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ICO Analysis: Omega One

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With cryptocurrency markets still in their infancy, exchanges are suffering from structural issues such as: lack of liquidity, lack of security and lack of transparency. In general, these structural issues inhibit large, sophisticated investors (institutional money) from participating on these exchanges. With this in mind, Omega One is developing a trade execution platform that can fix these issues and provide greater liquidity to market participants, than what is currently available.

Token

The Omega One token (OMT) will initially be implemented using the Ethereum ERC20, with plans to be available for tokens across all blockchains. OMT holders generate value from the token through membership access and the payment of trading fees. For OMT holders, a high balance of tokens leads to preferential liquidity treatment and discounted trading fees.

Since the company’s ICO date has yet to-be-determined (TBD), the white paper doesn’t list any formal allocation guidelines for the use of funds. Rather, the company lists four “potential” allocation guidelines for the use of funds:  

1 – Platform Balance Sheet

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The majority of funds raised will go towards building the balance sheet. According to the white paper, the company’s “ability to handle trading volume is proportional to the size of (the) balance sheet.” Basically, the larger the balance sheet, the more trades the company can settle on both public and private exchanges.

2 – Operational Expenses

The white paper listed typical operational expenses, such as: office space, equipment, employee salaries and benefits, and security measures for funds.

3 – Legal Expenses

In addition to standard lawyer fees, expenses will also cover licensing fees (both country and state level) in effort to adhere to any and all regulatory requirements.

4 – Foundation

A portion of the funds raised will go towards a charitable and impact investing foundation. Further details are expected to be released closer to the ICO date.

Recently. speculative reports have been released saying that Omega One will be looking to raise $950 million for the ICO. This amount has yet to be confirmed by the company, but is a reasonable expectation based on balance sheet needs.

Team

Omega One’s core team consists of credible professionals with deep domain expertise in currency trading.

The company’s CEO, Alex Keegan, was previously an investment associate at Bridgewater (the world’s largest hedge fund run by the legendary Ray Dalio).  The company’s CTO, Alex Gordon-Brander, is also the Chief Business Architect at Consensys and was previously a designer/engineer of trading platforms and APIs for various firms (including: Bridgewater & MarketAxess). The company’s Chief Strategy Officer, Mark David Bakacs, is also the founder of venture one (a blockchain venture fund) and ideapod.com (a collaborative network), and was previously a financial derivatives attorney. The Chief Trading Officer, Jon West, was previously a currency trader and crypto- portfolio manager for an unidentified UHNW family office.

The rest of Omega One’s team consists of a smart contract engineer, an operations lead, and a finance lead.

Omega’s One’s advisory board consists of nine senior professionals, including heavyweights such as Joseph Lubin (Ethereum co-founder & ConsenSys founder) and Jose Marques (Head of Trading at Bridgewater).

It’s also worth noting that Omega One has been backed and endorsed by John Mack, the former CEO of Morgan Stanley.

Verdict

Omega One presents a highly speculative buying opportunity for investors interested in long-term capital appreciation.

In order for cryptocurrencies to advance to the level of traditional asset classes, cryptocurrency trading technology needs to rival what’s being used in traditional markets. With this in mind, both liquidity and custodian services are the required next step in the evolution of cryptocurrency trading – the former is what Omega One is offering. Between the combination of robust market potential and a strong team, Omega One has a fighting chance to be a leading liquidity provider for cryptocurrency markets.

Overall, Omega One has a solid team with deep domain expertise and a clear vision that fulfills a dire need for the evolution of cryptocurrency trading. 

