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ICO Analysis: Red Pulse

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Many people reading this will share the author’s interest in Asian markets, specifically China, where it seems virtually anything can be produced for less. Competitive labor is not the only thing about China that interests us: their vast population and language also mystify many of us. Trying to invest in China or do business with China is an arduous process. To do it in a serious way, you have to go there, and to really succeed, you probably also need to speak the language. While this will still be the case even as technology improves the situation, Red Pulse has identified a transformative business opportunity in providing a decentralized, verifiable, globally accessible resource for investment information regarding China.

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While sources of information on China’s financial markets and industries abound, information accuracy and transparency are ongoing problems.

Another thing mentioned in the early passages of the Red Pulse paper is that the on-rush of connected devices as well as new informational resources regarding the Chinese market have created a vast wealth of information, however there is also far more information available than one human can digest. This creates opportunities for bad actors and profiteers to profit through misinformation:

A common theme is for China market pundits and reputable news sources to report on a market rumor in the morning, only to have it be denied in the afternoon.

The Red Pulse whitepaper is authored by two chartered financial analysts named Jonathan Ha and Stanley Chao. Ha has a degree from the University of Pennsylvania. He spent five previous years in consulting, and also some time at LG Electronics. The company has gone from the ground to now planning to launch a massive product with the help of an ICO. They are clear throughout the paper that they don’t want you to see this as a speculative instrument, but if you’re reading Hacked, that’s precisely what you want to do, whether it’s short or long term, getting liquid is your goal. Therefore, we’ll have to dock some pointage for this, since we prefer tokens to provide value based on their utility instead of based on faith in the technology they will enable. This is only a minor setback for Red Pulse, though.

Stanley Chao just lists himself as “Data Science & Analytics Manager” for Red Pulse on his Crunchbase profile, and that he is from Shanghai. According to his LinkedIn profile, however, he has been a due dilligence analyst as well as a marketing associate in the financial world. He’s done a little of everything. One of his titles includes President.

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RPX Token

The purpose of the RPX token will be to sustain the growth of the Red Pulse information platform. What Red Pulse’s platform provides is access to accurate information and, troublingly, a reliance on people for accurate information, ultimately. We, of course, believe that AI should be integrated more, but we don’t hear much of that in the Red Pulse whitepaper. This is unfortunate. They have in their roadmap the building of an AI helper for premier clients, but that’s all they mention when it comes to using AI in their platform. We’d prefer it was used in some kind of content delivery capacity, as well, such that it could filter bad content based on various flags that readers could provide.

Nevertheless, although the Red Pulse progenitors don’t want speculation on their token, according ot the way they describe in the whitepaper at least –

RPX is the currency used to drive our monetization system, and relies primarily upon research consumers to determine relative payment amounts for each article. RPX can also be acquired by content consumers that wish to further increase the baseline RPX reward attached to research“prompts” that are initially funded by the Red Pulse platform. Doing so will prioritize certain research “prompts” to be more lucrative for content producers. […]

We consider the RPX token to have practical and sustainable utility as a mechanism for driving our research platform, and should not fall under the definition of a financial security. That being said, we are exploring the necessary requirements for SEC registration. In the interim, we will not be accepting U.S. citizens as part of our RPX crowdsale, to ensure we are operating within current regulatory policies.

They list a number of different applications for the RPX token, however, all of which incentivize people to hold the token in advance of people requiring said tokens for these purposes. This is called speculation, even if it is long-term, optimistic speculation, as some of the use cases go.

But one of the use cases listed is for Steem-like, decentralized content platforms for people to share information, incentivized by RPX tokens. Another is a content rating system that is decentralized for accuracy. This will cut through some of the professional rumor mills and even allegedly government funded shops that influence the Chinese markets.

In contrast to more established financial markets such as the US and Europe, where institutional investors make up more than 90% of participants by trading activity, China’s stock market activity is dominated by individual investors, representing an estimated 80% of all trading activity.

The above statistic stands out, because it demonstrates that there will probably definite be a strong demand for the RPX token when the Chinese market begins to use it for bilateral trading information.

Thus, while the goal of the team at Red Pulse is to attempt to maintain some form of steady value so that information in the market place can work through a reasonable price discovery phase, it would seem that if demand is high, the value of each token will obviously increase. This will mean that those who get the token earlier on will have some advantage over those who come in later, since the token has virtually immediate utility in a useful enterprise – namely, real-world business applications.

