https://enecuum.com/

https://github.com/Enecuum

https://medium.com/@EnqBlockchain

https://www.reddit.com/user/enecuum

https://twitter.com/enq_enecuum

https://www.facebook.com/enecuum.EN/?ref=bookmarks

https://t.me/Enecuum_EN

https://bitcointalk.org/index.php?topic=2939909.0;topicseen

https://www.linkedin.com/company/enecuum-limited/

Enecuum is building a new blockchain protocol based on HyperDAG (a combination of blocks and graphs) which supports the creation of separate branches that can be designed specifically to address certain business problems. It also allows the integration of sharding technology which solves scalability and speed of transaction issues.

Enecuum uses a multi-layer consensus algorithm combining proof of stake (PoS), proof of work (PoW) and proof of activity (PoA). Proof of activity (PoA) means that mining can be done from almost any device including smartphones by approving transactions and validating blocks. The result of this is that the system is highly decentralized and much more resistant to various types of attacks. PoA mining rewards are equal to those received by PoW miners yet requiring a fraction of the computational power.

Security of Enecuum is further enhanced with the development of SHARNELL Smart Contracts to operate on the Enecuum platform. They consist exclusively of formulae and business oriented linear logic which means smart contracts can be automatically certified prior to publication to the system. This in turn increases security and reduces negative outcomes (misuse, freezes, deadlocks etc) in the system. These contracts will be implemented in JavaScript which means they will be relatively easy for any web developer to code (and hence a lot less expensive).

The combination of the above features mean that the vast majority of concerns big businesses and government agencies have in relation to using blockchain are addressed including speed, scalability and security.

Business cases for Enecuum include:

• ICO platform — the high throughput of Enecuum means that startups can use the Enecuum blockchain without the risk of network hang up.
• Infrastructure for financial services and payments — banks, government agencies and other transactional organisations can control targeted spending of funds. Furthermore, a bank can issue a customer a directed loan in tokens having predefined parameters which must be adhered to when spending the tokens (e.g. — government issued ‘food stamp’ tokens restricting the holder from purchasing cigarettes or alcohol etc).
• Distributed computations — ‘heavy’ smart contracts can be run in dedicated branches along with complex calculations that require high computational power and would otherwise cause congestion on the main Enecuum branch.
• Decentralized hosting, cloud data storage and content delivery networks.
• Microtransactions and IoT applications.

Enecuum have listed the following partners on their website however further enquiries with the Enecuum team haven’t confirmed the nature of them:

Urbo — a delivery automation service / supply chain blockchain project for HORECA (Hotel/Restaurant/Cafe). It looks like they attempted an ICO in December 2017 / Q1 2018 however their website now consists of only a placeholder logo.

Arloid — an off-chain smart home system that integrates equipment from major smart home manufacturers. The link from Enecuum’s website takes you to a landing page with no real information available. Angel.co have numerous job listings available for ICO Community Managers and Blockchain Architects with the ad stating they’re building an IoT Ecosystem in which the community can vote to crowdfund approved projects.

Upstudy — an international education platform founded by the Enecuum co-founder, Ivan Ivanov in February 2014.

Paytomat — currently in a pre-sale period of their ICO and developing dApps enabling retail stores and online merchants to accept payment in crypto.

There has been some talk that Enecuum have been speaking with large corporates including VMware, Juniper Network and Vodafone to either work with them or use their services. They have also apparently been speaking with the Thailand government as well as other undisclosed governments. The team have been asked about these partnerships and state they are unable to release details at this stage although have said they have significant interest from ‘huge mobile operators’, startups, vendors, mobile operators, enterprise, government and education.

The team have also advised that they have new partnerships with mikado.io and gemme.io however the exact nature of these partnerships haven’t been disclosed.

Mikado are planning to launch a crypto derivatives trading platform to hedge against token price collapse post ICO. This essentially seems to be an escrow service for early investor, team and advisor tokens with MKT tokens issued as derivatives. Once the token lock is complete the MKT tokens will be burnt and original tokens purchased issued to the token holder.

