Uranus — ICO Review

Ubiquitous Computing Resource Sharing Platform

Crypt Zilla
Sep 6, 2018 · 4 min read

ICO Project Links
Website: https://uranus.io
Telegram: https://t.me/Uraners
Twitter: https://twitter.com/Uraners
Download Whitepaper: https://uranus.io/static/Uranus-Technical-WhitePaper-EN-V2.0.pdf

The Problem

Gartner’s research show that in 2017 public cloud consumption was merely 7% of global IT expenditures. A number of he issues that deter the mass adoption of the public cloud according to Uranus are: data security, expensive billing model, and that current public cloud infrastructure is not suited for distributed applications.

Use Case

The Uranus project team aims to build a “decentralized supercomputer” that will seamlessly integrate “application scenarios in the blockchain industry and application scenarios of computing power sharing.” These technologies are the building blocks of the Uranus project — optimization of consensus algorithms, DPOS+BFT hybrid consensus algorithm, fair-service supply measurements, cross-chain, forking, extended off-chain services, and proof of contribution (PoC).

This project is similar to: Golem, Ankr, Rrchain, and Sonm.

Token Metrics

• Total Token Supply: 3,500,000,000
• Hardcap: 35K ETH (US$10,300,000)
• Tokens available for sale: 35%
• Token Ticker: URAC

• Token Allocation:
→ Seed Round: 3% **see note at the end of this section
→ Private Sale: 30%
→ Main Sale: 5%
→ Team: 15%
→ Mining: 40%
→ Ecosystem (Bounty, Airdrop): 7%

• Bonus
→ As of this writing the only bonus mentioned is the 25% in the Private Sale.

• Vesting Periods
→ Seed Round: 1/24th every month thereafter for a total of 3 years
→ Private Sale: 10% monthly thereafter
→ Team: same conditions as the Seed Round.
→ Ecosystem (Bounty, Airdrop): vesting only when given a significant portion.

• Lockup
→ Seed Round: 1/3rd after 1 year
→ Main Sale: 50% at crowdsale
→ Team: same conditions as the Seed Round

**Note: ChainTED Capital poured in capital in the Seed Round thereby accelerating this project significantly. ChainTED is a Chinese firm that provides marketing and advisory services. Lastly, mining will happen as soon as mainnet is live.

Rating: We rate it as good.

Roadmap

Significant periods:
2018 Aug: MVP
2018 Sep: Prototype
2018 Oct: Testnet
2019 Q1: Mainnet

Rating: We rate it as weak. It looks like a proof of concept rather than planned deliverables.

Project Team

The Executive Leadership

James Jiang, CEO has a Master’s degree in Mathematics and Master of Operational Research.

Halley Han’s expertise is in virtualization, cloud computing, and system architecture.

Kevin Wang assumed several leadership roles in a few companies.

The Product Development Team and the Technical Team

The Technical Team is made of experts in open source software, cloud computing, virtualization, developing consensus algorithms for blockchains and the development of smart contracts to name a few.

Rating: The Team strength is solid plus they are involved in the project full time. With their technology backgrounds they can build this project into what they plan.

Advisory Board

Rating: The Advisors’ backgrounds are as impressive and they have connections that can benefit this project in bringing in possible partnerships. Lastly, the investors they have so far are capitalist firm while few are exchanges and other businesses in the cryptocurrency industry.

Investors

The Uranus project team has a criteria for its choice of investors: only those that can potentially help them with marketing, technology, community building, and more.

Rating: We give Investors a strong rating as the project team was able to get top brands onboard.

Cryptzilla Final Score

After looking into the metrics described above, we give this ICO an overall rating of:

One of the advantages is that the seed round was funded by a third party which helped greatly to jump start the project.

The project’s strengths were already discussed above. We also found a few weaknesses. The roadmap and business model seem to be vague at the moment. As there are many competitors it still difficult to conclude how this project will succeed amidst a handful of competitors.

If you enjoyed this review, please make sure to share this article with your community. You can also follow me on Twitter for daily ICO reviews — we publish reviews daily!

Disclaimer: This review is not intended as an invitation to invest but published merely for information purposes. Interested investors are encouraged to do their own research and/or consult an expert before making a decision.

Crypt Zilla

Written by

Half man - half ether. #CryptoNews #TA and the occasional wisecrack. Not financial advice.

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