Do you need funding for your early-stage project? In short, Binance Labs Incubation Program is a 10-Week On-Site program designed to help top early-stage teams to deliver a product/service with a Product/Market fit. You should also take a look at this deep review of Binance. Their token is getting far more utility than just sale on fees. Binance is building the biggest crypto ecosystem around their prominent exchange. Be a part of it would really push you forward.
Dfinity is one of the most promising alternative to not just Golem but to the Ethereum and other smart contract platforms. If you are looking for a good explanation we highly recommend this podcast explaining its fundamentals.
Another serious bug in EOS
Every new software has some issues, but in the case of well-funded EOS, it is raising questions about the quality of whole architecture. Read more about the last bug here.
We have some great news! ICOindex team is proud to announce that we are launching a new version of our website.
We have redesigned the https://icoindex.com/ platform with our users in mind, simplifying navigation, building a responsive
layout for all platforms and providing more information on our products and services.
The new version of ICOindex should be more intuitive, easier to use and will allow better data collection and visualization.
We encourage everyone to visit and explore the site. If you miss something, have good ideas or want to give us feedback, send us a message to email@example.com, on FB page or Twitter @icoindex.
So what’s new?New logo
We redesigned our logo as part of the ongoing evolution of our brand.
The new logo expresses our focus on providing great analytical tools and services to crypto-asset investors and helping them throughout all market cycles. The new redesigned logo has more fresh and modern look and fits better our platform design.
Trending section, so you can see at the first glance what is worth your attention
Slice of selected ICOs directly on the homepage
Better optimization for mobile devices.
Extended information on ICO profiles
Each ICO profile page gets more information about Industry, Project type and Total funded amount. There are also new sections in Token Metrics. Now you can get info on Circulating supply and Total supply of tokens. Through the Similar section, you can explore other projects having same ProjectType, coming from the same Industry, or having the same Project status.
Added new feature – Filtering of ICOs
When browsing individual ICOs you can also use new extended filters:
a country in which the project is incorporated
ICO status – whether it is upcoming/ongoing/finished
start/end date of the sale
You can also filter ICOs by clicking on any of the tags which are on the ICO card on the listing page or the ICO profile at the top.
Video is now embedded.
All YouTube and Vimeo content now plays directly on the page without redirecting to other sites.
What is coming next?
In the near future, we have plans to implement additional real-time information such as:
actual ROI (+ a function to use it for filtering)
funding, with timeline, average funded amount and escrow/smart contract status
Twitter and Telegram followers overview
Alexa rating overview
User feedback widget
Extended ICO profile information
start/end date, soft/hard cap for all sales (private-sale, pre-sale, public-sale)
Minimum and maximum investments
Fund distribution between sales
Number of participants of public sales
At the moment, we are also building our data sourcing team to provide you the freshest information. If you want to help us let us know on firstname.lastname@example.org.
If you miss something, have good ideas or want to give us feedback, send us a message on FB page @icoindex or Twitter @icoindex or our Slack.
An interesting project that could find a lot of clients, but good sales force will be needed due to focus on enterprises
Reasonable hard cap
The token does not have a much unique use case and incentivization
Very small community and activity so far
Nobody with blockchain development experience in the team
Token use case: 2/5
Token Metrics: 2/4
Community and marketing: 1/5
Cognida delivers trusted blockchain solutions that address the increasingly complex information sharing challenges that enterprises face by allowing them to incorporate decentralized blockchain security features into their existing Infrastructure. Enterprises can leverage Cognida’s Service Network Interface to connect to trusted service networks where they can administer third-party cloud services from a single interface, enabling administrators to manage privacy, access, and security of their data on remote systems through a unified platform. As enterprises adopt new distributed technologies, the data landscape is evolving away from centralized services maintained behind corporate firewalls to a complex distributed landscape. This trend has corporate data scattered across devices and services outside the enterprises’ administrative control.