Roadmap

The Enecuum testnet testnet was launched in December 2017 and is producing 60,000 transactions per second (TPS) and the team are aiming for 1M TPS in the future. Main net is on track to be released by the end of August 2018.

Team

CEO — Mikhail Sayfullin

Mikhail is currently listed as the Founder / CEO of Marketing Solution Group.

CTO — Anton Nivonorov

Anton previously created design documents and software specs for core banking systems at Sberbank-Technology. Currently listed as the Founder / CEO of AMS.

Co-founder — Ivan Ivanov

Ivan is currently listed on his LinkedIn profile as being the Founder of Upstudy Group and Upbusiness Consulting. He holds Bachelor Degrees in Finance and Telecommunications Engineering.

Chief Business Development Officer — Jevgenijs Vainsteins

Jev is currently the Director of Sales and Business Development of Canonical (an open source operating system) and previously the Senior Solutions Sales Manager at Huawei Technologies as well as the Program Manager in Moscow for Evolving Systems (a NASDAQ listed wireless software company).

Tech Lead — Mikhail Glukhov

Mikhail is currently a programmer at Aintsys (Automated Intelligence Systems) and has had various programming roles since 2005.

In all there are a total of 13 members listed in the Enecuum development team from a variety of backgrounds including AI, cryptography, cybersecurity and functional programming languages.

Advisors

Advisors are excellent (however a lot don’t include Enecuum in their LinkedIn profiles) and include:

Jorge Sebastiao — CTO Eco-system Data Centre Solutions at Huawei Technologies. He has over 30 years of IT experience in the Canadian government, Canada Post, International Turnkey Systems (development of managed services for clients in telecommunications, finance, enterprise and education sectors).

Ran Neu-Ner — CEO of The Creative Counsel (annual turnover of $150M) which was acquired by a French international company for $150M. He also founded Onchain Capital (crypto asset fund and advisory service) and host of Crypto Trader (world’s first crypto show). He has been ranked in the top 10 most influential people in crypto by Richtopia.

Michael Jeoung — previously the Head of Cloud Service Strategy & Go-To-Market Worldwide for Cisco and Senior Policy Advisor — Smart City Platform for Ministry of Land and Transport (Seoul, Korea).

Alex Rugaev — holds a Master’s Degree in Computer Science and PhD in Economics. Advisor to numerous other ICOs previously and Chief Blockchain Officer of Blackmoon Financial Group. Seed Investor for several ICOs including SingularityNET and BANKEX.

Ismail Malik — Editor in Chief of ICO Crowd, Founder and CEO of BlockchainLab and previously Compliance Officer and Regulatory Relations of London Mutual Credit Union.

Token Metrics

Hardcap: $23.87M USD

Total token supply: 4.324Bn ENQ (distribution spread over 3 Stages & detailed below)

Price per token: $0.04 USD / ENQ

Lockup / vesting: 10% released each month. Team and advisors vesting period of 1 year.

**** Private sale starts 15th June and complete 31st July 2018. No public sale. ****

The ENQ token emission is to be broken down into 3 stages:

Stage 1–30% of total ENQ token supply proposed to be pre-mined to create an initial distribution pool of ~1.297 Bn ENQ. Initially issued as ERC20 tokens and exchanged 1:1 for native ENQ tokens on launch of main net. (Equates to 1,297,296,000 ENQ).

Stage 2 — A further 30% of the total ENQ supply will be available to be mined in the 5 years following the end of Stage 1. (Equates to 1,297,296,000 ENQ).

Stage 3 — Following the completion of Stage 2 the balance (40%) of ENQ tokens will be mined together with any other ENQ tokens not mined during Stage 2. There is no time limit set for this stage. (Equates to 1,729,728,000 ENQ).

