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ICO Analysis: Enigma

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Let’s be up front: Enigma’s team is more likely a problem than not. From our sister site’s Francisco Memoria:

While trying to know more about the incident and help other users know about it, redditors found out that Enigma CEO Guy Zyskind’s email had been accessed by the hacker. His email, according to reports, had been dumped on the internet in the past due to other services being compromised. After these occurrences, Zyskind reportedly never changes his password, and no two-factor authentication was enabled.

This is front-loaded for obvious reasons. Due to very simple measures that could have been taken, potential investors have already had their hopes dashed and money taken. This incident, no matter how many ICO publications or analysts give Enigma a high rating and a pass, will affect the funding for Enigma. Whosoever wishes to can simply start campaigning with the hacked information around the beginning of the sale, to remind everyone, erstwhile launching a separate implementation of the same platform.

That out of the way, what is Enigma?

Enigma is designed to connect to an existing blockchain and off-load private and intensive computations to an off-chain network. All transactions are facilitated by the blockchain, which enforces access-control based on digital signatures and programmable permissions.

Does this remind you of anything? Oh, perhaps, the Supercomputer Organized by Mining (SONM)? If so, good. Because from a high-level, the services of this kind offered are indistinguishable, but SONM lacks any of the aforementioned intrigues.

Enigma is also intended to be used as a data marketplace, which is what we’re here to talk about, really:

Off-chain nodes construct a distributed database. Each node has a distinct view of shares and encrypted data so that the computation process is guaranteed to be privacy-preserving and fault tolerant. It is also possible to store large public data (e.g., files) unencrypted and link them to the blockchain.

Okay, what about Catalyst?

Make no mistake. Things are intentionally confusing and complex in the ICO market. Often, if someone feels humbled, they will give their money over in the belief that the other party will know better what to do with it.

In any case, Catalyst is, among other things, another play in the market information space. Our upcoming review of Red Pulse will illustrate yet another example of this type of product being launched, but here is a very succinct description of Catalyst:

[…] A tool that makes it easier to make educated investment decisions in crypto-assets, based on a data-driven approach. Catalyst is a set of applications and the infrastructure to drive better investment strategies, hence increasing the adoption of crypto-assets.

It is also the “first application on the Enigma protocol.” The Enigma protocol uses the ENG token. All of this is being launched simultaneously, we understand. Assuming the Enigma data marketplace takes off, what we are being presented is a platform that will allow people to build highly-informed trading bots among other applications that rely on real-time information. The data will not be free, it will be paid for in ENG tokens. This is the idea. Not just bots, but anything. We signed up to see what it looks like. After some doing, we got the test bot running. Its algorithm is the buy and hold strategy, and it it outputs the following on the host computer:

We can see how this will come in handy, for many different applications, across industries. Financial markets may be the first to embrace and adopt, but others will follow if the snowball begins rolling. It’s not hard to imagine, if the data is available and affordable, many advanced real-time data consumption applications being developed atop the protocol.

Over-time, it is our hope that the long-tail of data-sets curated by the community would outpace our own ability to generate interesting data. Such a network effect would be highly beneficial to developers using our platform.

So the value proposition is that great applications will have immediate access to quality, verifiable data for many purposes. Financial applications will obviously be the most growth-producing. Now let’s see what we can derive about the token itself.

ENG Token

We won’t talk about the pre-sale that is supposed to be on-going, because we do not want anyone eager to shoot themselves in the foot to go ahead and do so. It will be difficult for anyone to trust a “new presale” announcement, so any such would be a bad metric by which to measure the performance of the funding round.

So we will talk about the actual ICO token generation event, which begins on 9/11/2017 and will yield 100 million tokens, 25 million of which the Enigma firm will retain for its own purposes, another 25 million of which will be given away, and 50 million of which will be available for purchase.

