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ICO Analysis: Dfinity

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Dfinity is one of the brightest and most anticipated projects of 2018.

Dfinity can be considered a logical continuation of the development of blockchain and can be seen as the development of Ethereum, as Ethereum was a development of bitcoin in its time.

Ethereum is based on a postulate that “Code = Law”, which means there is no intellectual control regulating the use of the platform or the core network, which results in hard-forks and soft-fork when a threat arises.

Dfinity is based on a next thesis “AI = Law”. The security of such a network will be based on the votes of network participants and the traditional mechanisms of AI, which are able to instantly calculate vulnerabilities, and in case of penetration, painlessly “roll back” the network back. Such a network allows you to dynamically optimize the economic parameters of the network, update the protocols and various applications, without disrupting the system. In sucha= a blockchain, a problem of speed and scalability can be finally solved, thereby leading to adoption by numerous applications and users.

So in essence, Dfinity is a public node network that provides a “decentralized global computing cloud” where software can be installed and launched with all the usual properties and capabilities of smart contracts. It can solve two points.

The first point is to optimize the existing market of intermediary services, which is represented by such industry giants as Uber, eBay and others.

The second point is the reduction of the system maintenance costs, as blockchain brings more automatization which in turn decreases staff costs, which represents the main part of budget costs for corporate entities.

Blockchain Nervous System – core of Dfinity

Blockchain Nervous System (BNS) is distributed intelligence integrated into a network with special privileges that allow it to play the role of an impartial decentralized superuser. BNS adapts and learns to make better decisions because neurons respond to stimuli and feedback.

Any person can create and run neurons. In fact, neurons are the same nodes. A new neuron is created by freezing tokens for a period of three months (possibly in the future this timeframe will change). The relative strength of the neuron’s voice is proportional to the size of the deposit that it holds. This ensures the legitimacy of voting and the participation of the owners of the nodes in the vote because they receive a reward proportional to the number of frozen tokens.

When a neuron is created, two keys are indicated. One of them – the “delegate” – allows the neuron to vote. Another key is the “master,” which must be stored in a cold storage and can be used to freeze the neuron and receive its deposit. Users can vote independently or give their vote to an authoritative node in any field and give a command to the program. The point is that no one can track who votes for whom, thus, in principle, eliminating the possibility of an attack by 51%.

Another very promising feature of this solution is the ability to “rewind” the system. Due to these BNS properties in Dfinity there is no concept of forks, as protocol updating occurs on a regular basis, quickly implementing patches and optimizing the network, stimulating it to evolve very quickly.

Threshold Relay is a new technology that provides the organization and processing of the Dfinity network. Using Threshold Relay, members of the DFINITY network create a deterministic controlled random function that is completely random and unpredictable. Threshold Relay creates special beacons that allow you to randomly select nodes, forming a group of nodes to conduct voting. It is a random selection that allows you to ensure network security.

Dfinity decentralization cloud is an open platform for cloud computing, based on a decentralized network. This is essentially a virtual machine in cyberspace, which will support the corporate IT system, that is, the servers for websites, the personnel management system, supply chain management, and other critical business processes in the life of companies and large organizations. In addition, thanks to the self-regulating BNS system, cloud storage will be reliably protected from external threats, without the need for administration and human resources.

PHI is a credit system that will create a decentralized lending infrastructure. To eliminate the risk of volatility of the cryptocurrency, they propose to introduce local tokens PHI, which will be tied to the rate of a particular country. For example, in America it will be PHI-USD, in Russia PHI-RUB, and in the Eurozone PHI-EUR. Thus, all loans will be issued and given in one currency. In fact, they propose to make an analog of the currency in the digital currency and tie it in the block system – the credit system.

Imagine that a user A has decided to issue a loan. He passed the verification in the system, proved his identity and laid out his proposal for a loan. Creditors, or validators, as they are called in the system, consider this application and make a decision on it. By the way, any person who has made a certain deposit to the system, to secure loans, can become a validator. Here, the Threshold Relay technology enters into the play, which defines casual users – creditors who anonymously and without the possibility of collusion make a decision on the loan of user A.

Token

Dfinity has introduced a very promising token utility case.

