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ICO Analysis: Neuromation

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“Neuromation is a distributed synthetic data platform for deep learning applications. Unblocking game-changing computing capacity for wide AI adoption”

A couple weeks ago, like most people, I had zero clue what this meant. Since I started researching this project my eyes have been opened, and my mind blown. Three key definitions to help understand the project.

Synthetic Data:  Any production doata applicable to a given situation, not obtained by direct measurement.

AI neural network: An interconnected group of nodes, similar to the large network of neurons in a brain.

Machine learning: AI that provides computers with the ability to learn without being explicitly programmed. Solving giant math problems and self adapting when exposed to new data. The process is similar to data mining.

Neuromation is where data scientists and companies can get all their AI data analysis needs met faster and cheaper than anywhere in the world.  This is possible because they reward GPU miners for using their computational power to mine this synthetic data. After the synthetic data is generated, scientists can specify how they want to train their machines to analyze the data in record time on a separate group of nodes.

Here’s how Neuromation describes themselves:

“Neuromation is a technology platform that creates synthetic learning environments for deep learning of neural network. These simulations are then used for training better algorithms.

We are building the platform of distributed computing for creating artificial worlds where AI algorithms are trained on simulated sensory inputs. These synthetic worlds also have a virtually infinite supply of perfectly labeled training data. AI plays, as with video games, to learn specific tasks in the real world.

Our technology is crucial to making Deep Learning-based systems useful in the real world as they are taken up by industry. With Neuromation, the future has arrived where computers teach computers to perceive.

Our strategy is not to develop our platform in isolation, but to work with partners in select industries in order to try to bring our vision organically to life. We are developing “Neuromation Labs” that would develop synthetic data and train deep learning models on live applications. Each “lab” like Retail Automation Lab, Industrial Automation Lab, Pharma/Medicine/Biotech Lab will be a study on a specific problem in a partnership with a category leader. As our platform is fleshed out we will be moving parts of generation and training there, allowing us to organically test parts of our vision in real-life scenarios. The Labs will seed the Neuromation Platform market with initial data generator and data sets. We will also encourage our Labs partners to transact farther services through the platform, thus building the initial market for services.”

The Token

In order to do transaction on the platform you must use Neurotokens. To make it easy, Neuromation will provide a portal with a one click token buying process.  The platform offers 5 services; Data generation, data labeling, data purchase, model training, and model purchase.  The price customers pay for each service will depend on how much it costs for the nodes. The platform will determine the resources required for each task, then select the most efficient node pool (minimizing the cost to the costumer, while still making it extremely profitable for the nodes/miners. This brings me to the juice of this project.

Mining Knowledge instead of ETH: The reason why synthetic dataset generations haven’t seen widespread adoption yet is because of the huge deficiency of computing power. Neuromation plans to change this by offering cryptocurrency GPU miners 3-5 times what they make per hour mining crypto, to mine Neuro(synthetic data/machine learning) instead How this works is in addition to their existing mining software miners load up a neuromation computation node. This node is special because it allows miners to mine their normal cryptocurrency until Neuromation has a task available, at which time the miners will switch over to mining neuro until the task is complete.

Since I believe this to be the heart of the project, I emailed the neuromation team and asked them to break down further how their mining/node system works. Here’s what they said.

“To mine neurotokens, you will need to load our node. If your system is eligible (depending on processing capacity, bandwidth) the node will activate and wait for tasks. The nodes take on available tasks if they win an internal auction. That auction is run in tiers. Tiers are numbered from 0 to 4. Nodes in tier 0 get a higher priority (the auction will first try to distribute the task among lower tier nodes) then nodes in tier 1 and so on. When our token sale is running you only tier 4 nodes will be available.

We have a program where miners can invest various amounts into out pre-sale and secure a certain number of lower tier nodes. It is:

— 3,000 Ether for tier 0 (500 node keys)
— 1,000 Ether for tier 1 (100 node keys)
— 600 Ether for tier 2 (100 node keys)
— 200 Ether for tier 3 (50 node keys)”

Why Blockchain? Today if a data scientist wants access to a large amount of computer power he can go to Amazon and pay for it. They will charge him 12 times what it costs for GPU miners to generate it. This is a giant opportunity for Neuromation to slide in.