The tokens value will be in incentivizing and paying for data on the platform. Thus, we have a three-level system here – the data market is the bottom layer, Catalyst is the second, and on Catalyst other applications depend in order to provide utility. The last part is crucial to success, and the volume of projects which crop up in that category is a good way to measure the health of the project.

Competitors In The Field Are Active & Possibly Quite Superior

We will be reviewing Red Pulse very soon, but if you have a look at their website, it’s not hard to extrapolate that they could pretty easily expand their own platform to fully encompass everything that Enigma is up to. With all due respect to the actually brilliant authors of the Enigma whitepaper and the company, Enigma might not be the best play in this field. Having your e-mail hacked is potentially forgivable, but less so when it was quite avoidable. Being MIT graduates and technically-minded individuals, that this took place gives rise to the quiet suspicion of a pre-sale scam conducted from inside.

The Verdict

This will be one of the longer verdicts this analyst enters, so that it is fully understood why he is concluding rather divergently from others in his field. For starters, we have to consider all the angles that are introduced when a pre-sale theft/hack occurs. It’s not relevant how guilty the team are, unless they were complicit, but the perception that they are guilty of bad security is prevalent. In our own Hacked.com community, more than one regular ICO investor has already stated there is no coming back from this. We have to account for pessimism and its ability to take an in-progress funding round to an eventual refund round.

Risk

  • The team were not prepared to start this project. Calling yourself “an MIT-bred team of experts, backed by top-tier investors,” MIT being the birthplace of hacking and one of the leading genius incubators in the world, was essentially daring hackers to see what they could see. They would have been targeted anyway, but some preparedness could have gone a long way. All of the above firmly in mind, we score Enigma a 0 in terms of team quality. Under the current model, this means a negative carry of 4 points. Off the top.
  • Building on the above point, it will be difficult to get developers or companies excited to work with a company that already has horrible optics in the technosphere. Without these applications, you have nothing here. -2
  • In the event that applications are built, they will need data. Again, the reputation is going to make this a less attractive place to collate and sell data than others. -1

Growth Potential

  • This analyst is cautious to suggest that this project will take off, however, the potential for growth is there. In the cryptocurrency world, we’ve seen companies recover from worse, but we’ve also seen companies do much worse. The thinking of many in the community will be that we should probably not enable Enigma to do much worse.
    • This being the case, there is still a lot of potential in this platform. Whitelabeling the applications is a possible way to avoid the negative name recognition in the short-term, for development teams who still want to build on Catalyst. We can foresee at least a few of these doing so, and so we feel okay giving some points back: +5. (Idea can work.)
  • They have some software that works. It’s very basic. It would have been preferable that they built a fully-fledged product to offer in addition, of the sort that others are expected to build down the line. We see the reason that they rushed to market as a matter of timing, so we forgive that too. +4
  • Although we assert that they may not have personally been prepared to conduct the ICO phase of their project, we can say that they are motivated to achieve their milestones, and this is encouraging for a token holder. +2

Disposition

Numerically, for the present time, we land on a score of 4/10 for Enigma. When the sale has begun and the market begins to speak, we can move this needle in either direction. The author welcomes feedback in this regard. Again, no change to this score will be made before the market has begun to speak on the subject.

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

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




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4 Comments

4 Comments

  1. embersburnbrightly

    August 26, 2017 at 6:11 pm

    I continue to really enjoy your reviews, and the fact that you evaluate coins looking at them from many different multiple angles; even re-evaluating and updating scores at different points in time as seems appropriate. You are a true asset to this site.

  2. NoHomeJerome

    August 27, 2017 at 12:00 am

    You haven’t included in our analysis (and score) the fact that they announced they will fully refund the $500K stolen with the hack. Do you think this fact is relevant and should influence your assessment in either direction?