Risks

  • Currently, there’s no working prototype or beta version of the company’s trading platform available for test-use. Since the platform is still in early-stage development, the risk of glitches and inefficiencies is high – as is the risk of failure. -1
  • The company faces tough direct competition from Liquid by Quoine, Quantave, Exchange Union, Rialto.AI, B2BX, Keyrock, and others. For example, Quoine Liquid already has a working beta platform and has raised funds from a successful ICO (first-mover advantage) – the company is also a subsidiary of a popular exchange. -1
  • Omega One will be taking the risk of trades on the company’s books and will be paying customers from their own funds until they sell each cryptocurrency on the market. Without access to credit, Omega One’s platform could become stressed if trading volume exceeds expectations. -1

Growth Opportunity

  • As institutional investors continue to embrace cryptocurrencies, sourcing liquidity will be their primary concern. If Omega One can create a superior technology by the first half of 2018 and partner with trading desks at large banks (i.e. Goldman Sachs), demand for OMT would skyrocket as the frequency and average ticket size of trades would dramatically increase. +4
  • Omega One’s core team has in-depth experience in currency trading from one of the top performing hedge funds of all-time. The company is also partnered with ConsenSys, so technological capability shouldn’t be called into question. Additionally, John Mack can help facilitate large, lucrative deals with leading banks for the company. Needless to say, the company’s core team, advisors, and investors have the ability to create significant runway for growth.  +3
  • Settlement intermediation not only allows traders to access liquidity more efficiently, it also allows for more stability in the market as a whole. As cryptocurrency markets stabilize over-time from increased liquidity and increased participation from institutional players, volatility will likely decrease in response. A decrease in volatility coupled with price stabilization, means average daily trading volume would likely increase to unprecedented levels – which is highly beneficial to Omega One. +3

Disposition

While Omega One faces technological development risk, heavy competition and significant balance sheet risk, the company still has the potential to become a leading liquidity provider for cryptocurrency markets. Even though Quoine Liquid has a first-mover advantage, Omega One’s emphasis on balance sheet build-up may give the company a strong competitive advantage when courting institutional customers – they’ll be able to handle a higher volume of trades as compared to Quoine.

Against this backdrop, we believe that a score of 7.0 out of 10 is warranted.

Investment Details

  • Type: Crowdsale
  • Symbol: OMT
  • Pre-ICO Sale: TBD
  • Public Sale: TBD (likely in Q2 2018 after product launch)
  • Payments Accepted: TBD

Disclaimer: no position in Omega One at the time of writing.

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: Pigzbe

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London’s maiden cryptocurrency sculpture has been unveiled alongside the River Thames, reflecting a baby in a mother’s womb holding a tablet. Italian sculptor  Frederico Clapis is behind the design and was commissioned by cryptocurrency wallet Eidoo.

“The baby in the statue represents a generation being born into a world where blockchain is normal and useful for all,” according to Clapis in reports.

Eidoo isn’t the only digital wallet looking to capture the new generation for cryptocurrencies and blockchain technology. A startup dubbed Pigzbe has developed what they describe as a “piggy-wallet” which is a physical/digital hybrid ecosystem designed for children and households earning and saving funds in the 21st century. The physical end of the product is a cryptocurrency hard wallet for storing digital currencies, while the digital aspect is comprised of a decentralized app for games that kids can play on their tablet to encourage saving.

The Pigzbe ecosystem is comprised of the following  components: 1.) Wollo token; 2.) a cold-storage device and gaming controller; 3.) wallet app and educational game; 4.) Wollo card akin to a debit card for spending online and offline — in development. Pigzbe says they’re targeting hundreds of millions of children with $15 worth of weekly “pocket money”, seemingly through an allowance.

Kids and families alike will gain exposure to a decentralized financial system in which they can transfer funds quickly and cheaply within a network on the blockchain-fueled platform.

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Token

Most ICOs use the Ethereum network, but Pigzbe takes a different tack, opting instead for Stellar. The white paper states: ” A single transaction costs 1/100,000 of one Stellar Lumen (XLM) in network fees. Wollo transfers between one family member and another are settled within 3 to 5 seconds, regardless of where you are in the world.”

Pigzbe is fueled by the Stellar-based Wollo token, which the startup describes as a “Swiss-based utility token.” Nearly three-quarters of the fixed token supply will be earmarked for the public, including an “active user incentive pool.” The company will also set aside a percentage for growth including an M&A pool, among others, illustrated below.

