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ICO Analysis: SyncFab

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SyncFab is a technology company established in 2013 and based in San Leandro, California. SyncFab is the first peer-to-peer Industrial Internet of Things (IIoT) manufacturing blockchain for the hardware manufacturing supply chain. Manufacturers list their machining capabilities on the Syncfab platform and Hardware buyers can send part orders directly to them. Smart contracts guarantee production standards, protect Intellectual Property and guarantee payments. Blockchain makes the supply chain more efficient and cost-effective. By eliminating intermediaries such as brokers, outdated software, and inefficient procurement processes, the Smart Manufacturing Blockchain will easily lower costs by eliminating middlemen, inefficient procurement processes, and outdated software. Syncfab will also connect smart machines to factories and innovators to manufacturers.

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SyncFab was created to be a supply chain platform used to manage, organize and track parts production using smart contracts. Syncfab will use MFG tokens as an incentive for manufacturers to lower prices and place faster bids, which reduces production time and drives competition. Through SyncFab orders will be sent directly from purchasers to manufacturers, cutting out middlemen. Buyers can then track their parts throughout the production process and have them delivered directly to their businesses, which will eliminate the majority of marketing costs since buyers will have a direct connection to manufacturers and suppliers. Using records compiled on the smart manufacturing blockchain, Syncfab will be able to match buyers with their most ideal suppliers and manufacturers.

Token

The MFG Token is an ERC20 token used to reward purchasers, manufacturers and make payments on the Syncfab platform. Through smart contracts, MFG will be used to incentivize manufacturers/buyers who place orders using SyncFab and the Smart Manufacturing Blockchain. MFG will be available to purchase with ETH with 1 ETH purchasing 5,000 MFG, not including bonuses. 1 billion MFG tokens are to be created with 300 million being sold to the public with a hard cap of $30 million. Total supply will become 1 billion minus the tokens not sold during public sale, which will be destroyed upon completion of ICO.
The ICO began on Feb 15, 2018, and ends on March 15, 2018. ICO bonus schedule: Week 1 (15%), Week 2 (10%), Week 3 (5%), Week 4 (2.5%). MFG tokens to be distributed after completion of the public sale. Allocation of tokens: 30% Token Sale, 30% Partnership Adoption Pool, 15% Technical Development, 15% Smart MFG Tech LTD, 10% Founding Team and Bounty.

To purchase MFG, visit tokensale.syncfab.com

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Team

Syncfab’s number of team members is comprehensive, in comparison to other ICO’s, with 10 members and 10 advisors. The executive team members include Jeremy Goodwin – Co-Founder & CEO, (President, CEO of China Advanced Construction Materials, Inc), (Board Member at Cornell NorCal). Andy Le Tong – Co-Founder & CSO, (Co-Founder, CEO of Adaptive Tech), (Advisory Board Member for ImTech). Jay Ligda – CTO, (Previous Owner of SteadyServe.Net, Online Wellness Network, and Synergetic Web Creations). The extensive list of advisors includes Michael Jones (CEO of Science, Board Member of Dollar Shave Club and angel investor with over $2.5B in exists) and  Gil Penchina (Partner at Ridge Ventures, previous VP & General Manager at eBay and angel investor in more than 300 companies such as Linkedin and PayPal.

A complete list of the team and advisors, with brief descriptions, can be found on their website along with their Linkedin links.

Verdict

Industries, such as manufacturing, will soon be implementing blockchain technology as a means to increase efficiency, productivity, and profitability. Many will turn to Smart Manufacturing Blockchain because of its openness to new suppliers and is backed by an immutable distributed transaction ledger. As one of the first tokenized companies to come to market targeting manufacturing, Syncfab is situated to garner significant market share if able to successfully bring to bear its plans. Syncfab’s ambition is to revolutionize manufacturing by connecting buyers directly to manufacturers through the Smart Manufacturing Blockchain. Purchasers and manufacturers will be able to streamline supply chain processes, protect intellectual properties and track parts production in real time. Questions to be answered pertinent to potential investors are: As blockchain technology integrates manufacturing, will manufacturers choose to come on board with Syncfab? If so, in what time frame?