    • P. H. Madore

      August 27, 2017 at 12:44 am

      Well, it can be taken both ways. That money is obviously coming from somewhere that it could have been better used. That they’re giving it back is good for the people who were robbed, but it doesn’t do much, no, to move the needle upward for them, in this viewpoint. However, the market could be more forgiving, like I said, and if I notice that, I’m going to upgrade some because for the many reasons I mentioned it is a solid idea. Unfortunately my confidence is low that people will race to get these tokens.

      • NoHomeJerome

        August 28, 2017 at 9:21 am

        I mostly agree with you. However, based on some observations around the pre-sale it went pretty well (easily reached the $20M target) and investors didn’t seem too worried abut the hack. (even before the refund of stolen funds was confirmed). So, I assume optimism still greatly out-weights the security lapse. I assume for the $10M of the public ICO demand will outweigh supply.

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ICO

ICO Analysis: Platio

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It is hard to be an inhabitant of the crypto-world for sure. Remember your first time using a fiat gateway to buy Bitcoin, sending it to a cryptocurrency exchange, executing orders to obtain other cryptocurrencies? For newcomers, all these are not easy and for experienced crypto investors, it is still tedious to move funds from one place to another. You need to use multiple wallets to store different coins, keep your private keys safe and there are only a few platforms to exchange your crypto-assets with actual fiat currencies and traditional assets.

Platio is an all-in-one platform built on the EOS blockchain, connecting the two different worlds of crypto-currencies and traditional assets and providing banking services for crypto and fiat currencies and brokerage for stocks. It allows crypto-investors to store, send and receive their cryptocurrencies while enabling them to trade these with fiat and even stocks. Having already obtained UK and EU licenses, Platio is aiming to become the decentralized banking hub for all cryptocurrency and fiat money activities.

Asset Guard is a smart-contract based Platio product which is designed to protect the platform user’s assets against the high market volatility or the loss of access that can occur for several reasons such as the user’s death or simply losing his or her private keys. Auto Exchange smart contracts contain pre-set conditions to be executed when they are met, so the user’s assets stop further losses. This allows him or her to not constantly check his or her portfolio. It is possible for platform users to pre-set a certain period of time so that if the wallet is not activated for this period, the chosen assets are transferred to another wallet which the wallet owner previously chooses. This ensures that in unfortunate circumstances that the owner might find himself or herself in, assets stored in the platform are not lost forever.

Smart Escrow is another Platio product, designed to increase the commercial use of the platform by businesses and individuals. In the absence of an escrow service for shopping with crypto-assets, there is no way to make sure that the seller sends the product, or the buyer sends the amount of money for the transaction. Thanks to Smart Escrow, Platio users can chat in the internal messenger app, determine conditions for deals and once it is established that these conditions are met, the assets in the escrow will be transferred. Furthermore, thanks to Platio’s Merchant Processing API, sellers will be able to get easily paid by several means such as cards, cryptocurrencies, and SWIFT transfers.

Token

PGAS tokens will be used for internal transactions such as commissions, fees, and subscriptions. When the token is used for transactions, discounts depending on the user’s platform activity and subscription will apply as well. Half of platform commissions will be burned until no more than 10% of PGAS tokens are in circulation, decreasing (circulating) supply of PGAS and possibly pushing the price higher.

The ICO investor should note that the public pre-sale contributors are offered to buy their tokens with a bonus of 15%. In the first two days of the public sale, between November 26th and 28th, a bonus of 8% will be presented, so this bonus offered to the public pre-sale contributors should not worry the ICO investor as it isn’t as significant as bonuses for other ICOs. It should be also noted that any unsold token will be burned.

The initial total supply of PGAS is 397,500,000 tokens with the following token distribution:

  1. 65% token sale participants
  2. 25% founders and team
  3. 8% advisors
  4. 2% bounty

The team is planning to use the token sale proceeds as follows.

  1. 40% research and development, infrastructure and product development
  2. 30% customer acquisition and marketing
  3. 15% liquidity pool
  4. 15% regulatory and legal

Team

CTO Dzmitry Lapo: Lapo has worked as a development advisor at Sberbank-Technology and as a solution architect at EPAM Systems.

