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ICO Analysis: DOVU

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DOVU is creating a mobility ecosystem, where owners of the data (eg. car owners) will have ownership over the data that their car generates. Consumers of this type of data like car manufacturers, insurance companies will pay the owners to get access to the data that their vehicles generate. The data owners can use the received tokens for fuel, car maintenance and other value added services.

Data Is The New Oil

Corporations like Facebook, Alphabet have commodified data and have taken over their respective sectors. For eg. Google holds 81% share of the global search, which has helped it to become the largest advertising company in the world. Having access and control over the user data provides a strong moat and competitive advantage to these businesses. It also enables them to spot trends early and move on them, which sometimes involves buying up a smaller company before it can become a competitive threat.

The Connected Car

Connectivity is not just limited to our smartphones and IOT devices. The data from connected cars have immense potential in terms of improving driving experience and addition of new features. Car data can be used for a wide range of applications like traffic management, usage based insurance, enhanced safety, autonomous driving and many others. Connected car services market is expected to reach 40 Billion USD by 2020.

Car manufactures and service providers like Uber consume and require large amount of driving data to improve and work upon their services. One single self driving car alone uses 4000GB data per day!! However the centralized nature of the mobility data gives them access to only the data which is produced by their customers. Ford cannot access the data that a Toyota or a Tesla owner generates. This puts several limitations towards development of data driven mobility system. A car owner does not have any control over the data that his car generates, nor do he get anything in return for providing it to the car manufacturers.

DOVU Usecase

Imagine your car paying you to drive it. Imagine being rewarded for all the data you create and share. Imagine being able to use those rewards for travel, services, and transport globally. Imagine this data being used to further improve mobility services, working towards fluid movement of goods and people in our cities. Applying this technology will transform our thinking about data and mobility. For example, when hailing an autonomous car, insurance considerations are recorded in a Smart Contract, micropayments are usage-based, and the DOVU ledger allows you to be rewarded for the data you share.

The DOVU protocol will empower data owners to control access over their mobility data, while enabling them to get returns for sharing the data. The protocol will also facilitate creation of many mobility related dApps each having different usecases and attributes regarding the sharing of data.

Dovu App

The tricky part of the business is that DOVU will have to work closely with car manufacturers and convince them about the advantages of the shared economy.
A good thing going on for DOVU is that they have received seed funding from InMotion Ventures, Jaguar Land Rover’s investment arm ,who will work closely with DOVU to help them establish industry wide relations.

IOTA is working on some similar ideas, but it would be difficult for them to penetrate the automotive use case without partnerships with OEMs.

The Token

The DOV token is the only unit of value used across DOVU platform. Every purchase, sale, exchange or any other transaction on the platform will require the use of DOV tokens.

Customers like car manufacturers will pay the data owners in the form of DOVU tokens. Data/car owners can use the tokens for mobility related transactions like offsetting the cost of car, fuel or while using other forms of transportation.

Distribution

A total of 1.2 billion tokens will be issued. Of these 1.2 billion tokens, 25% will be made available for the token sale. There will be a lock-in period of 2 years for any unsold tokens.
The hardcap for the token distribution is set at 85362 ETH, while 1 DOV = 0.00032001 ETH.

DOVU Team

There are 6 core members in the DOVU team each of them having a strong background and experience in working with technology companies of similar complexity.
CEO Irfon Watkins is a serial entrepreneur and has a strong background in starting and growing businesses at a global stage. Before founding DOVU he was founder and CEO of Coull, a programmatic video advertising company processing over 15 billion requests a month from over 118 countries.

Cofounder Arwen Smit is the Jaguar Land Rover connector to DOVU as she worked as entrepreneur-in-residence at InMotion, the accelerator of Jaguar Land Rover. The team also has good relations with the UK Government as DOVU has been seed funded by Creative England – a Government backed fund. DOVU also has got a high profile advisory board with advisors like Lars Klawitter(General Manager Rolls Royce Bespoke and former Board of Directors Ethereum), Rob Jones (Co-founder Fanduel) among others.

The Verdict

One line from the whitepaper has truly caught our fancy “Imagine your car paying you to drive it”. Blockchain is a true enabler of the shared economy. Without blockchain a system like DOVU is difficult to fathom. DOVU is not just a traditional business being implemented on the blockchain, the idea is truly innovative and makes full use of the distributed ledger. Car owners will definitely find value in adopting DOVU. A major part of the business implementation depends on automobile OEMs working together and closely with DOVU, something which we are concerned about.

