ICO ICO Analysis: Tierion Published 12 months ago on July 25, 2017 By P. H. Madore The Money Makers Club now has 6 of 15 available seats. Learn more here! We enter this analysis with a concept not to be swayed, that document verification is a real and expanding industry, so the business model of providing cryptographically secure document verification is sound in principal. The company is already in business, after all, so failing to fund during the ICO will not mean there will not be later opportunities if the investor’s mood changes. They have provided a competing service to Factom for years, and now they are developing a project in concert with Microsoft and others that will decentralize the process and increase its efficiency. The primary motivation for the push to decentralization is that the cost of anchoring data to the blockchain has increased by 100 fold. As such, individual businesses which try to offer this service will probably run into a pool of clients that is too small to sustain the business model. Rising transaction fees have made it too expensive for individual developers and most businesses to anchor data. Based on current market prices, anchoring one transaction every ten minutes to the Bitcoin and Ethereum blockchains costs $181,332 per year. These costs are projected to continue to rise. Tierion Overview Essentially, what we are talking about with Tierion is a decentralized, cryptographically enhanced notary public. At its heart, this is the intent of the blockchain – an immutable, uncensorable ledger which cannot be altered by single participants without agreement from all (and in many cases, this too is impossible). Such an application is useful well beyond the simple movement of money – in fact, its use cases beyond money may outweigh its uses within money in terms of both demand and economic activity generated. Factom and others have pioneered in the field of utilizing blockchains for document verification and certification. Tierion aims to be a multifaceted firm, with their verification product, called Chainpoint, being the first use case for the TNT token. The token will be used to incentivize the hashes and proofs provided, as well as to acquire these services. The network will be a mix of large scale centralized companies such as Microsoft, who have already signed on, and independent operators. There are a few types of network participant, Microsoft falling into the first category: Core Service members have access to large resources. Chainpoint.org itself will operate three such data centers, and Microsoft is also offering one, at the outset. This ensures reliability. Nodes are everyday people who run the software. “Each node that joins the network improves scalability and reliability.” Clients, for example, any business, are the people utilizing the hashing service. Their usage of the network will determine the value of the token, so outreach to them and their uptake of the technology is crucial to a rising valuation. Technologically, what Tierion does is develop an independent record which corresponds to established, secure blockchains, both Ethereum and Bitcoin being utilized in the first version. They call this independent record the Calendar, and the added value of it is that a user does not need any access to Bitcoin, Ethereum, or even the global internet. They can verify any record using Chainpoint itself. This convenience and level of separation between clients and complicated cryptographic technologies is important for adoption. A global calendar makes it possible for anyone to audit Core and independently verify the validity and integrity of the chain. Each block is signed with a provider specific public key, and the chain is periodically anchored to Bitcoin and Ethereum. Running the node software could be a redemption for those who missed out on cryptocurrency mining. Anyone will be able to contribute hashes, network throughput, and verification services by running the software, and as such they will earn TNT tokens in reward. Here are some important last bits about how Tierion works, before we get into analyzing the potential of the token as an investment vehicle. Nodes may charge for generating and verifying proofs. Node operators can also build services and charge at a price that’s independent of the value of TNT. A fixed supply of TNT will be created during a token sale using the ERC20 standard. […] The token sale and our partner commitments guarantee that for the first year, users will be able to send limited amount of data to Core at zero cost. Tierion Team The Tierion team bears noting because it is a successful team to date. They have survived some very, very bad times for Bitcoin and three years later are still in business. Now they’ve recognized an impending bottleneck that could put them out of business, but instead of that they seek to pivot and build a better future for their industry as a whole. The top brass at Tierion are veterans of the silicon age, and this may explain how they developed the connections with Microsoft. At the helm is Wayne Vaughn. As president of Fuscient, one of the few firms to not just survive the popping of the dot com bubble but to thrive, he identified that the yield of web design services was dropping, and so pivoted the company into a marketing services firm with the launch of SmartNet. Vaughn has spent most of the past two decades quietly leading Fuscient with moderate success. Vaughn is CEO, so it’s no surprise that over the past couple of years he has seen the writing on the wall (the cost of administrating blockchain data services by oneself is getting to be untenable), thus the launch of the Chainpoint platform. Him having successfully pivoted a company during changing tides gives us confidence he will steer Tierion well in addition. Lead developer and co-founder Jason Bukowski had a long career at Fuscient, from 2001 to 2015. Prior to that he had a brief stint as an everyday web developer. During his career he developed one of the first live analytics engines for websites, something very useful for the SmartNet system. Also on staff is Glenn Rempe, who has experience leading development teams for a host of notable brands – Accenture, eBay, Symantic, EA, and HP. TNT Token Distribution A fixed rate of 1 billion TNT will be created on July 27th, with a target of $25 million. Only 360 million of the tokens are being publicly sold, with another 35% being distributed strategically by Tierion themselves. A total 300 million TNT will be kept by Tierion if you include the 1% they are paying themselves for offering the token sale. We have seen worse distributions than this, and we must lend this established business some trust in its ability to accurately distribute the “incentivization” tokens in a way that will truly incentivize it. For the first year, anyone will be able