CFO Irina Berkon: Berkon was the director of finance at MogulTube and an audit manager at Grant Thornton.

Anna Makovnikova: Makovnikova has worked for Samsung Electronics Kiev and SMART Technologies Calgary.

Advisors

Maxim Nogotkov: Nogotkov is the founder and the chairman of Svyaznoybank, a Russian retail company. Previously he founded Pandora’s Russian franchise in Moscow.

Partners

Ripple: Platio’s partnership with Ripple enables the project to use Ripple’s xVia for overseas transactions.

Verdict

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

Risks

  • No public working product as of the time of writing. (-2)

Growth Potential

  • The team already has obtained UK and EU fiat and crypto licenses. (+4)
  • The proposed, all-in-one platform should satisfy most investors’ needs. (+2.5)

Disposition

For people who are not tech-savvy, it is hard to get into the cryptocurrency market, buying their first crypto-assets and storing them safely. Even if one is experienced enough, as there are not many platforms which provide all services sufficient for a smooth crypto-experience, it is a hassle to use several different exchanges to buy currencies and store them in different wallets. Platio provides an extensive range of services, aiming to become an all-in-one point of service for crypto-verse inhabitants. The Asset Guard product helps users to protect their wealth by pre-set conditions to process orders when they are met and allows them to send their tokens to a pre-determined person if their wallet is not activated for a predetermined period. The Smart Escrow product enables businesses and individuals to set success conditions, established between a buyer and a seller so that unless these conditions are met, their assets and products are kept in an escrow account safely. It is praiseworthy that the team has already obtained fiat and crypto licenses to work in UK and EU, meaning that once the platform is ready, they will not have any legal problem to launch it. The platform is designed to satisfy all of any investor’s needs, which is another important pro. Still, it is a source of worry that no working product is made public as of the time of writing. Platio receives a 4.5/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: PGAS
  • Platform: Ethereum
  • Crowdsale: November 26th
  • Minimum Investment: Unspecified
  • Price: €0.20
  • Hard Cap: €34,500,000
  • Payments Accepted: BTC, ETH, DASH and EUR
  • Restricted from Participating: Singapore, the United States.

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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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4.8 stars on average, based on 32 rated posts




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ICO Analysis: Unboxed Network

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Companies spent an excess of $5 million for a 30-second spot in last years Super Bowl, which gathered 105 million viewers. Kim Kardashian recently told a story about how, out of respect for her husband, she turned down a $1 million marketing offer. All she had to do was make one Instagram post to her 119 million followers, promoting a knockoff Yeezy brand.

Kim’s sister Kylie uses her 120 million Instagram followers to sell her own products, which has earned her nearly $1 billion. There is clearly a lot of untapped power in influencer marketing, and companies are catching on.

According to the whitepaper, businesses spend $36 billion a year on Facebook ads alone. A lot of that is wasted because they can’t reach their target demos. Unboxed Network (est. 2014) puts these businesses in contact with specific target market micro-influencers that match what they are selling.

“The aim of the Unboxed Network is to offer the simplicity of Facebook Ads combined with the cost efficiency of an influencer marketing campaign, all on a single platform.”

Here’s how it works:

  • Any advertiser that wants to launch a campaign puts funds to escrow and provides their goals and influencer criteria (interests, location, gender etc).
  • Unboxed takes that info and plugs it into their blockchain oracles backed by AI, to invite the best matching social media influencers to get engaged with the campaign.
  • The influencers who get invited to the campaign create some sort of photo or video content that gets reviewed and approved by the blockchain oracles.
  • Influencers then post the approved content for the target market to engage with.
  • The influencers and oracles are then paid for posting and engaging

Micro influencers are so great for marketing because they are followed by people who trust their opinions. A certain percentage of Kylie’s followers will literally buy anything she puts in front of their faces. Unboxed already have thousands of micro-influencers in their network. And although they don’t have as many followers as Kylie, the followers they do have are real and trusting. Instead of paying one giant celebrity a fat check to run a single ad, brands will use Unboxed system to run their ads through special oracles that use AI to sift through their tens of thousand of micro-influencers to find the best influencers to match their specific campaign. Hitting the target market every time.

