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ICO Analysis: Ethearnal

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There is a profound shift underway in the labor market: many people are disavowing traditional 9-5 employment in favor of the ever-growing ‘gig economy’ – a phrase that describes the bustling world of freelancing and short-term contracts. Although the transition partly reflects the breakdown of stable employment opportunities, it also taps into an even bigger desire for freedom and flexibility. For many, a steady biweekly pay check is worth sacrificing for the flexibility that freelancing offers.

It therefore comes as no surprise that freelancers make up the fastest growing segment of the U.S. labor force; combined, the nation’s 57 million freelancers contribute $1.4 trillion annually to the economy. According to at least one study, freelancers are set to become the majority of the U.S. workforce in the next decade.

Of course, this trend isn’t limited to the United States, but globally as well, with websites like Upwork, TopTal and Freelancer attracting millions of professionals from around the world.

Ethearnal is marketing itself as one of the first peer-to-peer freelancing platforms powered by blockchain and trustless smart contracts. More specifically, it is a reputation management system that allows freelancers to monetize their standing within the network.

Through smart contract-based escrow, freelancers and employers can get to work on projects knowing there is a clear and transparent mechanism for distributing payments. This agreement is backed up by a network of moderators that have built-in incentive to resolve any issues between the two parties.

Because it operates on the blockchain, Ethearnal attempts to sidestep third-party websites that take hefty fees for connecting freelancers and employers.

Token

Ethearnal is developing an ERC-20 compliant token called ERT that will connect freelancers with employers via smart contract. The platform that connects these stakeholders will provide many of the bells and whistles offered by current freelance websites, with the added benefits of lower costs, profit-sharing and opportunities for moderators to resolve disputes for a fee.

According to the whitepaper, the token sale proposes an hourly cap to give more investors the opportunity to own ERT tokens. In other words, Ethearnal plans to increase the hourly ICO limit in regular intervals until the crowdraise is over.

After delays, the public ICO is now scheduled to begin Feb. 28.

Team

Ethearnal is run by co-founders Stanislav Uzunchev and Vladimir Vladimirov, who have a combined 28 years of experience running online businesses. The team also employs three developers and three additional smart contract auditors.

The personnel behind Ethearnal appear more than capable of carrying out the project, although there does appear to be a lack of blockchain experience at the senior management level.

Verdict

If timing is everything, Ethearnal stands to benefit greatly from the growing shift toward toward the gig economy. The concept of tokenizing reputation will also appeal to freelancers, who are constantly trying to promote their competitive advantage.

Where Ethearnal can really add value is by addressing excessive fees that are currently bogging down the freelancing community. Although platforms like Upwork have introduced a sliding fee scale, freelancers who do not qualify for the lowest payment are forking over as much as 20% of their contract’s value.

Recently, the platform announced the 20% fee would apply to the first $500 the freelancer bills his or her client. It then drops to 10% for billings between $500 and $10,000 before dropping to 5% on all remaining billings.

Risks

  • The author has some concerns about Ethearnal’s business model. Although the whitepaper doesn’t contain much information about the business, it clearly states that the platform does not intend to make money post-ICO.  Token holders should expect to receive profits from the platform, but it is not entirely clear what that breakdown looks like. You would think these details would have made the whitepaper. The only tangible information on profits is found in the section that talks about earning money as a moderator. -2
  • Naturally, Ethearnal has plenty of competition from third-party websites as well as other blockchain projects. There are several freelancing projects underway, including Blocklancer, FreelancerCoin, Coinlancer and Native Currency. -2
  • The project has an aggressive roadmap with major milestones slated for each quarter through 2019. This could be problematic from an implementation perspective because Ethearnal is giving token holders a say in when the funds are allocated (see the discussion on “ICO 2.0” in the Growth Potential section). From what we can tell, the project has already experienced delays. -1

