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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: BitCanna

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The cannabis and crypto industries share many similar qualities. Both are practically brand new, both are extremely controversial, both shine with the potential to change the world, and both are consistently being held down by “The Man.” As banks, credit card companies, and PayPal all continue to deny working with Bitcoin and Cannabis, new ICO BitCanna has come up with a solution for the Cannabis industry. Use crypto to bypass the bank, and use their own distributed ledger to track all the products from seed to sale to help legitimize the industry

“At BitCanna, we are looking to change the way cannabis does business. For too long have things been in a grey area, both retailers and users acting with uncertainty. BitCanna changes this, offering an easy way to establish trust back into the market and give regulators an avenue to regulate”

Starting in Europe, BitCanna will provide a decentralized payment network, with masternodes and POS rewards, for the legal cannabis industry. Customers can use BCNA tokens to make instant purchases in online and brick & mortar dispensaries.

BitCanna will be created in 3 phases, taking around 3 years.

Phase 1: Global Payment Solution (Q1 2017 – Q4 2019)

  • Create a decentralized payment network for the cannabis industry. The main goal is to provide an alternative, cost-efficient payment solution besides cash, for unbanked businesses.
  •  The mainnet will go live directly after the ICO’s time limit is reached, July 1st 2019.
  • Mobile wallet, instant transactions. Payment runs directly from customer to merchants, no middlemen.
  • Compliance with local regulations.  Blockchain ledger allows for true transparency for govt and financial inspections/regulations

Phase 2:  Supply Chain (Q1 2020- Q4 2020)

  • Integrate mainnet with the supply chain layer.
  • Track and trace monitoring functionalities for the entire supply chain of cannabis.
  • Distributed ledger will provide all users with a clear insight into the production, transportation, and financial aspects. This will benefit producers, distributors, shippers, government agencies, and consumers.

Phase 3: Trust and Reputation (Q1 2021 – Q2 2021)

  • A trust and reputation layer will be integrated into the blockchain.
  • All Sorts of apps will be developed to incentivize the network, improve business efficiency and transparency, and enhance customer experience.
  • Business analytical tools, inventory management, loyalty programs.
  • Secure identity platform.
  • Shop and product review and rating system.

What it looks like, 5 layers to the tech.

Token

BCNA token will be used for all transactions on the blockchain. It will be a POS coin with masternodes.

In order to allow for almost instant transactions, they will have 60-second block times. Block reward distribution will be 50% Masternodes, 40% Proof of Stake and 10% Project proposals.

The token will inflate by 10%, decreasing over time until it hits 0%, at which time the system will slowly transition into a transaction-fee-only model.

Distribution:

  • 60% Crowdsale
  • 15% Team/Advisors
  • 15% Future business dev and market expansion
  • 10% Marketing Campaign

Use of Funds:

  • 40% Product Development
  • 30% Marketing
  • 20% Unexpected operational costs
  • 5% Legal
  • 5% Reserved for unexpected costs.

Team

This is one of the largest teams reviewed. There are 19 members listed in the whitepaper, most from the Netherlands, but then they have 13 blockchain engineer/developers living in Ukraine.

Boy Ramsaha i- Founder. Popular guy in the Euro Cannabis culture. Organized several international fairs around the world. 1991, founded High Life and Soft Secrets, 2 popular Cannabis magazines. Founder of Royal Queen Seeds, one of the biggest cannabis seed banks in the world, with 7 brand stores. Also owns a CBD lab in Switzerland. Has over “250 people on the payroll” of his different companies.

Jan Scheele – CEO. Has spent 7 years as Partner/Director at Strabico, an event services company with 2-10 employees, in Amsterdam. 17 years as Director at Caesus, a web development site with 11-50 employees. TedTalk Netherlands host.

Jack Janssen – CFO.  Current Business Controller at 4 different companies. Royal Queen Seeds, cannabis seed/oil producing company. Yuqo (30 employees), Cibdol AG (8 employees), and International Blockchain Solutions (parent company of BitCanna?)

