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ICO Update: Polkadot

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Polkadot’s crowdsale opened just six days ago, but has already generated a staggering $140 million. For investors who missed the boat, there’s still time to get in on the Dutch Auction.

Polkadot is a blockchain technology that its developers call a “heterogeneous multi-chain.” The goal of the project is to overcome the flaws plaguing present-day blockchain architectures (think: extensibility and scalability). The technology makes it easier for blockchains to facilitate accurate transactions that are both anonymous and valid. Essentially, it allows independent blockchains to exchange important information effortlessly.

We reviewed Polkadot’s dizzying whitepaper with keen interest to fully understand what the platform is and how it operates. The 21-page document is one of the most technical to grace the ICO market. This is actually a good thing, as it raises the standard for investors when they go to evaluate initial coin offerings.

Instead of offering an overly simplistic account of Polkadot, we let genius developer Dr. Gavin Wood do the talking. From Polkadot.io:

[Polkadot] consists of many parachains with potentially differing characteristics which can make it easier to achieve anonymity or formal verification. Transactions can be spread out across the chains, allowing many more to be processed in the same period of time. Polkadot ensures that each of these blockchains remains secure and that any dealings between them are faithfully executed. Specialised parachains called bridges can be created to link independent chains.

The blockchain community has known for some time there’s a strong need for cross-chain communication. Polkadot essentially provides a creative commons platform that will allow various blockchains to interact with each other (thank you for the explanation, Stephen Tual). Polkadot will enable these different chains to share value as well as data across existing or future parachains.

Perhaps mainstream investors didn’t see the point of Polkadot 11 months ago when the team released the whitepaper. The growth and widespread adoption of blockchain technology since has likely changed their mind. At least, that’s what we gather from the hugely successful capital raise.

Polkadot promises to deliver pooled security for all parachains, as well as communication between them. These are exchanged on every block, and also enable data and tokens to be delivered.

The Token

Polkadot is offering 5 million native DOT tokens via capped crowd sale. This means that the sale will close once a certain amount of ETH has been raised. Unlike other capped raises, the DOT cap is dynamic and changes over time. In other words, DOT prices start high and decrease over time. The speed at which the price declines is fast at first and then more slowly. Early adopters (i.e. in the first hour) received 15% bonus DOTs for their efforts.

The initial cap is set very high to make it virtually impossible for any one person or entity to buy all the tokens. The funds will go toward the development of a new protocol enabling cross-chain communication.

More than half of the 5 million DOT tokens are available. Check here for the latest update.

If you’re an investor, DOT serves three main purposes: governance over the network, operation and bonding. DOTs will carry out vital functions across the Polkadot network, enabling holders to participate in the operation of the system. This includes acting as validator, nominator or fisherman – terms that are described in the FAQ.

The Team

Gavin Wood is the brains behind DOT, but he also has a team of 30 developers with backgrounds in systems programming, cryptography and distributed systems. The development crew also consists of Parity Technologies, which created the most advanced Ethereum client and wallet application for developers.

Wood’s various teams are part of the WEB3 Foundation, a nonprofit organization that was set up to advance the field of decentralized web protocols via cryptography.

When it comes to blockchain expertise and experience, very few organizations come close to what Gavin Wood’s crew is doing. This explains why so many people support their grand vision.

Verdict

Backers of the Polkadot project have a lot to be excited about. That’s because they are investing in an idea, and are happy to see it through over the next two years until the token is released. However, this does not discount the real risks facing the project – risks that the developers have spelled out explicitly.

Risks

  • As the Polkadot team mentions in its FAQ, regulatory treatment of ICOs is uncertain. Governments have already shown hostility toward ICOs, and there’s no way to know for sure how DOTs will be classified from legal and regulatory perspectives. -2
  • Lack of liquidity is another risk that the founders have identified. The Polkadot team will not develop or support any infrastructure that allows for DOTs to be traded. As such, there may not be a secondary market for the token. -2
  • As a proof of concept, there’s a two-year lock-in period before. For some investors, this timetable might not work. -1
  • Unlike bitcoin, there is no upper limit on the total supply of DOTs. This means it is inflationary in nature. Although some crypto enthusiasts might write this off as a negative, the whole purpose of DOT is to encourage participation. In other words, the Polkadot token was designed specifically for this purpose. -1 