The Cognida Platform, which has been developed by Windmill Enterprise, solves these disconnects by enabling enterprises to benefit from the advantages of existing blockchain technology to address their growing security and privacy challenges. The Cognida Platform will be released to an open-source foundation at the launch of the Cognida Service Network.
It seems that the team is describing some kind of escrow or multisig service, but the way they describe it seems unnecessarily complicated and vague.
Michael Hathaway – Co-Founder, Technology and Managing Director
He worked with pioneers in electronic music and digital audio. After developing a line of affordable digital audio products at Lexicon (acquired by Harmon Industries), he transitioned to the networking sector.
He was a technical contributor during the early days of Ethernet and ATM network switches, culminating in developing the first gigabit capable Internet packet forwarding engine for a DARPA project while working at BBN. He was a founder and executive at the pioneering terabit Internet router startup, Ironbridge Networks, and CTO at network processor startup Agere (acquired by Lucent Micro).
he founded Information Xchange (IX) and developed the Tensor-Connect platform based on his architectural principles.
Bing Byington – Co-Founder, Strategy, and Operations Director
A serial entrepreneur creating businesses in the Mobile Wireless Digital Imaging, and Healthcare sectors.
He was a CEO and a principal of a consortium of seven Mobile/Cellular licenses in the US and two internationally and sold his business to George Soros and the predecessor companies to Verizon and AT&T Mobile.
He built industry leading digital imaging software for early generation digital cameras. The business was sold to Kodak.
Currently Executive Chairman of CareConnex, integrating patient data from hospital ICUs and emergency wards, beyond the hospital walls into EMRs, lowering re-admissions and supporting “aging in place.”
Frank Fernandez – Partner, Director of Finance
Has been managing and advising multi-billion dollar institutional private equity portfolios for more than 20 years.
he has been utilizing this experience to serve as an advisor to Blockchain projects such as Cognida, Hatch Crypto and Vault Wallet.
He founded Gateway Private Capital (“GPC”) in 2004 to advise large institutional investors and assist with the management of their private equity portfolios.
Since 2008, he also has served on the Investment Committee for Keystone National Group, a private equity and private credit fund manager with over $1 billion under management.
Previously was the founding member and Senior Portfolio Manager of the Alternative Investments Asset Class at the $100 billion Florida State Board of Administration. During his six years at the Board, he managed a private equity portfolio with over $6 billion.
MBA in finance from Tulane University’s Freeman School of Business and a BS in engineering from Tulane’s School of Engineering
His career includes roles as Senior Software Engineer, Technology Consultant, and Business Analyst for Commercial and Industrial Customers, System integrators, OEMs and Software Application Developers.
He was an early architect and platform developer and CTO at EnergyIX (now IXOT) where he co-architected the core software which enables Operational Technologies (OT), emerging Machine to Machine (M2M) and IoT technologies to share information and connectivity with Cloud and Enterprise applications while addressing security and data privacy challenges facing commercial and industrial customers.
Nick Etson – Enterprise Development and Integration and Software Architect
Experience in working in multiple sectors of business over the past ten years, most recently integrating API’s into multiple blockchains.
Beginning his career in the aerospace industry – systems administrator, network administrator, and software developer for Swales Aerospace.
During this time, he architected crucial enterprise infrastructure such as e-mail, HTTP, and DNS servers. His software related projects at Swales Aerospace ranged from developing accounting and task planning applications to niche subjects such as finite element analysis engineering software, 3D graphics programming and electrical engineering/embedded systems development for spacecraft ground support equipment.
Currently, he is a lead software developer for a start-up company focused on streamlining conferencing and collaboration solutions.
has been specializing in Software Development Project Teams since 1996 when JP set out to build teams that not only mastered the technical aspects of the Internet but also understood that aesthetics and usability were paramount.
BA in Communications from Trinity University
Over the past twenty years, he has lived in both New York and Austin, managing development teams for multiple local, regional, and national clients based in both markets.
