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ICO Analysis: BolttCoin

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Physical activity plays a very important role in our health and fitness. Most people know this but do little about it because of our busy lifestyles or lack of motivation. BolttCoin is aiming to change this by building a platform to reward you for taking steps to better health and fitness. Boltt is already an established company founded in 2015 and has become a leading mobile health tech company in the area of gamified health applications and wearable technology. Boltt has won many top awards including the category of wearable technology 2017 Frost & Sullivan Companies to Action Award.

The launching of the gamified fitness platform BolttCoin allows users to mine BOLTT tokens from walking and verified by “Proof of Steps”. BOLTT tokens are utility tokens that can be traded, used to make purchases on a large partnership ecosystem, and can be used by companies to link to their existing loyalty programs. Health insurance companies can even use BOLTT in the form of discounts for their policyholders.

There are many potential use cases for companies, brands, celebrities, etc. such as encouraging more engagement, creating loyalty, and promoting better health for employees/followers. One example is the platform has an open API enabling anyone to organize customized tournaments or challenges that can be used by brands, retailers or celebrities to have more engagement with their customers and followers.

BolttCoin makes use of dual blockchain technology based on Waves and Ethereum blockchain protocol to record the individual health records, marketplace, exchange, and wallet transactions. In addition, it utilizes several other technologies to develop the mobile app, business logic and admin backbends ensuring the speed, security and mass adoption. It also provides APIs for other systems based on Waves protocol to easily communicate with the BolttCoin ecosystem.

The core components are listed below:

  • Boltt health reward engine: Earn/mine Boltt tokens with steps and personal health achievements.
  • Boltt engagement and gamification: Challenges, tournaments, and games from sponsored brands, celebrities and corporates to reward participants. In addition, it enables merchants to create loyalty programs on the Boltt platform.
  • Boltt decentralized marketplace: Product listings and sales as well as offline shops, insurance benefits, utility bill payments, entertainment bookings and more.
  • Boltt identity management and health ID: Digital identity for individual users. One global health ID on the Blockchain that provides a higher level of security and privacy and available on demand.
  • Boltt crypto wallet: Hold fiat or multiple cryptocurrencies, multiple top up and cash out options, money transfer, bill payments and a decentralized exchange.

Token

BOLTT is a utility token that can easily be mined by simply taking daily steps. Download the BolttCoin App, take the steps and mine the currency. BOLTT tokens can then be used to purchase different goods and services across the In-App Boltt shop.

BolttCoin will be one of the first cryptocurrencies to be simultaneously issued on the Waves platform and the Ethereum platform. Boltt tokens will be interchangeable from one blockchain to another using technology comprised of a web interface, locked wallets and smart contracts on the Ethereum side. Dual blockchain provides stability and flexibility, and BolttCoin holders will be able to use the advantages of both platforms.

The private sale began May 20, 2018 and will run till June 10, 2018. During the private sale there are FOUR different bonuses available: 20% for contributions between 0.1-100 ETH, 30% for contributions between 100-500 ETH, 40% for contributions between 500-1500 ETH, 50% for contributions above 1500 ETH. An additional 5% bonus will be given to white-listed members during the private sale. The pre-sale will begin immediately after the private sale ends. During the pre-sale, there will be FOUR different bonuses available: 10% for contributions between 0.1-100 ETH, 15% for contributions between 100-500 ETH, 20% for contributions between 500-1500 ETH, 25% for contributions above 1500 ETH. The public sale is scheduled for Aug 1, 2018 – Aug 30, 2018, in which there isn’t a bonus or minimum investment amount. All unsold tokens during pre-I CO and ICO rounds will be automatically burned.