Distribution of Token

60 million of the 100 million total supply will be sold during the ICO.

base price = .001 or .30 cents per token + bonuses

The presale is taking place right now thru November 28 (25% bonus). you must sign up for the whitelist https://ico.neuromation.io/en/

The regular ICO starts November 28th and runs 4 weeks:

week 1 (15% bonus) week 2 (10%) week 3 (5%)

Important to note:  Over the next 3 years, neuromation will burn 50% of the total supply!

2018 =30% 2019= 20% 2020=10% (hmm, this is actually 60%, i think they made an error)

The Team

This is a seriously talented team They are out there putting in a lot of work too. Winning competitions, attending conferences, and forming partnerships (hacken.io, TaaS).

CEO- Max Prasolov has been a big time player since 2001. Here’s a short informative interview he recently did. https://cryptosrus.com/interview-neuromation-ceo-maxim-prasolov/ . I’m actually just going to copy and paste his introduction to the rest of his team. Note, I did look fairly deep into each one of these guys, all legit, max just did such a good job summing them up I  will use his words.

“I’m a serial entrepreneur and TOP manager with 15 years of experience in different sectors from natural resources mining to industrial multimedia development. I was a part of the team who made an IPO of the iron ore company, blue chip on the London Stock Exchange. But all my life I’ve been in love with graphic novels and animation. I have written and produced several animation movies. While making them I have found out that AI can be trained by showing it the cartoons. This metaphor is very close to what we are doing in Neuromation.

I am glad to work with very smart and talented people involved in our company. Our mentor and advisor Andrew Rabinovich, who is a creator of key deep learning algorithm of Google image. My partner, investor and founder of Neuromation Constantine Goltcev, who believes in me from the beginning and he brings powerful engineers to our team. A deep learning scientist and mathematician Sergey Nikolenko, who is checking our crazy ideas with the proof of scientific method.

Fedor Savchenko, experienced CGI expert who creates synthetic data generator. Kyryl Truskovskyi, a talented researcher and engineer, who implements our hypotheses in deep learning applications. Denis Popov, former CTO of Viewdle, who is helping us to hire strongest software developers all over the world. All of these people are my partners and shareholders at Neuromation”

Advisors 

They have 2 absolute beasts on their advisory board.

Andrew Rabinovich –  has studied machine learning for over 15 years. has many patents and peer reviewed publication. He is the Director of Deep Learning at Google, Magic Leap!!

David Orban (Singularity University)  apparently this guy has been a pretty big deal for the last 20 years. He’s definitely good at hyping Neuromation.

Verdict

Because it currently costs so much to “knowledge mine”, this giant futuristic AI market has yet to take off. Neuromation has the answer. They incorporate the mathematical power of blockchain miners to make synthetic data mining and machine training cheaper and faster than ever before. Its now possible that in the near future, thousands of deep learning projects and b2b clients will use neuromation to develop things we haven’t even heard about yet.

The team already has many labs in the works, and has recently boasted about their new Retail Lab, that is already providing “image recognition services to major retail brands”

When just reading the nerdy worded explanations of what synthetic data machine learning is all about, it could be hard to fully grasp what changes this can have on our entire system. I recommend watching youtube videos demonstrating the power of these self learning machines.

Risks

  • It will take millions of micro-transactions for this platform to run once fully live and running. Like every project in the space right now, scalability is still a giant issue.  I emailed the team asking how they plan to deal with this, their reply, “We are looking at HashGraph currently. EOS is also an option. For version 1 of the platform we will run an auction internally on our system and not on the blockchain, so transaction volume is not an issue until the end of 2018. For now, we will likely use HashGraph. “
  • Data is the new oil, and there will be businesses aggressively competing in all sectors . Luckily for Neuromation, and their extra cheap/fast computational power, they are far ahead of the pack when it comes to knowledge mining.
  • If they cant get the miners to adapt their nodes, then the project dies. I don’t think it will be hard to get them to switch though if neuros pays way better than anything else
  • With the timing of this ICO coming out during this fork, it may be possible they don’t sell enough tokens to reach their final goal (which requires 60k eth) world wide adoption.
  • These machines are already learning things from this synthetic data that no human has ever even thought of before. This is freaky.

Growth Potential

  • Truly unlimited
  • Neuromation plans to open an Enterprise Automation Lab where the synthetic data approach will help implement solutions in manufacturing, supply-chain, financial services and agricultural industries, to name just a few
  • According to Gartner, by 2020 85% of customer interactions in retail will be managed by artificial intelligence.

