ICO ICO Analysis : Vault 12 Published 6 months ago on July 27, 2018 By VlaSem Everybody knows that a huge sum of cryptocurrencies are lost when owners lose access to their private keys. Vault 12 project tries to solve one of the most important problems every crypto investor faces every day: securing their assets. Vault 12 was designed as an application that will simplify the protection of cryptographic tokens as easily as opening an application on our smartphone or computer, choosing people from our friends and relatives that we want as our audit circle, and then providing a mechanism to protect these digital assets until we decide to use them. The purpose of Vault 12 is to provide crypto users with tools to actually store and protect their crypto assets without any unjustified risks, thereby giving users full control and ownership of their crypto assets in a private and stand-alone manner. Shamir’s Secret Sharing Algorithm provides tools for circumventing documents, files, and images through a decentralized Vault 12 storage network. This cryptographic algorithm literally divides (or breaks down) your documents (let’s say, the image of your seminal words) into several parts as if dividing a piece of A4 paper into 4 squares and then distributing them to different authorized devices or people you have chosen. To recover a document or key, a given number of devices must call a certain number of these fragments to access your document or private key stored in the Vault 12 decentralized storage network. This protocol helps determine the role of each device in the grid, where certain operations are possible only on certain devices belonging to the trustees of your choice. Having different levels in your social network, this allows you to significantly increase the number of fragments to ensure that redundancy is achieved successfully. As an example: The owner/master device selects its custodians (Trust Levels), as described above, whose phones are now becoming distributed storage nodes. Then, the owner opens a repository of distributed data stores on these nodes, and the application on the master device splits the private keys into encrypted fragments, which are then distributed to the custodians, in particular, the custodians for permanent storage. After the transfer of fragments, the application checks them and periodically monitors the state of the storage. If the owner wants to unlock the vault, in this case, a social check comes into effect, the application starts to collect the threshold amount of pieces, which allows the master device to begin the process of recovering private crypto asset data, allowing the Master device to use the specified data. It is also important to note that if the Master is lost or compromised accidentally, the owner is protected, since the device itself does not store crypto assets, so there is nothing more valuable than recovering from the Master. Token A total supply of 1 billion VGT tokens are provided. Forty percent all issued tokens will be sold. An additional 10% will be allocated to the pool of community rewards and will be awarded, at the discretion of Vault 12, for individuals and organizations for outstanding high-quality open source contributions to the Vault Cryptostorage platform and code base. Fifty percent will remain locked in the inventory of the company within one year after the date of the end of the initial sale. After the initial annual lockout period, Vault 12 will never sell more than 10% of the remaining number of blocked tokens during the calendar year. Vault 12 created Vault Guardian Token (VGT) to enable all services and applications deployed on the Vault Cryptostorage platform. VGT is designed to be used for the following purposes: Owners can encourage their Custodians by offering various payments or direct periodic payments, or a reasonable contract from the service of a professional custodian. For example, let’s say that Peter has 6 random guardians who will be paid 10 tokens a month for their services. Peter will transfer 600 tokens to his application for storage, and the custodians will be paid 10 tokens per month for this full year. At the end of the year, Peter would need to buy more tokens to keep his guardians in the provision of services. Operators can set higher tokens fees for a higher level of service, for example, higher overall throughput or greater reliability. To join this service, Peter would need to transfer 100 VGT tokens to his platform storage application to purchase these services Team Vault 12 has an all star team and advisors. Co-founder and CEO Max Skibinsky is a serial entrepreneur, angel investor and startup mentor. Most recently, Max was an investment partner with Andreessen Horowitz, where he focused on enterprise security and bitcoin and deals with Tanium, TradeBlock and Digital Ocean. In addition to co-founding Vault 12, Max leads the R&D