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ICO Analysis: ZeroTraffic

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ZeroTraffic is offering a cryptocoin smartphone-based application to help reduce recurrent traffic congestion.

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The way ZeroTraffic works is by utilizing gamification to reward commuters who travel off-peak times with the goal of reducing peak traffic volume. Studies have shown that just a 5 to 10% reduction in traffic volume can significantly reduce congestion and help traffic flow faster.

By incentivizing users to travel using alternative routing schedules, ZeroTraffic has the goal of saving users time and offering them a way to earn prizes, while also helping reduce the traffic load for everyone else.

ZeroTraffic plans to offer non-monetary incentives such as points, badges, levels, and status, while working with sponsors and media who can award fuel, product discounts, and recognition.

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The benefits of ZeroTraffic go beyond saving a few hours of travel a week. ZeroTraffic aims to create the end result of an effective tool that can influence driver behaviour with very low operational costs. This is something many major cities have struggled and fail to do for decades.

If you’ve ever been brave enough to get behind the wheel of a car around rush hour time in cities such as New York City, Los Angeles, Miami, or Austin, you can understand the potential of ZeroTraffic.

On average, traffic congestion costs Americans $124 billion dollars a year in direct and indirect losses, and the number is expected to rise to $186 billion in 2030. A conservative estimate for the traffic costs in Canada are around $4.6 billion annually.

Zero Traffic utilizes a virtual transponder application (a GPS-enabled smartphone app) to calculate the metrics used for the award points people get. The parameters are based on exclusion zones, home and work addresses, and congestion zones defined by transportation authorities.

Team

ZeroTraffic is owned by the parent company Array Systems Computing Inc. with headquarters in Toronto and Ontario, Canada.

Array Systems Computing Inc, founded in 1981, has played an integral role in the field of Intelligent Transportation Systems (ITS), and is the builder of the COMPASS software used by MTO to manage incidents on all the highways in Ontario.

The CEO and President, Stuart Berkowitz founded Array Systems in 1981 while he was a Ph.D student at the University of Toronto. Additionally, Berkowitz has a BSc in Computer Science from Cornell, and a MS in Mathematics from the University of Illinois. Berkowitz has experience operating and selling Array Telecom Inc to Comdial in 1998, and VoiceGenie Technologies Inc to Alcatel in 2006.

ZTT Tokens

The ZeroTraffic platform is based on the use and ownership of ZTT tokens.

Investors with a minimum of 1250 ZTT become a “Deputy Mayor” and can buy a specific district they are able to advise the ZeroTraffic team on the congested regions.

Image from TrafficZero Whitepaper

Investors can specify the center of a circle of any size greater than ½ km radius, with the smallest circles costing 1250 ZTT (the coin which can be purchased using Ether). Investors are capable of selling the ZTT, or hold onto them to get a district dividend of up to 4% based on territory size. In a post on Reddit, the team stated that after 5 years they may even offer a buyback option at the market price.

This is interesting because it allows people to take specific ownership of improving traffic patterns in their communities; a direct incentive for the daily commuter.

The pricing for the ZTT ICO is tiered based on weeks away from the end date, with the first week price at around 250 ZTT/ETH, with the price increasing at around 26% per week and 3.6% raised ZTT in multiples of $4M.

Distribution

ZeroTraffic plans to offer up to 80,000,000 ZTT in the sale, with a total maximum token supply of 300,000,000 ZTT. The minimum ZTT offered in the sale is 4,000,000.

The fact that ZeroTraffic set a total maximum token supply is a favorable quality, but 300,000,000 is a fairly large maximum token supply.

The 80,000,000 ZTT offered in the sale add up to a lofty goal of about $91,200,000 based on the Ethereum price of around $285.

ZeroTraffic Progress

The ZeroTraffic team plans to roll out its project in 12 months in four separate phases:

From the Zero Traffic whitepaper:

  1. Implementation phase: will last 8 months. During this

Phase, the virtual transponder application and the gamified ZeroTraffic website will be implemented.

  1. Evaluation Phase: planned to be of 2 months duration. The readiness of the system for release to the public will be evaluated during the evaluation phase. Updates to the virtual transponder app and the gamified ZeroTraffic website will be made as needed.
  2. Production Roll-Out Phase: planned to be of 2 months duration. ZeroTraffic

will be rolled out over all territories over this period. Updates to the virtual transponder app and the gamified ZeroTraffic website will be made as needed.

