All posts by CryptoPortfolio

ICO Review of BLOCKv ($VEE) Smart Virtual Goods on Blockchain

I was watching d10e conference videos when I stumbled upon the BLOCKv project. It caught my attention immediately when I saw what they were offering. First of all, their product is a great idea and it seems like they practically integrated this idea into working application. Second of all, virtual goods market is becoming more prominent each year, so it is really great that they found out how to connect advertising market to this growing sphere. Finally, I tested their application and saw some demo videos on their YouTube channel and was amazed with the quality and possible mass adoption due to cool features.

I will try to show you why I think BLOCKv will be possibly one of the most interesting projects in 2017. There is 100% certainty that after trying out what they offer you will also be interested in the future of this project. Developers compare their application for blockchain to what browser was for internet. Or Apple Appstore for mobile applications. Yes, it sounds like another blockchain “UBER” but at least they have done some homework before attracting investors’ money (They have been developing their project for 2 years).

BLOCKv consists of specialist with a background in developing massively scalable transactional systems for consumer and enterprise markets .

This startup cares a lot about complying with the SEC. That’s why they work with MME — Zurich company specializing in consulting firms in legal, tax, and compliance sphere. It helps Blockv to stay compliant in the most dangerous environment for ICOs .

The project also cooperates with Element — a first full-service investment bank for the digital token capital markets. These partnerships will help them to expand faster in the global virtual market and achieve their goals.
Let’s now see what their platform is all about.

One of the most important business activities for BLOCKv will be the construction of bridge between advertisers and consumers with the help of digitalized virtual goods. As an example, you will be able to open application, point camera to billboard, and get a unique digital good that can be exchanged for a bottle of coca-cola. To be honest, I would be able to tolerate some forms of advertisement in case I could get something material in real life or important in digital form.

The platform can use Bitcoin, Ethereum, and EOS blockchains, but it has created some unique blockchain concepts that lead BLOCKv to create its own ecosystem.

2vAtom digital objects and V (VEE: ERC20 token standard) tokens will form the basis of BLOCKv platform where smart contracts will be used. In order to create and use vAtom tokens ,organizations and people will have to spend VEE tokens.

In BLOCKv, Digital objects are an interface protocol of upgrading a simple container or smart contract to emotionally satisfying multimedia experience.

BLOCKv is a platform which augments blockchains with revenue-generating consumer-facing experiences. Let’s explore where this project will be used.

Collectibles. Different digital esports cards, rare digital art, any digital creation that is scarce. Also, I was amazed with the demo that they showed on their YouTube channel. It showed how, while browsing on the internet on mobile phone, you get to see unique advertisement that is a key from popular multiplayer game Overwatch. Guess what? You can use this key to open a crate and get unique digital items. As I previously mentioned, I really like this project.

Coupons. Redeemable smart objects with 3D visual representation. It can be functional and have dynamic incentive structure. In the demo they showed how they scanned the advertisement and got the digital object, bottle of coke. Guess what? You can exchange this digital object for real bottle of coke! It is cool.

Gift cards. Well, digitalized amazon and ebay gift cards. It is simply very useful. Also, maybe some advertisement will give you $5 worth of gift card. Quite interesting idea to boost sales.

Medical. Well, this is very complicated, but BLOCKv founders are planning to conquer medical sphere too with the HIIPA-compliant communication. I do not think that they will be able to enter this market in the near term with all complications they will face.

Gaming. One of the most lucrative spheres. Founders want to create virtual goods market but they understand that it will take a lot of effort to connect to gaming companies and sign necessary agreements. I think that game developers will be under siege by startups in the near term.

BLOCKv enters the virtual goods and advertising market. This is going to be the combination of two, but I am sure that this will work just fine. Advertisers are always looking for new ways of getting their products advertised.

BLOCKv will compete with the different blockchain projects that are connected to virtual goods market. Recently, there was a wave of ICOs that were concentrated on virtual goods and loyalty programs. Enjin Coin, SGR, Decentraland, and others. Still, BLOCKv has advantage in terms of quality and approach (it tries to capture many virtual goods market spheres).

Total virtual goods market will triple until 2020. Quite significant change.

Developers, consumers, and cyclers(miners) will all use V tokens for different needs. In order to do anything in the network, you will need tokens.

VEE tokens (main currency of BLOCKv ecosystem) will grow with the number of users. Standard scenario for utility token.

Due to the volatile crypto price, crowdsale terms are tied to USD. Early contributors will get a discount for the purchase of V tokens.

Pre-sale from Sep-18 till Oct-10 2017; sale from Oct-19 2017. pre-sale and sale are hardcapped to 20 $mln each

60% of tokens sold go to investors. In reality, this number is close to 35% but I guess everything depends on how well they sold during presale. 40% of overall supply go to founders and reserves.

30% of tokens will be allocated to product development, 25% to marketing & community building, 20% to infrastructure and systems, 25% to general corporate purposes.

In order to buy tokens, contributors need to go through KYC process

ICO Review of BLOCKv ($VEE) Smart Virtual Goods on Blockchain

I was watching d10e conference videos when I stumbled upon the BLOCKv project. It caught my attention immediately when I saw what they were offering. First of all, their product is a great idea and it seems like they practically integrated this idea into working application. Second of all, virtual goods market is becoming more prominent each year, so it is really great that they found out how to connect advertising market to this growing sphere. Finally, I tested their application and saw some demo videos on their YouTube channel and was amazed with the quality and possible mass adoption due to cool features.

I will try to show you why I think BLOCKv will be possibly one of the most interesting projects in 2017. There is 100% certainty that after trying out what they offer you will also be interested in the future of this project. Developers compare their application for blockchain to what browser was for internet. Or Apple Appstore for mobile applications. Yes, it sounds like another blockchain “UBER” but at least they have done some homework before attracting investors’ money (They have been developing their project for 2 years).

BLOCKv consists of specialist with a background in developing massively scalable transactional systems for consumer and enterprise markets .

This startup cares a lot about complying with the SEC. That’s why they work with MME — Zurich company specializing in consulting firms in legal, tax, and compliance sphere. It helps Blockv to stay compliant in the most dangerous environment for ICOs .

The project also cooperates with Element — a first full-service investment bank for the digital token capital markets. These partnerships will help them to expand faster in the global virtual market and achieve their goals.
Let’s now see what their platform is all about.

One of the most important business activities for BLOCKv will be the construction of bridge between advertisers and consumers with the help of digitalized virtual goods. As an example, you will be able to open application, point camera to billboard, and get a unique digital good that can be exchanged for a bottle of coca-cola. To be honest, I would be able to tolerate some forms of advertisement in case I could get something material in real life or important in digital form.

The platform can use Bitcoin, Ethereum, and EOS blockchains, but it has created some unique blockchain concepts that lead BLOCKv to create its own ecosystem.

2vAtom digital objects and V (VEE: ERC20 token standard) tokens will form the basis of BLOCKv platform where smart contracts will be used. In order to create and use vAtom tokens ,organizations and people will have to spend VEE tokens.

In BLOCKv, Digital objects are an interface protocol of upgrading a simple container or smart contract to emotionally satisfying multimedia experience.

BLOCKv is a platform which augments blockchains with revenue-generating consumer-facing experiences. Let’s explore where this project will be used.

Collectibles. Different digital esports cards, rare digital art, any digital creation that is scarce. Also, I was amazed with the demo that they showed on their YouTube channel. It showed how, while browsing on the internet on mobile phone, you get to see unique advertisement that is a key from popular multiplayer game Overwatch. Guess what? You can use this key to open a crate and get unique digital items. As I previously mentioned, I really like this project.

Coupons. Redeemable smart objects with 3D visual representation. It can be functional and have dynamic incentive structure. In the demo they showed how they scanned the advertisement and got the digital object, bottle of coke. Guess what? You can exchange this digital object for real bottle of coke! It is cool.

Gift cards. Well, digitalized amazon and ebay gift cards. It is simply very useful. Also, maybe some advertisement will give you $5 worth of gift card. Quite interesting idea to boost sales.

Medical. Well, this is very complicated, but BLOCKv founders are planning to conquer medical sphere too with the HIIPA-compliant communication. I do not think that they will be able to enter this market in the near term with all complications they will face.

Gaming. One of the most lucrative spheres. Founders want to create virtual goods market but they understand that it will take a lot of effort to connect to gaming companies and sign necessary agreements. I think that game developers will be under siege by startups in the near term.

BLOCKv enters the virtual goods and advertising market. This is going to be the combination of two, but I am sure that this will work just fine. Advertisers are always looking for new ways of getting their products advertised.

BLOCKv will compete with the different blockchain projects that are connected to virtual goods market. Recently, there was a wave of ICOs that were concentrated on virtual goods and loyalty programs. Enjin Coin, SGR, Decentraland, and others. Still, BLOCKv has advantage in terms of quality and approach (it tries to capture many virtual goods market spheres).

Total virtual goods market will triple until 2020. Quite significant change.

Developers, consumers, and cyclers(miners) will all use V tokens for different needs. In order to do anything in the network, you will need tokens.

VEE tokens (main currency of BLOCKv ecosystem) will grow with the number of users. Standard scenario for utility token.

Due to the volatile crypto price, crowdsale terms are tied to USD. Early contributors will get a discount for the purchase of V tokens.

Pre-sale from Sep-18 till Oct-10 2017; sale from Oct-19 2017. pre-sale and sale are hardcapped to 20 $mln each

60% of tokens sold go to investors. In reality, this number is close to 35% but I guess everything depends on how well they sold during presale. 40% of overall supply go to founders and reserves.

30% of tokens will be allocated to product development, 25% to marketing & community building, 20% to infrastructure and systems, 25% to general corporate purposes.

In order to buy tokens, contributors need to go through KYC process

FLIXXO Review ($FLIXX) Decentralized YouTube

Almost every person in the world nowadays enjoys video content from video sharing services. And it doesn’t matter where you get it from. It can be either Netflix or Amazon, even now you are watching my video content on YouTube. It is amazing how quickly we transferred our audiovisual needs to the internet. And during this period of time, something happened to this part of our lives unnoticed. It is centralization of video sharing services. Now YouTube is, de facto, the only platform for content creators to somehow monetize their content, where the platform is the intermediary between advertisers, creators, and viewers. YouTube is owned by Google. This corporation is able to do anything and users do not have much say in the future of the video sharing service. Did I mention that YouTube and Google are well-known for censoring political activists and disabling monetization on famous YouTube channels?

Where does it lead to? This whole situation creates a very strong demand for the video sharing service which is controlled by its users. Users of the network are the ones which should make decisions about the future of the platform, where they earn money, watch videos, and put advertisements. FLIXXO is the project that wants to become this video sharing service. Whether it will succeed or not, depends entirely on the community of this project and the team. Now, let’s check out the main ideas and other interesting stuff about this coming ICO.

The Flixxo team has deep experience in blockchain tech, video streaming services, and software development. The team has ex-employees of Rootstock (the project which aimed at creating smart contracts for Bitcoin), the creators of popular bittorrent video streaming service Popcorn Time, and entrepreneurs with software companies which have more than 100 employees. The project is partnered with WINGS, Stremio, CoinFabrik, Popcorn Time, and other organizations. You should definitely check out the team on the flixxo website.

Flixxo will create decentralized video distribution network, where users will be the owners and beneficiaries of their content. This is not the first blockchain-based video sharing startup and we will discuss it later in the “Market” section.

Flixxo project aims to solve the problems of video distribution centralization by connecting p2p payments (which is cryptocurrency) with p2p content distribution (which is bittorrent technology).

Project is tapping into the market of video distribution networks. It can be Netflix, Amazon, HBO, Russian streaming service IVI.ru, well, you name it.

The users of Flixxo platform will be incentivized to create, seed, and advertise video content. In order to incentivize all parties of the platform, the developers will use FLIXX tokens. Seeders will be rewarded with FLIXX (which can be converted to other cryptocurrencies at will), content creators will be able to sell their content directly to users at no cost (no commission for selling your video content), and viewers will be rewarded for watching advertisements with FLIXX tokens (which they can use to buy movie).

Flixxo eliminates intermediaries by letting advertisers, viewers, and content creators engage with each other directly. This way, there is no middle man, who takes a huge commission for letting transfers from one party to another.

Flixx tokens are native currency of ecosystem. They will be used to power the Flixxo platform. Here I want to mention that viewers will be much more incentivized to watch advertisements if they will get something from it. For example, Basic Attention Token is trying to make the same ecosystem, but currently the BAT team concentrates solely on the integration of BATs with the Brave browser.

Flixxo will use BitTorrent and Ethereum to build distributed video sharing service. Here I have some questions which should be addressed to the founders of the FLIXXO. Will the bittorrent technology be able to sustain the same loads Netflix ecosystem currently experiences? Should we make an interview with them, guys?

The project will create tools to filter inappropriate content and piracy. At the same time, they promise not to censor content for political reasons like YouTube currently does.

Flixxo wants to tap into the market of video sharing services like Netflix, Youtube and others. And here we shouldn’t forget about blockchain-based competition!

YouTube revenue reached $8.5bln in 2015. Recently, YouTube had some problems with advertisers, but, having monopolistic power, I do not think that advertisers will find equivalent platform. Flixxo wants to be a part of this market.

Main competitors of Flixxo are: LBRY, Popchest, STRIM. As far as I understand, LBRY is the only blockchain based video sharing service which had some kind of success, but the usage of this platform is not the most intuitive and comfortable. Still, competition is always good.

Flixxo will concentrate on attracting more viewers and content creators by sponsoring content at first stages. For example, sponsoring the appearance of the famous YouTube bloggers on its platform.

Flixxo will use experience of Popcorn time creators (100mln users) to grow rapidly. Having this kind of talent on the team is definite plus.

The appreciation of the Flixx tokens is directly connected with the increasing viewership and content creation. As any other blockchain platform, everything depends on the size of the network. The bigger, the more valuable it is.

Flixx investors/tokenholders will benefit by holding FLIXX tokens until the network attracts enough participants.

Actual usage and success of the platform will create strong demand of Flixx tokens.

Do not forget, Flixx is pure usability token, so there is not going to be any dividends or profit sharing mechanism. Do you know why? Because it is illegal to pay out dividends!

Crowdsale is going to start in 2 weeks and will last for 30 days. Relatively low amount of tokens will be distributed to investors.

10% of the FLIXX tokens will be distributed through the Presale stage.

Project will distribute 20% of its tokens to investors during crowdsale; FLIXX is ERC20 token.

FLIXX has fixed supply of 1bln tokens with no inflation.

Major amount of tokens will be held to finance the rapid growth of the ecosystem (50%). As far as I understand, these tokens will be used to finance first seeders, new content creators, and viewers. Also, the project wants to gamify the social interactions on the platform and it will use the incentives fund for this.

40% proceeds will be used in marketing & communication, 20% original content incentives, 20% platform development, 5% Legal, 5% covering expenses until reaching a sustainable model.

Advantages of the FLIXXO project are:

· Team has deep experience in video sharing services. The co-founder, Federico Abad is the creator of Popcorn time. I hope that his experience will majorly help the project in expanding the network

· Market really needs disintermediated video sharing service

· Substantial cost advantage if the technologies will turn out to be practical

· Alpha version of the product

Disadvantages of the FLIXXO project are:

· Competition with NetFlix, Youtube, and other blockchain based video sharing services. And I cannot stress enough how hard it will be to compete in this market.

· Piracy and inappropriate content problems. I see that the moderation aspect can be very limited in this kind of decentralized ecosystem, so I can only hope that the founders will find the best solution for this problem.

· Technological problems with Bittorrent and Ethereum. As a user of Ethereum and BitTorrent I see that the technologies can sometimes really limit the flight of engineer’s thought. Let’s hope that everything works out fine in this sphere

FLIXXO Review ($FLIXX) Decentralized YouTube

Almost every person in the world nowadays enjoys video content from video sharing services. And it doesn’t matter where you get it from. It can be either Netflix or Amazon, even now you are watching my video content on YouTube. It is amazing how quickly we transferred our audiovisual needs to the internet. And during this period of time, something happened to this part of our lives unnoticed. It is centralization of video sharing services. Now YouTube is, de facto, the only platform for content creators to somehow monetize their content, where the platform is the intermediary between advertisers, creators, and viewers. YouTube is owned by Google. This corporation is able to do anything and users do not have much say in the future of the video sharing service. Did I mention that YouTube and Google are well-known for censoring political activists and disabling monetization on famous YouTube channels?

Where does it lead to? This whole situation creates a very strong demand for the video sharing service which is controlled by its users. Users of the network are the ones which should make decisions about the future of the platform, where they earn money, watch videos, and put advertisements. FLIXXO is the project that wants to become this video sharing service. Whether it will succeed or not, depends entirely on the community of this project and the team. Now, let’s check out the main ideas and other interesting stuff about this coming ICO.

The Flixxo team has deep experience in blockchain tech, video streaming services, and software development. The team has ex-employees of Rootstock (the project which aimed at creating smart contracts for Bitcoin), the creators of popular bittorrent video streaming service Popcorn Time, and entrepreneurs with software companies which have more than 100 employees. The project is partnered with WINGS, Stremio, CoinFabrik, Popcorn Time, and other organizations. You should definitely check out the team on the flixxo website.

Flixxo will create decentralized video distribution network, where users will be the owners and beneficiaries of their content. This is not the first blockchain-based video sharing startup and we will discuss it later in the “Market” section.

Flixxo project aims to solve the problems of video distribution centralization by connecting p2p payments (which is cryptocurrency) with p2p content distribution (which is bittorrent technology).

Project is tapping into the market of video distribution networks. It can be Netflix, Amazon, HBO, Russian streaming service IVI.ru, well, you name it.

The users of Flixxo platform will be incentivized to create, seed, and advertise video content. In order to incentivize all parties of the platform, the developers will use FLIXX tokens. Seeders will be rewarded with FLIXX (which can be converted to other cryptocurrencies at will), content creators will be able to sell their content directly to users at no cost (no commission for selling your video content), and viewers will be rewarded for watching advertisements with FLIXX tokens (which they can use to buy movie).

Flixxo eliminates intermediaries by letting advertisers, viewers, and content creators engage with each other directly. This way, there is no middle man, who takes a huge commission for letting transfers from one party to another.

Flixx tokens are native currency of ecosystem. They will be used to power the Flixxo platform. Here I want to mention that viewers will be much more incentivized to watch advertisements if they will get something from it. For example, Basic Attention Token is trying to make the same ecosystem, but currently the BAT team concentrates solely on the integration of BATs with the Brave browser.

Flixxo will use BitTorrent and Ethereum to build distributed video sharing service. Here I have some questions which should be addressed to the founders of the FLIXXO. Will the bittorrent technology be able to sustain the same loads Netflix ecosystem currently experiences? Should we make an interview with them, guys?

The project will create tools to filter inappropriate content and piracy. At the same time, they promise not to censor content for political reasons like YouTube currently does.

Flixxo wants to tap into the market of video sharing services like Netflix, Youtube and others. And here we shouldn’t forget about blockchain-based competition!

YouTube revenue reached $8.5bln in 2015. Recently, YouTube had some problems with advertisers, but, having monopolistic power, I do not think that advertisers will find equivalent platform. Flixxo wants to be a part of this market.

Main competitors of Flixxo are: LBRY, Popchest, STRIM. As far as I understand, LBRY is the only blockchain based video sharing service which had some kind of success, but the usage of this platform is not the most intuitive and comfortable. Still, competition is always good.