team. Co-founder and COO Blake Commagere is a serial entrepreneur, angel investor and an advisor to several companies in the San Francisco Bay Area. He has started seven companies and sold five of them. He regularly gives talks on subjects including Growth Hacking, Fundraising and Psychology Management. Chief Design Officer Brandon is a creative director and product designer with experience consulting for Fortune 500 companies and startups. He has experience with cyber security, enterprise trading and personal banking. Brandon was the co-founder of Alchemy50, a Brooklyn-based product design firm. A50 was acquired in 2017 and their clients included United Healthcare, Dataminr and Betterment. He has also designed security products for Comcast, trading platforms at Reuters, and advised on autonomous banking initiatives at Citi. Chief Crypto Officer Wasim Ahmed is a serial entrepreneur and an advisor in the fields of AI, blockchain, cryptocurrency, e-commerce and encryption solutions. At Vault 12, he heads up marketing and business development. Previously was a founding member of the Voltage Security team, a spin-off from Stanford University, that launched Identity-Based Encryption (IBE). Format-Preserving Encryption (FPE), and pioneered the use of sophisticated data encryption to protect sensitive data and payment information. Vault 12 has a very strong set of advisors like Jarrod Dicker from Po.et, Sathvik Krishnamurthy from Voltage Security, Vinny Lingham from Civic and Roman Storm from POA network. Big names in the VC world like Kenetic, #Hashed, FBG and Winklevoss Capital Management also have a stake in the company. Verdict If we will take into account circulation at listing including lockups, we will see a potential valuation of $40 million. Token distribution is pretty centralized due to offering to accredited investors., so short-term potential may raise some concerns. But the long-term picture seems positive and encouraging. Risks Competition in the sector is rather fierce if you consider wallets like ledger nano and others. -1 It is hard to predict whether the pricing of higher level services will be available to the community at large, which could limit overall demand -1 The community can be skeptical about uploading their seed words or documents on the internet -1 Projects accept funds only from accredited investors due to legal concerns, which can result in a weak community from existing crypto enthusiasts. -1 Hard cap of 40 million is pretty high at the current market for an application. -2 Growth Potential The private key depositary is only the beginning. The project will add other types of supported files for storing in the future. +1 The project can be first of its kind so it will have the advantage to seize market share +2 It could be a potentially preferred platform for wealthy individuals and institutions if they will enter crypto asset market +1 Team and advisors are well built and have a wealthy experience in traditional and crypto markets +3 Strong VC support including Winklevoss brothers. +2 MVP is available, the platform will be launched in October. +2 Road map is pretty short, which can result in a fast adoption and commercialization +1 Disposition Overall, the disposition looks promising. The project has a strong team, product and road map with good long-term prospects, but there are several concerns which results in a still strong rating of 6 of 10. Investment Details Type: Utility Symbol: VGT Platform: Ethereum Crowdsale: August/September Minimum Investment: TBA Price: 0.1 USD/VGT (10%/30%) Hard Cap: Around 40m Payments Accepted: ETH, USD Restrictions Barred from Participating: Only accredited investors are allowed General details : Website : https://vault12.com/team/ Twitter : https://twitter.com/_vault12_ Github : https://github.com/vault12/ Telegram : https://t.me/vault12 WP : http://bit.ly/vault12-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. (1 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... VlaSem 4.9 stars on average, based on 41 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. Follow @HackedCom Feedback or Requests? Related Topics:initial coin offeringupcoming icosvgt token Up Next ICO Analysis: Perlin Don't Miss ICO Analysis: Contents Protocol You may like ICO Analysis: Fieldcoin ICO Analysis: Dispatch ICO Analysis: Chia Network ICO Analysis: Mattereum ICO Analysis: IoTBlock ICO Analysis: EndChain 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: Fieldcoin Published 2 days ago on January 13, 2019 By Joshua Larson Fieldcoin is an agribusiness crowdfunding platform that enables anyone to buy, sell, rent, and manage farmland from anywhere in the world. Using IoT, smart contracts, and other agribusiness technology, token holders will form a DAC (Decentralised Autonomous Community) and vote on every aspect of their chosen agribusiness from seed to table. “Fieldcoin’s mission