Rrisks

  • There will be some reluctance by suppliers to adopt new technology and current brokers will resist change and want to hold on to their customers and revenues. -1.5
  • International and/or local regulations may limit the use of tokens for supply chain procurement in the areas of the manufacturing supply chain industry. -2
  • Competition in the space will look to take market share away from SyncFab. -1

Growth Potential

  • Syncfab already has an existing platform and has already connected thousands of purchasing departments and individuals to fabrication and manufacturing facilities. +3.5
  • An extensive team consisting of experienced entrepreneurs, investors, and advisors. +4
  • Small businesses will definitely benefit from partnering with Syncfab by connecting directly to consumers. +2.5

Disposition

Current middlemen, which Syncfab looks to dispose of, definitely won’t go away without a fight and could possibly seek other blockchain alternatives to include themselves. Having an existing business already within the industry gives Syncfab a head start on the competition, which is sure to come and challenge Syncfab for market share. Syncfab also recognizes obstacles to mass implementation and lists them in their whitepaper. However, the experienced team and current infrastructure in place, Syncfab is in a good position to effectuate their plans. Syncfab receives a 5.5 out of 10 rating.

Investment Details

  • Token Type: Utility
  • Platform: Ethereum
  • Symbol: MFG
  • Token Price: 1 ETH = 5,000 MFG (without bonus)
  • Payments Accepted During Crowdsale: ETH
  • Crowdsale Date: Feb 15, 2018 – March 15, 2018
  • Hard Cap: $30M
  • Total Supply: Currently 1 billion MFG
  • Jurisdictions Barred from Participation: Iran, North Korea, Syria, Sudan, Cuba, Crimea, Yemen

For more information regarding SyncFab:

Website: blockchain.syncfab.com (team, whitepaper, roadmap, partners)
Twitter: twitter.com/syncfab/
Facebook: facebook.com/syncfab/
Github: github.com/syncfab
Reddit: reddit.com/r/syncfab/
Blog: blog.syncfab.com
Telegram: t.me/syncfab (10,530 members)
Medium: medium.com/syncfabmfg

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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1 Comment

  1. snow4me

    February 26, 2018 at 1:34 am

    The Leadership team looks well represented. This concept like INS linking Farmers to merchants, and even consumers seems promising. Getting ripped off buying Foakley’s is uncool LOL! Buying ‘organic’ when it really isn’t either!

    I did a search on VinChain, and didn’t see a review. It seems like a perfect use for blockchain tech. I would most certainly purchase a used car if I could see it’s registration history, maintenance records, and know for sure if claims have been turned in on the vehicle.

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ICO Analysis: BolttCoin

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Physical activity plays a very important role in our health and fitness. Most people know this but do little about it because of our busy lifestyles or lack of motivation. BolttCoin is aiming to change this by building a platform to reward you for taking steps to better health and fitness. Boltt is already an established company founded in 2015 and has become a leading mobile health tech company in the area of gamified health applications and wearable technology. Boltt has won many top awards including the category of wearable technology 2017 Frost & Sullivan Companies to Action Award.

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The launching of the gamified fitness platform BolttCoin allows users to mine BOLTT tokens from walking and verified by “Proof of Steps”. BOLTT tokens are utility tokens that can be traded, used to make purchases on a large partnership ecosystem, and can be used by companies to link to their existing loyalty programs. Health insurance companies can even use BOLTT in the form of discounts for their policyholders.

There are many potential use cases for companies, brands, celebrities, etc. such as encouraging more engagement, creating loyalty, and promoting better health for employees/followers. One example is the platform has an open API enabling anyone to organize customized tournaments or challenges that can be used by brands, retailers or celebrities to have more engagement with their customers and followers.