Flixxo will concentrate on attracting more viewers and content creators by sponsoring content at first stages. For example, sponsoring the appearance of the famous YouTube bloggers on its platform.

Flixxo will use experience of Popcorn time creators (100mln users) to grow rapidly. Having this kind of talent on the team is definite plus.

The appreciation of the Flixx tokens is directly connected with the increasing viewership and content creation. As any other blockchain platform, everything depends on the size of the network. The bigger, the more valuable it is.

Flixx investors/tokenholders will benefit by holding FLIXX tokens until the network attracts enough participants.

Actual usage and success of the platform will create strong demand of Flixx tokens.

Do not forget, Flixx is pure usability token, so there is not going to be any dividends or profit sharing mechanism. Do you know why? Because it is illegal to pay out dividends!

Crowdsale is going to start in 2 weeks and will last for 30 days. Relatively low amount of tokens will be distributed to investors.

10% of the FLIXX tokens will be distributed through the Presale stage.

Project will distribute 20% of its tokens to investors during crowdsale; FLIXX is ERC20 token.

FLIXX has fixed supply of 1bln tokens with no inflation.

Major amount of tokens will be held to finance the rapid growth of the ecosystem (50%). As far as I understand, these tokens will be used to finance first seeders, new content creators, and viewers. Also, the project wants to gamify the social interactions on the platform and it will use the incentives fund for this.

40% proceeds will be used in marketing & communication, 20% original content incentives, 20% platform development, 5% Legal, 5% covering expenses until reaching a sustainable model.

Advantages of the FLIXXO project are:

· Team has deep experience in video sharing services. The co-founder, Federico Abad is the creator of Popcorn time. I hope that his experience will majorly help the project in expanding the network

· Market really needs disintermediated video sharing service

· Substantial cost advantage if the technologies will turn out to be practical

· Alpha version of the product

Disadvantages of the FLIXXO project are:

· Competition with NetFlix, Youtube, and other blockchain based video sharing services. And I cannot stress enough how hard it will be to compete in this market.

· Piracy and inappropriate content problems. I see that the moderation aspect can be very limited in this kind of decentralized ecosystem, so I can only hope that the founders will find the best solution for this problem.

· Technological problems with Bittorrent and Ethereum. As a user of Ethereum and BitTorrent I see that the technologies can sometimes really limit the flight of engineer’s thought. Let’s hope that everything works out fine in this sphere

ICO Review of DECENTRALAND (MANA tokens on Ethereum)

Want to start by saying that I have high expectations about Virtual Reality in the next 5 years. I am sure that sooner or later many jobs will be done from home, by using virtual reality headsets and other needed equipment. Also, there is absolutely new possibilities when we talk about entertainment. Using virtual reality headsets, you can immerse yourself into almost real world and you can do amazing things not leaving the comfort of your own home. I used the HTC Vive headset and I can tell you with 100% certainty that it will soon have huge impact on the entertainment industry. All those possibilities, man. But right now, there is one thing that stops VR from going mainstream. The main barriers of the VR industry are the following:

I. Resolution in VR headsets (even the most expensive headsets have those issues, you simply see pixels which crush the whole immersion process)

II. Price for high quality headsets ( but I think that the first problem is the most crucial one and is soon to be solved)

After VR headsets will become more comfortable, cheaper, and better we will experience Matrix-like situation when a lot of people will be lost to the artificial world of pleasures and sins. But that’s not the topic we will discuss here, let’s finally get to one of the hottest ICOs in August, Decentraland. The project is being done by famous blockchain entrepreneurs who are very enthusiastic about what they do.

I will not say much about the team except that they all certainly have enough experience to conduct ICO, the only problem I see here is the lack of experience in building games. The team has solid background. It consists of creators of Stremium, Proof of Existence, Bitcore, and OpenZeppelin (this company helps with smart contracts code).

The advisory board is strong and consists of Jake Brukhman, the founder of CoinFund, Wendell Davis, CCO at Golem, and Luis Cuende, CEO of Aragon.

District0x, Aragon, and Zeppelin Solutions are partners of this project.

Let’s have a general overview of Decentraland project.

Decentraland will create a virtual reality platform, where users will be the main owners, creators, and players. Basically, they create a Second Life-like world which will be decentralized and owned by users.

The project aims at solving centralization problems of platforms, which host gaming and other applications. As you know, different platforms ask for high fees to enter the market, they also have strict policies which don’t give a chance to many applications to enter the market. Decentraland wants to change this situation and invite everybody to their platform.

The market of VR will be a huge market with a lot of players. Many gaming companies will try to be the best at accommodating appearing VR customer base, and it gives a chance for Decentraland to cover this market early and be the best in it. I will cover the VR market volume on a different slide.

The whole concept is that this VR world is completely owned by users, and the content creation depends on users too. Of course, first of all the team will do their best to populate the world with interesting sites, events, and games. But the users are going to be the only creators at the end.

The team has already made a prototype. You can try it out simply by accessing an internet page of Decentraland and clicking on “Launch” button. Currently, the graphics are bad, textures are even worse, but it gives you some perspective on what they want to achieve in the end. Also, it shows that they are actually interested in creating something interesting, but they need funds to hire people with good gaming expertise and other professionals.

The main currency of the ecosystem will be MANA. There will be multiple ways to spend it inside the world, but the first thing you can do is to buy LAND parcel for 1000 MANA. This LAND inside Decentraland will belong only to you and you will be able to build whatever you want on it. Including casinos, social clubs, cinemas, and your little crib. The imagination is the limit. But we shouldn’t forget about technological limitations we will discuss later.

To make it operational, the project uses different decentralized technologies to achieve true decentralization. I’ll cover it on the Technology slide.

To make the working market inside the Decentraland, they will present you with different monetization methods.

The market.

Decentraland will tap into the Virtual Reality market, which has astonishing potential. And the projected volume of the market for the next 4 years is truly amazing. Let’s check this out.

Virtual Reality market is forecasted to grow from $5.2bln to $162bln from 2016–2020 according to IDC. Those are amazing numbers and I think that it is very possible that many forecasting agencies to fail at predicting. Maybe the next 3 years will show us even greater growth due to the appearance of new, cheap, and high-quality VR headsets. And maybe we need to wait 2–3 more years until the market actually gets needed equipment.

Right now, centralized game providers are the market leaders, and there is not much to add here.

Currently, Second life game is the main competitor with big audience and known brand. How long will this game stay market leader? Who knows.

Even though the market grows fast, it will be hard to compete with established market leaders, which will also want their share in VR market. And I am talking about giants like Facebook, Google, Activision Blizzard, and others.

The most important slide for investors.

The profit generation comes from appreciation of the MANA tokens due to the actual usage in the Decentraland VR world.

The more popular Decentraland VR world the bigger price of MANA tokens. Decentraland will have active marketplace where players will be able to exchange MANA tokens to digital assets inside this VR world.

MANA tokens will grow closer to important milestone dates. As you can see from this roadmap, the most important date Is 2018. That is when they plan to finalize their prototype for the market. I hope they will keep updating the VR world even after 2020.

Financially everything depends on whether Decentraland becomes successful. That’s pretty much it.

If digital goods inside Decentraland became valuable, it could positively impact the MANA token price. BTW, the project already made an agreement with districtox to trade its digital assets on this platform.

Exponential growth of VR sphere could also impact positively the price for MANA tokens

Also, there are more than 2 thousand members in Slack channel of Decentraland, more than 2 thousand on twitter, 2 500 on Facebook, and finally 170 subscribers on reddit.

Decentraland is built using multiple distributed technologies to reach true decentralization of its VR world. But…

Decentraland technology choices could potentially seriously impact performance side of their VR world. But appearance of new solutions could solve the problems. And I really hope that they will be able to deal with the performance issues. Also, I am a big fan of graphics in the game, so I hope that they will be able to eventually deliver on the most important parts of their VR world, which include a lot of factors. But let’s now take a look at technologies used in the project.

Consensus layer is powered by Ethereum, it manages a ledger of ownership.

Land content layer uses decentralized technologies to manage storage system to distribute content to render the world. As I understood, they want the best solution, but currently they use Torrent for this. Later they will switch to IPFS or Filecoin.

Real time layer is responsible for communication between players. They will use P2P solutions to make it work.

To make payment as convenient and fast as possible, they plan on using different scalable solutions like Raiden network,

And identity system is planned to be built on uPort, Consensys project.

Crowdsale favors early contributors and will provide them with a bonus during ICO. Majority of tokens will be held by Decentraland. Let’s expand on it.

· ICO starts on 17th of August, 8 P.M. EST.

· Project will distribute small % of its tokens to investors ( 40%), it is capped ICO at 20 mln USD

· Early investors will be rewarded with 40% bonus on the first day of ICO

· Later MANA tokens will be used to buy LAND during Iron Age period

· Decentraland ecosystem has 8% inflation (decreases each year)

· 50% proceeds will be used in development, 20% research, 15% Marketing, 10% operations, 5% Legal

That brings us to the final part of my presentation. Advantages and disadvantages.

First advantages.

· Team certainly has experience in blockchain technologies. They are able to deliver on that part.

· There is already a working prototype which can be tested by anyone. A new vision for VR.

· VR market is soon to become the most important one in entertainment industry, better catch this train!

Disadvantages.

· There is certainly lack of experience in gaming industry in the team. It is very important to have that kind of expertise, so I hope they will hire only the best in that area after the initial coin offering.

· There is no financial strategy shown. I would like to know how exactly they are going to spend money.

· Finally, decentralized technologies are not that developed right now to handle games. But, I can see that changing pretty soon. Good luck to the team, I believe in you and in VR market!

https://www.youtube.com/watch?v=j3ckylubGmk

ICO Review of DECENTRALAND (MANA tokens on Ethereum)

Want to start by saying that I have high expectations about Virtual Reality in the next 5 years. I am sure that sooner or later many jobs will be done from home, by using virtual reality headsets and other needed equipment. Also, there is absolutely new possibilities when we talk about entertainment. Using virtual reality headsets, you can immerse yourself into almost real world and you can do amazing things not leaving the comfort of your own home. I used the HTC Vive headset and I can tell you with 100% certainty that it will soon have huge impact on the entertainment industry. All those possibilities, man. But right now, there is one thing that stops VR from going mainstream. The main barriers of the VR industry are the following:

I. Resolution in VR headsets (even the most expensive headsets have those issues, you simply see pixels which crush the whole immersion process)

II. Price for high quality headsets ( but I think that the first problem is the most crucial one and is soon to be solved)

After VR headsets will become more comfortable, cheaper, and better we will experience Matrix-like situation when a lot of people will be lost to the artificial world of pleasures and sins. But that’s not the topic we will discuss here, let’s finally get to one of the hottest ICOs in August, Decentraland. The project is being done by famous blockchain entrepreneurs who are very enthusiastic about what they do.

I will not say much about the team except that they all certainly have enough experience to conduct ICO, the only problem I see here is the lack of experience in building games. The team has solid background. It consists of creators of Stremium, Proof of Existence, Bitcore, and OpenZeppelin (this company helps with smart contracts code).

The advisory board is strong and consists of Jake Brukhman, the founder of CoinFund, Wendell Davis, CCO at Golem, and Luis Cuende, CEO of Aragon.

District0x, Aragon, and Zeppelin Solutions are partners of this project.

Let’s have a general overview of Decentraland project.

Decentraland will create a virtual reality platform, where users will be the main owners, creators, and players. Basically, they create a Second Life-like world which will be decentralized and owned by users.

The project aims at solving centralization problems of platforms, which host gaming and other applications. As you know, different platforms ask for high fees to enter the market, they also have strict policies which don’t give a chance to many applications to enter the market. Decentraland wants to change this situation and invite everybody to their platform.

The market of VR will be a huge market with a lot of players. Many gaming companies will try to be the best at accommodating appearing VR customer base, and it gives a chance for Decentraland to cover this market early and be the best in it. I will cover the VR market volume on a different slide.

The whole concept is that this VR world is completely owned by users, and the content creation depends on users too. Of course, first of all the team will do their best to populate the world with interesting sites, events, and games. But the users are going to be the only creators at the end.

The team has already made a prototype. You can try it out simply by accessing an internet page of Decentraland and clicking on “Launch” button. Currently, the graphics are bad, textures are even worse, but it gives you some perspective on what they want to achieve in the end. Also, it shows that they are actually interested in creating something interesting, but they need funds to hire people with good gaming expertise and other professionals.

The main currency of the ecosystem will be MANA. There will be multiple ways to spend it inside the world, but the first thing you can do is to buy LAND parcel for 1000 MANA. This LAND inside Decentraland will belong only to you and you will be able to build whatever you want on it. Including casinos, social clubs, cinemas, and your little crib. The imagination is the limit. But we shouldn’t forget about technological limitations we will discuss later.

To make it operational, the project uses different decentralized technologies to achieve true decentralization. I’ll cover it on the Technology slide.

To make the working market inside the Decentraland, they will present you with different monetization methods.

The market.

Decentraland will tap into the Virtual Reality market, which has astonishing potential. And the projected volume of the market for the next 4 years is truly amazing. Let’s check this out.

Virtual Reality market is forecasted to grow from $5.2bln to $162bln from 2016–2020 according to IDC. Those are amazing numbers and I think that it is very possible that many forecasting agencies to fail at predicting. Maybe the next 3 years will show us even greater growth due to the appearance of new, cheap, and high-quality VR headsets. And maybe we need to wait 2–3 more years until the market actually gets needed equipment.

Right now, centralized game providers are the market leaders, and there is not much to add here.

Currently, Second life game is the main competitor with big audience and known brand. How long will this game stay market leader? Who knows.

Even though the market grows fast, it will be hard to compete with established market leaders, which will also want their share in VR market. And I am talking about giants like Facebook, Google, Activision Blizzard, and others.

The most important slide for investors.

The profit generation comes from appreciation of the MANA tokens due to the actual usage in the Decentraland VR world.

The more popular Decentraland VR world the bigger price of MANA tokens. Decentraland will have active marketplace where players will be able to exchange MANA tokens to digital assets inside this VR world.

MANA tokens will grow closer to important milestone dates. As you can see from this roadmap, the most important date Is 2018. That is when they plan to finalize their prototype for the market. I hope they will keep updating the VR world even after 2020.

Financially everything depends on whether Decentraland becomes successful. That’s pretty much it.

If digital goods inside Decentraland became valuable, it could positively impact the MANA token price. BTW, the project already made an agreement with districtox to trade its digital assets on this platform.

Exponential growth of VR sphere could also impact positively the price for MANA tokens

Also, there are more than 2 thousand members in Slack channel of Decentraland, more than 2 thousand on twitter, 2 500 on Facebook, and finally 170 subscribers on reddit.

Decentraland is built using multiple distributed technologies to reach true decentralization of its VR world. But…

Decentraland technology choices could potentially seriously impact performance side of their VR world. But appearance of new solutions could solve the problems. And I really hope that they will be able to deal with the performance issues. Also, I am a big fan of graphics in the game, so I hope that they will be able to eventually deliver on the most important parts of their VR world, which include a lot of factors. But let’s now take a look at technologies used in the project.

Consensus layer is powered by Ethereum, it manages a ledger of ownership.

Land content layer uses decentralized technologies to manage storage system to distribute content to render the world. As I understood, they want the best solution, but currently they use Torrent for this. Later they will switch to IPFS or Filecoin.

Real time layer is responsible for communication between players. They will use P2P solutions to make it work.

To make payment as convenient and fast as possible, they plan on using different scalable solutions like Raiden network,

And identity system is planned to be built on uPort, Consensys project.

Crowdsale favors early contributors and will provide them with a bonus during ICO. Majority of tokens will be held by Decentraland. Let’s expand on it.

· ICO starts on 17th of August, 8 P.M. EST.

· Project will distribute small % of its tokens to investors ( 40%), it is capped ICO at 20 mln USD

· Early investors will be rewarded with 40% bonus on the first day of ICO

· Later MANA tokens will be used to buy LAND during Iron Age period

· Decentraland ecosystem has 8% inflation (decreases each year)

· 50% proceeds will be used in development, 20% research, 15% Marketing, 10% operations, 5% Legal

That brings us to the final part of my presentation. Advantages and disadvantages.

First advantages.

· Team certainly has experience in blockchain technologies. They are able to deliver on that part.

· There is already a working prototype which can be tested by anyone. A new vision for VR.

· VR market is soon to become the most important one in entertainment industry, better catch this train!

Disadvantages.

· There is certainly lack of experience in gaming industry in the team. It is very important to have that kind of expertise, so I hope they will hire only the best in that area after the initial coin offering.

· There is no financial strategy shown. I would like to know how exactly they are going to spend money.

· Finally, decentralized technologies are not that developed right now to handle games. But, I can see that changing pretty soon. Good luck to the team, I believe in you and in VR market!

https://www.youtube.com/watch?v=j3ckylubGmk

ICO Review of: OmiseGo (OMG tokens on Ethereum blockchain)

The project I am going to review today very much resembles Basic Attention Token ICO. Why? OmiseGo is also going to be built on the existing product, Omise. It is a very popular payment management platform in Southeast Asia, especially in Thailand. And let’s check out what they want to do with the blockchain technology and why they need initial coin offering.

Team consists of Omise core team and well-known blockchain developers. The advisors are the strongest part of OmiseGo project because they almost all are from Ethereum foundation.

Founded in 2013, Omise is a venture-backed payments company operating in Thailand, Japan, Singapore, and Indonesia.

Omise has been a big supporter of Ethereum and its technologies, contributing funding to the foundation’s DEVGRANTS initiative in 2015, as well as funding the development of Raiden.

Omise team also collaborated with many other blockchain technologies including Hydrachain, Golem, Tendermint, and Cosmos.

OmisGo advisory board consists of the most famous blockchain and Ethereum developers. Vitalik Buterin, Gavin Wood, lightning network creator Joseph Poon. Stars.

Basically, OmiseGo is an e-wallet and payment platform operating across currencies and assets.

OmiseGo will create a platform for managing fiat/cryptocurrency/other assets with its powerful wallet Software Development Kit. OmiseGo builds a liquid on-chain decentralized exchange and off-chain payment network to make its ecosystem work

OMG tokens will be native currency of the OmiseGo blockchain. OmiseGo is going to be a new blockchain.

With OmiseGo the users will be able to manage: fiat tokens, cryptocurrencies, other assets (such as loyalty and reward points).

Software Development Kit will be provided to ensure full interaction with OmiseGo network.

The OmiseGo blockchain will be closely integrated into Ethereum mainnet. You can get to know more from reading technical whitepaper.

The OmiseGo will solve a lot of problems, including settlement time, fees, transparency, security, finality.

OmiseGo wants to be the place where you do not need a bank account to cash in or cash out.

One of the biggest markets OmiseGo wants to cover is Remittances market.

Of course, OmiseGo wants to cover more markets , such as: payments, loyalty and rewards, gaming and messenger platforms.

As you can see, the biggest remittances destinations are in Southeast Asia. This is the market where Omise team is really concentrated.

In 2016 the remittances market was evaluated at $442 bln.

Having certain advantages like low fees, fast transaction time, easy cashouts and cashins can be a powerful argument for usage of OmiseGo e-wallet.

The profit generation comes from holding OMG tokens. They will be used to validate the Proof of Stake network of OmiseGo and that’s how tokenholders will get rewards.

More transactions on the OmiseGo blockchain = more rewards go to tokenholders.

I made assumption that OmiseGo collects all $19 mln. and compared this project with major payment companies. Some incredible gains possible if the project is a success.