Courtesy: Pigzbe.com

Team

The management team boasts more than 150 years of combined experience across education products. Filippo Yacob, founder and CEO, is a Forbes 30-under-30 entrepreneur who also founded Primo Toys and coding toy Cubetto, which received accolades from Montessori.

Pigzbe also boasts a team of advisors and investors, including Natale Ferrara, who is at the helm of ICO-Engine and Eidoo — the company behind the London cryptocurrency sculpture.

Verdict

Pigzbe is an ambitious project, as evidenced by its plans to replace the traditional piggy bank, but it’s also a promising one. Consider its ability to secure an early listing on leading cryptocurrency exchange Bitfinex, this project appears to have the wind at its back.  Traders are likely to find liquidity in the Wollo token.

It’s disappointing that the Wollo token won’t be issued in the United States, as American children could benefit from financial learning and tools, but Pigzbe must be looking to avoid having the coin designated and regulated as a security. But given its mission to educate children about saving and spending in a hands-on way, the project is sure to strike a chord with families who are keen on decentralization and the blockchain around the world.

Even if it doesn’t replace the piggy bank — which Pigzbe believes it should — the Wollo token could be used as an educational and fun tool for kids to learn about digital money. Familiarizing them with the blockchain and decentralization will introduce a whole new way of transacting that wasn’t available to previous generations. The cold storage is a nice touch that will teach kids early on that they need to secure their digital funds.

Risks

  • One of the components of the Pigzbe ecosystem remains in development — the Wollo card for spending online and offline. While it’s only one of several moving parts to the Pigzbe project, we like to see completion. Any products that are dependent on the results of the token sale for the development add risk. -1
  • Cryptocurrencies haven’t officially made their way into the mainstream. Without regulation, the industry is still deemed risky by governments around the world, and therefore households may be reluctant to participate in a project that is built around the blockchain and cryptocurrencies, especially as it pertains to their children or a major life milestone like saving for college. -1.75

Growth Opportunity

  • Numbers don’t lie. Pigzbie boasts more than 20,500 Telegram members; 8,100-plus followers on Twitter; nearly 5,000 Facebook followers; nearly 2,600 subscribers. +2.5
  • Liquidity. In addition to Bitfinex, Wollo has also secured a listing on the Stellar Decentralized Exchange. +3
  • As the winner of an ICO race in Switzerland, Pigzbe was awarded most of a $1 million award in addition to the Bitfinex exchange listing. +2
  • A seasoned management team in education tech and electronics that combined has “shipped millions of products across more than 180 countries.” Founding members boast project experience with technology leaders including Apple, Google, Nokia, IBM and more. This kind of experience is hard to replicate at a startup. +3

Disposition

Based on the above analysis, we reach a score of 7.25 out of 10 for the Pigzbe ICO.

Investment Details

  • Pigzbe Websitehttps://www.pigzbe.com
  • Token Type: Utility
  • Platform: Stellar
  • Symbol: WLO
  • Pre-ICO: Private until late June 2018. Email hello@pigzbe.com
  • Public Crowdsale: July 4, 2018 12:00 GMT. Whitelisting will be open shortly. Check the Wollo Telegram channel for updates.
  • Token Supply: 675 million
  • Tokens Available for Sale: 175 million
  • Price: 1 Wollo token = USD 0.12 and the equivalent in ETH
  • Public Sale Minimum Purchase: 1,000 Wollo
  • Payment Methods: ETH
  • Jurisdictions Banned: U.S. and China

Featured image courtesy of Shutterstock.

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

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4.5 stars on average, based on 15 rated postsGerelyn has been covering ICOs and the cryptocurrency market since mid-2017. She's also reported on fintech more broadly in addition to asset management, having previously specialized in institutional investing. She owns some BTC and ETH.




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ICO Analysis: AIRBLOC

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AIRBLOC is a platform for the analysis and trade of personal data, uniting buyers and companies wishing to obtain information about their customers.

As a decentralized platform for the exchange of personal data for both people and applications, AIRBLOC is planning to expand the data market to a level where individuals and small applications can participate, which will improve the quality and quantity of data transferred so that all market participants eventually benefit from this exchange.