Here’s a quote from Neuromation that sums up their potential better than I can

“What is especially fascinating is that in only about a month of working on the inventory recognition problem we have achieved 95+% accuracy, a result others have spent years of effort and millions of dollars on. Significantly, the model performs well on real-life data without seeing anything but synthetic datasets during training. This breakthrough proves the viability and efficiency of our approach. With Neuromation Platform, the gateway to easy AI training at scale will be finally opened.

The potential demand for image recognition alone in the retail industry is enormous. It amounts to more than 40 billion images per year, according to ECR research of 72 of the biggest retailers and suppliers. Going further, we plan to create datasets that mimic human interaction with the shelf. We will be able to track customer flow and intent, creating a full simulator of the retail store, with a multitude of possible applications”

Disposition

I have to admit, after watchin numerous machine learning neural network demos on YouTube, I feel like a teenager who just touched his first real life boob. My mind is filled with wonder and amazement. That being said, you should do your own research. I’m clearly smitten, and could be ranking her too high.

This project is unique, revolutionary, and cheaper/faster than every competitor. The science they are accelerating with these large data mines could change the world in a lot of ways. If they grow their community, and get those miners to switch over their GPU power, the possibilities are endless At only .30 plus bonus and a lower supply of only 100 million , I feel very comfortable recommending this ICO. I wouldn’t sell it anytime soon either. This is a newborn baby giraffe, with the sexy genes she got from her mother! 7.8 out 10

Investment Details

  • Symbol: NEURO
  • Presale : now until nov 28th  join the whitelist here   https://ico.neuromation.io/en/
  • Opening sale: Nov 28
  • End Date : January 1 , 2018
  • Supply : 100 million  .001 eth per + bonus

https://neuromation.io/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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4.2 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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1 Comment

1 Comment

  1. rchive

    November 16, 2017 at 5:19 am

    It is an exciting space, and as they point out major players have started looking at this area dating back to 2010 and Google is already quite advanced In their training. Could you ask them where they’re going to be focusing and how they see Google (competitor or ally?)

    If you’re excited by this project go here:
    https://cloud.google.com/vision/

    Upload any picture you like and watch as google vision immediately comes up with guesses on what the object is.

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ICO

ICO Analysis: NODVIX

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The existence of censorship on content is a brute fact of the modern world. Although this is arguably justifiable on moral grounds in some cases, often it is used for economic and/or political reasons by governments and corporations and the ordinary people usually have none to very little power on this decision. Several countries such as China, Iran, Saudi Arabia, and Singapore are known for extensive restrictions implemented on Internet usage.

This contradicts with freedom of speech and expression and the NODVIX team provides a broadcasting platform, similar to YouTube but without KYC procedures and governmental interventions, enabling people to reclaim their right to free speech. Instead of appealing to any governmental criterion of content restrictions or bans, NODVIX is self-regulating as people acting as master-nodes restrict or ban content. Still, as what counts as illegal content differs from one jurisdiction to another, it is not clear how any confusion over such definitions would be dissolved.

The platform is designed to be live 24 hours a day and this is incentivized by a reward mechanism. Any profit made by several streams of revenue such as advertisement will be distributed among actors on the platform.

  1. Original content creators or uploaders get 83%.
  2. Supported torrent nodes get 8%. Staking NDVX tokens are a requirement to become a supported torrent node.
  3. Unsupported torrent nodes get 2%. They are not asked to stake NDVX tokens, but they get a lesser cut of one-fourth.
  4. The platform gets the rest, using 5% for marketing and 2% for platform development.

The platform works in the following way: Firstly, a visual media, whether it is a music video, news story or a film, or anything with a frame rate is uploaded to the platform by its creator or uploader. Then advertisers provide appropriate banners which are then checked by torrent nodes. A hash file which contains also wallet addresses where profits will be sent is created and stored by torrent nodes. Ads take their place in content and the content is broadcast to the platform, placed into specialized categories. Then it is available for users to watch whenever they’d like. It should be noted that as torrent nodes play a quite important role, they can choose not to broadcast some content.

Token

The platform’s internal currency, NDVX, is used by an advertiser to pay for advert airtime, by original content creators and uploaders to receive in return for their efforts and by supported torrent nodes to stake. As people who stake their NDVX tokens get a higher percentage of profits than who do not, we can say that there is sufficient holding pressure for the token.

