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ICO Analysis: DxChain

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DxChain is a big data and machine learning, scalable blockchain with a native protocol token. DxChain aims to solve computation of big data in a decentralized environment. The DxChain network will meet numerous business operation and businesses intelligence needs by enabling users to trade data and create applications. DxChain is designing a specific chain-on-chain structure which will manage the master chain, storage chain, and computation chain to reach consensus and provide the incentive mechanism in a Byzantine environment.

Layers of DxChain:

1) Master Chain – Stores information such as transactions, contracts, and receipts
2) Data Chain – file storage system for P2P; also stores the non-assets data
3) Computation Chain – computing tasks on the DxChain virtual machine (DVM)

Major DxChain Innovations:

1) PDC (Provable Data Computation):A new decentralized computing framework introducing Provable Data Computing and verification game

2) Chains-on-chain Architecture: Two side chains along with the master chain (data side chain/computing side chain)

3) Migrate the Hadoop ecosystem to a decentralized environment: Incorporates Hadoop into the DxChain network in order to facilitate big data and machine learning

4) Support business data exchange and analytics: A powerful and flexible DxChain-based system architecture designed to support business data analytics and data exchange requirements

Use cases in the DxChain ecosystem:

1) Smart City: Machine learning analysis will be available on the dataset in which sensors daily generate and create actionable business intelligence reports to guide business decisions. The DxChain ecosystem developer could leverage it to build their own machine learning apps.

2) Healthcare: Reduce cost for storing data and traffic. Data encrypted and stored in blockchain in a tractable and secure way. Data exchange and sharing are enabled via DxChain’s data model to standardize data. Machine learning will allow healthcare vendors to build their own AI to monitor patients’ health and critical vital signals.

3) AI Model Training: DxChain, and machine learning blockchain could benefit AI vendors in many ways. The DxChain ecosystem developer could leverage them to build their own machine learning Dapps.

Token

The DxChain token (DX) is an ERC20 utility token that will be required for certain designed functions on the DxChain network and will be used as the unit of exchange within the  network. DX will be used to facilitate the participation in the DxChain network and be used as incentives for contributions to and/or maintenance of the DxChain network. The price will be 1DX = $0.0014 USD during the public sale which is scheduled for August.

Token allocation is as follows:

  • 48% Ecosystem, Mining, and Community
  • 22% Tokens for sale
  • 10% Foundation
  • 10% Marketing & Business Partners
  • 10% Team

Team

The team is solid and brings experience and expertise in business, blockchain, finance and marketing – all of which are necessary for the success and completion of this project. The complete list of team and advisors can be found on their website. However, below  are a few noteworthy team members and advisors.

Allan Zhang: Co-Founder and dxpert in blockchain and network security. Founder of Trustlook and a serial entrepreneur.

Taosheng Shi: Blockchain Engineer and former innovation manager and principal system architect at NOKIA; 10+ years experience in distributed system research and development.

Wei Wang: Co-founder & Chief Scientist; former Principal Scientist at AT&T research on blockchain technology. Principal Scientist at Hortonworks research on big data and artificial intelligence.

Advisors

Leo Wang

  • Founding partner – PreAngel Fund
  • Currently manages over 1 billion CNY in assets
  • Invested in 300+ startups from the US and China
  • Angel investor in NEO and ObEN PAI

Fan Zhang

  • Founding Partner – Sequoia Capital China
  • Director of DFJ ePlanet Ventures
  • Forbes annual China’s Midas List – ranked as one of the leading venture capitalists

Verdict

There is an amazing growth opportunity in the big data market and DxChain aims to capitalize on it. Along with the strength of the team, recent MVP release and growing social media presence, Dxchain is positioning itself to do just that.

Risks

  • There are multiple competitors in this space with some being much further along in their development such as SONM and Golem. -1.75
  • The main network isn’t scheduled for launch until Q4 2019 which could deter some impatient ICO investors in this fast-paced market. -1.5

Growth Potential

  • Their website lists 32 investing partners such as Node Capital, Signum Capital, and PreAngel. DxChain has also established a working partnership with QuarkChain. +4
  • The DxChain team has done a decent job marketing their ico thus far. Their Twitter and Telegram numbers signify good social engagement which helps attract ICO investors and can build hype if they keep the momentum going. +2.5
  • Having an MVP or prototype is a significant positive for ICO investors. DxChain recently released a video of their MVP Alpha, Rocky Mountains, which can be viewed here: https://www.youtube.com/watch?v=RvFtJrRrUv8&t= +3.5

Disposition

With multiple positive factors in place – excellent financial backing, partnerships, MVP and strong team/advisors, DxChain has potential amongst ico investors for a solid ROI. DxChain receives a 6.75 out of 10 rating.