ENQ is intended to be a utility token within the Enecuum system. ENQ can be received and sent with no fees and provide for the following proposed functionality of the Enecuum ecosystem:

• Publish SHARNELL Smart Contracts with a fee for publication (minimum fee of 0.01 ENQ calculated according to the volume of the published byte code).
• Publish custom transactions (e.g. — a block size exceeding the upper limit for free transactions).
• Access complex computations via the ‘heavy’ smart contracts (contracts containing code required to solve complex problems). The reward for these transactions would be determined by the market conditions at the time and offered by the user until nodes with enough computational power agree to the reward. Rewards can be raised to increase the speed of mining.
• Access and generate private ‘ticket’ branches (private blockchain branches) using other nodes on the network and the fee determined by the miner agreeing to service the branches.
• Participation in the PoS mining.

Token Distribution (Stage 1 of token emission schedule)

46% — token sale (true value is ~13.8% of total token supply*)

32% — reserve fund (promotion — 20%, education programs — 30% and Infrastructure projects — 50% and locked for one year)

15% — Enecuum team

5% — advisors

2% — airdrop

*I don’t see this 13.8% as too much of an issue considering BTC had a pre-mined distribution of ~1M bitcoin and the vesting period is quite aggressive.

Funds Distribution

No information provided.

Final Thoughts

Overall I’m bullish on Enecuum and will be making a small to moderate contribution to their ICO (it would probably more if the market were a little more predictable at the moment). They have a very good use case for the blockchain, strong team and advisors and hustled to get some partnerships early on.

Website: https://essentia.one/
Whitepaper: http://essentia.one/whitepaper
FAQ: https://essentia.one/FAQ/
Roadmap: https://essentia.one/roadmap
Foundation & Business Plan: https://bit.ly/2uVJiuk
Token Utility: https://bit.ly/2HX5iH2
Telegram: https://t.me/essentia_one

‘Essentia is a masternoded mutli-chained set of protocols connecting centralized and decentralized resources to create new powerful interactions and experiences.’

Essentia is a scalable and modular data management framework providing interoperability between centralized and decentralized data across multiple chains and devices. It comprises 2 main components — Essence and Synergies.

Essences — entities own their own data which is linked across multiple services.
Synergies — the connections between different platforms, resources and modules alllowing interoperability.

Current projects already integrated with Essentia include Ethereum, EtherDelta, IPFS, Storj, Bitcoin, KyberNetwork and more.

Use cases:
- decentralized password-less logins
- KYC by default without risking data or privacy
- GDPR (General Data Protection Regulation) for companies
- oracles for smart contracts allowing triggered asset seizure (ie — for insurance companies, financial services & banks) without intermediaries

At least 2000 masternodes available and requiring 100,000 ESS tokens to be locked. Each block reward will take 10 seconds. Total block reward equivalent to 10% of total token supply PoS mined over 7 years (plus block fees for each block).
More info: https://essentia.one/Token_Utility_draft.pdf

Token Metrics:

Hardcap: ~$25M USD
Token symbol: ESS
Total token supply: ~1.755B ESS
Type: ERC20 token
Price: 1 ETH = 15,000 ESS (~6.66 ETH minimum to run masternode)

Token distribution:
45% for token sale
7% for team
10% for founders
9% for advisors
10% for project reserve
15% for masternodes
4% for ambassador program

Roadmap:

The roadmap is clearly defined and broken down into software, hardware and public components. It is quite lengthy however for those who are interested they can find the full document here.

Q1 2018 sees the first round of dApp integration and dApp store dev as well as alpha of the ESS framework and prototyping of hardware.

I’ve tested their beta which includes dApps which includes:
- Essentia wallet capable of holding ETH, BTC, Aragon, FlypMe, Mysterium, Status, EOS, Tron, Golem, Tether and Essentia (once TGE is complete)
- decentralized data storage (IPFS, Swarm or Storj)
- eLogin (Aragon, IOTA, OMG, Status, Neo & ETH)
- EtherDelta exchange trading
- FlypMe (crypto to crypto exchange without needing registration)
- Aragon (build your own decentralized organisation)
- OmiseGo (wallet to wallet transactions of crypto and fiat currencies, loyalty points, game credits etc)
- Status (enables users to browse, chat and make payments using an Ethereum based OS)
- Akasha (Ethereum based social network using IPFS)

I’m impressed with what has been developed so far.