Dfinities are system tokens that will be used in almost all network activities. The developers identified four main roles of dfinities:

  • Fuel for installing and launching smart contracts.
  • Deposits to create nodes that can participate in the management of the system through BNS.
  • Contributions for making their proposals and joining the network infrastructure.
  • Deposits that will allow cloud networks Dfinity to connect to a common network.

As you can see, all the basic functions and capabilities of Dfinity will be possible only through payment or freezing of tokens. Inflation in the system is possible, but the decision to issue new coins will be accepted by the participants and AI BNS together, thus ensuring the maximum value of the tokens.

It is worth adding here about the aforementioned local PHI tokens, which are likely to become additional tokens of the ecosystem. While the developers described only one possible function of these tokens – the currency of decentralized lending.

At network launch, the breakdown of the distribution is expected to be:

  • 9.5% Early Contributor Tokens
    • Allocated to numerous parties with respect to earlier works and investments made before the foundation was formed.
  • 24.72% Seed fundraise contributors
    • Allocated to a large number of contributors in the Seed round.
  • 6.85% Strategic fundraise contributors
    • Allocated to strategic contributors in the Strategic round.
  • 4.75% Presale fundraise contributors
    • These will be allocated to contributors to the forthcoming Presale round.
  • 1.25% Community airdrop
    • These will be allocated to select community members with a preference for longtime supporters of the project.
  • 52.93% Foundation Endowment, Team and Partnership Tokens
    • Tokens held or already deployed by the foundation in pursuit of its competitive goals (for funding R&D and operations, offices, technology acquisitions, community programs, employee incentives, partner incentives and other long-term needs).
  • Pre-sale for 4.75% is considered to be the last fundraising event for a maximum raise of 90 million Swiss Francs.

There won’t be any Public sale at this point.

Currently, Dfinity plans to issue an airdrop for individual community members will be able to collect dfinity tokens worth between 500 and 2,500 CHF (depending on their personal airdrop cap, which will be derived from a duration of community tenure and other inputs). They are planning to give away tokens worth up to 25,000,000 CHF. In order to participate in the airdrop, one must go to their Telegram group (see general details below).

The main problem lies in that there is no exact information on prices, bonuses and vesting periods. The project states: “Consequently by network launch, hardly more than 10% of the network will have been distributed to accredited investors who participated in private rounds (including the tokens disbursed by the Strategic round, which came with a three year vesting schedule and tied contributors to commitments including contributions of funding and management support for the DFINITY Ecosystem Venture Fund).”

Such strange token sales structure is explained by two points:

  1. Team has already connected enough funding during seed round in February 2017, when its collected funds turned into 40 million; with VC that came during the summer, their funding became more than a $100 million USD.
  2. They do not want to go to public round in order to avoid possible regulatory risks, thus opting to finalize everything during a pre-sale available to professional investors and probably pools.

Team

All-star team. Ideological guys who are trying to develop blockchain as a system itself. Almost everyone is from top universities. Coders, cryptographers, specialists on abstract calculations. The greater part of the team is from String Labs, an incubator-studio.

Dominic Williams is the Chief Scientist and main creator. Dominic is a crypto theoretician and entrepreneur. His recent math includes Threshold Relay and PSC chains, Validation Towers and Trees, and USCIDs, and he proposes new ideas such as “The 3 E’s of Sybil Resistance”. Previously he ran a venture-backed MMO game using his own distributed systems that hosted millions of users.

Timo Hanke is the Head of Engineering. He was once a Professor of Mathematics and Cryptography at Aachen University in Germany but got into bitcoin. In 2013 he created AsicBoost to reduce the gate count on bitcoin mining chips and increase the efficiency of bitcoin mining by 20-30%, which has since become a standard in large-scale mining.

Ben Lynn is a Senior Staff Scientist and Engineer. Ben Lynn is the “L” from the “BLS” cryptography applied by “Threshold Relay” to generate randomness and achieve incredible security, speed and scale in public networks. Once a Stanford PhD under Dan Boneh, Ben joined the DFINITY team after 10 years in senior engineering roles at Google. Ben writes many papers.

Andreas Rosserberg is Senior Staff Scientist and Engineer, Andreas was previously a Staff Engineer at Google, where he co-designed the WebAssembly virtual machine, now continuing as lead editor of the language specification, and led the JavaScript language team for the Chrome V8 engine. Andreas was formerly a postdoctoral researcher at the Max Planck Institute.