Risks:

  • As mentioned above, the success of the idea depends on the cooperation and approval by many 3rd party players. -4

Growth Potential:

  • The idea is truly innovative and has the potential to disrupt the way data is handled in the mobility industry. +3
  • Car owners might insist the manufacturers of their cars to adopt DOVU. +2
  • Regulations like the GDPR (General Data Protection Regulation) will work in favour of DOVU. +2
  • The partnership with Jaguar Land Rover adds huge credibility to the project. +3
  • DOVU has also partnered with KPMG for good corporate governance in the light of concerns around regulatory crackdown on ICOs. +0.5

Disposition

We arrive at a 6.5 for DOVU. We think this is probably one worth getting on board despite some implementation level concerns.

Investment Details

The crowdsale opens on 3rd October 2017. The first bonus tier runs for 24 hours (Oct 3, 17.00 UTC – Oct 4, 17.00 UTC) and is 15%. Information on the crowdsale is available on https://dovu.io

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

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4.5 stars on average, based on 16 rated postsAakash Kawale is a financial analyst based out of Mumbai, India. He is the lead analyst at a Singapore based organization and has extensive experience of analyzing US and Indian equities. Aakash is a strong advocate of the Blockchain technology and has been analyzing cryptocurrencies since 2015.




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  1. Des

    October 1, 2017 at 10:09 pm

    This sounds pretty impressive and could be a real game changer in the transport industry.
    Only problem will be looking for 3rd parties to cooperate.

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ICO Analysis: Peer Mountain

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Many blockchain-based projects these days seem to focus on issues like data and identity, as these issues come to the forefront of public attention with widespread scandals like Equifax and Cambridge Analytica.

While these kinds of issues definitely affect consumers, companies are lost in the fray as well.

Regulatory bodies like governments have come down and demanded that corporations practice safe data storage and transmission practices that keep the consumer’s interests in mind. One such example is GDPR.

Solutions like Civic have emerged to give users control over their identities online. Peer Mountain is a project that not only lets users identify themselves online in a secure manner but also allows companies to offer services to users using PMTN tokens while staying compliant with regulation.

This could be huge as not staying regulatory-compliant could lead to huge fines or worse for companies.

The myriad of compliance concerns, such as compliance costs, data protection, onboarding, reliable KYC, real-time risk assessment, and so on is not being addressed sufficiently by current market solutions.

Peer Mountain is aiming to be the one-stop solution for safe, online personal data usage (consumers) and compliant, online provision of services (enterprise).

Peer Mountain Example: Car Rental

To give a concrete example, imagine you’re renting a car.

With Peer Mountain’s services, you can submit car rental forms in a few taps and get digital car keys sent to your Peer Mountain account right away instead of having to stand in a line for hours just to fill out some paperwork and wait even more.

Here’s how that works:

  1. You verify your identity with the services of identity verifiers, such as insurance companies. Your identity verification (e.g. just the confirmation that you are who you say you are vs. your personal details) is then stored safely on Peer Mountain’s decentralized network
  2. The car rental company gets access to your identity verification (confirmation document) but NOT your detailed personal information
  3. Since your identity has already been verified, the rental process is quicker
  4. For the rental agency, they receive verification but not any personal data, which means they don’t have to worry about data regulation concerns

Token

In the Peer Mountain token economy, PMTN is used for the following:

  • Offering services – when an end-user uses a Peer Mountain invitation or service offered by a company, the company pays a small PMTN fee
  • Using an identity verification – when an identity verification supplied by a verifier, such as a bank, is used, the verifier is paid in PMTN by e.g. a company that wants to verify the identity of their consumer

Everyone involved in the Peer Mountain ecosystem can take on the role of a consumer, service provider, or identity verifier. For example, service providers can provide identity verifications as another way to earn revenue.

Of the total PMTN supply (to be determined by Smartcap – red flag), 40% will be sold, 40% will be kept in the treasury, 10% will go to the team, 8% will be held in legal reserve, and 2% will go to the advisors.

Peer Mountain’s token sale has 4 stages:

  1. Presale 1 (priority first)
  2. Presale 2 (priority first) (presale ended March 15th, 2018)
  3. Tier 1 (public)
  4. Tier 2 (public)

peer mountain token sale

Of the proceeds, 40% will go to technological development, 25% to business development, 25% to marketing, and 10% to regulatory and legal costs.