Users will be able to monetize their own data, while monitoring and controlling transactions. Through the DAuth protocol on AIRBLOC, applications can receive permission from users and sell data on their behalf. In addition, advertisers can easily acquire and access a small amount of data and optimize their marketing campaigns using effective micro-targeting based on a high-quality and diverse set of user data.

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Data Providers are end users, and fully control the use and dissemination of data.

Gatekeepers are a network node; they keep the network from fraudulent activities by checking data and detecting user violations.

Data Collectors are applications that collect data and monetize them on behalf of users. They can collect indirect data using DAuth or collect direct data from users.

Data Refineries analyze data collected from Data Providers and processes them into user-level attributes. The processed data is then added to the user profile so that Data Consumers can filter them according to the specified attributes when creating a new segment.

Data Consumers are advertisers who purchase data for targeted ads using ABL tokens.

The protocol layers are described below:

  • Application Layer: Consists of third-party DApps that use Airbloc, including Airbloc Client, Airbloc DMP, and SDK.
  • API Layer: an interface provided for communication with Airbloc Network and third-party DApps.
  • Service Layer: Airbloc Contract, which includes all the functions of Airbloc Network.
  • Core Layer: This layer is based on the Ethereum platform. It uses the internal subchain network to verify the data and uses the interchain network to link the two block libraries.

The data in the AIRBLOC system go through the seven stages of data processing, involving all five types of stakeholders. User-created data is collected and stored after Gatekeeper checks them. The refinery will refine these data in commercially available Ad data and sell it to consumers.

AIRBLOC has many competitors, including Wibson, Datum, Bitsabout.me, Insights Network, Opiria, Metame and BitClave. However, the whitepaper explains how AIRBLOC differs from these companies.

Token

The total token supply is set at 400 million ABL. The tokens will be mined based on the annual inflation rate of 2.5% with the depreciation rate of -10.9%. The mined tokens will be stored on the AIR rewards pool. Such accumulated rewards will be given to Users and Gatekeepers as rewards. The block reward has a half-life of six years. As a result, more rewards will be given to early stage Network participants.

Nodes need ABL tokens in order to validate the date, and be rewarded in ABL as per usual POS

The token sale metrics are provided below:

In terms of token economics, AIRBLOC offers two types of tokens. One is the AIRBLOC (ABL), and the other is AIRBLOC Reward (AIR). ABL is a transferable ERC20 token and AIR is a non-transferrable token belonging to Users but can later be converted into ABL at a ratio of one-to-one.

While AIR cannot be transferred to others, it could be converted to ABL. However, it is impossible to convert ABL back to AIR.

The ABL token utility is spelled out below:

  • [DATA SOURCE] Data Providers who provide data will be rewarded with ABL tokens.
  • [DATA CLEANSING+VALIDATION] Data Validators are rewarded in ABL tokens for validating and cleansing data (removing unnecessary segments of the data) before the data is registered on-chain.
  • [STORAGE] Data Storage nodes are rewarded in ABL tokens for storing data.
  • [DATA REFINING] Data Refineries analyze data and refine them into insights.
  • [MARKETPLACE] Interactions and transactions on the AIRBLOC Data Marketplace would require the ABL token.

AIR is a reward token for Users that complete productive activities in AIRBLOC, such as:

  • Provide data or contribute to the data reliability mining process.
  • When Gatekeepers maintain AeroNetwork node.
  • Refiners process raw data into valuable data.

Inflation

Actually, I was bothered by the inflation concept, so I dug into inflation and AIR issuance.

inflation will work in two ways:

1) ABL mined by nodes through a POS which requires ABL and is set at 2.5% per annum with 10.9% decrease in yield.
2) Through conversion of AIR, which is also given to user as per their contribution and amount of AIR they have.

To get ABL tokens, you must:

  1. Buy at the exchange
  2. Receive reward from node
  3. Convert from AIR

In this sense, the procedure of AIR issuance is rather important. And for this AIRBLOC introduces a concept of AIR pool.

