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ICO Analysis: Exscudo

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Exscudo is a mix of legacy and cryptocurrency-based financial tools for global finance. Its token is EON and its ICO begins on April 25th. Currently, early investors get a 10% bonus and are able to invest for about .0002 per EON. Exscudo stands for “exchange” and “escudo,” which was the currency of the great Portuguese empire.

“We have combined the best practices from the centralized and decentralized approaches,” Exscudo CTO Alex Sitnikov says in a video introduction of the platform. According to him and his team, the centralized exchange built into the Exscudo platform is not a red flag for cryptocurrency enthusiasts, but instead a “source of liquidity.” But, all exchanges are sources of liquidity, are they not? And wouldn’t the point of being “open and compatible” be to provide a dumb pipe for transactions to travel down, without the need of the token’s developers – at all?

The public face of Exscudo is incredibly well polished. A dense 47-page whitepaper outlines the project. In this document, Exscudo purports to not be a competitor of Bitcoin, Ethereum, or anyone else – rather, their purpose is to provide “flexibility” that these platforms do not. This begs immediate questions, because the statement “existing blockchain systems could not give us enough flexibility, functionality and independence from third parties” requires significant qualification to ring true. In what way, for instance, does creating a new third-party platform solve the problem of reliance on third-party platforms? Users are simply now relying on this untested third-party.

The whitepaper is not dishonest, however. It notes that the EON blockchain is not particularly better – their reason for creating it was a matter of independence.

… it enables Exscudo to be independent and launch new functions when it is needed.

These things may not be a total project killer, though, because the project seems to have a myriad of goals. Let’s go over them.

1. Enable easy transactions for users without much technical expertise.

This goal is shared by a number of other projects released in the past several months, including Humaniq and Cosmos. That this market is becoming more crowded is not necessarily a drawback, but novelty is important when it comes to driving value toward a single variable. A similar goal of the project is to offer fiat debit cards to users, something which took several years for other new world currencies to develop.

2. Make it easy for miners to get from mining to cashing out.

Exscudo offers a large range of cryptocurrency pairs to trade in comparison with the mainstream crypto-currencies and fiats. It offers extended functionality for trading (mobile platforms, web-platforms), ease of withdrawal to fiat, reliability (developed technology to protect against DDOS attacks) and protection against hacks.

It appears that the EON blockchain itself is a separate project from the Exscudo Exchange and related services, but they use EON. It seems that a version of proof-of-stake is used to mint blocks, with users being required to put up funds in order to process transactions.

3. Provide an API for merchants.

Merchant APIs are still a rarity in the Bitcoin world, with only a few main players including Bitpay. Having this from the outset as a core-developed project is a value add. The Exscudo merchant API would allow the acceptance of Bitcoin and other cryptocurrencies into the Exscudo ecosystem.

4. Provide reliable trading platforms for international private traders as well as institutions.

5. Offer a secure messaging application.

This project is already in the works. Like Exscudo Exchange, it uses the EON blockchain to function. Others could presumably built in competition with it. There is a booming market for secure messaging, and no serious blockchain-based plays have previously come about. Channels could become an investor’s Signal app, and could rightly be the only truly valuable offering here.

Who Is Behind Exscudo

For this article, we’ll focus on the figureheads. As previously stated, the platform has a very polished look and feel, which can be credited to the front end team. In our modern age, this does not necessarily mean anything at all. Good web developers are increasingly common, to the point that the industry is moving to a self-service model by and large.

Owner and the CEO of Exscudo. With over 18 years of experience in IT technologies and their integration into the real sector of economy he has worked on managerial positions for more than 8 years now. He is a consulting expert on DAPPS Ethereum and consults major Russian financial market players on cryptocurrencies trading. Andrew is an expert on blockchain technologies and decentralized cryptographic data transfer networks.

According to LinkedIn, Andrew Zimine is Estonian, an alumni of Vyatka State University, and has served almost exclusively in executive capacities throughout this career. He lists Java as a skill, and must have used that much more between 1997 and 2002 when he worked as a “specialist engineer.” It is hard to reconcile the claims of his public-facing bio with his LinkedIn resume.