Growth Potential

  • Polkadot promises to develop a system that interconnects various chains, thus addressing the challenges of scalability and interoperability. Suffice it to say, this protocol would be a game changer if it succeeds. Think Ethereum big. +5
  • Wood’s team is crazy good, and his success with Ethereum and Parity could very well make Polkadot an important component of the digital currency market. +5
  • The Dutch Auction has proven to be a resounding success, with DOT already becoming one of the biggest ICOs of the year (and by extension, ever). Clearly, savvy investors are paying attention. +2

Disposition

With the benefit of hindsight, the author assigns Polkadot a score of 6 out of 10. Note that this score only applies to investors who are willing to donate two years of their time for a potentially large return.

To be perfectly honest, I am a believer in the project and can certainly justify a higher score. But the two-year lock-in period, combined with the vague economic value, forces the author to temper his expectations – at least for now.

That being said, investing in ideas can be a powerful thing, provided you don’t bet the farm. It’s difficult for any blockchain enthusiast not to love Dr Wood’s vision. Read below:

We envision a Web where our identity and our data is our own – safely secured from any central authority. Our aim is to reshape the existing internet structure into what we are calling Web3: a completely decentralized web.

Investment Details

  • Type: Dutch Auction Crowdsale
  • Pre-Sale: Ongoing
  • Opening Sale: Oct. 15, 2017
  • End Date; Oct. 28, 2017
  • Platform: Native
  • Token Release: Genesis Block (Q3 2019)
  • Total Supply: 5 million out of 10 million total allocated to Genesis
  • Payments Accepted: ETH

Featured image courtesy of Shutterstock. 

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

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4.6 stars on average, based on 553 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




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3 Comments

  1. virtualevil

    October 21, 2017 at 7:49 am

    *Gavin Wood, not David Wood.

    But good write up and measured review. I too am optimistic and evaluate this like any VC on the strength of the team behind it. It’s a shame there is a 2.5 ETH limit for small cap investors!

    • Sam Bourgi

      October 21, 2017 at 8:00 am

      I called him David twice, but fixed it only once. Thanks for pointing it out. I agree wholeheartedly. I wanted to give DOT a much higher score based on my view of the project. I think it has strong potential when you look at the group behind it, not to mention the hole that it fills.

      • virtualevil

        October 21, 2017 at 8:39 am

        It’s hard to imagine what the ecosystem might look like in 2019, but its probably safe to assume there will be a lot more blockchains and countless many dApps floating around. There is going to need to be some kind of glue to keep them all together. Parachains might be just that, and the fact that Polkadot will be guided by the vision behind Web3 I think means it will be very relevant.

        Can they pull it off? I don’t know, but having the former CTO of Ethereum running the show helps.

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ICO Analysis : Ankr Network

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The Ankr network aims to create a permissionless, efficient, scalable blockchain, which also has built-in capabilities for interacting with existing data solutions. Its consensus mechanism is called “Proof of useful work,” suggesting that the computing resources that provide the lock will be much more efficient than existing PoW schemes. Their new consensus protocol will allow them to engage in the Distributed Cloud Computing field. It is also notable to mention that they were one of the first to implement the Intel SGX trusted devices feature.

More about ANKR network’s technology can be viewed in my previous article.

In short, ANRK network wants to change the inefficiency of existing POW blockchains and transfer all that computing power onto useful tasks. Secondly, they would like to create oracle services that will allow smooth integration of real business to the blockchain. Finally, as all new blockchains, they would like to improve the scalability of their blockchain through the introduction of plasma chain features. What I liked most is they do not aim to achieve superior numbers like 1m TPS, but only seek to implement features that would be necessary for their business.

The roadmap is rather short at this point. The project has already released their MVP and is preparing itself for the testnet launch in September of this year.

Token

The total toke  supply is 10 billion ANKR tokens. The use of proceeds is listed below:

  • Team and advisors – 20% – lockup of 7 months and vesting up to 3 years
  • Marketing -5%
  • Private pre-sale – 30%
  • Public sale – 5%
  • Mining and community – 40%

Akr provides the following use cases for its tokens:

  1. It will serve as a payment instrument on the blockchain
  2. It will serve as a mining reward for renting computing power
  3. It will serve as a community reward incentive

Team

The team is young and talented and is a part of UC Berkley Blockchain student group.