Investment Details

  • Symbol: DX
  • Platform: Ethereum
  • Price: 1 DX = $0.0014 USD
  • Hard Cap: $21,500,000 USD
  • Total Supply: 100,000,000,000 DX
  • Available For Purchase: 22,000,000,000 DX
  • Public Sale: August 2018

For more information regarding DxChain:

Website: www.dxchain.com
Twitter: twitter.com/DxChainNetwork
Telegram: t.me/dxchain
Medium: medium.com/dxchainnetwork
Facebook: www.facebook.com/DxChainNetwork
YouTube: www.youtube.com/channel/UCNIWZiYjMKVjF1LIY9uIslg

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: Hedera Hashgraph

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Hedera Hashgraph is another project in the blockchain space aiming to take blockchain to the next level: fast and ready to take on widespread usage by the mainstream as well as enterprises.

Currently, distributed ledger technology faces a number of challenges:

  1. Scalability
  2. Security
  3. Governance
  4. Stability
  5. Regulatory Compliance

Hedera Hashgraph’s team believes that only when these challenges are addressed and surmounted will mainstream markets trust blockchain enough to adopt it en masse.

With regards to the aforementioned challenges, Hedera Hashgraph aims to address them in the following ways:

  1. Performance – Hedera is built on the hashgraph distributed consensus algorithm (“hashgraph” also is used to refer to Hedera’s blockchain), invented by Hedera’s CTO and Chief Scientist Dr. Leemon Baird, who worked as a Professor of Computer Science at the US Air Force Academy and has multiple patents and publications in peer-reviewed journals. According to the Hedera Hashgraph whitepaper, the platform can handle hundreds of thousands of transactions per second in just one shard (let alone the entire network). Confirmations also happen in seconds and not minutes, hours, or days.
  2. Security – Hedera Hashgraph is secure through asynchronous Byzantine Fault Tolerance (aBFT). While other platforms are susceptible to Distributed Denial of Service (DDoS) attacks, the hashgraph platform isn’t. Moreover, aBFT provides both fair access and fair ordering for transactions on the platform. Appendix 3 of the whitepaper gives a full definition of the hashgraph algorithm and its fairness properties as well as proofs of aBFT.
  3. Governance – Hedera’s governance consists of Council Governance (management of council concerns) and Consensus Model (determining transaction consensus order).
    • Council Governance is done by an elected Governing Board that deals with council membership policy, network token regulation, and platform codebase changes. The Governing Board will consist of up to 39 leading organizations in their respective fields, bringing expertise previously lacking in past blockchain platforms.
    • Consensus Model deals with how nodes reach consensus on the platform’s order of transactions. In the Consensus Model, nodes cast one vote for each Hedera token that they own and since many nodes are expected to join the network and be compensated for maintaining the hashgraph ledger, it’s expected that Consensus Model voting privileges will be distributed amongst thousands of nodes.
  4. Stability – Hedera Hashgraph’s stability will be ensured with both technical and legal controls.
    • Technical – Hedera Hashgraph has Swirlds technology, which has the effect of protecting users of the platform from unofficial forks of the platform as well as ensuring that only software clients running the latest version are able to modify the hashgraph.
    • Legal – The Hedera Hashgraph codebase will not be open-source but be available for public review so that anyone can read the source code, recompile it, and verify its legitimacy. No licenses will be required to use the platform, write software that uses the platform, or build smart contracts on the platform. Thus, Hedera will provide a transparent codebase open to innovation so that the market can use it for its own purposes.
  5. Regulatory Compliance – Hedera has an opt-in escrow identity mechanism that gives users the choice to attach verified identities to their otherwise anonymous cryptocurrency accounts. Therefore, on the one hand, anonymous users can maintain their anonymity, and on the other, users that need to be verified for official purposes can do so without having to worry about regulatory backlash.

