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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.

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.

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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4.6 stars on average, based on 18 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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3 Comments

3 Comments

  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: MOBU

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There’s a lot of buzz around security token offerings (STOs), and for good reason. There’s an $80 trillion securities market that has barely been touched by blockchain. Uncertainty and discrepancy in regulations have stifled the market up to this point. But it’s just a matter of time before the world is swimming in STOs.

This new project, MOBU, wants to provide a platform for launching compliant security tokens. This platform will “incorporate the ability to select experienced legal counsel across multiple jurisdictions within the platform, token issuers can be sure they can create compliant tokens customed to their local jurisdictions.”

From the whitepaper:

“MOBU is a decentralized blockchain based organized ICO platform for launching compliant security tokens. Real businesses such as property development companies, gold mines, retail companies and many more will be able to launch security tokens on the MOBU platform. MOBU connects approved entrepreneurs and investors by cutting out middlemen.”

Some core features of the platform:

  • MOB20 Protocol that defines a set of commands for security tokens to implement.
  • Supports Reg S, D, and A+ compliant security token offerings.
  • Vetted tender process for: legal providers, smart contract developers, escrow providers, KYC providers, etc.
  • A new standard called, Know Your Supplier (KYS), for complete due diligence compliance for all service providers using the platform.
  • A rating system for service providers which will create a free marketplace for investors.
  • A network of authorization centers for KYC/AML compliance.

This is only a taste of what MOBU plans to offer; check out the whitepaper here for more details.

Token

MOBU is a utility token and is the key to smart contracts and the ecosystem. Found on  pages 15-18 of the whitepaper is all the different purposes of the token, including MOBU Referrals, “where companies or individuals referring ICO issuers onto MOBU will be rewarded in MOBU tokens which will be equivalent of one year’s revenue generated on the platform by the percentage of fees generated from the marketplace.” Additionally, “This amount will be paid in MOBU and locked-up over a 3-year period also ensuring an increase in demand and scarcity of MOBU.”

There is also what’s called a “lockup” utility: All the ICO service providers on the MOBU will stake a certain amount of MOBU tokens to receive the right to operate in the ecosystem. These tokens will be locked up for the full duration while the service provider remains and utilizes the MOBU ecosystem.

Distribution:

Team

Mostly from South Africa, 12 members of the management team are listed. As a whole, they seem good, but not great. Here are a few that stood out.

Juan Engelbrecht – Founder/CEO. Also founded Zaber (a large South Africa crypto farm) in 2015. He spent 2 years as Director at Khalifa Capital. Has been Director at Evolve Fund Managers since 2013.

Paul Pelser – CFO.  He spent 17 years as an accountant for PSP Pelsar Accountants. He has been the owner of Pregal Mining for the last seven years,

Paresh Masani – Blockchain/security engineer. He spent three years as Mobile Platform Exec Director at Goldman Sachs, London. Senior Director at Thomson Reuters and ETX Capital.

A total of 12 Advisors, and two are from Realstart.com, a custom software development company. At least six of them are ICO experts and three are blockchain enthusiasts.

Verdict

This is an extremely attractive project andnd it looks like the hype/demand for this token is there. They already raised $3 million in the pre-sale, and are asking for just $6.5 mill more in the public sale.

Being a front-runner in the cryptocurrency space has proven to be a beautiful thing. When we asked CEO Juan Engelbrecht, who is your nos 1 and 2 competitors, he named Securitize and Polymath. Polymath has a $75 million market cap.