is to bring the blockchain technology to land property transactions and agricultural crowdfunding projects while creating a stable transaction instrument easing the process of land and agribusiness acquisition.” Fieldcoin will offer access to LANDS Management Services. Investors will be able to buy/sell/manage physical land of different sizes and budgets at an attractive price compared to the market value. The company claims to: Brings liquidity to the agricultural industry The token is backed by land. Decentralize the highly centralized agriculture market Track the origin of food products. Manage the way the food is grown (pesticides or organic) Along with the above highlights, Fieldcoin’s “trade-back token” guarantees an 80% ratio on the value of your token to the assets in the ecosystem and the possibility of claiming your assets in physical property at a certain rate under the market price. In the Fieldcoin ecosystem, there are 2 levels of ownership: “Off-chain,” which is to comply with national regulations and “On-chain,” which is recorded and transacted on the blockchain. Off-chain: Fieldcoin Ltd or a third party company DAO (decentralized autonomous organization) owns the property titles recorded in the national land registry. The token holder owns a share of the company representing the specific land acquired on the platform. On-chain: Fieldcoin Ltd creates a unique token with a unique number representing a specific property called LANDS (ERC721). The LANDS token represents the ownership of the property and can be exchanged on the Fieldcoin platform using the Blockchain. The FCO will start April 2nd, 2019. FCO means Field Coin Offering. It’s like any ICO, users buy (FLC) ERC20 Utility tokens which are used to acquire non-fungible tokens (ERC721), which represent a particular agricultural property. “The acquisition of NFT tokens during the ICO makes the Field Coin Offering unique and offers a strong advantage to investors that are able to test the platform and own tangible assets during the Coin Offering.” Token FLC is an ERC20-based utility token distributed during the FCO. The token is used as a currency to buy land, services and crowdfund agricultural projects on the platform. LANDS is an ERC721-based token received after buying a specific land property through our platform, representing land ownership and storing the data of your property. LANDS are also available for purchase during the FCO. According to the company, trade-back token is “Token holders will buy land on Fieldcoin’s platform and pay the full market price displayed on the website. They will be credited with a coupon to buy land for later purchases. The value of the voucher corresponds to the difference between the price drop of the token under the 80% threshold and the actual value of assets in Fieldcoin’s Ecosystem. The coupon can be applied to available properties sold by Fieldcoin Ltd on the platform.” Distribution: Private Sale 2% FCO 60% Token Bonuses 17% Reserves 10% Team 9% Bounty 2% Allocation of funds: 60% Purchase of Physical Land 15% Agribusiness Development 10% IT 7% Legal 6% Marketing 1% Reserve Fund 1% Social and Rural Development Ecosystem asset reallocation: 85% Land Recapitalization 9% Business Operations 5% IT Development 1% Participation in Communities Team The Fieldcoin project is governed and supervised by Fieldcoin Ltd, registered in London. The team members are from France, Canada, USA, India, Belgium, Italy, the UK, Pakistan and China. There are over 25 team members including the advisors. Marc Couzic is the Founder/CEO. He is a freelance commodities and crypto trader since 2013 and has been a “Contributor” to 3 blockchain projects this past year; Experty.io, Kart Block, and Magna Numeris. Alexandre Palubniak is a Web Project Manager from France. He has spent 7 years as a freelance “Director Artistique”. Jeremie Joncas is a COO from Canada but there is not much info on him. He owned a business for 4 years called J2 Entretien (but can’t find any info in it). He’s traded crypto for the last 1.5 years. The rest of the team is similar to the above – very little experience in agriculture or blockchain. There are also 10 Contributors/Advisors. They are average. Verdict When describing the benefits of Fieldcoin in Telegram, CEO Marc Couzic had this to say, among other things. “Yes, it is a share profit system where 40% of net profits on production goes to the externalized land management company or farmer (choosen by Fieldcoin) exploiting the land and 60% to the owner. The holder of LANDS tokens won’t need to do a thing besides participating in decision concerning the type of crops and agricultural method used on its land. The idea is to levy the burden of execution for the investor and move towards agricultural automation processes. Additionally, the price of land grow on average 2-3% worldwide” The idea of Fieldcoin is to have