The token distribution is as follows:

  • 59% Crowd Sale
  • 9% Founding Team (Locked for 1 year)
  • 7% Strategic Partners
  • 6% Advisory Board
  • 6% Bonus
  • 5% Steps Mining
  • 5% Corporate Issuance
  • 3% Bounty Program

The token sale allocation is provided below:

  • 28% Technology & Blockchain
  • 17% Operations & Legal
  • 16% Global Expansion & Collaboration
  • 15% Business Development
  • 12% Marketing
  • 12% Reserves

Team

According to the BolttCoin website, the team has 36 members on board, which includes blockchain developers, data scientists, mobile ops, backend/frontend developers, marketing experts, platform engineers and operations professionals. They list six executive team members along with their LinkedIn links:

Arnav Kishore – CEO and Co-Founder

  • CEO – Boltt Sports Technologies
  • Former Co-Founder & CEO – Globalite

Sahil Goel – Chief Product Strategy and Co-Founder

  • CEO – Kraftly
  • CEO & Co-Founder – Bigfoot Retail Solutions
  • CEO & Co-Founder – KartRocket

Rajesh Bhatia – Financial Advisor and Co-Founder

  • Former CEO – JSPL

Gurdeep Singh – Director Strategic Alliances and Co-Founder

  • Member Board of Directors – Hometech Smartvalue
  • CEO – Reliance Communications
  • Former COO – Aircel

Lalit Kishore – Chief Strategy Officer and Co-Founder

  • Former President & Partner – SSIPL Lifestyle

Aayushi Jugasia – Co-Founder

  • CMO & Co-Founder – Boltt Sports Technologies
  • Founder – Globalite

They also list a legion of all-star advisers, such as:

  • Sally Eaves: Sr Adviser for Executive and Technology Team
  • Ian Scarffe: Chief Investment Adviser who played a role in helping several multi-million-dollar ICOs
  • Simon Cocking: Chief Strategy and Public Relations Adviser; Co-Founder & Senior Editor – Irish Tech News; Editor in Chief – CryptoCoinNews; currently ranked #1 / 18,000 “People of Blockchain”
  • Warren Whitlock; Blockchain Expert & Social Influencer; ranked #27  100 Most Influential Blockchain People in the World; CEO and Founder – Ochen Publishing; Author of Twitter Revolution
  • Jennifer Grayson; Healthcare & AI Expert; named 1 of 8 top Women in Crypto; CEO – Powered by NeurealSM

Verdict

This is a multi-billion dollar industry with millions of people using wearable health tracking devices and mobile apps. Earning Boltt tokens to do so should be enticing to many which could translate to great success for BolttCoin. Adding gamification, a decentralized marketplace, identity management and a crypto wallet, BolttCoin is an intriguing blockchain project with tremendous upside.

Risks

  • Major companies with immense resources, such as Fitbit, are sure to implement blockchain technology in the future and compete directly with BolttCoin. -1.5
  • The team mainly comes from the same company, Boltt, and currently doesn’t possess an all-star member in the cryptocurrency space. -0.5
  • Investors prefer to see lockup periods for ICO team members and advisers, which gives the perception of long-term commitment. However, there is no lockup period mentioned for tokens allocated to the BolttCoin team and advisers. -0.5

Growth Potential

  • BolttCoin has tied up with several large and well-known partners that, in their essence, are some of the world’s most significant corporate entities. +4
  • The amount of hype and awareness surrounding an ICO does have an impact on their initial success or failure. BolttCoin is succeeding in this area with multiple high rankings online as well as large Telegram, Facebook and Twitter numbers. +3.5
  • Tracking health and fitness via wearables and mobile apps is a business model in which Boltt has already found success in and should improve upon with BolttCoin. +2.5

Disposition

An existing company that has already had success in the area in which it is transferring to the blockchain starts with a major headstart over competitors who are starting from scratch. Boltt aims to add their large active user base to BolttCoin which would translate to instant implementation, adoption and success. Also, with the trend of more and more people looking for ways to improve their health, BolttCoin is poised to capitalize on this massive market. As such, the project receives a rating of 7.5 out of 10.