Any on chain acitivity needs to pay fees for validating the network.

Simple value appreciation leads to investors’ portfolio value increase.

OmiseGo tokenholders must wait until the blockchain is created.

OmiseGo has its own Proof-of-Stake blockchain with validators and other important variables of POS networks.

Here is the scheme of the OmiseGo network. Everything is built to support Digital Wallet functionality.

The main use cases of OmiseGo:

1. Remittances

2. Loyalty points

3. Mobile banking

4. Asset tracking

5. Digital gift cards

6. Tokenized fiat

In my opinion, this project is one of the most solid ones and , at the same time, less demanding from investors than others.

First of all, OMG is ERC-20 token on Ethereum until OMG blockchain is created. After the creation, the OMG tokens will be transferred to its own blockchain.

ICO starts on 27th of June and ends 1 month later. Seems to be without any time bonuses.

65,1% of all OMG tokens will be distributed to investors, 20% — reserve, and 9,9% — team.

Max cap is $19mln, minimum is $8mln.

5% of tokens is intended to encourage incentive alignment with Ethereum stakeholders.

Almost all the money goes to research and development. This is how allocation of of ICO funds is made: 62% — staffing, 16% — Scalability research, 7% — Operating expenses, 6% — marketing, 5% — legal, 4% — consultancy.

Advantages and disadvantages. First of all, I want to mention that I haven’t found a lot of disadvantages so you should tell your opinion about it in the comments.

Team is rock solid with existing selling product.

Advisory board consists of Ethereum and Bitcoin stars.

They have a clear vision of their product and the existing customer base which will use their product.

The biggest disadvantage for me is that they are building their own blockchain.

Another disadvantage is that they are now exclusively concentrated on Asia, I hope soon they will expand to Europe and America.

https://www.youtube.com/channel/UCI9POyyP-f93JHfkhr2ma2g

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ICO Review of : SONM (SNM tokens on Ethereum blockchain)

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. We have survived the BANCOR ICO and now it is time to move to another big ICO project, SONM. This project aims at covering one of the biggest internet markets out there. I hope you will enjoy my review and tell me what you think about this project. Let’s start!

Team mainly consists of Russian software developers who have vast experience in the cloud computations sphere.

Sergey Ponomarev is the creator of SONM’s decentralized supercomputer architecture and SOSNA concept, as well as the lead developer of the SONM platform. A long time Ethereum and blockchain developer.

Anton Tiurin is a senior Yandex software engineer and one of the leading Cocaine platform creators in the Cloud department.

Max Taldykin is an experienced smart contracts developer, working on off-chain computations for Ethereum.

There are more team members to this project, and you certainly have to check them all out.

Advisors include: Max Kordek, Simone Giacomelli, Jaron Lukasiewicz, Emmanuel Abiodun, Jake Vartanian, Sergei Sergienko, Alexander Rugaev.

What is the idea? Decentralized worldwide computational power. They want to solve the problem of inefficiencies of cloud platforms.

SONM is able to connect miners and customers with its decentralized network of computational power. The services which can be provided range from CGI rendering to scientific computations.

SONM uses the fog/grid computing. It is an architecture that uses one or more collaborative multitude of end-user clients or near-user edge devices to carry out a substantial amount of storage (rather than stored primarily in cloud data centers), communication (rather than routed over the internet backbone), control, configuration, measurement and management (rather than controlled primarily by network gateways such as those in the LTE core network).

The project will create a market for miners and customers.

The SNM token will be used as a native currency of the platform.

Anyone could connect to the SONM network and receive passive income for its computational power.

As you know, later this year Ethereum will transition to hybrid version of POS and POW, this is going to be the moment a lot of miners will leave Ethereum. And SONM wants to invite those miners to its platform. So don’t mine Ethereum classic, start mining inside SONM network =).

SONM’s main target is to become an important player in the cloud market.

The market right now stands at $200 bln. By 2020 this number will transform into $300 bln.

They want to be cheaper and more effective than competitors, by doing that SONM wants to cover substantial part of the market.

Do not forget about competitors. Golem isn’t sleeping.

What about money? The profit generation comes from usage of SNM tokens by buyers of computational power and dividends to tokenholders.

Profit generation comes from 0,5% fee of the hubs’ turnover funds. Hubs ar

Fees can be changed by tokenholders through the DAO governance tool.

Dividends to SONM tokenholders will be allocated as % from network fees.

Hubs will transfer settlement commission to DAO wallet which will distribute funds to investors.

Actual usage of SNMs on the platform will also positively influence the SNM price.

SONM business plan presents us with 2 business scenarios. Check their business document if you want more information on this.

The first one is pessimistic. It forecasts that project needs at least 3 and a half years to pay off initial investments through dividend mechanism.

The other scenario is optimistic. In this case, the project needs 1 and a half years to pay off initial investments of contributors through dividends.

What are the technologies SONM used to build its network?

Docker Container is an isolated environment ensuring computing parallelism and appropriate apps running on any device.

Ethereum smart contracts. A consensus system ensuring transparency and security for the system’s participants.

Yandex.Cocaine, which is an open source Platform-as-a-Service (PaaS) technology, and a decentralized computing platform.

BtSync. A peer-to-peer system for fast and safe data transfer.

Whisper, which is a peer-to-peer technology for node communication.

Fog computing. А decentralized and more efficient computing model compared to cloud.

SONM has marketplace.

It has miners who actually provide computational resources.

And buyers who are the main users of the computational power.

The crowdsale terms. SONM will distributed a large % of its tokens to investors, making their crowdsale more favorable for participants.

First of all, SNM is ERC-20 token on Ethereum blockchain.

ICO starts on 15h of June, 17:00 UTC and ends on 15th of July.

Project will distribute 80% of its tokens to investors, 1% to community grants, 9% SONM ecosystem fund, 10% SONM team.

They want to collect up to $40 mln.

Current rate of 1 ETH = 2824 SNM tokens.

The earliest investors will get the biggest bonus (15%), other investors will get bonuses depending on when they invested.

SNM transfer will be restricted for 1 month after ICO due to safety measures.

Allocation of funds is mainly concentrated on Marketing and promotion and Research and Development.

Advantages and disadvantages.

Team is a solid advantage. They are all experienced, professional, and passionate about what they do.

Working prototype. And recently they checked their product by running Quake. Check out their blog if you are interested.

Value proposition is logical and well presented in their documents.

They distribute a large percentage of tokens to investors. That is always healthy for the ICOs.

The first disadvantage is money. I do not think that they need $40 mln. to successfully implement their technology. But it is up to you to judge.

Another thing is dividends. They openly say that it is dividends that will be distributed. But it will make SNM tokens a financial instrument which is dangerous in terms of legal aspects.

There is quite a list of projects which are going to do the same stuff, so competition is a real thing and must not be put out of the equation.

https://youtu.be/FqOrVTmwf0I

Monaco, the project that may bring mass adoption to the cryptocurrency scene, is at the final stage…

Monaco, the project that may bring mass adoption to the cryptocurrency scene, is at the final stage of its ICO. I would like to cover this project until the end of its crowdfunding. Let’s start!

Team.

It consists of successful entrepreneurs, experienced managers, and software developers, but let’s take a closer look.

Kris Marszalek is an Entrepreneur in Southeast Asia Internet industry, he has created 2 projects that generated from $0 to $100m in revenue.

He was a CEO at Ensogo, Founder at BEECRAZY ( which was sold for US$21mm to iBuy Group in 2013).

Rafael Melo has 15 years’ experience in finance, deep understanding of risk, compliance and Mobile Payments ecosystem in Asia.

Also, he led fundraising efforts as CFO at ASX-listed Ensogo, securing strategic investment from VIPSHOP ( which is listed on NYSE: ticker VIPS)

Gary Or is a hacker, Product Designer, Entrepreneur, 9 years of full stack engineering experience (RoR, Elixir, Golang), Keen interest in Machine Learning and AI.

Bobby Bao has extensive experience in investment banking, corporate development, investor relations. Head of Corp. Development at Ensogo, investment banker at China Renaissance (华兴).

Blockchain advisors are represented by well-known personalities in Ethereum space. Pablo Yabo who conducts Smart Contracts Audit at CoinFabrik and Mikko Ohtamaa who deals with Smart Contracts Development at TokenMarket.

What is the idea behind the Monaco project?

Basically, Monaco wants to offer you opportunity to spend your ethers in shops.

Users will be able to store ether and bitcoins and exchange them during actual purchase. This way cryptocurrency can appreciate and no exchange of crypto needed beforehand.

Just load your Monaco app with cryptocurrency and start spending it anywhere VISA is accepted.

To be competitive, project will offer, as it calls it, “perfect” interbank exchange rate for users.

Monaco will reward its investors by storing 1% fees on exchanging cryptocurrency to fiat on its smart contract.

At any time, you will be able to, depending on your stake, withdraw ether from this contract. But it will destroy your MCO tokens and you will not be able ti withdraw anymore. It is done to incentivize tokenholders to hodl.

To get access to the Monaco App and VISA you will need to go through short KYC process.

What about crowdsale?

ICO starts on 18th of May and ends on 18th of June. So you still have time if you want.

Project will distribute 30 % of its tokens to investors, 25% — founders, 10% 0 employee token pool, 5% — advisors, 30$ — reserves. It is capped ICO at 150k ETH

Monaco has already collected more than 50k ETH, so it already has money to develop its project.

Allocation of funds is concentrated on R&D and working capital.

499 limited edition Monaco Black Cards will be distributed to the biggest contributors; other 500 Cards are distributed to the first contributors.

Advantages and disadvantages.

The project received backing from the Supercharger accelerator in Hong Kong in 2016.

They have strong advisory board.

The buyback program is , in my opinion, a great way to reward participants of the crowdsale.

There was a drama on subreddit which made a blow to the MONACO project.

There is going to be a strong competition from the competitors of Monaco.

The technical implementation is still unknown, but I guess this is the reason they are going to spend so much on R&D.

https://youtu.be/2wMjVizErYA

ICO details of FUNDYOURSELFNOW (FYN tokens, changes in ICO)

Recently FUNDYOURSELFNOW has changed some aspects of its project and I would like to cover the changes in this presentation. Also, I will touch ICO details here.

As you know I have already made a presentation on the FUNDYOURSELFNOW project, but the project has changed some important aspects of its ICO and I think, it is vital to cover everything.

So, what are the main changes the FYN team has made in order to be more appealing to contributors?

Design. Now the site looks way better than it previously did, and logo has been upgraded. Looks great, by the way. The team promised to pay more attention to design in future.

The terms have changed; I will cover it on the different slide.

The team has become more open, recently they published the video presentation of all participants of the project. It shows that they will not simply take your money and run away, they are serious about their intentions. You definitely have to check it out. https://www.youtube.com/watch?v=TGE1os08PZY&t=14s Also, FUNDYOURSELFNOW has added new members with vast experience to its advisory board, you can check them out and their LinkedIn profiles too. https://medium.com/@FundYourselfNow/stronger-advisory-team-with-vast-experience-10c64179cb27

The founders have changed the reward mechanism for the investors. Let’s see how.

Now the profit generation comes from two sources: price appreciation due to the usage of the platform and the buyback mechanism.

The FUNDYOURSELFNOW itself will benefit by listing projects. The platform will take 5% of collected funds.

No other fees will be introduced to stay competitive.

70% of FYN’s NET Income will be used to buyback FYN tokens from open market (digital asset exchanges like Poloniex and other platforms where FYNs will be listed, the details will come later).

The bought tokens will be burned by the FYN and this will lead to price appreciation because tokens will be a scarcer commodity.

As you know, in order to buy additional services on the platform, the FYN tokens will be used. It leads to additional incentive for FYN tokenholders to hodl.

I can see that, depending on the Net Income of the FUNDYOURSELFNOW project, there can be a substantial growth of FYN tokens value.

Here I wanted to show you conservative forecast of the buyback program if everything goes according to plan. Remember that everything depends on how successful project will be. I hope they will make it, the project looks promising.

The crowdsale terms have changed with the reward structure.

In terms of tokens distributed to investors project still remains as an attractive one. Let’s see.

ICO starts on 13th of JUNE.

During ICO, 60% of FYN tokens will be distributed to contributors, the team expects to collect up to 80 000 Ethers.

For 3 weeks, 1ETH will equal 120 FYN tokens, since 4th of July 1ETH will buy 100 FYN tokens. As far as I know, if you want to participate in presale, you still have time to contact the team and ask about it.

Founders, advisors, and bounties will get 40% of all FYN tokens.

Allocation of funds remains the same and is concentrated on Marketing and Business Development

When I started researching Cofound.it I found that it is very similar to FUNDYOURSELFNOW.

So I made a decision to compare those projects from some important angles.

FYN: 70% of Net Income is used to buyback tokens each 6 months. Value appreciation of tokens comes from usage of the decentralized platform.

CFI: 34% of decentralized platform fees will be distributed to CFI holders. Value appreciation of tokens also comes from usage of the decentralized platform.

FYN: 60% of FYN tokens will be distributed to investors. 40% will be used for reserves, founders, advisors.

CFI: 25% of CFI tokens are distributed to investors. Other 75%: 20% — founders, 10% — ICONOMI, 25% — CASHILA, 25% — reserves.

FYN: FYN already has decentralized platform prototype everyone can already test. You too! demo.fundyourselfnow.com

CFI: First of all, team now is more concentrated on providing expertise to projects in a centralized manner. In 2018 the plan to create a decentralized platform where tokens will be actually used.

https://youtu.be/6-zUfbsC7lQ

ICO Details of BANCOR network (BNT tokens)

Bancor team has finally released details of their crowdsale. Let’s take a closer look into them.

As I understand, the Bancor team realized that their crowdsale is becoming an important event for ICO world, so they made their ICO terms different from other projects.

Generally, it is interesting that 30% of collected ether will be used in smart tokens of Bancor network, other 70% will be used to finance the organization.

They also implemented team vesting which means that every 6 months they will be able to spend 1/6 of their tokens.

ICO will start on 12th of June.

Project will distribute 50% of its tokens to investors, 20% will be in long-term budget, 20% go to partnerships, and 10% to founders and advisors.

100 BANCOR tokens will be issued with 1 ETH for 2 weeks of crowdsale.

20% of collected ethers will be used as a reserve for BANCOR smart tokens, 10% will be used as a supply for token changers and ETFs.

For 1 hour the project will accept unlimited amount of investments to accommodate increased demand and let not only whales invest into their project but also average investors. After this 1 hour, if the project collects enough funds, ICO will be finished. Otherwise, if the goal, which is a hidden number, is not achieved, ICO will continue until it reaches its target. When the project reaches 80% of target, the ICO will reveal its cap.

First, team is an important advantage of this project, no doubt about it. They have proven that they are capable of creating something new in this blockchain world.

Technology is also advantage. The reason? It is truly something that can change the exchange of tokens as we know it. If it is successful, I expect BANCOR tokens to be really attractive investment for its holders.

Every new smart token, created on the platform, will greatly benefit BANCOR tokenholders.

Another advantage is that large part of ethers contributed to the project (30%) will go to the reserve of BANCOR smart tokens.

The disadvantage is that the cap is hidden, we do not know how many ethers will be contributed during this one hour. From the other side, many investors will be able to see how many ethers were contributed, for example, 30 minutes, and make a decision whether to invest or not. This is not BAT crowdsale, there will be a plenty of time to make a decision and a transaction to the smart contract.

Another disadvantage is a comparatively small % of distributed tokens to investors, but at least it is not 4% of Gnosis or 25% of Cofound.it, the terms are much better in comparison.

ICO Review of Cofound.it (CFI tokens)

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. As you know, ICOs now happen every day, and one team out there is doing its best to help only the most promising projects in their struggle to collect as much money as possible. This team is Cofound.it. They have expertise and the will to make ICO ecosystem more structured and attractive to investors. And guess what? Now it is their turn to conduct ICO! Let’s see how deep their rabbit hole goes.

What about the team, the cornerstone of every project?

Mainly, the team consists of ex-employees of ICONOMI project and software developers across the world.

Jan Isakovic worked for companies ranging from IBM and Microsoft to 5 person start-ups. Worked as mentoring program lead in ICONOMI.

Daniel is an entrepreneur and technologist and over the last 10 years he held positions in startups. Previously worked as a head of Investment Evaluation in ICONOMI.

Zenel has helped optimise the business strategy and brand experience for the most important companies in the SEE region for decades.

Erika has 10+ years of experience with software development. As a full-stack web developer, she has worked on projects for Google and MIT.

Anze is a seasoned business communicator, with more than 5 years of experience.

George has 12 years experience in strategic planning, IT & operations consulting, and managing international teams.

The advisors board is one of the most solid ones. Well, actually, it is even more than solid, it is the best advisory board out there. It consists of the very well-known Ethereum personalities, the names of William Mougayar and Evan Van Ness are creating the atmosphere where you will want to throw your money into this project, but give me some time, and maybe we will find something in this project that will make you think twice before investing. Let’s continue.

What is the mission of Cofound.it? What problems do they want to solve in the Ethereum and ICO community? Let’s see…

Generally, they want to become a VC-like Initial Coin Offering consultancy, by providing valuable expertise in ICO space.

Cofound.it team wants to solve the organizational problems of ICO stages. The target is to standardize and provide the most promising projects with the opportunity to collect as much during crowdsales as only possible.

At first, the founders will provide their services to selected projects. BTW, they mentioned that it is very important for them to meet projects’ teams and thoroughly evaluate them before helping them out. They already have previously evaluated more than 40 projects and chose only 3 of them.

Cofound.it mainly uses its vast experience to help projects achieving crowdfunding goals.

They also are willing to make the ICO market more investment-friendly and attractive to average investors.

For their services projects pay in the newly issued tokens. I will cover this more in investor relations slide.

So, they actually do not have any platform where the projects will meet experts in a decentralized way, so for now they will be more concentrated on providing services as before. But in 2018 they plan to create the decentralized platform where CFI tokens will be used extensively.

What about the market?

As I understood, they see potential of Ethereum ICOs to become the main way of fundraising in the future capital financing of startups. So they think of becoming the part of “Venture Capital” market, but for now the market they will tap into is ICO market.

This market is shown here. I think that $400 mln. For 2017 is a very conservative forecast, maybe at the end of this year we will see a much more interesting and bigger number.

Let’s summarize. The market is expected to double each year.

Cofound.it aims at capturing 10% of the market which is going to be roughly $40 mln in 2017 and $80mln in 2018.

Cofound.it has already signed 3 project for its services. Santiment, Musiconomi and X8 Currency.

On my slide concerning crowdsale details you will see that it is very important for them to cover as extensively geographically as possible. Boom, and they already have a branch in Taiwan.

What about value proposition?

The profit generation comes from projects that use services of Cofound.it. % of projects’ tokens distributed to CFI token holders. Later CFI tokenholders will benefit from decentralized platform Cofound.it will build.

So, profit generation comes from the new projects that use services of Cofound.it.

More projects there will be, the bigger valuation CFI tokens will have.

In order to be profitable, cofound.it will take from 5% to 10% of projects’ tokens.

Experts will get 51% of newly issued tokens, promotional costs 15%, and platform 34%. If I understood correctly, CFI holders will get that 34%, correct me if I am wrong here.

CFI tokens later will be used on a decentralized platform to purchase experts’ services, and other important ICOs’ services.

The ecosystem doesn’t have inflation. Have you made a decision about investing yet? Are you paying attention? Let’s continue.