AIR pool will be a dynamic account, from which rewards will be given as per process described above. What is important is to understand how it is filled in the first place:

  • 10% of total supply of ABL goes to AIR pool to ensure liquidity.
  • It is filled with trading fees, data usage rights fees paid by refineries and penalties for misbehavior.

Thus we see that issue of AIR is an ongoing process. But in order to hinder potential price dumps by AIR holders, conversion of AIR to ABL per hour is limited to 0.1% of AIR generated by the network.

Team

 

Roi Nam is the CEO and co-founder. He also served as CEO of ab180 (parent company) for two years.  He was engaged in web development for 1.5 years, as well as CSO for 1 year.

Wonkyung Lyu is the Dev Team Lead and co-founder. He is also co-founder in ab180.

Hunjae Jung serves as the project’s Back-end Part Lead and co-founder  and was also part of the founding team at ab180. Naeun Kim, Design Team Leader, rounds out the founding team at AIRBLOC.

The broader team is filled with developers and business professionals that are associated with ab180.

The advisory team includes JH Kim, who is also part of the ICON Foundation. He has almost 20 years of experience in the field of security, has experience in developing patented applications, such as the FCI protocol, has the CISA qualification, and is currently the director of Theloop.

Jason Han, who serves General Director of Kakao Blockchain, is also on the advisory team. He has served co-chairman and technical director of FuturePlay Tech VC.

Serial entrepreneur  Sungjae Hwang is also an adviser to the project. He is a partner of Futureplay, the initial high-speed accelerator in South Korea and the CEO of FoundationX. Prior to these companies, he founded several start-ups. He worked as the chief product officer in Fluenty Inc. and AI chatbot startup, which was acquired by Samsung Electronics in 2017.

Louis Jinhwa Kim, who previously served as Director of the Tide Institute Institute of Finance and Delegate of the Republic of Korea to the United Nations Conference on Environment and Development (2012), is also on the team.

Partners include:

  • GS SHOP, a leading online retail platform in Korea.
  • Allbit, a new type of crypto exchange gateway. .
  • FoundationX, one of the growing funds and accelerators of venture capital in Korea.
  • VEAT, which is one of the leading law firms in Korea specializing in startup advisory services.
  • ORANGEFARM, which is focused on incubating promising startups in Korea. ab180, the parent company AIRBLOC, was incubated in ORANGEFARM as early as 2017.
  • SENTIENCE, one of the leading Korean research companies,.
  • Deblock, an accelerator in Korea which is jointly invested by ICON Foundation & Ad4th Insight, a specialized block-chain company.
  • Battle Entertainment, a leading comic platform in Korea, serving more than a million customers.
  • Humanscape, a the leading medical platform for customer relationship management in Korea, which helps hospitals monitor the condition of patients after surgery and provide follow-up services to patients.
  • Rainist, a leading Korean software company which provides recommendations for financial products based on lifestyle patterns.
  • Fysical, the world’s first full-fledged, fully functional, decentralized market for location data.
  • Indorse, a decentralized social network for professionals.

Verdict

A large team with extensive experience in the sector looks solid. The guys were able to attract consultants in areas where there are obvious gaps, as well as partners represented by ICON.

Risks

  • Based on token sale ROI statistic, marketplaces and advertising related projects do not have a good performance in the short term. -1
  • Customer attraction could face challenges. However, to offset this, the platform has developed a proprietary AirBloc Protocol SDK (software development kit) that has already been stress tested by 60 million devices in Korea. The SDK Protocol functions like a layer that can be easily implemented on top of apps, allowing acquisition of customers. -0.5
  • Platform implementation and scaling could face difficulties, as Ethereum is not suitable for this. Therefore, AIRBLOC uses the hybrid-chain architecture that uses Ethereum and ICON. Data validation and the process will be done through Aero Network, which will use ICON. Such a combination seems promising; however, without a working MVP (planned to be in Q3 2018) it is hard to judge on its performance. -1
  • There are ptential regulatory barriers in relation to private data protection laws, although the team looks prepared to handle it. -0.5
  • I do not like the fact that private sale participants get 45%, even though 30% of 45% will be locked for 3 months as their overall part in the token distribution is rather high. -2
  • The project involves a complex inflation model, which involves two tokens. -1

