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ICO Analysis: Chainlink

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Chainlink believes that part of the problem with today’s smart contract is a lack of outside connectivity. They believe that a secure network of oracles can solve this problem, and this is the product they aim to present. In looking it over, we noted that it would have very specialized uses, first and foremost, and that recognition of this fact would be crucial to the investor.

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Today, the lion’s share of traditional contractual agreements that have been digitally automated use external data to prove contractual performance, and require dataoutputs to be pushed to external systems. When smart contracts replace these oldercontractual mechanisms, they will require high-assurance versions of the same typesof data inputs and outputs.

In essence, the overview of Chainlink is that they want to improve the usability of smart contracts for certain types of applications. This means their market will be smart contract providers and smart contract users. As I said earlier, it’s relatively niche, but that doesn’t mean it can’t carry a great deal of potential value. We’re going to try to remember that while everything to do with the blockchain is still, in essence, very niche, everything in that category is also expanding exponentially, at a rapid pace, including a market that would need smart contract services. They list a few types of smart contracts they will help immediately: securities, insurance, and trade finance.

Chainlink’s actual system will consist of two separate parts: on-chain and off-chain. These will have to interact in order to deliver the service. The system has to keep the results from oracles correct as well as allow oracles to make them independently. This is where the interesting part presents itself: an oracle could be someone like the New York Stock exchange providing accurate trade information, or the Visa network settling a transaction. The Chainlink technology aims to on-board them all in one fell swoop, itself acting as a (and low cost barrier to entry.)

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Chainlink Token

In order to compensate the off-chain needs of the Chainlink system, the LINK token is established to pay them. The token is required to perform this function, so its demand is therefore in relation to the number of other people doing the same thing. As with most of these token schemes, the real means test is when the system goes live and whether or not a lot of people join the network or not. If the answer is not, then the token has no inherent value since no one actually wants it – even if it remains having speculative value, enough demand must ultimately be generated for a token in order for it to have legs.

The LINK token is an ERC20 token, with the additional ERC223 “transfer and call” functionality of transfer (address, uint256, bytes), allowing tokens to be received and processed by contracts within a single transaction.

Distribution

There will be a total supply of 1,000,000,000 tokens. Further details on the actual token are yet unavailable, which is unfortunate, as details such as how many tokens are actually released to the public are important.

The whitepaper gives the least detail about the token itself, which is problematic. Here is the thing: the idea behind the system is sound, the technology being used to implement it is sold. But does it actually need an ICO to successfully launch? Why does it require its own token? It would seem obvious that the oracles themselves would have incentive to keep their network and access to their own data constant. This is just a question, it doesn’t mean it can’t work this way. The author only means to raise the question of whether or not more generic, protocol-level solutions may supercede Chainlink’s efforts in the natural flow of disruption.

Team

The actual current team of Chainlink is just the pair Sergey Nazarov and Steve Ellis. One assumes they’ll hire the rest of the talent they need, but it is disconcerting to see just two people actually involved up to date.

Ellis previously worked at Pivotal Labs.

Nazarov’s qualifications seem to be that he was early to cryptocurrency.

This one can get an okay rating without a high team score, in any case.

Verdict

We’re forced to make a verdict mostly based on the concept of the token – that it will be in demand because the service itself will be in demand. We’ll lend some credibility to the argument that smart contract as it were are not totally flexible enough for the market as it is, and presume that Chainlink, with the hype surrounding it, will be one of the early companies to market in servicing smart contracts with external data solutions.

Risk

  • We think there could be a long period in which these tokens are in low demand, and during this time, people will be forced to hold the bag. -1.5
  • We think the legacy oracle networks that are being sought out to join the revolution will need some real incentives to do so. The value of the token will have to be there for them, as well as the value in disrupting their own existing business models. -1.5

Growth Potential

  • Extending the power and usability of smart contracts by default and extension extends the value and demand for the tokens on t 1,000,000,000hose networks. We think that if this project succeeds, it will be one of many tokens which sees an increase in value as a result. +3
  • Hype has built significantly around this ICO despite some crucial details regarding the token. We think that if you can get yourself a small basket of them and prepare to dump, there will be a window to do that. We say this with caution, since as we noted elsewhere in the article, there will likely be a period where the token will have a low value, by nature of the network establishing itself and demand for the token doing the same. +3
  • Tokens which do not have to fundamentally reshape some area of society to have an actual value at market are great. Let’s give another 2 points on these grounds.