Mahnush Movahedi is Senior Researcher and Engineer. Mahnush joined DFINITY from a postdoctoral position at Yale University working on scalable and fault-tolerant distributed algorithms for consensus and secure multi-party computation, secret sharing and interactive communication over noisy channels.

Martin Becze, works in Virtual Machine Research. He is a hacker and researcher interested in building open decentralized networks. His current work for DFINITY focuses on re-purposing the Wasm virtual machine for blockchain computer networks. As an active and well known contributor within the Ethereum community, he brings deep experience, insights and expertise.

Disposition

Dfinity offers one of the most innovative solutions in the blockchain space, which in conjunction with their competent team and strong funding, makes a strong case for investment.

Risks

  • The token sale structure is not transparent. There very several private rounds, each of them may have different price, bonus and vesting structure. But Dfinity won’t have any public sale anyway, thus price of a is really hard to predict. (-1)
  • A potential hard cap is more than 100 million. (-2)
  • No details on team token vesting. (-1)
  • Competition is fierce in this sector. There are several new blockchains in this field, which have had or are in the process of having ICOs this year like Wanchain, Edenchain, Eos and Icon. The Dfinity difference is that although it will be released on the market later, it already had funding in early 2017 and had some time for doing their work on the blockchain, thus when they will be listed on the exchanges, they will have a working net ready. (-1)

Growth Factors

  • All-star team with knowledge and expertise in related fields of mathematics, development cryptography and blockchain. (+3)
  • A product is a new type of a unique blockchain, which is a potential next development of Ethereum, which will operate on the completely new paradigm (“AI=Law”) and can solve earlier blockchains security, governance and scalability issues. (+3)
  • Token/Coin represents a real value in the project as all operations are done in Dfinities and there are numerous token use cases. (+3)
  • Potential market cap is similar to top blockchain projects like Eos, Ethereum and bitcoin itself. (+1)
  • MVP is available. (+1)
  • Team is legally conscious and even decided no to run a public sale due to unclear regulatory landscape public sales. (+1)

Disposition

Dfinity has strong fundamentals in terms of product, team and token. The main concern is token sale structure, but as it does not have a public sale anyway, it can be bought after listing when trade analysis will provide a good entry option. This project has a strong 7 out of 10.

Investment Details

  • Type: Utility
  • Symbol: Dfinities
  • Platform: Ethereum/Own platform
  • Crowdsale: Replaced by airdrop/only pre-sale available
  • Minimum Investment:
  • Price: N/A
  • Hard Cap: 90 million
  • Payments Accepted: N/A
  • Restrictions Barred from Participating: N/A as there is no public sale

General Details

  • DFINITY Website : https://dfinity.org/
  • DFINITY White Paper : http://bit.ly/DFINITY_WP1
  • Mission Control : https://t.me/DFINITY_Devs
  • DFINITY FAQs : https://dfinity.org/faq
  • Explainer Video : http://bit.ly/DFNINTRO
  • The DFINITY Testnet Video : http://bit.ly/DFN_TestNet
  • Twitter : https://twitter.com/dfinity
  • Medium Blog : https://medium.com/dfinity
  • Latest Newsletter : http://bit.ly/DFN_NEWS2
  • Community Run Telegram : https://t.me/dfinity_community
  • Community Run Reddit : https://www.reddit.com/r/dfntrader/
  • Telegram Group : https://t.me/dfinity
  • DFINITY Announcements Channel : https://t.me/dfinity_announcements

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 42 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: Fieldcoin

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Fieldcoin is an agribusiness crowdfunding platform that enables anyone to buy, sell, rent, and manage farmland from anywhere in the world. Using IoT, smart contracts, and other agribusiness technology, token holders will form a DAC (Decentralised Autonomous Community) and vote on every aspect of their chosen agribusiness from seed to table.

“Fieldcoin’s mission is to bring the blockchain technology to land property transactions and agricultural crowdfunding projects while creating a stable transaction instrument easing the process of land and agribusiness acquisition.”

