Transaction Protocol (4.9). U2FA Fido (3.9) finished last.

Probably the most impressive value of the survey was the question of a solution to the problem of the death of a crypto-holder. 97% would use a service that ensures that the access data is passed on to the family.

Also interesting was the question of trust in SafeHaven. Even though 75% is a very good value – especially if you consider that this is a business where a lot of money is involved – SafeHaven should think about approaches to convince the remaining 25% of them as well.

Finally, users were asked to rate various statements about SafeHaven. SafeHaven received top marks for its communication with the community and the future of the project. Many participants were also of the opinion that SafeHaven is the most promising project from the VeChain ecosystem.

Feedback on the website was asked in two open-ended questions and general feedback was requested. The users see some potential to improve the newly designed website. The general feedback was very positive, as was the overall survey.

The complete survey report can be downloaded here.

Like VeChain before, SafeHaven also achieved very good results. In some questions VeChain’s values were even exceeded (e.g. communication with the community). A very good sign for a project as young as SafeHaven, since confidence on the part of the community and investors is an elementary building block for success.

If you have any questions, please feel free to contact me on Twitter at @hh_tim. You can find more contact options on my website www.cryptolyze.online

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A note on the author: Tim is a Senior Online Marketing Manager with many years experience working in the field for an online agency. His professional focus has been on quantitative and qualitative market research. He has conducted and evaluated studies for clients in various fields (including digital media, social media, logistics, sports, and gambling). Tim is from Germany, with a Masters degree in Marketing & Sales, and a Bachelor in Media Management.

I always wanted to contribute something to the crypto world, so with this community survey I found a way to do so. VeChain was a perfect fit for this project because of its use cases and project structure, as well as their outstanding community.

From November 17th to the 23rd, the survey was shared via Twitter, in the official VeChain subreddit, and in various VeChain related Telegram groups. Altogether, 561 participants took part in the survey.  With more than 37,000 VeChain accounts and more than 50,000 subscribers in the VeChain Subreddit, the survey would have needed at least 382 participants (95% confidence level, 5% margin of error).

First, the most important result: The VeChain community is characterized by great loyalty and confidence. These results are more meaningful because the survey was conducted during a very poor market phase. Here are some key findings from the Community Survey.

The average VeChain investor is about 34 years old. 76% of all participants had heard of VeChain before 2018, and 60% bought VEN tokens before 2018. For 30% of the people that took the survey, VeChain is the only crypto related investment. VeChain accounts for 74% of the portfolio among all participants who own other Crypto projects.

Almost 9 out of 10 people are looking to hold VeChain for a very long time. The participants rated the statement “I am confident that VeChain will achieve its goals and be successful” with a strong 7.8 out of 10 (10 = “I strongly agree”).

The same statement can be made about the X-nodes. 29% of the X-node holders won’t sell their X-node at all. 59% are considering a sale, but not before 2021.

Whoever is selling VET at the current prices is in the minority. 95% of the participants are not willing to sell in this price range. People have high expectations about the future price of the VeChain token. Same applies for the VTHO token – only 5% of the participants are selling at the moment. Other people are waiting for higher prices. Exactly one half of the participants are expecting a ROI higher than 5% by selling their VTHO in the future.

The other projects from the VeChain ecosystem were also put to the test. OceanEx was the frontrunner, followed by SafeHaven. Other projects were evaluated by the participants as follows:

A Look at the Mainnet

Finally, let’s shift our gaze to the mainnet. Since the number of transactions/clauses stands for adoption, it is currently the most important figure. This was also confirmed by the participants when asked about the most important price factor – adoption was still ahead of a bull market.

At the time of the survey, VeChain had less than 5,000 transactions/clauses per day. Only 9% of the participants would have been satisfied with this number by the end of the year.

Meanwhile, the VeChain network is experiencing strong growth. At the beginning of January (2019), there were about 31,000 clauses on a daily basis. If VeChain can maintain this daily average throughout the month, January’s total volume will come close to 1,000,000 clauses. This is not taking into account more potential growth, which is almost certain based on the past weeks.

In summary, VeChain can be very satisfied with these results. It should give both the community and the team a motivation boost, as everyone is very optimistic about the future – even though the current situation within the market is very difficult.

Depending on the development of the crypto market as a whole, as well as VeChain’s progress, the 2019 survey will be repeated in a similar form in order to analyze the results over time. The complete survey report can be downloaded here.

If you have any questions, please feel free to contact me on Twitter at @hh_tim. You can find more contact options on my website www.cryptolyze.online.

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