Token

By replacing proof-of-work consensus mechanisms with virtual voting (nodes cast one vote for each Hedera token that they own), high throughput, low fees, and micropayments are all made possible.

DApp developers on the network will use Hedera tokens to pay for network services like processing transactions, executing smart contracts, and storing files.

As mentioned earlier in the analysis, anyone running a node will earn Hedera tokens for doing so. The amount they earn is proportional to the amount of Hedera tokens they stake in one or more accounts for which they have the private keys. (This stake is also used to weight their votes in the Consensus Model). However, users are still able to spend their stake at any time – though of course spending some of the stake means receiving less rewards for running a node.

Users who don’t want to run a node (e.g. not wanting to invest in computing resources and/or the maintenance of them) can “proxy stake” Hedera to someone else’s node. This means that the user with no node gives a node “credit” for their stake and splits ledger maintenance awards with the node that they credit with their stake. (The ratio of the split is negotiated between the two parties). Proxy stake funds are in control of the proxy staker, who can spend the stake at any time, turn off the stake, or even redirect the proxy stake to another node.

As mentioned, fees are low, but they do exist. There are node fees, service fees, and transaction fees:

  • Node fees – a platform user can use platform services (e.g. transferring crypto from one account to another) by contacting a node, which submits the user’s transactions. The platform user pays a fee, negotiated between the user and the node, to the node for its service.
  • Service fees – users that use platform services (e.g. storing a file in the hashgraph) without going through a node pay a service fee.
  • Transaction fees – transactions handled by the network incur a fee to cover the associated costs of nodes exchanging data about the transactions, temporarily storing them in memory, and calculating consensus on the events containing them.

Token distribution is “expected” (taken from the Hedera Hashgraph crowdsale FAQ – “What is the token distribution?” section) to be as follows.

  • 65% Hedera Council Treasury
  • 17% management and employees
  • 13% SAFT purchasers and developers
  • 5% Swirlds

Hedera has already raised $100m in funding from institutional and high net worth investors and is currently conducting an accredited investor crowdsale ($20m target).

Accredited investor verification (whitelisting) will stop when $20m in funding is reached or August 15th, whichever comes first.

Token price and token release schedule for both first round and accredited investor round are the same:

  • Option A: $0.12 per token. 20% of tokens issued six months after network launch, with the rest vested in 10% installments over 8 months.
  • Option B: $0.096 per token. 20% of tokens issued six months after network launch, with the rest vested in 20% installments over the subsequent 4 years.

The majority of founder tokens are vested in 4 to 6 years.

If all funding goals are met, the project will start with a $360m market capitalization (based on expected circulating supply on day of token release).

Total token supply is fifty billion.

The offering is a Simple Agreement for Future Tokens (SAFT) in accordance with SEC regulations and there will be no ICO.

Minimum contribution is $1,000, and maximum contribution per person is $250,000. However, investors who want to invest >$250,000 can email saft@hashgraph.com (?), according to the Hedera Hashgraph crowdsale FAQ, which is confusing.

All raised funds will be used to grow the platform (engineering, sales, marketing, developer advocacy, community development, legal, etc).

Team

Co-Founder, CTO, and Chief Scientist Leemon Baird – Baird invented the hashgraph consensus algorithm, has worked as a Professor of Computer Science at the US Air Force Academy, has a PhD in Computer Science from Carnegie Mellon University, and has many patents and publications in peer-reviewed journals and conferences in the fields of computer security, mathematics, and machine learning.

Co-Founder and CEO Mance Harmon – Harmon also has an Air Force background as former Course Director for Cybersecurity. He was also Program Manager of a large-scale software program for the US Department of Defense’s Missile Defense Agency and senior executive for product security of an unnamed $1.7b revenue organization.

President Tom Trowbridge – Trowbridge is President of the Hedera Hashgraph Council and has a strong finance background, having started and ran the New York Office of UK-based Odey Asset Management. He also has held positions at Goldman Sachs, Lombard Odier, Atticus Capital, Bear, Stearns & Co., and telecom and media private equity firm Alta Communications, where he was responsible for 10 deals.

Verdict

Below is a breakdown of the risks and growth potential of Hedera Hashgraph.