What about the technology? Even though it is more about the services Cofound.it provides to its customers.

So, Cofound.it project will move to decentralized platform only by the next year, now they provide their services in a centralized way.

Now Cofound.it provides a very wide range of services to projects. What are these services?

Funding specifications, legal frameworks, communication with the community, SEO and marketing.

Now let’s divide the time periods for this project.

The first is 2017, Cofound.it will provide services only to selected projects.

Later in 2018, Cofound.it will start operations on a decentralized platform, which will connect experts with projects. The payment system on the platform based on CFI tokens will be introduced. This is where projects will be able to buy: promotion, evaluation, management, etc.

Do you want to retire early? Let’s see if this project will give you this opportunity!

Generally, Cofound.it will distribute a very small amount of tokens to its investors, and use CFI tokens to buy Cashila company. Let’s see the picture in details.

ICO will start on the 7th of June.

Project will distribute a very small % of its tokens to investors (25%). Yes, this is the part I do not like. It is a very small % of tokens distributed to investors, it almost resembles Gnosis ICO. But at least Gnosis investors made an unconscious decision to get 4% of all tokens, here the founders offer 25% openly. It is a capped ICO at 12.5 mln USD.

Project conducted presale where it collected more than 50% of needed money.

Allocation of funds is concentrated on development and operations, and international expansion of Cofound.it.

Here is the token distribution: 20% CFI — founders, 10% — ICONOMI, 20% — Cashila purchase, 25% — reserve.

Advantages and disadvantages.

The team is very experienced, cannot argue with that, they certainly have expertise in ICOs.

The advisory board is mind blowing, like the crowdsale terms, but in the good way.

Existing portfolio is existing portfolio, they already have projects they advise.

The disadvantages? Their competitors. If you look closer, there are, in my opinion, better options. Such as FUNDYOURSELFNOW, which has much more attractive crowdsale terms, and existing prototype which is going to be the decentralized platform for experts and projects. Take a look, guys, I really don’t want you to miss projects that can be much more rewarding in case of a success.

There is almost no work done on their decentralized platform.

This is one of the most unattractive crowdsale terms out there. It is not 4% like Gnosis, but still 25% is VERY LOW NUMBER. But there will still be investors, there always are.

https://youtu.be/bHfzFQ4_gDk

ICO Review of Cofound.it (CFI tokens)

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. As you know, ICOs now happen every day, and one team out there is doing its best to help only the most promising projects in their struggle to collect as much money as possible. This team is Cofound.it. They have expertise and the will to make ICO ecosystem more structured and attractive to investors. And guess what? Now it is their turn to conduct ICO! Let’s see how deep their rabbit hole goes.

What about the team, the cornerstone of every project?

Mainly, the team consists of ex-employees of ICONOMI project and software developers across the world.

Jan Isakovic worked for companies ranging from IBM and Microsoft to 5 person start-ups. Worked as mentoring program lead in ICONOMI.

Daniel is an entrepreneur and technologist and over the last 10 years he held positions in startups. Previously worked as a head of Investment Evaluation in ICONOMI.

Zenel has helped optimise the business strategy and brand experience for the most important companies in the SEE region for decades.

Erika has 10+ years of experience with software development. As a full-stack web developer, she has worked on projects for Google and MIT.

Anze is a seasoned business communicator, with more than 5 years of experience.

George has 12 years experience in strategic planning, IT & operations consulting, and managing international teams.

The advisors board is one of the most solid ones. Well, actually, it is even more than solid, it is the best advisory board out there. It consists of the very well-known Ethereum personalities, the names of William Mougayar and Evan Van Ness are creating the atmosphere where you will want to throw your money into this project, but give me some time, and maybe we will find something in this project that will make you think twice before investing. Let’s continue.

What is the mission of Cofound.it? What problems do they want to solve in the Ethereum and ICO community? Let’s see…

Generally, they want to become a VC-like Initial Coin Offering consultancy, by providing valuable expertise in ICO space.

Cofound.it team wants to solve the organizational problems of ICO stages. The target is to standardize and provide the most promising projects with the opportunity to collect as much during crowdsales as only possible.

At first, the founders will provide their services to selected projects. BTW, they mentioned that it is very important for them to meet projects’ teams and thoroughly evaluate them before helping them out. They already have previously evaluated more than 40 projects and chose only 3 of them.

Cofound.it mainly uses its vast experience to help projects achieving crowdfunding goals.

They also are willing to make the ICO market more investment-friendly and attractive to average investors.

For their services projects pay in the newly issued tokens. I will cover this more in investor relations slide.

So, they actually do not have any platform where the projects will meet experts in a decentralized way, so for now they will be more concentrated on providing services as before. But in 2018 they plan to create the decentralized platform where CFI tokens will be used extensively.

What about the market?

As I understood, they see potential of Ethereum ICOs to become the main way of fundraising in the future capital financing of startups. So they think of becoming the part of “Venture Capital” market, but for now the market they will tap into is ICO market.

This market is shown here. I think that $400 mln. For 2017 is a very conservative forecast, maybe at the end of this year we will see a much more interesting and bigger number.

Let’s summarize. The market is expected to double each year.

Cofound.it aims at capturing 10% of the market which is going to be roughly $40 mln in 2017 and $80mln in 2018.

Cofound.it has already signed 3 project for its services. Santiment, Musiconomi and X8 Currency.

On my slide concerning crowdsale details you will see that it is very important for them to cover as extensively geographically as possible. Boom, and they already have a branch in Taiwan.

What about value proposition?

The profit generation comes from projects that use services of Cofound.it. % of projects’ tokens distributed to CFI token holders. Later CFI tokenholders will benefit from decentralized platform Cofound.it will build.

So, profit generation comes from the new projects that use services of Cofound.it.

More projects there will be, the bigger valuation CFI tokens will have.

In order to be profitable, cofound.it will take from 5% to 10% of projects’ tokens.

Experts will get 51% of newly issued tokens, promotional costs 15%, and platform 34%. If I understood correctly, CFI holders will get that 34%, correct me if I am wrong here.

CFI tokens later will be used on a decentralized platform to purchase experts’ services, and other important ICOs’ services.

The ecosystem doesn’t have inflation. Have you made a decision about investing yet? Are you paying attention? Let’s continue.

What about the technology? Even though it is more about the services Cofound.it provides to its customers.

So, Cofound.it project will move to decentralized platform only by the next year, now they provide their services in a centralized way.

Now Cofound.it provides a very wide range of services to projects. What are these services?

Funding specifications, legal frameworks, communication with the community, SEO and marketing.

Now let’s divide the time periods for this project.

The first is 2017, Cofound.it will provide services only to selected projects.

Later in 2018, Cofound.it will start operations on a decentralized platform, which will connect experts with projects. The payment system on the platform based on CFI tokens will be introduced. This is where projects will be able to buy: promotion, evaluation, management, etc.

Do you want to retire early? Let’s see if this project will give you this opportunity!

Generally, Cofound.it will distribute a very small amount of tokens to its investors, and use CFI tokens to buy Cashila company. Let’s see the picture in details.

ICO will start on the 7th of June.

Project will distribute a very small % of its tokens to investors (25%). Yes, this is the part I do not like. It is a very small % of tokens distributed to investors, it almost resembles Gnosis ICO. But at least Gnosis investors made an unconscious decision to get 4% of all tokens, here the founders offer 25% openly. It is a capped ICO at 12.5 mln USD.

Project conducted presale where it collected more than 50% of needed money.

Allocation of funds is concentrated on development and operations, and international expansion of Cofound.it.

Here is the token distribution: 20% CFI — founders, 10% — ICONOMI, 20% — Cashila purchase, 25% — reserve.

Advantages and disadvantages.

The team is very experienced, cannot argue with that, they certainly have expertise in ICOs.

The advisory board is mind blowing, like the crowdsale terms, but in the good way.

Existing portfolio is existing portfolio, they already have projects they advise.

The disadvantages? Their competitors. If you look closer, there are, in my opinion, better options. Such as FUNDYOURSELFNOW, which has much more attractive crowdsale terms, and existing prototype which is going to be the decentralized platform for experts and projects. Take a look, guys, I really don’t want you to miss projects that can be much more rewarding in case of a success.

There is almost no work done on their decentralized platform.

This is one of the most unattractive crowdsale terms out there. It is not 4% like Gnosis, but still 25% is VERY LOW NUMBER. But there will still be investors, there always are.

https://youtu.be/bHfzFQ4_gDk

ICO Review of : Aeternity blockchain (Aeon tokens)

Today I will show you my review of the Aeternity project, future Ethereum competitor. As I expressed my opinion many times before, the smart contracts based blockchains are able to create much more value than simple Bitcoin copycats which invaded a lot of cryptocurrency space recently. And one of the projects which want to offer something new is the Aeternity blockchain. Let’s take a closer look into this.

First of all, team is quite small in comparison to Ethereum, but we are more interested in quality and not quantity, right? BTW, I will cover only the main faces of the Aeternity project so take a closer look on their site if you want to know more about them.

Team consists of internation blockchain developers, who have quite a bag of experience in the cryptocurrency and token space.

Yanislav Malahov is the “Godfather of Ethereum“, worked with Vitalik Buterin on colored coins in 2013.

Zack writes blockchains. His first “basic coin” was the attempt to write the most compact blockchain. Previously worked for Augur and built a few other blockchains from scratch, he is now leading æternity’s technical implementation.

Jack Pettersson previously worked for Synereo to develop the language and VM of their blockchain.

John Tromp recently has been designing a new Proof-of-Work system called “Cuckoo Cycle”, which æternity blockchain will be using.

Founding partner of FinTech Blockchain Group, Vincent is an expert on digital currency trading and an active investor in blockchain industry.

There are not a lot of players on the cryptocurrency market with actually working smart contracts, right?

So Aeternity’s main mission right now is to become better Ethereum with faster smart contracts.

What problems does Aeternity solve? Is there any need for this blockchain? Aeternity wants to solve the problems of scalability, decentralized providers of real world data, oracles, governance, and scripting saferty. In my opinion, Ethereum will soon be able to solve the problems of scalability with the introduction of hybrid POW and POS, and RAIDEN network (btw, Aeternity’s main proposition is to completely rely on its own version of RAIDEN network, state channels).

As you already understand, in order to become scalable, Aeternity will store a lot of data off-chain, in state channels.

Governance mechanism, which will solve a lot of headache during critical discussions about the network’s future, will be based on prediction markets. I will cover this point later in my “technology” part.

Aeon, which is a native currency of Aeternity, will be used in the network as a currency.

Initial distribution of Aeons is conducted on Ethereum right now, but they will be later , as I understand, converted into Aeons on Aeternity’s own blockchain.

Consensus mechanism will be based on the hybrid version of Proof of Stake and Proow of Work. BTW, this hybrid system will be introduced this year on Ethereum blockchain, which will dramatically lower inflation in Ethereum (and increase the sweet price of ethers).

But, yes, basically, Aeternity is Ethereum but with quite a list of differences. Basically, it will also have smart contracts, decentralized applications, and hard forks : ). I love hard forks. The soft forks blockchains should fear the hard forks as weak should fear the strong.

What market Aeternity will enter? You know the answer!

Aeternity is entering the market of cryptocurrencies with smart contracts.

The market is really in the hands of the giant, the one, the chosen, the best cryptocurrency out there, Ethereum. But there is a place for other competitors, like Ethereum classic, Waves (which will soon implement its version of smart contracts), Tezos (which is still in development). The market is really big and lucrative for projects. And there is no surprise, because the volume of the market is more than $25 bln.

Ethereum is the biggest, as I mentioned earlier, and it looks like with more time it will become the only one scene, because all the developers and users will choose it as the main and only. But there is hope…

The market is still quite small and welcoming for new players.

If Aeternity is a success, the ROI could be quite impressive. But let me expand on it on my next slide.

This is the slide which will from now on always accompany my presentations, because it is crucial that your investments make actual return.

The profit mainly comes from the price appreciation of the aeons, native currency of Aeternity, or the utility of those tokens in the ecosystem.

Here is a little table I created to show you how the price of aeons could change in the future in comparison to the ICO price. So, I made a table of capitalizations of different tokens which have smart contracts and it looks like if the Aeternity project is a success, there can be a huge growth and price appreciation for one Aeon. I simply divided capitalizations of other cryptocurrencies on the forecasted supply of Aeons. Tell me what you think about it. I think I could add more cryptos to compare, like Lisk.

So, let’s make a little conclusion on value proposition. Profit generation comes from price appreciation ( the tokens simply grow in price on exchanges).

There is a direct link between price appreciation of Aeons and the usage of the tokens inside the ecosystem ( the more users, the better for the price ).

In order to please investors, Aeternity team has to make substantial progress, especially considering the amount of man hours which are invested into Ethereum! Developers, developers, developers!

Aeternity will have its own smart contracts, so ICOs will be possible in the Aeternity ecosystem. It really feels like cryptocurrencies such as Ethereum, Waves, Aeternity will become stock exchanges like NASDAQ, NYSE with their ability to host their own IPOs but on blockchains and with different name (ICOs)!

Do not forget, that Aeternity will also be mined, so there is going to be inflation. The % is still not settled. Inflation leads to the erosion of value.

I think that speculators can make some short term gains by investing some money in Aeternity and then selling Aeons on the digital exchanges. But be careful!

Well, let’s take a look into some interesting solutions Aeternity wants to implement to solve the problems of other blockchains with smart contracts.

Aeternity will implement prediction markets-based governance mechanism, state channels based smart contracts execution, scripting safety for smart contracts, and decentralized oracles.

Governance will be based on Futarchy mechanism, which is a part of prediction markets ( if you want to know more about futarchy and how it is used, you can check my video or blog post about Wings DAO ).

In order to solve the problem of scalability, a lot of blockchain data will be stored off chain on state channels. What is state channel? It is like lightning network in Bitcoin or Raiden network in Ethereum. Also, they will use Chalang as the language of smart contracts.

What about providing real world data to blockchain? Any Aeon holder can become an oracle by committing to answering yes/no questions and depositing their aeons. If the answer is truth, he is rewarded, if the answer is a lie, punished. I think that it will be very challenging to implement this the right way, but I hope they will succeed in this.

Aeternity will use hybrid version of POS and POW. POW will be based on the Tromp’s Cuckoo Cycle, which is a form of ASIC mining, it will be more efficient than current Bitcoin mining in terms of electricity consumed. POW will be responsible for block order and issuance of new Aeons.

What are the examples of Aeternity’s applications?

First is the essentials. Identity mechanism, Wallet, Proof of existence.

Then comes State channels applications, this is the major point. Toll API, which is API but you pay for the access to the APIs. Swaps between blockchains, like Bitcoin to Aeons, or Aeons to Ethers. Prediction markets. Well, you know.

Crowdsale is already in progress, but let’s summarize it a bit.

Aeternity has already had ICO in April on Ethereum, but at the end, those Aeons on Ethereum ,as I understand, will be converted later into Aeons on Aeternity blockchain.

ICO, which happened in April, was phase one. It collected 121 thousand ethers, which is a lot now in USD terms.

Project will distribute 82% to investors, and the ICO will end when it will reach 21 million francs.

Founders will get 17% of tokens.

Allocation of funds will be disclosed later but the founders want to concentrate on hiring a lot of new blockchain developers.

What about advantages?

They have github where you can check their progress.

They already have quite a lot of money to reach their goals.

The team is experienced and has been in cryptospace for a while.

Market of cryptocurrencies with smart contracts is very new and they have advantage in the form of a new market.

The disadvantages? The Ethereum project. That’s it.

As you know, Ethereum has accumulated the majority of develoeprs on its platform, so I hardly see them moving away to something new.

I can see that project is hiring, but now it seems to be a very small project.

Aeternity is not the only competitor of Ethereum. What about Waves, Tezos, Ethereum classic, Lisk? They also will be a competition to the project. Don’t forget that!

https://youtu.be/UBiiVYUM1TM

ICO Review of : Aeternity blockchain (Aeon tokens)

Today I will show you my review of the Aeternity project, future Ethereum competitor. As I expressed my opinion many times before, the smart contracts based blockchains are able to create much more value than simple Bitcoin copycats which invaded a lot of cryptocurrency space recently. And one of the projects which want to offer something new is the Aeternity blockchain. Let’s take a closer look into this.

First of all, team is quite small in comparison to Ethereum, but we are more interested in quality and not quantity, right? BTW, I will cover only the main faces of the Aeternity project so take a closer look on their site if you want to know more about them.

Team consists of internation blockchain developers, who have quite a bag of experience in the cryptocurrency and token space.

Yanislav Malahov is the “Godfather of Ethereum“, worked with Vitalik Buterin on colored coins in 2013.

Zack writes blockchains. His first “basic coin” was the attempt to write the most compact blockchain. Previously worked for Augur and built a few other blockchains from scratch, he is now leading æternity’s technical implementation.

Jack Pettersson previously worked for Synereo to develop the language and VM of their blockchain.

John Tromp recently has been designing a new Proof-of-Work system called “Cuckoo Cycle”, which æternity blockchain will be using.

Founding partner of FinTech Blockchain Group, Vincent is an expert on digital currency trading and an active investor in blockchain industry.

There are not a lot of players on the cryptocurrency market with actually working smart contracts, right?

So Aeternity’s main mission right now is to become better Ethereum with faster smart contracts.

What problems does Aeternity solve? Is there any need for this blockchain? Aeternity wants to solve the problems of scalability, decentralized providers of real world data, oracles, governance, and scripting saferty. In my opinion, Ethereum will soon be able to solve the problems of scalability with the introduction of hybrid POW and POS, and RAIDEN network (btw, Aeternity’s main proposition is to completely rely on its own version of RAIDEN network, state channels).

As you already understand, in order to become scalable, Aeternity will store a lot of data off-chain, in state channels.

Governance mechanism, which will solve a lot of headache during critical discussions about the network’s future, will be based on prediction markets. I will cover this point later in my “technology” part.

Aeon, which is a native currency of Aeternity, will be used in the network as a currency.

Initial distribution of Aeons is conducted on Ethereum right now, but they will be later , as I understand, converted into Aeons on Aeternity’s own blockchain.

Consensus mechanism will be based on the hybrid version of Proof of Stake and Proow of Work. BTW, this hybrid system will be introduced this year on Ethereum blockchain, which will dramatically lower inflation in Ethereum (and increase the sweet price of ethers).

But, yes, basically, Aeternity is Ethereum but with quite a list of differences. Basically, it will also have smart contracts, decentralized applications, and hard forks : ). I love hard forks. The soft forks blockchains should fear the hard forks as weak should fear the strong.

What market Aeternity will enter? You know the answer!

Aeternity is entering the market of cryptocurrencies with smart contracts.

The market is really in the hands of the giant, the one, the chosen, the best cryptocurrency out there, Ethereum. But there is a place for other competitors, like Ethereum classic, Waves (which will soon implement its version of smart contracts), Tezos (which is still in development). The market is really big and lucrative for projects. And there is no surprise, because the volume of the market is more than $25 bln.

Ethereum is the biggest, as I mentioned earlier, and it looks like with more time it will become the only one scene, because all the developers and users will choose it as the main and only. But there is hope…

The market is still quite small and welcoming for new players.

If Aeternity is a success, the ROI could be quite impressive. But let me expand on it on my next slide.

This is the slide which will from now on always accompany my presentations, because it is crucial that your investments make actual return.

The profit mainly comes from the price appreciation of the aeons, native currency of Aeternity, or the utility of those tokens in the ecosystem.