Paulo Ramos (CTO), Is the leader of the development team.

Four law advisors round out the team.

There isn’t too much hype around this yet, but it’s still very early. They have a lot of business and media partnerships

Verdict

In order to get this project running, the team decided to create a network of allies/partners called BitCanna Alliance.

BitCanna Alliance is a strategic initiative formed by leaders in the European cannabis industry. It’s currently made up of some of the most prominent seed banks and cannabis dispensary firms in Europe, serving more than 10 million unique visitors every month. There are over 20 businesses already signed on including some big players; Cibdol (a leading online CBD shop),  Zamnesia (biggest online smart and seed shop in Europe), and Royal Queen Seeds (one of the biggest global seed brands.)

Risks

  • The 20 team members listed in their whitepaper lack blockchain experience. However, supposedly they have a team of 13 senior developers working constantly on the project in Ukraine. “They choose to remain anonymous for their own respective reasons.” -1
  • There’s going to be a 10% inflation rate, which will over time work its way down to 0%, but is simply too much. -2
  • It won’t be fully developed until Q2 2021. If the token price crashes, which it just might because of 10% inflation, they will run out of funds. -1.5
  • If Cannabis gets legalized throughout the entire EU, this coin could lose its purpose. -1
  • No MVP, and their GitHub is not very active at all. -1
  • As you can see below, it isn’t exactly hard to get into the BitCanna Alliance. And it comes with only benefits to any business that signs up. It’s not like a binding long-term commitment or anything. -1

Growth Potential

  • The BitCanna alliance is impressive. Denmark’s Leading Online Grow Shop, leading euro CBD shop, etc.. +3
  • Huge, exploding billion dollar industry, and everyone wants a piece. +4
  • To protect the privacy of consumers, they will develop BitCanna ID where once your id is established, it will be encrypted and hashed, giving customers and sellers identity without having to give out any personal info. +2
  • The BitCanna Alliance are currently in Europe. The goal is to expand to the US market and even worldwide once a solid foundation has been built. +2
  • Passive income: Masternodes and proof of stake offer large rewards, starting out at 10% inflation.+2
  • They are being advised by 4 separate lawyers. +1

Disposition

The cannabis blockchain competition is not very tough yet. If BitCanna has a successful ICO and mainnet launch, they will probably be the best canna crypto on the market. However, the 30% discount for getting in 8 months early is most definitely not worth the risk. If interested, check on them sometime June 2019. 5.5/10

Investment Details

All unsold tokens will be burned

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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4.1 stars on average, based on 23 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: Hypernet

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Supercomputers

Hypernet technology allows personal computers, smartphones and even fridges with processors to connect with each other and become one completely ”parallel” supercomputer. The combined synergy between numerous devices can create calculating capacities which can rival every existing supercomputer.

With Hypernet it will be possible to lease your unused computing power to other users who want to use it and are willing to pay for it. Sellers register their devices in Hypernet and set the price for the time. Then, like traditional cloud services, buyers write a program and ask for hours of computing on a certain number of devices to run their program. Hypernet ensures that the buyer’s program will be divided and safely sent to each of the devices, processing arbitration between users.

Let us touch the topic of supercomputers in general.

Any supercomputer is just a just collection of computers. They are optimally connected and allow synergy between devices. However, these supercomputers are very bulky and require maintenance. The second development is a distributed supercomputer, which is based on the same concept, but devices are connected through the internet. Currently, supercomputers can only work on specific tasks. Hypernet intends to solve this problem by creating a network in which all operations will be performed much faster and in parallel. The resulting in Hypercomputer is not limited in its computing abilities in the way like other distributed supercomputers.

From a tech point of view, Hypernet is innovative because of several reasons:

  • Computation works for almost all types of problems, while competitors in distributed computing have tried to approach the most straightforward class of programs called grid computations.
  • An algorithm based on a distributed average consensus that was developed from scratch especially for dynamic, distributed and decentralized device networks.

