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ICO Analysis: Supercomputer Organized by Network Mining (SONM)

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Networked resources have long been a profitable corner of the technology market. Some of the largest online services today are in storage, content delivery management, and large-scale processing. Today, the brunt of the web’s work is conducted by a few major, centralized corporations, including Amazon, Digital Ocean, and Oracle, all of whom profit handsomely when start-ups and others go to them for hosting, processing, and more.

These corporations are able to offer affordable rates through scaling. But what if the scale was market-driven, infinitely expandable and downsizable, and could be contributed to by most devices in the world? And what if you, the daily user, could sell your unused computing resources to a massive decentralized network in order to offset your broadband and other costs, or even to profit? That’s the idea behind the Supercomputer Organized by Network Mining (SONM): a global, decentralized, incentivized cluster of computing power, and one of a few promising plays in the distributed computing market.

The SONM token will be the currency of the Supercomputer, although users will be able to enter the economy with virtually any other payment method, at which time their tokens are immediately converted at the market rate. Then there is a market as to the offerings of providers, the cost of the services, and the like.

SONM will have utility for all types of users, from everyday gamers who want alternative, inexpensive global networking for their gaming (such as the tournament they are running on their platform beginning next week) all the way to tech start-ups, and even Google, Amazon, and the others who may see it as a good way to quickly expand when demands from industries call for it. Although, eventually, it would seem, their centralized model will fall to the decentralized mode. This is the arc of most networked technology, anyway, but there would necessarily be a long period of co-existence. As Professor Ozan Onay recently wrote,

Use of large scale dataflow engines like Hadoop and Spark can be particularly funny: very often a traditional DBMS is better suited to the workload, and sometimes the volume of data is so small that it could even fit in memory. Did you know you can buy a terabyte of RAM for around $10,000? Even if you had a billion users, this would give you 1kB of RAM per user to work with.

SONM will create a corner of the market where the cost of these resources is drastically reduced, distributed amongst many providers, and tailored better to the needs of the customer. SONM and other efforts like it will lead to industry-creating and shifting dominance factors – meritocracy can return to Silicon Valley with a vengeance in terms of service offerings. A small effort can forego a drawn-out funding process and get off the ground with private equity with greater likelihood when the cost of resources can be dropped double-digit percentages.

Moreover, SONM, or an effort like it, will create economic activity all throughout the chain. It will raise any ship it comes into contact with, including currencies it is tradable for, like Bitcoin. People with little means but lots of merit will have renewed opportunities to provide for themselves.

All of this sounds quite utopian, perhaps overly bullish for an analyst, right? Well, that’s because it’s just around the corner.

[…] we are referring to decentralized organizations of computing machine resources, and not decentralized human organizations. Most of the data in the current IoT state of development is being processed by private centralized clouds – i.e. using cloud technologies, like AWS, Microsoft Azure, etc. [… ]Centralized cloud technologies have several weaknesses and can’t be used in [Internet of Everything].

SONM is underpinned by what they call SOSNA:

SOSNA is a global operating system built on the nesting doll principle. It is important to understand the structure of SOSNA in order to internalize this concept. Let’s go from the end-user application to outer-layer infrastructure. SOSNA itself is a top layer envelope that works with the Grid-core (BOINC, Yandex.Cocaine/ Other grid-compatible PaaS) and the infrastructure of SONM smart contracts.

Lots of buzz words in there, but the gist is this: SOSNA makes the the whole thing work. It’s SONM’s blockchain, in a way, and is built from other components.

How the SONM Market Works

Fog computing or fog networking, also known as fogging, is an architecture that uses one or more collaborative multitude of end-user clients or near-user edge devices to carry out a substantial amount of storage, communication, control, configuration, measurement and management.

Anyone with a desire can commit resources to SONM and receive SNM tokens from whitelisted gateways which are called “hubs.” These hubs pay a .5% fee for the privilege, and part of this fee is redistributed to all of the token holders at the end of each month.

Users can deposit a multitude of currencies, which are then converted to SNM tokens and then used to buy resources. This method of on-boarding allows for a more unified value figure to emerge, but external trading is bound to pick up additionally, which could make some pairings less appealing than others at various times. It may be that the most common way to on-board with SONM will be credit cards, just like any other computing rental situation. That this does not negatively effect the value of the SNM tokens themselves, but rather buoys them by having tertiary metrics to measure them against, is a nice feature of the system.