BolttCoin makes use of dual blockchain technology based on Waves and Ethereum blockchain protocol to record the individual health records, marketplace, exchange, and wallet transactions. In addition, it utilizes several other technologies to develop the mobile app, business logic and admin backbends ensuring the speed, security and mass adoption. It also provides APIs for other systems based on Waves protocol to easily communicate with the BolttCoin ecosystem.

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The core components are listed below:

  • Boltt health reward engine: Earn/mine Boltt tokens with steps and personal health achievements.
  • Boltt engagement and gamification: Challenges, tournaments, and games from sponsored brands, celebrities and corporates to reward participants. In addition, it enables merchants to create loyalty programs on the Boltt platform.
  • Boltt decentralized marketplace: Product listings and sales as well as offline shops, insurance benefits, utility bill payments, entertainment bookings and more.
  • Boltt identity management and health ID: Digital identity for individual users. One global health ID on the Blockchain that provides a higher level of security and privacy and available on demand.
  • Boltt crypto wallet: Hold fiat or multiple cryptocurrencies, multiple top up and cash out options, money transfer, bill payments and a decentralized exchange.

Token

BOLTT is a utility token that can easily be mined by simply taking daily steps. Download the BolttCoin App, take the steps and mine the currency. BOLTT tokens can then be used to purchase different goods and services across the In-App Boltt shop.

BolttCoin will be one of the first cryptocurrencies to be simultaneously issued on the Waves platform and the Ethereum platform. Boltt tokens will be interchangeable from one blockchain to another using technology comprised of a web interface, locked wallets and smart contracts on the Ethereum side. Dual blockchain provides stability and flexibility, and BolttCoin holders will be able to use the advantages of both platforms.

The private sale began May 20, 2018 and will run till June 10, 2018. During the private sale there are FOUR different bonuses available: 20% for contributions between 0.1-100 ETH, 30% for contributions between 100-500 ETH, 40% for contributions between 500-1500 ETH, 50% for contributions above 1500 ETH. An additional 5% bonus will be given to white-listed members during the private sale. The pre-sale will begin immediately after the private sale ends. During the pre-sale, there will be FOUR different bonuses available: 10% for contributions between 0.1-100 ETH, 15% for contributions between 100-500 ETH, 20% for contributions between 500-1500 ETH, 25% for contributions above 1500 ETH. The public sale is scheduled for Aug 1, 2018 – Aug 30, 2018, in which there isn’t a bonus or minimum investment amount. All unsold tokens during pre-I CO and ICO rounds will be automatically burned.

The token distribution is as follows:

  • 59% Crowd Sale
  • 9% Founding Team (Locked for 1 year)
  • 7% Strategic Partners
  • 6% Advisory Board
  • 6% Bonus
  • 5% Steps Mining
  • 5% Corporate Issuance
  • 3% Bounty Program

The token sale allocation is provided below:

  • 28% Technology & Blockchain
  • 17% Operations & Legal
  • 16% Global Expansion & Collaboration
  • 15% Business Development
  • 12% Marketing
  • 12% Reserves

Team

According to the BolttCoin website, the team has 36 members on board, which includes blockchain developers, data scientists, mobile ops, backend/frontend developers, marketing experts, platform engineers and operations professionals. They list six executive team members along with their LinkedIn links:

Arnav Kishore – CEO and Co-Founder

  • CEO – Boltt Sports Technologies
  • Former Co-Founder & CEO – Globalite

Sahil Goel – Chief Product Strategy and Co-Founder

  • CEO – Kraftly
  • CEO & Co-Founder – Bigfoot Retail Solutions
  • CEO & Co-Founder – KartRocket

Rajesh Bhatia – Financial Advisor and Co-Founder

  • Former CEO – JSPL

Gurdeep Singh – Director Strategic Alliances and Co-Founder

  • Member Board of Directors – Hometech Smartvalue
  • CEO – Reliance Communications
  • Former COO – Aircel