This gives Hypernet the ability to run all classes of problems in parallel which results in an infinitely scalable network that is not limited to the cost and time required to create new data centers. This allows data reduction for massively-parallel sets of tasks.

Competitors

Hypernet’s direct competitors are SONM, Golem and Constellation Labs.

Road Map

Hypernet has three main elements, each with a separate roadmap:

Blockchain Resource Scheduler – The Hypernet Foundation will work with developers to create a schedule in the form of a graphical dashboard. Sellers will be able to use the scheduler to specify the conditions for using their equipment (when the equipment can be used, how much memory and disk should be available, and how much of their processor time they are willing to offer).

Hypernet Consensus Infrastructure – The Hypernet Foundation will work with third parties to develop an API library for distributed average consensus in a hyperlink with a lever.

Hypernet Executable Environment – To ensure security and interoperability in the system, it is expected that the Hypernet Foundation will create a sandbox environment for executing executable files to isolate them from the vendor’s hardware.

Token

The project has a sophisticated token use structure.

STAKING: Buyers and sellers must stake HyperTokens to complete compute jobs.

REPUTATION: A user’s reputation increases by being a reliable and responsible compute provider and compute purchaser, and this reputation is permanently logged on the blockchain. A user’s reputation increases the likelihood of participating in compute jobs.

CURRENCY: HyperTokens are the transactional currency which enables the buying and selling of compute on the network.

AVAILABILITY MINING: Individuals can mine HyperTokens while waiting for compute jobs, by just being available in the lobby. This incentivizes users to join the network and make their devices available.

DECENTRALIZED GOVERNANCE / VOTING: Nodes participate in challenge and response and are incentivized for helping maintain the quality of the network, and weeding out bad actors.

There is no information on token distribution and use of funds available.

Team

Below is a rundown of key team members.

IVAN RAVLICH

  • CEO and Founder
  • Graduate of Stanford.
  • Development of start-up products in the companies Ad Astra Rocket Company as plasma physicist
  • LanzaTech as a chemical engineer.
  • Candidate research at Stanford focused on advanced space motion from magnetoplasma missiles to expanded theories of gravity.

TODD CHAPMAN

  • Co-Founder and CTO
  • Graduate of Stanford.
  • Awarded a US Defense and Engineering Scholarship in the Department of Aeronautics and Astronautics, Stanford, for his thesis.
  • Current research interests relate to fault-tolerant algorithms for distributed and exact computations and the application of optimal control methods for the training of stabilized neural network architectures.

DANIEL MAREN

  • Co-Founder and CFO
  • Graduate of Stanford
  • Founded in 2013 a company of solar power electronics Dragonfly Systems with a successful exit when the company acquired by SunPower Corporation in 2014.
  • Remains advisor to SunPower
  • In 2009-2013 years. was a co-founder of the non-profit organization weJAYA, which dealt with the fight against poverty in West Timor.

Advisors

The key advisors are listed below.

RANDALL KAPLAN

  • Randall is a co-founder of Akamai Technologies, the global leader in Content Delivery Network (CDN) services. Randall is also the founder and CEO of JUMP Investors, a venture capital firm that also functions as his family office (notable investments include Google and Seagate.)

MARC WEINSTEIN

  • Marc Weinstein is the Head of Research & Analysis at DNA Fund.

Verdict

Below is the breakdown of risks and growth factors of the project.

Risks

  • The competition in the sector is very large. Both from centralized systems like Amazon, and from decentralized (Golem) and those that are doing ICO at the moment (Ankr Network, Arpa, Teex) -1
  • The team does not have much experience in parallel computing and blockchain experience -1
  • No information on token metrics at this point -1
  • WP technical assumptions are very questionable as the use of blockсkchain is not entirely understandable in view of the fact that the same system based on HyperLeger can do everything as effective -1
  • The mainnet launch was scheduled to be released in August, but there are not new releases of development announcements at this point. -1

Growth Potential

  • hard cap of 15million is pretty reasonable for this space +2
  • The team is a good one for a start-up. Young graduates of good universities and an interesting background +2
  • Have some institutional support (The DNA fund) +2
  • MVP is available +2
  • There is a market for growth in the space +2

Disposition

In general, the project can be assessed as average. The team is good but without much experience in the industry. The product is interesting, but there are delays in implementation, which for me is a red flag. 5 out of 10.