Investment Details

  • Symbol: BOLTT
  • Type: Utility
  • Protocol: Waves & Ethereum
  • Price: 1 BOLTT = 0.00025 ETH
  • Hard Cap: 25,000 ETH
  • Total Supply: 170 Million BOLTT
  • Payments Accepted: BTC, ETH, USD, EUR
  • Private Sale: May 20, 2018 – June 10, 2018
  • Pre Sale: June 11, 2018 – July 20, 2018
  • Public Sale: Aug 1, 2018 – Aug 30, 2018

For more information regarding Boltt:

Website: https://bolttcoin.io/
Telegram: https://t.me/BolttCoin
Twitter: https://twitter.com/bolttsports
Facebook: https://www.facebook.com/bolttsports/
LinkedIn: https://www.linkedin.com/company/boltt-sports-technologies-pvt-ltd/
YouTube: https://www.youtube.com/channel/UCQh4jrmKaQdNlY_wsrCBAuQ

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 53 rated postsKent Hamilton - Co-Founder of CryptoDayTrader.io, where we are building Pro Crypto Tools




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ICO Analysis: EndChain

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Logistics is a series of transactions that link a product from raw material through to the consumer. The logistics and transport management industry generate approximately 13% of GDP globally. Current supply chain logistics models are good, but not great. They can be improved by blockchain technology.

EndChain is a new project based on Ethereum, which aims to disrupt the logistics industry through decentralization, open protocols, and utilities. They believe the best way to improve current systems is to eliminate almost everything except the scan of the package.  According to them, “Technology can be molded to handle the rest of the necessary steps and to fit the needs of all users wanting to access the data.”

From the whitepaper:

“While some companies have attempted to create blockchain solutions for modern logistical problems, no complete solution exists today. Current options revolve around expensive RFID chips or an overt reliance on consumer input. EndChain focuses on the entire logistics chain: from manufacturer to businesses to customer to reseller. The goal of EndChain is to become the blockchain solution that the logistics industry desperately needs by allowing one blockchain that is easy to use for all verticals of the supply chain.”

EndChain wants to reduce the cost of logistics by providing a blockchain that’s responsible for all the data across the supply chain. Their uniform blockchain lets businesses easily adapt and communicate with one another. Their system will cover each sector of the supply chain, including the second-hand market.

The entire Endchain system is based on the use of their patent-pending QR/barcode design. Each item produced in the EndChain supply chain is paired with a unique id that can be automatically registered on the chain. This id is the foundation of Endchain and ensures that every physical item is linked to its digital counterpart.

All businesses which use the EndChain software will be able to identify themselves as producers, transportation, B2B or B2C stores. Employees simply need to scan the code. That simple scan will break down both the generic barcode and the individualized QR code. The software then automatically updates the chain with the new data that can be seen by all users.

There are 2 major benefits to their QR/barcode combo:

  1. It simplifies the scanning process. Instead of 2 or 3 separate barcodes, logistics workers will only have one easy to read code, filled with all the data.
  2. The code will update both the blockchain and the legacy systems at the same time. This allows EndChain to easily integrate with legacy systems that may not want to completely change their current methods just yet.

Additional benefits:

  • Reinforce the Authenticity of product
  • Secure transactions and fast settlements
  • Visibility in the supply chain
  • Cost-effective
  • Route optimization
  • More info on the product and cheaper costs
  • Ownership history

Token

ENCN token is required to purchase QR codes, make smart contracts, and access the data stream.

Token burning: EndChain’s self-regulating economy burns 2-4% of tokens per transaction. It works by destroying  more coins if the current market value of the ENCN is low. If the value of ENCN rises, less supply is destroyed as fewer coins are required for each smart contract.

Distribution:

  • 55% ICO
  • 22% Future development
  • 10% Team
  • 5% Leadership
  • 5% Advisors
  • 3% Bounty and referrals.

Use of proceeds:

  • 60% Development
  • 25% Marketing/sales
  • 5% Legal
  • 5% Security and compliance
  • 5% G & E

Team

Team EndChain is a mixed group from all around the globe. 15 team members and 9 advisors are listed.

Aaron Perkowitz – CEO.  Since October 2017 until now he’s been a Fund Manager at HNA Group, a global Fortune 500 company focused on aviation, tourism, logistics and financial services. Other than that, he lists 3 internships; Morgan Stanley, AngelVest, and RocketSpace.

Pierre Angot – CTO. Paris, France.  A self proclaimed Artificial Intelligence and Blockchain maestro, co-founded Medway, a telephone medicine app with between 2-10 employees. 2 years Managing Director at WAGT Consulting. Currently a Data Consultant at Verteego.

