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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 11 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: Svandis

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Svandis is developing a platform for crypto market participants, providing leading financial research, analytical and visualization tools for anyone actively involved in the cryptocurrency space: short- and long-term traders, analysts, hedge funds, institutional investors, proprietary trading firms, venture capital funds, token sales contributors, and exchanges.

In its essence Svandis is a blockchain-based data hub providing a research and visualization platform to crypto-market participants; prioritizing objectivity, relevance, and speed. All data is available in one place, crowdsourced by the DataMining App and the Research Community – a gamified validation system on the blockchain. Additional features and products will be offered by third-party partners on the Svandis Marketplace to allow for an increasingly customizable

For most advanced traders, the ability to visualize and cross-check varying types of data is a real challenge, simply because the professional tools to do so are not yet developed. As the number of ICOs and token sales increases, there is a real demand for professional services and tools to assist traders and investors in selecting tokens for trading, or finding token sales in which to participate

Svandis is offering an interesting solution to solve this.

The Svandis ecosystem is a collection of powerful tools, analytics, and indicators for professional traders in need of real-time, actionable data and analyses. The Svandis ecosystem aggregates data from a wide range of sources into one place, transforming raw data into reliable and valuable information, and covering professional crypto market participants with up-to-the-minute news and updates filtered by the Svandis research community and analysts through a web-based application

Basically, Svandis is developing a convenient infrastructure for providing users with information, tools, analytics, and indicators of high power and reliability, which will be run by the community.

As Svandis is a data hub. Not only it’s building with platform users in mind – but with the 3rd part as well. Svandis business model is about providing data as a service – real-time (API for Research Community data, newsfeed data, catalysts alert) or on-demand (on-demand database). The user experience is of paramount importance – but the growth of the company will be all about capitalizing on every angle that are in line with our vision – aka being a trustful and accurate data provider in a market filled with opinions, paid rating and other fake approaches.

I think the strongest point Svandis tries to bring lies in the data mining and verification process that is community driven. In order to do this, Svandis envisions the following infrastructure:

Thus basically raw data is provided by all users, which is then verified by Svandis internal team plus certified users.

Most data will be validated by the RC (Research Community) – internal team being pretty much the participants with the higher level (to become an analyst, you have to go through 20 levels – each level having its requirements, so basically allowing to filter participants up to the point we can trust them to act with more ”power” on the platform).

Traders, investors, investment funds and other professional players can pay to get access to Svandis products and SVN token serves as a medium of value and community engagement vehicle.

ICO reviews and listing website could use Svandis RC data, exchanges too. Our customizable on-demand news feed will be spread out a lot (marketing and branding tool).

So basically we can see that the verification process is community driven. That is actually a great use of blockchain and decentralization when a project can involve community itself through incentive to do actions.

In relation to data mining. Svandis will offer users a data-mining functionality by using the cross-platform Data Mining Application. The DataMining App is an open-source crawling application that users can install on their computers to participate in data crowdsourcing. Receiving tasks from the Svandis command server, the Data Mining App will grab website pages and social media content (all with user permission) to enable the analysis of a vast quantity of historical and real-time data.

One can visualize Svandis Data Mining process as:

 

Token

The token sale information is outlined below:

  • HARD CAP – $12,000,000
  • TOTAL TOKEN SUPPLY – 400,000,000
  • TOKEN FOR PUBLIC CONTRIBUTORS – 60%
  • MAXIMUM TOKEN SUPPLY TO THE PUBLIC – 240,000,000
  • TOKEN PRICE – $0.05

Token Distribution:

  • 60% Token Sale
  • 20% Team
  • 10% Advisors and Partners
  • 5% Marketing ambassador program
  • 5% Acquisition Funds

Use of Proceeds:

  • 40% Development and Security
  • 30% Analytics Department
  • 20% Marketing and Business Development
  • 5% Operations
  • 5% Legal

From the supply side, tokens will be awarded for data mining and verification to platform Ecosystem uses. From the demand side, every customer who would like to have an access to the products would need either to store and spend Svandis token.

Team

The team has 9 members and 7 listed advisors.

Hermann Finnbjörnsson – CEO and Founder. One of the co-founders of isx.is – the first and only cryptocurrency exchange in Iceland, a KYC-run exchange that connects to the user’s bank account, with all trades conducted in Icelandic króna pairs

Yan Crevier – Strategic Development and Co-founder – Advisor to Latium, Sharebee, and founder of Québec Blockchain non-profit organization.

Iakov Mishchenko – Chief Technology Officer – software engineer with over 10 years’ experience, and founder of the company KAMI Labs, a leading provider of cross-platform product development for both web and mobile.

