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ICO Analysis: TrustedHealth

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Global healthcare expenditure crossed $9 trillion in 2017 and is expected to grow manifold over the next couple of decades. Despite its growth and rapid advancements, the global healthcare industry still faces several challenges in its current form. Issues such as limited access to specialists, lack of collaboration and transfer of knowledge, varying and fragmented data standards and most importantly misdiagnosis are still persistent. Misdiagnosis is a very severe problem faced by the industry as around 20% of the overall patients, and 44% of global cancer patients are misdiagnosed. 

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TrustedHealth will serve as an ecosystem that provides access to the best specialists and  medical support while saving time, helping research the right medications and eliminating the need to travel, especially when time is of the essence.

The Trustedoctor platform is at the center of the TrustedHealth ecosystem. Trustedoctor is the first partner platform of the TrustedHealth ecosystem and already has a functional platform that connects patients to world-leading specialists. The platform provides patients access to the best medical care regardless of their location.
At present, Trustedoctor provides consultations in brain and lung cancer-related cases and plans to expand in other diseases. Doctors can connect and coordinate with each other for Doctor-to-Doctor consultations. Trustedoctor has 50 world-leading specialists in six countries, more than 300 users and is supported by 16 medical organizations.

A patient’s medical data will be hashed and stored in a decentralized manner such that only he has access to it. Patients can share or sell their data with doctors, research centers, educational institutes for the benefit of research and patient outcomes. Even diagnostic labs, pharmacies, insurance companies, patient organizations and legal firms can become a part of the ecosystem. The TrustedHealth ecosystem will cover everything that specialized medicine patients and doctors need.

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The roadmap extends till 2020, and the project is being developed in four stages. The stage 1 of the development process will get completed in Q3 2018 and will tokenize the Trustedoctor platform while adding two more diseases. Further features and diseases will get added progressively in the later stages.

Token

TrustedHealth is set to introduce a common currency within the ecosystem that will be called TDH. The TDH token will be used as a utility coin, engagement reward coin and subsidized payment method for transactions within the ecosystem. Trustedoctor is the first platform on the Trusted Health ecosystem and will have the TDH tokens embedded in it. As more partners get added to the ecosystem, they will use TDH as their primary token. Payments across the platform can also be done using fiat, but there will be special incentives and discounts for using TDH.

The token distribution is as follows:

  • 20% of the tokens are allocated to the company for future crowd sales and referrals.
  • 30% of the tokens are allocated to the team.
  • 50% of the tokens will get distributed amongst the ICO contributors.

Team

TrustedHealth’s team is a good mix of professionals from different streams. Founder and CEO Greg Jarzabek is an alumnus of Harvard, ESCP and Warsaw School of Economics. He has extensive experience as a credit trader. He created Trustedoctor in 2016 after the death of his mother due to cancer, with the goal of improving the state of the healthcare industry. Philippe Schucht, a neurosurgeon from Switzerland, is the chief medical officer. TrustedHealth has a team of 19 members, with nearly all working as full-time employees.
The company has 12 advisers, many of whom are doctors and medical professionals.

The CEO’s shift towards healthcare after years of working as a credit trader is driven by a genuine commitment to helping patients access specialized medical professionals.

Verdict

On a standalone basis, TrustedHealth is a simple project which provides access to specialized doctors and stores user data in a decentralized manner. But TrustedHealth is more than that; the team’s vision is to create an ecosystem that will connect every element of the specialized healthcare industry from the pharmacies to the insurance companies.

One thing that I particularly like about TrustedHealth is their top-down business model. Rather than opening the platform for all type of consultations they are going one disease at a time. After identifying a disease that would be included in the platform, the focus becomes onboarding key opinion leaders and medical organizations in that segment. Once the prominent figures and institutions in the sector are involved, other doctors will actively join the ecosystem.

However, the success of an ecosystem depends on the community that it attracts and only time will tell how TrustedHealth fares. Till then, they have a basic working product backed by a good business model.

Risks

  • The teleconsulting segment in which Trustedoctor operates is very competitive. There are many platforms offering video consultation services with doctors.
    However, TrustedHealth’s focus on niche specialized healthcare and creation of the entire ecosystem differentiates it from general healthcare platforms. -2
  • The focus on specialized healthcare and a small set of diseases will affect the scaling potential of the platform. -2
  • Specialist doctors in diseases like brain cancer are some of the busiest professionals out there. Would a specialist doctor have time to provide online consultation via Trustedoctor? -1

Growth Potential

  • TrustedHealth has a top-down approach to scaling where they onboard institutions and thought leaders first. This will help them grow as regular doctors will follow institutions and the leading doctors a particular disease segment. +4
  • Trustedoctor is a working product with 50 specialist doctors and the support of 16 institutions. Trustedoctor offers brain and lung cancer consulting, which are among the most complex diseases. +3
  • TrustedHealth’s team is well qualified, and they genuinely want to improve healthcare globally. +2
  • The ICO has a small hard cap of only 7m500 ETH (~$6 million U.S.). A working product coupled with a small hard cap gives plenty of growth potential post listing. +2.5

Disposition

TrustedHealth gets a rating of 6.5 out of 10. We like the project for its short as well as long-term potential. The low hard cap can be easily achieved, and the first stage of the roadmap will get completed in Q3 itself. This will keep the investors hooked. Trustedoctor is a working product – you can check it out here.

Investment Details

  • Token Type: Utility
  • Platform: Ethereum
  • Symbol: TDH
  • Initial Value: 1 TDH = 0.000046 ETH
  • Pre-Sale: Mar. 20, 2018
  • Public Sale: Mar. 27, 2018
  • Pre Sale Bonus: 30%
  • Hard Cap: 7500 ETH (~$6 million)
  • Jurisdictions Barred from Participating: USA, China
  • Website: here
  • Whitepaper: here

Featured image courtesy of Shutterstock. 

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

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4.5 stars on average, based on 16 rated postsAakash Kawale is a financial analyst based out of Mumbai, India. He is the lead analyst at a Singapore based organization and has extensive experience of analyzing US and Indian equities. Aakash is a strong advocate of the Blockchain technology and has been analyzing cryptocurrencies since 2015.




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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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4.6 stars on average, based on 37 rated postsKent Hamilton - ICO Analyst on Hacked and Founder of CryptoDayTrader.io - ICO Insider Info




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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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