  1. Operation Phase: ZeroTraffic: will be fully operational and supported across all territories. Data and results will be collected and analyzed. Improvements will be made to the virtual app and the website as necessary.

The Verdict

While I do believe that ZeroTraffic is tackling a substantial problem and potentially lucrative investment opportunity, it seems that the team really does have its work cut out for them. On the basis that the ZeroTraffic team can execute everything they are aiming to, they will do a great service to their investors, commuters, and society in general.

That being said, there are a few important things to note.

Risk

  • One of the greatest risks in my opinion is that the ZeroTraffic site and whitepaper constantly reference the importance of hitting 10% of commuters in order to achieve behavior modification. It seems that they’ve locked themselves into a “chicken and egg” problem, where initial users and investors won’t see the direct benefits other than a potentially beneficial change in their personal traffic patterns. Objectively, 10% is a very big chunk of the millions of cars on the road during rush hours. -2
  • People may be locked into their commuting schedules. There isn’t much ZeroTraffic can influence if many people need to go to work and leave at the traditional 9 to 5 time. -1
  • Lack of marketing experience on the team. While the ZeroTraffic team does have some significant firepower in building and innovating the project, I don’t see any substantial marketing force that could help them reach massive user adoption. -3
  • The history of the parent company is mainly linked with providing software solutions to government institutions, and the government adoption route can be an incredibly red-tape laced process, especially for a Toronto-based company trying to tackle traffic in some of the most densely populated cities in the United States. -3
  • The use of non-monetary incentives for commuters might be slightly on the idealistic side. The whitepaper claims that the gamification aspect of offering points, badges, levels, status, etc will be “addictive like computer games because we will seek to put users on a dopamine treadmill.” While this may be appealing to some users, ZeroTraffic needs user adoption on a much more massive scale and the preference for non-monetary rewards could be a bit overemphasized. -2

Growth Potential

  • I’ll be the first to say that I absolutely abhor traffic, and I’m far from being the only one. It’s an antiquated dinosaur approach to work commuting and is reflective of one of the biggest inefficiencies in society. It’s not only an issue limited to a handful of countries either. Traffic is a global nuisance. There has also been extremely limited efforts to change this by government agencies. We’ve gotten to the point that entrepreneurs such as Elon Musk are planning to dig underground tunnels just to minimize the problem in select cities. That’s why the growth potential for ZeroTraffic is huge. +3
  • Although the huge maximum token supply of 300,000,000 ZTT makes me a bit uneasy in terms of capital gains, I like the idea of a 4% annual dividend based on territory size. +3
  • If executed properly, the gamification aspect can be a gamechanger. ZeroTraffic essentially provides commuters an interesting incentive to travel at a different time, and it gives investors the opportunity to own a small district and take a small piece of responsibility for their community. +3
  • I’ve yet to see any schematics of the app, but from what I’ve read in the whitepaper it sounds like it’s going to be a very user-friendly “set and forget” sort of app. It also utilizes the fact that nearly everybody has a smartphone, and aims to modify user behaviors using this at an extremely cost effective rate. +2
  • It could save governments a ton of money. Building roads and using tolls is an extremely expensive and unpopular way to deal with the increase of traffic. The ZeroTraffic team also has experience in dealing with government institutions. +2

Disposition

We arrive at a +2 of 10 for ZeroTraffic. The concept, team, and massive traffic problem they are looking to tackle give ZeroTraffic a ton of positive points. However, at the other end of the spectrum, there are a lot of things that the team has to execute in order to achieve substantial success.

Investment Details

The ICO ends in 22 days. To see more details on the ongoing sale, go to https://www.zerotraffic.io/crowdsale.

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 14 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.




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  1. jagrmeister

    September 23, 2017 at 10:44 am

    A 6 is a seriously high score when it comes to Hacked; I’m not sure this ICO warrants it.

    >Investors with a minimum of 1250 ZTT become a “Deputy Mayor” and can buy a specific district they are able to advise the ZeroTraffic team on the congested regions.

