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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: IoTBlock

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Internet of Things is an emerging technology with the potential of immensely improving our lives. Connecting every single capable device, whether it is a car, a home appliance or a billboard, IoT allows for the collection and enabling of data analysis in a more efficient, faster and cheaper way. Consider that a car accident has just happened quite close to your workplace. This causes a traffic jam, making it inconvenient to use a private car. Usually, this information is either made public too late or is not released at all. If you had known, you could have used some other means of transportation, like the metro, and avoided wasting your time in traffic.

It is almost certain that this technology will take off in the future as many industry giants have already started to research and produce several products. In fact, it is estimated that by 2025 the IoT sector will grow to $11 trillion with 75 billion devices. Yet as in any emerging technology, just as in the case of blockchains, there are several problems which are required to be solved before it is widely used by the public. Studies show that 70% of IoT devices use non-encrypted forms of communications and 80% don’t have even the most basic security. Unfortunately, this makes it possible for hackers to abuse security flaws in a single device and gain access to the whole network. For instance, earlier this year, some hackers used an IoT-connected fish tank thermometer to steal a casino’s database.

In order to solve current and foreseeable problems in the IoT industry, IoTBlock provides a device-agnostic and blockchain-agnostic protocol. This agnosticism should be highlighted, since it means that the protocol can be used by any IoT device and any blockchain, whether it is Ethereum, IOTA, or Hedera Hashgraph. As of now, even the most popular blockchain-based IoT solution provider IOTA does not offer this. IoTBlock’s other important key features include secure authentication, open auditability, and cross-chain communication. The protocol can be used for IoT device authentication, insurance and dispute resolution, device health and safety verification, and data exchange.

Thanks to the use of Ora Protocol, a truly decentralized network of IoT devices is made possible. By its proof of authority, nodes are incentivized to serve truthful data and report inaccurate or malicious data. These nodes are rewarded with tokens in return for their contributions to the network.

Token

Although very little information regarding the token’s use is released at the time of writing, for now, we can say that it will act as a native token to pay fees for platform services. It should be noted that it is emphasized that the token is looking for a stable price per token, which is quite reasonable if it is to be widely used.

No information on the IoTBlock token metrics or how the team is planning to use the token sale proceeds are released at the time of writing.

Team

CTO Michael Arbach: Arbach was a blockchain architect at KodakOne.

Sanjeev Verma: Prior to joining to AMD as a principal architect, Verma has worked as a mobile security architect at Samsung Electronics, a senior research engineer at Nokia and a member of technical staff at Bell Labs.

Richard Fushimi: Fushimi was the CEO at Rocket Internet SE, the president, and COO at Sega, and a managing consultant at Genpact Headstrong Capital Markets.

Leo Rong: Rong has worked as a software engineer at Splunk for over thirty months.

Advisors

Chad Pleper: Pleper was a senior infrastructure architect at Elsevier.

Tugrul Firatli: Firatli has worked as the vice-president of global communication practice at TIBCO Software, as a software engineer at Apple and as a member of technical staff at Bell Labs.

Rex Wong: Wong was a founding investor at Applied Semantics, the company who created AdSense and later sold it to Google in 2003.

Verdict

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

Risks

  • No information regarding token metrics is not released at the time of writing. This makes it hard to evaluate the project’s worth and any potential return on investment. (-1)
  • It is a reasonable assumption that the competition in the IoT sector will be harsh in the future. As more and more technology giants might enter the market, it is likely that they might leave the blockchain-based IoT companies like IoTBlock in the dust with their superior resources. (-2)

Growth Potential

  • All-star team members like Sanjeev Verma and Richard Fushimi. (+2)
  • The protocol’s device- and block-chain agnosticism. (+3.5)
  • The team’s origins can be traced to a hardware and RFID device manufacturer started in 2004. This shows that the team is highly experienced in the IoT sector and not just riding the blockchain hype train. (+2.5)

Disposition

The emerging technology of the Internet of Things is expected to be widely used in the near future. It is estimated that by 2025 the sector will grow to a value of $11 trillion with 75 billion devices. Its use cases are limited only by one’s imagination, but as in the case of any emerging technology, just like blockchains, there are several important problems to be solved to gain wide public acceptance.