According to the Business Overview,

The wider the usage of SNM tokens for computational power purchases, the higher will be the market demand for the token on exchanges, and the higher the price in comparison with the initial ICO price.

SONM Team

Sergey Ponomarev is the genesis of the global operating system concept and SONM. One of his handles is JackBekket, whose Github page lists a few cryptocurrency-related projects. One of these is an Ethereum escrow smart contract.

At the helm of the important parts of SONM is someone with the right stuff. Anton Tiurin still works as a senior software developer at Yandex, on the Cocaine project, which is used in the SONM project overall. This experience and placement in the regional software development community (so that he can tap other developers when need be) is a big plus to the project. The right people for the right job cannot be stressed enough. Tiurin is highly active on Github, where he maintains several repositories for Yandex and himself personally.

The whole of their actual development heads have more competancy than several other ICOs we’ve reviewed combined, looking over their achievements and contributions to software. Most seem to be on the innovative side, such as Max Taldykin, who is working on “provable off-chain Ethereum calculations.” If any points are deducted in terms of the software here, it will not be due to a lack of faith in the skills of the team in question.

The Verdict

This is one of the most ambitious, interesting, and promising ICOs we’ve seen in recent times. The token itself is just a vehicle; the platform is what matters in terms of the token’s value. Timing is everything, and the demand for decentralized computing services is going to exponentially increase, well, forever. As more and more millenials enter the job market or start businesses, technology will increasingly become the world’s foremost human-involved industry. As such, the market for less expensive big boy resources will expand with each graduating class. If they were trying to launch this around the time that AWS started taking on more non-enterprise customers or DigitalOcean was launched, they probably would have been too early to the game.

The profitability of the token will rely on the platform, but the platform has good odds of success. In their business overview, SONM addresses the question of how they will ensure their own solvency:

The SONM project, according to the criteria of the classical business, will operate without profit until the project reaches the planned capacity. Capital attracted in the ICO will be enough until at least 2023. […] Thus, the risks associated with the possible bankruptcy of the operating company SONM are eliminated. If the token is not fully bought out during the ICO, the project’s financial security boundary is 60% of the planned volume of placement (156 thousand tokens). In accordance with the DDM model (Dividend Discount Model) with a token price of $ 0.14, it will be 6% more than the price of the token on the ICO. The token price calculations are conducted without taking the speculative influence into account.

So long as the SONM itself is around, regardless of token value, your tokens will have utility. There may be times when you can get more value for the tokens than you could sell them for at market. But the likelihood of you ending up with completely worthless tokens by going in on this ICO is comparably much lower in the spectrum of things. For this reason we are giving the SONM project a 9 on the 0-10 scale of ICO investment safety. The good news for those that want to watch and wait is that SONM will not be the last play in this market. Those looking for a good play in distributed computing can either try this one or wait for an improved version of it to come along.

Disruption is the nature of technology. Technology disrupts nature, after all. The disruption of the cloud computing market by the introduction of fog computing alternatives will be a kingmaking, interesting time for the IT world.

Investment Details

Coinciding with the public test of the platform the SONM ICO will launch on the 15th of June. A formula was used to determine the price of SNM tokens, and the base rate being given on the site is 636 SNM per Ether invested. Bitcoin and direct deposit will also be accepted, and altcoin users can use Shapeshift to facilitate Bitcoin investments.

The ICO will run until July 15th, and based on the percentage of SNM already sold, a bonus is available for early birds. For example, those who buy before the first 10% are sold will receive a bonus of 15%, so 731.4 SNM per Ether invested.

20 million tokens will be withheld from sale and kept with the SONM Decentralized Autonomous Organization. These tokens will be used to award employees and also formulate SONM’s voting power in the DAO. SONM is looking to raise a maximum of around $63 million given the current price of Ethereum, and it will use the funds in this way:

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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5 stars on average, based on 2 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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9 Comments

9 Comments

  1. thermits

    June 10, 2017 at 8:29 pm

    Interesting seems this will be the decentralized version of SpatialOS https://improbable.io/games

  2. thomashall

    June 11, 2017 at 10:37 pm

    How does SONM compare to Golem and the general competitive landscape for decentralized computing power?

  3. demetrist

    June 12, 2017 at 7:15 am

    Thank you for the analysis, was wondering how this project compares to golem project?