Felix Engelhardt – Business Developer. Currently (8 years) an Analyst at Cimic Group Limited, a world-leading infrastructure, mining, services and  private partnerships group with over 1,000 employees.

Javince Chan – UI/UX Designer. Lots of experience specifically in UX design; Currently at Quadrant Studio, she’s also worked for Amazon (1 yr), AKQA (1 yr), and Symplicit.

It’s an impressive group of advisors, with specific skills they acquired from places like; Huawei, Cimic Group, Morgan Stanley, Audi, Uber, Activision and Blizzard.

Partners are highlighted below:

Verdict

“EndChain provides a complete and cost-effective logistics package that benefits all parties of the supply chain. While most utility tokens focus on high end goods, EndChain focuses on the low to middle market, an area that has been ignored for too long. EndChain is able to enter this market due to the ease and low price of our system compared to other utility tokens which focus on expensive NFC chips or manual entry.”

The current blockchain solutions for the logistics industry won’t work for the majority of goods. They are too expensive to mass produce, therefore, they focus on luxury goods such as handbags, diamonds, and art while the vast majority of market purchases are ignored. EndChain is working on a solution by making a cost-effective product that can be applied to all goods.

Risks

  • Ethereum Blockchain. -1
  • There is already a lot of blockchain competition, and all their token values are at all time lows right now. Demand is not currently here. -2
  • 3% of their tokens will go to bounty/referrels. These bounty hoes usually just dump their tokens as soon as they hit an exchange. -1
  • 50% presale bonus. Same thing as above. They will dump at the first sign of dumpage. -1
  • This will be really challenging to scale. -1.5
  • Unsold tokens may or may not be burned. When we asked them in Telegram, their response was, “Once we got a concrete details, Soon we will be having an important announcement regarding that matter, stay tuned.” -0.5

Growth Potential

  • The team has produced a very profession ICO, a patent pending scan system, and lots of work on GitHub. Here’s their CEO giving a quick explanation on the work they have achieved so far. +2
  • Their uniqe QR code incorporates a barcode within the QR code. This allows users to scan the only code found on the packaging. Businesses that still use a legacy system can scan the embedded barcode. +3
  • 2-4% of the revenue generated from sales will be dedicated to burning EndChain tokens. +4
  • They will give a percentage of ENCN tokens to tradition shipping companies for free, to recruit them to the blockchain. Once they see the benefit of EndChain, they will become valuable costumers. +2
  • One of the largest benefits of this system is that it can be done offline. Information isn’t being downloaded, only uploaded, therefore it can remain in the system until its fully loaded, no need to wait to scan the next item. +3

Disposition

The team is strong, the whitepaper is professional, and the roadmap is realistically detailed. The goal is to launch the full version in Q3 2020. If they raise enough money in this token sale, we like their chances more than most. 7/10

Investment Details

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.2 stars on average, based on 26 rated postsJoshua Larson is also known as the "Bullshit Man" for his ability to spot it a mile away. Avid ICO researcher and contributor. Former professional poker player/backer. Spent 10 years analyzing hand history, stats, and player data. Discovered blockchain in late 2016, and never looked back. He now uses his analysis skills to investigate ICOs full time. What a perfect match, because in today's crazy world of ICOs, information, passion, and diligence = dollar bills!




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ICO Analysis: OATH Protocol

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OATH Protocol wants to build an analog of a decentralized dispute resolution system modeling the common-juror system. In their view, this will solve the solution to the blockchain governance problem.

OATH Protocol wants to provide a solution to the Blockchain Governance system.

In order to do this the company plans to:

  • increase the usability of smart contracts by providing an easy to use user-friendly smart contract creation tool
  • creating a decentralized jury community, comprised of members with diverse backgrounds and areas of expertise
  • invites users from all communities to not only provide governance for the dApp they support but also for other ecosystems.