Fieldcoin will offer access to LANDS Management Services. Investors will be able to buy/sell/manage physical land of different sizes and budgets at an attractive price compared to the market value.

The company claims to:

  • Brings liquidity to the agricultural industry
  • The token is backed by land.
  • Decentralize the highly centralized agriculture market
  • Track the origin of food products.
  • Manage the way the food is grown (pesticides or organic)

Along with the above highlights, Fieldcoin’s “trade-back token” guarantees an 80% ratio on the value of your token to the assets in the ecosystem and the possibility of claiming your assets in physical property at a certain rate under the market price.

In the Fieldcoin ecosystem, there are 2 levels of ownership: “Off-chain,” which is to comply with national regulations and “On-chain,” which is recorded and transacted on the blockchain.

  • Off-chain: Fieldcoin Ltd or a third party company DAO (decentralized autonomous organization) owns the property titles recorded in the national land registry. The token holder owns a share of the company representing the specific land acquired on the platform.
  • On-chain: Fieldcoin Ltd creates a unique token with a unique number representing a specific property called LANDS (ERC721). The LANDS token represents the ownership of the property and can be exchanged on the Fieldcoin platform using the Blockchain.

The FCO will start April 2nd, 2019.

FCO means Field Coin Offering. It’s like any ICO, users buy (FLC) ERC20 Utility tokens which are used to acquire non-fungible tokens (ERC721), which represent a particular agricultural property. “The acquisition of NFT tokens during the ICO makes the Field Coin Offering unique and offers a strong advantage to investors that are able to test the platform and own tangible assets during the Coin Offering.”

Token

FLC is an ERC20-based utility token distributed during the FCO. The token is used as a currency to buy land, services and crowdfund agricultural projects on the platform.

LANDS is an ERC721-based token received after buying a specific land property through our platform, representing land ownership and storing the data of your property. LANDS are also available for purchase during the FCO.

According to the company, trade-back token is “Token holders will buy land on Fieldcoin’s platform and pay the full market price displayed on the website. They will be credited with a coupon to buy land for later purchases. The value of the voucher corresponds to the difference between the price drop of the token under the 80% threshold and the actual value of assets in Fieldcoin’s Ecosystem. The coupon can be applied to available properties sold by Fieldcoin Ltd on the platform.”

Distribution:

  • Private Sale 2%
  • FCO 60%
  • Token Bonuses 17%
  • Reserves 10%
  • Team 9%
  • Bounty 2%

Allocation of funds:

  • 60% Purchase of Physical Land
  • 15% Agribusiness Development
  • 10% IT
  • 7% Legal
  • 6% Marketing
  • 1% Reserve Fund
  • 1% Social and Rural Development

Ecosystem asset reallocation:

  • 85% Land Recapitalization
  • 9% Business Operations
  • 5% IT Development
  • 1% Participation in Communities

Team

The Fieldcoin project is governed and supervised by Fieldcoin Ltd, registered in London. The team members are from France, Canada, USA, India, Belgium, Italy, the UK, Pakistan and China. There are over 25 team members including the advisors.

Marc Couzic is the  Founder/CEO.  He is a freelance commodities and crypto trader since 2013 and has been a “Contributor” to 3 blockchain projects this past year; Experty.io, Kart Block, and Magna Numeris.

Alexandre Palubniak is a Web Project Manager from France. He has spent 7 years as a freelance “Director Artistique”.

Jeremie Joncas is a COO from Canada but there is not much info on him. He owned a business for 4 years called J2 Entretien (but can’t find any info in it). He’s traded crypto for the last 1.5 years.

The rest of the team is similar to the above – very little experience in agriculture or blockchain.

There are also 10 Contributors/Advisors. They are average.

Verdict

When describing the benefits of Fieldcoin in Telegram, CEO Marc Couzic had this to say, among other things.

“Yes, it is a share profit system where 40% of net profits on production goes to the externalized land management company or farmer (choosen by Fieldcoin) exploiting the land and 60% to the owner. The holder of LANDS tokens won’t need to do a thing besides participating in decision concerning the type of crops and agricultural method used on its land. The idea is to levy the burden of execution for the investor and move towards agricultural automation processes. Additionally, the price of land grow on average 2-3% worldwide”

The idea of Fieldcoin is to have Decentralized Autonomous Communities that will decide on the agriculture products and management of their lands. They will vote on things like the amount of pesticides used, or if they want pure organic or reasonable agriculture.