Here is a little table I created to show you how the price of aeons could change in the future in comparison to the ICO price. So, I made a table of capitalizations of different tokens which have smart contracts and it looks like if the Aeternity project is a success, there can be a huge growth and price appreciation for one Aeon. I simply divided capitalizations of other cryptocurrencies on the forecasted supply of Aeons. Tell me what you think about it. I think I could add more cryptos to compare, like Lisk.

So, let’s make a little conclusion on value proposition. Profit generation comes from price appreciation ( the tokens simply grow in price on exchanges).

There is a direct link between price appreciation of Aeons and the usage of the tokens inside the ecosystem ( the more users, the better for the price ).

In order to please investors, Aeternity team has to make substantial progress, especially considering the amount of man hours which are invested into Ethereum! Developers, developers, developers!

Aeternity will have its own smart contracts, so ICOs will be possible in the Aeternity ecosystem. It really feels like cryptocurrencies such as Ethereum, Waves, Aeternity will become stock exchanges like NASDAQ, NYSE with their ability to host their own IPOs but on blockchains and with different name (ICOs)!

Do not forget, that Aeternity will also be mined, so there is going to be inflation. The % is still not settled. Inflation leads to the erosion of value.

I think that speculators can make some short term gains by investing some money in Aeternity and then selling Aeons on the digital exchanges. But be careful!

Well, let’s take a look into some interesting solutions Aeternity wants to implement to solve the problems of other blockchains with smart contracts.

Aeternity will implement prediction markets-based governance mechanism, state channels based smart contracts execution, scripting safety for smart contracts, and decentralized oracles.

Governance will be based on Futarchy mechanism, which is a part of prediction markets ( if you want to know more about futarchy and how it is used, you can check my video or blog post about Wings DAO ).

In order to solve the problem of scalability, a lot of blockchain data will be stored off chain on state channels. What is state channel? It is like lightning network in Bitcoin or Raiden network in Ethereum. Also, they will use Chalang as the language of smart contracts.

What about providing real world data to blockchain? Any Aeon holder can become an oracle by committing to answering yes/no questions and depositing their aeons. If the answer is truth, he is rewarded, if the answer is a lie, punished. I think that it will be very challenging to implement this the right way, but I hope they will succeed in this.

Aeternity will use hybrid version of POS and POW. POW will be based on the Tromp’s Cuckoo Cycle, which is a form of ASIC mining, it will be more efficient than current Bitcoin mining in terms of electricity consumed. POW will be responsible for block order and issuance of new Aeons.

What are the examples of Aeternity’s applications?

First is the essentials. Identity mechanism, Wallet, Proof of existence.

Then comes State channels applications, this is the major point. Toll API, which is API but you pay for the access to the APIs. Swaps between blockchains, like Bitcoin to Aeons, or Aeons to Ethers. Prediction markets. Well, you know.

Crowdsale is already in progress, but let’s summarize it a bit.

Aeternity has already had ICO in April on Ethereum, but at the end, those Aeons on Ethereum ,as I understand, will be converted later into Aeons on Aeternity blockchain.

ICO, which happened in April, was phase one. It collected 121 thousand ethers, which is a lot now in USD terms.

Project will distribute 82% to investors, and the ICO will end when it will reach 21 million francs.

Founders will get 17% of tokens.

Allocation of funds will be disclosed later but the founders want to concentrate on hiring a lot of new blockchain developers.

What about advantages?

They have github where you can check their progress.

They already have quite a lot of money to reach their goals.

The team is experienced and has been in cryptospace for a while.

Market of cryptocurrencies with smart contracts is very new and they have advantage in the form of a new market.

The disadvantages? The Ethereum project. That’s it.

As you know, Ethereum has accumulated the majority of develoeprs on its platform, so I hardly see them moving away to something new.

I can see that project is hiring, but now it seems to be a very small project.

Aeternity is not the only competitor of Ethereum. What about Waves, Tezos, Ethereum classic, Lisk? They also will be a competition to the project. Don’t forget that!

https://youtu.be/UBiiVYUM1TM

Review of WINSOME.io decentralized gambling application

I would like to present one of the most innovative gambling decentralized applications on Ethereum blockchain, WINSOME.io. This project has two gambling applications, RoulETH (decentralized European roulette on blockchain) and Blockjack (well, blackjack).

Play Responsibly and do not bet ether you cannot afford to lose. Do not play if you are under 21. Do not play if the game is not allowed in your jurisdiction. Winsome does not intend to enable you to contravene applicable law. You represent, warrant and agree to ensure that your use of winsome services will comply with all applicable laws, statutes and regulations. Winsome.io is not responsible for any illegal or unauthorized use of winsome services by you.

Let’s start.

First, blockchain not only revolutionized the payment industry, but also gambling industry. Particularly, Ethereum blockchain has brought transparency to the process (you can actually check fairness of random number generation), and seamless, account-less experience.

Here we go, seamless gambling which is possible with…

Metamask or Parity in your Google Chrome. All funds are in your hands, there is no need to deposit anything to gambling decentralized applications.

Ethereum Mist browser, which is developed by Ethereum foundation.

Mobile Ethereum browsers, such as Status.

Then we have transparency. I will show later you how transparent WINSOME project is, but generally you can view all the previous transactions, hashes, seeds, all the important data which is used for random number generation.

Immutability is the feature that prevents owners of decentralized applications to rig the results of the games.

Scalability means that the game is fast and fun. Ethereum blockchain is much faster than Bitcoin, so there lies an important advantage in terms of smoothness of the whole gaming experience.

Here I would like to enumerate the reasons WINSOME is your choice when we talk about gambling.

Generally, all the weak points of online gambling are cured in the WINSOME. Let’s now expand on those points.

First is the account. There is none. You only use Metamask or Parity extensions on your Chrome browser, there is no need to register. But the creator of WINSOME, whysoserious (his nickname), created the option to get a name for your metamask address. So that when you bet, all people on WINSOME site can see not your Metamask address but your nickname which is associated with your address. Cool, isn’t it?

Then there is RNG mechanism which is based on blockhashes of mined blocks. This is provably fair system which can be audited by anyone. Whysoserious even created snapshots of each bet, so you can audit every bet on the WINSOME yourself. Give it a try! I will expand on how RNG works later.

Instant payout. If you win, the payout will be sent to your metamask wallet within a few blocks. No more waiting! There is no need to pay any middlemen for transferring what you won.

No deposits needed. Your funds never leave your metamask wallet. Only when you bet on something, the transaction takes the sum you want to risk, and when returns it with the reward if you won.

Entertaining. WINSOME creator has created very nice looking site. You can try betting on testnet, without sending any real ether first. This way you can be assured that the game is fun and enjoyable. But play responsibly!

We have come to the most important part. Fairness of the game, Random number generator.

General idea is that RoulETH, European roulette on Ethereum, has RNG which is completely based on Ethereum blockchain. There is no interference of 3rd parties in the process of generating true random numbers for your games. And now let’s take a closer look into how RNG works in WINSOME.

First, player bets. The transaction is sent to the blockchain.

Miner discovers block and includes the transaction into the block.

Smart contract records the bet with all the data, which includes type, choice, value, block number.

Then the decentralized application sends another transaction to the Ethereum blockchain.

Smart contract uses blockhash of the mined block, player address, and contract address to create hex result (base 16 number).

Then hex result is converted to Big number (base 10 number).

This big number is divided by 37, giving a number between 0 and 36. This is how RNG works in WINSOME project. If you would like to get deeper into understanding the RNG mechanism, I advise you to read the article of whysoserious on his medium blog, I will leave the link in my video description.

Of course, as any other decentralized application, WINSOME has its advantages of RNG and disadvantages. Let’s discuss them!

Advantages first.

Random number generation doesn’t rely on any 3rd parties, like Oraclize. The RNG comes straight from the Ethereum blockchain.

RoulETH RNG has been tempered by the public tests of more than 1 year.

More than 30 000 bets were made on the platform, not a single failure of the system.

WINSOME RNG , by far, is the most solid RNG which really works.

Disadvantages.

Seed provider could collude with the miner (While Ethereum is still Proof of Work) or validator (When Ethereum will transition to Proof of stake) and manipulate WINSOME RNG. But the statistical analysis of WINSOME.io gives the power to see such activities. So, the small bet size has to be low (1 ether) to avoid miner trying to manipulate the RNG

Here is a little comparison of WINSOME with its competitors on Ethereum.

As you can see, while other projects prefer to use servies of 3rd parties on RNG, WINSOME has chosen Ethereum blockchain as its main random number generator. @Whysoserious implemented the lowest house edge versions of games (european roulette and not american one). By the way, another advantage of WINSOME is that you can actually audit every line of code of WINSOME because it is completely open project. And this project has one of the best, easy-going developers.

If you liked this project then certainly check it out and tell me what you think.

https://winsome.io
https://blog.winsome.io/random-number-generation-on-winsome-io-future-blockhashes-fe44b1c61d35

https://youtu.be/n7uEZtr8C_w

ICO Review of : FUNDYOURSELFNOW (FYN tokens, Kickstarter blockchain competitor)

Today I would like to present to you FUNDYOURSELFNOW project, which, due to its poor advertising, didn’t get much attention from the cryptocommunity. At the moment, there are not many people who heard about this project, but I want to fill the void with my review. I have put some effort into it and I hope you will find it helpful and enjoyable.

First of all, we need to get acquainted with the team of FYN project.

The team consists of Singaporean blockchain and software developers with a bag of experience.

So, Jack is the founder of Pinnacle One Consultancy, a Singaporean based web design and solutions provider.

He has 10 years of management consulting experience and won the “Consultant of the year” Award given by the Singapore Business Advisor & Consultants Council.

Kenneth is the COO of Pinnacle One Consultancy. He has over 10 years of experience in software development. He started off with at Accenture, working on large scale ERP projects. At Pinnacle One Consultancy, he was responsible for delivery of IT projects to over 100 different clients.

Junyi has 7 years of experience in the vetting and development of cryptographic solutions, with experience in static analysis and code coverage for both software and hardware implementions of mission-critical algorithms. He started off mining ethereum and has developed on smart contracts for business applications.

With over 25 years of experience in IT industry, Venkat Krishnan has worked on domains ranging across different industries.

Mr. Carlos Luis Salas Porras was formerly the CEO of Success Dragon, a listed company in Hong Kong Stock Exchange. Carlos also serves as the CEO for Nogle Pte Ltd, a leading Asian venture studio firm.

Basically, FYN is aiming at becoming the biggest crowdfunding platform with cryptocurrency financing/contributions. It wants to solve the problem of economic inefficiencies, responsibility problems, and high fees of such crowdfunding platforms as Kickstarter and Indiegogo. At the moment, there are not a lot of players in Ethereum ecosystem who are trying to push cryptocurrency crowdfunding to mainstream. But let’s first look at the details of how FYN will work.

FYN wants to become a crowdfunding platform where it will be extremely easy to launch your ICO, where investors will be able to vote whether or not to release another portion of funds to the projects, and where you will have a huge community that will help you out with different project needs.

The main idea of FYN is to standardize ICOs and popularize this method of raising funds in the current crowdfunding communities of Kickstarter, Indiegogo, etc.

The developers will create a standardized bounty engine, so that projects that may need support from the members of FYN will get what they need.

Creation of ERC-20 tokens will be standardized and will depend from project to project.

In order to ensure safety of at least part of the contributors’ funds, there will be a possibility of creating projects with milestone-based funds release mechanism. I am 100% for this feature in every project that comes to ICO stage. I am sure that a lot of projects’ future will be known before the release of the next tranche of funds to the founders.

In order to be inclusive and to widen audience, the project will integrate web wallets to their site, this way they will be able to gain more contributors and project creators. Also, they will introduce their own exchange of digital assets on their site, so that anybody can exchange their project tokens to ETH or BTC.

FYN’s market is a fast growing one. Which is it?

Of course, it is crowdfunding. Kickstarter and Indiegogo are the two largest competitors on the scene. But also we shouldn’t forget that the developers of FYN are planning to cover the market of ICOs, too. Meaning that they will allow the creation of profit-sharing tokens and dividend mechanisms.

Here is the crowdfunding market graph. IF you want to get deeper into understanding the market, there are couple of links at the bottom of the slide. Well, if you want general information, the market is truly enormous and about to double by 2020, reaching $100 bln.

If you have seen my previous videos, you may already know what one of the competitors on cryptoscene of FYN is Wings DAO, but if you look closer at the project, you will see that, actually, FYN is willing to compete with Kickstarter and Indiegogo. The founders want to do the same things as Kickstarter but with cryptocurrency and smart contracts. This way they can be much more efficient.

The whole industry is expected to grow 26% annually until 2020.

At the moment, the valuation of crowdfunding is more than $50 bln, and as I said earlier, this number is expected to double by 2020.

In my opinion, cryptocurrency and smart contracts could really revolutionize the whole industry, so I am hopeful that FYN will achieve its goals. Let’s now move to the most interesting part, the investment attractiveness of the FYN project.

Here I will answer the question why investors should invest into this project. Let’s start.

The value comes from listing successful projects on the platform. Tokenholders will receive benefits each time there is a successful crowdfunding campaign.

There is going to be 5% listing fee for the projects, meaning that 5% of collected money will be transferred to the investors and FYN development team.

In order to be competitive, there is going to be no other fees, like Kickstarter has. By doing this, they will improve their attractiveness in comparison to Kickstarter by at least 44% (usually, Kickstarter and Paypal, by the means of transaction fees, together take 9% of all crowdfunded money)

20% of the 5% fee revenue will be distributed to tokenholders of FYN.

Other 80% and later 95% will be used to reinvest into company. Why 95%? I’ll explain.

FYN is willing to become a billion-dollar company, so they expect that later even 1% of their revenue will be a huge number.

By the end of 6 year and onwards, the investor revenue share will decrease to 5%.
As you can see ,this is the table the FYN provides as an example of possible revenues for investors and for the platform. Observing current ICO market I see those numbers as quite conservative. As you can see, after 6th year, the tokenholders will receive only 5% of revenue. If we assume that the FYN becomes successful, even that share can be beneficial for the investors. But if FYN is not able to reach needed popularity then, there may be a problem. Here everything depends on how professional the FYN team is, and how ready will be the market for their product. Judge yourself.

Let’s now see what is up with their crowdsale.

First, generally, they are more generous than other projects in terms of tokens distributed to investors. From the other side, 20% and then 5% revenue sharing, in my humble opinion, is quite low. It would be much better if they left the revenue sharing at 20% throughout the existence of the project, but they make decisions and not me, so …

ICO will start on 2nd JUNE 2017 at 14:00 UTC+8.

It will distribute 80% of all tokens to investors, ICO is capped at ~80 000 ETH at current prices. They want to collect about $12.8 mln

1ETH will equal 120 FYNs for the first period, then they will decrease this number to 100 FYNs for 1 ETH.

Founders, advisors, and bounties will get 20% of all FYN tokens.

Allocation is mainly based on business development and marketing, then R&D takes 25%, and Legal & Operations take another 25%.

Let’s now compare the advantages and disadvantages of FYN.

First, as I mentioned before, it is extremely good when projects have working prototypes before the ICO, and FYN has the working prototype. I recommend everyone to try it out if the project got you interested!

Then I can see that team has vast experience in software development and consulting services. I am sure that it will be useful for them while building their platform and making it popular. Also, it is very important that they have open identities.

Another advantage is the competition. There is almost none in the sphere of cryptocurrency crowdfunding platforms. If they are able to deliver the easy to use, comfortable, and nice-looking product, I think they may become successful.

If FYN becomes popular faster than we expect, there may be a very lucrative stream of dividends to tokenholders. Especially important is that their ICO is capped at approximately 80 000 ETHERS, so that there is not going to be huge dilution of tokens.

Disadvantages: UI/IX in my opinion needs quite a lot of work, they certainly need to work more on their brand and design.

Current platforms for ICOs, such as WINGS DAO, can be a threat to FYN in future. Even though, FYN wants to concentrate more on the audiences of Kickstarter, WINGS DAO can become a platform which will be better than FYN.

Another big disadvantage is the gradual decrease in revenue share for investors. I really would like them to leave this 20% alone and not decrease it to 5% by 6th year.

Maybe crypto crowdfunding will not become popular, who knows. Anything can happen, right, guys?

https://youtu.be/WTLTBLDNZNU

ICO Review of : BANCOR Network (BANCOR tokens)

Today I would like to present the BANCOR network. This project seems to be one of the most interesting ones which start their ICOs in May. I worked really hard to make this presentation, so I hope it will be helpful and enjoyable. Let’s start.

Team consists of Israel-based blockchain developers who got into space quite a while ago.

Eyal Hertzog is a leader of the project. He is a venture-backed technology entrepreneur for over 20 years.

He is founder of MetaCafe, the Israel’s fastest growing video sharing service reaching over 50 m users at its peak.

Previously he founded Contact networks, one of the first social networks in 1999.

Guy Benartzi is CEO of Mytopia. Founder of Particle code, AppCoin and active angel investor.

Guido Shmitz-Krummacher is SME executive with over 25 years of experience in Board of Directors and CEO roles throughout Europe.

Meni Rosenfeld is a blockchain advisor to the project.

And Localcoin is the company which develops the project. As developers state, they are exclusively working on the Bancor project.

What is the main idea of the project? What problem does it solve?

The Bancor protocol solves the problems of low liquidity and price inefficiencies of digital assets exchanges like Poloniex, Kraken or Bittrex.

What new does Bancor want to introduce to the blockchain space? Bancor aims at creating so called “Smart tokens” which are issued when somebody purchases them or liquidated when somebody liquidates them for reserve tokens. The uniqueness of smart tokens is that they have reserves of other tokens. By the way, the developers want to concentrate on the word “reserves” and not “smart tokens backed by other tokens”, because they see that smart tokens can create its own value to its holders which is not associated with reserved token.

So, smart tokens have a balance of reserve tokens.

Reserve tokens can be anything ERC-20 compliant, Ether or other smart tokens.

Price discovery in Bancor network is based on “Constant Reserve Ratio”. It represents how much reserves particular smart token has. For example, basket of tokens will have 100% of CRR, which means that the reserve tokens are in 1:1 proportion to smart tokens. If you hold it, it’s like holding an ETF, which consists of a lot of different assets, but you need to hold only one token to diversify into a lot of assets.

Basically, Bancor resembles a decentralized exchange with high liquidity and no fees.

There are multiple ways you could use BANCOR smart tokens, but I will expand on it later.

I took a little time off to understand what is the market Bancor network trying to enter. Then I realized what it is.

Bancor is tapping into the market of centralized and decentralized exchanges, where trade volumes are huge. And I found the daily trade volumes on Poloniex to correctly resemble what kind of reach can Bancor have if it is successful in its mission. As you may know, the volumes of Poloniex are the biggest on the digital exchanges market because Poloniex is the biggest cryptocurrency exchange. ETH market is the biggest BTC pair here. And Ethereum blockchain is going to be the main destination for Bancor technology.

So, Bancor is solving the problem of low liquidity and price inefficiencies.

Both of those problems are related to digital assets exchanges.

This market is really huge if we see Bancor somehow competing with centralized and decentralized exchanges. We talk millions of USD in daily trades here.

Do not forget that Bancor is centered on Ethereum technology, so it is able to reach as high as Ethereum in terms of currencies supported (ERC-20 tokens).