Risks

  • Very bold claims but no working product (-1)
  • High hard cap and initial valuation but other projects that have done well have had the same (though uncommon) (-0.5)
  • Similar to EOS – bold claims, no working product, lots of hype – except the EOS team probably had a more relevant background (CTO Dan Larimer was behind popular and proven projects like Bitshares and Steemit) (-0.5)

Growth Potential

  • A lot of hype (e.g. large Meetup community) (+4)
  • Some DApps have already committed to the platform, and many developers are interested in the platform (e.g. their developer – not general public – Discord channel has nearly 5,000 members as of writing) (+4)

Disposition

  • Hedera Hashgraph promises to pack quite the punch similar to projects like EOS. The hype is definitely there, but can the team deliver?
  • Hedera Hashgraph receives a 6/10.

Investment Details

  • Type: Native – Utility
  • Symbol: Unspecified
  • Platform: Native
  • Crowdsale: Ongoing
  • Minimum Investment: $1,000
  • Price: $0.096 or $0.12
  • Hard Cap: $120m (institutional round and accredited investor round combined)
  • Payments Accepted: BTC and USD (via wire transfer) – can’t mix BTC/USD to pay for one SAFT (but can purchase two SAFTs separately using BTC for one and USD for the other)
  • Restricted from Participating: The SAFT is being offered to accredited investors in 63 countries. (Anyone from a country NOT on the following list is restricted from participating). The countries are: Andorra, Argentina, Australia, Austria, Belgium, Bermuda, Brazil, Virgin Islands (British), Bulgaria, Canada, Cayman Islands, Croatia, Cyprus, Czech Republic, Denmark, El Salvador, Estonia, Finland, France, Germany, Gibraltar, Greece, Guatemala, Honduras, Hong Kong, Iceland, India, Republic of Ireland, Isle of Man, Israel, Italy, Jamaica, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Moldova, Netherlands, New Zealand, Nicaragua, Nigeria, Norway, Panama, Poland, Portugal, Puerto Rico, Romania, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates, United Kingdom, United States.

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: Emotiq

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Who will become the most scalable blockchain ready for mainstream adoption?

Emotiq is yet another contender in the “next-generation blockchain” space that claims powerful scalability and privacy while making smart contracts easier and more accessible.

In their own words, they want to be the Apple of blockchain vs. other blockchains, which are more like Android and Windows (don’t shoot the messenger). Emotiq is developing a blockchain interface so friendly and natural that even kids will be able to use it! Quite the claim when you consider that most adults can’t currently use blockchain!

Emotiq’s smart contracts are written in Ring, a plain English programming language that’s as easy as reading the news. Not only does Emotiq offer an easy way to read and write smart contracts, but it will also support most Ethereum smart contracts (written in Solidity).

Emotiq is aiming at processing 1 million transactions per second, using zero-knowledge proofs for transaction privacy, and scaling through sharding. Secure cryptographic purging of spent transactions will ensure that Emotiq’s blockchain stays small and manageable.

Emotiq, like other similar projects, will allow for ICOs and DApps. Also, it will feature a decentralized exchange.

In essence, Emotiq wants to be the next Ethereum or Stellar but scalable, private, and accessible.

Token

There will be 1 billion total Emotiq (EMTQ), which will be distributed as follows.

  • 51.3% token sale
  • 16.7% development
  • 10% marketing and ecosystem
  • 10% reserve
  • 10% team
  • 2% advisors and backers

EMTQ is deflationary (max token supply decreases over time). A fixed percentage of yearly transaction fees will be burned. This will be done to increase the value of EMTQ and also to help prevent attacks on the EMTQ network.

In terms of its usage, Emotiq’s FAQ page says that EMTQ will be used the same way that ETH is used for Ethereum. In other words, we can expect EMTQ to be used to pay for resource consumption (sending payments, paying for services, creating child tokens/launching ICOs, etc.) on the Emotiq network.

There will be no public sale but Emotiq is currently in its third round of private sale (4 rounds total). If you are interested in participating in the private sale, contact sales@emotiq.ch with information about you / your fund, allocation you are interested in, and how you can help Emotiq grow.