The protocol’s main advantages include:

  • Trust – all data is hashed on a blockchain.
  • Confidentiality – all jury members data of confidential.
  • Dynamicity – protocol will ensure that different jurors will be resolving multiple cases to avoid a collision and ensure the integrity.
  • Fairness – protocol will ensure random jurors selection based on a variety of factors as gender, background, age, etc. to have full objectivity.
  • Incentive – a mechanism to motivate jurors for participating and assign them credit.
  • Autonomy – parties mutually set rules that they would be bound by.
  • Transparency – jury votes are disclosed to the community after resolution.
  • Archive – protocol allows keeping all data in a structured irrecoverable way.

Use cases include, but are not limited to, the following:

  • E-commerce, which involves a variety of disputes, such as quality problems, missing pieces, broken product, etc. OATH jury will resolve each dispute based on user-provided testimony.
  • OTC trade of digital assets.
  • Disputes involving decentralized property rent.
  • Decentralized moderation.
  • Oracle for betting.
  • public chain governance.

So basically OATH is a decentralized agnostic protocol that offers a solution to of decentralized governance to all blockchains and Dapps.

Blockchain architecture is highlighted below:

OATH Protocol is an agnostic blockchain which may be integrated into other Daps and public chains.

The chain contains two main files:

  • Case ledger, which includes all information such as contracts, verdicts, voting reasons, selected jurors.
  • IPFS (InterPlanetary File System), which is a network designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system. It replaces traditional domain names with content addresses so that users don’t have to consider names and paths of file storage.

Token

The total token supply is: 10,000,000,000 ERC-20 tokens (OATH).

Token use is summarized below:

  • Engagement between participants/granting access to the platform
  • Internal currency

Tokens are earned as nodes, disputes resolution and community services.

Team

We see a well-balanced team with a diverse background in tech, business, and law. Yin Xu, CEO, won several awards for best mobile application.

Jenny Vatrenko, COO, is an influential lawyer and  former litigator at Boles Shiller. She is active on the group’s Telegram channel.

Hongwei Wang has a strong technical background, including eight years of combined experience at Google and other tech-focused companies in China.

On the advisor side, we see people from Zefund, Qidain Capital, Continue Capital, a founder of an EOS supernode and energy startup NAD. Advisors cover the main focus groups: technology, business and legal. Jia Tian is a notable advisor who worked at Baidu and Alibaba, and is a big investor in Bitfinex Dafeng Guo. Tian worked for big investment banks like Morgan Stanley and Goldman.

Zainan Zuo is another notable advisor who serves as a core developer at Ethereum, and is a main developer of the ERC-1202 standard for Ethereum.

Investors

Several notable investors from the VC and blockchain worlds are also worth mentioning. While most are medium-sized funds, Quarkchain is among them. Quarkchain was a top ROI project during the second quarter of this year. EOS Asia and NEM are also partnering with OATH.

Verdict

In general, the project looks interesting. The team has the necessary technical skills to implement the product. We see the support of smart money. The very idea of the product itself is exciting. The decentralized dispute resolution system, which can be used both as a means of resolving disputes between traditional subjects in arbitration and within a decentralized system, deserves interest.

Risks

  • The project does not have MVP, only active Github. -1
  • Low public activity. -0.75

Growth Potential

  • The strong point is that it is an agnostic protocol so that it can be plugged to any blockchain and provide additional value to that respected network with their service. +2
  • The overall idea is interesting. +1
  • Any user of any blockchain can automatically be selected as a juror for OATH dispute which provides flexibility and helps to get users on board. +1
  • The token use case is rather strong – parties must deposit tokens during dispute case and pay arbitrators for their services. +1
  • The roadmap is medium long. Although for this kind of project long-term potential will rise together with overall crypto field and decentralization. +1
  • Token metrics are on the good side. +1
  • Team, advisors, partners, and VCs have been verified. +1.5

Disposition

I would say that the project is above average, but one should wait for prototype and full metrics to make the full investment decision. Currently, the rating of 6.75/10 is warranted, though it may be further increased or decreased once the project is up and running.