We have come to the most interesting and complex part, the technology of Bancor. Presentation has 3 slides devoted to that question. Hold on, my friend. I paid quite a price in terms of hours spent in order to “get” the mechanism of Bancor and I hope I got it right enough so you will understand that too. Let’s go.

Many investors want to know: how can I make money on buying and holding BANCOR tokens, and the answer is here. All the new smart tokens issued inside the Bancor network will hold BANCOR token (at least, some default amount), thus, increasing the value of BANCOR holders.

Technology of Bancor protocol provides ability to create a new kind of crypto-token which lays the foundation for hierarchical monetary system. Let’s expand on this a little.

Anybody can create a smart token, having a lot of ways to create it. Bancor will also make it possible to use messenger bots to create smart tokens. BANCOR will be a default reserve token, so that investors in BANCOR will benefit each time somebody creates a new smart token.

Bancor is a smart token. And guess what, it also has something in reserve! It is ether. But the value of BANCOR will not be determined by Ether in its reserves but by the popularity of Bancor network. The more smart tokens out there, the more value BANCOR tokens will have.

Price discovery is based on “Constant Reserve Ratio”, which is set by smart token creator. It sets % of reserved token inside smart token

Price of Smart Token with 100% CRR dynamically changes depending on what reserve tokens used for purchase of smart token, and what reserve tokens are converted into. It is quite complex, but give it sometime and you will wrap your head around this concept.

Now better touch examples of BANCOR smart tokens.

The first is community currency. The developers of Bancor like to give “hearts” community in Israel as example, where local moms exchanged cryptocurrency as the payment for different local services, like babysitting.

The second is my favorite, because it gives you diversification through holding a single smart token, For example, I could invest in two betting markets simultaneously by buying a smart contract which is 100% reserved with Augur tokens and Gnosis tokens. That is cool, isn’t it?

The third is token changers, and I think you already understand the main function of those smart tokens. This way you can change your Bancor tokens for GOLEM, for example.

The next one is crowdfunding. Projects could use some % of raised funds as a reserve to their token. It is very appealing, especially considering how much projects collect nowadays. Your token could be backed not only by the work of the team, but also some ether or other ERC-20 token. I would certainly want that.

Please, do not be overwhelmed by the scheme, I will explain everything.

If you want a summary, then here it is: Basically, BANCOR with other ERC-20 tokens act as trading pairs, which can be bought, sold, converted.

In this example, the BANCOR smart token acts like a trading pair (like BTC/ETH) to all ERC-20 compliant tokens. It means that you are able to exchange anything for BANCOR in the BANCOR network.

Percentages are the CRR of the reserve tokens, where arrows are from the smart token holding the reserve — to the token held in reserve.

There can be almost any combination of tokens in Bancor network. Augur REP tokens with Gnosis and BANCOR. GOLEM with MELONPORT, ICONOMI, and BANCOR. Anything.

But BANCOR always stays as a default token which will be inside smart tokens, so that investors into BANCOR could benefit as well as the whole BANCOR smart tokens ecosystem.

Here you can see the main BANCOR smart token.

It is reserved with Ether, in this example its 20%. People can create their own tokens, reserved with any ERC-20 tokens. Imagination is the limit.

Here I just wanted to show you that smart tokens could consist of absolutely any assets that were tokenized. Even oil and gold, if it is available on the Ethereum network!

Here is the first example, its Token Changer. It gives you ability to change some Gnosis for Bancor and vice versa.

Here, you can buy a basket of tokens by just buying one smart token of Bancor network. Like REPs, MLNs, GNOs, and BANCORs.

If the fiat will be tokenized on Ethereum, expect to be able to buy a basket of different fiat currencies with just one coin.

Finally, I think this Base Commodities ETF we will be able to buy in some near future, when there is going to tokenization of share, and I believe this time is quite soon. I am a huge believer in Ethereum.

What about Crowdsale and Advantages and disadvantages?

Unfortunately, there is no information yet about crowdsale, so we have to wait some time. I will post a detailed video after the terms are here. Thank you very much for being here with me, and I hope to see you in my next video. Bye, until the next time!

https://youtu.be/6s6iMaS1Ewo

ICO DETAILS OF BASIC ATTENTION TOKEN (BAT tokens)

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. Let’s look at the details of the ICO of Basic Attention Token which will take place in the end of May. This is going to be one of the biggest ICOs in Ethereum network and I really do not want to miss the opportunity to give you only the essence of this event. If you want to know more about this project, you can check out my previous video on BATs on my YouTube channel. In this video I concentrate on the coming ICO. Let’s start.

First of all, it is going to be the most attractive ICO on Ethereum. As a consequence…

The BAT tokens will be bought out in minutes, if not seconds. That’s the reality. Professional team plus great idea equals the hottest ICO of 2017.

ICO will take place at the end of May. Better make a reminder on your phone.

Team is trying to collect $15 mln, which is not that much if we take into account how big this whole BAT project can turn out in terms of profits. BTW, it is advantage that they cap the money they want to raise, they know their costs.

There will be 1 bln. Basic Attention Tokens.

2 days before ICO the BAT team will reveal the contract address, where they will receive ethers.

If you want to invest, I highly recommend using MyEtherWallet or Parity. Both wallets are fast.

What about the distribution? 70% will be in the hands of investors, 20% in the hands of developers, and 10% in user growth pool. I will give additional details on user growth pool on the next slide, hold on.

Allocation of funds will be mainly concentrated on the developers, 58%. Contractors — 13%, Marketing — 12%, Administration — 10%, Contingency fund — 7%.

What about user growth pool?

10% of tokens will be dedicated to rewarding new users of BAT ecosystem.

User will get about 5 tokens. The developers say they even think of decreasing amount of tokens distributed to one user.

BATs, which will be distributed TO USERS, will not be exchangeable, only used inside the BAT ecosystem. That’s how they want to deal with the problem of cheating people (who will create a lot of empty accounts and simply exchange tokens for real money). Investors will be able to trade their own BATs.

Developers plan on returning unused tokens back into the pool.

There is going to be no inflation inside the BAT ecosystem.

Users will be able to donate or receive premium content from publishers. That’s how advertising should work.

What about BAT tokens? Where will we able to use them?

First is browser extensions. We will be able to spend BATs, using out Google Chrome with necessary BAT extension.

Also, developers plan on integrating BATs into Telegram and WeChat, two most dynamic messengers.

Finally, BATs will be integrated in Status, the Ethereum mobile messenger and browser.

As you can see, BATs’ crowdsale is a big event. But before investing, check out all the available information on the subject. Take care, and see you in my next video. Bye, until the next time!

https://youtu.be/YMXPJ2wb0LE

WINGS.ai explained (WINGS tokens on Ethereum blockchain)

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. Today I would like to tell you about WINGS project and its features. This project is Ethereum-based, it was one of the most interesting coins in 2016, and right now it is in Alpha stage, so you can actually try it out. Let’s begin.

What is the main idea of Wings? What problem does this project want to solve?

The main idea is to become a platform for creating Decentralized Autonomous Organizations. Perhaps, you would say that anybody who is willing to create DAO, can do it using Solidity. Yes, that is true, you can write smart contracts yourself, but if you want to simplify the process and use the community of WINGS, you can actually create DAO from WINGS platform by choosing the right parameters for your project.

The main feature of WINGS platform is its Futarchy engine. What is it? Basically, someone puts a proposal on particular DAO. For example, he proposes that the founders of the DAO redesign the site. Then, the tokenholders start voting on this proposal by choosing if this move will have positive impact on the price.

It looks like that. As you can see, the Decision is to redesign the site, and there are two options on the vertical axis: to implement the decision to redesign or not. And the horizontal axis has the expected outcome of both decisions. If the decision is expected to increase the price for project’s tokens, the voters will lean more towards right side, if the decision is expected to decrease the price, the left side. The same voting mechanism is applied to “no” voting, you choose if the decision to do nothing will impact the price for project’s tokens.

Here is the example of the choices the forecaster from WINGS can make. From this example, we can see that the decision to redesign the site is forecasted to increase the price of tokens. So, the project’s founders have to take this into account and redesign the site.

This is how, using so called “Swarm intelligence”, the community will be able to predict price change as a result of certain event. By the way, guys, I hope you understand that I mean the projects that are built on WINGS platform, it is not about WINGS itself.

WINGS will use chatbots as the main way to participate in voting and submission of proposals. For example, you will be able to access your profile from telegram bot.

For investors, it is not an option to simply hold the tokens. The reason is that you will not be able to receive rewards for voting. And it looks like you will be able to collect quite a lot of rewards by participating in the WINGS community. But perhaps, soon the WINGS developers will create governance option which will help investors in that sphere by allowing other participants to vote on investors’ behalf.

This is what I mean. Direct governance is when you vote directly on the matter. Liquid governance is when you can vote directly, or you can delegate your vote to someone else. Another option is representative governance. It consists of delegates only, where you have to choose the right person to vote.

As I understand, you can get a lot of tokens from voting on the success of the projects, when they will be in the ICO stage on WINGS platform. By voting, you will be able to receive either part of the projects’ tokens, or part of the collected funds by the project.

In order to get listed on the platform, you must pay WINGS tokens.

Now let’s touch the token characteristics. First is the distribution of collected funds. 75% was distributed to investors, 17% to incentives program, 5,5% to advisors, and 2,5% to bounties. There is no inflation.

100 mln tokens created.

During the ICO, the project collected 2 000 BTC.

The profits are made only by active participants of WINGS platform.
Capitalization of WINGS at the moment is $20 mln, which is quite impressive.

One of the reason the platform was created is the will to mitigate such catastrophes as DAO debacle. The WINGS platform gives you opportunity to construct your own DAO, using standardized smart contracts, which were checked and audited.

So, the DAO was the biggest investment fund on Ethereum until it collapsed.

DAO collected about 13% of all Ether supply back then. Right now, this fund could be valued at $1 bln.

Unfortunately, as later was disclosed, the Slock.it team didn’t conduct a proper audit of the smart contract. And many people blame them for the bug. Actually, I am even happy that this bug happened, because of it, many teams now double check their code before release. Thank you, DAO.

If you want the details, the code which is responsible for checking balance was improperly placed in smart contract, so that the hackers exploited this part by sending a lot of requests per second. By doing that, the smart contract didn’t check that it already sent the coins, and did it over and over again. Thanks to the protection mechanism, the hackers needed to wait 30 days to access the ethers they drained.

A lot of ethers were almost in possession of hackers, it was a big problem for the community, so even Proof of Stake mechanism was in danger.

Ethereum Foundation made the right decision to slay the monster and return the funds to its owners, making it clear that such situations where one project accumulates such a huge bag of ether should not happen in future. And yes, the Ethereum classic chain is where hackers got away with their crime and where miners will rule forever.

Thanks for reading, hoping to see you in my next post. Bye, until the next time!

https://youtu.be/jxhNMn3WFdU

WHAT CRYPTOCURRENCY PORTFOLIO IS THE BEST

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. Many people asked me about the best investment options on cryptocurrency market right now and I wanted to finally give my perspective on that. This presentation is very needed, considering how many new people I see coming into cryptosphere right now. And almost all of them have no clue on what cryptocurrency is, they only have the need to spend some money on onecoins and other scam projects. So, in this presentation I mention only legit coins I am acquainted with, so at least those cryptocurrencies are investment-friendly. Still, prior to investing, conduct your own research and be ready to lose all the money you have put into the crypto projects. Before starting, I warn you that this presentation is not investment advice, it is an example of cryptocurrency portfolio.

As you know, there are three types of cryptocurrencies.

The first group functions as a currency exclusively.

It includes Bitcoin and its forks, such as Litecoin or dogecoin. They have no other functions, except for value transfer.

The second group has the ability to have distributed computations.

The main representation of distributed computing is Ethereum and its smart contracts. It has ability to run small pieces of software on all computers in the network. Waves is another blockchain which is only planning to implement smart contracts in its ecosystem, but I really like this project, so included it in the presentation. Storj and Golem are Ethereum-based DAPPS which will also run on many nodes at the same time.

Privacy coins. I guess, everybody now understands that Bitcoin is not that anonymous as it once was. That was the reason for privacy coins to appear on the cryptocurrency scene. They use different technologies to hide transactions, but the idea is the same across all of them. Protect the data about senders and receivers.

We have Zcash, which uses the technology of ZK-snarks, Monero, and DASH. The most successful one is DASH, at the moment. It has the best adoption, and the biggest capitalization. But do not forget here, that Ethereum also has the privacy function in its roadmap. The funny thing here is that corporations and companies need that feature in order to operate on public blockchain, so that competitors will not be able to trace transactions.

First of all, I need to mention one of the best cryptocurrency challenges that was conducted by Kraken digital assets exchange. I was impressed to see so many high-quality opinions on the question we, cryptocurrency community, like to ask ourselves.

What is better to hodl? Ethereum or Bitcoin?

So, Kraken and the Economist magazine conducted this Bitcoin versus Ethereum challenge. It even had some prize money.

MBA programs across USA participated in allocating $ 1 mln between ETH and BTC.

Of course, MBAs had to logically explain the distribution of funds.

Those two cryptocurrencies were chosen because they are expected to survive this 5 year investment horizon outlined in the challenge.

The results are undoubtedly can be used as a CryptoPortfolio example.

What were the results of this challenge? I feel like a lot of team members participating in the challenge, actively bought Ethereum and Bitcoin right after the competition. That is no surprise, anybody who conducted simple research on Bitcoin or Ethereum is almost always extremely hyped about the technology, which signals the dawn of the new digital assets era.

I created this graph to illustrate the choice among MBAs on distribution of ETH and BTC in theoretic CryptoPortfolio. As you can see, some teams took it to extreme by allocating 100% to Ethereum or allocating 91% to Bitcoin. I really liked that each team had its own research paper on Ethereum and Bitcoin and video presentation. If you want to get deeper into the rabbit-hole, you certainly have to check out the materials on Kraken blog.

So, average numbers are: Bitcoin 55%, and Ethereum at 45%. This is the recommended portfolio structure by MBAs across USA. What were the reasons for them to choose that particular number? Let’s find out.

First of all, Bitcoin is considered to be gold of cryptosphere. It is expected to grow step-by-step, without dramatic events. It is a safe long-term investment choice for many.

If Bitcoin chose evolution, Ethereum certainly picked revolution. That’s why Ethereum acts more like oil in the sense that its success is dependent on how utilized the blockchain will be. If the companies, users, and entrepreneurs will heavily use the network, it will be a success. If not, a failure. But we already see that ETH has reached 1/3 of Bitcoin’s daily transactions, so utilization is just a matter of time.

ETH and BTC are found to be uncorrelated in terms of price. That was another investment reason many teams of Kraken challenge have outlined. This leads to greater diversification of the portfolio.

Ethereum’s smart contracts feature, from the point of view of MBAs, can lead to greater adoption than Bitcoin.

Many MBAs said that Ethereum is expected to have much greater returns than Bitcoin. But that comes at a cost of security and other risks.

Here I should remind you that this is an example of my theoretical cryptocurrency portfolio. It is not investment advice. If I had money, I would put them in the following projects for longer than a year.

DASH, WAVES, Bitcoin, and Ethereum. The reasons I chose those cryptocurrencies? Wait a second.

This is the distribution of my 100 rubles across cryptos.

Let’s start with Dash. It is chosen because it seems like the best privacy coin to me. In terms of capitalization and general popularity. Its main target is mass adoption and it seems like it is getting things done. That’s pretty much it. The share in theoretical portfolio is not big, because I am not big believer in separate privacy coins, I believe in one currency that can do everything. Yes, that’s Ethereum.

Waves and Ethereum are platforms for crowdsales, that’s an advantage for me. I really think that such platforms have future, if not as a cryptocurrency, then as ICO platform. Another advantage of Waves is its team, I read the blog and participate in the Waves community, so I can see that there is a huge upside in terms of hard-working team, which delivers. Finally, Waves is going to bring smart contracts to its platform and I cannot wait to see how it will work. I hope that non-turing completeness will not greatly limit ability to write working smart contracts on Waves.

Bitcoin is the father of all blockchains, that’s why I invest in Bitcoin long-term.

Ethereum takes 60% share in my theoretical portfolio. Why? Because I do not simply believe in the project, I know that the Ethereum team will be able to resolve the problems their ecosystem will face. I have seen how they managed previous crisis situations, and I am absolutely sure that Ethereum’s complexity and the team are two biggest advantages of the blockchain. They not only aim at stars, they work hard for that each day. Thanks for watching, like and subscribe. Hope to see you in my next video. Bye, until the next time!

https://youtu.be/Yf9CORsWEJU

WHAT CRYPTOCURRENCY PORTFOLIO IS THE BEST

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. Many people asked me about the best investment options on cryptocurrency market right now and I wanted to finally give my perspective on that. This presentation is very needed, considering how many new people I see coming into cryptosphere right now. And almost all of them have no clue on what cryptocurrency is, they only have the need to spend some money on onecoins and other scam projects. So, in this presentation I mention only legit coins I am acquainted with, so at least those cryptocurrencies are investment-friendly. Still, prior to investing, conduct your own research and be ready to lose all the money you have put into the crypto projects. Before starting, I warn you that this presentation is not investment advice, it is an example of cryptocurrency portfolio.

As you know, there are three types of cryptocurrencies.

The first group functions as a currency exclusively.

It includes Bitcoin and its forks, such as Litecoin or dogecoin. They have no other functions, except for value transfer.

The second group has the ability to have distributed computations.

The main representation of distributed computing is Ethereum and its smart contracts. It has ability to run small pieces of software on all computers in the network. Waves is another blockchain which is only planning to implement smart contracts in its ecosystem, but I really like this project, so included it in the presentation. Storj and Golem are Ethereum-based DAPPS which will also run on many nodes at the same time.

Privacy coins. I guess, everybody now understands that Bitcoin is not that anonymous as it once was. That was the reason for privacy coins to appear on the cryptocurrency scene. They use different technologies to hide transactions, but the idea is the same across all of them. Protect the data about senders and receivers.

We have Zcash, which uses the technology of ZK-snarks, Monero, and DASH. The most successful one is DASH, at the moment. It has the best adoption, and the biggest capitalization. But do not forget here, that Ethereum also has the privacy function in its roadmap. The funny thing here is that corporations and companies need that feature in order to operate on public blockchain, so that competitors will not be able to trace transactions.

First of all, I need to mention one of the best cryptocurrency challenges that was conducted by Kraken digital assets exchange. I was impressed to see so many high-quality opinions on the question we, cryptocurrency community, like to ask ourselves.

What is better to hodl? Ethereum or Bitcoin?

So, Kraken and the Economist magazine conducted this Bitcoin versus Ethereum challenge. It even had some prize money.

MBA programs across USA participated in allocating $ 1 mln between ETH and BTC.

Of course, MBAs had to logically explain the distribution of funds.

Those two cryptocurrencies were chosen because they are expected to survive this 5 year investment horizon outlined in the challenge.

The results are undoubtedly can be used as a CryptoPortfolio example.

What were the results of this challenge? I feel like a lot of team members participating in the challenge, actively bought Ethereum and Bitcoin right after the competition. That is no surprise, anybody who conducted simple research on Bitcoin or Ethereum is almost always extremely hyped about the technology, which signals the dawn of the new digital assets era.

I created this graph to illustrate the choice among MBAs on distribution of ETH and BTC in theoretic CryptoPortfolio. As you can see, some teams took it to extreme by allocating 100% to Ethereum or allocating 91% to Bitcoin. I really liked that each team had its own research paper on Ethereum and Bitcoin and video presentation. If you want to get deeper into the rabbit-hole, you certainly have to check out the materials on Kraken blog.

