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ICO Analysis: InsureX

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There are worse things in life than death. Have you ever spent an evening with an insurance salesman?

– Woody Allen

The great American healthcare debate has put health and other forms of insurance in the spotlight for going on a decade now. While many western democracies have socialized forms of health insurance, America’s are paltry by comparison, and the marketplace here is mostly privatized. In much of the rest of the world, other forms of insurance are still private. Collectively, according to multiple sources, all insurance generates more than 5% of all the economic activity in the world.

London, a historical hub of many types of markets, is where InsureX would like to establish the global insurance mercantile exchange – for companies, brokers, traders, and investors. The concept does not require too much explanation: use Blockchain technology to enable faster, more accurate, more secure, and fairer acquisition and sale of insurance products. InsureX says they are deeply embedded in the global insurance industry, and we will investigate that more under the Team category of this analysis, but their best self-description emerges in the following paragraph:

InsureX offers a disruptive environment which will be beneficial to the currently outdated insurance sector. Participants in this marketplace are able to transact business in a highly efficient, secure and consistent manner with easy access to historical data and valuable market insight. The InsureX platform uses blockchain technology to streamline the process between buyers and sellers of insurance products. Not only does it provide a place to find and trade insurance, but a platform to manage the downstream processes related to programs, policies, premiums and claims.

Who InsureX Is Targeting

The InsureX marketplace is primarily for institutions such as insurers, reinsurers and brokers. Bringing these participants together directly results in an efficient, cost-effective and transparent marketplace.

Thus, for most of our readers, the token itself will not be overly useful beyond a speculative instrument. The details of the token become much more important when most of the people who might buy said token will never use it for its intended purpose. We’ll get to that momentarily, but let’s discuss the type of revenue that such trades can generate:

  • The average cost of an auto insurance plan in the US in 2014 was over $700 per annum. The United States contains almost as many registered vehicles as it does human beings, and most states require some form of insurance on all of them. If InsureX were to be used for even a fraction of these plans – brokers used the platform to sell more competitive products, improving the quality while cutting the cost – the revenues would be vast.

That is just one regional market in one type of insurance. Nearly anything that generates or costs money in the world has an insurance salesman eyeballing it – this situation will not change as the world moves into more digital forms of commerce, but rather will increase. A platform like InsureX sure has a lot of potential to serve the up and coming legions of insurance salespeople.

Blockchain Meets Insurance

In the push to blockchain the world, many have neglected to realize that there are plenty of purposes where a simple database is sufficient. Most financial purposes would not fall under this category in a neutral debate, because allowing any party to casually make changes to a ledger is a fundamental risk. Therefore InsureX’s decision to utilize blockchain technology is entirely valid for this project, and moreover, the insurance industry itself has long been interested in the technology.

According to the Deloitte Consultancy, blockchain implications can go even deeper than mere registering and trading of insurance products. It could also imply secondary and tertiary marketplaces for things like claims adjustment.

Adopting a common blockchain across the sector could create a step-change in value in the insurance industry: claims-handling could become more efficient and streamlined, resulting in an improved customer experience. Such an approach could also help to reduce further, if not entirely prevent, fraud if identity management was also enforced on the blockchain – meaning that criminals could no longer crash for cash, or exploit the current challenges of sharing data unless their methods for obscuring identities became significantly more sophisticated.

InsureX Team

Is it possible that InsureX could become the so-called “common blockchain” for the insurance sector? Well, for what it’s worth, they do have Ross Campbell advising them. Campbell is the chief underwriter of Gen Re, a US-based insurance provider. He has been with Gen Re since 1995, and in the position as overall chief underwriter and head of research/development since 2010. This is to say he has held a powerful position at a sizable (1200+ employees) insurance firm for most of the rise and rise of cryptocurrencies. The insights and connections Campbell will have developed over a long career are perhaps the most valuable attribute so far for the InsureX platform itself, because, after all, like many of these “industry-wide” efforts, there is always a risk that the biggest players in a given industry will simply hijack the idea and implement it in a way that derives them an even more consolidated position.