Lalit Kishore – Chief Strategy Officer and Co-Founder

  • Former President & Partner – SSIPL Lifestyle

Aayushi Jugasia – Co-Founder

  • CMO & Co-Founder – Boltt Sports Technologies
  • Founder – Globalite

They also list a legion of all-star advisers, such as:

  • Sally Eaves: Sr Adviser for Executive and Technology Team
  • Ian Scarffe: Chief Investment Adviser who played a role in helping several multi-million-dollar ICOs
  • Simon Cocking: Chief Strategy and Public Relations Adviser; Co-Founder & Senior Editor – Irish Tech News; Editor in Chief – CryptoCoinNews; currently ranked #1 / 18,000 “People of Blockchain”
  • Warren Whitlock; Blockchain Expert & Social Influencer; ranked #27  100 Most Influential Blockchain People in the World; CEO and Founder – Ochen Publishing; Author of Twitter Revolution
  • Jennifer Grayson; Healthcare & AI Expert; named 1 of 8 top Women in Crypto; CEO – Powered by NeurealSM

Verdict

This is a multi-billion dollar industry with millions of people using wearable health tracking devices and mobile apps. Earning Boltt tokens to do so should be enticing to many which could translate to great success for BolttCoin. Adding gamification, a decentralized marketplace, identity management and a crypto wallet, BolttCoin is an intriguing blockchain project with tremendous upside.

Risks

  • Major companies with immense resources, such as Fitbit, are sure to implement blockchain technology in the future and compete directly with BolttCoin. -1.5
  • The team mainly comes from the same company, Boltt, and currently doesn’t possess an all-star member in the cryptocurrency space. -0.5
  • Investors prefer to see lockup periods for ICO team members and advisers, which gives the perception of long-term commitment. However, there is no lockup period mentioned for tokens allocated to the BolttCoin team and advisers. -0.5

Growth Potential

  • BolttCoin has tied up with several large and well-known partners that, in their essence, are some of the world’s most significant corporate entities. +4
  • The amount of hype and awareness surrounding an ICO does have an impact on their initial success or failure. BolttCoin is succeeding in this area with multiple high rankings online as well as large Telegram, Facebook and Twitter numbers. +3.5
  • Tracking health and fitness via wearables and mobile apps is a business model in which Boltt has already found success in and should improve upon with BolttCoin. +2.5

Disposition

An existing company that has already had success in the area in which it is transferring to the blockchain starts with a major headstart over competitors who are starting from scratch. Boltt aims to add their large active user base to BolttCoin which would translate to instant implementation, adoption and success. Also, with the trend of more and more people looking for ways to improve their health, BolttCoin is poised to capitalize on this massive market. As such, the project receives a rating of 7.5 out of 10.

Investment Details

  • Symbol: BOLTT
  • Type: Utility
  • Protocol: Waves & Ethereum
  • Price: 1 BOLTT = 0.00025 ETH
  • Hard Cap: 25,000 ETH
  • Total Supply: 170 Million BOLTT
  • Payments Accepted: BTC, ETH, USD, EUR
  • Private Sale: May 20, 2018 – June 10, 2018
  • Pre Sale: June 11, 2018 – July 20, 2018
  • Public Sale: Aug 1, 2018 – Aug 30, 2018

For more information regarding Boltt:

Website: https://bolttcoin.io/
Telegram: https://t.me/BolttCoin
Twitter: https://twitter.com/bolttsports
Facebook: https://www.facebook.com/bolttsports/
LinkedIn: https://www.linkedin.com/company/boltt-sports-technologies-pvt-ltd/
YouTube: https://www.youtube.com/channel/UCQh4jrmKaQdNlY_wsrCBAuQ

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: Arweave

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Arweave is a new blockchain based protocol for storing data on a ledger, based on a new proof of the access consensus mechanism, which creates a low-cost solution for permanent data storing.