Investment Details

  • Type: Utility
  • Symbol: Hypertokens
  • Platform: Ethereum/Own platform
  • Crowdsale: June
  • Minimum Investment:
  • Price: TBA
  • Hard Cap: 15 million USD
  • Payments Accepted: ETH
  • Restrictions Barred from Participating: TBA

General details

Website: https://hypernetwork.io/

Telegram: https://t.me/joinchat/H-DkTAx1R8A0HvY6vNs5Xw

Whitepaper: https://hypernetwork.io/HypernetWhitePaper_v1.1.pdf

Twitter: https://twitter.com/GoHypernet

Facebook: https://www.facebook.com/GoHypernet/

Reddit: https://www.reddit.com/r/HypernetComputing

Medium: https://medium.com/@hypernet/has-recommended

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 10 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: Virtual Rehab

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According to recent studies, in the USA alone, over $35 billion a year is spent on addiction treatment services, and about $80 billion is spent on incarceration. Despite this spending, 77% of released offenders recidivate within 5 years. Luckily, with the recognition of the United Nations, The team at Virtual Rehab is coming out with new technology to fight this epidemic.

Virtual Rehab leverages virtual reality, artificial intelligence, and blockchain technology for the prevention of substance use disorders. It also provides correctional services training and rehabilitation to officers and offenders.

“Virtual Rehab believes that putting a kid in the corner does not teach them how to be a better person but rather teaches them not to get caught. Therefore, we are in it for the social good and to help address the needs of the most vulnerable populations out there.”

Four key components make up Virtual Rehab’s platform.

  • Virtual Reality: Real-life scenarios using cognitive behavior and exposure therapy to train users how to respond appropriately in the face of triggers.
  • Artificial Intelligence: Collects data from the VR environment and physiological data, and applies machine learning to identify areas of risk, make treatment recommendations, and predict post-therapy behavior.
  • Blockchain: A secure network to ensure privacy and decentralization of all data and all information relevant to vulnerable populations.
  • VRH Token: Used to purchase different services/programs. Also used to reward users who seek help through Virtual Rehab’s online portal.

Virtual Rehab’s services extend to hospitals, rehab centers, correctional officers, inmates and other verticals. Rehab for sex offenses, family violence, alcoholism, and many other offenses will also be supported. It can also be used to treat mental illness, emotional disorders, intermittent explosive disorder, and many others.

Virtual Rehab can overcome distance barriers, allowing rehab services to anyone, anywhere, because the technology can be implemented in a telemedicine context.

Here’s an example of what it might look like when a user is immersed in Virtual Rehab.

“And indeed, we capture the actions and reactions, decision making, and capture the biometrics (heart rate, blood pressure, and biodermal activity) along with keeping track of the eye movement using eye-tracking.”

The AI solution will aim to do three things:

  1. Identify areas of risk
  2. Make treatment recommendation along with existing medication prescribed
  3. Predict the behavior post-therapy

The HMD can include sensors that measure the physiological responses of a user as they interact in VR, such as heart rate or eye movement. This information is inputted in a sort of machine learning metadatabase to be used to assess whether the user’s selected responses are inconsistent with their physical activity. This helps determine if the user is attempting to deceive the system.

Token

VRH is a utility token built on Ethereum. It will be used to place an order and to download several different therapy programs (pain management, addiction prevention, cognitive behavior, etc). It will also be used to receive further analysis of the executed programs conducted through Virtual Rehab’s AI solution.