Advisors include:

  • Kate Kurbanova – Head of Analytics, Cindicator
  • Anastasia Andrianova – Founder/CEO, Akropolis
  • Bokky Poobah – smart contract advisor auditor – Bokky is a respected smart contract security auditor, having developed and audited smart contracts for over 20 companies, among them Status, Cindicator, Stox, and others.
  • Jason Lee – partner at JSON Capital – a cryptocurrency based hedge fund.
  • Nodari Kolmakhidze – Chief Investment Officer, Cindicator
  • Cem F. Dagdelen – Advisor, DAO and Token Incentives – founding specialist at Horatii Partner. Svandis Research Community will leverage many beneficial DAO components as a means to increase trust in data and information, autonomy of operation and governance, and economies of scale.

Partnerhisps

Cindicator – Hybrid Intelligence for Effective Asset Management project. Has 100k analysts on their platform

Json Capital – crypto hedge fund

Credits – blockchain for financial transactions.

Horatii Partners – group of international consultants focused on blockchain advisory and use-case planning.

Verdict

Svandis in trying to create a much needed product. Although there are several resources for traders and cryptoanalysts, there is no comprehensive, full and easy to use the one-all tool.

Risks

  • A lot of tokens will be released after the token sale without any corresponding demand for the product itself. -1
  • Token economics is there, but without business processes costs and product prices it is hard to determine token appreciation potential. -1
  • Big competition from centralized platforms. However, the biggest issue by far with any centralized approach to supposedly verify and offer impartial information review is the ability to purchase a sponsored listing to bypass many necessary vetting processes and procedure. -1
  • Hard cap is way too big as per current market. -1

Growth Opportunity

  • Svandis is focusing on bringing transparency to the crypto market; protecting cryptocurrency users from deceit in the market. Quite a noble and necessary goal considering how much fraud and not transparency exists in the space. +2
  • The project tries to bring a value of decentralization in the space again. +1
  • Business model is clear – sources of income:
    1) Subscription to analytics products (including both “pay-to-go” and “hold-to-go” models) – B2B & B2C;
    2) Sponsored advertisements from businesses/entities who want to present themselves to our audience (all ads will be marked as an advertisement; we will never sell a paid rating or a similar schematic) – B2B;
    3) 3rd Party Marketplace +2
  • Partnership with Cindicator. Cindicator will become the first client of Svandis, integrating the Svandis data and features into their platforms and solutions for investors and market forecasters. Such product integration will help to catch Cindicator’s 110,000+ analysts audience, as well as more than 15,000 clients – and this will act as a springboard for our product and overall visibility and traffic. +2
  • The team is rather experienced in software development and business. +1
  • Roadmap looks realistic and adoption will be soon. +1

Disposition

Svandis is building an interesting community driven product. The team has experience and the product is not that hard to actually execute. However, there is a big competition in the space from traditional platforms in the long-term. From short-term, project has a big hard caps for such kind of project, small hype and tokens without any lock-up, which could result in a bad short-term performance. 5 out of 10

Investment Details

  • Type: Utility
  • Symbol: SVN
  • Platform: ETH
  • Crowdsale: TBA
  • Minimum Investment: TBA
  • Price: 0.05
  • Hard Cap: $12 million USD
  • Payments Accepted: ETH
  • Restrictions Barred from Participating: U.S.

General details :

https://svandis.io/

https://svandis.io/whitepaper.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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4.9 stars on average, based on 11 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: NODVIX

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The existence of censorship on content is a brute fact of the modern world. Although this is arguably justifiable on moral grounds in some cases, often it is used for economic and/or political reasons by governments and corporations and the ordinary people usually have none to very little power on this decision. Several countries such as China, Iran, Saudi Arabia, and Singapore are known for extensive restrictions implemented on Internet usage.

This contradicts with freedom of speech and expression and the NODVIX team provides a broadcasting platform, similar to YouTube but without KYC procedures and governmental interventions, enabling people to reclaim their right to free speech. Instead of appealing to any governmental criterion of content restrictions or bans, NODVIX is self-regulating as people acting as master-nodes restrict or ban content. Still, as what counts as illegal content differs from one jurisdiction to another, it is not clear how any confusion over such definitions would be dissolved.

The platform is designed to be live 24 hours a day and this is incentivized by a reward mechanism. Any profit made by several streams of revenue such as advertisement will be distributed among actors on the platform.

  1. Original content creators or uploaders get 83%.
  2. Supported torrent nodes get 8%. Staking NDVX tokens are a requirement to become a supported torrent node.
  3. Unsupported torrent nodes get 2%. They are not asked to stake NDVX tokens, but they get a lesser cut of one-fourth.
  4. The platform gets the rest, using 5% for marketing and 2% for platform development.