The versatility of the token outlined in the whitepaper also entails many use-cases not envisioned. As with anything very well-done, there are future uses which are not envisioned. This is to allude to a point made by the author in an earlier analysis, regarding Enigma, in which he concluded that Red Pulse could and likely should simply expand to consume the functions that Enigma is promising the world.

Chinese Government Implications

Another thing that the Red Pulse terminal will be able to provide people is information about the regulatory environment of China and wherever else the terminal is operated and people provide information. This is useful to people trying to conduct international business on their own. Often, without long, expensive travel, it’s difficult to get things together in such a way that you really have your finger on the pulse of even your own business. Tools that would enable you to have accurate information about the pursuits you were engaged in abroad would be useful.

However, a reader made a useful point to this writer: it seems that anything done in China, the government likes to get its hands into. So we must always be wary that another effort will lift off somewhere else, provide all the same and more services, and Red Pulse will be left in the dust. Short term though, as an investment, it’s likely to be an earner, from flash to bang.

The Rise of the Crypto Bloombergs

As a closing point on the Red Pulse technology and platform, we have to add that it will not be the only. We foresee many such products reaching the market. Red Pulse will be one, but probably not even the only one, that specializes and focuses on Chinese-Western trading. Others will follow.

The Verdict

This author suggests that short and long-term, Red Pulse has a great product, a great team, and the tokens have a great future ahead of them. We land relatively high in spirits and numerical score here.

Risk

  • The risk of government still managing to interfere with, act upon, and influence information in the system is strong. We deduct 2.25 points for the likelihood that some problems will require technical solutions.
  • A lack of next-level smart solutions, like AI to rate content and trade patterns, behaviors, and beyond, is problematic. We’d like to see more forward-looking firms in such a forward-looking space. -2

Growth Potential

  • Everyone in business knows that volume is only heading more and more to Asia, and international trade is only growing. Those first to market with tools and terminals which provide real-time, accurate information to those that need it will be very valuable assets indeed. We believe the product is solid, and that it will deliver results, and that this will bring value to the token holder. +6
  • Further, we find nothing at fault with the team. In addition to the impressive founder we have in Jonathan Ha, there is also Peter Alexander for a chairman. Alexander previously worked at Prudential in Asia. +4
  • For general excitement, we lend an additional point which may later be deducted. +1

Disposition

We arrive at an 11 – 4.25, or 6.75, relatively high in the high tides of ICOs these days. We really suggest you think long and hard before passing on the first NEO ICO. Presumably, this will raise tides for NEO as well, but we weren’t here to discuss that aspect.

Investment Details

Red Pulse only want to raise $15 million dollars. They will be selling the RPX tokens at a rate of 1000 to 1 NEO. Bonuses will be paid depending on the day (for day 1, 30%, day 2-3, 20%, and day 4-7, 10% bonuses respectively ) you invest, but one imagines this token sale might be over the first day. We recommend preparedness; acquiring NEO via Binance or one of the other exchanges is advisable in the meantime. Check https://coin.red-pulse.com/ sometime before September 10th to ensure you are prepared.

The author reserves the right to invest in Red Pulse.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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23 Comments

23 Comments

  1. sinos

    August 29, 2017 at 11:59 am

    Thanks for the Red Pulse analysis. From reading here and on the ICO page it’s not clear which neo wallets are supported… Or can I just use my Bittrex wallet?

    • P. H. Madore

      August 30, 2017 at 12:04 am

      I’ve never participated in a NEO ICO yet, but I assume the main thing should be that you can send it to them. I would ask them for specifics, as I didn’t see that anywhere myself. I should have looked into it, and perhaps I will when I cover it again closer to the ICO. I live in the US so I may have to wait until after the ICO to get RPX tokens.

    • ddreifuerst

      August 30, 2017 at 2:30 pm

      Where can we get rpx post ico?

      • Inverstor Clouseau

        August 31, 2017 at 1:38 pm

        Binance for now. Though they’re looking at other exchanges they said

        • ddreifuerst

          August 31, 2017 at 8:26 pm

          From my reading of SEC’s July announcement it’s not illegal for us citizens to participate in an ico. Red pulse is just not allowing us citizens to participate to not deal with the sec am.i correct?

          This a company policy not a if you participate you are in trouble with the law policy

          • Inverstor Clouseau

            August 31, 2017 at 11:00 pm

            Right, but I hear they will request passport or other ID, proving that you are not a resident of Singapor, China or the US.