    So you pay tokens just to be able to “advise” the company on busy regions? You pay to do work for them? This instance is just an example of the entire project’s inability to understand human nature and incentives. While it’s everyone’s goal to reduce traffic, it’s not clear how everyone contributes financially to make it happen; the logical path is to work with municipal governments and agencies but that is a long sales cycle and city planners have a lot on their plate besides business development with an app like this.

    People will not take alternative routes for virtual badges; at least not enough to reach critical mass described above.

    This whole project seems poorly thought out; more like an undergraduate student’s paper for an urban planning course, full of noble intention but lacking practical business sense.

  2. cryptonoob

    September 25, 2017 at 5:44 am

    Seriously 300M tokens and a 250 ZTT / ETH ratio is an enourmous deal breaker.
    And you give it a 6 ?

    • Alex Moskov

      September 26, 2017 at 10:50 am

      After further analyzing the scoring gradient, I updated the ZeroTraffic score to a +2, that should be a bit more accurate.

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ICO Analysis: DAOstack

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Despite the hype, there are not many fully functional decentralized applications yet. Developers are finding it extremely challenging to create the DAO framework needed to run all aspects of the DAPP. They don’t yet have all the tools necessary to organize the specifics of governance into smart contracts.

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A DAO, or Decentralized Autonomous Organization, is a network of peers that encode their protocols into the blockchain, and make collaborative decisions by voting through smart contracts.

The team at DAOstack is developing the tools and infrastructure needed to become the “sandbox” for all DAOs to operate from.

DAOstack will be a platform from which DAOs can build and create their own token on. The technology is very detailed and complicated. Josh Zemel (communication guy) did an excellent job of simplifying the stack here.

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ARC: The base layer of the stack, is a library of smart contracts on the Ethereum blockchain, each of which represents functional elements that can be mixed, matched and modified to create the complete governance protocol for any given DAO

The ArcHives: a set of shared registries designed to enhance interoperability among the DAOs and Dapps. Any new tool, all offers and requests, and any new DAO will all have their own registry.

Arc.js: a JavaScript library that allows devs to easily build apps on top of Arc without being familiar with Solidity or the blockchain. With Arc.js, any organization or industry has the option of creating a custom interface suitable for its own use cases. DAOstack envisions ultimately hundreds or thousands of such Dapps deployed on Arc.js.

Dapps Layer: This is where organization members will interact with the DAO through the Dapps.

Alchemy: The first App on the stack. It will be a tool to help DAOs budget and allocate resources. With Alchemy, anyone will be able to create a DAO in a few clicks and create an ERC20 crypto-token if desired. There’s also a prediction market function, that will help organizations prioritize important proposals. The future roadmap for Alchemy includes greater customizability, integration with other popular collaboration tools, mobile support, and bounty systems.

Holographic Consensus: A process where small groups can make decisions on behalf of the larger majority, in an incorrupt way. To avoid plutocracy in the DAOstack, the process will separate token ownership and voting power into two different currencies.

  • The token-a transferable token that is a form of monetary wealth, called GEN.
  • Voting power — it refers to as reputation. Reputation cannot be directly transferred from peer to peer, but rather is distributed by the passing of proposals, or by the adoption of protocols that result in reputation being transferred automatically. For example, there might be a protocol through which reputation is distributed for positively reviewed work.

Genesis DAO:  The first DAO created using the DAOstack. Its mission will be to advance the DAOstack project and ecosystem, and it will be investing in proposals, such as; a) The further build out of components of the DAO stack, including Arc and Arc.js. b) Support for/investments in collaborative applications (dApps) to be integrated into the DAO stack. c) Support for/investments in organizations built on the DAO stack.

Anyone can create proposals or stake GEN for or against the boosting of proposals. However, in order to be able to vote on proposals, some reputation within the Genesis DAO will be required.

“Eventually, the Genesis DAO will be responsible for allocating the majority of the funds expected to be generated by the GEN token sale. Funds will be transferred to the DAO gradually over time as it demonstrates increasing stability and security. The Genesis DAO will also eventually hold the ability to mint additional GEN tokens after the initial sale.”

Token

GEN is the native token of the DAOstack platform. Its main use is to vote on or promote proposals within the ecosystem. It will be distributed to contributors of value through the DAOstack framework itself, incentivizing development, promotion and adoption.