His Linkedin profile does not mention a connection with the project
Professionally skilled team with interesting advisors
Allowing creation of simple dApps/smart contracts and other software applications even for non-programmers
Aim to achieve 10 mil.+ TPS through sharding without sharing the global state of the network
Reasonable token metrics compared to some other projects
Claim that their platform can build a totally bug-free software
Decreased security of the individual data due to sharding without sharing the global state
Token use case: 4/5
Token Metrics: 3/4
Community and marketing: 4/5
The Sparkster Decentralized Cloud facilitates the ‘decentralized execution of Smart Software’, an evolution on Smart Contracts, across a network of cell phones, notebooks, laptops or other personal devices held by our network of miners.
These miners are rewarded in SPARK tokens for contributing spare capacity on their personal devices to the Sparkster Decentralized Cloud.
The team envisions a future in which decentralized networks can be far cheaper than traditional cloud computing from the likes of Amazon®, Microsoft®, Google® and IBM®. Given that cloud providers pay for: rack space, cooling, dedicated hardware, networking infrastructure, backup power, and support personnel; personal devices have near zero marginal cost per operation relative to cloud providers.
Sajjad Daya – CEO
SVP Enterprise Technology at Syncoms USA – 3 years and 4 months – Syncoms is a global software development company, specifically focused on E-commerce webstore technology and SaaS ERP
Technical Support Engineer at Cisco – 2,5 years
CEO at Printerpix.com – 2 years and 3 months
CIO at Synchronized Communications (Syncoms) – 10 years
Sr. Development Manager at Syncoms India – 7 years and 3 months
Sr. Database Manager at Wipro Ltd. India – almost 5 years – Wipro is a leading provider of IT services in India and Middle East region. Part of Wipro Ltd, the $6.98 billion conglomerate and global leader in technology-enabled solutions,
Sr. Project Manager at Ankh Software – 3 years and 2 months – He was managing the team and building an ERP Software for a Manufacturing business with end-2-end solutions.
Director, Data Science at United States Department of Defense – 4 years and 3 months – Conducted a formal research and apply evaluation standards, descriptive statistics, and data management principles to translate complex data into meaningful content and present findings using verbal, written, and graphic communication, for Top Tier US Federal Governmental Institutions.
Pharmaceutical & Life Sciences Technology Manager at Accenture – 2 years and 10 months – Consulted for the Top Global Pharmaceutical & Life Sciences firms directly, including firms such as Pfizer and Fortune 50 Consumer Products Companies.
Engineering Manager, RF (LTE) at AT&T – 2 years and 3 months – Involved in Network optimization for LTE, 4G, and 3G
The team consists also of a marketing person and 16 software engineers.
The Sparkster Platform enables you to build software without writing any code, by simply dragging and dropping blocks that are in plain English.
The Sparkster Decentralized Cloud will facilitate the execution of Smart Software using the Sparkster No-Code Platform, in a decentralized fashion. A miner can install the Sparkster “mining” app on their cell phone that will provide user-generated Smart Software with a local “Sparkster Runtime Environment (SRE).” The SRE would localize the architecture necessary for the execution and decentralized coordination of functions, workflows etc.
Main characteristics of their product are:
Privacy – all data stored and accessed is deconstructed into transaction fragments, encrypted and disseminated across a network of nodes such that it cannot be of any meaningful value when viewed on a public ledger.
Security – any devices operating on the network and interacting with client data are hardened such that any form of tampering to access data, while it is being processed, prevents the device from accessing the network.
Performance – transaction latency must be comparable with traditional centralized cloud computing, but transaction throughput must exceed Tens of Millions of Transactions per Second.
Material Cost Savings – Cost savings must be sufficient to justify the efforts involved in redesigning software.
Architecture Transparent – Software designed in such environment must easily and automatically operate in a Decentralized environment, without requiring any knowledge or architectural design considerations for Decentralized environments by the software author.
