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ICO Analysis: ICOBOX (ICOS)

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Continuing our series of ICOs which are geared toward ICOs (or meta-ICOs, as this author likes to call them), today we review the ICOBOX ICO. ICOBOX, as you may know, is an Eastern European shop which will set up a company with an ICO from start to finish for between one and two hundred thousand dollars at current prices of Bitcoin. They say they have successfully created 10 ICOs so far. For obvious reasons, they don’t list the ICOs they have worked on to date, but we happen to know that the Paragon ICO associates itself with ICOBOX for some reason.

ICOS Token

The purpose of the ICOS token is to democratize and crowdify the selection of ICO projects at ICOBOX. Basically what they’re offering is the opportunity to vote on start-ups which will be launched through the ICOBOX platform. The other major benefit is that you will be able to exchange the ICOS token for tokens generated in ICOs offered on ICOBOX.

When a new project launches its presale, a set amount of its tokens is placed on ICOS platform where ICOS token holders may exchange their ICOS tokens for such new ICO project’s tokens. The more ICOS tokens their holders exchange the less ICOS tokens and votes they retain. The exchange rate is fixed at the end of ICOS sale and does not vary from project to project or from day to day of any ongoing new ICO. […] At their standard price of 0.01 BTC, ICOS tokens are exchangeable for other projects’ tokens at an average rate of 1:4 in value. Essentially, this means that on average ICOS token holders get new projects’ tokens at a 75% discount.

That’s the long and short of what you can do with the ICOS token. If you believe that ICOBOX is going to be a premier launcher of ICOs in the future, you can have some influence on what projects come to the fore. You also then get roughly a 75% discount on tokens in any ICOs you are interested in, but in order to retain your voting power you are disincentivized to do so.

Projects which get a passing vote from the token holders will not have to pay a fee for the surfaces. This is non-material to the token holder since they do not derive any part of ICOBOX’s profits in the first place. In one respect, the ICOS token is a way for start-ups with lots of merit but not money to get hold of ICOBOX services for free, and potentially have a better launch.

ICOBox is an SaaS (software as a service) product in which all standard ICO elements are automated and simplified, and although the project team is directly involved in the launching of the offering, the entire ICO process is directed by experts in each of the respective ICO component fields. Such format produces the shortest project launch time and the lowest cost, and the customers no longer need to wait for an external agency to take on their project.

The ICOBOX Offer

ICOBOX is made up of mostly marketers and programmers who can write Ethereum smart contracts as well as audit and improve them. They offer start-ups the ability to transcend the muck and mire of gaining traction in a market that is cryptic as all get out for newcomers, pun intended.

This arrangement allows prospective ICO projects to conduct their own ICO paying with their future tokens, and do it at high quality and efficiency (starting at 2 weeks from the date of application to the date of PR campaign start, due to standardization and automation of processes). ICOS token holders can receive tokens of quality projects they selected at an average discount of 75%. The market gets hundreds of great projects screened by the ICOBox experts, selected by ICOS token holders and implemented by the new ICO projects using ICOBox’s tools and guidance.

If Paragon was created with the help of ICOBOX, then we can say that the package appears to be all-inclusive.

Are ICOs A Fad?

When considering the longevity of a project like ICOBOX, one has to consider the market parameters they operate in. Currently there is massive interest in initial coin offerings and everything related to cryptocurrencies. Unfortunately we have seen this before. In 2013, when the price of Bitcoin reached $1000 for the first time, lots, and lots, and lots of altcoins were created. Some had pre-mines and pre-sales of pre-mined tokens and these were called initial coin offerings. The advent of the Counterparty and Ethereum platforms have made tokenization a much more streamlined process than creating an entirely new blockchain.

If ICOs slow down or are less interesting for most people in the near future, then the potential value of the ICOS token will slow down as well. Remember, its real utility is in its ability to increase your buying power on projects that others won’t even have heard about yet. It gives you the opportunity to be on the ground floor, but you have to first commit to the idea that that is a floor you want to be on.

Meta Tokenization?

Every industry needs services for businesses and consumers to properly interact with said industry. It may seem a bit myopic to say that there are simply too many services for the niche market of ICO start-ups, given that the market is in the billions upon billions of capital raised and committed, but it does seem obvious that ICOs are a niche enterprise.

The ICOS token appears to be a life raft the ICOBOX team are trying to throw out for when things do slow down. They’ll have funding from everyday people who want to take part in voting on platforms and get early opportunities. This is a suspicion of the author and is not fleshed out anywhere in ICOBOX’s documentation. Yet, truly, the ICOS token offering appears to be a way for ICOBOX to diversify.

Token Distribution

ICOBOX is generating their tokens a little different from the usual manner. Instead of a fixed supply from which they deduct a certain amount for themselves and others, they are allowing for as many tokens to be created as people want to buy. The cost of the ICOS token is .01-.012 (more under “Investment Details”) BTC each, or about $40 at time of writing. For every 100 tokens they sell, ICOBOX will generate another 20 to be distributed to “partners, advisors, bounty participants, and the team members.” Until yesterday there were discounts of up to .002 BTC for each ICOS token, if you were purchasing a sizable amount.

Things get interesting when you consider that they are accepting multiple currencies – BTC, ETH, LTC, DASH, Zcash, and USD. This means that contributions aren’t being tracked on a smart contract, and often invites problems of token redemption. It also provides a measure of opacity as to the final result. We have to keep in mind that no token holder is likely to have physical access to any of the parties involved, and so on. In short: people who buy this token are putting a lot of faith in the people they’re buying it from to actually deliver the token, let alone the rest.

The Verdict

In the short-term, as long as ICOs are booming, the ICOS token can be a very powerful addition to any trading toolkit. It enables the trader to have advantages over those on the open market, but in our community this inherently carries its own risk: there is a good chance traders in other exchanges will simply refuse to pay more than 25% of the opening price on ICOs launched through the platform. The ICOBOX name could become more of a millstone.

Given all that we understand, we are prepared to offer two separate numerical ratings for the ICOS token.

First, if you are a short-term trader who is active in the ICO space, we call this a 7.0 for you. We think your odds of profiting by the token in the short-term are pretty good, and imagine you would get most of your value returned in the form of tokens from projects within the ICOBOX platform.

Secondly, if you are a regular crypto enthusiast or someone looking for long-term growth products, then ICOS is probably not for you. It has a shelf life directly tied to the ICO craze, whereas many ICOs have longevity based on their actual function and utility. Thus, if you just took a gamble and bought a few tokens and did nothing with them, we can imagine small gains, but nothing like you would realize (.01BTC being the starting price) if you used the tokens for their intended purpose. So, for you, we call this a 4.0.

Investment Details

Until the 17th of August the price of each token is .01BTC. On August 17th at 12PM UTC, the price goes up by .001BTC. It remains there until September 1st at which point it increases to .012 and stays there until September 15th. You have to buy at least one ICOS token. You need to create an account at https://tokensale.icobox.io/users/sign_up in order to invest – please be very careful in so doing.

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. SuccessHappinessFreedom@gmail.com

    August 16, 2017 at 11:57 pm

    I like to see ICO’s as a short term investment but the fact that this ico cost .01 BTC?? isn’t this way too high??

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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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5 stars on average, based on 22 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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4.5 stars on average, based on 12 rated posts




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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

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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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