Paying for votes would be a plutocracy; therefore, you can’t buy voting power with GEN and you cant vote with it either. You can participate in a prediction market like system, where you stake for or against a proposal that influences whether or not it rises into the collective attention of the voters, the reputation holders. If you stake for proposals that the reputation holders pass, you get rewarded with more GEN. If you stake for a proposal that fails, you lose your GEN. And vice versa if you stake against proposals.

Other uses for GEN will come to fruition in the future as the stack evolves. GEN will be the primary currency for the build-out of the DAOstack ecosystem itself, with contributors to the platform rewarded in GEN, and investments into projects that are built on the stack tendered in GEN , according to the collective will of the Genesis DAO.

Below are the project vitals:

  • Total Supply: 100 million (60 million circulating 40 million mintable in the future)
  • Hard Cap: $30 million
  • Presale: 10% bonus May 1, 2018, at 4:00 am GMT
  • Public Sale: May 8, 2018, at 4:00 a.m. GMT https://daostack.io/

The distribution is as follows:

  • 40% crowdsale
  • 40% mintable in the future
  • 10% team/advisers
  • 10% future token sale

In terms of allocation, 33% ($10 million) will go to development, 68% goes to Genesis DAO, a decentralized fund in which anyone can create proposals, according to its governance protocol. Funds will be transferred to the Genesis DAO by the DAOstack non-profit gradually as it demonstrates stability and security. The Genesis DAO will serve to advance the DAOstack project and ecosystem and will be investing primarily in proposals related to:

  1. the extension of the components of the DAO stack
  2. collaborative applications (Dapps) and interfaces that will integrate with the DAO stack
  3. support for/investments in organizations built on the DAO stack

Team

After studying each of the 15 available team members’ LinkedIn accounts, they receive a better than average rank but nothing terrific. Here are a few highlights.

CEO Matan Field has a  PhD in physics and is leading expert in decentralized governance. He has given numerous interviews and two TED talks. You can listen to his most recent AMA here.

CTO Adam Levi has a  PhD in physics, as well as 22 years of programming experience. He was a teacher’s assistant at Technion, Israel Institute of Technology from 2013-2017.

In terms of marketing and communications, Josh Zemel is the guy. He designed and executed major growth initiatives for Equifax, Blue Cross Blue Shield and Toyota. He was also a VP at IMM, a digital agency.

COO Yehonatan Goldman’s profile is below:

 

Verdict

There is quite a bit of hype around this project. Their telegram is over 10,00 people deep, due to a “refer a friend” promotion they are running that pays GEM for referrals.

DAOs could be huge in the future as the use cases are endless. Dapps using DAOstack to run their own token sale on, as well as develop their voting protocols and infrastructure, is a beautiful idea.

Risks

  • This team is trying to build things that have never been built before. It seems like they may lack the talent to do this at the moment. There is no MVP currently available. -1
  • DAOstack is conducting a private sale, accepting advance token purchases in values of at least USD $100,000 in ETH equivalent. We are not sure how much bonus they get, as it is private. -1
  • The CEO, Matan Field, founded a project called backfeed, in 2015. Backfeed was almost the exact same project as DAOstack (only without the token), but it failed in early 2016. When asked about this, Mr. Field explained that he had taken too much on himself as at some point he was effectively the CEO, CTO, chief scientist and chief product. Besides, in his words, the project lacked focus overall. While this seems like a giant red flag, he’s right. It is a massive project to take on, and he does have a strong looking team now that he didn’t have back then. This is possibly a red flag. -1
  • Matan Field (CEO) and Oren Sokolowsky (lead dev) built an app back in 2014 called La-zooz. The app was a failure. The La-zooz website tried to do a token sale in January, 2017. This could be a huge red flag. -2

When I asked the Telegram mods about this, I was given a link to an April 5th lazooz tweet. Make of this what you will.