Disposition

We arrive at a 5, or lukewarm for Chainlink. We fear that the lack of details may be attributable to the lack of a dedicated team, not just a desire to build hype. We wouldn’t put too much into it, but wouldn’t write it off or be surprised if it does extremely well, either.

Investment Details

On September 18th there will be more details at https://link.smartcontract.com/crowdsale

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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5 stars on average, based on 2 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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  1. jagrmeister

    September 17, 2017 at 9:50 am

    The question of whether a token is needed or not is a relevant one, to me at least. I could see a company provide a bridge to the oracles to ETH’s smart contracts, and simply get paid in USD by one of the two parties (though this makes the smart contract less “smart”/automatic). Or get paid in Ether. And convert to USD and then compensate the oracle provider. It’s a good idea, not sure yet if it’s a good token.

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ICO Analysis: Arweave

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Arweave is a new blockchain based protocol for storing data on a ledger, based on a new proof of the access consensus mechanism, which creates a low-cost solution for permanent data storing.

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The project’s BlockWeave is a blockchain protocol that differs from the traditional blockchains with two basic concepts:

  1. List of hash blocks. This allows you to verify all old blocks and effectively evaluate all new blocks.
  2. A list of all active wallets in the system. This allows you to check transactions without running the block in which the last transaction was used.

Using these two concepts allows miners to quickly connect and work in this network.

The consensus mechanism in Arweave is based on PoA (Proof of access) and classic PoW (Proof of work). While the PoW model to generate each subsequent block relies on the previous block, the PoA model can take this from any randomly selected block. Miners do not need to store the entire block, as they can store only a few previously generated blocks. The outcome is a weave of blocks (from where the project derives its name).

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Blockshadows is another concept employed by Arweave. Unlike the traditional blockchain network, where each newly created block is passed to each node in the network, Arweave sends only a small piece of the “shadow” block, which allows network nodes to restore a full block.

Use cases include:

  • Decentralized data stоrage: рersоnal and cоrроrate files can be stored fоr a single fee instead оf mоnthly subscriрtiоn. The рrice оf AR tоkens can be cheaрer than the mоnthly fees рaid fоr cоmрetitоrs such as Filecоin оr AWS. Data availability is almоst instant due tо the design оf the blоckchain.
  • Decentralized data distribution: cоntent can be uрlоaded anоnymоusly and shared with anybody. Any file can now be published, stored forever without anyone able to alter or delete the information. Arweave’s protocol design has an embedded mathematical pricing function that automatically load-balances demand for and supply of data storage, keeping storage costs fair and efficient
  • Decentralized data cоllabоratiоn: Allоws fоr availability оf exрerimental databases fоr review, meaning anybоdy can challenge and/оr cоnfirm its quality. This will stimulate collaboration between academic personnel in order to increase quality and range of academic papers.
  • Decentralized data Identity/Рrоtectiоn: Cоntent created оnline can be tracked and have a рrооf оf оwnershiр.

Competitors include Sia, Storj, Filecoin, Bluzelle and Lightstreams. Arweave’s competitive advantage is incentivizing a decentralized stоrage fоr large vоlumes оf data. Unlike mоst оther sоlutiоns that require either a daily subscriрtiоn оr рayment based оn data size, the project’s gоal is tо provide a permanent, immutable data stоrage fоr a fraction of the price оf other well-known competitors such as Filecоin, Siacоin, and Stоrj. The lоnger yоu keeр yоur data оn-chain, the cheaper it gets tо stоre it there.

Token

The project has a hard cap of $8.7 million, which is on the low side. The pricing is highlighted below:

  • Seed £0.07 – £0.14
  • Strategic £0.28
  • Private £0.44
  • Public £0.55

The token distribution is as follows:

  • Seed Sale 10.8%
  • Strategic Sale 7.1%
  • Private Sale 19.5%
  • Public Sale 1.1%
  • Advisers 2.9%
  • Team 13.0%
  • Ecosystem 19.1%
  • Reserve 26.5%

Founder tokens have a lock-up of 5 years with a vesting of 20% each year.