Growth Potential

  • The freelancing economy is absolutely massive in scale, with more professionals slowly transitioning away from the office. Ethearnal is potentially on the cusp of this exponential growth. And because all freelancing platforms depend on reputation to some degree, the company is marketing itself correctly through the slogan, “tokenized reputation.” +3
  • As the whitepaper states, the Ethearnal platform is considering a fee of between zero and 1% that “goes back to the system to support proper initiatives.” If it can pull this off, it will easily become one of the most competitive platforms for freelancers. +3
  • The smart contract system is brilliant for freelancers and employers because it provides secure funding and a pre-defined time limit to deliver the contract. A failure to do so will see the totality of the funds returned to the owner. If any industry can really benefit from added transparency around payment, it’s definitely the gig economy (every freelancer who is reading this has been burned at least once). +3
  • The platform’s “ICO 2.0” model mirrors Vitalik Buterin’s recently announced DAICO concept, bringing much needed transparency and accountability to the crowdsale. After the token raise, only 10% of the funds will be accessible to the Ethearnal team. The rest will remain locked in escrow until the company can convince token holders it is following through on its promises. This should alleviate concerns about funding allocation post-ICO. +2

Disposition

The author has spent many years working as an independent contractor and recruiting freelancers for various gig economy jobs. Naturally, I have a bias in favor of projects that make my job easier and more exciting. Nevertheless, we have tried to be as balanced as possible in this review, and feel that a final score of 6 out of 10 is warranted.

Investment Details

  • Token Type: Utility
  • Platform: Ethereum
  • Symbol: ERT
  • Pre-sale: Ongoing
  • Token Sale: Feb. 27 – Mar. 31, 2018
  • Token Supply:  40 million
  • Tokens Available for Sale: 30 million
  • Hard Cap: 30,000 ETH
  • Price: 1,000 ERT = 1 ETH
  • Payments Accepted: ETH
  • Jurisdictions Barred from Participating: Section K of the Terms of Token Sale list geographical limitations.

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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4.6 stars on average, based on 691 rated postsSam Bourgi is Chief Editor to Hacked.com, where he leads content development for one of the world's foremost cryptocurrency resources. Over the past eight years Sam has authored more than 10,000 articles and over 40 whitepapers in the fields of labor market economics, emerging technologies, cryptocurrency and traditional finance. Sam's work has been featured in and cited by some of the world's leading newscasts, including Barron's, CBOE and Forbes. Contact: sam@hacked.com Twitter: @hsbourgi




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1 Comment

  1. Haspel

    January 31, 2018 at 1:54 pm

    I wish you guys would do more extensive ICO reviews. How can you write a review and give a rating without saying anything about their competition, on and offchain? You should’ve at least mentioned Coinlancer. I would like to know more about token utility and MVP too. All the recent review posted are of very little use. Not worth my money.

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ICO

ICO Analysis: OATH Protocol

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OATH Protocol wants to build an analog of a decentralized dispute resolution system modeling the common-juror system. In their view, this will solve the solution to the blockchain governance problem.

OATH Protocol wants to provide a solution to the Blockchain Governance system.

In order to do this the company plans to:

  • increase the usability of smart contracts by providing an easy to use user-friendly smart contract creation tool
  • creating a decentralized jury community, comprised of members with diverse backgrounds and areas of expertise
  • invites users from all communities to not only provide governance for the dApp they support but also for other ecosystems.

The protocol’s main advantages include:

  • Trust – all data is hashed on a blockchain.
  • Confidentiality – all jury members data of confidential.
  • Dynamicity – protocol will ensure that different jurors will be resolving multiple cases to avoid a collision and ensure the integrity.
  • Fairness – protocol will ensure random jurors selection based on a variety of factors as gender, background, age, etc. to have full objectivity.
  • Incentive – a mechanism to motivate jurors for participating and assign them credit.
  • Autonomy – parties mutually set rules that they would be bound by.
  • Transparency – jury votes are disclosed to the community after resolution.
  • Archive – protocol allows keeping all data in a structured irrecoverable way.

Use cases include, but are not limited to, the following:

  • E-commerce, which involves a variety of disputes, such as quality problems, missing pieces, broken product, etc. OATH jury will resolve each dispute based on user-provided testimony.
  • OTC trade of digital assets.
  • Disputes involving decentralized property rent.
  • Decentralized moderation.
  • Oracle for betting.
  • public chain governance.

So basically OATH is a decentralized agnostic protocol that offers a solution to of decentralized governance to all blockchains and Dapps.

Blockchain architecture is highlighted below:

OATH Protocol is an agnostic blockchain which may be integrated into other Daps and public chains.