Campbell recently wrote on the subject of insurance and technology and can be quoted as saying:

Deciding how best to handle issues around data privacy is among the industry’s key questions. Some people will not wish their personalized data to be put in the hands of insurers making decisions about policies, while others will want their data to be used to drive down insurance costs.

This statement brings to mind the notion that blockchain can serve in other capacities than the transferrance of plans and sales thereof – it can also secure the records of individual companies, and InsureX could act as a place that such products were also bought and sold.

Campbell’s involvement also lends an immediate aspect of realism to the InsureX project – it seems evident that once the platform is working, Gen Re will be interested in making use of it.

CEO and founder Ingemar Svensson has a reasonably long career in financial technology. He previously was “responsible for defining the technology strategy and executing an extensive change programme across the organisation.” A simultaneous effort of Svensson’s is called Finserve, and like InsureX, they are looking to apply the blockchain to an industry. The obvious and contemporaneous split in focus could be concerning for potential investors.

COO Christina Dolan, member of the Forbes Tech Council and 2016 recipient of MIT’s Harold E. Lobdell Distinguished Service Award. Over the past few years she has shown an increasing interest in blockchain technology, having taken part in last year’s IBM hackathon. She can be seen here giving a talk on the potential of the Bitcoin market:

In short, she knows her stuff, so putting her in charge of operations is a good move.

Lead Ethereum Developer Nicolas Cherence public information is limited, as are his coding chops. “He holds a master’s degree in statistical and financial engineering from Paris IX Dauphine University” and claims to have worked on financial applications before. Luckily Ethereum work is easily outsourced, so for the most part we can overlook this potential hiring mistake.

Lead user experience developer Charlotte Holmen has already proven some of her competency, having previously worked at Doctify and presumably being responsible for the following screenshots:

InsureX Token

The IXT token will be necessary for use on the InsureX platform, and it has a guaranteed deflation rate in two ways: 1) there is hard cap of ___ tokens and 2) each time the InsureX platform derives a fee from activity in the marketplace, a portion of that is forever destroyed. As a result, the value of outstanding tokens on the markets increases with the decreased supply. An example where someone might spend IXT is if one participant wanted to find someone to fill a quote he had given on an insurance deal. Others in the marketplace looking for such opportunities would be notified, and they would then be able to create a fee-generating transaction, while the fee to list the quote in the first place is already captured – meanwhile IXT itself can be used to make deals on the platform.

It’s important not to get too lost in the details – the basic idea is that you will make money if insurers actually use this platform or decide to horde the token, if you are a holder of the token at time of launch. There will likely be competing plays in this space, but the odds are high that the experienced professionals behind InsureX will know how to leverage their first mover advantage.

  • A maximum of 133M coins will be created, 100M of which are to be generated during this crowdsale, with a maximum of 83 778 Eth being raised.
  • Inflation is outside of the smart contract, so not happening.

The Verdict

This is a hot one. InsureX has done almost nothing to lose points.

Risks

The major risk is a potentially slow adoption rate or adoption being split among several competing platforms. As a speculator, IXT’s value will depend very heavily on how much it is used and needed. As such we have to caution against the acquisition of large IXT bags, however dipping a toe into the water could buy several pairs of shoes.

Growth Potential

The growth of the insurance industry will fly in tandem with the growth of the blockchain industry. Technology is enabling new forms of economic activity the world over, and all of these will eventually have insurance products tailored to them. As such, the growth of this platform, if initially successful on even a small scale, is tied to the growth of human marketplaces and population – exponential.

Disposition

A hard 7.0 out of 10, based on everything above. This figure could see serious deductions if performance/timelines become an issue and competing interests push InsureX off the table. As such, despite the high numeric rating, we encourage caution except for those already directly involved in the insurance industry, as those people can consider any losses as part of attempts at innovation in their business.

Investment Details

Open now and about 25% funded at time of writing. If you really want in, you had better get over to Insurex.co now and make your contribution. The rate at time of writing was still over 1000 per Ether. Full disclosure: this author is hoping his Ethereum wallet syncs before the end of the sale.