In terms of token economy, AR is a utility tоken whose рrimary use is tо add data tо the blоckweave.

The team is highlighted below:

The team is quite young and ambitious although they lack experience in launching global projects so far.

Project partners include:

  • Techstars  startup accelerator that has advisers on the project.
  • Upvest –  venture fund that has advisers on the project.
  • NORTHBLOCK – consultancy and advisory services.
  • SHELF – a distributed network of auctions, will use Arweave’s data structure to store auction listings.

Advisers include:

High-level advisers are also present. The majority represents the partners of the project: TechStars and Upvest. In addition, it is worth highlighting Jeremy Epstein’s participation. Epstein was an adviser on IOTA and other successful projects.

Verdict

A project with a wide use case idea, forthcoming main net launch, solid advisers and partnerships, increased project market awareness and a small hard cap make Arweave an attractive investment target.

Risks

  • Teams are build from recent graduates that lack experience in corporate governance, but nevertheless, have a good education and you can see that their Github is active and project main net will be launched in June. -1
  • Competition in this segment is rather fierce. -1
  • The token sale of the project went nine months and thus has a wide spread of pricing during various stages, which in turn makes it risky to enter into ICO. -1.5

Growth Factors

  • Data storing is a big market and the product has a competitive edge on its competitors. +1
  • Active Github and Mainnet launch June 8. +3
  • Confirmed partnerships and strong advisers. +1
  • Low cap ($8.7 million), which is both assuring and reasonable. It also sets the project up for significcant growth potential. +2
  • Brand awareness is solid; the Telegram group has 24,000 members. +2
  • There is a high demand for this project from the community and it seems that the private round is oversubscribed. The project employs PoC (proof of care) for investors who want to participate in the crowdsale, which implies that there will be an unmet demand during the ICO. This could offset negative risks of a wide price spread between token sale stages. +1.5

Disposition

The project generates a two-fold opinion. On one hand, the team is rather young and inexperienced. On the other hand, they have good advisers and partners and plan to launch a working product in June. Although the space is full of competitors, the product has a competitive edge and market is still huge with significant growth potential. However, due to long token sale cycles, Arweave has a wide range of prices during different token sale stages. However, early indicators suggest the project is oversubscribed, which means high demand. This, in conjunction with a hard cap of $8.7 million, give Arweave a rating of 7 out of 10.

Investment Details

  • Type: Utility
  • Symbol: AR, native token
  • Platform: Native
  • Crowdsale: June
  • Minimum Investment: There is no specific minimum investment, allocations will be decided via the proof of interest system.
  • Price: 1 AR = $ 0.74
  • Hard Cap: $8 700 000
  • Payments Accepted: ETH
  • Restrictions Barred from Participating: As per legal advice, the following countries are prohibited: USA, North Korea, Iran, China

General details :

Website: https://www.arweave.org/

Telegram : https://t.me/arweave

Lightpwaper : https://www.arweave.org/files/arweave-lightpaper.pdf

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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4.6 stars on average, based on 2 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: Loyakk

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Due to their inability to securely and efficiently share data with their business partners, enterprises are losing billions of dollars. Data leakage, contract disputes, and limited visibility across business networks is forcing future enterprises to look to blockchain for solutions.

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Loyakk, a blockchain-enabled platform for decentralized business networks, transforms how companies collaborate and share data with partners, distributors, channels and suppliers across the world by extending the blockchain with patent-pending extensions to support enterprise requirements. They also have a patent-pending business platform that enables secure, permissioned sharing of data and value movement through smart contracts with business rules and security policies leading to improved security, efficiency and distributed governance.

When asked On Telegram to explain the project to a 12 year old, CEO and Co-Founder Salim Ali provided this nugget:

“If I were to explain to a 12-year old, I would use a simple metaphor: why send mail by postal service, when you can send via FedEx or UPS which offers tracking, incremental security and more. So think of Loyakk as FedEx++ for business communication built on blockchain which will make email and other systems seem like postal services from a past era.”