The platform works in the following way: Firstly, a visual media, whether it is a music video, news story or a film, or anything with a frame rate is uploaded to the platform by its creator or uploader. Then advertisers provide appropriate banners which are then checked by torrent nodes. A hash file which contains also wallet addresses where profits will be sent is created and stored by torrent nodes. Ads take their place in content and the content is broadcast to the platform, placed into specialized categories. Then it is available for users to watch whenever they’d like. It should be noted that as torrent nodes play a quite important role, they can choose not to broadcast some content.

Token

The platform’s internal currency, NDVX, is used by an advertiser to pay for advert airtime, by original content creators and uploaders to receive in return for their efforts and by supported torrent nodes to stake. As people who stake their NDVX tokens get a higher percentage of profits than who do not, we can say that there is sufficient holding pressure for the token.

The ICO investor should note that the base price is 8,000 NVX for 1 ETH though this is only for the last twenty days of the ICO. The sale is structured that early birds pay less ETH per token as an investor will get 15,040 NDVX for 1 ETH, almost 90% more tokens for the same cost. It should worry him or her that during the pre-ICO, contributors get 24,000 NDVX per ETH, making the pre-ICO price 200% over the ICO base price. Also, the more ETH one invests in, the more NDVX tokens he or she gets as a bonus. Thus, we can safely say that anyone considering to participate in the token sale should either hurry up or wait until the token hits exchanges.

The total supply of NDVX tokens are yet to be determined, but they will be distributed according to the following.

  1. 75% pre-ICO + ICO
  2. 12% team
  3. 9% reserved
  4. 4% bounty

It is another source of worry that team tokens are locked for 6 months, a shorter period of time than most ICOs. No information on how the team is planning to use the token sale proceeds is made public yet.

Team

Valeriya Okuneva: Okuneva is a content specialist at BAKERS, a marketing and advertising company based in Moscow.

Ryan Raymond: Raymond is a community advisor at PayFair.

Verdict

Below is a breakdown of the risks and growth potential of NODVIX.

Risks

  • Team members’ LinkedIn pages do not show their previous working experience. (-2)
  • Token metrics do not favor the later ICO investor much. (-2)

Growth Potential

  • A demo for Windows, MAC, and Linux is already available, a rare sight for many ICOs. It can be found at the top of NODVIX’s website. (+4)
  • As supported torrent nodes (master nodes) who get 8% of the profit are required to stake NDVX tokens, there is sufficiently strong holding pressure. (+2.5)

Disposition

Governmental intervention over the content on the Internet gets tighter and tighter every single day. People living in places like China, Iran, Saudi Arabia, and Singapore experience this phenomenon in their day to day lives. In response, the NODVIX team provides a broadcasting platform similar to YouTube where original content creators and uploaders provide visual media and get paid in return. As the platform will be live 24 hours a day, people who will supply and verify the content data are incentivized to do so through a stake-and-reward mechanism. Any supported torrent node will get 8% of the profit, which is a sufficient reason to hold NDVX tokens.

It is a bit hard to evaluate the project’s value in terms of return on investment as team members’ LinkedIn pages contain very little information, yet a working demo already exists and can be found at the top of the main page. It is quite praiseworthy that Windows, Mac, and Linux versions are available. Token metrics do not favor the late ICO investor as the early bird catches not only the worm but also great bonuses. Anyone planning to participate in the sale should hurry or perhaps wait until the token hits the market. NODVIX receives a 2.5/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: NDVX
  • Platform: Ethereum
  • Crowdsale: November 22nd
  • Minimum Investment: 0.01 ETH
  • Price: 0.000125 ETH
  • Hard Cap: 21,000 ETH
  • Payments Accepted: BTC, ETH
  • Restricted from Participating: United States, Singapore, Korea, China.

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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ICO Analysis: FidelityHouse

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Many social media companies store and sell their users’ public and private data for financials gains and we all have been a victim of such acts at some point. However, it’s not just our personal data that has monetary value but any content that we produce, too. Think of a blog you have posted on your Facebook page or a blogging platform. The piece contains information and thus has value to anyone seeking such information, yet, unless you’re a professional content creator, you probably haven’t made even a single cent out of it. Some would argue that this is hardly fair.

FidelityHouse is a social content network which enables content creators to publish and get paid in return and readers to be selectively updated on their own interests. But that is not the most innovative feature of the network. Thanks to FidelityHouse Chain, any content creators can prove that he or she is the original creator of the content with reasonable fees, thus proposing a solution for one of the most important problems in the intellectual property industry.

Contrary to many blockchain projects which have only started development recently, without any working product at all, FidelityHouse is a project born in 2011 with a team continuously working on it since then. It has 63 million page views, 400 million impressions, 20 million unique visitors and 10 million videos viewed per month only in Italy. An extremely successful product which is live for seven years now hits the cryptocurrency scene to gain ground with additional features thanks to blockchain technology.