  4. elminv

    June 14, 2017 at 8:26 am

    Yeah would love to hear how it compares to golem, any thoughts anyone?

  5. gxd01

    July 22, 2017 at 3:52 pm

    Hi, I just became a member of your site – and noticed this is your highest rated (and now closed ICO). Now it’s out do you still feel the same about it? From what I can see 1ETH was 2824SNM, and now 1 ETH = 5600 SNM on the market. Is Iex.ec or golem better?

  6. jimison

    August 10, 2017 at 7:11 pm

    Could you please update this analysis?!

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ICO

ICO Analysis: Bounty Angels

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ICO bounty programs are popular among investors and blockchain startups alike. They give opportunistic cryptocurrency investors a way to earn tokens for promoting a project and they give companies a way to market their project.

Bounty Angels is looking to automate the process, matching who the company describes as “blockchain entrepreneurs,” or bounty hunters, with ICO founders. Bounty programs are marketing campaigns launched by companies in which bounty hunters can earn tokens for touting the upcoming ICO. It solves a problem for a new startup that might not have the marketing muscle or the capital to gain the global exposure they need for a successful launch.

Bounty hunters, however, face many hurdles in identifying relevant projects to promote, in some cases being overlooked for a lack of a track record, for instance. ICO founders also face challenges, including engaging with bounty hunters who break the rules.

Bounty Angels is offering a solution, one that automates and streamlines the bounty process for both sides. Bounty hunters generate a performance history and that data is then shared with ICO founders on the Bounty Angels platform. For the bounty hunters, they won’t have to worry about engaging with a worthless or scam project, as Bounty Angels vets all of the ICOs that are on its platform. There is an alpha version of the platform available today, according to the company’s blog, though when we clicked on the link it appeared to be down for maintenance.

Artificial intelligence appears to be part of the long-term plan, as evidenced by the white paper that states: “Automated technologies when coupled with the expertise of professionals and, going forward, artificial intelligence, will allow [us] to create an all-new image of Bounty programs.” The team admits it is an ambitious goal, one that involves “launching our service around the world … to attract the highest possible number of customers and Bounty Hunters.”

The project is powered by the BANG token, which bounty hunters have the option to accept as a reward for their marketing efforts. Bounty hunters can also choose to accept free tokens from the project they’re promoting.

Token

The Bounty Angels  BANG token will be issued in the ICO. BANG is designed to fuel the project’s ecosystem including payment to bounty hunters and can also be exchanged among token holders. The company maintains that the BANG token cannot be deemed a security or any other financial instrument.

 

Source: Bounty Angels

There is also a bonus program.

Source: Bounty Angels White Paper

Team

Anatoly Krasovsky is at the helm of Bounty Angels. He’s also a project manager at NEWSBTC, according to his LinkedIn profile. The company’s CTO, Andrew Tar, is also a journalist.

Verdict

The Bounty Angels ICO has the potential to catch on like wildfire among ICO investors. It’s an engine to connect bounty hunters with the best blockchain projects that are looking for marketing. While the project displays tremendous promise, it doesn’t appear to have advanced enough from the concept stage, as evidenced by its dependence on the ICO funds to both develop the platform and hire developer talent. Once these pillars are in place, there could be no stopping Bounty Angels.

Risks

  • The company is still hiring developer talent for the creation of  “complex smart content that will
    make it possible to automate distributions.” The fact that the developer talent is not yet in-house exacerbates the risk for investors as it could lead to delays in the building out of the ecosystem until the team is a well-oiled machine. Not to mention if the fundraising efforts fall short and prevent them from hiring top talent. (-3)
  • There doesn’t appear to be a mention of mobile anywhere in the white paper. While this doesn’t necessarily mean that an iOS and Android app isn’t on the horizon, it may be far down the roadmap if it didn’t warrant a mention. (-1)
  • Bounty Angels is not the only rodeo. They allude to a competing project, Bounty0x. (-1)