Growth Potential

  • The platform will include a friendly JavaScript developer environment, a modular smart contract framework and an intuitive user interface that even non-tech people can use. +1
  • The potential of DAOs are limitless. It could be that, within a few years, DAOs are everywhere. Thousands of DAOs could be on this platform. +4
  • The Genesis DAO will be responsible for allocating nearly 2/3 of the funds raised from the token sale. GEN holders will decide which projects on the DAOstack to support and which new DAPPS to fund to integrate with DAOstack. Also, in the future Genesis DAO will have the ability to mint the remaining 40% of the GEN tokens. +1
  • There are already three solid projects working on DAOstack. One can only imagine how many more there could be. Sapien is a social news network, Menlo is a platform for decentralized funding of blockchain projects, and Cultu.re is a worldwide P2P identity and contracts system to parallel those of nations and states. +2
  • It’s hard to imagine GEN holders and reputation owning voters don’t make proposals in the future for new DAOs that want to build on the stack to pay a fee or ship airdrops to Gen holders. +2.5

Disposition

Tons of potential with this one. 5.5/10 is our final score.

Investment Details

*There will be a minimum purchase requirement of 1 ETH for both the presale and the main token sale.

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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4.1 stars on average, based on 10 rated postsJoshua Larson is also known as the "Bullshit Man" for his ability to spot it a mile away. Avid ICO researcher and contributor. Former professional poker player/backer. Spent 10 years analyzing hand history, stats, and player data. Discovered blockchain in late 2016, and never looked back. He now uses his analysis skills to investigate ICOs full time. What a perfect match, because in today's crazy world of ICOs, information, passion, and diligence = dollar bills!




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ICO Analysis: HighIoT

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Fifth generation networks are just around the corner, and guess what? They’re all using IoT (Internet Of Things) as their basis.

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IoT, which started as a conceptual form for the networks of the future, is now more alive than ever and that is only the beginning. Future applications, blockchain-powered or not, are going to be integrated within various IoT networks in order to function, distribute data and even perform autonomous payments.

There are thousands of different use-cases where IoT plays a major role, affecting dramatically various industrial sectors, including but not limited to public transportation, housing, monetary and banking institutions, governmental organizations, informatics and telecommunications.

One of the most advanced sectors when it comes to IoT adoption is smart housing, with the number of smart homes expected to reach over 500 million households by 2020, according to Gartner Research.

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From smart TVs, lighting, kitchens and IoT washing machines to smart sensors that can detect and store data regarding temperature, air condition, oxygen pollution, humidity and more, smart homes will be able to act completely autonomously in the near future.

We can be sure about how IoT and smart housing would take over the global market, but there are things we are not ready to face, as IoT networks are not commercially as popular as the internet or electricity itself yet. Therefore, threats such as malware or other hacker attacks will have a high impact on the first systems running IoT networks and smart applications.

To address this issue, a blockchain-powered start-up called HighIoT is one step ahead, working on a security protocol specially tailored to protect IoT networks from external attackers. More specifically, HighIoT focuses on protecting the networks supporting smart homes, smart offices and smart cities.

HighIoT’s main product is Akita, a hardware and instant plug-in privacy device that is connected to a LAN port on the user’s router. Once Akita is connected to your home network, it scans for possible threats or malware and notifies the user. Akita is compatible with most IoT devices and applications and it has its own mobile app to control its services. The device has 0 impacts on your network’s internal and external connection speed.

One of the most interesting concepts surrounding Akita is its connectivity with HighIoT’s own blockchain-powered network, HighIoT Cloud, from where Akita could be modified and patched by the HighIoT team and HighIoT community developers in order to establish pre-designed connections, interference patterns and complex algorithmic communication between the IoT devices in your house.

For example, if you want your IoT washing machine to notify you at work when it’s done, you can ask the HighIoT community to patch your Akita device to be able to extract this intel from your smart washing machine and deliver it to your smart hand-held device.

At the same time, if your Akita devices discovers a problem within your network, you can browse HighIoT’s Database and purchase immediate solutions or even a community worker to help you with your issue.

Token

Like most blockchain-powered platforms, HighIoT uses its own utility token in order to perform transactions within their network.

HIT, HighIoT’s native currency, is an ERC-20 token that can be used to purchase intelligence, problem-solving solutions, guidance, technical support and other services through the HighIoT Network’s Cloud, an open source database where both the HighIoT team and community developers can participate with ideas and possible solutions to IoT networking problems.

At the same time, you can always swap your HITs for ETH or other major cryptocurrencies and seek an exit in fiat or any other altcoin.