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The project’s BlockWeave is a blockchain protocol that differs from the traditional blockchains with two basic concepts:

  1. List of hash blocks. This allows you to verify all old blocks and effectively evaluate all new blocks.
  2. A list of all active wallets in the system. This allows you to check transactions without running the block in which the last transaction was used.

Using these two concepts allows miners to quickly connect and work in this network.

The consensus mechanism in Arweave is based on PoA (Proof of access) and classic PoW (Proof of work). While the PoW model to generate each subsequent block relies on the previous block, the PoA model can take this from any randomly selected block. Miners do not need to store the entire block, as they can store only a few previously generated blocks. The outcome is a weave of blocks (from where the project derives its name).

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Blockshadows is another concept employed by Arweave. Unlike the traditional blockchain network, where each newly created block is passed to each node in the network, Arweave sends only a small piece of the “shadow” block, which allows network nodes to restore a full block.

Use cases include:

  • Decentralized data stоrage: рersоnal and cоrроrate files can be stored fоr a single fee instead оf mоnthly subscriрtiоn. The рrice оf AR tоkens can be cheaрer than the mоnthly fees рaid fоr cоmрetitоrs such as Filecоin оr AWS. Data availability is almоst instant due tо the design оf the blоckchain.
  • Decentralized data distribution: cоntent can be uрlоaded anоnymоusly and shared with anybody. Any file can now be published, stored forever without anyone able to alter or delete the information. Arweave’s protocol design has an embedded mathematical pricing function that automatically load-balances demand for and supply of data storage, keeping storage costs fair and efficient
  • Decentralized data cоllabоratiоn: Allоws fоr availability оf exрerimental databases fоr review, meaning anybоdy can challenge and/оr cоnfirm its quality. This will stimulate collaboration between academic personnel in order to increase quality and range of academic papers.
  • Decentralized data Identity/Рrоtectiоn: Cоntent created оnline can be tracked and have a рrооf оf оwnershiр.

Competitors include Sia, Storj, Filecoin, Bluzelle and Lightstreams. Arweave’s competitive advantage is incentivizing a decentralized stоrage fоr large vоlumes оf data. Unlike mоst оther sоlutiоns that require either a daily subscriрtiоn оr рayment based оn data size, the project’s gоal is tо provide a permanent, immutable data stоrage fоr a fraction of the price оf other well-known competitors such as Filecоin, Siacоin, and Stоrj. The lоnger yоu keeр yоur data оn-chain, the cheaper it gets tо stоre it there.

Token

The project has a hard cap of $8.7 million, which is on the low side. The pricing is highlighted below:

  • Seed £0.07 – £0.14
  • Strategic £0.28
  • Private £0.44
  • Public £0.55

The token distribution is as follows:

  • Seed Sale 10.8%
  • Strategic Sale 7.1%
  • Private Sale 19.5%
  • Public Sale 1.1%
  • Advisers 2.9%
  • Team 13.0%
  • Ecosystem 19.1%
  • Reserve 26.5%

Founder tokens have a lock-up of 5 years with a vesting of 20% each year.

In terms of token economy, AR is a utility tоken whose рrimary use is tо add data tо the blоckweave.

The team is highlighted below:

The team is quite young and ambitious although they lack experience in launching global projects so far.

Project partners include:

  • Techstars  startup accelerator that has advisers on the project.
  • Upvest –  venture fund that has advisers on the project.
  • NORTHBLOCK – consultancy and advisory services.
  • SHELF – a distributed network of auctions, will use Arweave’s data structure to store auction listings.

Advisers include:

High-level advisers are also present. The majority represents the partners of the project: TechStars and Upvest. In addition, it is worth highlighting Jeremy Epstein’s participation. Epstein was an adviser on IOTA and other successful projects.

Verdict

A project with a wide use case idea, forthcoming main net launch, solid advisers and partnerships, increased project market awareness and a small hard cap make Arweave an attractive investment target.