The ICO investor should note that the base price is 8,000 NVX for 1 ETH though this is only for the last twenty days of the ICO. The sale is structured that early birds pay less ETH per token as an investor will get 15,040 NDVX for 1 ETH, almost 90% more tokens for the same cost. It should worry him or her that during the pre-ICO, contributors get 24,000 NDVX per ETH, making the pre-ICO price 200% over the ICO base price. Also, the more ETH one invests in, the more NDVX tokens he or she gets as a bonus. Thus, we can safely say that anyone considering to participate in the token sale should either hurry up or wait until the token hits exchanges.

The total supply of NDVX tokens are yet to be determined, but they will be distributed according to the following.

  1. 75% pre-ICO + ICO
  2. 12% team
  3. 9% reserved
  4. 4% bounty

It is another source of worry that team tokens are locked for 6 months, a shorter period of time than most ICOs. No information on how the team is planning to use the token sale proceeds is made public yet.

Team

Valeriya Okuneva: Okuneva is a content specialist at BAKERS, a marketing and advertising company based in Moscow.

Ryan Raymond: Raymond is a community advisor at PayFair.

Verdict

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

Risks

  • Team members’ LinkedIn pages do not show their previous working experience. (-2)
  • Token metrics do not favor the later ICO investor much. (-2)

Growth Potential

  • A demo for Windows, MAC, and Linux is already available, a rare sight for many ICOs. It can be found at the top of NODVIX’s website. (+4)
  • As supported torrent nodes (master nodes) who get 8% of the profit are required to stake NDVX tokens, there is sufficiently strong holding pressure. (+2.5)

Disposition

Governmental intervention over the content on the Internet gets tighter and tighter every single day. People living in places like China, Iran, Saudi Arabia, and Singapore experience this phenomenon in their day to day lives. In response, the NODVIX team provides a broadcasting platform similar to YouTube where original content creators and uploaders provide visual media and get paid in return. As the platform will be live 24 hours a day, people who will supply and verify the content data are incentivized to do so through a stake-and-reward mechanism. Any supported torrent node will get 8% of the profit, which is a sufficient reason to hold NDVX tokens.

It is a bit hard to evaluate the project’s value in terms of return on investment as team members’ LinkedIn pages contain very little information, yet a working demo already exists and can be found at the top of the main page. It is quite praiseworthy that Windows, Mac, and Linux versions are available. Token metrics do not favor the late ICO investor as the early bird catches not only the worm but also great bonuses. Anyone planning to participate in the sale should hurry or perhaps wait until the token hits the market. NODVIX receives a 2.5/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: NDVX
  • Platform: Ethereum
  • Crowdsale: November 22nd
  • Minimum Investment: 0.01 ETH
  • Price: 0.000125 ETH
  • Hard Cap: 21,000 ETH
  • Payments Accepted: BTC, ETH
  • Restricted from Participating: United States, Singapore, Korea, China.

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: FidelityHouse

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Many social media companies store and sell their users’ public and private data for financials gains and we all have been a victim of such acts at some point. However, it’s not just our personal data that has monetary value but any content that we produce, too. Think of a blog you have posted on your Facebook page or a blogging platform. The piece contains information and thus has value to anyone seeking such information, yet, unless you’re a professional content creator, you probably haven’t made even a single cent out of it. Some would argue that this is hardly fair.

FidelityHouse is a social content network which enables content creators to publish and get paid in return and readers to be selectively updated on their own interests. But that is not the most innovative feature of the network. Thanks to FidelityHouse Chain, any content creators can prove that he or she is the original creator of the content with reasonable fees, thus proposing a solution for one of the most important problems in the intellectual property industry.

Contrary to many blockchain projects which have only started development recently, without any working product at all, FidelityHouse is a project born in 2011 with a team continuously working on it since then. It has 63 million page views, 400 million impressions, 20 million unique visitors and 10 million videos viewed per month only in Italy. An extremely successful product which is live for seven years now hits the cryptocurrency scene to gain ground with additional features thanks to blockchain technology.

This use of blockchain allows the team to develop a fairer and more transparent content lifecycle management system, making it possible for content creators to prove the ownership of the content. FidelityHouse Chain has three components, all contributing to this very purpose. The proof of authorship tracks the existence of authenticity of any product, the proof of license proves the veracity of licenses granted by content creators to other parties and the proof of revenue documents any value generated from content.