Decentralized Autonomous Communities that will decide on the agriculture products and management of their lands. They will vote on things like the amount of pesticides used, or if they want pure organic or reasonable agriculture. The problem is DACs are complicated. Billion-dollar projects like Ethereum and EOS are still developing the tools to perfect them. Does Team Fieldcoin even have the ability to execute this massive project? It seems iffy, as they are fast approaching on the pre-sale and do not have an MVP. They only have this picture of one. Risks Small soft cap of just $3 million USD. According to the company: “the Proof of Concept can only be implemented once the FCO has reached $5 million USD. In the event of the cap not being reached, the Proof of Concept will be postponed.” This is sketchy. -1 The team is not very impressive at all. -2 Their business plan requires the minting of new Fieldcoin tokens to buy more land. They explain the process in detail here. -1 Only 13% of the funds raised will go to legal and marketing. -1 DACs are complicated. Many top projects are delaying launch until they figure out governance. -2 Growth Potential First mover advantage. +2 They say they’ve already purchased land, have buying promises and about 35 offers to be displayed. +2 85% of the Ecosystem asset reallocation is reserved for new land acquisitions further expanding the Ecosystem.+2 “Fieldcoin plans to target low-risk and average potential markets first, such as the countries within the European Union, and will then move slowly to countries with more venture capital and with much higher expected returns for Fieldcoin’s Ecosystem.”+1.5 1% of the Fieldcoin tokens will be allocated to the Fieldcoin Foundation, which aims to develop community infrastructure. This project includes plans to build schools, water wells, irrigation systems, and roads.+2 “The Fieldcoin token is supported by “Trade-Back Protocol”, offering token holders the possibility to claim LANDS at a reduced price in case of market dips. Thanks to our upward trend capitalization mechanism, new physical lands will be acquired by Fieldcoin Ltd. increasing the guarantee of the Trade Back Protocol.”+2 Although we don’t score Fieldcoin well, these “respected” ICO sites have them ranked rather high. +0.5 Disposition The tools required to build a proper DAC voting system are only now being built. Although something similar to this DAC agribusiness will someday soon be a reality, this project is too early and too ambitious, especially with such an inexperienced team. 5/10 Investment Details Symbol: FLC (ERC20) LANDS (ERC721) Platform: Ethereum Total Supply: 1 billion Presale: Feb 4 – Feb 12, 2019 (100% bonus, 1 million USD worth of tokens available) Price: 1 FLC = $0.05 FCO (Field Coin Offering) Start date: April 2nd 2019. Hard Cap: $31 million Soft Cap: $3 million Telegram: https://t.me/fieldcoin Website: https://www.fieldcoin.io/ Barred Jurisdictions: USA and China All unsold tokens will be burned. 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. (2 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... Joshua Larson 4.2 stars on average, based on 27 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! Follow @HackedCom Feedback or Requests? Continue Reading ICO ICO Analysis: ECOMI Published 1 week ago on January 5, 2019 By Kent Hamilton ECOMI Collect is a delivery cross-platform (mobile, desktop, web) application and marketplace for buying, selling and swapping premium licensed digital collectibles and digital artwork. The authenticity and scarcity of digital collectibles is created using Distributed Ledger Technology (DLT). ECOMI Collect is operated and supported by ORBIS Blockchain Technology Limited, a registered company in New Zealand, with offices in New York, Auckland, Taipei and Shanghai. ORBIS is comprised of 17 staff plus 14 board members and advisors. ECOMI has a vision of being the #1 platform for buying, selling, and trading premium digital collectibles and virtual goods using Distributed Ledger Technology. ECOMI plans to revolutionize the 200 billion USD collectibles market by building its own ecosystem (ECOMI Collect) on Blockchain technology and a Secure Storage Wallet. ECOMI already has major brands on board that will give them instant worldwide attention and credibility. They also have a team that is unparalleled in this industry including their Head of Global Licensing, Alfred Kahn, who is responsible for bringing Pokemon to the world as well as “go to market” strategies for iconic brands such as Cabbage Patch Kids, Pokemon Go, Teenage Mutant Ninja Turtles, Yu-Gi-Oh and many more. ECOMI Collect will give users real ownership of premium licensed digital collectibles and virtual goods while providing counterfeit protection and the ability for peer to peer transactions. ECOMI Collect intends to dominate this market by capturing six main categories: movies, television series, evergreen characters, animation, gaming, and digital art. Every user will have their own personal showroom which they can customize by using different layouts, backgrounds, and props. Users can make their showrooms private or public, and even share across multiple social media platforms. The vision is to revolutionize the collectibles industry by creating the world’s best platform giving users the freedom to interact and control their digital collectibles worldwide. The ECOMI Secure Wallet is the world’s first wireless, credit card sized, cryptocurrency hardware wallet. It is a true cold wallet that never connects directly to the internet that employs (CC EAL 5+ Security) government level encryption and security. It also uses an encrypted secure Bluetooth connection to the host device (iOS or Android smartphone) removing the need for a wireless connection. The Secure Wallet has an E-paper display on the card to view balances and pairs with the ECOMI app to view manage balances online. The ECOMI Secure Wallet can bend, waterproof, and has a fully rechargeable battery. There are no extra fees or contracts and it currently supports Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. Token The ECOMI token is needed for the sale and purchase of digital collectibles and secondly, access to extra features and benefits within the app. The digital collectibles offered through ECOMI Collect are Non-Fungible Tokens (NFTs). In order to facilitate the purchase and trade of digital collectibles, ECOMI Collect utilizes the OMI token. The OMI tokens will be GO20 standard whereas the digital collectibles are GO721 (NFTs). When a purchase of a collectible is made, the OMI tokens will be exchanged for the NFT. The NFT will be sent to the users Ecomi Collect app and become rightfully theirs, whilst the OMI tokens used for the purchase are discarded to a locked address. Use of funds: Licensing Acquisition -55% Product Development -22.5% Marketing Expenses-15% Business Operation -5% Legal Expenses -2.5% Token allocation: ICO (Private & Public Sale) 20% | 150,000,000,000 OMI In App Purchases 40% | 300,000,000,000 OMI Business Development 20% | 150,000,000,000 OMI Team, Advisors, Board Members 20% | 150,000,000,000 OMI (ECOMI Team / Board / Advisors 12 month cliff, ECOMI Founders 24 month cliff, then vested at 25% quarterly) 1 token is equal to 1 satoshi and is only planned to be listed as BTC pairing on exchanges to minimise any potential downside to the token price. Team Below is a breakdown of the key team members. David Yu (Co-Founder & CEO) Founder – Games R Us Founder – Retail Management Group Trustee – Touchable Earth Foundation 2016 Young Entrepreneur of the Year Award – Australia New Zealand Chamber of Commerce Taipei 21 Years Experience in Collectibles and Branding Alfred Kahn (Head of Global Licensing) Chairman & CEO of CraneKahn LLC Chairman of the Board of Toon Goggles Inc. Chairman & CEO of 4Kids Entertainment Licensing Responsible for the biggest hits in licensing such as Pokemon, Cabbage Patch Kids, Teenage Mutant Ninja Turtles, and Yu-Gi-Oh! Credited for the marketing of brands such as Nintendo, Mario Bros, Donkey Kong, Zelda, James Bond, WWF, WFW, and Xbox to name a few. MB Technology Co-Founder of the Interoperability Alliance Benn has lead ICO strategy for projects such as Wanchain, Quarkchain, Aion, Icon, GoChain, Origo, Fantom and many more. Benn has brought multiple top-tier projects to the cryptocurrency market and is definitely considered an industry leading advisor. Daniel Crothers (Co-Founder & COO) Co-Founder ABC Stars Co-Founder Digitalus Co-Founder HERB Joseph Janik (Co-Founder & CIO) Co-Founder of Movement Food Territory Business Manager of TechnoGym Account Executive of Rivkin Verdict The virtual goods market is currently at $80 Billion USD and expected to grow to $100 Billion USD within the next three years. The collectibles industry already generates $200 Billion USD annually, and ECOMI has strategic plans to capitalize on this growing trend in both markets. With this team’s credibility, ECOMI can easily become a major player in this field from their launch. Risks Only 20% of tokens are available during the ico sale which is considered to be on the low side. However, ico’s with similar token metrics, such as QuarkChain, have performed quite well. -1.5 Although they may not have team members as well known as the ECOMI team, there are competitors that have the advantage of already being in the space. -1 Growth Potential Compared to other ICOs with all-star teams, the hard cap is rather low which allows for greater opportunity for growth among initial investors. +1.5 The team brings years of expertise and experience in the necessary areas for ECOMI to succeed in what they’ve set out to achieve and is definitely the star of this ico with major credibility and recognition. +3 Strategic partnerships