Risks

  • Teams are build from recent graduates that lack experience in corporate governance, but nevertheless, have a good education and you can see that their Github is active and project main net will be launched in June. -1
  • Competition in this segment is rather fierce. -1
  • The token sale of the project went nine months and thus has a wide spread of pricing during various stages, which in turn makes it risky to enter into ICO. -1.5

Growth Factors

  • Data storing is a big market and the product has a competitive edge on its competitors. +1
  • Active Github and Mainnet launch June 8. +3
  • Confirmed partnerships and strong advisers. +1
  • Low cap ($8.7 million), which is both assuring and reasonable. It also sets the project up for significcant growth potential. +2
  • Brand awareness is solid; the Telegram group has 24,000 members. +2
  • There is a high demand for this project from the community and it seems that the private round is oversubscribed. The project employs PoC (proof of care) for investors who want to participate in the crowdsale, which implies that there will be an unmet demand during the ICO. This could offset negative risks of a wide price spread between token sale stages. +1.5

Disposition

The project generates a two-fold opinion. On one hand, the team is rather young and inexperienced. On the other hand, they have good advisers and partners and plan to launch a working product in June. Although the space is full of competitors, the product has a competitive edge and market is still huge with significant growth potential. However, due to long token sale cycles, Arweave has a wide range of prices during different token sale stages. However, early indicators suggest the project is oversubscribed, which means high demand. This, in conjunction with a hard cap of $8.7 million, give Arweave a rating of 7 out of 10.

Investment Details

  • Type: Utility
  • Symbol: AR, native token
  • Platform: Native
  • Crowdsale: June
  • Minimum Investment: There is no specific minimum investment, allocations will be decided via the proof of interest system.
  • Price: 1 AR = $ 0.74
  • Hard Cap: $8 700 000
  • Payments Accepted: ETH
  • Restrictions Barred from Participating: As per legal advice, the following countries are prohibited: USA, North Korea, Iran, China

General details :

Website: https://www.arweave.org/

Telegram : https://t.me/arweave

Lightpwaper : https://www.arweave.org/files/arweave-lightpaper.pdf

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 2 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: Loyakk

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Due to their inability to securely and efficiently share data with their business partners, enterprises are losing billions of dollars. Data leakage, contract disputes, and limited visibility across business networks is forcing future enterprises to look to blockchain for solutions.

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Loyakk, a blockchain-enabled platform for decentralized business networks, transforms how companies collaborate and share data with partners, distributors, channels and suppliers across the world by extending the blockchain with patent-pending extensions to support enterprise requirements. They also have a patent-pending business platform that enables secure, permissioned sharing of data and value movement through smart contracts with business rules and security policies leading to improved security, efficiency and distributed governance.

When asked On Telegram to explain the project to a 12 year old, CEO and Co-Founder Salim Ali provided this nugget:

“If I were to explain to a 12-year old, I would use a simple metaphor: why send mail by postal service, when you can send via FedEx or UPS which offers tracking, incremental security and more. So think of Loyakk as FedEx++ for business communication built on blockchain which will make email and other systems seem like postal services from a past era.”

Loyakk’s Vega Enterprise Relationship Platform is being built on Ethereum with an element of Quorum and proprietary patent-pending extensions. They will use a variant of BFT Consensus.

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The basis for the platform is their in-house token LYK, which protects AND tracks critical business data across business networks.

Token

“The Loyakk token is a data container required for all interactions across all Loyakk-powered private business networks. The LYK token carries data, enables critical functions that manage multiple levels of permissions, and controls the propagation of data amongst the participants in the business network while providing full auditibility across company boundaries.”

There’s a lot going on with this token. To learn all the technical specifics, check out CMO Rakesh Sreekumar’s breakdown here.

The Loyakk network interactions are essentially a set of micro-services and each invocation of the micro-service requires a token.