The total token supply is set to 10,000,000,000 HIT. One HIT will be equal to $0.01 and the ICO caps are set to $5,000,000, and $100,000,000 respectively for soft and hard cap limits.

The 10 billion HIT tokens will be distributed as follows:

  • 25% Public ICO Sale
  • 48% Long-term development fund
  • 15% Team
  • 12% Advisors, Bounty, Referrals, Partners

Team

Eran Yarom (CEO & Co-Founder) has over a dozen years of experience in video security solutions for telecommunication companies and service providers.

Igor Rabinovich (CTO & Co-Founder) has more than 18 years of experience in software development and research and Development sector. He has a been also working on large scale systems for operators and C4I systems.

Raz Alon (cyber security adviser & Co-Founder) is an angel investor for more than 20 years on numerous different companies. He focuses on a variety of different sectors including information technology, enterprise software and online media industries among others.

Prof. Simon Litsyn (adviser), who researches on coding and information theory, completed his Ph.D. in Tel Aviv and right now is a cyber security technology specialist.

Other honorable mentions of the team include Igor Ryabenkiy (chairman & Co-Founder), who founded a significant number ofinvestment projects on Internet start-ups and IT companies, Ken Baylor (adviser), who is a recognized leader and cybersecurity specialist, Stas Oskin (adviser), a core developer and Itay Yanovski (adviser), a professional with many years of experience in various security settings.

Overall, the group looks very promising with specialists for every position and many people who have been in security industries for long enough to know the inside and outs of their business.

Verdict

We can be sure about IoT and 5g networks taking over the global tech industry in the near future, and that is obviously good for technological advancement, but we must consider possible security risks of this new, yet volatile, network.

HighIoT’s project is one of the first to apply distributed ledger technology to IoT, which means it can play a major role in what’s to come.

The same thing happened with bitcoin when people realized it could become the future of peer-to-peer transactions. Today we can be certain that IoT networks are not just a thing of the future, but a functioning protocol, already in action – HighIoT focuses on what’s after IoT and not on promoting IoT itself.

Risks

From an investor’s perspective, the following facts are important to consider when weighing HighIoT:

  • While IoT is a standard aspect of the future, it might take us some time before we have IoT networks spread across the world, covering every corner that has a power supply and internet connection. HighIoT will need even more time to be used on a commercial scale as it depends on the post IoT era. -1
  • The idea that HighIoT’s community can help you build your own personalized IoT network and applications is fascinating, but we should not forget that IoT data is still personal data, stored, distributed and used in many ways by the company behind the IoT software/hardware. Having your IoT data in a centralized database can create an identical profile of yourself based on your behavior, where the provider of the service could recognize and understand patterns of yourself, not even you do. –1.5
  • 10,000,000,000 token units is not your ordinary blockchain number. According to CoinMarketCap.com, there are only a couple of tokens using a 10 digit supply, with KIN having identically 10,000,000,000 as well. While KIN, Dentacoin and others’ price per unit is several digits below a single cent, HIT’s initial price per unit is set to $0.01 which is pretty expensive for a platform with such a big total supply. -3

Growth Opportunity

  • On the other hand, what HighIoT strives to achieve is quite interesting and definitely a well-thought project. IoT networks will need modern and special security protocols and HighIoT is already here to provide it. +3
  • HighIoT has the opportunity to possess one of the most professional teams in the scene with military, governmental and banking pre-history, all specialized in cyber security and cutting-edge networking. +3.5
  • Some of the most successful ICOs last year achieved their goals by having a physical product. First and second generation blockchain platforms would offer you literally “thin air” in exchange for your funds and while sometimes that would work just as fine as an investment, but in other cases, it could lead to what happened with BitConnect. HighIoT not only has a fancy project, but it’s actually functioning perfectly to help you build your own IoT network at home. +3
  • HighIoT was present before the blockchain hype as an New York start-up that raised almost $1 million on Kickstarter. HighIoT creates a global cyber security database using blockchain technology for a multi-billion IoT market that’s already “on the wheel”. +2.5

Disposition

The fact that HighIoT focuses on one specific sector of the upcoming fourth industrial revolution is a sign of professionalism and passion combined.