Loyakk’s Vega Enterprise Relationship Platform is being built on Ethereum with an element of Quorum and proprietary patent-pending extensions. They will use a variant of BFT Consensus.

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The basis for the platform is their in-house token LYK, which protects AND tracks critical business data across business networks.

Token

“The Loyakk token is a data container required for all interactions across all Loyakk-powered private business networks. The LYK token carries data, enables critical functions that manage multiple levels of permissions, and controls the propagation of data amongst the participants in the business network while providing full auditibility across company boundaries.”

There’s a lot going on with this token. To learn all the technical specifics, check out CMO Rakesh Sreekumar’s breakdown here.

The Loyakk network interactions are essentially a set of micro-services and each invocation of the micro-service requires a token.

The network draws its value from the number of data interchanges occurring on the platform. These data interchanges are what will increase the value of the business network and help businesses that use the network grow by bringing to bear the collective power of their relationships into their transaction. The objective is to power all inter-company interactions via the Loyakk token.

Loyakk will mint an ERC20-compliant token that will be made available to users and businesses.

 

The use of funds is outlined below:

  • 45% Product and development
  • 20% Operations
  • 15% Marketing
  • 10% Sales/customer adoption
  • 10% Legal and admin

Team

Based in Silicon Valley and ICO’ing in London, the core team of eight check out clean, and actually seem organized and capable of accomplishing their goals.

Salim Ali: CEO and Founder. He was the Global Vice President, Marketing at SAP where he conceived and scaled multiple new businesses with revenue KPIs of $1.2 billion, and jump-started SAP’s Digital Business with the SAP App Store. Salim has given a couple interviews on YouTube – he’s confirmed professional.

Jitu Telang: BTO and Co-Founder. He served as Senior Software Engineer at Pavilion from 1995-99, Trilogy from 2000-04 and then got into high-frequency trading in securities and futures markets all over the world until founding Loyakk.

Tsvetan Georgiev: Technical Architect/Lead Developer. He looks like the mastermind that spent 15+ years at SAP working his way up to leadership positions.

Loyakk has a team advisers that includes the CIO of Nissan, former CIO of McAfee and two SAP higher-ups. There are three blockchain advisers with plenty of experience in the space.

Verdict

Current communication channels between enterprise partnerships lack security, transparency and efficiency. The problem is they are forced to email each other all the time. Loyakk wants to give them a better system by adding blockchain to the business application stack. The enterprise will leverage the potency and power of the blockchain to do fundamentally different things that they couldn’t do up to this point. Their platform is patent pending (which is something you don’t hear often in this space) and will be able to evolve to changes in the technology.  It is meant to cover both intra-Ethereum and cross-chain.

Risks

  • Token reconciliation and settlement will be done in 8-12 weeks after the conclusion of the token open sale event. With the event ending in July, that means tokens won’t be trading until October. -2
  • A $45 million hard cap is on the higher side. -2
  • The token doesn’t have many ways to bleed value to holders. No master nodes or token burning going on. The token must gain its value purely from demand to use the platform.-2

Growth Potential

  • They already have several partnerships. After briefly exploring into each of them, it looks like there are some very legit partnerships mostly to help Loyakk build its infrastructure. +4
  • Many of the core team members played big roles in the past for SAP, which is very popular worldwide; it is used to coordinate all the resources, information and activities needed to complete enterprise-wide information systems billing, including accounting and finance. It was also learned in an interview with the CEO that Loyakk will officially partner with SAP. +4
  • Enterprise Security Magazine names Loyakk a ‘Top 10 Blockchain Solution Vendor -2018’. +2
  • The team looks really strong, as evidenced by this reply from the CEO when asked about his MVP: “We have V1 built (with approx 400K+ lines of code) and deployed by customers. V2 with Vega Blockchain aspects is being designed and built. Blockchain patents have been filed, token def published on github, relationship modeller showcased via demo video, and broader demo is almost done. As per Roadmap, Vega will be ready in Q3/Q4 timeframe”. +3

Disposition

This is one of those projects with unlimited upside, and a seemingly high floor since being partnered with SAP pretty much guarantees they are around for years to come. 7/10