The proof of authorship is arguably the most important component of the chain. When content is submitted, its hash value, a data which uniquely identifies it, and timestamp, containing the time of submission, is recorded onto the blockchain. As any change in the content, no matter how small it is, affects both values, the earliest content is proved to be the original one, thus proving the author of this content to be its original author. Still, as it is always possible to make “small” changes while keeping the rest intact. To protect authors and their products, a plagiarism detection mechanism is in place, which is available for a reasonable fee.

Yet not every submitted content gets published on the FidelityHouse platform. Step by step, any submission follows this model.

  1. Firstly, an author submits his or her content to the platform.
  2. Two expert moderators evaluate it and decide if it is to be published or to be revised.
  3. The content’s originality is verified by the platform’s plagiarism detection mechanism and its ownership is handed to the author.
  4. The platform gets paid for advertisements.
  5. Now the content is ready, it is open to platform users and external visitors.
  6. The revenue obtained is distributed among the content creator and moderators.
  7. These FIH tokens can be used in return for platform services or sent to exchanges.

Token

FIH tokens are used to gain access to the platform services and to reward moderators. These platform services include but aren’t restricted to timestamping and plagiarism monitoring. The content creator can purchase any single service or subscribe to a package fitting his or her needs. Any action taking place in the platform is paid or received by FIH tokens, so the content creator should have FIH tokens to benefit from platform services.

In the first stage of the sale taking place between September 1st and October 30th, a bonus equal to or over 32% is offered to private sale investors. In the following stage, the pre-sale contributors will have a chance to gain 27% bonus between October 31st and January 7th. As there is plenty of time until the pre-sale ends, the investor has no reason to hurry. Any unsold token will be burned.

The initial total supply of FIH is 1,000,000,000 tokens with the following token distribution:

  1. 50% private, pre-sale and ICO
  2. 15% founders
  3. 6.4% referral sales
  4. 6% advisors
  5. 9% team
  6. 13.6% reserve funds

All tokens except ICO tokens and reserve funds are locked for 9 to 12 months, which means there will be a very limited supply of FIH tokens in the short term.

How the team planning to use the token sale proceeds is not made public as of the time of writing.

Team

Alessandro Bellato: Bellato has worked for NEST, an information technology and services company, for over twelve years.

Filippo Marcassoli: Marcassoli was a marketing specialist at Roche Diagnostics, a healthcare company based in Basel.

Luca Del Torchio: Before joining Safilo, an eyewear company, Del Torchio has worked as a consultant at Deloitte and PricewaterhouseCoopers.

Vittorio Ferrari: Ferrari, a former marketing director at Bonduelle, has worked for Olivetti and Kodak.

Advisors

Alvise Saccomani: Saccomani is the head of trading at BANOR, an Italian investment firm.

Sebastiano Cappa: Cappa is a member of the board of directors at IAB Europe. Previously he was the head of the Italian branch at SmartFocus, a computer software company based in London.

Verdict

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

Risks

  • Bonuses provided to private sale and pre-sale contributors are a bit high. (-1.5)
  • The token appeals to a very niche audience, namely FidelityHouse platform users. (-1.5)

Growth Potential

  • The project is live since 2011 and has gained serious community interest: 63 million page views, 400 million impressions, 200 million unique visitors and 10 million videos viewed per month in Italy. (+3.5)
  • The platform is able to support any content through its lifecycle while enabling the content creator to monetize his or her efforts. Hashing and timestamping is sufficient to prove any content’s original ownership. (+2.5)
  • There is not much competition for similar projects within the blockchain sphere. (+1)

Disposition

In many content sharing platforms, their respective creators do not get paid and it is the platform owners who actually make money. FidelityHouse enables these content creators to monetize their efforts and to prove that they are the original creators of the content. Although this is a quite important problem in the digital intellectual properties industry and the use of blockchain almost perfectly fits the goal, surprisingly there is not much competition. The project has been around since 2011 and already has seen great interest, thus an audience already exists. Still, bonuses provided to private sale and pre-sale investors are a bit high, so the ICO investor should be wary. Also, the token’s usage is restricted to the platform and thus a very niche audience, which means that if the project does not attract content creators, low demand for the token can be expected. FidelityHouse receives a 4/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: FIH
  • Platform: Ethereum
  • Crowdsale: January 8th
  • Minimum Investment: Unspecified
  • Price: 0.0002 ETH
  • Hard Cap: 100,000 ETH
  • Payments Accepted: Ethereum
  • Restricted from Participating: the United States and China

For More Information

Featured image courtesy of Shutterstock.