Investment Details

  • Type: utility
  • Symbol: OATH
  • Platform: erc-20
  • Crowdsale: TBA
  • Minimum Investment: TBA
  • Price: TBA
  • Hard Cap: TBA
  • Payments Accepted: TBA
  • Restrictions Barred from Participating: TBA

General details:

Website – https://oaths.io/

Whitepaper – https://oaths.io/files/OATH-Whitepaper-EN.pdf

FB – https://www.facebook.com/oathprotocol/

Telegram – https://t.me/oathsio

Medium – https://medium.com/@oathprotocol

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.9 stars on average, based on 28 rated postsVladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.




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ICO Analysis: Robonomics Network

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Robonomics Network is an ambitious network infrastructure, based on the Ethereum platform and created with the purpose of integrating ‘cyber-physical systems’ into “Smart Cities and Industry 4.0”.

Industry 4.0 is a topic which I first discussed back in May 2018 when I reviewed a token called ‘Productivist’ that aimed to provide blockchain based solutions for the manufacturing sector. Key concepts of 4.0 common across all sectors are: automation, interoperability, AI, and IoT (how they can improve efficiency as well as reduce costs).

This project is no different, incorporating autonomous cyber-physical systems (or CPSs) to replace human operators and to a degree, decision-makers. According to the white paper, the team hopes to:

“Expand the capabilities of Ethereum in order for the market of CPSs behavioural models supply and demand to emerge; describing the Robonomics agents operating system as the interface of the Robot Operating System compatible CPS to the robots economy network”

A ‘CPS’, according to a page on the website of the US government backed National Science Foundation, integrates “sensing, computation, control and networking into physical objects and infrastructure”. Examples include self-driving cars and medical monitoring systems.

In the words of Cisco a smart city “collects and analyzes data from IoT sensors and video cameras. In essence, they “sense” the environment so that the city operator can decide how and when to take action… [and] uses digital technology to connect, protect, and enhance the lives of citizens. IoT sensors, video cameras, social media, and other inputs act as a nervous system”.

History, Present and Future

The company’s first release and phase of operation came in Q1 of 2018, with what the company calls ‘Lighthouse’ (AKA the first release of software for providers). The second ‘Observerer’ was released the following quarter, which was when the team began to focus on analysing “network performance indicators” to measure progress and capability.

In Q1-Q2 of 2019, the Robonomics Network team plans to begin the ‘Cybernetics Economy’ stage of their operational roadmap. Finally, between the third quarter of 2019 and the second quarter of 2020 Robonomics Network will enter ‘Lights-Out’ stage. This presumably refers to the fact that the network is expected to reach full automation by this stage: requiring less human intervention, direct oversight or micro-management.

Furthermore, you can check the team’s Medium blog for up-to-date insight regarding the activity and progress of the project. For example: in June 2018 Robonomics Network started running in Ethereum main net and any ETH holder can become its provider.

Early September 2018, ‘Airalab visionary leader’ and ‘Robot economics architect’ Sergey Lonshakov published an article entitled Robonomics 2018: Let’s Sum Up. In it, he describes a working vocational trip off-site where a “tent city” was erected at the Zhigulevskaya Valley Technopark in Russia within which a four day “engineering crash course” took place.

The results of this trip included solidified plans and delegation for a variety of essential tasks for the Robonomics Network protocol development.

How it Works

The Robonomics Network team describes their efforts to combine “the economic and technical parts of communication between humans and machines into one transaction”, which will be achieved by using “a decentralized marketplace for robot liabilities contracts” and overcoming existing centralisation dilemmas facing the IoT and Robotics industries.

By decentralizing the storage of data and controls over variables such as interoperable appliances in a ‘smart house’ (gas, alarms, lighting, etc), the risk of server-side issues interrupting these processes would be mitigated. For example, downtime for maintenance or unauthorised intrusion / targeted attacks.

Latest and prominent product releases include the third of their beta stable-releases for the Robonomics Network communication stack. Like all components of the platform this beta is open-source, with source code available to view and download at GitHub. One of the features cited in the release is “new liability engine support parallel and sandboxing liability execution.”.

Additional products listed on the website at present include ‘Robonomics JS’: a language for Ethereum JS developers who want to create DApps for “smart cities”, and ‘Learning Center’ for “roboteers” to develop field experience in the implementation of p2p technology when creating multi-agent systems.