Growth Opportunity

  • Research suggests that there’s a direct link between bounty programs and ICO tallies. The larger the bounty campaign, the higher the amount that the ICO ultimately raises, suggesting that the engagement of bounty hunters pays off. According to Element Group, which performed the research, “[A] $1 increase in bounty campaign volume predicts between an $8 and $15 increase in the final amount raised.” This should incentivize ICO founders to participate in bounty programs and potentially join the Bounty Angels platform. (+3)
  • Artificial intelligence is a key technology that could propel the platform beyond the competition, especially if said competition isn’t automating their process yet. While it’s unclear when AI would be implemented, it does appear to be on the roadmap. (+3)
  • According to the website, Bounty Angels has received a good amount of media attention, which may have something to do with the fact that its management team doubles as journalists. This is a plus for the project and its upcoming ICO. Also, if the adage ‘you get what you pay for is true,’ that’s a plus for Bounty Angels as it’s a paid platform. (+2.5)
  • What the company describes as “intensive work” on the project hasn’t even begun yet. While we could view this as a risk or reward, we decided to count it as a plus, as it explains why so much has yet to be done. It also reminds us that Bounty Angels has yet to reach its full potential of where the project can be when it is in full-throttle. The beta version is scheduled for January 2019.  (+3)

Disposition

We come to a score of 6.5 for the Bounty Angels ICO. Keep in mind we will plan to revisit this project once it kicks into high gear.

Investment Details

  • Token Type: ERC20
  • Platform: Ethereum
  • Symbol: BANG
  • Pre-ICO: Sept. 3, 2018 – Oct. 3, 2018
  • Public Crowdsale: November – December 2018
  • Token Supply: 20 million
  • Tokens Available for Sale: 14 million across the pre-ICO and ICO
  • Soft Cap: Pre-ICO = $100,000
  • Hard Cap: Pre-ICO = $500,000; ICO = $3.5 million
  • Token Price: to be announced
  • Payment Methods: to be announced

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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4.6 stars on average, based on 24 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

ICO Analysis: Zeex

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Zeex is offering users the ability to exclusively use crypto when shopping at various outlets. Users will be able to directly purchase whatever items thy want from their brands of choice without having to convert their crypto into fiat.

The following video shows Zeex in action outside of the Consensus conference at a Starbucks, where the CMO Apan Amos Damri uses their beta version to buy a cup of coffee using Ethereum. The transaction was successful, but the verdict is still out on whether they were able to spell his name correctly on the cup.

The ZIX token is what the whitepaper calls a “core element” of the solution, which does three things. It covers a user’s transactional risk until the trade is complete, it determines who can exercise what kinds of transactions when based on advertised discount rates and supplies, and it’s also a login method to use the Zeex platform.

To the surprise of probably very few people reading this, Zeex is a spinoff sister company of a European marketplace for buying and selling gift cards called Zeek Group. For Zeex, the road is already paved in terms of getting access to close relationships with name-brand retailers and a multi-million dollar inventory of gift cards.

Zeek has been able to raise venture capital from firms such as Blumberg Capital, Qualcomm Ventures, Scale Up Venture Capital and more.

The Zeex business model hinges on a few potential incomes streams:

  • Providing working capital to gift card suppliers, easing the transition for many businesses hesitant to get into the crypto field.
  • Financial services to support suppliers financially.
  • Marketing services to help suppliers speak the lingo of the cryptocurrency world. The whitepaper states that “Zeex has already mastered these industry-specific marketing channels and has been engaged in community building for a significant period, its in-house marketing team is already equipped to help suppliers build their own communities and maximize their value per transaction.”
  • Platform adoption and market penetration to help suppliers integrate crypto into their business makeup
  • Operations support to help suppliers and users better understand and utilize the platform.
  • Provide business intelligence data to retailers on cryptocurrency users.

Token

 

Risks

  • Not an entirely frictionless experience: This isn’t a problem unique to just Zeex, but is present throughout most digital payment solutions. Unless you can tap your phone on a receiver like Apple Pay, you’ll be behind the most “frictionless” payment system out there. However, this is miles ahead of crypto transactions. -1
  • Not really sold on the need for an ICO (for the investor’s sake): Although the Zeex platform sounds pretty useful, investor upside seems fairly limited (but then again, who can accurately predict investor upside in this space circa 2017/2018.  -2