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

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ICO Analysis: Brain Space

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As we spend more and more time on the Internet, we become more “digital” and unsurprisingly, our everyday practices keep changing. Yet, change isn’t always so simple, especially when it comes down to intellectual property. Constantly using the Internet and creating new, original content whose rights we are entitled to, creates controversies as the intellectual property market faces several crucial problems such as in the following:

  • It is hard to establish connections between businesses and intellectual property owners.
  • There is no high-quality sustainable system dedicated to intellectual property.

But no more says the Brain Space team whose primary goals are to create an infrastructure to solve problems in the industry and to provide frictionless access for authors to the international stage. The latter is especially crucial for the market and should be underlined because if it is hard, inaccessible and inconvenient for an author to register and record his or her products, a healthy market’s occurrence is hardly conceivable.

Yet this is proven to be hard in the actual intellectual properties market as “a huge increase in capitalization, the issue of infringement of the author’s rights and the misuse of someone else’s intellectual property is acute”. The author has every reason and right to demand that his or her rights are protected and his or her products are used in accordance with legal frameworks. This brings the need for a platform where copyrights, patents or other intellectual properties are registered and protected rightfully.

Creating a safe and fast platform to store all this data is not an easy task obviously, yet Brain Space has proven how serious they are by building their own data center for this purpose to support the network of nodes. It is planned to have a capacity of 5 Petabytes (5,000 Terabytes or 5,000,000 Gigabytes), 3,000 KW of energy and 500 server racks each with a 40 Gbit per second Internet connection.

Token

IMP tokens are used as universal payment tools in the platform. The private-sale price per IMT token is $0.01, the pre-sale price $0.03 and the ICO price is $0.08. As any ICO investors will have to pay eight times of private sale contributors for the same number of tokens, token metrics do not seem favorable for him or her. Any crypto-investor who has taken a likening in the project might be better off if he or she waits until the token hits the market where probably he or she could buy it cheaper than the ICO price.

The initial total supply of IMP is 2,700,000,000 tokens with the following token distribution:

  1. 10% private sale
  2. 26% token sale
  3. 5% bounty, bonus, marketing
  4. 2% further attraction in the project
  5. 17% pre-sale
  6. 15% team
  7. 25% maintaining the platform project

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

  1. 28% data center
  2. 1% ICO expenses
  3. 15% listing, marketing, and business development
  4. 7% team
  5. 2% attraction of users
  6. 2% legal and financial services
  7. 8% expansion, operations
  8. 2% legal status and licenses
  9. 15% backup
  10. 5% technical development
  11. 14% specialists
  12. 1% community events

Team

Ivan Shikhalev: Shikhalev was a software engineer at Tenzor Company.

Denis Dimitriev: Dimitriev has worked as a financial analyst at TeleTrade Russia.

Verdict

Below is a breakdown of the risks and growth potential of Brain Space.

Risks

  • As the ICO price is eight times of the private sale price, any ICO investor will have to pay eight times more than a private sale contributor for the same number of IMP tokens which does not sound like a healthy investment at all. It might be reasonable to wait until the token hits the market and hope it opens at a lower price if you are interested in the project. (-2)

Growth Potential

  • The team is planning to have its own data center, which means that the team is aiming to provide sufficient speed and security for the platform in addition to any other nodes run by others. (+2)
  • Blockchains’ immutable permanent nature is a perfect fit for intellectual property platforms. (+2)

Disposition

The intellectual rights market suffers from several problems such as the absence of a high-quality sustainable platform, the infringement of authors’ rights and the misuse of the authors’ rights as well as products. Blockchain technology, thanks to its immutable, permanent nature, has a high chance to solve this problem and Brain Space is such a platform aiming at these issues. Although one might be worried about the platform’s security, speed, and scalability, the team is planning to build its own high-capacity data center to support network needs. Still, from an ICO investor’s perspective, we cannot say token metrics are favorable as the private sale contributors had the chance to buy IMP tokens with a price of $0.01 while the ICO price is $0.08. As of the time of writing, there are still two months until the ICO, so the ICO investor should strongly weigh the project’s pros and cons before making any investment and likely consider buying tokens after they hit the market. Brain Space receives a 2/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: IMP
  • Platform: Ethereum
  • Crowdsale: January 14th
  • Minimum Investment: $100
  • Price: $0.08
  • Hard Cap: $73,630,000
  • Payments Accepted: Bitcoin, Ethereum
  • Restricted from Participating: United States, China, and North Korea

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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