OCEANEX 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.

Launched by BitOcean, OceanEx is a blockchain platform, making use of Artificial Intelligence (AI), for an active digital asset trading market.

1. Concept

Oceanex is a secure trading platform, strengthened by AI, to make the experience of digital asset trading more reliable. With advanced machine learning algorithms and Secure Sockets Layer (SSL) technology, the platform provides an ultra-secure space for assets and transactions to remain free from attacks. OceanEx offers a high-throughput, with about 1,200,000 transactions per second, and sufficient liquidity. Customizable services are incorporated in the platform for trading and investment, so that professionals can use the tools and products best suited to their use case. With support from OceanEx teams in USA, China, Luxembourg, and Singapore, and partnerships in the industry, the platform intends to gather adoption and establish its place in the cryptocurrency market.

OceanBrain, an integrated AI system of the platform, synchronizes all the network’s features, from security, to scalability, to connecting customers and financial instruments. It assists the network’s security by observing and detecting any malicious behavior, amplifies scalability of the platform, and enhances trading activities through social trading and recommender system.

Using the OceanQuant feature, users can fully leverage quantitative trading, while being able to test and employ tailored trading algorithms on the platform. The OceanMarket system in the OceanEx platform enables participants to publish their trading algorithms and startegies, and gain followers. The performance of these algorithms is then monitored, to keep the platform safe from any malignant acts, and to rewards the publishers of the algorithms based on their adoption and execution. Another remarkable feature of OceanEx is the OceanLab, for research and development, to improve the network, both in terms of its place in the market, as well as its technology, coordinating with academic research labs for innovative products.

OceanEx is a great concept which integrates security with higher scalability, for an efficient trading experience. For the concept, OceanEx gets a score of 3.

2. Minimum Viable Product (MVP)

The OceanEx platform does net have a minimum viable product yet. For that, OceanEx receives a score of 0.

3. Social Mentions

Google algorithm was used for social mentions. OceanEx scores 0.2 in this regard, which is pretty average. The hype is still building, with more positive sentiments towards the protocol.

With time, especially after they build a test-net for participants to get a glimpse of the project and its use, the hype might be expected to increase greatly.

4. Team

Founder and CEO, Xiaoning Nan, is a Founder of BitOcean and Chief Advisor at VeChain Foundation. He has 5+ years of experience in the cryptocurrency market, and is extensively skilled in the development and operation of Cryptocurrency ATM. Jiayu Zhou, Co-founder and CTO, has about 12 years of experience in the field, has been associated with the likes of Microsoft, and IBM, and is an Assistant Professor of Computer Science at Michigan State University. Co-founder and Chief Compliance Officer, Daniel Kelman, has a massive experience of over 19 years in the crypto-space; however, he is currently involved with Kelman PLLC, Wizsec, and Bitcoin, as well as being an Advisor at VeChain Tec, which means attention being divided too much. The rest of the team, is also highly skilled and experienced, and seems ambitious to make the project viable. For the team, OceanEx gets a score of 1.

5. Road-map

The VeChain Foundation private sale round is planned to be released in September 2018. Other than that, the website provides no insight into the project’s future plans, leaving room for uncertainties. For that, OceanEx receives 0.

6. Token Economics

OCE is the native token of the OceanEx protocol. The token distribution is set as 30% for token sale, 10% for the team, 10% for Advisors, 15% for Financial Institutions, 15% for community, and 20% for technological R&D. For token economics, OceanEx scores 0.5.

Conclusion

OceanEx scores a total of 4.7, which is an average score. With the help of AI and machine learning, the platform strives to give out solutions for the main concerns in the blockchain industry; decentralization, security, high transaction throughput, scalability, and flexibility.

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.

Please give us a few claps if you liked this Slick ICO review; follow for regular ICO reviews and analysis that are short and to the point. Happy investing.

ssk4321 (cryptogator)

Written by

Researching and writing (non crypto) whitepapers is my day job. Been in crypto since Mid 2017. I analyze and write on ICOs when I’m not working.

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