The hard cap, too, is to be determined by Smartcap – red flag.

Team

CEO Jed Grant – Grant was named one of the top 200 European fintech leaders by LATTICE80 and has had a long career in tech, including IT at NATO as well as deep experience in compliance as CEO of KYC3.com, a leader in the compliance world that has been recognized for many relevant awards and honors, such as WealthTech Circle in London, Disrupt.Finance in Zurich, Fintech Fusion in Geneva, Lux Future Lab in Luxembourg, and Europe4Startups.

In terms of advisers, two in particular stand out.

Jeremy Epstein, CEO of Never Stop Marketing – took Sprinklr, a customer experience management platform for businesses, from $20m to $1.8b in four years as CMO

Professor Jorge Sanz – Global Chief Innovation Officer in Banking at IBM

Verdict

While the idea is great, Peer Mountain suffers from issues, such as a lack of strong team and advisors (relative to other projects), no working product, no disclosed significant partnerships, and a variable total token supply as well as token sale hard cap.

Risks

  • Team could be stronger relative to other projects’ teams. (-0.2)
  • Same goes for advisers. (-0.2)
  • No working product. (-0.2)
  • No significant partnerships that have been disclosed. (-0.2)
  • Max PMTN supply and token sale hardcap are variable and not set in stone. (-0.5)
  • Maximum contribution amounts unspecified. Combined with heavy discounts for presale purchasers (30% – Presale 1, 20% – Presale 2), this could be worrisome for those looking to get in on the public sale. (-1)

Growth Potential

  • Potentially huge emerging industry (staying compliant with data regulations). (+4)
  • First mover advantage – Peer Mountain seems to be the only project addressing the issues of personal data protection and data regulatory compliance at the same time. If things go well, they could cement themselves as the market leader quickly. (+3)

Disposition

Peer Mountain is a promising project with a very strong promise. However, things like lack of a strong team and advisors, no working product, no significant, disclosed partnerships, variable supply and funding cap, and unspecified maximum contribution amounts make it somewhat of a risky investment. Further analysis is recommended for those interested. As a result, Peer Mountain receives a 4.7/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: PMTN
  • Platform: Ethereum
  • Crodsale: TBA
  • Minimum Investment: 1 PMTN (Presale), Unspecified (Public Sale)
  • Price: 1 ETH = 2,917 PMTN
  • Hard Cap: Unspecified
  • Payments Accepted: ETH
  • Restricted from Participating: Unspecified

For More Information:

Peer Mountain Website

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: SmartContainers

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Based out of Switzerland, Smart Containers aims to combine Internet of Things (IoT) sensors and blockchain to rent out airfreight containers used for food and medicine transportation that also track temperatures on the blockchain throughout the shipping process.

Maintaining the right temperature for things like food and medicine is crucial to protect against degradation of product. The integrated IoT sensors will also allow the smart containers to know who’s renting them, when the contract ends, and when to invoice a customer.

Smart Containers already is #4 in the business to business (b2b) global pharmaceutical transportation market with its product, SkyCell. The company has plans to introduce SkyCell in the consumer market as well, which is much bigger than the b2b market.

The company claims to have close to 100 patents, be 75% more reliable than the current market leader thanks to a less than 0.1% temperature deviation, and have the largest amount of blockchain-based IoT sensors in all of airfreight.

By building LOGI CHAIN, Smart Containers is building a mostly free, open platform for logistics companies and users, such as airlines, customs brokers, sea freight companies, and so on. LOGI CHAIN will provide additional services like payment and insurance through its partners, all paid for using LOGI. The smart containers will be completely autonomous, allowing for truly paperless logistics. Billing will be automated throughout the supply chain and through the use of cryptocurrency, transaction fees will be significantly lower.

Smart Containers has also entered the food transportation market recently through FoodGuardians, which is launching in Europe in 2018.

Token

SMARC tokens will be used for profit sharing in the proceeds of SkyCell and FoodGuardians. 20% of Smart Containers’ future dividends as well as potential exit profits from its subdivisions like SkyCell will be paid out to SMARC holders proportionally in ETH according to the number of SMARC tokens in circulation.

LOGI is the utility token for LOGI CHAIN and will be used by parties in the ecosystem to pay for transactions.

There is a total of 150 million SMARC and 100 million LOGI.

Smart Containers is selling two tokens to raise a total of $40m.