So, average numbers are: Bitcoin 55%, and Ethereum at 45%. This is the recommended portfolio structure by MBAs across USA. What were the reasons for them to choose that particular number? Let’s find out.

First of all, Bitcoin is considered to be gold of cryptosphere. It is expected to grow step-by-step, without dramatic events. It is a safe long-term investment choice for many.

If Bitcoin chose evolution, Ethereum certainly picked revolution. That’s why Ethereum acts more like oil in the sense that its success is dependent on how utilized the blockchain will be. If the companies, users, and entrepreneurs will heavily use the network, it will be a success. If not, a failure. But we already see that ETH has reached 1/3 of Bitcoin’s daily transactions, so utilization is just a matter of time.

ETH and BTC are found to be uncorrelated in terms of price. That was another investment reason many teams of Kraken challenge have outlined. This leads to greater diversification of the portfolio.

Ethereum’s smart contracts feature, from the point of view of MBAs, can lead to greater adoption than Bitcoin.

Many MBAs said that Ethereum is expected to have much greater returns than Bitcoin. But that comes at a cost of security and other risks.

Here I should remind you that this is an example of my theoretical cryptocurrency portfolio. It is not investment advice. If I had money, I would put them in the following projects for longer than a year.

DASH, WAVES, Bitcoin, and Ethereum. The reasons I chose those cryptocurrencies? Wait a second.

This is the distribution of my 100 rubles across cryptos.

Let’s start with Dash. It is chosen because it seems like the best privacy coin to me. In terms of capitalization and general popularity. Its main target is mass adoption and it seems like it is getting things done. That’s pretty much it. The share in theoretical portfolio is not big, because I am not big believer in separate privacy coins, I believe in one currency that can do everything. Yes, that’s Ethereum.

Waves and Ethereum are platforms for crowdsales, that’s an advantage for me. I really think that such platforms have future, if not as a cryptocurrency, then as ICO platform. Another advantage of Waves is its team, I read the blog and participate in the Waves community, so I can see that there is a huge upside in terms of hard-working team, which delivers. Finally, Waves is going to bring smart contracts to its platform and I cannot wait to see how it will work. I hope that non-turing completeness will not greatly limit ability to write working smart contracts on Waves.

Bitcoin is the father of all blockchains, that’s why I invest in Bitcoin long-term.

Ethereum takes 60% share in my theoretical portfolio. Why? Because I do not simply believe in the project, I know that the Ethereum team will be able to resolve the problems their ecosystem will face. I have seen how they managed previous crisis situations, and I am absolutely sure that Ethereum’s complexity and the team are two biggest advantages of the blockchain. They not only aim at stars, they work hard for that each day. Thanks for watching, like and subscribe. Hope to see you in my next video. Bye, until the next time!

https://youtu.be/Yf9CORsWEJU

Ethereum price and why Ethereum will be bigger than Bitcoin

Good day everyone! It is CryptoPortfol.io project and my name is Dan. Today I want to give my thoughts and analysis of the reasons for Ethereum to overcome Bitcoin in terms of capitalization. The decision to make a review of this project was made by you, the subscribers of my telegram channel. I want to say thank you for participation and next time you will also be able to vote for my next video.

What is the reason for me to make a video about this price surge? Well, I simply wanted to give you my 5 cents on the fundamental advantages of Ethereum which predicted this dramatic price increase. Still, do not forget that Ethereum growth is paid by Ethereum complexity and bugs are inevitable, so invest the money you are ready to loose. Let’s move on.

Let’s start with news. As we know, news agencies can be right about something only if that something has already happened and news report only the facts. Let’s see what those crypto news sites cherry picked as the reasons for recent price surge

First, it is all about the congestion of Bitcoin network. Users looking for ways to transfer money start choosing other crypos, and it is no surprise that their choice is Ethereum. In Bitcoin, if you try to transfer 1 million dollars then the transaction fees will be bearable, buuut if you try sending 5 dollars, be ready for miners to eat your transaction or, if you don’t want to pay that much, you will have to wait for more than 12 hours until the transaction will be mined. As you know, at least now, such situations are impossible in ETH. Whatever you send, the fee is low and adjustable.

Second, as Steve Balmer’s famous Microsoft Presentation stated “developers,developers, developers”. There is a huge amount of existing and coming ICOs on Ethereum. And all projects need what cryptocurrency? Right, ether. And in order to invest you need ether. There are already more than 370 projects on Ethereum blockchain and this number is changing everyday. Developers and Ethereum protocol will play the most important roles in Ethereum price increase.

News sites usually like to attack Ethereum, especially coindesk which is controlled by Barry Silbert (who is also known as Barry Shillbert). Nobody cared about Ethereum until we put on the metamask.

In short, what are the reasons for the price surge?

Convenience goes first. Send money anywhere, any amount with very low fees.

Inflation rate is another Ethereum advantage. I’ll expand on this a little later.

Corporate attention is one of the biggest reasons. If you are not aware about it, yet, simply watch my video “What is Enterprise Ethereum and why it is important”. May be, it is a possibility, that ethers are being bought by corporations right now, but I don’t have 100% proofs so I will not speculate on it.

Price discovery is the reason because we simply are unable to measure the possible future price for ETH or any other crypto. But I think we are able to somehow compare existing numerical data and find approximate future price of ETH. Everything depends on demand and supply. And I’ll cover it a little bit later in this presentation.

Value transfer is the biggest contributor to Ethereum capitalization right now. All the projects on Ethereum and ICOs on Ethereum and only ethers are accepted. That is pretty much it.

And now I want you to see how much will ETH cost when Ethereum will reach Bitcoin capitalization. Assuming that there is going to be 90 million ethers, the price for one ether will be about 200 dollars which is 5 times bigger than the price right now. The capitalization is going to be 19 billion dollars. And when you think about cryptosphere you understand that in realty, there is not a lot of buyers and sellers, so I think that when the time is right, we will observe huge growth of capitalization across all cryptocurrencies. Everything is possible , especially such things as Ether overtaking Bitcoin in one year. But, again, anything can happen, so be prepared for Ether moving in any direction this year. By the way, this table you see on this page Is incomplete, it shows only the last time periods. If you want to see all the time periods, you should check out my telegram channel where I uploaded the excel file with all the time periods and projections of capitalization and price.

https://t.me/cryptoportfolio/134

Let’s project the value of generic ETH portfolios. But basically, the more you have now, the bigger your portfolio in USD terms will be later. For example, if you have 25 ethers right now, you will have 5250 dollars when Ethereum will overtake Bitcoin. If you posess more than 250 ETH, you will have 52 500 USD. And if you are a lucky guy who have more than 1000 ethers, your portfolio will be bigger than 200 000 USD. Anyway, do not look at this as an investment advice, it is simple projection of ETH price when we overtake Bitcoin’s capitalization.

In any case, Ethereum’s future is bright even if we do not reach certain capitalizations within a year. Again, if you want the whole Excel file, just download it from my telegram channel.

How can we evaluate the price of ETH? To be honest, it is impossible to do, because it is absolutely new type of asset which needs time to figure out its true fair value. But we can try.

What is the quantitative data that will determine the ETH price?

Number of transactions. ETH already has 1/3 of Bitcoin transactions. Does it mean that ETH should already have 1/3 of Bitcoin capitalization? May be. It would place ETH at 5 billion USD which is close to current ETH valuation. It is very possible that number of transactions will be the crucial part of ETH valuation.

Then we have number of companies that work on public chain. Unfortunately, this data is hard to obtain but I guess in future it will be more accessible.

Then the trading volume of ETH. It is certainly not the best indicator, but it is an important indicator. It shows demand for cryptocurrency.

Finally, DAPPS that actually work. I think it has direct connection with number of transactions. But also, DAPPS collect money from investors. And this flow is going from fiat to ethers which is healthy for price increase.

Then, What are the assets, the value of which can be absorbed by Ethereum?

Gold. Is it possible? Not, it is not, but Ethereum has such characteristics as Gold which is :limited supply, scarcity, and it is valuable to people. And do not forget that gold is valued are 7 trillion dollars worldwide. It is a huge incentive to hold more ether for a long time period.

Payment mechanism. Visa’s capitalization is more than 200 bln USD but, at the same time, it can process much bigger amount of transactions at a faster pace. Ehtereum’s scalability solutions and mass adoption could boost Ether price to numbers exceeding 3 zeros at the end.

Then, this is the most interesting part. The currency. Will ETH become one? It certainly already has reached capitalization of some African countries but when will we achieve capitalization of developed nations? This will haunt us in our sleep because in this case even one ether holder can become a millionaire.

Financial instruments. Will ETH absorb value from financial instruments? It is hard to imagine but is still possible. We will see.

Why inflation rate is important for every ETH holder? Because the value of our portfolios will evaporate if the inflation is too high. This is the reason everybody likes cryptocurrencies. They promise the inexistence of high inflation that makes you poorer and your 100 dollar bill less valuable each month.

Vitalik and the Ethereum team promised to curb inflation and make it as small as possible under Proof of stake protocol which will stop the creation of new ethers at 100 million ethers supply.

When should we expect POS to take place? By the end of 2017.

Remember to invest wisely and do not forget that sometimes it is much better to hold than to trade.

Bye until the next time!

https://youtu.be/FBc04MZZPqY

Ethereum price and why Ethereum will be bigger than Bitcoin

Good day everyone! It is CryptoPortfol.io project and my name is Dan. Today I want to give my thoughts and analysis of the reasons for Ethereum to overcome Bitcoin in terms of capitalization. The decision to make a review of this project was made by you, the subscribers of my telegram channel. I want to say thank you for participation and next time you will also be able to vote for my next video.

What is the reason for me to make a video about this price surge? Well, I simply wanted to give you my 5 cents on the fundamental advantages of Ethereum which predicted this dramatic price increase. Still, do not forget that Ethereum growth is paid by Ethereum complexity and bugs are inevitable, so invest the money you are ready to loose. Let’s move on.

Let’s start with news. As we know, news agencies can be right about something only if that something has already happened and news report only the facts. Let’s see what those crypto news sites cherry picked as the reasons for recent price surge

First, it is all about the congestion of Bitcoin network. Users looking for ways to transfer money start choosing other crypos, and it is no surprise that their choice is Ethereum. In Bitcoin, if you try to transfer 1 million dollars then the transaction fees will be bearable, buuut if you try sending 5 dollars, be ready for miners to eat your transaction or, if you don’t want to pay that much, you will have to wait for more than 12 hours until the transaction will be mined. As you know, at least now, such situations are impossible in ETH. Whatever you send, the fee is low and adjustable.

Second, as Steve Balmer’s famous Microsoft Presentation stated “developers,developers, developers”. There is a huge amount of existing and coming ICOs on Ethereum. And all projects need what cryptocurrency? Right, ether. And in order to invest you need ether. There are already more than 370 projects on Ethereum blockchain and this number is changing everyday. Developers and Ethereum protocol will play the most important roles in Ethereum price increase.

News sites usually like to attack Ethereum, especially coindesk which is controlled by Barry Silbert (who is also known as Barry Shillbert). Nobody cared about Ethereum until we put on the metamask.

In short, what are the reasons for the price surge?

Convenience goes first. Send money anywhere, any amount with very low fees.

Inflation rate is another Ethereum advantage. I’ll expand on this a little later.

Corporate attention is one of the biggest reasons. If you are not aware about it, yet, simply watch my video “What is Enterprise Ethereum and why it is important”. May be, it is a possibility, that ethers are being bought by corporations right now, but I don’t have 100% proofs so I will not speculate on it.

Price discovery is the reason because we simply are unable to measure the possible future price for ETH or any other crypto. But I think we are able to somehow compare existing numerical data and find approximate future price of ETH. Everything depends on demand and supply. And I’ll cover it a little bit later in this presentation.

Value transfer is the biggest contributor to Ethereum capitalization right now. All the projects on Ethereum and ICOs on Ethereum and only ethers are accepted. That is pretty much it.

And now I want you to see how much will ETH cost when Ethereum will reach Bitcoin capitalization. Assuming that there is going to be 90 million ethers, the price for one ether will be about 200 dollars which is 5 times bigger than the price right now. The capitalization is going to be 19 billion dollars. And when you think about cryptosphere you understand that in realty, there is not a lot of buyers and sellers, so I think that when the time is right, we will observe huge growth of capitalization across all cryptocurrencies. Everything is possible , especially such things as Ether overtaking Bitcoin in one year. But, again, anything can happen, so be prepared for Ether moving in any direction this year. By the way, this table you see on this page Is incomplete, it shows only the last time periods. If you want to see all the time periods, you should check out my telegram channel where I uploaded the excel file with all the time periods and projections of capitalization and price.

https://t.me/cryptoportfolio/134

Let’s project the value of generic ETH portfolios. But basically, the more you have now, the bigger your portfolio in USD terms will be later. For example, if you have 25 ethers right now, you will have 5250 dollars when Ethereum will overtake Bitcoin. If you posess more than 250 ETH, you will have 52 500 USD. And if you are a lucky guy who have more than 1000 ethers, your portfolio will be bigger than 200 000 USD. Anyway, do not look at this as an investment advice, it is simple projection of ETH price when we overtake Bitcoin’s capitalization.

In any case, Ethereum’s future is bright even if we do not reach certain capitalizations within a year. Again, if you want the whole Excel file, just download it from my telegram channel.

How can we evaluate the price of ETH? To be honest, it is impossible to do, because it is absolutely new type of asset which needs time to figure out its true fair value. But we can try.

What is the quantitative data that will determine the ETH price?

Number of transactions. ETH already has 1/3 of Bitcoin transactions. Does it mean that ETH should already have 1/3 of Bitcoin capitalization? May be. It would place ETH at 5 billion USD which is close to current ETH valuation. It is very possible that number of transactions will be the crucial part of ETH valuation.

Then we have number of companies that work on public chain. Unfortunately, this data is hard to obtain but I guess in future it will be more accessible.

Then the trading volume of ETH. It is certainly not the best indicator, but it is an important indicator. It shows demand for cryptocurrency.

Finally, DAPPS that actually work. I think it has direct connection with number of transactions. But also, DAPPS collect money from investors. And this flow is going from fiat to ethers which is healthy for price increase.

Then, What are the assets, the value of which can be absorbed by Ethereum?

Gold. Is it possible? Not, it is not, but Ethereum has such characteristics as Gold which is :limited supply, scarcity, and it is valuable to people. And do not forget that gold is valued are 7 trillion dollars worldwide. It is a huge incentive to hold more ether for a long time period.

Payment mechanism. Visa’s capitalization is more than 200 bln USD but, at the same time, it can process much bigger amount of transactions at a faster pace. Ehtereum’s scalability solutions and mass adoption could boost Ether price to numbers exceeding 3 zeros at the end.

Then, this is the most interesting part. The currency. Will ETH become one? It certainly already has reached capitalization of some African countries but when will we achieve capitalization of developed nations? This will haunt us in our sleep because in this case even one ether holder can become a millionaire.

Financial instruments. Will ETH absorb value from financial instruments? It is hard to imagine but is still possible. We will see.

Why inflation rate is important for every ETH holder? Because the value of our portfolios will evaporate if the inflation is too high. This is the reason everybody likes cryptocurrencies. They promise the inexistence of high inflation that makes you poorer and your 100 dollar bill less valuable each month.

Vitalik and the Ethereum team promised to curb inflation and make it as small as possible under Proof of stake protocol which will stop the creation of new ethers at 100 million ethers supply.

When should we expect POS to take place? By the end of 2017.

Remember to invest wisely and do not forget that sometimes it is much better to hold than to trade.

Bye until the next time!

https://youtu.be/FBc04MZZPqY

Melonport vs ICONOMI comparison (MLN tokens, ICN tokens)

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. Many investors nowadays see a lot of similar projects coming to ICO stage. The problem of understanding the differences arises. And I want to take the responsibility of explaining those differences. Right now, we have two major players on digital assets management sphere in the form of ICONOMI and Melonport, both conducted successful ICOs, both listed on digital exchanges. Let’s try to compare them and find the best one.

In terms of money collected, the definite winner is ICONOMI, but bear in mind, that Melonport will have its second coin offering approximately in the beginning of 2018 and by then, the price can go much higher for one token.

Melonport has collected 227 000 of ethers during its ICO, it was the only cryptocurrency the project accepted. ICONOMI was able to secure 200 000 of ethers.
Again, Melonport accepted only ethers, so bitcoins were off the table. ICONOMI also was able to collect 6 900 bitcoins and that’s not all.

Also, ICONOMI collected 4 mln LISK, 2,5 mln EUR, and 123 000 of USD.

The supply of coins in Melonport is limited to 1 250 000 melons, but the system has incentivization program which will reward module creators by distributing inflationary MLN tokens. The inflation rate is unknown, but it is known that inflationary tokens will be distributed according to the module usage (the more investors use module, the more MLN tokens will be distributed to module creators). ICONOMI limited its tokens to 100 mln ICNs.

At the moment, the investors of Melonport have 500 000 Melons, ICONOMI investors received 85 mln ICN tokens during the ICO.

So, Melonport investors now have about 40% of all MLN tokens, there will be second coin offering which will distribute another 500 000 Melons, and the final % owned by investors will stand at 80%. On the other hand, ICN investors received 85% of all tokens.

The capitalization of Melonport at the moment of video recording stands at $ 22 mln, while ICONOMI has capitalization of $42 mln. What about the ICO terms?

Nothing is of particular interest about the ICO terms of Melonport or ICONOMI. Still, let’s cover this point.

Melonport saved for its team and other interested parties 20% of all tokens, 40% of all tokens distributed to investors. Other 40% will be distributed during next offering in 2018. No bonuses here.

ICONOMI conducted ICO with bonus periods, standard ICO. 85% of tokens to investors, 15% to team and interested parties.

Let’s summarize the ICO results by Melonport and ICONOMI.

Melonport has collected $ 3 mln worth of ethers while ICONOMI has collected $ 10 mln worth of coins and fiat.

Melonport is considered to be a decentralized digital assets management platform while ICONOMI is considered to be more of a centralized platform.

ICO of Melonport was conducted without bonus periods. ICONOMI had bonus weeks.

Right now, Melonport is valued on different digital exchanges at $22 mln, ICONOMI is valued at $40 mln.

The differences were outlined by Daniel Zakrisson, check out his blog post on medium.

The first difference is technology. In case of ICONOMI it is centralized, while in the case of Melonport, it is decentralized. ICONOMI uses a traditional web application approach to build its digital assets management platform. Since similar web services have been built before (in traditional markets), this approach is much more predictable in terms of development work, technology and architectural design choices, costs etc. Melonport has advantages and disadvantages which are associated with decentralized systems. As you know, the blockchain-based businesses are not that researched, so Melonport will have to experience a lot of problems and be able to solve them firsthand.

What about performance? Of course, due to Melonport’s complete reliance on blockchain, there is going to be limitations when we talk about speed of the system. It is limited by number of transaction which are included in block, it is limited by the time it takes until next block is mined. Thanks god, it is a solvable problem which is going to be tackled by state channels (Raiden network). Raiden network is going online in the near future, so we hope for the successful adoption by Melonport and other Ethereum-based projects. ICONOMI will use the proven technologies which are fast and quite convenient, but centralized. So it is important not to forget about the single point of failure problem.