Next up, we have Alex Sitnikov, from the video. Sitnikov worked for Big Blue (IBM) from 2007-2010. This is a big plus in terms of his understanding of how large organizations operate and use money. He appears to have attended Vyatka State University at a time which overlaps Andrew Zimine’s – which might explain how the two met. He is eloquent in his expression of the project, and if the project takes off, will be a valuable asset in terms of professional communication.

Then there are several lead developers, presumably in charge of hiring others who do not make the list. To credit for the amazing web design is one Aliaksandr Zahatski, who previously had an executive role at a “major e-commerce company.” Some research reveals that this company was VZV.su, an apparent Eastern European answer to Zappos, but only for shoes. From this side of the pond, it’s hard to determine the validity of the use of the term “major,” but one thing is for sure: this fellow knows how to make clean websites that are appealing to consumers.

The Verdict

It is not looking good for Exscudo. Perhaps the author is salty, having covered dozens of scams and failed cryptocurrency projects over the past few years, but there are some seriously severe drawbacks to Exscudo which are not sufficiently addressed. Let’s go over them in detail before pronouncing a safety rating on this ICO.

  1. Closed-source?! One of the fundamentally important things about cryptocurrency and cryptography in general is that code is open for review by security researchers around the globe. Much of the Exscudo platform, and the Eon blockchain product, are going to be closed source. According to them, this is for security. This alone is sure to earn it bad reviews from cryptographers and cryptocurrency experts, as well as developers who might otherwise have been interested in building products for the ecosystem. This is not 1996. If it’s not open, there has to be a good reason, and “because security” doesn’t pass the bar. Nevertheless, for those who want to be more forgiving on this score, the whitepaper does note:

    We will publish the source code concerning consensus rules, coin emission and block confirmation on GitHub. The description of the mathematical model is available in the EON whitepaper on the site eontechnology.org.

  2. Limited novelty. Hacked readers already know that this is not the first “integrate all the coins” solution, and surely not the last. Exscudo needs to have some serious partnerships, on the scale of BBVA or the World Bank, in order to really set itself apart. Unfortunately, it is not boasting such.
  3. Murky team. So you say, “Satoshi Nakamoto was anonymous. What does it matter who is building these projects?” Typically, on this score, you would be right. But Exscudo demands to know your identity in order to use the platform fully (which could be seen as a plus for regulatory issues), so you too should demand to know more about its backers. They claim to have around $6 million invested of their own money, but this also begs the question of why not just sell the coins on an on-going basis, instead of using the ICO model? There are a lot of unknowns in their team portfolio, and this could lead to scaring off would-be other investors besides yourself.
  4. Large pre-mine. 35% of the total coin supply will remain with the Excsudo team. This is absurd and almost begs the question of why create a currency at all. If 35% of the US dollar were in the hands of less than 10 people, would it even be considered a currency? We may have a situation where most of the “wealth” is controlled by a few, but this wealth amounts to far more than just their currency. By that metric, Exscudo is far more extreme: 35% of the currency as well as the entirety of its liquidity is centrally controlled. Are they sure they’re utilizing decentralization appropriately?

These factors are all very serious. They do not necessarily spell out a scam, but the thing could easily go that way! These factors combined, while comparing Exscudo to competing plays (such as Humaniq), make its monetary safety rating very hard to upgrade beyond a 3.9.

The author could be wrong, and you might get lucky, but what we’re looking at here is something that most traditional investors could determine they do not need and that any cryptocurrency expert would run away from. The idea may be noble: make it easier for traditional investors to get into cryptocurrency, but we have such offers on the table already or in progress via ETFs and professional-grade trading platforms like Gemini or Bitfinex.

Again, the author could be wrong. As always, this is only one person’s view. Other viewpoints so far seem to be overwhelmingly positive, but one must keep in mind how easily some “journalists” are bought off in this day and age. The author did not pollute this article with any input from the Exscudo team themselves, but purely graded it on its apparent merits (or lack thereof.)