120 million SMARC / 150 million SMARC will be offered in the ICO – pre-sale, private, and public phases ($36m). The remaining 30 million will be used to cover ICO costs and align interests of the management team.

Pre-sale was at the end of May and open to invited individuals and organizations. 49.3m tokens (41% of ICO amount and valued at $16m) were sold in the private, invitation-only pre-sale. Participants in the pre-sale bought SMARC at a 25% discount while those in the crowd sale can buy tokens at a 15%, 10%, and 5% discount (first third, second third, and final third of participants respectively). 12.8m tokens (10.66% of ICO amount valued at $5m) are available during the public token sale.

57.9m tokens, or nearly half the tokens for sale valued at $15m/$36m total, are offered in a private sale to institutional investors (red flag).

20 million  / 100 million LOGI will be sold in the token sale – pre-sale, private, and public ($4m). The rest of the tokens will be used for the LOGI CHAIN Foundation (50m tokens), Smart Containers Group foundation capital and ecosystem initialization (25m tokens), and bounty program and incentivizing of board members (5m tokens).

As with SMARC, LOGI pre-sale was held at the end of May and open to select individuals and organizations. Pre-sale saw 5.85m tokens (29.3% of tokens for sale or $1.25m) for sale to invited investors. Participants in the pre-sale bought LOGI at a 25% discount and those in the public sale can buy 3.9m tokens (19.5% of float) worth $1m at a 15%, 10%, and 5% discount (first third, second third, and final third of participants respectively).

10.25m tokens, more than half the float of LOGI or $1.75m/$4m , is for private, institutional investors (another red flag).

Proceeds from the sales of both tokens follow a 3-year allocation plan.

For the funds raised through the sale of SMARC, $15m will be used to scale Skycell, $13m for the launch and scaling of FoodGuardians, $3.6m for reserves and team compensation, $2.4m for marketing, and $2m for Smart Containers IT.

LOGI sale proceeds will be used as follows.

  • $1.55m initial IT development costs
  • $1.5m setting up and running the LOGI CHAIN Foundation
  • $0.75m marketing
  • $0.2m finances and fees

As of press time, $12.82m/$21m in SMARC tokens have been sold while $1m/$3.25m in LOGI tokens have been sold.

All investors have to pass AML and KYC verification.

Team

CEO and Co-Founder Richard Ettl – worked at Bobst Group, a Switzerland-based, global leader in providing equipment and services to label and packaging manufacturers, before founding Smart Containers with Nico Ros

CTO and Co-Founder Nico Ros – as managing partner at ZPF, a Swiss engineering company, he worked with famous architects Herzog & DeMeuron to construct the most expensive buildings in Switzerland before founding Smart Containers with Richard Ettl

On the adviser side, two names stand out.

Oliver Bussmann, former CIO of UBS and SAP as well as President of the Crypto Valley Association (association that promotes development of Zug, Switzerland as a blockchain and crypto hub – Crypto Valley Association partners include KPMG and ConsenSys)

Michael Guzik, ICO Lead for Lykke and former Head of Blockchain & Manager of Digital Strategy at PwC

Verdict

Though Smart Containers is a proven company, the need for an ICO is vague, especially for its utility token LOGI, and LOGI CHAIN is yet to be developed. These factors along with other risks (discussed below) make this an investment that requires proper due diligence.

Risks

  1. SMARC is definitely a security token since it grants token holders the right to dividends from Smart Containers’ profits. In its ICO FAQ, the company says that SMARC are not categorized as security tokens under Swiss law, but investors should be careful. -1
  2. LOGI CHAIN yet to be built. -0.5
  3. Very small amount of tokens available to public compared to private and pre-sale investors. -0.4
  4. Information on lock-ups or vesting vague at best (see “What is the vesting schedule for Team and Advisors token?”), -0.4
  5. No max contribution information. This along with heavy token distribution to pre-sale and private investors is worrying. -0.4
  6. Smart Containers whitepaper light on details about LOGI token utility and focuses a lot on the company’s accomplishments thus far, making it seem like a push for non-equity fundraising via the sale of SMARC tokens in an ICO. -0.2
  7. Competitors like VeChain, Walton, WaBi, etc. working on blockchain integration into supply chain scenarios and in the case of VeChain, have much more significant presence and partnerships (e.g. being incubated by PwC) already established. -0.2

Growth Potential

  1. Through SkyCell, the company is well-established, operational, and has revenues. In the Smart Containers whitepaper, the team claims customers like Roche, Takada, and Novartis. +3.5
  2. Skycell is partnered with large carriers like Cargolux and Emirates, already giving it an in in the industry. +2
  3. Even if the ICO is mostly for fundraising via SMARC tokens, if the tokens really give token holders the right to dividends, investing in them could prove profitable if the company does well, which is very possible considering its past and present performance as one of the leaders in the container industry. +3.5

Disposition

  • Although the need for LOGI utility token isn’t clear, and the LOGI CHAIN blockchain solution has yet to be developed, investing in SMARC tokens could prove profitable for investors that want to benefit from the dividends of a leading container providing company.
  • Smart Containers receives a 5.9/10.