The chain contains two main files:

  • Case ledger, which includes all information such as contracts, verdicts, voting reasons, selected jurors.
  • IPFS (InterPlanetary File System), which is a network designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system. It replaces traditional domain names with content addresses so that users don’t have to consider names and paths of file storage.

Token

The total token supply is: 10,000,000,000 ERC-20 tokens (OATH).

Token use is summarized below:

  • Engagement between participants/granting access to the platform
  • Internal currency

Tokens are earned as nodes, disputes resolution and community services.

Team

We see a well-balanced team with a diverse background in tech, business, and law. Yin Xu, CEO, won several awards for best mobile application.

Jenny Vatrenko, COO, is an influential lawyer and  former litigator at Boles Shiller. She is active on the group’s Telegram channel.

Hongwei Wang has a strong technical background, including eight years of combined experience at Google and other tech-focused companies in China.

On the advisor side, we see people from Zefund, Qidain Capital, Continue Capital, a founder of an EOS supernode and energy startup NAD. Advisors cover the main focus groups: technology, business and legal. Jia Tian is a notable advisor who worked at Baidu and Alibaba, and is a big investor in Bitfinex Dafeng Guo. Tian worked for big investment banks like Morgan Stanley and Goldman.

Zainan Zuo is another notable advisor who serves as a core developer at Ethereum, and is a main developer of the ERC-1202 standard for Ethereum.

Investors

Several notable investors from the VC and blockchain worlds are also worth mentioning. While most are medium-sized funds, Quarkchain is among them. Quarkchain was a top ROI project during the second quarter of this year. EOS Asia and NEM are also partnering with OATH.

Verdict

In general, the project looks interesting. The team has the necessary technical skills to implement the product. We see the support of smart money. The very idea of the product itself is exciting. The decentralized dispute resolution system, which can be used both as a means of resolving disputes between traditional subjects in arbitration and within a decentralized system, deserves interest.

Risks

  • The project does not have MVP, only active Github. -1
  • Low public activity. -0.75

Growth Potential

  • The strong point is that it is an agnostic protocol so that it can be plugged to any blockchain and provide additional value to that respected network with their service. +2
  • The overall idea is interesting. +1
  • Any user of any blockchain can automatically be selected as a juror for OATH dispute which provides flexibility and helps to get users on board. +1
  • The token use case is rather strong – parties must deposit tokens during dispute case and pay arbitrators for their services. +1
  • The roadmap is medium long. Although for this kind of project long-term potential will rise together with overall crypto field and decentralization. +1
  • Token metrics are on the good side. +1
  • Team, advisors, partners, and VCs have been verified. +1.5

Disposition

I would say that the project is above average, but one should wait for prototype and full metrics to make the full investment decision. Currently, the rating of 6.75/10 is warranted, though it may be further increased or decreased once the project is up and running.

Investment Details

  • Type: utility
  • Symbol: OATH
  • Platform: erc-20
  • Crowdsale: TBA
  • Minimum Investment: TBA
  • Price: TBA
  • Hard Cap: TBA
  • Payments Accepted: TBA
  • Restrictions Barred from Participating: TBA

General details:

Website – https://oaths.io/

Whitepaper – https://oaths.io/files/OATH-Whitepaper-EN.pdf

FB – https://www.facebook.com/oathprotocol/

Telegram – https://t.me/oathsio

Medium – https://medium.com/@oathprotocol

Featured image courtesy of Shutterstock.

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

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4.9 stars on average, based on 27 rated postsVladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.




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ICO Analysis: Robonomics Network

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Robonomics Network is an ambitious network infrastructure, based on the Ethereum platform and created with the purpose of integrating ‘cyber-physical systems’ into “Smart Cities and Industry 4.0”.

Industry 4.0 is a topic which I first discussed back in May 2018 when I reviewed a token called ‘Productivist’ that aimed to provide blockchain based solutions for the manufacturing sector. Key concepts of 4.0 common across all sectors are: automation, interoperability, AI, and IoT (how they can improve efficiency as well as reduce costs).

This project is no different, incorporating autonomous cyber-physical systems (or CPSs) to replace human operators and to a degree, decision-makers. According to the white paper, the team hopes to:

“Expand the capabilities of Ethereum in order for the market of CPSs behavioural models supply and demand to emerge; describing the Robonomics agents operating system as the interface of the Robot Operating System compatible CPS to the robots economy network”

A ‘CPS’, according to a page on the website of the US government backed National Science Foundation, integrates “sensing, computation, control and networking into physical objects and infrastructure”. Examples include self-driving cars and medical monitoring systems.