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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5 Comments

5 Comments

  1. magicnipples

    July 11, 2017 at 10:51 pm

    thank you for the this review

  2. bananatrue

    July 12, 2017 at 1:02 am

    This ICO had a HUGE problem with security and community management: a week ago I helped Eric from TokenMarket (who’s actually the community manager on Slack) since they had some bad security settings on Slack channel. Their Slack community is also on fire because of another security issue that allowed scammers to post on Twitter on behalf of InsureX team just one day before crowdsale went live.

    That’s a good thing anyway IMO: crowdsale is still open and I was able to contribute, since this helped to slow down FOMO. Thanks for your great review

  3. benb

    July 12, 2017 at 12:34 pm

    Did I miss some regulation? US citizens aren’t allowed to buy into this coin either? Seems that way for every ICO I’ve tried. Try to buy in, and a message comes up that people from the USA can’t contribute.

  4. muellerro

    July 13, 2017 at 3:31 pm

    Any chance you can look at Indorse’ ICO?
    Is that somehow promising?

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ICO

ICO Analysis: Nervos

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Among blockchain thinkers and scholars, it is quite established that it is not possible to increase security, decentralization, or performance without sacrificing one (or both) of the others. On the other hand, some huge improvements of these properties are needed for mainstream adoption as the biggest blockchains such as Bitcoin and Ethereum have quite low transaction speeds, high transaction fees, and other issues. Nervos is a blockchain project that is aiming to solve these problems by introducing a layered design on a chain called Nervos Common Knowledge Base.

Architecture and Design

Appealing to a layered structure is not something completely new among blockchain projects. What truly differs Nervos from the herd is Nervos CKB itself. The chain is formed by five different components:

  1. Cells: Cells are the smallest storage units in the chain. They cannot be changed, as the Nervos chain is immutable, but can be updated by the same owner of the cells creating new cells, which invalidates the old cells.
  2. Types: Types consist of data schema, cells’ data structures, validators, and cells’ validating rules. Each cell has a determinate type.
  3. Validators
  4. Generators: Generators create new cells for types and run on the client side.
  5. Identity: Identity in CKB determines the owner of a cell and allows him or her to update a cell belonging to him or her.

Nervos CKB, with these five components, forms the foundational layer of the Nervos network. It deals with what states are created within the network, but not how they are. The second layer, called Generation Layer, is used for data generation as the name implies. With this layered architecture, data and computation can use different consensus mechanisms and this makes more flexibility and scalability possible.

One of the biggest differences Nervos has is that transactions store new states, not events which usually the state machine deals with. Thanks to this, the blockchain directly stores states and blocks and no further synchronization protocol is required.

In Nervos CKB nodes of three different types work together to form a P2P network:

  • Archive Nodes: Archive Nodes takes the role of full nodes in Nervos CKB chain as they validate and relay new blocks and transactions and store the whole transaction history.
  • Consensus Nodes: Consensus Nodes take new transactions, compress them into blocks and obtain consensus on these new blocks.
  • Light Clients: Users store very small amounts of data and can run the client on desktop computers or even on mobile devices.

Token

The Nervos native tokens are used to create and store states on the chain, ensuring consensus. These created states shall be validated by full nodes, thus presumably full node runners will be rewarded by these tokens. Updating cell data and transferring their ownership costs tokens as well.

Details on Nervos’ token distribution or how the team is planning to use the token sale proceeds are not made public yet.

As for the token sale, interested investors can submit their interest in contributing via Nervos’ interest form.

Team

The team has nineteen members and the most notable ones are as follows.

Chief Architect & Co-Founder Jan Xie: Xie has worked as a researcher and developer at the Ethereum Foundation and as an architect and full-stack developer at Yunbi, a Chinese cryptocurrency exchange.

CEO & Co-Founder Terry Tai: Tai is a former core developer at Yunbi.

Co-Founder Daniel Lv: Lv, the former CEO at Yunbi, is a co-founder and the former CTO at imToken, a popular Ethereum mobile wallet.

Co-founder Kevin Wang: Wang has worked as a software engineer at IBM for 9.5 years.

Advisors

Edith Yeung: Yeung is a partner at 500 Startups and a founding partner at RightVentures. She also held several positions at Dolphin Browser, a popular mobile browser.