The problem is DACs are complicated. Billion-dollar projects like Ethereum and EOS are still developing the tools to perfect them. Does Team Fieldcoin even have the ability to execute this massive project? It seems iffy, as they are fast approaching on the pre-sale and do not have an MVP. They only have this picture of one.

Risks

  • Small soft cap of just $3 million USD. According to the company: “the Proof of Concept can only be implemented once the FCO has reached $5 million USD. In the event of the cap not being reached, the Proof of Concept will be postponed.” This is sketchy. -1
  • The team is not very impressive at all. -2
  • Their business plan requires the minting of new Fieldcoin tokens to buy more land. They explain the process in detail here. -1
  • Only 13% of the funds raised will go to legal and marketing. -1
  • DACs are complicated. Many top projects are delaying launch until they figure out governance. -2

Growth Potential

  • First mover advantage. +2
  • They say they’ve already purchased land, have buying promises and about 35 offers to be displayed. +2
  • 85% of the Ecosystem asset reallocation is reserved for new land acquisitions further expanding the Ecosystem.+2
  • “Fieldcoin plans to target low-risk and average potential markets first, such as the countries within the European Union, and will then move slowly to countries with more venture capital and with much higher expected returns for Fieldcoin’s Ecosystem.”+1.5
  • 1% of the Fieldcoin tokens will be allocated to the Fieldcoin Foundation, which aims to develop community infrastructure. This project includes plans to build schools, water wells, irrigation systems, and roads.+2
  • “The Fieldcoin token is supported by “Trade-Back Protocol”, offering token holders the possibility to claim LANDS at a reduced price in case of market dips. Thanks to our upward trend capitalization mechanism, new physical lands will be acquired by Fieldcoin Ltd. increasing the guarantee of the Trade Back Protocol.”+2
  • Although we don’t score Fieldcoin well, these “respected” ICO sites have them ranked rather high. +0.5

Disposition

The tools required to build a proper DAC voting system are only now being built. Although something similar to this DAC agribusiness will someday soon be a reality, this project is too early and too ambitious, especially with such an inexperienced team. 5/10

Investment Details

  • Symbol: FLC (ERC20)  LANDS (ERC721)
  • Platform: Ethereum
  • Total Supply: 1 billion
  • Presale: Feb 4 – Feb 12, 2019 (100% bonus, 1 million USD worth of tokens available)
  • Price: 1 FLC = $0.05
  • FCO (Field Coin Offering) Start date: April 2nd 2019.
  • Hard Cap: $31 million
  • Soft Cap: $3 million
  • Telegramhttps://t.me/fieldcoin
  • Websitehttps://www.fieldcoin.io/
  • Barred Jurisdictions: USA and China

All unsold tokens will be burned.

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 27 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: ECOMI

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ECOMI Collect is a delivery cross-platform (mobile, desktop, web) application and marketplace for buying, selling and swapping premium licensed digital collectibles and digital artwork. The authenticity and scarcity of digital collectibles is created using Distributed Ledger Technology (DLT). ECOMI Collect is operated and supported by ORBIS Blockchain Technology Limited, a registered company in New Zealand, with offices in New York, Auckland, Taipei and Shanghai. ORBIS is comprised of 17 staff plus 14 board members and advisors.

ECOMI has a vision of being the #1 platform for buying, selling, and trading premium digital collectibles and virtual goods using Distributed Ledger Technology. ECOMI plans to revolutionize the 200 billion USD collectibles market by building its own ecosystem (ECOMI Collect) on Blockchain technology and a Secure Storage Wallet. ECOMI already has major brands on board that will give them instant worldwide attention and credibility. They also have a team that is unparalleled in this industry including their Head of Global Licensing, Alfred Kahn, who is responsible for bringing Pokemon to the world as well as “go to market” strategies for iconic brands such as Cabbage Patch Kids, Pokemon Go, Teenage Mutant Ninja Turtles, Yu-Gi-Oh and many more.