Risks

  • Pretty much crickets in their GitHub. Twelve followers. -1
  • No MVP out yet. They provide this video of what the MVP will look like, though. -1
  •  Non-accredited investors from the US are banned from using the platform. This is the opposite of a risk but gets a minus nonetheless. -1 
  • Their Blockchain Engineer, Paresh Masani (Goldman Sachs and Barclays) is a stud. But the rest of the team and advisors seem pretty average. -1
  • At this point in time, no major exchange is going to list the security tokens birthed from MOBU. When asked about this in Telegram their CEO said, “LA token has a security token exchange division. Also, MOBU is securing equity stake in an operational stock exchange. GBAX and Tzero will also have security token exchanges available soon.” -0.8

Growth Potential

  • They already have a Chrome and Gold mining business signed up to tokenize through MOBU. +2
  • The $9 million hard cap leaves all kinds of room for gains.+3
  • 120 million tokens is all there will ever be; 100% of them will be sold in the ICO. +1
  • MOBU will develop a First Forex Percentage Allocation Money Management Account and will retain 20% of the authorized tokens to put back into the development of the MOBU Platform.+2
  • From the company: “MOBU token will be available on most exchanges such as Bancor but have already been approved by COINEXCHANGE, CRYPTOPIA, IDEX, GET BTC, HitBTC, LIVECOIN and YoBit.net.”+2
  • Although most of these reviewers have lost credibility over the last year, their strong scores prove the hype train around this project is real. +2

Disposition

We usually don’t cover ICOs post-pre-sale, but this one is an exception because it’s still an attractive deal. The pre-sale bonus was 25%, and if you are fortunate enough to get into this crowdsale the bonus will be 20-25% depending on how early you get in. After that, the sky is the limit for MOBU.  7.2/10

Investment Details

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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4.2 stars on average, based on 26 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

ICO Analysis: MFChain

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MFChain is in essence an entire digital economy with a vision towards creating an infrastructure within the blockchain community which is supportive of all cryptocurrencies. This ecosystem will enable seamless transactions and development to take place and facilitate an entire support network to grow around the future of the MFMainnet.

Beginning with a payments processing and rewards solution, the project will quickly expand with the launch of a variety of cross-chain features including a multi-currency ICO platform, and multi-language smart contract programming within the all encompassing ecosystem. This is ultimately focused on bringing the entire blockchain community of developers, merchants and consumers together in one central and flexible hub.

Empowering Rewards System

One of the major features of the platform which will be implemented initially is the unique rewards system. This will incentivize not only consumers, but also merchants with rebates of up to 1% available for both parties as well as the freedom and flexibility to accept multiple crypto currencies securely. All of which can be done through any Android or iOS powered mobile device which merchants can use as a POS system.

This will be the first of many innovative features to be launched within the ecosystem which will later incorporate attractive benefits for developers, ICO teams, and entrepreneurs alike.

Token

The native token of the platform will be the MFX token. This is an ERC223 token and will be the main token on the platform although the entire principle of the ecosystem is to allow freedom and acceptance of multiple currencies. MFX will be the token which is rebated to both merchants and consumers in the rewards program. This will essentially increase the flow of the token throughout all of the platform processes over time.

There will be a total maximum supply of 521,000,000 MFX tokens with an initial circulating supply of 306,000,000. 57% of the total tokens will be made available during the ICO period. The rest of the tokens will be allocated as follows:

  • Merchant Incentive Program: 15%
  • Developers & Advisors : 8%
  • Airdrops: 1%

A final 19% of tokens will be locked for future developments. These will be released in two blocks at times to be confirmed during Q2 of 2019 and 2020 respectively.

Developer and Advisor tokens will be subject to vesting and periodically released for a period of 12 months following the ICO.

The ERC233 MFX tokens will be converted to MFF tokens upon the mainnet release which is currently scheduled to occur in Q3 of 2019.

Team

Craig Neil (CEO)

He describes himself as a serial entrepreneur and has indeed headed up a variety of projects both in the blockchain sector, and also in finance and advertising. Neil also possesses an extensive engineering background having spent almost 5 years as a full stack engineer at Lenders Direct Capital prior to focusing on his own business endeavors.

Jayson Rellis (President)

Rellis is an ICO investor and strategist with a number of significant roles in other projects, such as his partner position at Komorebi Alliance. Prior to his passion for the blockchain, he headed up regional operations at Verizon Wireless where he was employed for more than a decade. He is also a contributing writer for HackerNoon.