In addition, VRH will be an incentive to reward users for seeking help/counseling. Certain conditions will apply along with proof that users have sought therapy and counseling. Rewards will be claimable using the Virtual Rehab Portal.

Distribution:

  • 60% token sale
  • 15% Founders and Advisors
  • 10% Future Development Fund
  • 10% Partnerships
  • 5% Marketing

Use of funds>

  • 30% Marketing
  • 50% Future Development
  • 20% Partnerships

Team

Dr. Raji Wahidy – Founder and CEO. Spent 9 years in different leadership roles at telecommunications giant, Vodafone Enterprise. He spent 4.5 years manager at Ericsson Canada. Founded and successfully exited Amalana in 2012. Registered UN and UNICEF volunteer, and has received 16 global enterprise achievement awards.

Amal Azzeh – Co-Founder and CFO. 40+ years of experience in finance. She co-founded My Recruiting Team in 2016, a platform better known for its first-to-market Recruitment Helpdesk Support Services. No other work history is available on LinkedIn.

Jean Speville – Chief Mind Technologist. Four years as Senior Service Engineer at ASUS. Founded Vessla Development in 2015. Vessla recently created a completely cordless IoT screen with built-in WiFi. It consumes 99% less energy than LCD & LED screens. He’s a member of The Verizon Innovation Program in San Francisco, an Alumni of the Microsoft Accelerator Bootcamp Program, and a member of Sting Accelerate (Swedish #1 incubator for tech startups

They also list three consultants, including Pankaj Jain, who has worked for Nokia, AerNow, and Tivo inc

There are ten advisors. Instead of listing them all, we’ve highlighted some of the companies they have previously held high positions at: MEDNAX, HHS, SAMHSA, Microsoft, Kaiser Permanente, AIG, J.P. Morgan-Chase, MixERP, Ammeris

Verdict

“Virtual Rehab’s evidence-based solution leverages the advancements in virtual reality, artificial intelligence, and blockchain technologies for pain management, prevention of substance use disorders, and rehabilitation of repeat offenders.” And that’s just the tip of the iceberg. They will be getting into formal education as well as vocational training videos. Auto Mechanic, plumbing, how to properly putt a golfball… the possibilities are endless. On a recent Building The Future podcast, CEO Dr Raji talked about how he has had conversations with the Canadian Space Agency, who have been thinking of using VR for astronauts.

Risks

  • The ability to fully provide privacy, security and scaling is not there yet on the Ethereum blockchain. -2
  • The $20 million hardcap is rather high. This could cause a selloff early when this hits exchanges if demand isn’t there yet. -1
  • They are giving out $150,000 worth of VTR tokens during their ico bounty marketing campaign.  Their telegram has 18,500 members, 15,000 of them are either human or bot, there only for the bounty, not for the love. -1
  • The roadmap makes bold, unrealistic, claims, such as VTH will be listed on a top 10 exchange in Q1, and another top 10 exchange in Q2, and yet another top 10 exchange Q3. -2

Growth Potential

  • The team has connections to the UN, UNICEF, and 3 big accelerator/incubator programs. +2
  • First mover advantage (Addiction and Corrections). +1
  • Existing partnerships with Causalius, Chains International, Command Sourcing, Innovative Prison Systems, NETE, and Netswitch Technology Management. +2
  • Virtual Rehab will charge users for hardware, software licenses, programming required, and any support required. According to CEO, the total bill is still about 15% of the cost institutions pay now. +2
  • Unlimited expansion opportunities. PTSD, anxiety, autism, formal education, vocational training…+2
  • Dr Wahidy (Founder/CEO) just got awarded “Expert” status by the United Nations Global SCP program. This will open a ton of doors around the world. +4

  • Not much competition yet.+1

Disposition

Definitely keep this one on your radar, huge potential. 7/10

Investment Details

All unsold tokens will be burned. Tokens allocated to Virtual Rehab Team vest for 12 months.

The minimum contribution is $1,000 during presale and $100 during the main sale.

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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4.1 stars on average, based on 23 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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