to use the service for free, so this has to be paid for somehow. The Verdict Just because Microsoft is touching it does not mean it will succeed. There are too many failed ideas out of Redmond to deny this fact. However, Microsoft’s involvement does make us feel better about this one than others. Yet, on a grand scale, Microsoft could be considered a bit of a newbie in terms of cryptocurrency, and so some things could potentially be totally off their radar. Nevertheless, we have to say we’re excited about this one. Risk The decentralized and open nature of Tierion makes it a killer to all competing applications if successful. The only future for companies like Factom would be to participate in this network or create an alternative and hope that it succeeded. So our standard risk of not enough first mover advantage or not properly leveraging such is not as prevalent here. Still, there are other risks. One successful alteration of the Tierion calendar system could be a deathblow. Since there are potentially millions of participants and mistakes are made, this could happen. It seems unlikely, but it could happen. It is a risk that we will deduct .1 points for. The necessity of the core providers is a departure from traditional decentralization and could be risky. While Microsoft probably is, most firms are not eternal. The network could experience serious variance in its availability and capacity if moderate sized firms enter and pull out of the core service sector often enough. We deduct .25 points for this possibility. In terms of the token itself, one thing that comes up is the ability of node operators to forego the usage of the token when receiving payments. This could create a situation where several node operators are making significant gains using the software, but the only usage of the token is when they occasionally pay to have their calendar verified and other things they must do with the large core service providers. Forcing the usage of the token is a way to force its value to rise with its demand, but allowing for alternative payments at the least regulated level of participation is potentially dangerous. It’s unclear how this will actually play out in practice, or if it would even be profitable for operators to act in this manner, but it’s entirely imaginable. As such, here we find our biggest point cut: 2. Leaving risk zone, we have a negative carry of 2.35 points. Let’s see what we can find positive about the token, regardless if we believe the software will probably revolutionize several sectors of business. Growth Potential Microsoft putting its name on this project means that abandonment is unlikely, and incentives all around to make the thing work are higher due to the desire to have ongoing relationships with Redmond. +1 With the right marketing, the ability to cheaply hash documents on a public and secure blockchain will find use cases we can’t even imagine right now. Everything from immigration to speculative scientific notions will find uses in this ability. This thing could potentially be massive. TNT tokens will rise in value as the popularity of the service rises. +5 Microsoft’s involvement means that others will follow or try to compete. A “Google Notary” is imaginable, and the potential that such services could rely on the Tierion network is a big plus, but a mitigated one – companies like Google could go the other way, pick an alternative network, or build one of their own. +1 Disposition 8 – 2.35 = 5.65, or about a 57% chance that if you buy in at the ICO level you will profit. Tokens often take a sharp dive after the ICO phase, so as always, there’s a chance your real profitable move with TNT is either to participate as an earning node or to wait for dips in the market rate. Investment Details On July 27th the token sale will open at https://tokensale.tierion.com/. It is recommended that you verify any address you send to before sending. In Ethereum, the smart contract should be recognizable at Etherscan.io by name – otherwise it is poorly written in the first place. There have been serious security issues as of recent with ICOs, in particular CoinDash.io losing something like $7 million to website hijackers. This being the case, the author recommends extreme caution when actually making your investment. It’s important to be quick to get in on it, but it’s also important to not repress any questions that may arise, and not send any money until they are answered by the firm directly. 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. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... P. H. Madore 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 Follow @HackedCom Feedback or Requests? Related Topics:factomTierion Up Next ICO Analysis: BETKING Don't Miss ICO Analysis: Kyber.Network You may like Trade Recommendation: Tierion/Bitcoin Trade Recommendation: Factom/Bitcoin The Short Sights on Tierion (TNT) Click to comment You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. ICO ICO Analysis: Bounty Angels Published 1 day ago on July 17, 2018 By Gerelyn Terzo The Money Makers Club now has 6 of 15 available seats. Learn more here! 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. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Gerelyn Terzo 4.6 stars on average, based on 23 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. Follow @HackedCom Feedback or Requests? Continue Reading ICO ICO Analysis: Zeex Published 2 days ago on July 16, 2018 By Alex Moskov The Money Makers Club now has 6 of 15 available seats. Learn more here! 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 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. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Alex Moskov 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. Follow @HackedCom Feedback or Requests? Continue Reading ICO ICO Analysis: Tolar HashNET Published 3 days ago on July 15, 2018 By Kent Hamilton The Money Makers Club now has 6 of 15 available seats. Learn more here! 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. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (2 votes, average: 3.00 out of 5)You need to be a registered member to rate this. Loading... Kent Hamilton 4.6 stars on average, based on 46 rated postsKent Hamilton - ICO Analyst on Hacked and Founder of CryptoDayTrader.io - ICO Insider Info Follow @HackedCom Feedback or Requests? Continue Reading 5 of 15 Seats Available Learn more here. Recent Commentsphdooy on Trade Recommendation: TRONphdooy on Trade Recommendation: ICONphdooy on Trade Recommendation: Aionphdooy on Trade Recommendation: Aionphdooy on Trade Recommendation: EOS Oil Prices Plunge as Saudi Arabia Prepares Record... Bitcoin Price Rally Shows Promise After Technical... Crypto Update: Bitcoin Blows Through $7000 but Alt... 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