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ICO Analysis: OceanEX

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OceanEx is a next gen intelligent digital asset exchange. Based in the VeChainThor ecosystem, it will serve as a trading and an asset management platform. OceanEx deploys cutting-edge AI technologies, providing an actively protected and ultra-liquid market. It will have full-fledged quantitative trading capabilities, and a rich set of investment tools and products to meet the needs of every type of investor.

From the company:

“As the VeChainThor Ecosystem grows, we see ourselves contributing our expertise and devotion and playing a significant role in VeChainThor Ecosystem. OceanEx’s trading service and related offerings will provide a bridge between the crypto world and the physical world for the VeChainThor Ecosystem. This platform is a necessity, not only for VeChains adoption, but the widespread adoption of cryptocurrency in general.”

Project highlights:

  • Lightning Fast Trading: Trading engine is capable of processing 1,200,000 orders per second.
  • AI Powered Security: Bank-level SSL secure technology and advanced machine learning algorithms to actively detect attacks and safeguard your assets and transactions.
  • Tailor Made Services: A variety of trading tools (eg. margin trade, conditional order, iceberg order) and investment products (ex. CryptoBentos).
  • Top Industry Resources: Strategic partnerships with VeChain and other industry leaders. Access to top quality digital assets.
  • Global Operating Supports: 24/7 support across all time zones with OceanEx teams located in the U.S., Luxembourg, China and Singapore,

The team is currently developing four key features, and promise many more in the future.

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  • OceanBrain: AI for Exchange Security. Closely monitors the exchange for suspicious activities. Uses advanced deep learning algorithms to detect patterns of misbehavior in the market. For all the details check out this Medium blog.
  • OceanQuant: Supports quantitative trading through OceanEx’s high frequency trading engine, allowing users to back test and deploy customized trading algorithms on OceanEx.
  • OceanMarket: Gives the option for algo traders/portfolio managers/active community members to take advantage of their influences, publish their strategies in OceanMarket; allows other users to follow and invest in them, and earn commission based on their performance.
  • OceanLab: A project incubator, supports industrial research and product innovations aiming to enhance OceanEx’s edge in the market.

For additional details check out this Q&A with the co-founder.

Token

OCE will be used in many scenarios, including:

  • Pay for fees such as: transaction fee, withdraw fee, listing fee, algo fund deployment fee, etc.
  • Voting rights in project listing pool.
  • Invitation to OceanEx’s quality community events and meetups.
  • Access to market research center in OceanLab,
  • Subscribe to and use professional developed trading tools and investment products such as CryptoBento™
  • More in the future.

There will be no public round for OCE token issuance. 27.5% of all OceanEX tokens minted will be issued to private and VeChain community round participants for a total of 4,125,000 VeChain tokens raised.

30% of the tokens will be available for the private and community rounds.

Private round total 2,062,500 VET.

Community round total 2,062,500 VET  (1 VET = 730 OCE ).

In all rounds of token issuance, only VET Tokens will be accepted for our Token Issuance.

Allocation is as follows:

OceanEx will provide a suite of open-source APIs to allow users to develop and deploy trading algorithms. The performance of the algorithms will be tracked publicly, and other users can subscribe to the algorithm with commission fees in the form of OCE

Team

The project has four co-founders and a chief architect listed on their site. They look pretty strong with lots of experience in the crypto space.

Nan Xiaoning: Co-Founder and CEO. A younger guy with a Master’s from Tsinghua (MIT outlet), 2016. Lead advisor for Vechain Foundation; has been in crypto since 2013. He established the first franchised mining facilities in China. Founder of BitOcean Japan Exchange.

Daniel Kelman: Co-Founder and CCO. Also a crypto OG. He’s on the bitcoin general council. A Taiwan lawyer and member of the NY State Bar. Co-Founded BitOcean in 2014. He’s a special advisor to the VeChain Foundation’s Steering Committee. From the web: “After getting Goxxed in 2014 Daniel moved to Japan where he worked pro bono on issues related to the MtGox bankruptcy, including co-founding WizSec to investigate the bitcoin theft. also  worked with a Japan counsel to file for civil rehabilitation in 2017–18.”