    • mitchpah

      September 4, 2017 at 1:39 pm

      Hi Ph, what’s your analysis post NEO dump and news that china has banned ICO’s?

      • mitchpah

        September 4, 2017 at 2:10 pm

        / could it be possible this is some intentional market manipulation by the Chinese government?

  2. bluntt

    August 29, 2017 at 5:32 pm

    what do u think about the recent turn of events and how would you rate redpulse after they said the wont allow residents of china to participate in the sale?

    • P. H. Madore

      August 30, 2017 at 12:03 am

      I don’t think it’s fatal. I think if they meet their funding goal, there will be RPX available for the people who weren’t able to get in on the ICO.

  3. Titanbooker

    August 29, 2017 at 9:55 pm

    I couldn’t find this information in their FAQ. Will it be a first come first served sale? What is the maximum contribution? I’m registered in their list, so I hope there will be some more information but just checking if I’ve missed sth.?

    • P. H. Madore

      August 30, 2017 at 12:02 am

      It doesn’t mention a maximum contribution, but it will be first come, first served. You will have to meet their KYC guidelines, as I understand it. I’m probably going to end up waiting until this one hits the exchange, to avoid any problems.

    • dnyoto

      August 31, 2017 at 8:12 pm

      There is a hard cap of 50k USD per person and you can only send once. If you send more than the cap, it will be automatically returned to your wallet. This is programed in its smart contract.

  4. Titanbooker

    August 30, 2017 at 12:23 am

    Thanks! Are there any tricks as with Ethereum ICOs where you increase the gas? If they release the recipient address slightly earlier, should I send immediately thereafter or only send when the time hits the full hour? Heard crazy stuff about ICOs selling out in 15 seconds, so just want to be prepared as with the low cap and no maximum contribution this will likely be another one of these.

  5. gxd01

    August 30, 2017 at 9:06 am

    Any comments on the fact the NEO wallet(s) need to be updated in order to actually transfer the coins. My understanding is we can see them, but not do anything until a separate DEV team update their wallets to allow that. I am sure they will – it’s just an added risk?

  6. Inverstor Clouseau

    August 30, 2017 at 2:12 pm

    With China out it gives us a small chance to get in on this. Which NEO wallet is reccommended?

  7. cryptonoob

    September 2, 2017 at 8:53 am

    There’s another wallet that will be updated to display the RPX token if you get it from the ICO. I’ll post the name if I can find it. Anyway if you manage to be part of the ICO, the token will be associated with your NEO wallet address so you don’t need to have the updated wallet GUI to get the tokens.

  8. Ksisis

    September 4, 2017 at 7:18 am

    Is there a mistake in time zones on RPX web site? 09 00 EDT not equals 21 00 CST

    TOKEN SALE PERIOD:
    2017/09/10 (0900EDT/1300GMT/2100CST)

    • cryptonoob

      September 4, 2017 at 8:06 am

      This CST is China Standard Time, not Central Standard Time

  9. tutul

    September 6, 2017 at 11:54 am

    so basiclly they are doing research.
    its look like veritasium offer the same thing.
    robbots that doing reaserch.

    is there any reason to belive this one is going to the moon?

    • beaupain

      September 6, 2017 at 4:42 pm

      its chinese and majority of the investors are asians in the cryptoworld. whilst ico is forbidden, the purchase of coins is not. Hence, 2nd market could be massive.

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Analysis

Cryptocurrency Analysis: Ripple Continues Rampage as Litecoin and Ethereum Enter Correction

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Ripple remained in the center of attention in the segment after breaking out to a new all-time high yesterday, and the coin almost doubled in value, climbing above the $0.80 level. The currency concluded a 6-month long consolidation pattern with the move after being the only major on a long-term buy signal in our trend model.

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XRP gave a short-term sell signal today, while turning neutral regarding the long-term setup. Investors now shouldn’t add to their positions, although further gains are still possible, and reducing holdings somewhat is a good idea here. Major support is still found at the prior high near $0.4250 and in the $0.30-$0.32 range.

XRP/USDT, 4-Hour Chart Analysis

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While Bitcoin stagnated, and Bitcoin Cash jumped, Ethereum, Litecoin, Dash, and IOTA has been drifting slightly lower, although the recent gains are still mostly intact, and the basic setup in the segment is unchanged.