ECOMI Collect will give users real ownership of premium licensed digital collectibles and virtual goods while providing counterfeit protection and the ability for peer to peer transactions. ECOMI Collect intends to dominate this market by capturing six main categories: movies, television series, evergreen characters, animation, gaming, and digital art. Every user will have their own personal showroom which they can customize by using different layouts, backgrounds, and props. Users can make their showrooms private or public, and even share across multiple social media platforms. The vision is to revolutionize the collectibles industry by creating the world’s best platform giving users the freedom to interact and control their digital collectibles worldwide.

The ECOMI Secure Wallet is the world’s first wireless, credit card sized, cryptocurrency hardware wallet. It is a true cold wallet that never connects directly to the internet that employs (CC EAL 5+ Security) government level encryption and security. It also uses an encrypted secure Bluetooth connection to the host device (iOS or Android smartphone) removing the need for a wireless connection. The Secure Wallet has an E-paper display on the card to view balances and pairs with the ECOMI app to view manage balances online. The ECOMI Secure Wallet can bend, waterproof, and has a fully rechargeable battery. There are no extra fees or contracts and it currently supports Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.

Token

The ECOMI token is needed for the sale and purchase of digital collectibles and secondly, access to extra features and benefits within the app. The digital collectibles offered through ECOMI Collect are Non-Fungible Tokens (NFTs). In order to facilitate the purchase and trade of digital collectibles, ECOMI Collect utilizes the OMI token. The OMI tokens will be GO20 standard whereas the digital collectibles are GO721 (NFTs). When a purchase of a collectible is made, the OMI tokens will be exchanged for the NFT. The NFT will be sent to the users Ecomi Collect app and become rightfully theirs, whilst the OMI tokens used for the purchase are discarded to a locked address.

Use of funds:

  • Licensing Acquisition -55%
  • Product Development -22.5%
  • Marketing Expenses-15%
  • Business Operation -5%
  • Legal Expenses -2.5%

Token allocation:

  • ICO (Private & Public Sale) 20% | 150,000,000,000 OMI
  • In App Purchases 40% | 300,000,000,000 OMI
  • Business Development 20% | 150,000,000,000 OMI
  • Team, Advisors, Board Members 20% | 150,000,000,000 OMI (ECOMI Team / Board / Advisors 12 month cliff, ECOMI Founders 24 month cliff, then vested at 25% quarterly)

1 token is equal to 1 satoshi and is only planned to be listed as BTC pairing on exchanges to minimise any potential downside to the token price.

Team

Below is a breakdown of the key team members.

David Yu (Co-Founder & CEO)

  • Founder – Games R Us
  • Founder – Retail Management Group
  • Trustee – Touchable Earth Foundation
  • 2016 Young Entrepreneur of the Year Award – Australia New Zealand Chamber of Commerce Taipei
  • 21 Years Experience in Collectibles and Branding

Alfred Kahn (Head of Global Licensing)

  • Chairman & CEO of CraneKahn LLC
  • Chairman of the Board of Toon Goggles Inc.
  • Chairman & CEO of 4Kids Entertainment Licensing
  • Responsible for the biggest hits in licensing such as Pokemon, Cabbage Patch Kids, Teenage Mutant Ninja Turtles, and Yu-Gi-Oh!
  • Credited for the marketing of brands such as Nintendo, Mario Bros, Donkey Kong, Zelda, James Bond, WWF, WFW, and Xbox to name a few.

MB Technology

  • Co-Founder of the Interoperability Alliance
  • Benn has lead ICO strategy for projects such as Wanchain, Quarkchain, Aion, Icon, GoChain, Origo, Fantom and many more. Benn has brought multiple top-tier projects to the cryptocurrency market and is definitely considered an industry leading advisor.

Daniel Crothers (Co-Founder & COO)

  • Co-Founder ABC Stars
  • Co-Founder Digitalus
  • Co-Founder HERB

Joseph Janik (Co-Founder & CIO)

  • Co-Founder of Movement Food
  • Territory Business Manager of TechnoGym
  • Account Executive of Rivkin

Verdict

The virtual goods market is currently at $80 Billion USD and expected to grow to $100 Billion USD within the next three years. The collectibles industry already generates $200 Billion USD annually, and ECOMI has strategic plans to capitalize on this growing trend in both markets. With this team’s credibility, ECOMI can easily become a major player in this field from their launch.