Jiayu Zhou: Co-Founder and CTO. Former research scientist for Samsung. Also interned at Microsoft and IBM. Currently Assistant Professor at MSU, where he’s been working on machine learning theories. Led the research and development of the Distributed Data Vending (DDV) framework on blockchain and co-authored EdgeChain.

Wei Wang: Co-Founder and COO. Hard to find info on him. There are man Wei Wangs. Worked for Deloitte, and was AN investment director for Loncin.

He Zhu: Chief Architect and Security. Many years as an architect for Cisco working on the company’s orchestration framework where he drove the transition of Cisco cloud orchestrator’s architecture evolution. He has a PhD, wrote a bunch of papers on cloud security and holds many U.S. patents on network and security.

There are two advisors listed for this project: Sunny Lu  ( CEO of VeChain) and CREA M (a crypto merchant bank).

Verdict

There are already a ton of exchanges, with many more coming in the near future. OceanEx needs to be able to separate themselves somehow. The team is strong, and the features they offer are pretty special.

Because VeChainThor has such an enthusiastic community, one tweet created enough hype to get OceanEx in the game. And despite not having a whitepaper or any kind of evidence of work being done, they have sold out the private sale and will probably quickly sell out the community sale.

Risks

  • From the website: “Currently, we are a centralized exchange. However, the decentralized exchange model has serious potential in the eyes of every stakeholder we have talked to. Now, what we can confirm is when it happens it will be fully built on and powered by the VeChainThor Blockchain.” -1
  • No whitepaper yet – one is supposed to be out before Q3 ends. -1
  • No MVP or GitHub. -1
  • You have to buy “OCE” token with VEN. No other way to buy it. There could be serious price fluctuations with VEN before the token releases onto the markets. -1
  • Before Bitocean Global started OceanEx, they were a different entity called Bitocean Japan. Here’s the info, make of it what you will. Bitocean Japan was founded in 2014 by Daniel Kelman and Nan Xiaoning (both also co-founders of OceanEx). The website hasn’t been updated since 2014 until recently when they started promoting the OceanEx ICO . -1

Daniel Kelman and everyone at Bitocean Japan lost a lot of money in Mt Gox, so they started Bitocean Japan in 2014. Here’s how they describe themselves.

“We are a Bitcoin startup company founded in Tokyo with the support from Bitocean and Atlas ATS. We are working on setting up a new Bitcoin trading platform in Tokyo while at the same time we are contributing to help with MT.GOX’s liquidation/rehabilitation process. The members of BitOcean Japan are all creditors of Mt Gox.” (Bitocean Japan, 2014)

Here is their explanation on why they started a new entity. From a Medium post: “…However, this did not come at a cost. Our pledge and our commitments within the Japanese Government became in conflict, and by no request of VeChain, we decided that we would push on despite them. It is for that reason that we have made the decision to push our OceanEx out in to the global market, separately from BitOcean Japan where the entity is still undergoing Japanese regulatory procedures. As the Japanese Government moves forward, BitOcean Global will once again service the Japanese population in force.”

Growth Potential

  • OceanEx is closely working with different regulators to provide fiat to crypto exchange services for many major fiat currencies. +2
  • $11 million hard cap with 30% of the supply circulating. +2
  • VeChainThor, the #20 ranked coin in crypto, recently tweeted a link to OceanEx. This is a rather large community, and with only 15% of the tokens available for sale, that should create a lot of demand for the token once it hits exchanges. +2
  • We found no info on CREAM except a teaser promo video for OceanEx. CREAM is an enterprise advisory and investment firm, working to expand OceanEx’s capital reserve, community outreach and brand exposure. +2
  • The project incubator will be very beneficial to growth. +3

Disposition

This has short and long-term potential. We give it a 6/10.

Investment Details

The ICO has only two phases, the private round (already sold out) and the VeChain community round in September. If you are interested in the VeChain community round, fill out the whitelist, then follow on twitter for further announcements.

The full version of the white paper, liquidity and investment partners, along with more detailed plans of the new token issuance process will be out in Q3,

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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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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4.9 stars on average, based on 27 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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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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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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