In the words of Cisco a smart city “collects and analyzes data from IoT sensors and video cameras. In essence, they “sense” the environment so that the city operator can decide how and when to take action… [and] uses digital technology to connect, protect, and enhance the lives of citizens. IoT sensors, video cameras, social media, and other inputs act as a nervous system”.

History, Present and Future

The company’s first release and phase of operation came in Q1 of 2018, with what the company calls ‘Lighthouse’ (AKA the first release of software for providers). The second ‘Observerer’ was released the following quarter, which was when the team began to focus on analysing “network performance indicators” to measure progress and capability.

In Q1-Q2 of 2019, the Robonomics Network team plans to begin the ‘Cybernetics Economy’ stage of their operational roadmap. Finally, between the third quarter of 2019 and the second quarter of 2020 Robonomics Network will enter ‘Lights-Out’ stage. This presumably refers to the fact that the network is expected to reach full automation by this stage: requiring less human intervention, direct oversight or micro-management.

Furthermore, you can check the team’s Medium blog for up-to-date insight regarding the activity and progress of the project. For example: in June 2018 Robonomics Network started running in Ethereum main net and any ETH holder can become its provider.

Early September 2018, ‘Airalab visionary leader’ and ‘Robot economics architect’ Sergey Lonshakov published an article entitled Robonomics 2018: Let’s Sum Up. In it, he describes a working vocational trip off-site where a “tent city” was erected at the Zhigulevskaya Valley Technopark in Russia within which a four day “engineering crash course” took place.

The results of this trip included solidified plans and delegation for a variety of essential tasks for the Robonomics Network protocol development.

How it Works

The Robonomics Network team describes their efforts to combine “the economic and technical parts of communication between humans and machines into one transaction”, which will be achieved by using “a decentralized marketplace for robot liabilities contracts” and overcoming existing centralisation dilemmas facing the IoT and Robotics industries.

By decentralizing the storage of data and controls over variables such as interoperable appliances in a ‘smart house’ (gas, alarms, lighting, etc), the risk of server-side issues interrupting these processes would be mitigated. For example, downtime for maintenance or unauthorised intrusion / targeted attacks.

Latest and prominent product releases include the third of their beta stable-releases for the Robonomics Network communication stack. Like all components of the platform this beta is open-source, with source code available to view and download at GitHub. One of the features cited in the release is “new liability engine support parallel and sandboxing liability execution.”.

Additional products listed on the website at present include ‘Robonomics JS’: a language for Ethereum JS developers who want to create DApps for “smart cities”, and ‘Learning Center’ for “roboteers” to develop field experience in the implementation of p2p technology when creating multi-agent systems.

In November 2018, Robonomics Platform team member Sergey Lonshakov published a post on Medium entitled Robonomics Benchmark, November 2018 which summarized a series of fresh test results. Load test results averaged at 60 messages per second (using IPFS Pubsub), whilst another test focused on communication between two ROS-compatible robots using the eponymous protocol.

Team

Robonomics Platform is a project from the Airalab team, an open-source development community founded in 2015). The Airalab website doesn’t list any team member as a manager but rather as different departmental staff (although they do distinguish by experience with the inclusion of ‘Junior’ status members).

This is contradicted on the company’s Medium profile somewhat, where w¬riter Sergey Lonshakov assumes the title of ‘Airalab Visionary Leader / Robot Economics Architect’. From this, we can assume that he similarly takes on something of a leadership role for the project as well.

According to Lonshakov’s LinkedIn profile, he is a ‘Robonomics Platform Architect’ and ‘Blockchain Project Developer’ at Airalab. He has been working with the company and in research and development on blockchain with robotics since 2015, after having graduated from Information Technologies, Mechanics and Optics (ITMO) University in St Petersburg, Russia.

ITMO recurs in the LinkedIn profiles of the majority of the rest of the team also as place of study and work. Both apply to Aleksandr Kapitonov, PhD: a Robot Economics Academic Society Progressor at Airalab who has been working at the university since 2015, starting as an assistant professor and advancing to the position of associate professor in September 2018. He also mentions his role in the creation and management of several decentralized technologies.