Risks

  • Only 20% of tokens are available during the ico sale which is considered to be on the low side. However, ico’s with similar token metrics, such as QuarkChain, have performed quite well. -1.5
  • Although they may not have team members as well known as the ECOMI team, there are competitors that have the advantage of already being in the space. -1

Growth Potential

  • Compared to other ICOs with all-star teams, the hard cap is rather low which allows for greater opportunity for growth among initial investors. +1.5
  • The team brings years of expertise and experience in the necessary areas for ECOMI to succeed in what they’ve set out to achieve and is definitely the star of this ico with major credibility and recognition. +3
  • Strategic partnerships are key to helping ico’s succeed. ECOMI has partnered with CraneKahn® which is an international PR and licensing company powered by the visionary Alfred Kahn. Alfred brought to the world iconic brands, licensing programs and caused the viral adoption of major brands such as Pokémon/Pokémon Go, Cabbage Patch Kids, Teenage Mutant Ninja Turtles, Yu-Gi-Oh!, Super Mario Brothers and many more, earning him membership in the Licensing Hall of Fame and KidscreenHall of Fame. ECOMI has also signed, or is at the final deal memo stage or MOU, with many top global brands. +3
  • Real world application is instrumental for the success of any blockchain project. An instore retail program will be introduced to support consumers with retail products being distributed throughout 4,000+ retail channels established through existing relationships. +2

Disposition

With ico’s on the decline and recently shown in a negative light in the media, ECOMI could be exactly what investors are looking for: a project with a stellar and highly respected team, an achievable roadmap, and entering the virtual goods market which is estimated to reach $100B over the next five years. ECOMI receives a 7 out 10 rating.

Investment Details

1 token is equal to 1 satoshi and is only planned to be listed as BTC pairing on exchanges to minimise any potential downside to the token price.

  • Symbol: OMI
  • Token Type: GO20/721
  • Total Circulating Supply: 750,000,000,000 OMI
  • Tokens Available for Sale: 450,000,000,000 OMI
  • Price: 0.00000001 BTC (1 Satoshi)
  • Hardcap: 1,500 BTC
  • Accepted Currencies: BTC

Learn More:
Website:  ECOMI.com
Pitch Deck:  ECOMI Pitch Deck
Telegram:  t.me/ecomi
Medium:  medium.com/ecomi
Twitter:  twitter.com/ecomi_
Facebook:  twitter.com/ecomi_
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ICO

ICO Analysis: Dispatch

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Although it has the highest market cap and is the most popular cryptocurrency, Bitcoin is able to proceed on average only seven transactions per second. This means that when twenty people try to send their BTC at the same time, more than ten of these people have to wait until their transaction is confirmed and for the receiver to get their BTC.

It is the same with Ethereum as well, due to its average fifteen transactions per second. Cryptocurrencies face a problem of scalability and if they are to reach the holy grail of main-stream adoption at some point in the future, this issue must be solved.

But that is not all. When there is a network congestion and you need to send your tokens immediately, you might have to pay high transaction fees as well. Consider the following scenario: You are at a coffee shop, getting your morning coffee. They accept cryptocurrencies and you want to pay with your ETH. Unfortunately, there is a network congestion so that in order to pay ETH worth of $3 immediately, you have to pay a transaction fee in ETH worth of $5.

Dispatch is a project proposing solutions to these issues. Its protocol enables fast, scalable, secure DApps without any transaction fees. It handles governance on-chain and data off-chain, making high transaction throughput a possibility as the network works more efficiently this way. Although Ethereum is deemed to be the main platform for DApps, the protocol is backward compatible, meaning that almost every decentralized application built on Ethereum can be moved to and work on Dispatch.

Three key components of the Dispatch Protocol are as follows.

  • The Dispatch Ledger: Just like with Bitcoin and Ethereum, the Dispatch Ledger keeps the record of transactions.
  • The Dispatch Artifact Network: A network of data farmer holds data that cannot fit in the ledger.
  • The Dispatch Virtual Machine: DVM connects these two main components.

Dispatch’s own Delegated Asynchronous Proof-of-Stake (DAPoS) consensus algorithm enables a fast and eco-friendly environment for decentralized applications by incentivizing collaboration among validators, instead of competition as in other blockchain projects. It’s main difference from its competitors is its dependence on individual transactions’ gossips rather than the sequential distribution of blocks.