Here are the details of private sale rounds and seed round thus far:

  • Seed – 150m EMTQ (15% of max supply), $2m cap, 100% lockup – linear release beginning 3 months after mainnet launch (12.5% per month)
  • Private round 1 – 140m EMTQ (14% of max supply), $9.8m cap, 50% released and 50% lockup – locked up tokens are released linearly starting 1 month after mainnet launch (20% each month)
  • Private round 2 – 60m EMTQ (6% of max supply), $6m cap, 70% released and 30% lockup – locked up tokens are released linearly starting 1 month after mainnet launch (33.3% per month)
  • Private round 3 (ongoing) – 139m EMTQ (13.9% of max supply), $18m cap, 75% released and 25% lockup – locked up tokens are released linearly starting 1 month after mainnet launch (33.3% per month)
  • Private round 4 – 23.5m EMTQ (2.35% of max supply), $3.2m cap, no lockup

Private sale inquirers who are deemed qualified will receive further details about past rounds, such as price.

Token sale proceeds will be used to do things like expand the Emotiq ecosystem through educational programs, build a top-notch research team, explore different smart contract languages for their ability to accelerate mass adoption, and provide venture funding for Emotiq-based projects.

Team

Emotiq is led by CEO Joel Reymont, who has 25 years of experience in technology and management. For example, he was Director of Prime Brokerage Technology at Deutsche Bank and CTO of Aeternity, another popular blockchain project.

Ann Soederblom, VP of Marketing – Soederblom has worked as a project manager for multinational companies like Citigroup and Holcim (8th largest Swiss company by revenue) and also runs her own marketing agency.

Vladimir Lebedev, VP of Engineering – Lebedev has an impressive background, having served as CTO of the Russian stock exchange, executive at VEON (telecoms company with more than 200m subscribers), executive at Mail.Ru group (biggest Russian Internet media company), and executive at Sberbank (biggest Eastern European bank).

Verdict

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

Risks

  • Bold claims (1m transactions per second and so on) but no mainnet (launch “expected” end of Q4 2018) or even testnet yet (-0.5)
  • Some tokens released after mainnet launch – what if there are problems with launch? Has happened before (-0.5)
  • Lacking in hype thus far (-0.5)

Growth Potential

  • Decently experienced team (+4)
  • Based in “Crypto Valley” (Zug, Switzerland) – favorable regulatory environment and good ecosystem to be a part of (similar to how being a tech company in Silicon Valley means proximity to leading members of the tech community) (+3)

Disposition

Though Emotiq’s ambitions are bold and they have a strong team and favorable working environment (Crypto Valley), their ambitions are as of yet unsubstantiated and hype regarding the project is – to date – lackluster.

Emotiq receives a 5.5/10.

Investment Details

  • Type: Native – Utility
  • Symbol: EMTQ
  • Platform: Native
  • Crowdsale: Private sale ongoing
  • Minimum Investment: $100k
  • Price: Contact sales@emotiq.ch for more info
  • Hard Cap: $39m
  • Payments Accepted: ETH
  • Restricted from Participating: Iran, Sudan, Libya, Syria, North Korea and the rest of the countries on the US sanction list are restricted from participating. Accredited investors from the US are allowed to participate.

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: Industry Token

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The team behind Industry Token (INDST) wants to create a way for hospitality, service, and travel merchants to transact while eliminating typical industry downsides like fraud and transaction fees. Low volatility will be another feature of Industry Tokens as volatility is an issue that plagues current cryptocurrencies and tokens.

The inherent nature of blockchain technology will allow for lower chance of fraud than traditional payment methods as well as give consumers the ability to privatize transactions so that consumers can own their data unless they permit sharing of it with marketers and vendors.

Here is a more detailed list of some problems that merchants in the aforementioned industries face and how Industry Token aims to solve them (in bold):

  • Fears of accepting cryptocurrency due to market volatility
    • Guaranteed merchant accounts – transactions accepted by merchants will have a fiat currency value that is determined by the market rate of the tokens at time of transaction. This fiat currency value is maintained until merchants cash out to a fiat currency, protecting against volatility in token price (merchants can also opt for a market value account to take advantage of any potential gains in market rate of transacted tokens)
  • Bank interchange fees for debit and credit cards – anywhere from .8% to 5% or more
    • 1.5% transaction fee (+0.5% to offer rewards program to customers)
  • Chargebacks – companies with chargebacks are guilty until proven innocent and have to deal with chargeback fees, use of labor to research chargeback claims, or even taking a full loss for the amount of the fraudulent transaction
    • No risk of fraud or chargebacks
  • Payment Card Industry (PCI) compliance – fines up to $500,000 and potential loss of ability to take credit cards
    • No PCI compliance risk

Here are some consumer problems and solutions to them that Industry Token will offer.