Advisors

The advisory board of Robonomics Network is comprised of just three members at this stage, who are as follows:

  • Alexey Bobstov: Professor and doctor of technical sciences. He specialises in system analysis, control and information processing.
  • Max Gutbrod: Greatly experienced in M&A, finance and restructuring; and has previously assumed the role of managing partner at the Moscow branch of Baker & McKenzie CIS, Limited.
  • Babak Kia: Adjunct Professor at Boston University

Token

The Robonomics Network economy utilises a proprietary and eponymous token, which also goes by the title ‘XRT’. It will be built upon the Ethereum blockchain as will all smart contracts, in part because of the fact that you are able to add technical details. This is in addition to being able to bypass intermediaries between consumer and robot.

May 2017 saw the completion of the first round of ICO investment for the company, achieving 5000 ETH in total (valued then at $810,000) and the team plans to launch a public token sale at an unannounced point in time. The maximum cap of this event will be 10,000 ETH and will take place in the form of a “Crowdfunding Dutch Auction”.

The last update available on the website was posted on the 21st November 2018 at the time of writing. It said that the team is currently “expecting the legal opinion of the Financial Market Authority (FMA).”.

Verdict

Great presentation online, transparency, and fully open source. This includes the Whitepaper, which is both comprehensive and concise at a lean 26 pages.

Risks

  • Industry 4.0 often correlates with commercial globalism, and working in international markets brings exponential liability regarding data laws (such as Europe’s GDPR) -1
  • There is a chance of high competition from larger international corporations working with blockchain -2

Growth Potential

  • The team shows a great level of understanding regarding the theory and practical aspects in the fields of blockchain and robotics +2
  • Having similar educational backgrounds and geographical basis, it appears much of the core team share experience and are likely close-knit +1
  • Russia has a strong reputation regarding blockchain (including certain individuals like Vitalik Buterin) with many successful projects coming out of the area +2
  • Transparency: Lots of updates on the website and personal medium blogs of various team members, as well as the code being completely open source +3
  • Team members’ experience shines through across their LinkedIn, GitHub, and Google Scholar pages +1
  • Whilst not the most well-known group of advisors, those supporting Robonomics Network have considerable achievements and influence in their own rights +1

Disposition

Worth following, and if you are technically oriented: check out the code!

7/10

Investment Details

  • Symbol: XRT
  • Platform: Ethereum
  • Presale: Unannounced (Pending Legal Approval)
  • Hard Cap: 10,000 ETH
  • Whitepaper: https://robonomics.network/robonomics_white_paper_en.pdf
  • Website: https://robonomics.network/en/

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: Viewo

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YouTube currently has 1.3 billion users watching more than 5 billion videos daily. They are owned by Google, and appear to be the untouchable powerhouse of video sharing. But no empire lasts forever. In a future token economy, where users get rewarded their fair share for bringing value to a decentralized video sharing platform, YouTube starts to look more and more like Blockbuster Video.

Viewo is a video sharing ecosystem, using blockchain to reward all participants for bringing value to the platform. The Israeli team is creating a custom-built content delivery network (CDN) using cloud computing technology, allowing them to scale unlimited computing and network resources, without the large investment required for traditional data centers servers.

From the company:

“Viewo is using GPU servers combined with our specialist software technology, for live and on-demand video broadcasting. This allows us to deliver content at incredible speeds. The industry calls this Ultra Low Latency Streaming which we like to call Bufferless Instant Video Playback. This allows us to provide the worlds fastest complete solution for high resolution streaming.”

Their servers can switch from GPU to CPU based on streaming needs. According to the company: “We can encode videos on the fly allowing content to play immediately after upload; no more delays like on competitor websites.”

Additionally, “In real time, we can stream live broadcasts with localized ads which are embedded into the video stream and stops popup blockers from removing ads.”

Special Features

Unique private content: A pay-per-view style feature, Viewo will provide content creators the ability to offer their fans and other users unique private content in exchange for VEO Tokens.

MOOPS (Massive open online courses): A popular way to sell knowledge online, similar to Coursera and Udemy, offering expert instructors and courses that include recorded video lectures, certification, discussion forums, and competitive pricing. Students will pay for the courses in VEO Tokens exclusively.