Currently, 70% of IoT devices do not use encrypted forms of communication and 80% do not have a basic level of security. As devices in a certain place are connected to the same network, to gain unlimited access to one device is to gain access to the whole network. Some hackers’ gaining access to a thermometer in a fish tank and using it to steal a casino’s database earlier in this year is an example.

IoTBlock provides novel solutions to solve this issues. The team consists of all-star team members like Sanjeev Verma and Richard Fushimi. The protocol is designed in a device- and blockchain-agnostic way, so that IoTBlock can be used by any IoT-connected device and blockchain.

Still, no information on token metrics is released as of the time of writing, making it hard to evaluate any return on investment. Also, the competition in the IoT sector will be extremely fierce in the future and the entrance of more and more technology giants to the sector might leave the blockchain-based IoT companies like IoTBlock in the dust with their superior resources. IoTBlock receives a 6/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: Unspecified
  • Platform: Ethereum
  • Crowdsale: Unspecified
  • Minimum Investment: Unspecified
  • Price: Unspecified
  • Hard Cap: Unspecified
  • Payments Accepted: Unspecified
  • Restricted from Participating: Unspecified

For More Information

Featured image courtesy of Shutterstock. 

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

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ICO Analysis: EndChain

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Logistics is a series of transactions that link a product from raw material through to the consumer. The logistics and transport management industry generate approximately 13% of GDP globally. Current supply chain logistics models are good, but not great. They can be improved by blockchain technology.

EndChain is a new project based on Ethereum, which aims to disrupt the logistics industry through decentralization, open protocols, and utilities. They believe the best way to improve current systems is to eliminate almost everything except the scan of the package.  According to them, “Technology can be molded to handle the rest of the necessary steps and to fit the needs of all users wanting to access the data.”

From the whitepaper:

“While some companies have attempted to create blockchain solutions for modern logistical problems, no complete solution exists today. Current options revolve around expensive RFID chips or an overt reliance on consumer input. EndChain focuses on the entire logistics chain: from manufacturer to businesses to customer to reseller. The goal of EndChain is to become the blockchain solution that the logistics industry desperately needs by allowing one blockchain that is easy to use for all verticals of the supply chain.”

EndChain wants to reduce the cost of logistics by providing a blockchain that’s responsible for all the data across the supply chain. Their uniform blockchain lets businesses easily adapt and communicate with one another. Their system will cover each sector of the supply chain, including the second-hand market.

The entire Endchain system is based on the use of their patent-pending QR/barcode design. Each item produced in the EndChain supply chain is paired with a unique id that can be automatically registered on the chain. This id is the foundation of Endchain and ensures that every physical item is linked to its digital counterpart.

All businesses which use the EndChain software will be able to identify themselves as producers, transportation, B2B or B2C stores. Employees simply need to scan the code. That simple scan will break down both the generic barcode and the individualized QR code. The software then automatically updates the chain with the new data that can be seen by all users.

There are 2 major benefits to their QR/barcode combo:

  1. It simplifies the scanning process. Instead of 2 or 3 separate barcodes, logistics workers will only have one easy to read code, filled with all the data.
  2. The code will update both the blockchain and the legacy systems at the same time. This allows EndChain to easily integrate with legacy systems that may not want to completely change their current methods just yet.

Additional benefits:

  • Reinforce the Authenticity of product
  • Secure transactions and fast settlements
  • Visibility in the supply chain
  • Cost-effective
  • Route optimization
  • More info on the product and cheaper costs
  • Ownership history

Token

ENCN token is required to purchase QR codes, make smart contracts, and access the data stream.