Chris McCann: McCann works for GreyLock Partners, a US-based venture capital firm founded in 1965.

Partners

Nervos has a partnership with Cryptape, a China-based blockchain company. Many team members also hold positions in Cryptape.

Investors

Twenty-eight VC firms, including but not restricted to Blockchain Capital, FBG Capital and Polychain Capital, have funded Nervos.

Verdict

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

Risks

  • Low community interest and no considerable hype at the moment. (-2)
  • No details on the crowdsale or token metrics are made public yet. (-1)

Growth Potential

  • There are not many blockchains with multi layer structures. (+2)
  • Backed by many important venture capital firms. (+2)
  • Team members have prior experience in blockchain development. (+3)

Disposition

Nervos’ CKB and double-layered architecture are quite promising and the team is capable of developing such a beast. But the project seems to lack hype and community interest at the moment and poor or no marketing in the future might be troubling. Nervos receives a 4/10.

Investment Details

  • Type: Native – Utility
  • Symbol: Unspecified
  • Platform: Native
  • 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

ICO Analysis : Ankr Network

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The Ankr network aims to create a permissionless, efficient, scalable blockchain, which also has built-in capabilities for interacting with existing data solutions. Its consensus mechanism is called “Proof of useful work,” suggesting that the computing resources that provide the lock will be much more efficient than existing PoW schemes. Their new consensus protocol will allow them to engage in the Distributed Cloud Computing field. It is also notable to mention that they were one of the first to implement the Intel SGX trusted devices feature.

More about ANKR network’s technology can be viewed in my previous article.

In short, ANRK network wants to change the inefficiency of existing POW blockchains and transfer all that computing power onto useful tasks. Secondly, they would like to create oracle services that will allow smooth integration of real business to the blockchain. Finally, as all new blockchains, they would like to improve the scalability of their blockchain through the introduction of plasma chain features. What I liked most is they do not aim to achieve superior numbers like 1m TPS, but only seek to implement features that would be necessary for their business.

The roadmap is rather short at this point. The project has already released their MVP and is preparing itself for the testnet launch in September of this year.

Token

The total toke  supply is 10 billion ANKR tokens. The use of proceeds is listed below:

  • Team and advisors – 20% – lockup of 7 months and vesting up to 3 years
  • Marketing -5%
  • Private pre-sale – 30%
  • Public sale – 5%
  • Mining and community – 40%

Akr provides the following use cases for its tokens:

  1. It will serve as a payment instrument on the blockchain
  2. It will serve as a mining reward for renting computing power
  3. It will serve as a community reward incentive

Team

The team is young and talented and is a part of UC Berkley Blockchain student group.

Chandler Song, Co-founder & CEO. He has diverse experience in different international companies like Didi (college intern for three months), SAP (4 months), Amazon as a software intern (4 months), and as CTO of CitySpade for five months (currently has 29 employees on LinkedIn).

Stanley Wu, Co-founder & CTO. He has strong technical skills and more than ten years of experience working for Amazon with a focus on large-scale cloud services.

Ryan Fang, Co-founder & COO.  He had some experience with credit organizations like Credit Suisse, Morgan Stanley, China Renaissance and State Street.

Song Liu, Chief Security Engineer. Principal Engineer at Gigamon for just over two years, Senior Staff Engineer at Palo Alto Networks for two years, Network Security Expert. He has skills in TCP/IP/SSL firewall coding, C, and C++ programming, and large-scale distributed computing systems.

Advisors

Christel Quek, Marketing Advisor — Based out of Singapore, advisor to Zilliqa and Switcheo Network, Founder of BOLT.

JZ Zhang, Technology Advisor — Distinguished Architect at Yahoo (over four years), Principal Engineer at Cisco (1 year), Microsoft (over three years), Blackberry and AT&T, Founder of PDX funded by Lenovo Capital. Member of Blockchain Research Group in National Internet Finance Association of China.

David P. Anderson, Technical advisor – American research scientist at the Space Sciences Laboratory at the University of California, Berkeley, and an Adjunct Professor of Computer Science at the University of Houston.