Investment Details

  • Type: Security, Utility
  • Symbol: SMARC, LOGI
  • Platform: Unspecified
  • Crowdsale: Now until June 30th, 6PM CEST
  • Minimum Investment: $500 USD
  • Price: 1 SMARC = $0.432, 1 LOGI = $0.285
  • Hard Cap: $40m ($36m SMARC, $4m LOGI)
  • Payments Accepted: BTC, ETH, fiat currencies via credit card including USD, EUR, and CHF
  • Restricted from Participating: USA and countries facing embargoes and sanctions from the US like Burma, Cuba, Côte d‘Ivoire, Iran, North Korea, and Syria.

More Information:

Smart Containers Website

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: Ocean Protocol

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Data has come into the public spotlight recently with scandals like Cambridge Analytica making everyone more aware of the implications of data and just how valuable it can be, both for consumers and corporations.

However, it might surprise you to learn that most data in the world goes unused.

According to Ocean Protocol’s whitepaper, only 1% of the world’s data gets analyzed. Moreover, as society continues to go digital, more and more data is produced every year.

In 2010, the world produced 1 zettabyte (ZB) of data. That’s 1,000,000,000,000 gigabytes (GB) of data. To put that into perspective, a standard iPhone X comes with 64 GB of data. 1,000,000,000,000 / 64 = 15.6 billion iPhone Xes worth of data.

That figure might seem like a lot until you consider the fact that in 2016, the world produced 16 ZB of data and will produce more than 160 ZB by 2025.

So if only 1% of the world’s data is being used, that’s a lot of data that sits dormant.

Some accused Cambridge Analytica of using data from Facebook to influence elections. If that’s true, data can be used for truly significant purposes, good or bad.

The Emergence of Artificial Intelligence (AI)

While data in itself is a huge industry, AI is also an emerging industry that is set to impact every part of the economy in the coming years.

By 2025, revenue from AI will hit $60 billion.

However, AI needs data to be accurate. And given that most of the world’s data is unutilized, that means AI is being held back from its potential. Its only companies with enormous caches of data like Facebook and Google that are really pushing ahead in the AI industry.

Why Data is Underutilized

Data is being underutilized because sharing data amongst parties currently suffers from a number of challenges:

1) Centralized hosting

2) Cost (transaction fees, commissions, etc).

3) Lack of flexible pricing mechanisms (E.g. for building apps, model training)

4) Lack of audit trial for compliance purposes

5) No control over data usage once data supplied by providers

6) Lack of frameworks for consent, trust, and regulation

7) No way to track data usage for royalty pricing models

Ocean Protocol: A Decentralized Data Exchange for AI

Ocean Protocol wants to enable the exchange and sharing of data that could be put to use for AI development and other purposes.

The market for data will be two-sided between Data Providers and Data Consumers.

Data Providers earn Ocean Tokens (OCN) by providing data while Data Consumers pay OCN to providers for valuable data.

Providers can set data pricing via Ocean Protocol to prevent problems like vendor lock-in, choose from various pricing models, control who buys their data, see who has worked with their data, set different usage models (one-time, limited time, continuous), and sell their data without revealing it.

On the other hand, consumers benefit from transparent pricing, clear usage guidelines, previews of data before purchasing, choice amongst different data providers, data quality and reputation reviews, and tracking of data that has been bought and used.

OCN can also be earned by curating data, becoming a data marketplace that interfaces with Ocean Protocol, and providing network services like validation, verification, and storing the network’s blockchain.

Token

OCN’s total supply is fixed at 1.41 billion OCN.

Network service providers like validators earn OCN, which has a block time in seconds.

The token’s supply will be allocated as follows.

45% Network Keepers (block rewards for storing the blockchain and validating transactions) and Data Providers

25% Token Purchasers – goes towards funding Ocean Protocol’s development, partnerships, nurturing key customers as well as providing liquidity. 10% of this amount will be held in reserve for a possible secondary token sale.