Investment Details

As noted, 35% of the coins will remain with the Exscudo people. Some more will be issued to those who are answering bounties – doing things for the project that have not previously been done, including evangelizing (which is fishy, because it shouldn’t be something users need incentive for). In total, 156,600,000 coins will be available to the public, although of that another 5,280,000 EON will be issued to bug fixers as well as the adviser/ambassador team also listed on their front page.

To invest early and get a 10% bonus, you can create an account like below. At time of writing, the price was around 20,000 Satoshi each.

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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  1. mandym4life

    June 29, 2017 at 3:12 pm

    I bought some EON’s a month ago…still hasn’t hit an exchanges…

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ICO Analysis: IoTBlock

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Internet of Things is an emerging technology with the potential of immensely improving our lives. Connecting every single capable device, whether it is a car, a home appliance or a billboard, IoT allows for the collection and enabling of data analysis in a more efficient, faster and cheaper way. Consider that a car accident has just happened quite close to your workplace. This causes a traffic jam, making it inconvenient to use a private car. Usually, this information is either made public too late or is not released at all. If you had known, you could have used some other means of transportation, like the metro, and avoided wasting your time in traffic.

It is almost certain that this technology will take off in the future as many industry giants have already started to research and produce several products. In fact, it is estimated that by 2025 the IoT sector will grow to $11 trillion with 75 billion devices. Yet as in any emerging technology, just as in the case of blockchains, there are several problems which are required to be solved before it is widely used by the public. Studies show that 70% of IoT devices use non-encrypted forms of communications and 80% don’t have even the most basic security. Unfortunately, this makes it possible for hackers to abuse security flaws in a single device and gain access to the whole network. For instance, earlier this year, some hackers used an IoT-connected fish tank thermometer to steal a casino’s database.

In order to solve current and foreseeable problems in the IoT industry, IoTBlock provides a device-agnostic and blockchain-agnostic protocol. This agnosticism should be highlighted, since it means that the protocol can be used by any IoT device and any blockchain, whether it is Ethereum, IOTA, or Hedera Hashgraph. As of now, even the most popular blockchain-based IoT solution provider IOTA does not offer this. IoTBlock’s other important key features include secure authentication, open auditability, and cross-chain communication. The protocol can be used for IoT device authentication, insurance and dispute resolution, device health and safety verification, and data exchange.

Thanks to the use of Ora Protocol, a truly decentralized network of IoT devices is made possible. By its proof of authority, nodes are incentivized to serve truthful data and report inaccurate or malicious data. These nodes are rewarded with tokens in return for their contributions to the network.

Token

Although very little information regarding the token’s use is released at the time of writing, for now, we can say that it will act as a native token to pay fees for platform services. It should be noted that it is emphasized that the token is looking for a stable price per token, which is quite reasonable if it is to be widely used.

No information on the IoTBlock token metrics or how the team is planning to use the token sale proceeds are released at the time of writing.

Team

CTO Michael Arbach: Arbach was a blockchain architect at KodakOne.

Sanjeev Verma: Prior to joining to AMD as a principal architect, Verma has worked as a mobile security architect at Samsung Electronics, a senior research engineer at Nokia and a member of technical staff at Bell Labs.

Richard Fushimi: Fushimi was the CEO at Rocket Internet SE, the president, and COO at Sega, and a managing consultant at Genpact Headstrong Capital Markets.

Leo Rong: Rong has worked as a software engineer at Splunk for over thirty months.

Advisors

Chad Pleper: Pleper was a senior infrastructure architect at Elsevier.

Tugrul Firatli: Firatli has worked as the vice-president of global communication practice at TIBCO Software, as a software engineer at Apple and as a member of technical staff at Bell Labs.

Rex Wong: Wong was a founding investor at Applied Semantics, the company who created AdSense and later sold it to Google in 2003.