Litecoin fell below the $300 level after yesterday’s consolidation, and the coin faced strong selling pressure in the latter half of the session. The currency remains extremely stretched regarding the long-term momentum indicators, and although the short-term uptrend is still intact, a deeper correction is likely in the coming weeks, with key support levels found at $125 and $100, and weaker levels at $260 and $170.

LTC/USD, 4-Hour Chart Analysis

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Analysis

Daily Analysis: Dollar Falls, Gold Jumps after Yellen’s Final Move

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Wednesday Market Recap

Asset Current Value Daily Change
S&P 500 2668 -0.02%
DAX 13125 -0.45%
WTI Crude Oil 56.65 -0.68%
GOLD 1258.00 1.35%
Bitcoin 16,100 -6.32%
EUR/USD 1.1842 0.73%

The Federal Reserve hiked interest rates as expected today, and although the central bank’s monetary statement was slightly more hawkish than expected, the market’s reaction didn’t reflect the much-anticipated move. The worse than expected Core CPI reading that underlined the low-inflation narrative weighed on the recently strong Greenback, while stocks were unchanged after decision and bonds gained ground as yields retreated.

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EUR/USD, 4-Hour Chart Analysis

The major indices are hovering near their all-time highs with the DOW leading the way higher, hitting a new record for the second day in a row. While volatility Is expected to remain low as we approach the end of the year, market internals and valuation levels are still concerning from a long-term perspective, and stocks outside the US are also negatively diverging. The action in crude oil could be slightly more interesting as the commodity is starting to act in a slightly bearish manner after a grinding multi-month rally.

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WTI Crude Oil, 4-Hour Chart Analysis

The Brexit process is still in the center of attention in Europe, although volatility took a nosedive on the old continent as well, and it’s unlikely that the Christmas period will be much different, given the predictable drop in volumes and trading activity. The date of the next election in the financially and politically troubled Italy has been set to March 4th next year, and the early date caused some turmoil in the countries assets, which dragged the Euro Stoxx 50 lower today, together with the DAX and the other major indices.

Cryptocurrencies

As the total market cap of the crypto-market crossed the incredible $500 billion mark, Ripple, NEO, and Ethereum made headlines with lofty gains in the face of the severely overbought readings elsewhere in the segment. While XRP and NEO are still not overbought from an investment perspective, Ethereum reached our final target for its break-out and triggered a long-term sell signal.

ETH/USD, 4-Hour Chart Analysis

The previously surging IOTA continued its correction, Litecoin consolidated in a relatively narrow range, while Dash, ETC, and Monero scored marginal new highs before turning lower together with BTC. The most valuable coin that has lost some of its momentum “mojo” in recent days fell back below last week’s highs, and that could mark a failed break-out and a start of the deeper correction that seems more and more likely.

BTC/USD, 4-Hour Chart Analysis

Key Economic Releases on Wednesday

Time, CET Country Release Actual Expected Previous
11:30 UK Average Earnings 2.5% 2.5% 2.3%
11:30 UK Claimant Count Change 5,900 3,300 6,500
11:30 UK Unemployment Rate 4.3% 4.2% 4.35
15:30 US Core CPI 0.1% 0.2% 0.2%
15:30 US Crude Oil Inventories -5.1 mill -3.6 mill -5.6 mill
21:00 US Fed Rate Decision 1.5% 1.5% 1.25%
21:00 US FOMC Statement

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Analysis

Technical Analysis: Volatility on the Rise Again, as Ripple and Ethereum Hit Targets

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Ripple has been the star of today’s session in the cryptocurrency segment, as the only major coin on a long-term buy signal in our trend model continued yesterday’s break-out, and surged to a new all-time high. The currency cleared the $0.425 level that marked the top in May, and after the more than 6-month long consolidation phase, it promptly neared the $0.50 level.

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While the short-term momentum indicators are now stretched, the coin is still in an encouraging long-term setup, although the best period to buy already passed. The coin could be dragged lower in the case of the expected broad correction in the segment, but we expect XRP to outperform in the coming period, with support levels found at the prior high and below that in the range between $0.30-$0.32.

XRP/USDT, 4-Hour Chart Analysis

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Ethereum has been the other top coin on the rise, as the second largest digital currency surged past the final range projection target of the break-out two weeks ago at $685 in the aftermath of the launch of the BTC futures on Monday. The ETH token is now also on a sell signal on all time-frames, and we advise investors and investors to wait for the next major correction to establish new positions. Support levels are now found at $575, $500, $480, and $400.

ETH/USD, 4-Hour Chart Analysis

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