Chandler Song, Co-founder & CEO. He has diverse experience in different international companies like Didi (college intern for three months), SAP (4 months), Amazon as a software intern (4 months), and as CTO of CitySpade for five months (currently has 29 employees on LinkedIn).

Stanley Wu, Co-founder & CTO. He has strong technical skills and more than ten years of experience working for Amazon with a focus on large-scale cloud services.

Ryan Fang, Co-founder & COO.  He had some experience with credit organizations like Credit Suisse, Morgan Stanley, China Renaissance and State Street.

Song Liu, Chief Security Engineer. Principal Engineer at Gigamon for just over two years, Senior Staff Engineer at Palo Alto Networks for two years, Network Security Expert. He has skills in TCP/IP/SSL firewall coding, C, and C++ programming, and large-scale distributed computing systems.

Advisors

Christel Quek, Marketing Advisor — Based out of Singapore, advisor to Zilliqa and Switcheo Network, Founder of BOLT.

JZ Zhang, Technology Advisor — Distinguished Architect at Yahoo (over four years), Principal Engineer at Cisco (1 year), Microsoft (over three years), Blackberry and AT&T, Founder of PDX funded by Lenovo Capital. Member of Blockchain Research Group in National Internet Finance Association of China.

David P. Anderson, Technical advisor – American research scientist at the Space Sciences Laboratory at the University of California, Berkeley, and an Adjunct Professor of Computer Science at the University of Houston.

Investors and partners

The ANKR investors list is pretty impressive. Some of the more prominent investors are:

  • NGC – investment fund of NEO
  • Jlabs – blockchain division of Chinese private equity firm JD capital
  • DHVC – well know early stage investment firm from the Silicon Valley.

Verdict

Ankr is an exciting project. It provides exciting product features, focused on adoption and has the backing of serious players in the blockchain space. However, theis filled with competition, and it is hard to understand who will take the main market share at this point.

Risks

  • Competition is rather fierce even in the blockchain space. We have projects like Golem, Sonm and upcoming projects like Hypernet and Perlin as well Dfinity and Oasis Labs. -2
  • Relatively inexperienced team. -1.5
  • A long-term roadmap is not there. -1.5
  • PoUW is a new concept, so the implementation may face some difficulties. -1
  • Token metrics and lockups of private sale round could be better. -2

Growth Potential

  • A talented and ambitious team from Berkley, backed by senior engineers and advisors.+1
  • Usage of SGX chips to tap into unused computing resources may substantially decrease adoption phase. +1
  • Innovative consensus protocol. +1
  • Focus on niche industries first (specialization is better than global broad spread focus). +1
  • Github repository has committed, especially on the plasma part. +1
  • Hard cap and metrics are on the good side. +2
  • Strong backers in terms of top investment firms in the crypto space. +2
  • Part of the public sale is done through the physical token distribution (akin to Mainframe). +1
  • MVP is present .+2
  • Although most funds are raised through the private sale, it is still pretty decentralized (most parties got 200 eth). +1
  • Hype is there (50,000 people on Telegram), and reviews are generally favorable. +2

Disposition

Ankr has a decent hard cap and will probably be listed on a major exchange due to its hype and partner level. This can lead to a potentially good return in the short term, although lock up of private sale participants could be better. 7 out of 10.

Investment Details

  • Type: Utility
  • Symbol: ANKR
  • Platform: Native
  • Crowdsale: Whitelist open
  • Minimum Investment: around 400 USD
  • Price: $0.0066
  • Hard Cap: 17.8 M
  • Payments Accepted: ETH
  • Restrictions Barred from Participating: Residents of U.S / Canada / China / South Korean /Barbados & other FATF countries like Ethiopia, Iraq, Serbia, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, Iran, North Korea are not able to participate

General details :

Website: https://www.ankr.network/

Telegram: https://t.me/ankrnetwork

White Paper: on the website

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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4.9 stars on average, based on 9 rated postsVladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.