Token

NBOX token is based on Ethereum. It is what gives brands access to the platform, and what all micro-influencers are paid in.

Token holders gain exclusive offers from brands and will be able to exchange tokens for branded good and services. They can also use them to  access to the platform’s influencer took-kit.

 

Distribution:

  • 51% Crowd sale
  • 19% Team, advisors, partners
  • 15% Reserve fund for future financing
  • 10% Customer and blockchain oracles acquisition
  • 5% Airdrop and referral program

Team

Tadas Deksnys – Founder/CEO. Sold first venture at 18 . Build and sold a pet owner marketplace in 2014 before founding Unboxed.

Donatas Smailys – CBDO. Was CEO of a startup incubator backed by the biggest tech university in Lithuania. Member of Digital Leaders group at World Economic Forum. Organizer of TEDxKaunas, public speaker. Executive manager of Lithuanian Startups Association

Dovydas Reinikevičius – CMO. Founder of BeeMarketing, a digital marketing agency that did campaigns for big companies like Mcdonalds.

Vytenis Narušis – CTO.  Devbridge Group. Developed software for multinational multi-million revenue, organizations like Chicago Mercantile Exchange, Louis Dreyfus and Morningstar.

Verdict

The Unboxed Network is the only freemium platform that allows businesses to launch high quality and low-cost word-of-mouth campaigns within seconds. Here are some of their current and past clients.

Risks

  • Standard Ethereum risks. They do acknowledge this in their whitepaper, though: “Due to the increasing supply and adoption of new Blockchains like EOS, Stellar etc. that could potentially offer the necessary functionalities in a more efficient and/or less expensive way, we may consider using alternative solutions to the Ethereum blockchain in the future.” -1
  • It’s very common for online companies, such as this one, that have been around a few years, to do an ICO for their “new decentralized blockchain” business. 99% of them have failed or are currently struggling. -1
  • The token use case is pretty weak and doesn’t seem to stable. -1
  • The coolest part of their project, the oracles, aren’t even complete or operating at all yet. -3
  • Their roadmap is a joke. They already failed to deliver the oracles in early 2018. -2

Growth Potential

  • Brands “pay 50% less per engagement: no middlemen, no fees, no management required. Increase your return on investment (ROI) on your social media spend.”+2
  • According to their whitepaper, they are successfully operating in 10 markets, and already have a strategy in place for global expansion. They have researched and ranked countries based on a wide range of criteria and will be using their information to facilitate growth over the next 3-4 years.+2
  • “There are no limits to the number of accounts a company can have or the number of campaigns they want to run. With Unboxed, scope is limitless.”+3
  • Influencer marketing is booming because it’s so effective. According to Tomoson, businesses are making $6.50 for every $1 spent.+4
  • They have been around since 2014. And have a leg up on the competition. +3

Disposition

There is no doubting the effectiveness of influencer marketing. Can Unboxed actually create and implement their unique AI-powered oracle solution? Well, that’s the million dollar question. 6/10

Investment Details

Featured image courtesy of Shutterstock.

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

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4.2 stars on average, based on 26 rated postsJoshua Larson is also known as the "Bullshit Man" for his ability to spot it a mile away. Avid ICO researcher and contributor. Former professional poker player/backer. Spent 10 years analyzing hand history, stats, and player data. Discovered blockchain in late 2016, and never looked back. He now uses his analysis skills to investigate ICOs full time. What a perfect match, because in today's crazy world of ICOs, information, passion, and diligence = dollar bills!




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ICO Analysis: 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.

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4.9 stars on average, based on 12 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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