Investors and partners

The ANKR investors list is pretty impressive. Some of the more prominent investors are:

  • NGC – investment fund of NEO
  • Jlabs – blockchain division of Chinese private equity firm JD capital
  • DHVC – well know early stage investment firm from the Silicon Valley.

Verdict

Ankr is an exciting project. It provides exciting product features, focused on adoption and has the backing of serious players in the blockchain space. However, theis filled with competition, and it is hard to understand who will take the main market share at this point.

Risks

  • Competition is rather fierce even in the blockchain space. We have projects like Golem, Sonm and upcoming projects like Hypernet and Perlin as well Dfinity and Oasis Labs. -2
  • Relatively inexperienced team. -1.5
  • A long-term roadmap is not there. -1.5
  • PoUW is a new concept, so the implementation may face some difficulties. -1
  • Token metrics and lockups of private sale round could be better. -2

Growth Potential

  • A talented and ambitious team from Berkley, backed by senior engineers and advisors.+1
  • Usage of SGX chips to tap into unused computing resources may substantially decrease adoption phase. +1
  • Innovative consensus protocol. +1
  • Focus on niche industries first (specialization is better than global broad spread focus). +1
  • Github repository has committed, especially on the plasma part. +1
  • Hard cap and metrics are on the good side. +2
  • Strong backers in terms of top investment firms in the crypto space. +2
  • Part of the public sale is done through the physical token distribution (akin to Mainframe). +1
  • MVP is present .+2
  • Although most funds are raised through the private sale, it is still pretty decentralized (most parties got 200 eth). +1
  • Hype is there (50,000 people on Telegram), and reviews are generally favorable. +2

Disposition

Ankr has a decent hard cap and will probably be listed on a major exchange due to its hype and partner level. This can lead to a potentially good return in the short term, although lock up of private sale participants could be better. 7 out of 10.

Investment Details

  • Type: Utility
  • Symbol: ANKR
  • Platform: Native
  • Crowdsale: Whitelist open
  • Minimum Investment: around 400 USD
  • Price: $0.0066
  • Hard Cap: 17.8 M
  • Payments Accepted: ETH
  • Restrictions Barred from Participating: Residents of U.S / Canada / China / South Korean /Barbados & other FATF countries like Ethiopia, Iraq, Serbia, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, Iran, North Korea are not able to participate

General details :

Website: https://www.ankr.network/

Telegram: https://t.me/ankrnetwork

White Paper: on the website

Featured image courtesy of Shutterstock. 

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

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4.9 stars on average, based on 9 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: Metadium

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Although Facebook is one of the most successful that social networks ever existed, the year of 2018 did not start so well for them. The Cambridge Analytica data breach scandal had played a key role in that the CEO, Mark Zuckerberg, was even had been called to the court for a testimony. Its users’ data have been harvested by an app called thisisyourdigitallife and allegedly had used to build a software to influence voters. A rough estimation is that data belonging to 70 million users only from the US had been exploited, yet arguably this could be avoided if users had complete control over their personal data. No one else could share their data without their consent if they were stored in a decentralized system, so one of the biggest data breaches of the history would have been avoided.

As history shows this was not the first time that a data breach scandal has occurred in a centralized system and it is only rational to make a guess that it will not be the last time as well, which creates a need of an identification system such that users have control over their data, being able to choose what kind of data they share and when they share it.

Blockchain, being a highly secure technology, is likely to provide a solution in this area and Metadium, a decentralized identity platform, aims to be the standard solution for it with their product called Meta ID. This new kind of identity which is called “digital identity” will let users to have complete control over of where, when and how much of their personal data is shared. Without their consent no personal data shall leave the platform, thus making it (almost) impossible that data breaches like Cambridge Analytica can occur ever again.

Token

META is the native token which will be used for every action taking place on the Metadium blockchain. In order to prevent transaction overflows and avoid DDoS attacks any action will cost META and those collected tokens will be distributed to miners, thus incentivizing them to secure the network. The main usage of META token from a user’s perspective will be to attain attestation services. Their updating or linking their mundane identity which is defined in the whitepaper as a person’s identity backed by legal documents, will cost users tokens and attestation agencies will be rewarded by these tokens in the return of validating these users’ identities.