Verdict

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

Risks

  • No information regarding token metrics is not released at the time of writing. This makes it hard to evaluate the project’s worth and any potential return on investment. (-1)
  • It is a reasonable assumption that the competition in the IoT sector will be harsh in the future. As more and more technology giants might enter the market, it is likely that they might leave the blockchain-based IoT companies like IoTBlock in the dust with their superior resources. (-2)

Growth Potential

  • All-star team members like Sanjeev Verma and Richard Fushimi. (+2)
  • The protocol’s device- and block-chain agnosticism. (+3.5)
  • The team’s origins can be traced to a hardware and RFID device manufacturer started in 2004. This shows that the team is highly experienced in the IoT sector and not just riding the blockchain hype train. (+2.5)

Disposition

The emerging technology of the Internet of Things is expected to be widely used in the near future. It is estimated that by 2025 the sector will grow to a value of $11 trillion with 75 billion devices. Its use cases are limited only by one’s imagination, but as in the case of any emerging technology, just like blockchains, there are several important problems to be solved to gain wide public acceptance.

Currently, 70% of IoT devices do not use encrypted forms of communication and 80% do not have a basic level of security. As devices in a certain place are connected to the same network, to gain unlimited access to one device is to gain access to the whole network. Some hackers’ gaining access to a thermometer in a fish tank and using it to steal a casino’s database earlier in this year is an example.

IoTBlock provides novel solutions to solve this issues. The team consists of all-star team members like Sanjeev Verma and Richard Fushimi. The protocol is designed in a device- and blockchain-agnostic way, so that IoTBlock can be used by any IoT-connected device and blockchain.

Still, no information on token metrics is released as of the time of writing, making it hard to evaluate any return on investment. Also, the competition in the IoT sector will be extremely fierce in the future and the entrance of more and more technology giants to the sector might leave the blockchain-based IoT companies like IoTBlock in the dust with their superior resources. IoTBlock receives a 6/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: Unspecified
  • Platform: Ethereum
  • Crowdsale: Unspecified
  • Minimum Investment: Unspecified
  • Price: Unspecified
  • Hard Cap: Unspecified
  • Payments Accepted: Unspecified
  • 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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ICO Analysis: EndChain

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Logistics is a series of transactions that link a product from raw material through to the consumer. The logistics and transport management industry generate approximately 13% of GDP globally. Current supply chain logistics models are good, but not great. They can be improved by blockchain technology.

EndChain is a new project based on Ethereum, which aims to disrupt the logistics industry through decentralization, open protocols, and utilities. They believe the best way to improve current systems is to eliminate almost everything except the scan of the package.  According to them, “Technology can be molded to handle the rest of the necessary steps and to fit the needs of all users wanting to access the data.”

From the whitepaper:

“While some companies have attempted to create blockchain solutions for modern logistical problems, no complete solution exists today. Current options revolve around expensive RFID chips or an overt reliance on consumer input. EndChain focuses on the entire logistics chain: from manufacturer to businesses to customer to reseller. The goal of EndChain is to become the blockchain solution that the logistics industry desperately needs by allowing one blockchain that is easy to use for all verticals of the supply chain.”

EndChain wants to reduce the cost of logistics by providing a blockchain that’s responsible for all the data across the supply chain. Their uniform blockchain lets businesses easily adapt and communicate with one another. Their system will cover each sector of the supply chain, including the second-hand market.

The entire Endchain system is based on the use of their patent-pending QR/barcode design. Each item produced in the EndChain supply chain is paired with a unique id that can be automatically registered on the chain. This id is the foundation of Endchain and ensures that every physical item is linked to its digital counterpart.

All businesses which use the EndChain software will be able to identify themselves as producers, transportation, B2B or B2C stores. Employees simply need to scan the code. That simple scan will break down both the generic barcode and the individualized QR code. The software then automatically updates the chain with the new data that can be seen by all users.

There are 2 major benefits to their QR/barcode combo:

  1. It simplifies the scanning process. Instead of 2 or 3 separate barcodes, logistics workers will only have one easy to read code, filled with all the data.
  2. The code will update both the blockchain and the legacy systems at the same time. This allows EndChain to easily integrate with legacy systems that may not want to completely change their current methods just yet.

Additional benefits:

  • Reinforce the Authenticity of product
  • Secure transactions and fast settlements
  • Visibility in the supply chain
  • Cost-effective
  • Route optimization
  • More info on the product and cheaper costs
  • Ownership history

Token

ENCN token is required to purchase QR codes, make smart contracts, and access the data stream.