Token burning: EndChain’s self-regulating economy burns 2-4% of tokens per transaction. It works by destroying  more coins if the current market value of the ENCN is low. If the value of ENCN rises, less supply is destroyed as fewer coins are required for each smart contract.

Distribution:

  • 55% ICO
  • 22% Future development
  • 10% Team
  • 5% Leadership
  • 5% Advisors
  • 3% Bounty and referrals.

Use of proceeds:

  • 60% Development
  • 25% Marketing/sales
  • 5% Legal
  • 5% Security and compliance
  • 5% G & E

Team

Team EndChain is a mixed group from all around the globe. 15 team members and 9 advisors are listed.

Aaron Perkowitz – CEO.  Since October 2017 until now he’s been a Fund Manager at HNA Group, a global Fortune 500 company focused on aviation, tourism, logistics and financial services. Other than that, he lists 3 internships; Morgan Stanley, AngelVest, and RocketSpace.

Pierre Angot – CTO. Paris, France.  A self proclaimed Artificial Intelligence and Blockchain maestro, co-founded Medway, a telephone medicine app with between 2-10 employees. 2 years Managing Director at WAGT Consulting. Currently a Data Consultant at Verteego.

Felix Engelhardt – Business Developer. Currently (8 years) an Analyst at Cimic Group Limited, a world-leading infrastructure, mining, services and  private partnerships group with over 1,000 employees.

Javince Chan – UI/UX Designer. Lots of experience specifically in UX design; Currently at Quadrant Studio, she’s also worked for Amazon (1 yr), AKQA (1 yr), and Symplicit.

It’s an impressive group of advisors, with specific skills they acquired from places like; Huawei, Cimic Group, Morgan Stanley, Audi, Uber, Activision and Blizzard.

Partners are highlighted below:

Verdict

“EndChain provides a complete and cost-effective logistics package that benefits all parties of the supply chain. While most utility tokens focus on high end goods, EndChain focuses on the low to middle market, an area that has been ignored for too long. EndChain is able to enter this market due to the ease and low price of our system compared to other utility tokens which focus on expensive NFC chips or manual entry.”

The current blockchain solutions for the logistics industry won’t work for the majority of goods. They are too expensive to mass produce, therefore, they focus on luxury goods such as handbags, diamonds, and art while the vast majority of market purchases are ignored. EndChain is working on a solution by making a cost-effective product that can be applied to all goods.

Risks

  • Ethereum Blockchain. -1
  • There is already a lot of blockchain competition, and all their token values are at all time lows right now. Demand is not currently here. -2
  • 3% of their tokens will go to bounty/referrels. These bounty hoes usually just dump their tokens as soon as they hit an exchange. -1
  • 50% presale bonus. Same thing as above. They will dump at the first sign of dumpage. -1
  • This will be really challenging to scale. -1.5
  • Unsold tokens may or may not be burned. When we asked them in Telegram, their response was, “Once we got a concrete details, Soon we will be having an important announcement regarding that matter, stay tuned.” -0.5

Growth Potential

  • The team has produced a very profession ICO, a patent pending scan system, and lots of work on GitHub. Here’s their CEO giving a quick explanation on the work they have achieved so far. +2
  • Their uniqe QR code incorporates a barcode within the QR code. This allows users to scan the only code found on the packaging. Businesses that still use a legacy system can scan the embedded barcode. +3
  • 2-4% of the revenue generated from sales will be dedicated to burning EndChain tokens. +4
  • They will give a percentage of ENCN tokens to tradition shipping companies for free, to recruit them to the blockchain. Once they see the benefit of EndChain, they will become valuable costumers. +2
  • One of the largest benefits of this system is that it can be done offline. Information isn’t being downloaded, only uploaded, therefore it can remain in the system until its fully loaded, no need to wait to scan the next item. +3

Disposition

The team is strong, the whitepaper is professional, and the roadmap is realistically detailed. The goal is to launch the full version in Q3 2020. If they raise enough money in this token sale, we like their chances more than most. 7/10

Investment Details

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 29 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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