This use of blockchain allows the team to develop a fairer and more transparent content lifecycle management system, making it possible for content creators to prove the ownership of the content. FidelityHouse Chain has three components, all contributing to this very purpose. The proof of authorship tracks the existence of authenticity of any product, the proof of license proves the veracity of licenses granted by content creators to other parties and the proof of revenue documents any value generated from content.

The proof of authorship is arguably the most important component of the chain. When content is submitted, its hash value, a data which uniquely identifies it, and timestamp, containing the time of submission, is recorded onto the blockchain. As any change in the content, no matter how small it is, affects both values, the earliest content is proved to be the original one, thus proving the author of this content to be its original author. Still, as it is always possible to make “small” changes while keeping the rest intact. To protect authors and their products, a plagiarism detection mechanism is in place, which is available for a reasonable fee.

Yet not every submitted content gets published on the FidelityHouse platform. Step by step, any submission follows this model.

  1. Firstly, an author submits his or her content to the platform.
  2. Two expert moderators evaluate it and decide if it is to be published or to be revised.
  3. The content’s originality is verified by the platform’s plagiarism detection mechanism and its ownership is handed to the author.
  4. The platform gets paid for advertisements.
  5. Now the content is ready, it is open to platform users and external visitors.
  6. The revenue obtained is distributed among the content creator and moderators.
  7. These FIH tokens can be used in return for platform services or sent to exchanges.

Token

FIH tokens are used to gain access to the platform services and to reward moderators. These platform services include but aren’t restricted to timestamping and plagiarism monitoring. The content creator can purchase any single service or subscribe to a package fitting his or her needs. Any action taking place in the platform is paid or received by FIH tokens, so the content creator should have FIH tokens to benefit from platform services.

In the first stage of the sale taking place between September 1st and October 30th, a bonus equal to or over 32% is offered to private sale investors. In the following stage, the pre-sale contributors will have a chance to gain 27% bonus between October 31st and January 7th. As there is plenty of time until the pre-sale ends, the investor has no reason to hurry. Any unsold token will be burned.

The initial total supply of FIH is 1,000,000,000 tokens with the following token distribution:

  1. 50% private, pre-sale and ICO
  2. 15% founders
  3. 6.4% referral sales
  4. 6% advisors
  5. 9% team
  6. 13.6% reserve funds

All tokens except ICO tokens and reserve funds are locked for 9 to 12 months, which means there will be a very limited supply of FIH tokens in the short term.

How the team planning to use the token sale proceeds is not made public as of the time of writing.

Team

Alessandro Bellato: Bellato has worked for NEST, an information technology and services company, for over twelve years.

Filippo Marcassoli: Marcassoli was a marketing specialist at Roche Diagnostics, a healthcare company based in Basel.

Luca Del Torchio: Before joining Safilo, an eyewear company, Del Torchio has worked as a consultant at Deloitte and PricewaterhouseCoopers.

Vittorio Ferrari: Ferrari, a former marketing director at Bonduelle, has worked for Olivetti and Kodak.

Advisors

Alvise Saccomani: Saccomani is the head of trading at BANOR, an Italian investment firm.

Sebastiano Cappa: Cappa is a member of the board of directors at IAB Europe. Previously he was the head of the Italian branch at SmartFocus, a computer software company based in London.

Verdict

Below is a breakdown of the risks and growth potential of FidelityHouse.

Risks

  • Bonuses provided to private sale and pre-sale contributors are a bit high. (-1.5)
  • The token appeals to a very niche audience, namely FidelityHouse platform users. (-1.5)

Growth Potential

  • The project is live since 2011 and has gained serious community interest: 63 million page views, 400 million impressions, 200 million unique visitors and 10 million videos viewed per month in Italy. (+3.5)
  • The platform is able to support any content through its lifecycle while enabling the content creator to monetize his or her efforts. Hashing and timestamping is sufficient to prove any content’s original ownership. (+2.5)
  • There is not much competition for similar projects within the blockchain sphere. (+1)

Disposition

In many content sharing platforms, their respective creators do not get paid and it is the platform owners who actually make money. FidelityHouse enables these content creators to monetize their efforts and to prove that they are the original creators of the content. Although this is a quite important problem in the digital intellectual properties industry and the use of blockchain almost perfectly fits the goal, surprisingly there is not much competition. The project has been around since 2011 and already has seen great interest, thus an audience already exists. Still, bonuses provided to private sale and pre-sale investors are a bit high, so the ICO investor should be wary. Also, the token’s usage is restricted to the platform and thus a very niche audience, which means that if the project does not attract content creators, low demand for the token can be expected. FidelityHouse receives a 4/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: FIH
  • Platform: Ethereum
  • Crowdsale: January 8th
  • Minimum Investment: Unspecified
  • Price: 0.0002 ETH
  • Hard Cap: 100,000 ETH
  • Payments Accepted: Ethereum
  • Restricted from Participating: the United States and China

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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