Sentivate, Viat, and a developer Q&A with Thomas Marchi

What is it?

In their own words, “Sentivate is a hybrid web built to be a viable & realistic replacement for the modern web. Designed to be faster, safer, & more scalable than any centralized web or decentralized web.”

On to the token…

SNTVT is an ERC-20 token that has been released as a placeholder for their eventual mainnet coin, VIAT. Once Viat launches, SNTVT tokens will be swapped for Viat in what is essentially a 1:1000 reverse-split , except in the fact that coin possession in no way implies ownership. This does change the token economics significantly, though, so I’ll try to break it down as best I can.

The max supply of SNTVT is 4.2 billion tokens. So the circulating supply of Viat will be around 4.2 million. The total eventual supply will only be 42 million, after that. Of course, everything else will also drop in relation to that — meaning Team & Adviser funds, currently totalling 1,050,000,000 SNTVT will then be 1,050,000 Viat.

All team & adviser funds are currently locked, and in all likelihood will not be released until after the Viat swap. I believe a vesting schedule is being discussed, although the current tax climate can complicate matters when you’re discussing a vesting cliff & long-term holding of a cryptocurrency. In addition, one of the advisers didn’t want to receive compensation, and so the team is looking to donate his portion to charity.

On to dev activity…

This review is a bit different from my previous ones. As my writing & review style gradually evolve, I try to think of new things that might add depth to these reviews. For this review, I’m examining dev activity versus another project in the space that claims to be solving some of the same problems, but in completely different ways. I also got a chance to address some of my initial concerns with dev/co-founder, Thomas Marchi. But we’ll get to that a bit later on.

For this comparison, I picked Nexus Earth because it’s a project I had glanced at before, and knew had been active in the space for quite a while. I also had a suspicion that it was either the overly-ambitious fantasy of a potential lunatic, or possibly something shadier. Regardless, I wanted to let the work speak for itself.

Now, if you’re looking strictly at commits, it almost seems like Nexus is really banging it out when compared to Sentivate. But Sentivate generally pushes out a handful of big commits at one time, while Nexus releases a flurry of small commits pretty regularly.

And this gets to why I really like it when projects are listed on Santiment . They make it easy to visualize dev activity, but unlike other Github analyzers, they remove worthless & forked commits from the equation — giving you a much clearer picture of actual work done.

A visual on dev activity is sometimes really helpful. Ask me about their social engagement trendline, sometime

I’d really like to see Sentivate added to their charted assets, but this time I have an actual developer (Sentivate’s Tom) I can consult on commits & code, and I’ll try to include links to resources backing up his statements. So that should give us a much clearer picture of what’s going on in the Github. Here’s a few of the problems he found, as he reviewed Nexus’ code.

Tom was also kind enough to provide a side-by-side comparison of code style & quality, shown below:

The left side is a sample from Sentivate, while the right is a sample from Nexus.

At this point I realized that there wasn’t enough time left before the sun burns out for Tom to tell me every problem that existed in Nexus’ code. Though, I’d wager he’ll be more than happy to try, if you ask him to. I still think it helps paint a pretty clear picture about the nature of “web 3.0” projects in cryptocurrency.

People paid an unconscionable amount of money for a project that is still delivering terrible code after previous valuation at a $100+mil market cap. This is one of the biggest issues in cryptocurrency, and one of the main reasons I’m trying to up my game as it pertains to reviewing fundamentals.

Special thanks to Tom for taking the time to go over that with me, a bit. It was very enlightening.

On to the team…

A relatively minor pet peeve of mine is team pages not having team members’ LinkedIn pages linked, along with a short bio, but that’s more a matter of making things convenient for traders attempting due diligence than anything else.

That being said, I think one of the quickest ways to demonstrate transparency is by making due diligence easier to perform. Moving on…

Thomas Marchi (Co-founder & Developer)

Tom has been building websites, designs, and mobile apps for local businesses since the eighth grade. In his senior year of high school, he started building an experimental social network (LNKit). He went to college for a short time at NJIT, but quickly realized that the courses were aimed at pumping out entry-level developers, and he already had working apps & paying clients.

Which, honestly, makes perfect sense. You don’t have the patience to train at Arby’s when you already cook like Gordon Ramsay. I’ll let his Github repos speak for themselves as a reference to his education.

Matt Karasiewicz (Co-founder/Finance)

Matt has earned a Bachelor of Finance in Entrepreneurship & Entrepreneurial Studies from Rider University. After University he was a managing partner at Menrvah , and the president of KMA Satellite Inc. , in addition to helping found & secure finance.

Lew Knopp (Co-founder)

Lew seems like a really interesting guy. Former Navy Seal, founder of Templar Titan Inc. , and Co-founder of the Center for Online Justice. His story is told best on his profile at TT’s website, so click the previous link if you’d like to dig deeper.

For the sake of brevity & review length considerations, I’ll say that they have some highly qualified advisers, and the focus on development is abundantly clear when you examine the makeup of their relatively small team.

When a team is creating something this substantial, I absolutely expect to see this many devs.

At this point I’ll move on to my newest endeavor, a Q&A session with Thomas Marchi. I really enjoyed having the opportunity to (hopefully) improve my reviews by directly addressing my biggest concerns with the developer. I hope that you find that it adds depth to my review, and please let me know in the comments or on Twitter (@ShitcoinSherpa) if you have any thoughts about it.

Summary: In conclusion, I think the Q&A really helped me answer some concerns I had, as someone lacking any experience with coding & some of the more technical aspects of this project.

I’m honestly having trouble finding any glaring issues, other than a few small critiques about making their team page & profiles more accessible. The team & advisers’ share of tokens is a bit higher than I’d suggest, but already a portion of that is being earmarked for charity.

All said, I couldn’t be more interested to see how this project develops, and if they can find adoption. They’re looking to solve myriad problems our outdated Internet infrastructure has, and in some unique & potentially brilliant ways.

Your guide while climbing the mountain of Shitcoins