Blockchain Agnostic – Users must have the freedom to build software that can interact with any existing blockchain of their choice – all in plain English. Today, we have existing integrations with Ethereum and IOTA, but others such as NEO, Cardano, and Stellar are on our roadmap.
True Decentralized Oracles – Integrate anything, whether it’s AI, IOT or your favorite API. Most importantly, integrate anything without any code – in plain English.
So far, the team has signed official partnerships with ARM® (one of the worlds largest computer chip designers) and Libelium® (an industrial sensor and gateway distributor).
The analysis of their current competition in the field:
To achieve scale, Sparkster will make its Platform free to use in a personal capacity. While this will be limited to a certain number of transactions per month, in a personal capacity, this limit can be lifted by referring other users. The use of our Platform in a commercial capacity will be subject to ongoing fees in the form of user licenses, transaction fees, device fees, storage fees etc.
Smart Contracts enable the platform to build, execute and adjudicate transactions that have financial consequences in the real world. They currently support two versions of Smart Contracts: Ethereum Smart Contracts and IOTA Smart Transactions via IOTA Flash Channels.
Given that clients desire to keep their company’s data private, they eliminate the necessity of maintaining Global State. This is significant because it allows to shard the Distributed Hash Tables by client groups. Most importantly, one shard never needs to have any awareness of any other shard. Although this may lead to higher centralization, or more probably, less security of the state of the individual shard, cause it will not be stored on as many nodes as it would be if each node would store the global state.
Technology layering of the network:
For consensus algorithm the team has chosen: The Federated Byzantine Agreement System (FBAS) proposed by the Stellar Network(Mazieres, 2016). It has proven to easily perform 1,000 transactions per second with a latency of just 2-5 seconds per confirmation.
Token use case
Companies wishing to run the software will pay for the execution of software on the Sparkster Decentralized Cloud in SPARK tokens. The tokens would then be issued to the “miners” for the use of their cell phone or desktop processing power. In addition, to Compute Nodes, Storage Nodes can join our network. These nodes would be responsible for decentralized data persistence (documents), and for maintaining a repository of the components designed by our community of users.
Miners, both Compute and Storage, stake tokens as collateral to ensure they operate honestly. Verification nodes validate transactions generated by Compute nodes and persisted by Storage nodes. If these verification nodes detect any illicit activity, they cease the stake advanced by these miners as a bounty for detecting illicit behavior.
When publishing to the platforms Marketplace, authors can opt to charge for the use of their contribution. While the author is free to choose the amount to charge, the payment will be made with Spark tokens.
1% of total token supply will be distributed to their own charitable organization: The Dreamers Foundation. The mission of this organization is to promote education and technological innovation amongst the world’s poorest people and to create technology that promotes their growth, independence and enhances their sense of self-determination.
10% of all tokens will be reserved to support the current and future team.
20% of all tokens will be reserved for shareholders of Sparkster as compensation for their investment over many years to build the Sparkster platform. Team and Initial Investor tokens will be vested for a period of 2 years.
2% of tokens will be retained to facilitate liquidity for an exchange listing.
67% of all tokens will eventually be sold via token sales in phases
More details about the token sale can be found in this blog post:
The roadmap shows mostly the past achievements and history of the project.
As for future goals, the Cloud should be operational before the end of 2018 and most important goals for 2019 are the integration with other blockchains and focusing on Enterprise customers.
Vesting periods on tokens allocated for the team and marketing purposes
Quite detailed roadmap
Very optimistic assumptions about the revenues of the platform in the future (360k USD per an hour – calculating with a usage of 10k transactions per second)
A strong competition which will most probably be only growing in the future
Not the best token metrics (the team keeps most of the tokens for various reasons)
Not very engaged community, numbers show that most of the community are “flippers”
Team members links to Linkedin profiles are not working.