20% Founding Team – used for core protocol, development of network and software, business development, community support, marketing.

10% Ocean Protocol Foundation – used for building community and ecosystem using bounties, grants, partnerships, and rewards.

50% of block-rewarded tokens will be released in 10 years.

Founding team and Ocean Protocol Foundation tokens will be released in six equal portions over the course of five years, beginning in the end of 2017.

Twenty-five of the total OCN supply will be sold to investors in four phases:

1) Seed

2) Pre-Launch

3) Network Launch Distribution

4) Secondary Token Exchange (potential)

Fifteen percent will be distributed during Seed, Pre-Launch, and Network Launch Distribution phases.

There will be another 10% potentially distributed during a secondary exchange if additional liquidity is needed or additional funds are needed to build the Ocean Protocol community. Otherwise, these tokens will be burned, distributed proportionally to OCN holders, or sold by Ocean Protocol on exchanges on a publicly announced schedule.

All purchasers of OCN have to be whitelisted.

Team

The Ocean Protocol team brings a lot of experience to the table.

CEO Bruce Pon spent years at top companies like Accenture and Daimler AG as a consultant and project manager before founding his own consulting, data, and blockchain-based companies.

Overall, the team has deep experience in big data, blockchain, AI, and data exchange and has done things like calculate gravity assisted trajectories between Earth and Mars, built a dozen global banks, managed operating budgets over $30 million, and more.

Companies, institutions, and organizations that the team is or has worked with include MIT, Cisco, Oracle, Microsoft, IBM, Google, Ernst & Young, and more.

Pon and other core members founded BigchainDB in 2014. BigchainDB will develop Ocean Protocol and has already created things like ascribe.io, a way for creators to track intellectual property on the blockchain, WhereOnThe.Net, which tracks the spread of creative works, IDPB, the Interplanetary Database or a shared global database, ImageMatch, machine learning-based image recognition, and more. Clearly, it isn’t their first rodeo when it comes to things like blockchain, data, and AI.

DEX Pte. Ltd. is also working on developing Ocean Protocol and was a lead partner for Data City : Data Nation, a partnership amongst Singaporean and British corporations and governments to work on data exchange by providing common regulatory and governance frameworks.

Singapore, which has shown its hostility towards crypto at times, is the lead government partner for Ocean Protocol. Singapore wants to become the hub for data sharing and is working with Ocean Protocol to achieve that goal.

Verdict

Though Ocean Protocol has a promising premise and team with lots of relevant experience, lack of a working product and significant partnerships makes investing less desirable.

Risks

  • No working product (-2)
  • Many other competitors like Enigma, Datum, Dentcoin, Streamr, and more, some of which have working products. (-1)
  • No other significant advisors or partnerships besides Singaporean government that could boost the spread of Ocean Protocol. (-1)
  • No hard cap announced for Network Launch Distribution round. (-1)

Growth Potential

  • Data sharing and AI are huge growth industries. (+3)
  • Team has lots of experience, especially in relevant fields, such as blockchain, data exchange, and AI. (+3)
  • While competitors may be focusing on specific use cases, such as “data marketplace for advertising data”, Ocean Protocol is more of a platform, and platforms, e.g. Ethereum and NEO, have done well in the past. (+2)
  • Pre-Launch round had an equitable token distribution with a max contribution of 1250 euros – helps prevent dumping by whales. (+2)
  • Long vesting periods to prevent dumping. (+1)

Disposition

It might be better to pick up some OCN post-ICO or if and when the project is more proven in terms of a working product and partnerships. Moreover, Network Launch Distribution details have yet to be released, which could have an influence on investment potential as well.

Ocean Protocol receives a 5/10.

Investment Details

  • Type: Native Token
  • Symbol: OCN
  • Platform: Ocean Protocol
  • Crowdsale: Network Launch Distribution date unspecified
  • Minimum Investment: Unspecified (Network Launch Distribution)
  • Price: Unspecified (Network Launch Distribution)
  • Hard Cap: 25m euros (Seed and Pre-Launch), Unspecified (Network Launch Distribution)
  • Payments Accepted: ETH
  • Restricted from Participating: not specified but their Ocean Tokenomics article makes it seem like it would be open to even un-accredited US and Canadian investors (see “Lock-Up”)

For more information:

Ocean Protocol Website

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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