Brian Rankin (VP of Banking Integration)

He has interests as an advisor or director for a number of other projects including SigFig, although his most captivating experience noted within the blockchain sector comes from his time as VP for client services at Ripple where he oversaw a number of banking related developments.

Advisors

The project have a total of five advisors currently on board. These members are covering a number of areas including marketing, PR, and technical matters. Among these is prolific project advisor Bogdan Fiedur, a blockchain expert whose skills are widely employed and who features on the ICOBench list of experts.

Partners

Partnerships are a vital aspect within the MFChain project, given the amount of integration with payment processors and networks which is required. The latest partnership which they have struck is with Zagg Protocol. This is in addition to existing partnerships with:

  • ShapeShift
  • Komorebi Alliance
  • DDEX
  • Chosen Payments
  • Loopring
  • Identity Mind
  • EduHash

These key partnerships ensure a progressive path for the project with more to be developed as the project continues to progress.

Verdict

Below is a breakdown of the risks and growth potential of MFChain.

Risks

  • The strong competition both within and outside the blockchain which exists in a variety of the markets MFChain is targeting is concerning. These include the likes of Dash, UTrust, and Stack. (-0.5)
  • The broad focus of the project into a number of markets may cause them to lose focus and also leaves them vulnerable as a new project in a variety of areas. (-0.5)
  • MFChain’s core team, whilst having diverse experiences, have nothing which stands out as highly suited to running this type of proposed multi-million dollar platform, with the exception of their VPs experience at Ripple. (-1)
  • Full release of the core teams vested tokens will be completed by Q2 of 2019 according to the whitepaper, with full mainnet launch not scheduled until Q3 of 2019. (-2)

Growth Potential

  • The global payments market alone is heading towards a $1 trillion value. This represents a huge market with almost unlimited potential for growth. (+2)
  • Moving toward a blockchain based and cashless society, we would expect to see a big migration toward blockchain based ecosystems such as MFChain. (+2)
  • The broad focus of the project is also positive in the sense of flexibility and scalability. Two very important factors among blockchain based projects. (+2)
  • The project have maintained a strong and steady following throughout all media channels. This is indicative of the potential and positive sentiment which the community feels toward MFChain. (+3)

Disposition

MFChain has harnessed the fundamental principles of blockchain to provide an ecosystem which is both rewarding and flexible throughout. As the community strives to find ways to promote everyday use of cryptocurrencies, the introduction of a system which can perform all of its functions in a cross-platform manner, is an exciting prospect.

Although the project team still have a lot of major steps to complete in order to bring MFChain to market, premium among these being to establish more key partnerships, the market is large enough and increasing constantly in size for them to position themselves strongly within if they can continue the current momentum.

MFChain receives a 5/10.

Investment Details

  • Type: ERC233
  • Symbol: MFX
  • Platform: Ethereum prior to Mainnet (2019 Q3)
  • Crowdsale: October 15th – December 15
  • Minimum Investment: 0.1ETH
  • Price: 1ETH = 8,500 MFX
  • Hard Cap: 33,000ETH or $17,000,000 equivalent
  • Payments Accepted: ETH
  • Restricted from Participating: USA

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: VAEON

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“VAEON is a decentralized protocol that enables individuals to control their personal data and benefit from its value. It also gives companies the opportunity to build new business models in an ecosystem free of any middlemen.”

Based on EOS, VAEON provides an independent and open protocol with built-in-governance. Its a lot like a DAO, but the team calls it a DAC (Decentralized Autonomous Consortium). The protocol clearly defines how personal data is structured, exchanged, or sold.

“VAEON allows every user to securely combine their profiles, personal data, professional credentials, and networks of contacts into one standardized source they can protect, share, or monetize as they wish”

According to the whitepaper, after concluding that data is indeed valuable, and companies are collecting as much of it as they can, VAEON has determined there to be three major problems with big data:

  1. Much of our personal data is in the hands of a few big companies
  2. Data silos that lack formatting standards make data hard to reuse
  3. Centrally-stored data is vulnerable to hacks and data breaches.

