ICO Analysis: Leonardo Render

Supercomputers

Leonardo Render is offering a decentralized graphical rendering platform with the goal of speeding up graphical rendering via its network of supercomputers.

The opportunity to optimize the video rendering industry is fairly substantial. The current state of video rendering forces video editors to rely on the GPU capabilities of the machine in front of them.

With a top of the line supercomputer costing around $100 to $250 million (source from 2012, figures will vary but likely not by much) and annual maintenance costs of $6 to $7 million, it’s no shocker the majority of editors don’t have access to the industry’s best.

Now, take your standard video rendering you may be familiar with (ie. if you’ve ever created something in Final Cut Pro), and multiply it. For CGI and the rapidly advancing world of video production (potentially including augmented and virtual reality), video rendering can days or even months.

Leonardo Render aims to empower its users to access supercomputer level rendering capabilities via the cloud. The computer power will be sourced from various GPU farms, and consumers will be able to “rent” out these supercomputers at a highly cost-effective rate.

The project has over 23,000 GPUs users currently have access to.

The Leonardo Render team claims that the platform is currently 3x to 6x faster than its competitors.

The Leonardo Render platform will be ran by the LEOS token (an ERC-20), which is designed to convert GPU power into graphical rendering. Miners will stake LEOS to provide rendering services, and the stake size will adjust based on miner and customer incentives and the miner’s GPU capacity.

LEOS can also be used to pay for services (although the platform will also acceptETH, BTC, and fiat). The token may also give users discounts.

The whitepaper outlines the strategy to attract GPUs that would otherwise mine Ethereum to join the Leonardo Render network and make more money.

Token

The public pre-sale starts on August 8th, 2018 to October 8th with a 10 ETH minimum purchase.

10 to 100 ETH gets you a 20% bonus

100 to 500 ETH gets you a 25% bonus

500+ ETH bonuses will have to be discussed individually. There is a lockup schedule for 10 months, with 10% of tokens released monthly above 10ETH.

The public presale starts October 10th to November 11th, and the bonuses range from 7.% to 12.5%.

Leonardo Render is looking to raise between $4M to $18M ETH, with a token price of 1 LEOS = .00025ETH, with 35% of the tokens available for distribution, 48% in reserve, 10% for team, 4% for advisors, and 3% for bounty.

Team

leonardo render team

The Leonardo Render team features entrepreneurs and designers from a variety of disciplines. CEO Marco Iodice is an award-winning creative who borrows from his experiences in music composition, sound design, 3D modeling, animation, and VR programming. CTO Marcin Gucki worked for IBM as a technical leader and DB2 Administrator.

Risks

  • Limited to Ethereum in its current state: According to the whitepaper, Leonardo acknowledges there may be potential limitations such as network clogging and other economical issues of the network and will explore other variations. -4
  • Vague value and limited utility of the token: LEOS, like most other utility tokens, has its limits for investors. Token holders are anchored to the Leonardo platform for better or for worse. If the project takes off an is wildly successful and holding LEOS is profitable, great. If not, I don’t really see there being a market demand for it. -5

Growth Potential

  • Competitive edge: The Leonardo Render team claims that the platform is currently 3x to 6x faster than its competitors. +2 
  • Partnership with GigaWatt: Leonardo partnered with a 23,000+ GPU hosting facility, Giga Watt. This helps to ensure high levels of performance and reliability, security, and other cost advantages. +2
  • Immediate use case: The current video rendering processes and industry appear to be very cumbersome and expensive. If this alternative is as good as it says it is, finding paying customers won’t be difficult. +3
  • B2C and B2B focus:  The bulk of Leonardo Render’s business development look like they’re targeting medium to small players, as well as larger players such as movie/animation studios, architecture firms, etc. This gives them some flexibility in getting customers. +2
  • Early bonus on the presale (likely the stage the project will be in by the time you read this): Getting between 20%-25%+ of a bonus seems like a solid advantage, especially combined with the lock-up period for larger investors. +4

Disposition

We arrive at a +7 out of 10 for Leonardo Render. The pre-sale gives a decent bonus, and the utility of the token guarantees some sort of liquidity.

Investment Details

  • Type: Utility
  • Symbol: LEOS
  • Platform: Unspecified
  • Crowdsale: Oct. 10 – Nov. 11, 2018
  • Presale: Aug. 8 – Oct. 8, 2018
  • Price: 1 LEOS = .00025ETH
  • Minimum Investment: 10 ETH minimum (pre-sale)
  • Total Supply: 100,800,000 LEOS
  • Hard Cap: $18 million U.S.
  • Payments Accepted: ETH, BTC, BCH, LTC,  DASH, ZEC
  • Restricted from Participating: Unspecified

For more information, check out the Leonardo Render site.

Featured image courtesy of Shutterstock. 

Author:
Alex Moskov is a writer and entrepreneur with a passion for building and creating awesome things. Alex has experience in music tech startups, digital marketing, and cryptocurrency investing.