Token burning: EndChain’s self-regulating economy burns 2-4% of tokens per transaction. It works by destroying  more coins if the current market value of the ENCN is low. If the value of ENCN rises, less supply is destroyed as fewer coins are required for each smart contract.

Distribution:

  • 55% ICO
  • 22% Future development
  • 10% Team
  • 5% Leadership
  • 5% Advisors
  • 3% Bounty and referrals.

Use of proceeds:

  • 60% Development
  • 25% Marketing/sales
  • 5% Legal
  • 5% Security and compliance
  • 5% G & E

Team

Team EndChain is a mixed group from all around the globe. 15 team members and 9 advisors are listed.

Aaron Perkowitz – CEO.  Since October 2017 until now he’s been a Fund Manager at HNA Group, a global Fortune 500 company focused on aviation, tourism, logistics and financial services. Other than that, he lists 3 internships; Morgan Stanley, AngelVest, and RocketSpace.

Pierre Angot – CTO. Paris, France.  A self proclaimed Artificial Intelligence and Blockchain maestro, co-founded Medway, a telephone medicine app with between 2-10 employees. 2 years Managing Director at WAGT Consulting. Currently a Data Consultant at Verteego.

Felix Engelhardt – Business Developer. Currently (8 years) an Analyst at Cimic Group Limited, a world-leading infrastructure, mining, services and  private partnerships group with over 1,000 employees.

Javince Chan – UI/UX Designer. Lots of experience specifically in UX design; Currently at Quadrant Studio, she’s also worked for Amazon (1 yr), AKQA (1 yr), and Symplicit.

It’s an impressive group of advisors, with specific skills they acquired from places like; Huawei, Cimic Group, Morgan Stanley, Audi, Uber, Activision and Blizzard.

Partners are highlighted below:

Verdict

“EndChain provides a complete and cost-effective logistics package that benefits all parties of the supply chain. While most utility tokens focus on high end goods, EndChain focuses on the low to middle market, an area that has been ignored for too long. EndChain is able to enter this market due to the ease and low price of our system compared to other utility tokens which focus on expensive NFC chips or manual entry.”

The current blockchain solutions for the logistics industry won’t work for the majority of goods. They are too expensive to mass produce, therefore, they focus on luxury goods such as handbags, diamonds, and art while the vast majority of market purchases are ignored. EndChain is working on a solution by making a cost-effective product that can be applied to all goods.

Risks

  • Ethereum Blockchain. -1
  • There is already a lot of blockchain competition, and all their token values are at all time lows right now. Demand is not currently here. -2
  • 3% of their tokens will go to bounty/referrels. These bounty hoes usually just dump their tokens as soon as they hit an exchange. -1
  • 50% presale bonus. Same thing as above. They will dump at the first sign of dumpage. -1
  • This will be really challenging to scale. -1.5
  • Unsold tokens may or may not be burned. When we asked them in Telegram, their response was, “Once we got a concrete details, Soon we will be having an important announcement regarding that matter, stay tuned.” -0.5

Growth Potential

  • The team has produced a very profession ICO, a patent pending scan system, and lots of work on GitHub. Here’s their CEO giving a quick explanation on the work they have achieved so far. +2
  • Their uniqe QR code incorporates a barcode within the QR code. This allows users to scan the only code found on the packaging. Businesses that still use a legacy system can scan the embedded barcode. +3
  • 2-4% of the revenue generated from sales will be dedicated to burning EndChain tokens. +4
  • They will give a percentage of ENCN tokens to tradition shipping companies for free, to recruit them to the blockchain. Once they see the benefit of EndChain, they will become valuable costumers. +2
  • One of the largest benefits of this system is that it can be done offline. Information isn’t being downloaded, only uploaded, therefore it can remain in the system until its fully loaded, no need to wait to scan the next item. +3

Disposition

The team is strong, the whitepaper is professional, and the roadmap is realistically detailed. The goal is to launch the full version in Q3 2020. If they raise enough money in this token sale, we like their chances more than most. 7/10

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: 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

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4.9 stars on average, based on 30 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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