That of course, means that HighIoT is highly influenced by the IoT market in general, and it completely relies its products and services on the prosperity of that market.

HighIoT is one of the first 3D generation blockchain platforms that focus on altering physical reality as we know it, instead of focusing on short commercial profit.

A score of 6.5 out of 10 is reserved for HighIoT, based on present facts.

Investment Details

  • Type: Crowdsale
  • Symbol: HIT
  • Platform: Ethereum
  • Pre-Sale: To be announced
  • Public Sale: To be announced
  • Payments Accepted: ETH, BTC, USD, EUR (KYC Required)

A HighIoT representative stated to Hacked.com that the private/corporate sale is finishing soon and public pre-sale and main sale dates will be announced soon. 

You can follow HighIoT for updates below:

 Official Website

White Paper

Disclaimer: The writer has no position in HighIoT at the time of writing.

Featured image courtesy of Shutterstock. 

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

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ICO Analysis: Ambit Mining

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Chinese bitcoin mining

By 2017, cryptocurrencies reached their mainstream peak, where people like Alan Greenspan and Microsoft’s Bill Gates were talking about the possible value in this new digital asset class.

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The current state of blockchain technology has already proven itself more than just worthy, improving the lives of many people and legal entities in various ways. However, blockchain-powered platforms require an enormous amount of computing power to run smoothly.

One of the most important gears of the current blockchain-factory is the concept of “mining” cryptocurrencies, or in a nutshell, lending your computing power and resources in order to provide the blockchain the power it needs to perform the transactions set within the network, in exchange for a portion of the transaction.

While “mining” is necessary for most of the current blockchain systems, it is also a pain in the ass for various reasons, including

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  • Mining has extremely high-energy costs
  • The noise and heat generated by the machinery could be really disturbing
  • Requires a lot of physical space
  • Requires expensive hi-tech ventilation/air-conditioning systems
  • Requires 24/7 personnel to monitor the plant

That is why, over time, mining ended up being extremely difficult and concentrated in a few hands. Most mining companies disappeared or merged with similar companies and those who take mining seriously even started to move to countries with low taxes and low electricity fees.

For some countries, mining feels are very low. Take Georgia, for example, where the average rental price per a square meter is not more than a couple dollars. The price per KWh is not more than $0.05, in opposition to the average European KWh price that is currently around $0.20.

Ambit Mining is a Georgian-based start-up that has been taking advantage of these features for some time now. The company operates its own mining plant, powered by major industrial titans like Schneider Electrics, AMD, NVidia, Cisco and Kingston.

Ambit Mining is constantly evolving and are now launching their own ICO to power an ecosystem of investors and developers under the Ambit Mining roof.

The Georgian company not only is one of the most promising, according to their latest transparency release, but they have ties to governmental institutions in Georgia, understanding both local and international markets with a solid and modern business plan.

Unlike most mining plants with a business model, that rent you specific hash power, Ambit Mining gives you the opportunity to be part of the business model by releasing 85% of their total token supply to the public.

Ambit Mining uses both ASICs and GPUs to diversify risks. They have a modern plant and they keep expanding. Ambit Mining unites mining, cloud, and hosting services into one decentralized platform, guided by the community shareholders.

The company is part of the economic free zone of Tbilisi, capital of Georgia and they have an interesting and transparent history when it comes to mining. Their latest project achieved 100% ROI in just five months.

Token

The AMBT token is Ambit Mining ecosystem’s native currency. It can be used to purchase mining contracts, computing power, or even cloud space. Each token has a value that can be translated as a vote on significant community events and updates.

At the same time, naturally, you can swap your AMBT for ETH, or any other major cryptocurrency and find shelter in fiat or other altcoins.

The total token supply is set to 104,000,000 AMBT, 85% of which (88,000,000) will be accessible during the public sales.

Ambit Mining, unlike most ICOs, will require only 3% to be reserved for the company, while 9% is distributed to team and advisers, and the final 3% will be given to bounty participants.

The starting price of an AMBT token is approximately set around $0.5 per unit, which is ultra cheap, if you consider that projects with a similar total supply cost between $10 and $200 at the moment, with Ethereum (~99 million total supply) being the most expensive per unit at $585 US dollars.