Token use case: 2/5
Token Metrics: 2/4
Community and marketing: 2/5
Ether Universe provides cross-chain services to EOS, Ethereum, Bitcoin and other mainstream networks. Industry, commerce, real estate, finance and other organizations and corporations can also build their own blockchain platforms. Different industries can form their own alliance chains and enjoy the cross-chain services provided by Ether Universe. In the ecosystem of Ether Universe, the team encourages and support third-party developers to develop high-quality applications including: DApp, protocol, smart contract, etc. They also encourage third-party developers to join us to work on the cross-chain platform of Ether Universe and drive the landing of blockchain technology.
Many links for Linkedin profiles are not working or are linking to the official Linkedin profile of the ETU and not to individuals person profile.
Experienced in the distributed systems and data science
Former Software Engineer at Baidu
Gump Lee – Blockchain developer
(according to their website)
Ethereum and smart contract specialist
Former Data Scientist at Baidu M.S., CS at UESTC
Ether Universe applies the mixed technology of “notary scheme + sidechain/relays” to cross chains.
One of its important commercial functions is to allow the exchange of digital assets among different chains directly instead of through centralized digital currency exchanges. Similarly, more and more traditional industries may transform their productions into token and record them on the blockchain. Ether Universe will build a strong and competent infrastructure for blockchain networks. It shall provide a series of external services including flexible status channels and service APIs. Any applications based on Ethereum, EOS and etc. can make use of the service provided by Ether Universe and implement inter-blockchain information exchange functionalities. Be it a public blockchain, a private blockchain, an alliance blockchain, or an application based on a blockchain, it may integrate with Ether Universe seamlessly to allow high-speed and secure cross- chain connection and asset exchange at an extremely low cost.
ETU allows all accounts to use an exclusive, human-readable name as an index with the length between 2-32 characters. Account users can choose their own account names. ETU virtualizes ETH or other blockchain accounts and designates a key for each account. The users can use the keys to access subchain logic on different blockchains to exchange information.
Ether Universe is structured over the high-performance third-generation public blockchain which allows 10,000 transactions per second. Ether Universe adopts DpoS consensus mechanism and is equipped with 48 service node. Verification takes only 2-30 seconds which means a transaction can be completed within 30 seconds. ETUChain uses a light-weight Merkle proof (LCV), independent of the trust of other block producers to ensure a minimum expense for any block producers to sync with other blockchains.
ETUChain is the base chain of Ether Universe, a public blockchain based on EOI.IO whose cross-chain functions are developed over EOS. The performance of EOS chain allows ETUChain to provide data services with high throughput and processing capability and low latency. It also supports multiple functions of EOS including accounts, the certainty of applications, concurrent execution, Token model, resource usage and management, script, virtual machine and cross-chain communication.
ETUChain shares computing resources with EOS chain or other EOS side chains. ETUChain has its own committee, witnesses, and computing resources. The computing resource sharing mechanism of ETUChain allows providers of computing resource to share their resource with multiple chains.
Notaries, guarantors, and miners
Notaries and guarantors are introduced in ETU. At the early stages, there are only a very few miners to participate in the verification process which reduces the security of the entire system if verifications only depend on miners. Therefore, notaries will vote with the miners to decide the unlocking of tokens. Different notaries have a different weight which is decided by the system construction schedule and guarantors. The guarantors are a community with weight. They trust the security deposit to the notaries, elect notaries or groups to represent them in the voting.
ETU doesn’t want to use all the miners to vote and generate verification information even though it is a relatively secure plan, it dramatically increases system latency. Therefore, ETU will randomly choose a proportion of the miners from its system to vote. The proportion is dynamic. When the base number of miners is small, all miners will be chosen to vote while the base number is huge, only some will be chosen. All miners have reputation value which is linked with random seed to ensure miners with extremely low reputation value will never get to vote so that the system security is guaranteed.
The security is also strengthened by the 48 supernodes Ether Universe set up around the globe. Even under a hacker attack, as long as the majority of the nodes are functioning normally, the whole network would remain unaffected.