Token

The Dispatch token will be used to conduct transactions, for community building and as a bridge to other components of the Dispatch ecosystem.

The total supply of DAN is 25,000,000,000 tokens. 42% of the total supply will be allocated for the token sale. No other information on the token distribution and how the team is planning to use the token sale proceeds are made public yet.

Team

CEO Matt McGraw: McGraw was the vice president of culture, client and staff experience at Synoptek and the manager of consulting services at All Covered.

Patrik Wijkstrom: Wijkstrom has worked as the director of advisory services at PwC, as the senior manager of user experience at Juniper Networks and as the content and attribution tools manager at Nortel Networks.

Zachary Fallon: Fallon worked as senior counsel for eight years at the U.S. Securities and Exchange Commission and as an associate for about 3 years at Latham & Watkins.

Darin Kotalik: Kotalik was a marketing operation strategist at Cisco and a senior product manager at Adobe Systems.

Colin Lowenberg: Lowenberg has worked as a solution architect at Cisco Meraki, as a chief wireless architect at Accenture and as a wireless field applications engineer at Broadcom.

Denis Molchanenko: Molchanenko was a lead automation engineer at Hitachi Data Systems, a performance engineer at IBM and at Charles Schwab.

Dmitri Molchanenko: Molchanenko has worked as an automation engineer at Intuit and as a staff QA engineer at VMware.

Advisors

Nicole DeMeo: DeMeo has provided her marketing consultancy services to Babbel, Peak Games, Trendyol, Hewlett-Packard and Organic.

Gil Penchina: Penchina has held respectable positions at eBay, Bain & Company and General Electric.

Tim Siwula: Siwula was a software engineer at ConsenSys.

Andrew Segal: Segal is an assistant professor of computer science at the University of San Francisco.

Paul Lambert: Lambert has worked at Marvell Semiconductor, Oracle and Motorola.

Jordan Burton: Burton was a case team leader at Bain & Company and the director of business development at EzGov.

Investors

Fenbushi Digital: Fenbushi Digital is an Asian leading firm investing in and promoting blockchain projects.

Verdict

Below is a breakdown of the risks and growth potential of Dispatch Labs.

Risks

  • The main problem which transaction fee-free blockchain projects usually face is that either the network is highly centralized or successful attacks on the network are not costly. It is not clear that how the Dispatch Protocol can operate without facing these two issues. (-1)
  • Very limited information on token metrics and token distribution is made public so far. (-1)

Growth Potential

  • Great team and advisors. (+2)
  • The token sale will be conducted after the main-net is launched, which is something we do not see very often. The team seems to do things right and this should provide trust in the project for the ICO investor. (+4)

Disposition

Top cryptocurrencies such as Bitcoin and Ethereum are known to have problems of scalability and occasional high transaction fees. Although most decentralized applications are built on Ethereum, the low transaction throughput makes it inconvenient to use them as well. Dispatch provides a fast, secure and transaction fee-free network to solve these issues. By dealing with governance on the chain and data off the chain, it is able to provide high transaction speed and its own consensus protocol Delegated Asynchronous Proof-of-Stake provides an eco-friendly mining solution by incentivizing collaboration instead of competition among validators. Thanks to its backward compatibility with Ethereum, any decentralized application working on Ethereum can work on Dispatch as well. There is very limited information on token metrics and token distribution as of the time of writing and this makes it hard to evaluate the project’s financials and estimate any potential return on investment.

The usual problem that blockchain projects without transaction fees are that either they are highly centralized, or they do not have strong defense mechanisms to evade attacks. It is not clear that how the Dispatch Protocol can operate without facing these two issues. On the bright side, the project has a great team and is backed by an all-star advisory board. The token sale is planned to be conducted after the main-net is launched and this is something we rarely see nowadays.

Dispatch Protocol receives a 4/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: DIS
  • Platform: Ethereum
  • Crowdsale: Unspecified
  • Minimum Investment: Unspecified
  • Price: $0.005
  • Hard Cap: $39,500,000
  • Restricted from Participating: Unspecified

For More Information

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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