Team

Beka Vashakidze (Founder & CEO) is the CEO of BF group holding Company operating on mining in Georgia. He is involved in numerous different industries including Fintech, Digital Media, oil and gas among others.

Giorgi Inashvili (Chief Operational Officer) is behind numerous projects around marketing, sales, and logistics areas. He is talented in business planning and project management.

George Khmaladze (Chief Financial Officer) is currently a professor and lecturer at Georgian Technical University. He is an important figure in Georgia, having served director and chairman in various organizations in his country.

In the board of advisers, we can find Karan Khemani, CEO of Spectre, Miguel Palencia, Chief Information Officer at Qtum Foundation and Andri Matiukhin, Chief Technical Director at Hacken among others.

Overall, the Ambit team consists of professionals with years of experience in the mining scene. A big portion of the initial team is native Georgian, acknowledging the benefits of the grounds they live in.

Verdict

Mining is a crucial part of most blockchain-based technology companies. The more companies adopting distributed ledger technology, the more mining will be required. Ambit offers its services as a solution to this problem, with specified facilities and reduced mining costs.

Indeed, Ambit has favorable synergies that could be very beneficial for someone looking at mining seriously. Within its years of operation, Ambit has managed already to create a 1 MW diversified mining facility in Tbilisi where it’s based. This facility has managed to achieve 100% ROI in five months.

This indicates that the operation is up and running, proving it can grow, provided that the terminals are put into place and running. Having the whole of the investment concentrated on one spot means that the service team will be able to respond very fast in case something goes wrong.

Ambit plans to grow its operation to 20 MW through this project, having mining enthusiasts on their side and the support of the high-end technology manufacturers affiliated with the company.

While mining is very important for most blockchain-platforms, there is a new wave of decentralized distributed ledgers that have a pre-established number of tokens, pre-mined and they use variations of the PoW protocol, eliminating the need for miners.

Risks

From an investor’s perspective, the following facts are important to consider when weighing Ambit Mining:

  • While Georgia may be friendly to mining at the moment, it still is a very expensive and energy-consuming “sport” that might be changed or even faded away in the future. -1.5
  • Mining nowadays is not as easy and profiting as it was during the “golden” days of the blockchain. Major mining companies have already established plants that work for years, having a standard client database. Ambit Mining will have to work hard to attract new investors into their network. Even with the lowest prices of the market, that is a challenge. -2
  • In general, mining facilities are extremely vulnerable to natural disasters, and that does not exclude Ambit Mining from the list. For an example, an earthquake can be devastating for the company itself as the whole operation is relying on a single geo-location. -1
  • Ambit Mining’s native token, AMBT, does not offer anything out of the box, as there are infinite options already doing what AMBT is created to do. -2.5

Growth Opportunity

  • On the other hand, if considered seriously and programmed with technical craftsmanship, mining can be still one of the most profiting sub-sectors of blockchain technology. Ambit Mining seems to understand the specific market well with a series of transparency reports backing this fact. +2.5
  • Finding cheap operational fees in the sector is not a walk in the park. Whether Ambit Mining has chosen Georgia as their base due to the fact that it is their home country or the fact that it has cheap taxes, and electricity fees, it is one of their best key points for the moment. +3
  • Unlike most mining plants that are “decentrally centralized,” keeping almost half of the total token supply for the company, Ambit Mining is in position to share 85% of the total token supply with the community. +4
  • $0.5 per AMBT or any other token with a logical total token supply is more than just fair and it could bring an easy x4 to x5 just after the token enters the mainstream markets. +2.5

Disposition

Ambit Mining could be a profitable model for ICO investors or even blockchain investors, but we should consider the fact that mining will have to eventually upscale its model into a less consuming, energy-efficient platform.

The company, as well as the team, look really promising and wise on the sector, although relying your whole business plan on a single country, on a single location could lead to unpleasant surprises in the future.

A score of 5 out of 10 is reserved for Ambit Mining, based on present facts.

Investment Details

  • Type: Crowdsale
  • Symbol: AMBT
  • Platform: Ethereum
  • Pre-Sale: Apr. 20, 2018
  • Public Sale: May 10, 2018
  • Payments Accepted: ETH, BTC (KYC Required)

 Official Website

White Paper

Disclaimer: The writer has no position in Ambit Mining at the time of writing.

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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