Investment Details

  • Symbol: LYK
  • Platform: Ethereum
  • Current Release: 177,000.000 (177m)
  • Token Sale: 60,000,000 (60m)
  • Price: around $0.60 before bonus
  • Private Sale: Now open
  • Pre-Sale: June 7
  • Public Sale: June 15- July22
  • Hard cap: $45 million
  • Whitelist: https://loyakk.io/loyakk-ico-whitelist/
  • Website: https://loyakk.io/
  • Telegram: https://t.me/loyakk

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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4.1 stars on average, based on 17 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: Mandala

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MDX cryptocurrency exchange

With the increasing popularity of cryptocurrencies comes a growing demand for exchanges where the various cryptocurrencies can be traded. And although cryptocurrency exchanges have seen huge growth during the past couple of years, it’s still not showing any signs of slowing down.

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We now have a large selection of both traditional centralized and newer decentralized crypto exchanges to choose from. Some of these exchanges accept trading between national (“fiat”) currencies and cryptocurrencies, while most only allow for trading between cryptocurrencies.

Mandala is a planned cryptocurrency and blockchain asset exchange that distinguishes itself from other established exchanges by being focused primarily on simplicity and user-friendliness for people who are new to trading and investing.

According to the company, people who are new to investing makes up the majority of current and future cryptocurrency investors. Mandala is therefore aiming to be the gateway for these people into the cryptocurrency universe, in a similar way to the purpose Coinbase has served over the past few years.

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The Mandala team argues that as more and more big companies announce that they are exploring blockchain initiatives, the public will become more comfortable with the technology and more and more people will want to invest in cryptocurrencies. This will in turn lead to an exponentially growing flow of money into the crypto space, which translates into more business for crypto exchanges of all types.

MDX user interface

The most obvious problem when it comes to the Mandala ICO is the lack of any minimum viable product (MVP) or prototype. According to the roadmap on the website, the beta release of the exchange is scheduled for the third quarter of 2018, which is well after the start of the public token sale, which is set to begin on June 1.

It is also still unclear if Mandala will be a crypto-only exchange or if fiat currencies will also be accepted. The company writes on its website that they “hope” to be able to accept fiat currencies for trading “as the laws and compliance regulations allow.” In other words, we don’t know if fiat will eventually be accepted for trading on the Mandala exchange. However, given the strict regulatory requirements of most jurisdictions, and the fact that Mandala as of yet is not regulated by anybody, we have to assume that fiat trading will not be available in the foreseeable future.

In addition to the exchange itself, the team also plans to add a backtesting tool to let users easily test the reliability of technical trading indicators like the MACD or Moving Averages. It should be mentioned that this is something that is very difficult to create as an accurate and reliable tool. It is something for example TradingView has worked on for years, and even their solution is far from easy to use for beginners. With that said, IF the company manages to pull this off successfully, it would be a huge plus for the platform as a whole.

Token

The Cayman Islands-based company Mandala Holdings, LLC is issuing a utility token called MDX on the Ethereum blockchain.

The MDX token is intended to be used to pay for trading fees and commissions, and also as a currency to pay for purchases on the built-in marketplace that the team is planning to set up within the Mandala platform.

Similar to many other exchanges, users who pay their trading fees with the MDX token will receive significant discounts.

Approximately two thirds of the tokens will be available for sale, while the remaining tokens will be distributed as follows:

  • Team – 20%
  • Company reserve – 10%
  • Advisors, influencers and bounty – 5%

MDX token distribution

The current pre-ICO price of the MDX token is $0.07 + 25% bonus. During the first stage of the public token sale, the price will be $0.06 before it rises to $0.07.

Team

The first thing I always do when research an ICO team is to check the LinkedIn profiles of the key team members. This is a really simple way to check their level of commitment to the company launching the ICO, and very often I find the same result: Most of the team members haven’t even listed the company on their LinkedIn.

In the case of Mandala, the two co-founders have both listed the company as their employer. The Chief Marketing Officer, on the other hand, has no mention of Mandala on his personal profile.

The Chief Technical Officer, Zach Daniels, lists Mandala as one of six current employers on LinkedIn, which makes us seriously question his level of commitment to the company.