The Latency of the network
While communicating with EOS blockchains, the average time is around 45 seconds relying on the appointment interest proof and 21 miners. If miners on a certain chain don’t wait for the transaction confirmation, the transaction would be seen as accepted and then revoked which will affect the effectiveness of chain consensus. The time needed to communicate with other types of blockchains depend on the confirmation time of the notaries and miners. While communicating with EOS blockchains, the average time is around 45 seconds relying on the appointment interest proof and 21 miners. If miners on a certain chain don’t wait for the transaction confirmation, the transaction would be seen as accepted and then revoked which will affect the effectiveness of chain consensus. The time needed to communicate with other types of blockchains depend on the confirmation time of the notaries and miners
Token use case
Ether Universe consists of a base chain and subchains based on different blockchains. The base chain is the most essential part of the entire ecosystem which bears the interchange logic of the whole platform and records all exchanged information. The tokens generated from the base chain will be used to pay for the GAS cost for each cross-chain service. The subchains assist the base chain to make two-way anchoring towards other blockchains. Users play the role of consumers in the ecosystem. They purchase GAS using ETU tokens to get cross-chain services.
ETU bears the function of payment, circulation, and exchange on the platform. As both the need for inter-blockchain transactions and the number of platform users increases, plus the sustainable development of eco-economy, the need for ETU will also increase which could result in the rise of ETU value. ETU can be also used as a payment to purchase Ether Universe cross-chain cold wallet or third-party application services.
Ether Universe locks ETU position to motivate the users without short-term transaction needs and reduces circulation volume may also cause inflation.
In order to motivate all participants in Ether Universe ecosystem, promote a healthy development of the platform, Ether Universe releases 100 billion platform token ETU as the “fuel” of the ecosystem which can be used for payment in cross-chain transactions.
As seen above only 30% of the whole supply will be offered in pre-sale.
Ether Universe reserves 20% of its tokens as an eco-fund that will be used to incubate or support high-quality application in the ecosystem and motivate the top contributors.
25% of the tokens are used for operation and marketing of which 5% are used to motivate early stage community users. As for the remaining 20%, 50% of the total amount will be released every year and will be fully released in the fifth year.
15% of the tokens will be used as a reward for the core team. Ether Universe promises that no more than 10% of the entire proportion will be unlocked each season
Management Foundation: This part of the tokens will be used to motivate the excellent contributors in the ecosystem as well as maintain the daily management of the foundation.
A three-phase promotion strategy is adopted:
In Phase One, Ether Universe will reach cooperation with different subchains in order to reach the purpose of using their nodes to help verify transactions for Ether Universe.
Ether Universe will rely mainly on notaries and guarantors for transaction verification in Phase Two. Trust nodes accumulated in the previous stages can act as guarantors. In this phase, miners on various blockchain platforms start to join in the verification
In the third phase, miners, notaries, and guarantors will all participate in the verification with the purpose of guaranteeing the steady and iterative development of Ether Universe.
Jan 2018, complete the market research of cross-chain value transfer over EOS, Ethereum, and other main blockchains.
Jan 2018, completed technology research and confirmed system framework.
Jan 2018, the official launch of the project. Official website 1.0 went online.
Feb 2018, research is completed. Platform product format is confirmed. Mar 2018, complete overseas community construction. Reach more than 180K overseas community users.
Apr 2018, Angel round funding started. Apr 2018, initial cross-chain technology framework built on EOS test network.
Jun 2018, Funding started in countries where digital currency investment is illegitimate.
Jul 2018, ETU listing on one of the top 15 global digital currency exchanges.
23 Sep 2018, published first on-chain asset exchange platform. Sep 2018, set up supernodes.
Oct 2018, test subchain compatibility of EOS main chain.
Dec 2018, test cross-chain interaction between EOS and Ethereum network.
Feb 2019, release Beta 1.0 version. Open source code at Github.
Mar 2019, officially launch cross-chain API and relative documents.
Apr 2019, release Beta 1.0 cross-chain wallet.
May 2019, carry out multi-center cross-chain node network security protocol using independent nodes.
