[ICO Review] MADANA
Disclaimer: This is not in any way professional advice, and is solely based on the author’s own opinion. This is not in any way an advice to invest, or not invest in the network.
What is MADANA?
MADANA is the first ever ICO and Sidechain project on the Lisk Blockchain. MADANA stands for an open platform for data analysis, preserving privacy by design. The blockchain-based ecosystem allows anyone to stay in control of their data while monetizing it in an anonymous way. MADANA aims to provide a GDPR compliant way for data processing, enabling new business models for future Apps and Services. German ICO with approval from the Federal Financial Supervisory Authority. The Vision of MADANA is to be the technology in future Apps and dApps, operating systems and IoT devices, which generates passive revenue for the User while also protecting his digital identity.
ICO Details
Based on a sponsored article on CCN.com, they are giving away 55 percent of all PAX token to investors and the MADANA community. And as the first Lisk token, the MADANA team decided to give every Pre-Sale contribution in LSK a 10% bonus in PAX. This is on top of the reduced Pre-Sale price of 0,50€ per PAX token. The Main Sale will be held in 2019 for a token price of 1,00€ per PAX. To enable more people to participate in the Pre-Sale, MADANA set the minimum amount to be purchased to an equivalent of only 100 Euro.
Also, according to that sponsored post, MADANA pioneers ICOs run under German law. And this have required legal authorities to check the project and token structure before being allowed, which is great and definitely assuring compared to the ICOs that are not regulated by any financial institution or authorities.
Online/Offline Buzz
According to MADANA’s blog, the MADANA pioneers had gone on a Summer Roadshow in Russia and Southeast Asia during the summer of 2018 to present their ideas as well as educate the different communities about Lisk, MADANAs vision and the technology behind it. Through the several up-close and personal meet-ups in Moscow, Singapore, Bangkok and Ho Chi Minh, the team manages to make the roadshow successful by making several important connections.
On the other hand, MADANA does need to keep up with other competitors when it comes to creating online buzz. With exceeding a little over than 1k telegram participants, MADANA’s community manager or social media manager does have to consider induce more engagement with their current and potential investors.
With so many ICOs going on, MADANA is given “Medium” for both its hype score and risk score by icorating.com which is definitely in the positive side of the “to invest or not to invest” spectrum.
One thing’s for sure, it is definitely a plus to know the current status of the project that MADANA is working on though their website which is updated almost daily.
If you are interested to know more about MADANA, feel free to check out their official website.
J.D.