The CEO and co-founder of Mandala is Nate Flanders. Nate has a diverse background as founder of a blockchain-based online casino and a phone repair company in Florida. According to his LinkedIn profile, Nate is still working as Vice President of Operations at the online casino while he is setting up Mandala.

The other co-founder and CSO of Mandala is Chicago man Anant Handa. Just like the CEO, Anant also has a background in the phone repair business, and he remains CEO of ReVamp Electronics. In addition, Anant also remains an advisor to BitWatch.io, an app that helps crypto traders manage their trading activities and portfolios.

All in all, the two co-founders both have entrepreneurial experience and first-hand experience with blockchain technology, which is undoubtedly a positive for Mandala.

Verdict

The main problem when it comes to the Mandala ICO is clearly the lack of any prototype or MVP to demonstrate that the team is capable of building the platform they describe in the white paper. It should be clear for everyone that investing in an ICO that has nothing more than a website and a white paper is a very risky venture.

Regulations also pose a question mark when it comes to this ICO. It is unclear if the platform will be able to accept fiat currencies at this point, and we frankly don’t know if they will be able to obtain any regulatory approvals at all.

What we do know is that the company says they are “thoroughly researching and studying all applicable laws and will be be properly registered with the appropriate governing bodies, including the SEC and the CFTC[…]”

Unfortunately, the white paper that the team has prepared also appears somewhat generic and lacks details on how the platform will work.

Growth Potential

  • With the increasing popularity of cryptocurrencies comes an increase in demand for exchanges. Simplistic exchanges that are targeting new traders and investors certainly have a place in this space. +3
  • If the team can build user-friendly and reliable tools for backtesting of technical indicators and trading signals, that would be a big plus and could provide a boost for the platform as a whole. +4
  • The two co-founders have previous experience with blockchain projects, and the overall team appears competent, although we do have questions regarding the level of commitment from certain team members. +3

Risks

  • Generic-looking white paper with very few technical details on how the platform will work. A lot of general commentary about cryptocurrencies and blockchain, as well as visions and ideas for the coming Mandala exchange. -2
  • No minimum viable product (MVP). According to the roadmap, the beta release of the platform is scheduled for Q3 2018, with the full platform expected by the end of the year. Investing in ICOs with no MVP should always be considered high-risk. -4
  • The press releases published by the company, as well as the white paper, talks a lot about all the regulatory approvals that the team is planning to get, but lacks any details on what they have already acquired. -2 

Disposition

In summary, we believe that the idea of a simplistic exchange for new crypto traders is good, and we do think there will be a growing demand for this type of exchanges. The success of Coinbase clearly shows that this is something that can work very well if carried out in the right way.

Unfortunately, we cannot recommend investing in an ICO without an MVP, without knowing if the platform will accept fiat, without any regulatory approvals, and with a very general white paper without technical details.

Overall, we arrive at a score of 2 out of 10 for the Mandala ICO.

Investment details

  • Token Type: Utility
  • Platform: Ethereum ERC20
  • Symbol: MDX
  • Pre-ICO: Ongoing until May 31, 2018
  • Public ICO: Starting June 1, 2018
  • Token Supply: 400 million
  • Tokens Available for Sale: 260 million (65%)
  • Soft cap: $3 million
  • Hard cap: $18 million
  • Price: Pre-sale: $0.07 + 25% bonus, crowd sale: $0.06-$0.07
  • Minimum investment: 0.10 ETH/0.01 BTC/0.5 LTC
  • Payments Accepted: ETH, BTC, LTC
  • Jurisdictions Barred from Participating: USA

More information:

Website: https://mandalaex.com/

White paper: https://mandalaex.com/wp-content/uploads/mandala-whitepaper.pdf

Telegram: https://t.me/mandalaex

Featured image from Pixabay.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term trading. The author has no investment in Mandala at the time of writing.

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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4.3 stars on average, based on 32 rated postsFredrik Vold is an entrepreneur, financial writer, and technical analysis enthusiast. He has been working and traveling in Asia for several years, and is currently based out of Beijing, China. He closely follows stocks, forex and cryptocurrencies, and is always looking for the next great alternative investment opportunity.




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