In November 2018, Robonomics Platform team member Sergey Lonshakov published a post on Medium entitled Robonomics Benchmark, November 2018 which summarized a series of fresh test results. Load test results averaged at 60 messages per second (using IPFS Pubsub), whilst another test focused on communication between two ROS-compatible robots using the eponymous protocol.

Team

Robonomics Platform is a project from the Airalab team, an open-source development community founded in 2015). The Airalab website doesn’t list any team member as a manager but rather as different departmental staff (although they do distinguish by experience with the inclusion of ‘Junior’ status members).

This is contradicted on the company’s Medium profile somewhat, where w¬riter Sergey Lonshakov assumes the title of ‘Airalab Visionary Leader / Robot Economics Architect’. From this, we can assume that he similarly takes on something of a leadership role for the project as well.

According to Lonshakov’s LinkedIn profile, he is a ‘Robonomics Platform Architect’ and ‘Blockchain Project Developer’ at Airalab. He has been working with the company and in research and development on blockchain with robotics since 2015, after having graduated from Information Technologies, Mechanics and Optics (ITMO) University in St Petersburg, Russia.

ITMO recurs in the LinkedIn profiles of the majority of the rest of the team also as place of study and work. Both apply to Aleksandr Kapitonov, PhD: a Robot Economics Academic Society Progressor at Airalab who has been working at the university since 2015, starting as an assistant professor and advancing to the position of associate professor in September 2018. He also mentions his role in the creation and management of several decentralized technologies.

Advisors

The advisory board of Robonomics Network is comprised of just three members at this stage, who are as follows:

  • Alexey Bobstov: Professor and doctor of technical sciences. He specialises in system analysis, control and information processing.
  • Max Gutbrod: Greatly experienced in M&A, finance and restructuring; and has previously assumed the role of managing partner at the Moscow branch of Baker & McKenzie CIS, Limited.
  • Babak Kia: Adjunct Professor at Boston University

Token

The Robonomics Network economy utilises a proprietary and eponymous token, which also goes by the title ‘XRT’. It will be built upon the Ethereum blockchain as will all smart contracts, in part because of the fact that you are able to add technical details. This is in addition to being able to bypass intermediaries between consumer and robot.

May 2017 saw the completion of the first round of ICO investment for the company, achieving 5000 ETH in total (valued then at $810,000) and the team plans to launch a public token sale at an unannounced point in time. The maximum cap of this event will be 10,000 ETH and will take place in the form of a “Crowdfunding Dutch Auction”.

The last update available on the website was posted on the 21st November 2018 at the time of writing. It said that the team is currently “expecting the legal opinion of the Financial Market Authority (FMA).”.

Verdict

Great presentation online, transparency, and fully open source. This includes the Whitepaper, which is both comprehensive and concise at a lean 26 pages.

Risks

  • Industry 4.0 often correlates with commercial globalism, and working in international markets brings exponential liability regarding data laws (such as Europe’s GDPR) -1
  • There is a chance of high competition from larger international corporations working with blockchain -2

Growth Potential

  • The team shows a great level of understanding regarding the theory and practical aspects in the fields of blockchain and robotics +2
  • Having similar educational backgrounds and geographical basis, it appears much of the core team share experience and are likely close-knit +1
  • Russia has a strong reputation regarding blockchain (including certain individuals like Vitalik Buterin) with many successful projects coming out of the area +2
  • Transparency: Lots of updates on the website and personal medium blogs of various team members, as well as the code being completely open source +3
  • Team members’ experience shines through across their LinkedIn, GitHub, and Google Scholar pages +1
  • Whilst not the most well-known group of advisors, those supporting Robonomics Network have considerable achievements and influence in their own rights +1

Disposition

Worth following, and if you are technically oriented: check out the code!

7/10

Investment Details

  • Symbol: XRT
  • Platform: Ethereum
  • Presale: Unannounced (Pending Legal Approval)
  • Hard Cap: 10,000 ETH
  • Whitepaper: https://robonomics.network/robonomics_white_paper_en.pdf
  • Website: https://robonomics.network/en/

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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