are key to helping ico’s succeed. ECOMI has partnered with CraneKahn® which is an international PR and licensing company powered by the visionary Alfred Kahn. Alfred brought to the world iconic brands, licensing programs and caused the viral adoption of major brands such as Pokémon/Pokémon Go, Cabbage Patch Kids, Teenage Mutant Ninja Turtles, Yu-Gi-Oh!, Super Mario Brothers and many more, earning him membership in the Licensing Hall of Fame and KidscreenHall of Fame. ECOMI has also signed, or is at the final deal memo stage or MOU, with many top global brands. +3 Real world application is instrumental for the success of any blockchain project. An instore retail program will be introduced to support consumers with retail products being distributed throughout 4,000+ retail channels established through existing relationships. +2 Disposition With ico’s on the decline and recently shown in a negative light in the media, ECOMI could be exactly what investors are looking for: a project with a stellar and highly respected team, an achievable roadmap, and entering the virtual goods market which is estimated to reach $100B over the next five years. ECOMI receives a 7 out 10 rating. Investment Details 1 token is equal to 1 satoshi and is only planned to be listed as BTC pairing on exchanges to minimise any potential downside to the token price. Symbol: OMI Token Type: GO20/721 Total Circulating Supply: 750,000,000,000 OMI Tokens Available for Sale: 450,000,000,000 OMI Price: 0.00000001 BTC (1 Satoshi) Hardcap: 1,500 BTC Accepted Currencies: BTC Learn More: Website: ECOMI.com Pitch Deck: ECOMI Pitch Deck Telegram: t.me/ecomi Medium: medium.com/ecomi Twitter: twitter.com/ecomi_ Facebook: twitter.com/ecomi_ YouTube: www.facebook.com/ecomi.ecosystem Disclosure: Analyst does not own ECOMI tokens. 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. (1 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... Kent Hamilton 4.6 stars on average, based on 54 rated postsKent Hamilton - Co-Founder of CryptoDayTrader.io, where we are building Pro Crypto Tools Follow @HackedCom Feedback or Requests? Continue Reading ICO ICO Analysis: Dispatch Published 2 weeks ago on December 30, 2018 By Daniel Won Although it has the highest market cap and is the most popular cryptocurrency, Bitcoin is able to proceed on average only seven transactions per second. This means that when twenty people try to send their BTC at the same time, more than ten of these people have to wait until their transaction is confirmed and for the receiver to get their BTC. It is the same with Ethereum as well, due to its average fifteen transactions per second. Cryptocurrencies face a problem of scalability and if they are to reach the holy grail of main-stream adoption at some point in the future, this issue must be solved. But that is not all. When there is a network congestion and you need to send your tokens immediately, you might have to pay high transaction fees as well. Consider the following scenario: You are at a coffee shop, getting your morning coffee. They accept cryptocurrencies and you want to pay with your ETH. Unfortunately, there is a network congestion so that in order to pay ETH worth of $3 immediately, you have to pay a transaction fee in ETH worth of $5. Dispatch is a project proposing solutions to these issues. Its protocol enables fast, scalable, secure DApps without any transaction fees. It handles governance on-chain and data off-chain, making high transaction throughput a possibility as the network works more efficiently this way. Although Ethereum is deemed to be the main platform for DApps, the protocol is backward compatible, meaning that almost every decentralized application built on Ethereum can be moved to and work on Dispatch. Three key components of the Dispatch Protocol are as follows. The Dispatch Ledger: Just like with Bitcoin and Ethereum, the Dispatch Ledger keeps the record of transactions. The Dispatch Artifact Network: A network of data farmer holds data that cannot fit in the ledger. The Dispatch Virtual Machine: DVM connects these two main components. Dispatch’s own Delegated Asynchronous Proof-of-Stake (DAPoS) consensus algorithm enables a fast and eco-friendly environment for decentralized applications by incentivizing collaboration among validators, instead of competition as in other blockchain projects. It’s main difference from its competitors is its dependence on individual transactions’ gossips rather than the sequential distribution of blocks. Token The Dispatch token will be used to conduct transactions, for community building and as a bridge to other components of the Dispatch ecosystem. The total supply of DAN is 25,000,000,000 tokens. 