VAEON solves these problems with their decentralized ecosystem that will have both Data Providing Apps and Data Requesting Apps. The apps interact directly with the smart contract and act as a gateway between businesses and user data.

There is no trusted central authority within the ecosystem. The DAC will vote in an entity called the Protocol Administrator, whose job is to evolve, maintain and adapt the protocol in the future. The administrator is continuously elected by the community.

The VAEON Ecosystem includes three important stakeholders:

  1. Users of web services.
  2. App development companies that provide web services.
  3. Businesses that buy user data.

We just scratched the surface; for more specifics check out the whitepaper.

Token

VAEO is the protocol token that aligns all the shareholders’ interests. It gives the user full control over his/her data.

VAEO serves three main functions: medium of exchange, governance, and fraud prevention.

Much of the value of this token is on the governance end. Since VAEON is a true DAC, if successful, million-dollar companies that use the protocol will need to fight for control in the company by using nothing more than votes. According to the company, “The voting power is calculated by a time based staking function that converges against a fixed value. ”

Allocation:

  • 41% Public sale
  • 20% Protocol development
  • 13% Marketing
  • 8% Partner relations
  • 10% Team
  • 8% Advisors

Use of Funds:

  • 37% Development
  • 15% Operaations and Administration
  • 45% Marketing and Sales
  • 3% Legal

Team

There are seven management team members listed, most of them are from Germany.

Andreas Mikolajewski – CEO. Six  months as DLT Researcher for IOTA Foundation. Six years as Software Developer for SAP.

Volker Rofalski – CFO. Has loads of experience and is on the board of several publicly traded companies; Mutares AG, Intercard AG, Demecon AG.

Pedro Isaac Lopez Lopez – COO. A young gun, blockchain expert. Interned for Deutsche Bank. Operations Maneger for one year at Tracktics GmbH.

Florian Gauger – CTO. Currently a Software Engineer at Google. More than three years spent as a Software Engineer for SAP.

Six Advisors, two of them are from Instaffo, a recruiting platform with 41 employees on LinkedIn. The others are a CEO of Demekon Group, a managing partner at Iconiqlab, the CEO at Iconiqlab, and an International Marketing Specialist.

They have a couple of key partnerships already with Instaffo and IconiqLab.

Iconiq Lab is a decentralized venture capital group with a portfolio of startups including Unibright, Topl, Vlux, and Solidified.

Verdict

So far, the giant Block.one billion-dollar EOS VC fund has invested in three projects; Everipedia, High Fedility (VR), and now VAEON. This is a huge endorsement and gives VAEON instant legitimacy.

Risks

  • This is an experiment, so there will be lots of trial and error. -1
  •  Their community is not very big at all yet. Telegram has only 180 members. 170 Twitter followers. -2
  • Surely there will be lots of competition coming. Basic Attention Token (BAT) comes to mind. -1
  • Personal data may not be worth all that much at this point in time. The whitepaper explains how they used several different strategies to calculate the value of personal data. It turns out each individuals data may only be worth like $30/year. If this is true, many users are not going to care enough to participate. -1.5

Growth Potential

  • Backed by EOS VC, the billion-dollar EOS fund. +3
  • The whitepaper is professional. The team is very intelligent, which can be seen in this podcast called “Everything EOS #26+2
  • The roadmap is long. In Q4 of 2019 they plan to release the first dApp by Instaffo (recruiting platform), which they say will bring 30 million user profiles to the VAEON Ecosystem. +2
  • Prototype looks solid. +2
  • More bold claims on the roadmap. Huge if true. +3

Disposition

“Imagine a world where users are in full control of their data. A world in which their data is securely stored in a decentralized manner, and only they can decide if they share and monetize their data, to whom they send it, and at what price. A world in which users can change from one service provider to another without losing their entire history, data, or digital identity in the process. This is where the VAEON Protocol comes in.”

This has tremendous long term potential, definitely one to keep an eye on. The current problem is that it is lacking in hype, and the team is just now getting started on community building. Only 180 Telegram members so far. 6.5/10

Investment Details

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.

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4.2 stars on average, based on 26 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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