Melonport’s security will depend on many things which are reliant on how good the blockchain and smart contracts are. First, it must be mentioned that writing perfect smart contract is like coding the Soyuz rocket to International Space Station. Yes, it is that hard, but thanks God, it looks like Ethereum community is slowly bringing standardization of smart contracts, lowering the potential of bugs in them. Every project now has some kind of a check from well-known companies or persons in Ethereum. Another problem of Melonport’s complete reliance on Ethereum is the upgradability of smart-contracts, it is tough. But, the advantage here is that if the smart contract is good, it will exist as long as the blockchain itself not having a single problem. ICONOMI is centralized in security terms, it has advantage in the form of knowing potential risks and having ways of dealing with them. The problem here is the single point of failure, as always in centralized systems.

Of course, when we talk about the rolling out of the platform, Melonport will have to spend more time on its platform than ICONOMI. Also, Melonport will rely heavily on the modules of the 3rd parties, which will provide market information modules, fees modules, exchanges modules, etc. At the same time, ICONOMI has ability to adopt and upgrade much faster. But what platform is better? It is up to you to decide. Thanks for watching! Bye, until the next time!

https://youtu.be/u9Z8CJikxyU

Melonport vs ICONOMI comparison (MLN tokens, ICN tokens)

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. Many investors nowadays see a lot of similar projects coming to ICO stage. The problem of understanding the differences arises. And I want to take the responsibility of explaining those differences. Right now, we have two major players on digital assets management sphere in the form of ICONOMI and Melonport, both conducted successful ICOs, both listed on digital exchanges. Let’s try to compare them and find the best one.

In terms of money collected, the definite winner is ICONOMI, but bear in mind, that Melonport will have its second coin offering approximately in the beginning of 2018 and by then, the price can go much higher for one token.

Melonport has collected 227 000 of ethers during its ICO, it was the only cryptocurrency the project accepted. ICONOMI was able to secure 200 000 of ethers.
Again, Melonport accepted only ethers, so bitcoins were off the table. ICONOMI also was able to collect 6 900 bitcoins and that’s not all.

Also, ICONOMI collected 4 mln LISK, 2,5 mln EUR, and 123 000 of USD.

The supply of coins in Melonport is limited to 1 250 000 melons, but the system has incentivization program which will reward module creators by distributing inflationary MLN tokens. The inflation rate is unknown, but it is known that inflationary tokens will be distributed according to the module usage (the more investors use module, the more MLN tokens will be distributed to module creators). ICONOMI limited its tokens to 100 mln ICNs.

At the moment, the investors of Melonport have 500 000 Melons, ICONOMI investors received 85 mln ICN tokens during the ICO.

So, Melonport investors now have about 40% of all MLN tokens, there will be second coin offering which will distribute another 500 000 Melons, and the final % owned by investors will stand at 80%. On the other hand, ICN investors received 85% of all tokens.

The capitalization of Melonport at the moment of video recording stands at $ 22 mln, while ICONOMI has capitalization of $42 mln. What about the ICO terms?

Nothing is of particular interest about the ICO terms of Melonport or ICONOMI. Still, let’s cover this point.

Melonport saved for its team and other interested parties 20% of all tokens, 40% of all tokens distributed to investors. Other 40% will be distributed during next offering in 2018. No bonuses here.

ICONOMI conducted ICO with bonus periods, standard ICO. 85% of tokens to investors, 15% to team and interested parties.

Let’s summarize the ICO results by Melonport and ICONOMI.

Melonport has collected $ 3 mln worth of ethers while ICONOMI has collected $ 10 mln worth of coins and fiat.

Melonport is considered to be a decentralized digital assets management platform while ICONOMI is considered to be more of a centralized platform.

ICO of Melonport was conducted without bonus periods. ICONOMI had bonus weeks.

Right now, Melonport is valued on different digital exchanges at $22 mln, ICONOMI is valued at $40 mln.

The differences were outlined by Daniel Zakrisson, check out his blog post on medium.

The first difference is technology. In case of ICONOMI it is centralized, while in the case of Melonport, it is decentralized. ICONOMI uses a traditional web application approach to build its digital assets management platform. Since similar web services have been built before (in traditional markets), this approach is much more predictable in terms of development work, technology and architectural design choices, costs etc. Melonport has advantages and disadvantages which are associated with decentralized systems. As you know, the blockchain-based businesses are not that researched, so Melonport will have to experience a lot of problems and be able to solve them firsthand.

What about performance? Of course, due to Melonport’s complete reliance on blockchain, there is going to be limitations when we talk about speed of the system. It is limited by number of transaction which are included in block, it is limited by the time it takes until next block is mined. Thanks god, it is a solvable problem which is going to be tackled by state channels (Raiden network). Raiden network is going online in the near future, so we hope for the successful adoption by Melonport and other Ethereum-based projects. ICONOMI will use the proven technologies which are fast and quite convenient, but centralized. So it is important not to forget about the single point of failure problem.

Melonport’s security will depend on many things which are reliant on how good the blockchain and smart contracts are. First, it must be mentioned that writing perfect smart contract is like coding the Soyuz rocket to International Space Station. Yes, it is that hard, but thanks God, it looks like Ethereum community is slowly bringing standardization of smart contracts, lowering the potential of bugs in them. Every project now has some kind of a check from well-known companies or persons in Ethereum. Another problem of Melonport’s complete reliance on Ethereum is the upgradability of smart-contracts, it is tough. But, the advantage here is that if the smart contract is good, it will exist as long as the blockchain itself not having a single problem. ICONOMI is centralized in security terms, it has advantage in the form of knowing potential risks and having ways of dealing with them. The problem here is the single point of failure, as always in centralized systems.

Of course, when we talk about the rolling out of the platform, Melonport will have to spend more time on its platform than ICONOMI. Also, Melonport will rely heavily on the modules of the 3rd parties, which will provide market information modules, fees modules, exchanges modules, etc. At the same time, ICONOMI has ability to adopt and upgrade much faster. But what platform is better? It is up to you to decide. Thanks for watching! Bye, until the next time!

https://youtu.be/u9Z8CJikxyU

How to evaluate ICOs and spot SCAMS

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. During this presentation I will cover the most important points during the ICO evaluation. After watching this, you will be able to understand which projects are investment-friendly and which are scams.

What are the main red flags which you have to check before investing? I will expand on each point on a different slide.

Team.

Whitepaper.

Business idea and roadmap.

Token characteristics.

Competition.

Working prototype.

The first thing you should check is TEAM. Why so? The team is 50% of the success. Depending on how hardworking, experienced, determined they are, the probability of success changes.

First thing is open identities. It is very important that they show their faces and the social networks. Thieves will never do that in the fear that they will be found and punished by the hands of investors. Also, it is very important that the project has videos with the founders which are explaining the ICO. Or interviews with developers. By doing that, they create trust between investors and themselves.

Experience is also an important part, but here you can be less judgmental. In the end, all that matters is determination and how good the working prototype is, but we will cover it later.

The second thing you check is the whitepaper. Yes, you have to read it from the beginning until the end.

You have to check whether it has a solution to some existing problem in details. This is the most important part, because if the project doesn’t solve any problem, then why should we even think about investing in it? If we add blockchain to any existing business, it doesn’t mean that this business will thrive because of it, remember that.

In whitepaper you have to check that the “water” sentences are absent. Only the essence is shown.

Good whitepaper also needs to have economic and market data, so that investors will understand which market are going to be penetrated with the suggested product.

The best whitepapers have code in it. The code of smart contracts or/and technical details of the platform architecture.

What else is very important? The main business idea.

It has to be economically feasible, logical, and attractive. If those three parameters are not met, close the ICO site and forget about it.

The team has certain economic numbers in place which tell you how much will be spend on certain things in order to achieve the main goals.

The project needs to have a roadmap which is adequate and logical. And feasible. In my opinion, it is good that projects need certain dates of plan implementation, so that investors will know approximate time of plan execution even if the founders will not be able to be on time.

Do not forget that the main figure during the business idea evaluation is you. You need to take time and spend it on researching of the market.

Competition is important. The more competitors, the worse your opportunity of gaining some market.

Usually, projects have to give you an idea of existing inefficient competitors which do not use the blockchain technology. And you have be assured that the usage of this technology actually improves something in the business.

You need to check other blockchain-based competitors and understand the differences. For example, now we have Gnosis against Augur, and Melonport against ICONOMI. You need to see that there is actually a place for the project you want to invest in.

Ability to compete is another thing. Tell me, is it possible that your project will be able to compete with a huge monopoly? Check out my video on the ICO review of Lunyr.

Remember, if the project has something to show in terms of a product, that’s not good, that’s perfect. Those projects are the best ones which go to ICO stages.

There should be a working prototype which can be somehow used by you or shown by developers.

Or, there should be a lot of work done in prior to ICO, it adds additional points to the project.

And you have to see that the project is actually competitive and usable. Or at least it looks like it will be competitive in the future.

Token characteristics are vital when you come to the final evaluation step of the ICO. But do it only if all other parameters are met.

First, check if the project has inflation. I do not like this kind of projects because they drain the value out of your tokens by creating new tokens. We are in crypto space because we are afraid of Central Banks creating more money so that our existing money is evaporated.

Then check how many tokens will be distributed by developers. And check how they are going to do it, so you do not stumble upon another modified Dutch Auction like in Gnosis. 70% is good, 80% is even better, but developers always have to save some for themselves so they have incentives for the ecosystem to grow in capitalization.

Inner value is another consideration. It is much better If the token can be used in the project ecosystem. Do you know why?

Legal problems. Yes, check it too. Because, believe me, you do not want Securities and Exchange commission to be after your ass.

Thanks for watching, be safe in this turbulent Initial Coin Offering space. Like and subscribe are highly appreciated! Bye, until the next time!

https://youtu.be/ILVyIQ9qFXE

Gnosis vs Augur comparison (REP tokens, GNO tokens)

Good day EVERYONE. This is CryptoPortfolio project and my name is DAN. Right now we have two projects which are going to exploit one of the biggest markets which are based on smart contracts of the Ethereum ecosystem. Recently Gnosis made news selling its coins, using strange ICO mechanism. Do you want to know how Augur sold its coins in 2015? Do you want to know what are the main differences in economic terms and in terms of functionality? I do, so let’s check this out!

What were the ICO results for Augur and for Gnosis? This is going to be the first question I will answer in my video.

As you know Gnosis collected 250 000 ethers. But the Augur at the time of ICO, collected more than one million. Sit tight, we are in for a hell of a ride here.

Augur collected not only ethers, but also Bitcoins. They got 18 thousand bitcoins. While Gnosis accepted only ethers.

Now you can see USD equivalents of the coins the projects collected. OF course, the exchange rate is as of today.

The Augur has 11 million REP coins, and there is going to be no inflation. Gnosis team has created 10 million. And we are very close to the most interesting numbers.

Amount of coins which are possessed by investors. Augur sold 8 800 000 REP tokens from 11 000 000 tokens, while Gnosis, using their cool new ICO mechanism, sold 416 666 GNO tokens from 10 000 000 GNOs which will be in existence. What about percentage?

Augur investors hold 80% of tokens while Gnosis investors have 4,17% of all tokens. I will tell you the reason why later.

The capitalization of Augur on the markets is about $141 mln. And the capitalization of Gnosis, if we use the pricing during ICO and divide numbers appropriately, is…

$ 300 mln. Let that sink in.

Augur’s ICO was quite standard. Usual 5-day bonus, then the decrease of the bonus and so on. The investors received 80% of tokens during the crowdsale. While Gnosis made things more complicated.

Gnosis has adopted the so-called modified Dutch auction model. This ICO mechanism makes it very expensive to buy tokens in the first days of the crowdsale. And super very expensive in the first hour. And guess what, everything was bought out in the first 15 minutes. Basically, the longer the ICO takes time, the more tokens investors will get for less price. But investors were crazy about this project so due to this nonsense, valuation of Gnosis right now is 300 000 000 USD. I also believe one of the benefits of being an early buyer in the Gnosis ICO was that you could go to Consensys and have them slap you in the face while they take your money. Let’s continue.

Just want to summarize the economic differences between the projects.

Augur is a holder of about 90 million USD. Can you believe that? With the capitalization of 140 million USD, it seems that the “premium” for Augur ( that is cap minus moneybag ) is 50 million USD. While Gnosis has now 14 million USD in ethers.

In my opinion, both moneubags will grow even more in the future, but Augur has diversification in Bitcoin.

The ICO terms for Gnosis were misleading. To be honest, I didn’t understand them on their site, so I had to read their slack to comprehend the modified Dutch auction model. So I am kind of sorry for the investors, can relate to them.

Augur is 140 million USD in capitalization (but do not forget that their moneybag is 90 million USD, which leaves 50 million USD as the real capitalization) and the artificial capitalization of Gnosis is 300 000 000 USD.

Now we have come to the part with the actual functional differences between the projects. I will not cover it in great detail, but if you will want more details, check the medium post by Alexey Akhunov. This table is based on his work.

So both team have a couple of years of experience. They have been researching and creating prediction market for quite a while. The teams are really strong and professional. Gnosis is also helped by Consensys company.

The platforms will have 3 types of events. Binary, which is yes or no. Categorical, where there are multiple outcomes. Finally, Scalar, where there is going to be an upper boundary and lower boundary defined for an event. Augur will use ETH as a collateral during bets, while Gnosis will allow other tokens to be used as a collateral. Outcome tokens on Augur will be limited to the platform, while Gnosis will allow to trade those outcome tokens elsewhere.

During the creation of a new market, users in Augur ecosystem can set up the prices while Gnosis users are going to use services of a market maker contract. This contract will choose the price automatically.

Logarithmic price scaling is experimented with, but the usage is uncertain.

Both platforms will integrate state channels and improve the speed of transactions. And hopefully it happens before the Proof of Stake transition.

Oracle backstop is basically the ability to resolve the outcomes which are challenged by users. Augur has the REP holders, who will be the final fortress against manipulation, while Gnosis has ETH-based system in place.

https://youtu.be/8bWYJXhc0Sc

ICO Review of : Gnosis (GNO and WIZ tokens) by CryptoPortfolio

Good day EVERYONE. This is cryptoportfolio project and my name is DAN. Today we will look into the ICO of Gnosis. The review of this project became possible thanks to you, subscribers of my telegram channel. If you want to know how many votes other projects have accumulated, click the telegram link under the video.

The team consists of experienced cryptoenthusiasts who are also a part of Consensys company. If you didn’t know, Consensys is an entity which helps with the adoption of Ethereum and is thought to be one of the most respected companies in the Ethereum sphere and blockchain sphere as a whole.

BTW, Gnosis has a board which consists of Joseph Lubin, Ceo of Consensys, and Jeremy Millar, founder of Enterprise Ethereum alliance, and Gnosis team members. They will be responsible for the movement of your funds. Also, the multisignature wallet will be used as a second protective layer so the funds will not be stolen or used inappropriately.

What is the main idea of Gnosis?

To be a platform where 3rd party developers create prediction market applications. To provide oracles and accept different centralized and decentralized oracles on the blockchain.

Gnosis is going to use modified Dutch auction during its ICO. I will expand on this point on a different slide.

Gnosis is aiming to be a platform. This is going to be a platform which gives opportunity for other people to build their betting applications on gnosis technology. This way Gnosis will be able to diversify revenue streams for GNO token holders.

One of the main tasks of the team is to lower the barriers for the non-technical persons. This way they hope to improve adoption.

The whole ecosystem will be based on oracles and two tokens. WIZ or wisdom, and GNO. We will cover it later on the other slide.

So what kinds of applications are we going to see on Gnosis platform?

First kind of applications is Financial instruments. For example, you can bet on the financial results of big companies in 3rd quarter.

Then we have insurance. You are able to bet on different catastrophes.

Also, we have information. This is where insiders are able to make bets on the performance of, for example, companies. Another usage here is the price discovery of pieces of art. Before an auction you can bet on the price of a picture.

Another thing is governance. It gives ability to vote for the decision which will lead to some particular target. For example, organization must take a decision on which policy to implement in order to maximize future welfare and the market can help with that by voting.

Sports betting is a huge industry which is another market for Gnosis platform. Any type of bet is possible on the site.

Gnosis has 4 layers.

All of them are on Ethereum blockchain.

Then goes Gnosis core layer.

Gnosis services layer.

Finally, Application layer. Let’s take a close look into the final two layers.

Gnosis services layer consists of 3 main components. Oracles, which provide information to the platform. Futarchy, which gives a chance to use that feature. And state channels, which will make the whole ecosystem work much faster (Check out Raiden network site).

Application layer has three components. Insurance, information sales, and betting. That’s pretty much it, let’s move further.

The platform already has something to show.

I have to admit that possible implementations on top of Gnosis can look real slick and interesting. Having the prototypes of working applications is always very important and Gnosis team wants to show that. Check out the gnosis site to see more.

Market is always very important when you want to create a start up. That’s why I really like when projects put market information into their whitepaper. But this info I found myself.

Here is the distribution of gambling industry in the world. As you can see, the market we are interested in is Betting.

The whole gambling market exceeds $452 bln. Betting takes 37% share in 2016.

It is expected that betting market is going to grow in comparison to other markets more dynamically and it will reach 41% in 2020.

Existing market players, like William Hill, are centralized and lacking the advantages of decentralized prediction market. For example, speed, ability not to rely on centralized storage of gambling sites, low fees, etc.

Gnosis is really able to bring innovation and make betting market more competitive and fair.

Another interesting thing about gnosis is its ICO token distribution. It is very strange.

As you can see, late participation is more fruitful in terms of tokens received for investors. If the tokens are bought in the first day, it means that all participants will be given less than 5% of all GNO tokens, while developers will be given 95%. This is the biggest problem of the coming ICO. Many people point out that this system is strange and should have been changed, but the developers made it clear that this way the price will be more market-based.

So, the system used is called modified Dutch auction.

It means that late investors will benefit more than if the cap of 12.5 mln dollars reached on the first day.

So, the finalization of ICO happens if the Gnosis receives 12,5 mln dollars or 9 mln tokens are sold.

Unsold tokens will be in the hands of the Gnosis team. By the way, the Gnosis team will have 10% of 10 mln tokens in any way.

There are multiple ways of using GNO token for different people.

Investors are able to buy and hold tokens and claim profits. But also they are able to insert their tokens into a smart contract for 30 to 365 days and get WIZ tokens which are going to be native Gnosis currenc. One WIZ token will equal 1 USD.

Players are going to choose between ETH,BTC, and WIZ to bet on something.

Developers are going to create application on top of Gnosis platform, making ecosystem more popular.

Let’s sum up. GNO tokens can be put into a smart contract and you can get WIZ tokens from it.

When you lock your GNO tokens, 30% of WIZ tokens will be given instantly while other 70% will be distributed during the lock period. By the way, GNO tokens will return to you by the end of the lock period.

WIZ is going to be the main currency while BTC and ETH also will be accepted.

Fees paid inside the network will be locked in smart contract. As a GNO token holder you will be able to submit a bid to receive profit.

What are the advantages?

Gnosis is already operational. There are working markets and the team is very experienced and motivated.

Platform will concentrate more on attracting developers. That leads to bigger and better diversification of revenue streams.

There are no pre-sale or bonus days. I really do not like projects which base their ICO on how soon you discovered them on the internet. That attitude should change towards more stable price during the whole ICO period.

GNO tokens will be actively used inside the system. This way this ICO certainly will not be a financial instrument in the eyes of Securities and Exchange commission.

What about disadvantages? The modified Dutch auction!

Ethereum blockchain may fail.

https://www.youtube.com/watch?v=-qP3-YeztF8