42% of the total supply will be allocated for the token sale. No other information on the token distribution and how the team is planning to use the token sale proceeds are made public yet. Team CEO Matt McGraw: McGraw was the vice president of culture, client and staff experience at Synoptek and the manager of consulting services at All Covered. Patrik Wijkstrom: Wijkstrom has worked as the director of advisory services at PwC, as the senior manager of user experience at Juniper Networks and as the content and attribution tools manager at Nortel Networks. Zachary Fallon: Fallon worked as senior counsel for eight years at the U.S. Securities and Exchange Commission and as an associate for about 3 years at Latham & Watkins. Darin Kotalik: Kotalik was a marketing operation strategist at Cisco and a senior product manager at Adobe Systems. Colin Lowenberg: Lowenberg has worked as a solution architect at Cisco Meraki, as a chief wireless architect at Accenture and as a wireless field applications engineer at Broadcom. Denis Molchanenko: Molchanenko was a lead automation engineer at Hitachi Data Systems, a performance engineer at IBM and at Charles Schwab. Dmitri Molchanenko: Molchanenko has worked as an automation engineer at Intuit and as a staff QA engineer at VMware. Advisors Nicole DeMeo: DeMeo has provided her marketing consultancy services to Babbel, Peak Games, Trendyol, Hewlett-Packard and Organic. Gil Penchina: Penchina has held respectable positions at eBay, Bain & Company and General Electric. Tim Siwula: Siwula was a software engineer at ConsenSys. Andrew Segal: Segal is an assistant professor of computer science at the University of San Francisco. Paul Lambert: Lambert has worked at Marvell Semiconductor, Oracle and Motorola. Jordan Burton: Burton was a case team leader at Bain & Company and the director of business development at EzGov. Investors Fenbushi Digital: Fenbushi Digital is an Asian leading firm investing in and promoting blockchain projects. Verdict Below is a breakdown of the risks and growth potential of Dispatch Labs. Risks The main problem which transaction fee-free blockchain projects usually face is that either the network is highly centralized or successful attacks on the network are not costly. It is not clear that how the Dispatch Protocol can operate without facing these two issues. (-1) Very limited information on token metrics and token distribution is made public so far. (-1) Growth Potential Great team and advisors. (+2) The token sale will be conducted after the main-net is launched, which is something we do not see very often. The team seems to do things right and this should provide trust in the project for the ICO investor. (+4) Disposition Top cryptocurrencies such as Bitcoin and Ethereum are known to have problems of scalability and occasional high transaction fees. Although most decentralized applications are built on Ethereum, the low transaction throughput makes it inconvenient to use them as well. Dispatch provides a fast, secure and transaction fee-free network to solve these issues. By dealing with governance on the chain and data off the chain, it is able to provide high transaction speed and its own consensus protocol Delegated Asynchronous Proof-of-Stake provides an eco-friendly mining solution by incentivizing collaboration instead of competition among validators. Thanks to its backward compatibility with Ethereum, any decentralized application working on Ethereum can work on Dispatch as well. There is very limited information on token metrics and token distribution as of the time of writing and this makes it hard to evaluate the project’s financials and estimate any potential return on investment. The usual problem that blockchain projects without transaction fees are that either they are highly centralized, or they do not have strong defense mechanisms to evade attacks. It is not clear that how the Dispatch Protocol can operate without facing these two issues. On the bright side, the project has a great team and is backed by an all-star advisory board. The token sale is planned to be conducted after the main-net is launched and this is something we rarely see nowadays. Dispatch Protocol receives a 4/10. Investment Details Type: ERC20 – Utility Symbol: DIS Platform: Ethereum Crowdsale: Unspecified Minimum Investment: Unspecified Price: $0.005 Hard Cap: $39,500,000 Restricted from Participating: Unspecified For More Information Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. 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. (1 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... Daniel Won 4.8 stars on average, based on 35 rated posts Follow @HackedCom Feedback or Requests? Continue Reading Top 3 Price Prediction Bitcoin, Ripple, Ethereum:... Ethereum Price Analysis: ETH/USD at Risk of Fast M... GBP Price Prediction: British Pound Jumps on Growi... ETH/USD Price Analysis: Ethereum’s “Thirdening” Ap... Crypto Update: 5 Altcoins to Watch This Week Bitcoin’s Price Recovery Stalls as BitMEX Shuts Do... 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