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ICO Analysis: Metadium

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Although Facebook is one of the most successful that social networks ever existed, the year of 2018 did not start so well for them. The Cambridge Analytica data breach scandal had played a key role in that the CEO, Mark Zuckerberg, was even had been called to the court for a testimony. Its users’ data have been harvested by an app called thisisyourdigitallife and allegedly had used to build a software to influence voters. A rough estimation is that data belonging to 70 million users only from the US had been exploited, yet arguably this could be avoided if users had complete control over their personal data. No one else could share their data without their consent if they were stored in a decentralized system, so one of the biggest data breaches of the history would have been avoided.

As history shows this was not the first time that a data breach scandal has occurred in a centralized system and it is only rational to make a guess that it will not be the last time as well, which creates a need of an identification system such that users have control over their data, being able to choose what kind of data they share and when they share it.

Blockchain, being a highly secure technology, is likely to provide a solution in this area and Metadium, a decentralized identity platform, aims to be the standard solution for it with their product called Meta ID. This new kind of identity which is called “digital identity” will let users to have complete control over of where, when and how much of their personal data is shared. Without their consent no personal data shall leave the platform, thus making it (almost) impossible that data breaches like Cambridge Analytica can occur ever again.

Token

META is the native token which will be used for every action taking place on the Metadium blockchain. In order to prevent transaction overflows and avoid DDoS attacks any action will cost META and those collected tokens will be distributed to miners, thus incentivizing them to secure the network. The main usage of META token from a user’s perspective will be to attain attestation services. Their updating or linking their mundane identity which is defined in the whitepaper as a person’s identity backed by legal documents, will cost users tokens and attestation agencies will be rewarded by these tokens in the return of validating these users’ identities.

The initial total supply of META is 2 billion tokens with the following token distribution:

  1. 17% team and advisory
  2. 12% power to ecosystem
  3. 5% company reserve
  4. 5% token sale

1 billion META tokens, 50% of the initial total supply, were already sold for a total of 38,000 ETH in the private sale stage, averaging a price of 0.000038 ETH per token. As the crowdsale will be USD-pegged and the same rate will be available to crowdsale participants, these late-comers will have to pay much more in ETH due to a recent drop in ETH prices. No vesting period for institutional investors, unless they are advisors, exists, thus some selling pressure might be expected as only 2.5% of initial token supply is allocated for the crowdsale. A vesting period of 6-12 months for team and advisor tokens shall be implemented, though further details are not released yet.

The team is planning to use the token sale proceeds as follows.

  1. 10% legal and accounting
  2. 10% operational expenses
  3. 15% marketing
  4. 65% research and development

The crowdsale is expected to take place in early September and details on KYC and white-list procedures will be released shortly.

Team

CEO Justin Park – Before joining to Metadium, Park was a senior manager for Gobi Partners, a venture capital based in Kuala Lumpur, Malaysia. Prior to this position, he held the CEO position at Smilegate, a Korean game company, known mostly for their first-person shooter game ‘Crossfire’.

Co-founder Ryan Uhr – Uhr, a former chief engineer at Hyundai Electronics, has founded Coinplug, a Korea-based company providing blockchain services, in 2013. Among exchanges, prepaid cards and ATM’s, Coinplug has developed a blockchain identity verification platform, OpSign, implying that Uhr comes with great experience in decentralized identity verification platforms.

COO Richard Yun – Yun is the COO of Coinplug and a former senior financial analyst at Cisco.

The existence of many team members from Coinplug is definitely a good sign as this indicates the team’s overall experience in blockchain products.

Advisors

Bo Shen – Shen is a founding partner of FenBushi Capital, one of the biggest blockchain venture capital funds.

Roger Ver – Ver is an early Bitcoin adopter, a founding member of Bitcoin Foundation and Bitcoin.com’s current CEO.

Jack Liu – Liu is a co-founder of OKEx and is the current head of trading at Circle Asia Pacific.

All ten advisors Metadium has are quite important players in the blockchain space and can push a fast adoption phase for the project.

Partners

The only technological partner Metadium has is Coinplug. Coinplug holds the highest number of blockchain patents in Korea and the second highest in the world, which is overwhelmingly impressive. The team has previously worked on a decentralized identity product. As noted earlier in the analysis, many members from Coinplug also work in this project, bringing immense value, team synergy and experience.