Stores: Ecosystem participants will have the ability to open their own online store to sell products/services related to their video content.

“For example, if someone posts a video series about dog training, they can easily create an online store selling related products such as leashes, collars, eBooks, hard copy books, etc. The only way to purchase these items will be with VEO Tokens.”

Unique algorithms: Used to give preference to videos according to the desires of the community, while at the same time rewarding platform users proportionately for the following:

  • Creating and uploading videos
  • Sharing videos
  • Commenting on and rating videos
  • Moderating the site.
  • Viewing the videos

Token

VEO is a utility token used in the network to reward all participants for their actions and contributions. Earn it by producing content or by watching videos. Its uses are highlighted below:

  • Buy access to private content/videos
  • Join online courses (MOOCs)
  • Increase your own video positioning on the network
  • Purchase items related to video content

Distribution:

  • 28% Crowdsale
  • 51% Ecosystem Distribution
  • 11% Founders/employees
  • 6% Advisors, partners, early supporters
  • 4% Bounty and subcontractors

Use of Proceeds:

  • 40% Marketing
  • 40% Platform Build
  • 2% Legal/Regulatory
  • 15% Operations
  • 1% Business Development
  • 3% Ecosystem Development

Advisors’ tokens will be held at least 3 months from last day of token sale.

Founding team’s tokens will be subject to a 20-month holding period with 5% becoming unlocked per month.

The rest of the unreleased tokens are distributed on a weekly basis to users over a minimum 10 year period.

Team

The team is based in Israel.

Adam Rafael – CEO. He does not list his work history on LinkedIn; instead, he just lists Viewo and his education.

Rani Grinberg – COO. He has been a partner in different forms for several companies; Mexper, Orient Hotel (Tel Aviv), LVC247, Niran Holdings, Yamia Play (Israeli Gaming Platform).

David Price – CTO. He has served as CTO of Akropolis (an active blockchain project with 14 employees listed), has 25 years of experience in software development, design, and architecture. He has worked for large companies such as Merrill Lynch as well as emerging start-ups. He was the Founder of crypto-fuel which holds membership in the Enterprise Ethereum Alliance.

There are 11 decent looking advisors with a variety of expertise.

Apparently, they have also received sponsored support from over 150 of the most popular social media influencers, who have a combined following of millions of fans. This hasn’t been verified, and the only proof they offer is this impossible to make out picture with no names.

Verdict

Viewo looks solid on paper; they have an answer for everything. But there are a lot of holes. For example, they will be using the Ethereum blockchain, which is too expensive and slow for micro-payments. Viewo says they have the solution: “a payment channel technology with integrated wallet, which allows users to complete most of their transactions off-chain, enabling frequent, fast, and free ERC20 micropayments.”  Is this even doable? Show me… Where’s your MVP?

Risks

  • Ethereum based. -2
  • Several blockchain competitors like dtube, Flixxo, Library Credits. -1
  • It will be almost impossible to get people to abandon their YouTube habit. -1
  • All the tokens being earned on a weekly basis is going to cause a lot of constant sell pressure that has proven detrimental to other projects’ token prices. -2
  • Not much hype at all. They grew their Telegram community by offering airdrops, but the actual community doesn’t exist. -2
  • Soft cap of $2 million compared to a hard cap of $112 million just screams MONEY GRAB! -1

Growth Potential

  • It’s a huge market. Stealing just a tiny share of YouTube’s billions of users would be enough to start this fire. +3
  • “Viewo has already teamed up with Peer5, one of the largest and most respected P2P video distribution networks in the world, which will increase the quality of video playback and reduce CDN costs.”+3
  • Some of the funds received will be used to acquire unique high-quality content from top global influencers.+3
  • They will be building a physical studio in Los Angeles where influencers can film their videos.+2
  • “When users earn VEO Tokens from selling private content, 5% of the curator’s earnings revert to the VEO. Token network to be redistributed to users in the ecosystem. This is similar to the models of eBay14, Apple15, and Google Play16 , the difference being that the tokens re-enter the ecosystem to the benefit of the user base.”+2

Disposition

This one has paper potential, but getting in at this ICO price is far too risky. Chances are it will be much cheaper on exchanges a few months from now, and chances are it won’t be worth buying then either. 4/10

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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