Growth Potential

  • It works! Few projects raising money via ICO can boast a working beta, and Zeex already does and has a use case that many cryptocurrency users would likely want. +2
  • Yay user adoption! One of the largest detractors of the transactional user of cryptocurrencies is that it’s incredibly complicated and tedious. If you have 8+ steps before you can pay for a coffee, chances are you’re going to opt for that .25 second swipe of a Visa in your pocket. +2
  • Finally, a use for gift cards. When’s the last time you got a gift card that wasn’t from Amazon that you actually fully used? Too many people have gift cards just sitting around either untouched or with a fractional amount on them. There is a whole secondary market for discounted gift cards, and there’s a huge value in using these gift cards in a business model such as Zeex’s. The team essentially has a pool of gift cards going for a discounted price (usually around the 5 to 15% range), and are able to provide a solution to a community in dire need of one. +1
  • Zeek partnership. Having a sister company that already has the relationships with retailers necessary puts Zeex way ahead of the game. It’s not your typical run of the mill ICO that aims to build everything from ground zero for a lack of strategic partnerships, but more so a use case to be implemented with an already successful company. +3
  • Limited downside: Zeex claims that it will safeguard token value by using proceeds of the often sale to guarantee the supply of gift cards at the highest possible discount from a wide range of brands. If this means what I think it means, that worst case scenario you can use Zeex tickets to exchange them for gift cards at any time, and if there isn’t a stark depreciation of purchasing power for Zeex tokens, this is a cool perk few other ICOs can offer. However, if I’m wrong, write this point off as whitepaper tomfoolery. +2

Unknown

  1. This sounds like either a huge tax headache or a huge tax advantage. If the current American tax law stands that the exchange of crypto for fiat (or gift card) constitutes a taxable event, the Zeex team would have to figure out a way to help users report their taxes on these events. If this is the case, a -2 would be added to my score. However, if there is some international gift card loophole where users can trade any crypto for gift cards and there not be a taxable event, that would be huge for the team (although unlikely, because Uncle Sam is gonna get what he thinks is his). If this is the case, a +5 added to my score.

Disposition

We arrive at a +7/10 for Zeex. It’s got a cool use case, already works (in beta), and a relatively strong partnership in place. If the appreciation of the token’s value is correlated with the success of the app, investors would likely be pretty happy. However, if it’s just another token limited to its own ecosystem, I don’t see much use in investing into it unless you plan on using the Zeex app.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: ZIX
  • Platform: Ethereum
  • Crowdsale: TBA
  • Minimum Investment: 0.1 ETH
  • Price:1 ETH = 5,000 ZIX
  • Hard Cap: $50 million U.S.
  • Payments Accepted: ETH
  • Barred from Participating: Israel, U.S., China, Lebanon, Iran.

Sign up for the Zeex email list to find the news for the public crowdsale on the Zeex website and check out their whitepaper.

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




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ICO Analysis: Tolar HashNET

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No one can deny that blockchain technology is revolutionizing many industries across the globe. However, blockchain still has shortcomings such as slow transaction times, scalability issues and high environmental cost. Transaction times can take up to several hours versus traditional payments like credit cards or bank cards only take mere seconds. For mass adoption to take place, there has to be faster transaction times along with the ability to scale and maintain these times. And there are those who are concerned with the effects on the environment from all of the mining globally. The founders of Tolar HashNet decided to create solutions to solve these issues while maintaining all of the advantages of blockchain technology.

Tolar was inspired by hashgraph methodology and designed a new and efficient asynchronous distributed consensus protocol on a directed acyclic network structure. Tolar HashNet uses redundancy reduced gossip and virtual voting protocols that provide a fast, fair, and Byzantine fault tolerant consensus algorithm. HashNet belongs to a class of gossip-based protocols instead of structured-based group communication algorithms giving it advantages such as being able to handle larger group sizes, high user churns, sporadic sources, etc.

Tolar HashNet is fast, secure and scalable – solving the major shortcomings while keeping all of the positive characteristics of blockchain technology, and has an open-sourced cryptocurrency called Tolar. HashNet has increased throughput to more than 200,000 transactions per second and has a working demo with 150,000 tps on multiple nodes. HashNet uses Proof of Stake with masternodes eliminating the need for mining which greatly reduces energy consumption making it more cost-efficient and environmentally friendly. The founder’s vision is to be the global leader in Distributed Ledger Technology and become the preferred choice of individuals, companies, and governments worldwide.

Token

The Tolar (TOL) token is an open source, community-governed cryptocurrency. It will initially be deployed as an ERC20 token that will later be converted to mainnet tokens when the mainnet is released. The price of TOL is 1 ETH = 5,442.59 TOL for the public ICO. A total of 1 billion tokens will be generated with a hard cap of 57,000 ETH.