Investors

Metadium is funded by eighteen institutional investors. Even though this number alone is quite striking; the existence of huge players such as 500 Startups, FBG Capital, Hashed, Smith + Crown and PreAngel in this list is just incredible.

Verdict

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

Risks

  • As the private sale was pegged to USD, ETH price has decreased immensely since the private sale took place, approximately from 880 $ to today’s 285$, unless we see a huge ETH run before the crowdsale, the crowdsale participants will have to pay much more ETH, (approximately 3x more ETH). Combined with no locking period for institutional investors, unless they are advisors, this might create great selling pressure before the project takes off. (-3)
  • Not all details on the crowdsale are made public yet. (-0.25)
  • Competition with already existing and upcoming projects. (-0.5)

Growth Potential

  • Really great team mostly formed by Coinplug members. (+4)
  • Backed by many important venture capital firms. (+2)
  • Metadium Blockchain Prototype, 1.0 & API is expected to be released in Q3 2018. This will most probably create buying pressure, or at least remove some selling pressure. In the case of the market’s finding itself in another bull run until then, Metadium might yield great returns. (+3)

Disposition

Metadium has a great team with lots of experience and aims to solve an important real-world problem. It is not unlikely that they beat their competitors by means both of adoption and the product. Metadium receives a 5.75/10.

Investment Details

  • Type: ERC20 – presumably utility
  • Symbol: META
  • Platform: Ethereum
  • Crowdsale: Early September
  • Minimum Investment: Unspecified
  • Price: $0.0325
  • Hard Cap: Unspecified
  • Payments Accepted: Unspecified
  • 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.

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ICO Analysis: Agate

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Agate is the world’s most comprehensive decentralized blockchain platform for instant payments. It connects physical stores, online merchants, users and developers to the crypto economy.  Imagine PayPal, but with all the neat new bells and whistles that blockchain, smart contracts and machine learning bring to the table, including a fiat backed platform stable coin called iFiat, which helps control volatility risks that usually come with crypto.

Agate plans to launch its Proof of Stake mainnet in Q1 2019.  There will be a heap of different elements to the Agate Ecosystem. Here are the highlights.

  • Token Generator: Allows users to create their own token through a user-friendly platform without having to write any code. Users will brand and market their products and services under Agate’s blockchain. The token generator will be fueled by AGT token, which will remain at the core of the platform.
  • AI Powered MultiCurrency Wallet: Their wallet is in development and can already store 5 cryptocurrencies. It will be fully launched by Q4 2018 at which time users will be able to store 17 different crypto-assets. The wallet will be integrated with an AI engine that uses machine learning software that has the ability to advise users with the best time to convert their crypto into iFiats to realize the highest possible gains.
  • Stable Cryptocurrency: This is a game-changing feature. Separate from AGT token, a stable coin pegged to the dollar, called iFiat, will be used to settle transactions in real-time. Each iFiat unit has a 1:1 ratio with the underlying currency unit, this facilitates a stable payment system ensuring merchants receive the full spendable value for their payments while eliminating volatility risk.
  • Trading Bot: Allows users to load multiple cryptocurrencies into the Agate ecosystem and then set multiple rules for the bot to execute trades when market conditions are met.
  • Merchant Facing Multiple Payment Gateway: Easy to install payment apps/plug-ins and an open source Agate Payment Gateway API will allow merchants and e-Commerce platforms to accept crypto as a mode of payment with no hassles.
  • Decentralized Exchange: Agate’s iFiat ecosystem will include a Decentralized Exchange (DEX) that will allow fast transactions on the network for merchants to convert their crypto into iFiats instantaneously. Further helping eliminate the volatility risk that comes with crypto.
  • Merchant POS Terminal and Merchant App: Enables brick and mortar stores access to Agate’s POS terminal. With the Agate Merchant App, merchants can receive payments in their own iBucket which facilitates easy bank transfers or the money can be loaded into their own cards for instant spending.
  • Crypto Debit Card: Agate Debit card. The goal is to partner with the worlds leading card providers to allow Agate debit to work at “over 30 million stores globally.”
  • White Label Provider: Agate Blockchain will provide the Agate API Suite, a white label solution that allows developers to build their own DApps or DAO on Agate’s strong and reliable network while improving the entire Cryptoeconomy.