The initial total supply of META is 2 billion tokens with the following token distribution:

  1. 17% team and advisory
  2. 12% power to ecosystem
  3. 5% company reserve
  4. 5% token sale

1 billion META tokens, 50% of the initial total supply, were already sold for a total of 38,000 ETH in the private sale stage, averaging a price of 0.000038 ETH per token. As the crowdsale will be USD-pegged and the same rate will be available to crowdsale participants, these late-comers will have to pay much more in ETH due to a recent drop in ETH prices. No vesting period for institutional investors, unless they are advisors, exists, thus some selling pressure might be expected as only 2.5% of initial token supply is allocated for the crowdsale. A vesting period of 6-12 months for team and advisor tokens shall be implemented, though further details are not released yet.

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

  1. 10% legal and accounting
  2. 10% operational expenses
  3. 15% marketing
  4. 65% research and development

The crowdsale is expected to take place in early September and details on KYC and white-list procedures will be released shortly.

Team

CEO Justin Park – Before joining to Metadium, Park was a senior manager for Gobi Partners, a venture capital based in Kuala Lumpur, Malaysia. Prior to this position, he held the CEO position at Smilegate, a Korean game company, known mostly for their first-person shooter game ‘Crossfire’.

Co-founder Ryan Uhr – Uhr, a former chief engineer at Hyundai Electronics, has founded Coinplug, a Korea-based company providing blockchain services, in 2013. Among exchanges, prepaid cards and ATM’s, Coinplug has developed a blockchain identity verification platform, OpSign, implying that Uhr comes with great experience in decentralized identity verification platforms.

COO Richard Yun – Yun is the COO of Coinplug and a former senior financial analyst at Cisco.

The existence of many team members from Coinplug is definitely a good sign as this indicates the team’s overall experience in blockchain products.

Advisors

Bo Shen – Shen is a founding partner of FenBushi Capital, one of the biggest blockchain venture capital funds.

Roger Ver – Ver is an early Bitcoin adopter, a founding member of Bitcoin Foundation and Bitcoin.com’s current CEO.

Jack Liu – Liu is a co-founder of OKEx and is the current head of trading at Circle Asia Pacific.

All ten advisors Metadium has are quite important players in the blockchain space and can push a fast adoption phase for the project.

Partners

The only technological partner Metadium has is Coinplug. Coinplug holds the highest number of blockchain patents in Korea and the second highest in the world, which is overwhelmingly impressive. The team has previously worked on a decentralized identity product. As noted earlier in the analysis, many members from Coinplug also work in this project, bringing immense value, team synergy and experience.

Investors

Metadium is funded by eighteen institutional investors. Even though this number alone is quite striking; the existence of huge players such as 500 Startups, FBG Capital, Hashed, Smith + Crown and PreAngel in this list is just incredible.

Verdict

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

Risks

  • As the private sale was pegged to USD, ETH price has decreased immensely since the private sale took place, approximately from 880 $ to today’s 285$, unless we see a huge ETH run before the crowdsale, the crowdsale participants will have to pay much more ETH, (approximately 3x more ETH). Combined with no locking period for institutional investors, unless they are advisors, this might create great selling pressure before the project takes off. (-3)
  • Not all details on the crowdsale are made public yet. (-0.25)
  • Competition with already existing and upcoming projects. (-0.5)

Growth Potential

  • Really great team mostly formed by Coinplug members. (+4)
  • Backed by many important venture capital firms. (+2)
  • Metadium Blockchain Prototype, 1.0 & API is expected to be released in Q3 2018. This will most probably create buying pressure, or at least remove some selling pressure. In the case of the market’s finding itself in another bull run until then, Metadium might yield great returns. (+3)

Disposition

Metadium has a great team with lots of experience and aims to solve an important real-world problem. It is not unlikely that they beat their competitors by means both of adoption and the product. Metadium receives a 5.75/10.

Investment Details

  • Type: ERC20 – presumably utility
  • Symbol: META
  • Platform: Ethereum
  • Crowdsale: Early September
  • Minimum Investment: Unspecified
  • Price: $0.0325
  • 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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