Growth Potential

  • Mother company ab108 is already successful in advertising market analysis in Korea. +2
  • Whitepaper and documentation are pretty good. +1
  • The team is above average with many strong developers. +2
  • A lot of strong partnerships like ICON and GS shop, Coinplug as well as several VCs. +2
  • Token metrics and distribution are in a good range with a hard cap of 20,000 ETH (around $12 million). +2
  • Strong token use case. +1
  • A good growth strategy for user attraction. +1
  • Hype is there (Telegram has 10,000+ members and lots of people are on the whitelist). +2

Disposition

This is definitely a project to look for. The team has all the necessary experience and knowledge for a successful execution. They leverage on their mother company ab108 and numerous partnerships. They have some obstacles in their way, but they have a clear plan how to overcome them. AIRBLOC receives 7 of 10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: ABL
  • Platform: Hybrid chain structure: Ethereum and ICON
  • Crowdsale: June
  • Minimum Investment: 0.2 ETH
  • Price: 1 ETH = 10,000 ABL
  • Hard Cap: 20,000 ETH
  • Payments Accepted: ETH
  • Restrictions Barred from Participating: USA and China

General details :

Website : https://airbloc.org/#main

Whitepaper : https://docs.google.com/document/d/1JFpgTbp3W76Q45HmefSpLBraZ_XeTHmdtWheYMU0czQ/edit

Telegram : https://t.me/airbloc

Github : https://github.com/airbloc

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 6 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: RedPen

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RedPen is a breakthrough social news and storytelling platform powered by blockchain and artificial intelligence. It combines news and public opinion into one experience to showcase what the internet thinks, feels and says about stories. The RedPen platform transforms online communities and information consumption while highlighting author reputation.

The company aims to build and empower the global, connected community by making the world’s information collectively understood. Like taking a red pen to the internet, RedPen will allow users to view and contribute to the most transparent, informative and contextual rendition of content and news. RedPen allows you to follow your favorite interests and identify who is talking about a given topic. The platform also intends to highlight the various viewpoints, biases, and how the crowd is feeling.

RedPen’s vision for consuming, sharing, following and discussing content can be organized into impact categories:

Time

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  • Provides more complete information, faster
  • Reduces time discovering your favorite content
  • Re-invests time to gain more knowledge about additional topics

Accountability

  • Clearly displays source attribution
  • Stores and captures opinion
  • Ensures transparency and privacy

Decentralized Control

  • Captures crowdsourced viewpoints
  • Processes distributed observations
  • Allows people to discover and learn at their own pace and depth

Context

  • Summarizes essential story elements
  • Provides rich access to less obvious information
  • Presents a broad public opinion
  • Illuminates and embrace biases

Awareness

  • Feeds people’s curiosity and passion for knowledge
  • Visualizes topics you care about, all in one place
  • Provides a more comprehensive understanding
  • Compares and contrasts across diverse sources

The RedPen system aggregates, analyzes and synthesizes diverse information being written and discussed all in one place—called RedPen Stories. Through a simple user experience, RedPen will identify relevant context, summarize public opinion and highlight author perspectives. Additionally, RedPen Stories intends to encourage people to share, connect and engage in meaningful conversations with their friends and personal networks to cultivate community and storytelling. By leveraging artificial intelligence, creative uses of blockchain, and advanced analytics, RedPen provides individuals with more complete information, faster. Through game-changing formats, dynamic content will be delivered with the necessary and appropriate context to maximize understanding and community. This ensures that the full, verifiable life of information is always available for the world to see.