Token

AGT token is separate from the above-described iFiat (stable) token.

The whitepaper lists several ways which AGT token will be used, including:

  • All Exchange orders between different currencies will cost 1 AGT token.
  • Any trade bot trades will cost 1 AGT at the point of execution.
  • To load card or request bank transfers, users will have to pay 1% fee in AGT tokens.
  • Agate token generator costs 50 AGT.
  • At some point, they will switch from Ethereum to their own mainnet. When this happens, AGT will become minable thru Proof of Stake, which will cost 50,000 AGT tokens to run a node.
  • AGT will be required to execute smart contracts.

Distribution:

  • 65% Crowdsale
  • 10% Team
  • 5% Advisors/Partners
  • 5% bounty/airdrop/referrals
  • 15% Reserved for the Agate Ecosystem

Allocation:

  • 40% Research and Development
  • 40% Marketing
  • 5% legal and compliance
  • 10% Operation and Admin
  • 5% Unforeseen Events

The team will lock up their tokens for one year. All unsold tokens will be burned.

Team

Based in Sydney, Australia, the site list 16 team members including tthree founders.

  1. Hamed Taghvaei-   A serial founder of tech companies, including Drone Online, Myservo, King ICO and Business and Demand Group PTY LTD.
  2. Hamid Ostad –  Impressive resume. Since 2016, he’s been the Solutions Architect at BPay Group, a successful Australian bill payment company. He has seven years of experience as tech lead at Creative Digital Technology and five years Dev Manager at Gpayments PTY.
  3. Ali Dorri – PhD candidate at UNSW studying blockchain. He seems to be a blockchain tech expert. No work history listed; his description says he’s worked with several successful blockchain projects already.

A few of the team members stand out.

Ehsan Jahandarpour – CMO. An influencer, he was ranked top 20 growth hacker in 2016 Forbes.

Ariya Chittasy – The website says he’s helped produce four startups over the last eight years, and twi of them are successful. Currently at  Engenesis Ventures, where he “is working with visionaries and innovators to create tech-based companies that serve the world ”

Odette Abrenica – UI/UX Designer. She also has the same role at Engenesis.

Jaemie Dela Pena – Product Design Lead for Agate and Engenesis.

Asi Asgher – Project lead, also works at Engenesis.

There are six advisors – they look decent. J Brenton Smith was the VP & GM Asia Pacific & Japan business of Dell Software Group.

Verdict

There’s plenty to love about the project including a few unique, possibly groundbreaking ideas. However, there is also plenty of risk. Debit cards for one. Countless blockchain projects have come out with their ICOs talking about how they will have a debit card which can be spent with different cryptos all around the world, yet all of them have flopped so far.

Risks

  • Their Telegram channel is for announcements only. It’s going to be hard to grow a community around the token if they can’t talk to each other easily. Also seems kind of shady to not allow possible contributors the ability to ask questions in real time. -1
  • The founders of Agate also recently founded an ICO launching business called King ICO. And most of the team is from a company called Engenesis which is a blockchain project incubator. This means there’s a possibility this team is not serious about making Agate, and are more into making millions of dollars doing ICOs. -1
  • Laws/Regulations. It’s going to be really hard to get the proper banking licenses required to fully run the Agate platform world wide. -2

Growth Potential

  • According to the roadmap. Q1 of 2019 is when they will be hoping to get their proper banking licenses. +1
  • The community seems to like this project, although some of the enthusiasm can be chalked up to their bounty/airdrop program. A large majority of ICO review websites give this project a 90+, or A ranking. And the Bitcointalk page is filled with enthusiastic supporters.+2
  • If this succeeds, the sky will be the limit. +1
  • Teams tokens will be locked up for 1 year. +1
  • 50,000 AGT must be staked in the future to run a POS node. +2
  • GitHub is active and there are several beta demos of diff aspects of the platform. +1.5
  • Several backers. +2

Disposition

High risk/ high reward. If they build everything they talk about in the whitepaper, and then get the proper banking licenses, this could moon. +6.5/10

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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4.1 stars on average, based on 23 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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