Token Allocation:

  • 35%  Token Sales
  • 32%  Tolar Development Fund
  • 8%   Proof of Stake Network Start Nodes
  • 20%  Founders
  • 2.5% Developers
  • 2.5% Advisors

There is no lock on main tokens, but a THREE-month lockup for bonus tokens and a 24-month lockup for team tokens. The max bonus was 20%.

Team

The founders have 30 years of business experience and are definitely not new to the blockchain technology space having developed the world’s first Blockchain MBA Program and Certified Blockchain Developer Program at COTRUGLI Business School, a leading business school in SE Europe. Twenty-four team members and 13 advisors are listed on their website including:

Drazen Kapusta – Principal/Founder at Tolar

  • 30 years of business experience as well as a major blockchain startup investor
  • Principal of COTRUGLI Business School
  • President of Blockchain Adria, the largest blockchain conference and association in the Adria region
  • Member of Enterprise Ethereum Alliance
  • President of the COTRUGLI Fund – organizes and leads major humanitarian projects
  • Founder of the COTRUGLI Business Museum

Zoran Dordevic – CEO at Tolar

  • Managing partner at COTRUGLI Business School

Josip Maricevic – Co-Founder and CTO at Tolar

  • Previous Blockchain core developer for Blocknet
  • Previous iOS Developer for Qnective AG

Terence Tse, Ph.D. – Foundation Member at Tolar

  • Associate Professor of Finance at ESCP Europe Business School
  • AI Company Founder & Entrepreneur
  • Keynote Speaker
  • Author

Lester Lim – Advisor

  • ICO Marketing & Token Strategy Advisor for Cardstack, HybridBlock, Dock.io, Ink Protocol, CoinFi and Banca

Verdict

Tolar HashNet is positioning itself to compete with the likes of Etherium and Neo as a platform for building ICOs and Hyperledger to offer superior DLT solutions for governments, towns, local communities and enterprises. With several VC investors on board and multiple crypto influencers recently promoting/reviewing Tolar, this ICO is definitely worth looking into.

Risks

  • Competition is fierce in this space with major players such as Ethereum, Neo, Icon, etc. -1.5
  • Partnerships will be crucial to the success of the project and none have been announced as of yet. -1

Growth Potential

  • While some ICO investors look to flip their investment immediately and move on the to next one, Tolar’s proof of stake with masternodes is attractive to long-term investors. +2
  • The Ethereum Virtual Machine (EVM) will be deployed on top of the network which will make for a fast and secure decentralized applications platform. +2.25
  • An ICO with an MVP is certainly more desirable than an ICO with nothing but a website and an idea. The Tolar Prototype reached 150,000 TPS on multiple nodes. You can view the video here+2.75
  • Tolar won Ian Balina’s ICO pitch competition during his Crypto World Tour in Budapest. This will obviously create hype and draw more attention to the project which typically translates to positive outcomes in the current ico market. Many Tolar ICO reviews have also been recently published. +3

Disposition

With a fairly large team, all-star advisors, an MVP, available masternodes, and a growing social media presence, Tolar is another blockchain project that has an excellent chance of doing well this year. Tolar receives a 7.5 out of 10 rating.

Investment Details

  • Symbol: TOL
  • Platform: Ethereum
  • Hard Cap: 57,000 ETH
  • Total Supply: 1,000,000,000 TOL
  • Private Sale Price: 1 ETH = 6,531.08 TOL
  • Pre-sale Price: 1 ETH = 5,986.84 TOL (minimum 10 ETH)
  • Public ICO Price: 1 ETH = 5,442.59 TOL
  • Public Sale: Scheduled for August
  • Jurisdictions barred from participation: USA, China

For more information regarding Tolar:

Website: https://www.tolar.io/
Telegram: https://t.me/TolarHashNET
Twitter: https://twitter.com/TolarHashNET
Facebook: https://www.facebook.com/TolarHashNET/
YouTube: https://www.youtube.com/channel/UCL8ksEpe6um71pcdPi6wpXQ
Medium: https://medium.com/@TolarHashNET

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 46 rated postsKent Hamilton - ICO Analyst on Hacked and Founder of CryptoDayTrader.io - ICO Insider Info




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