  • Privacy and data security – consumer transaction data is sold so that consumers can be retargeted with ads for past purchases, and data can be stolen in the process
    • Consumers opt-in to share data (resulting in revenue share depending on how much data is shared) and no risk of stolen payment information
  • Tip fraud
    • Elimination of fraudulent tip adjustments
  • Currency exchange and foreign transaction fees
    • No currency exchange or foreign transaction fees
  • No simple way for rewards redemption
    • Tiered rewards system

The Industry Token team sees Industry Token as being potentially helpful for businesses and organizations, such as restaurants, bars, nightclubs, hotels, casinos, stadiums, festivals, tourism boards, and entertainment venues.

For more details, take a look at Industry Token’s whitepaper.

Token

The team aims to incentivize use of INDST by providing better rewards and redemption methods than those currently available thanks to the team’s relationships with hospitality and travel vendors.

The Industry Token consensus mechanism will be Proof of Stake, which will incentivize users of Industry Token to hold Industry tokens as well so that they can potentially earn block rewards.

Besides the above, other aspects of the INDST token economy haven’t been highlighted (other than paying for hospitality, service, and travel goods and services from participating merchants).

There will be 1 billion total INDST, with 450 million (45%) sold in the token sale. The rest of the token distribution is as follows.

  1. 20% team reserve
  2. 10% guaranteed merchant reserve
  3. 9.8% advisors reserve
  4. 5% rewards reserve
  5. 5% consumer reserve
  6. 5% credit program reserve
  7. 0.2% airdrop

Proceeds from the token sale will be used for technology development (40%), sales/marketing/community development (35%), legal (10%), and special projects (15%).

Team and advisor tokens have a 2-year vesting schedule.

The project is currently having a family and friends round; interested investors should email CEO Varun Villait at varun@industry.co.

Team

The team behind Industry Token runs Industry, a community for hospitality professionals in the United States to find jobs, network, and connect with one another.

The Industry team has relationships with relevant companies and organizations in the space like Cohn Restaurant Group, Caesars Entertainment, Hakkasan, tendergreens, Karl Strauss Brewing Company, True Food kitchen, FRC, Topgolf, The Cheesecake Factory, Apple, Centerplate, and more.

Advisors

Advisors include individuals both in the hospitality and cryptocurrency spaces:

Oliver Kremer – owner of Dos Toros, a popular NYC-based burrito chain

Adam Koral, managing partner of The h.wood Group, a Los Angeles-based lifestyle group (nightlife, private events, etc.) that did $35m in revenue in 2016

Justin Wu – head of growth at Coincircle, which helps established companies come up with crypto token offerings

Verdict

Below is a breakdown of the risks and growth potential of Industry Token.

Risks

  • Is this project really necessary? What’s to stop users from using other, more established cryptocurrencies, if cryptocurrency takes off in hospitality, service, and travel? (-1)
  • Very early (private round) but low hype thus far (-0.5)
  • High hard cap for what they are building (-0.5)
  • Example of how Industry Token would work (Section 7e) seems pretty complicated (-0.5)

Growth Potential

  • The team has relevant experience (+3)
  • Relevant advisors and industry relationships (+2)
  • Working with the SEC to make their offering regulatory-compliant (Section 13 of whitepaper) (+2)

Disposition

  • Industry Token is aiming to improve the various inefficiencies in some of the world’s most popular (but inefficient industries) and have a team and advisory board that seem capable. Plus, they are working to be an SEC-compliant offering, which may give US-based investors in particular some relief. However, lack of a real use case, high hard cap, and lack of hype (for now) make investing in this ICO questionable.
  • Industry Token receives a 5.5/10

Investment Details

  • Type: ERC20 – Security (eventually migration to native blockchain)
  • Symbol: INDST
  • Platform: Ethereum (then native)
  • Crowdsale: TBA
  • Minimum Investment: $100 USD
  • Price: 1 INDST = $0.15
  • Hard Cap: $41.6m
  • Payments Accepted: BTC, ETH, LTC, USD (credit card and wire)
  • 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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