The network draws its value from the number of data interchanges occurring on the platform. These data interchanges are what will increase the value of the business network and help businesses that use the network grow by bringing to bear the collective power of their relationships into their transaction. The objective is to power all inter-company interactions via the Loyakk token.

Loyakk will mint an ERC20-compliant token that will be made available to users and businesses.

 

The use of funds is outlined below:

  • 45% Product and development
  • 20% Operations
  • 15% Marketing
  • 10% Sales/customer adoption
  • 10% Legal and admin

Team

Based in Silicon Valley and ICO’ing in London, the core team of eight check out clean, and actually seem organized and capable of accomplishing their goals.

Salim Ali: CEO and Founder. He was the Global Vice President, Marketing at SAP where he conceived and scaled multiple new businesses with revenue KPIs of $1.2 billion, and jump-started SAP’s Digital Business with the SAP App Store. Salim has given a couple interviews on YouTube – he’s confirmed professional.

Jitu Telang: BTO and Co-Founder. He served as Senior Software Engineer at Pavilion from 1995-99, Trilogy from 2000-04 and then got into high-frequency trading in securities and futures markets all over the world until founding Loyakk.

Tsvetan Georgiev: Technical Architect/Lead Developer. He looks like the mastermind that spent 15+ years at SAP working his way up to leadership positions.

Loyakk has a team advisers that includes the CIO of Nissan, former CIO of McAfee and two SAP higher-ups. There are three blockchain advisers with plenty of experience in the space.

Verdict

Current communication channels between enterprise partnerships lack security, transparency and efficiency. The problem is they are forced to email each other all the time. Loyakk wants to give them a better system by adding blockchain to the business application stack. The enterprise will leverage the potency and power of the blockchain to do fundamentally different things that they couldn’t do up to this point. Their platform is patent pending (which is something you don’t hear often in this space) and will be able to evolve to changes in the technology.  It is meant to cover both intra-Ethereum and cross-chain.

Risks

  • Token reconciliation and settlement will be done in 8-12 weeks after the conclusion of the token open sale event. With the event ending in July, that means tokens won’t be trading until October. -2
  • A $45 million hard cap is on the higher side. -2
  • The token doesn’t have many ways to bleed value to holders. No master nodes or token burning going on. The token must gain its value purely from demand to use the platform.-2

Growth Potential

  • They already have several partnerships. After briefly exploring into each of them, it looks like there are some very legit partnerships mostly to help Loyakk build its infrastructure. +4
  • Many of the core team members played big roles in the past for SAP, which is very popular worldwide; it is used to coordinate all the resources, information and activities needed to complete enterprise-wide information systems billing, including accounting and finance. It was also learned in an interview with the CEO that Loyakk will officially partner with SAP. +4
  • Enterprise Security Magazine names Loyakk a ‘Top 10 Blockchain Solution Vendor -2018’. +2
  • The team looks really strong, as evidenced by this reply from the CEO when asked about his MVP: “We have V1 built (with approx 400K+ lines of code) and deployed by customers. V2 with Vega Blockchain aspects is being designed and built. Blockchain patents have been filed, token def published on github, relationship modeller showcased via demo video, and broader demo is almost done. As per Roadmap, Vega will be ready in Q3/Q4 timeframe”. +3

Disposition

This is one of those projects with unlimited upside, and a seemingly high floor since being partnered with SAP pretty much guarantees they are around for years to come. 7/10

Investment Details

  • Symbol: LYK
  • Platform: Ethereum
  • Current Release: 177,000.000 (177m)
  • Token Sale: 60,000,000 (60m)
  • Price: around $0.60 before bonus
  • Private Sale: Now open
  • Pre-Sale: June 7
  • Public Sale: June 15- July22
  • Hard cap: $45 million
  • Whitelist: https://loyakk.io/loyakk-ico-whitelist/
  • Website: https://loyakk.io/
  • Telegram: https://t.me/loyakk

Featured image courtesy of Shutterstock.

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4.1 stars on average, based on 17 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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