Token

The RedPen token (RPN) is an ERC20 compatible protocol that will be used to acquire a RedPen Membership. Members will then be able to use RPN to purchase products and services on RedPen such as:

  • Request new content sources and authors to be added to RedPen
  • Eliminate ads
  • Renew RedPen Memberships and receive discounts

RedPen Membership includes the premium benefit of access to RedPen Reputations. Additional benefits include product opinion polls, official beta testing, access to early releases of new features, front of the line resume submissions and RPN token badges. RedPen says it is committed to rewarding users, creators, publishers and innovators in the media space. Five percent of RPN tokens will be distributed as incentives to reward socially responsible users, content creators and partners.

The RedPen ICO is following a unique format with three tiers (private pre-sale, Sale 1 and Sale 2). The private pre-sale is scheduled to begin in Q2 2018 followed by Sale 1 scheduled to begin in Q3 2018 with a price of 1 RPN equivalent to $0.82 USD. Sale 2 is scheduled to occur up to two years later.

The token distribution is as follows:

  • 60% Token Sales (Presale 20% / Sale 1 22% / Sale 2 18%)
  • 15% Team
  • 10% Advisers/Partners
  • 10% Company
  • 5%  Rewards

Team

The RedPen team is comprised of innovators, creators, marketers and engineers with deep technical expertise in data science, machine learning, data mining, natural language processing, mobile development, large-scale distributed platforms and emerging blockchain skills. A few members of the executive team are:

  • Ryan Lewis – Chief Creative Officer and Founder at RedPen. World-renowned producer, musician, music video director, entrepreneur. Four-time Grammy award winner.
  • RJ Smith – CEO, CTO, and Founder at RedPen. Former Technical Director for the U.S. Intelligence Community. Former Engineer for Goodyear. Former Computer Specialist at The White House
  • Peter Grossman – Chief Commercial Officer at RedPen. Former President for Arnold Worldwide. Former EVP, Director of Client Service for JWT. Former Board Member and CEO for QWiPS.

RedPen lists a total of eight advisers with a strong background in blockchain, government and intelligence and online publishing.

Verdict

RedPen has the potential to be an indispensable tool for people who want to understand the complete story about the things they care about and join in the conversations around them. In the current ICO market with multiple blockchain projects all vying for the fastest TPS, the concept behind this ICO is a welcome change. Investors looking for potentially profitable projects under the radar should keep an eye on RedPen.

Risks

  • A lockup or vesting period has become the norm for team tokens, which gives investors the assurance of long-term commitment. There currently isn’t a lockup period or vesting schedule listed for the RedPen team. -1.25
  • Many ICO investors look for projects with starting low market caps to increase the opportunity of high ROI. A $45 million fundraising goal is slightly on the high side for current ICOs. -1.75

Growth Potential

  • An ICO with an MVP is ahead of the game and appeals to investors. In 2017 RedPen developed an initial mobile application and software to detect story similarity and summarize language comparison. By Q4 2018, RedPen will release a mobile app focused on crypto and blockchain topics. +3.5
  • Producer Ryan Lewis and singer/rapper Macklemore are deeply involved in the creation of RedPen and are not simply lending their names as an endorsement. However, having famous people involved will definitely be a major marketing bonus that will attract more attention to the project. +3.5
  • There are all-stars on the advisory team in the areas of business, entertainment and blockchain marketing, which could sway investors to come aboard. +3

Disposition

With their unique and practical concept, star power and all-star advisers, RedPen could be one of the sleepers of 2018 with excellent potential. The ICO receives a 7 out of 10 rating.

Investment Details

  • Symbol: RPN
  • Platform: Ethereum
  • Price: 1 RPN = $0.82 USD
  • Total Supply: 250,000,000 RPN
  • Payments Accepted: ETH, BTC, FIAT
  • Barred From Participation: USA, Canada, Cayman Islands, South Korea, China
  • Fundraising Goal: $45,000,000 USD

For more information regarding Redpen:

Website: https://www.meetredpen.com/
Twitter: https://twitter.com/meetredpen

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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4.6 stars on average, based on 43 rated postsKent Hamilton - ICO Analyst on Hacked and Founder of CryptoDayTrader.io - ICO Insider Info




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