Jun 2019, test and optimize the main network.
Aug 2019, build Ether Universe eco platform and accept third-party developer.
Oct 2019, launch the first series of third-party applications.
Nov 2019, build developer communities and optimize the entire platform with developers.
Jan 2020, digital assets from traditional industries begin to integrate into Ether Universe.
The differences between the number of people who are following their social media and who are just following Telegram, lack of Discord or Slack channel and most importantly lack of any discussion on Reddit, shows that the community is just building hype and there is not really a strong engagement in the long-term success of the project. They also have no official blog. Also, most of the members on Telegram seem to have come just because of the airdrop, there is not that much activity in the channel compared to how many people are there.
On the website, they claim to have a lot of partnerships, but it is questionable which of those are real partnerships. For example, they claim to have a partnership with Yahoo Finance, but it seems that it only included that they wrote a small and unengaging article about them.
Exciting updates from Cardano team on their smart contract layer. You would execute smart contracts working on Ethereum also on Cardano blockchain. Interested how? Check their development update video.
Did we miss something? Feel free to add it for others in a comment, or contact us at email@example.com.
The team has strong experience in the positions that they hold in the project. There was a good opportunity to jump into the project with a discount because of the recent bad news, but the price quickly recovered. Liquidity is average and the initial supply distribution was not as fair as it could be compared with other projects. The revenue model is good but as for perspective for the future, they already have competition both on-chain and off-chain. What is unfortunate is that there is no MVP available yet. What we also see as negative for the long term is that the token is not providing any holding incentive or passive income, therefore the investors only bet on the success of the platform and that it will be used in the future by many participants.
The core team consists of 11 members and the project has 14 advisors.
JOHN MONARCH – Chief Executive Officer
CEO at Direct Outbound Services LLC for 6 and a half year – Direct Outbound is a leading BPO provider, specializing in Call Center and Fulfillment services. Handling thousands of customer service calls daily, and thousands of packages shipped daily
CEO at Connexus Inc. – for more than 6 years – A Direct Response Marketing launchpad. Connexus Inc develops full direct response offers for our clients from end to end, handling all services in-house.
Founder of Pure Rock Media Group – more than 6 years – manage talent and create digital campaigns for brands.
Co-Founder – now advisor of Professional Noisemakers – Professional Noisemakers is a PR/Branding agency specializing in “professional noisemaking.” Unlike traditional agencies, we do not just write press releases and hope for the best. In fact, we prefer not writing them at all. Instead, we create unique stories that appeal to the platforms we work with.
Board Member of Swedish-American Chamber Of Commerce – Los Angeles – more than 7 years
Founder, CEO of BDE Ventures – more than 13 years – A diversified advertising and marketing consultancy that offers guidance on acquiring users and traffic, generating sales, raising money, building start-ups.
Founder of Influencive – Influencive is an online publication that publishes unconventional business, motivational and entrepreneurial wisdom.
CEO of Capital Springboard – 2 years – a Singapore based largest peer-to-peer invoice financing platform which allows accredited investors to purchase short-term outstanding invoices, with the ability to realize annualized returns of 11-25%, during a 90-day investment window with low risk.
Board Advisor at Everoad, ex-Convargo – 2 years – a start-up LogiTech peer-to-peer marketplace app company based in France. The business matches customers with road freight shipments with transportation companies that have a capacity for utilization throughout France.
Chairman & Advisory Board Member at Innova Capital – 2 years – a private equity company with European wide portfolio of companies. He is chairman and board advisor to one of the held companies.
But since then it rose again to about 50% of the drop caused by the bad news.
It may be connected with the statement from the project: “The startup emphasized that it only sold its tokens to accredited investors, adding “that none of the purchasers of SHIPs in that initial sale are South Carolina citizens or businesses.” Further, the company claimed that “ShipChain is not aware that SHIPs were even offered in South Carolina or to any South Carolinian during the private sale.”
