MultiVAC ICO Review — Slick ICO Reviews

Disclaimer:
This is not in any way professional advice, and is solely based on our own opinion resulting from the resources we have researched from, and hence, should not be relied upon as an advice to invest, or not invest in the network.
Below are the components of the analysis, explained:
1) Concept/including the whitepaper: The score for concept ranges from a maximum of 3 for an excellent concept to a score of zero for a poor concept.
2) Whether the company has a Minimum Viable Product (MVP)? On MVP a score of 2 for the ICO having an MVP, 1 for a Beta and zero for no MVP.
3) What is the sentiment like on social mentions, this is not the hype, but we analyze the strength of comments if any; across all their social media platforms, positive sentiments, and negative sentiments. Passion of the comments and the reach of social mentions. This is carried out using google algorithm. For social mentions a maximum of 1 point with lowest of zero.
4) The team: On the team, an excellent team gets a score of 3, a good team gets a score of 1, and poor team gets a score of zero.
5) The road map: An excellent and achievable road map gets a score of 1; a good road map gets a score of 0.5; and a poor road map gets a score of zero.
6) Token economics: Finally, the score of token economics ranges from 1 for an excellent; to zero for a poor token economics.
The maximum score that any ICO could receive is 10; whilst the lowest is zero.
Please note that we are no experts (in the ICO space by any means) and the scoring matrix is just our opinion. Kindly do your own research before contributing to any ICO.
In our opinion a project that scores 7 and above is worth analyzing a bit more; if we feel we are interested in contributing to it. A score between 4 and 6 would require a lot more convincing; for us to invest; and a score below 4 is an easy pass.
MultiVAC is a blockchain platform, which intends to provide a scalable space for decentralized applications.
1. Concept
MultiVac is a platform, aiming to enhance scalability, enabling higher throughput with their innovative technology, and helping to build efficient decentralized applications. Other than sharding, one of the key features employed on the platform to achieve scalability in a decentralized way, is the Verifiable Random Functions (VRF) algorithm. This brings together efficiency and decentralization, by generating a random function, assigned to a node. The function’s node then creates a proof, which is then verified by other nodes within the shard.
Different shards deal with different transactions in the network; and each transaction is distributed according to the account number, belonging to a particular shard. To synchronize the shards, in an efficient and cost effective way, MultiVAC uses the unspent transaction output (UTXO- a database to check the validity of transactions) mechanism, which only confirms funds’ availability when they are spent, not when funds are received. The transaction will only be recorded on the account in a particular shard, to which it belongs. This allows for greater efficiency.
To make the platform secure, MultiVAC randomly assigns nodes to different shards each time, making the platform resilient to attacks. The CAP Theorem allows users to choose between consistency, availability, and partition tolerance. The MultiVAC Virtual Machine (MVM), enables smart contracts to be run on fewer machines, in a reliable way, so that the platform is efficient. In addition, MultiVAC presents Blockchain Instruction Set Computer (BISC) with Proof of Instruction Execution (PoIE), which improves the task of ensuring that smart contracts are verified correctly. BISC, is an open source instruction set architecture, making communications between the software and the underlying hardware, better. This allows for nodes’ computers to perfectly align with the network. The PoIE consensus algorithm, is designed to ascertain that the smart contracts are being verified honestly, as the act of running a smart contract on a node requires massive computation power. If a malicious actor were to disrupt the system, it will actually cost him more than it will benefit him, by disbursing huge amounts of energy.
Most blockchain platform have to compromise on either speed, decentralization, or security. To give developers the best experience by allowing them to choose according to the use case, MultiVAC intends to solve this problem. It is a good concept, therefore, MultiVAC gets a score of 1.
2. Minimum Viable Product (MVP)
MultiVAC platform’s test-net has not been released yet, though they are aiming to lunch it in Q4 2018. For that, MultiVAC receives 0.
3. Social Mentions
Google algorithm was used for social mentions. MultiVAC scores 0.1, which is below average. However, as the project is still in its infancy, without a test-net, it can be expected for the project’s hype to increase in the future.
4. Team
MultiVAC platform’s Founder, Frank Lyu, is also Co-Founder and CTO at Xinrenxinshi, and Technical Director and data engineering expert at Meituan. Dr. Shawn Ying, another Founder, is an Associate Professor at Tianjin University, and an expert in parallel algorithms and general purpose calculations. Claire Wang, also Founder of MultiVAC, created the first new media and community brand of human resources in China, and is also Co-founder of Julixinfang, and Marketing Director at Xinrenxinshi. The rest of the team members are also experts in their fields, and have been associated with viable projects and corporations like, Google, Facebook, Pinterest, and Alibaba. It is a good team of skilled individuals, however, as the Co-founders are engaged in more than projects, their focus might be divided. For the team, MultiVAC gets a score of 1.
5. Road-map
The road-map provided by MultiVAC, stretches for almost two years, and imparts sufficient information about the platform’s achievable goal. From the whitepaper’s release to the test-net launch, to the main-net being released, and the blockchain wallet and browser release, it is a concise account of the targets that MultiVAC has set out to achieve. For a good roadmap, MultiVAC receives a score of 1.
6. Token Economics
The MultiVAC platform will have their native token, MTV; and incentivizes nodes to offer greater computation power and storage capacity, in exchange for higher rewards; though it does not outline exactly how much will be rewarded. For token economics, MultiVAC ICO scores 0.5.
Conclusion
MultiVAC ICO gets a total score of 3.6, which is not very good. MultiVAC is a public blockchain platform, striving to attain maximum scalability and reliability, providing developers a chance to balance between decentralization, security, and scalability, with its flexible design. Like all other projects, only time will tell how viable MultiVAC will prove to be.
Since, we are not the experts in the field, it is advisable for investors, or any other participants in the network to do their own research.
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