ShipChain chief executive John Monarch repeated these claims, telling CoinDesk that “ShipChain did not conduct a public sale, nor sell to South Carolina residents/businesses, and has no plans to in the foreseeable future.” “
We can also see a dropping volume currently but it is still not a very significant drop.
The security and scaling of the project are dependant on Ethereum and the success and evolving on Ethereum. Currently, it is not ready for a mass usage when it comes to scaling.
NvT ratio is not available, but currently, there is active transferring of the tokens, but it is very probably caused by the speculators.
The roadmap is ending on Q1 2020 when they want to start focusing on community open source projects are sponsored to accelerate app development on the ShipChain blockchain. Something on the roadmap will be most probably delayed or rescheduled due to the last news that hit this project badly. For example, they planned this to be finished on Q4 2019 – Relationships are established with government regulators to cement ShipChain as the favored tracking technology vendor. Due to the current problem they have with regulators, they should focus on this part of the roadmap as a priority.
On the negative side, there is no official link to their blog or Reddit on their website.
Their Medium blog https://medium.com/@shipchain has less than 100 followers and no content. Reddit https://www.reddit.com/r/shipchain/ has 1200 readers but it may be unofficial, most of the activity seems to be there recently because of the negative news.
On their Github https://github.com/shipchain there is only repository for the token and no activity at all. There is no community developers participating on this project right now.
When it comes to developers support there is also not much to say, their activity is focused mostly on social media, notably Twitter and Telegram.
From ICO they got budget of 30 mil. USD.
They already have some partners, notably Perdue Farms – the parent company of Perdue Foods and Perdue AgriBusiness, based in Salisbury, Maryland. Perdue Foods is a major chicken, turkey, and pork processing company in the United States. Perdue AgriBusiness ranks among the top United States grain companies. Annual sales exceed $6 billion. ShipChain and Perdue Farms will work on a pilot project to implement blockchain technology through key parts of Perdue Farms’ supply chain.
And also Direct Outbound Services LLC, is a full-service warehousing and fulfillment center headquartered in Greenville, SC. Direct Outbound has grown into several hundred thousand square feet of warehousing space, ships hundreds of thousands of e-commerce and retail packages per month, and assists numerous government agencies with their shipping and bulk mail needs.
The team described vaguely how they will use the funds from the ICO.
As for the revenue model.
ShipChain will employ a two-fold revenue model, focusing on both the Small and Mid-size Business market (SMB), as well as Enterprise platform development. This includes the following:
ShipChain Web – web platform will enable shippers to connect directly to carriers, without the traditional brokerage model. Fees will be a low percentage of the cost of shipping, and ShipChain will avoid having to hire typical telemarketing brokers, keeping the cost of selling at a minimum.
ShipChain Enterprise – custom sidechain solutions for large enterprises that need to utilize different data sources and information. ShipChain will do this as a development contractor, with all new sidechains still tying into the main blockchain.
So far there is no product out for the public to try. According to roadmap they should be already testing freight-tracking pilot program with Perdue Farms.
Liquidity and supply
Current daily volume is 32,40 BTC with a total market cap of 1971 BTC. This is not very big liquidity and a fairly small order in tens of thousands of dollars would clean a significant portion of the order book and cause a large slippage.
Only 45% of the tokens were offered to the public (including pre-sale).
12% seems a bit high portion for bounties and advisors.
Total supply is 500 mil. tokens, 170 657 181 are now in circulation.
A utility token that is used for on-platform purchases and incentivization of the participants. But no income incentive for holding or buying the token apart from speculation on price movement.
Are you working on your own dapp? Security experts from Nethemba wrote a great list of mistakes you should avoid in the process of coding your own smart contract. Be aware of these vulnerabilities!
You can also build your Ethereum dapp on ZeppelinOS which is finally live. ZeppelinOS is an operating system designed specifically for smart contracts. It provides an on-chain set of upgradeable standard libraries, and an incentive structure to continually upgrade and patch itself.