Team:
The Essentia team is BIG! 4 founders, over 20 tech & design and 9 business and social members. They’re also looking for further hires.
Founder achievements include:
- building a company from the ground up (no funding) to $45M revenue and 110 person team in 1 year;
- Chairman of the Blockchain Foundation (Amsterdam)
- building multinational (7 countries) company with 40 employees and specialising in digital marketing

Advisors:

Advisors are excellent and include co-founder of the Blockchain Academy who also invested in RSK Labs, Labfresh and Dropbox; a Managing Partner of TLDR Advisory and Hedge Fund working with Quantstamp and previously co-founded a GPU/ analytics company backed by NEA, NVIDIA and Google; Head of Strategic Sales atMotorola Solutions; a Member of the Board of Icon Foundation as well as experience with Vodafone, Cellnet and News International; founder of charity project AidCoin (raised $19M).

Essentia passed my ‘Rapid Review’ easily with a rating of 87%. Overall — BULLISH.

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Prepared: 29th May 2018

(I am not a financial advisor. This is not financial advice and is my opinion only. Please DO YOUR OWN RESEARCH!)

COTI (Currency of the Internet) aim to build a decentralized and scalable payment solution that is instant and cost-effective. They provide a decentralized mediation system, multi-currency wallet (fiat and crypto) and native currency exchange with the COTI coin being the native currency powering the ecosystem.

The COTI ledger is based on a directed acyclic graph (DAG) data structure (called the Cluster) that allows 10,000+ transactions per second and allows scaling of the network. This is in comparison to VISA’s peak hour transaction requirement which is around 4,000 transactions per second. Transactions within the DAG network require confirmation from two previous transactions, which means that as the number of network users increases transaction confirmation rates also increase proportionally.

The network consists of three types of nodes:

● Full nodes are the ‘user gateways’ to the network and choose sources for new transactions to attach to. They perform proof-of-work (PoW) and provide connections for new transactions to attach to the Cluster.

● Double Spend Prevention (DSP) nodes maintain a copy of the Cluster at all times and monitor transactions to prevent double-spending attacks. To run a DSP node a large number of COTI coins must be staked in a multi-sig account however DSP node operators are remunerated with COTI coins.

● History nodes store the full account history of the Cluster which can be retrieved at any time.

If there are disputes between the sender and receiver of funds that cannot be resolved between themselves the unsatisfied party can initiate a dispute. This dispute is sent to mediators who take responsibility to resolve the situation by validating information regarding the transaction. Once information is validated the mediators cast votes by depositing COTI coins. Votes are counted and majority votes determine the winning party with their balance returned to the correct state. COTI mediators whose voted in the majority are rewarded by the COTI network whilst malicious mediators will lose their deposited tokens (which are paid to the winning non-malicious mediators).

Other features of the COTI ecosystem include:

● A multi-currency wallet capable of providing instant access to the COTI payment network as well as holding fiat and other digital currencies.

● Debit cards linked directly to the COTI wallet and allows payments from the COTI wallet when transacting with merchants that haven’t yet integrated with COTI. The user can specify their preferred currency for payment. When the currency doesn’t match with the required currency for payment COTI’s exchange will automatically convert the required amount to make payment.

● Development of a currency exchange to allow access to liquid markets and the easy exchange of currencies without having to withdraw coins from their COTI wallet.

● Decentralized governance whereby voting rights are allocated for any changes in COTI’s protocol and when deciding future use cases of the COTI coin.

● The development of payment processing tools that will allow payments from COTI wallet holders. Merchants can connect via API of embedding an IFrame (inline frame) into their website.

● An internal derivatives market that can be used by merchants to protect themselves from price volatility.

● Development of an application allowing mediators to easily manage mediation tasks.

Other news and partnerships:

● COTI has partnered with processing.com which is a payment gateway with 10,000 online merchants who will be able to immediately accept COTI.

● 2,500 merchants pre-registered to be COTI platform users.

● COTI is fully regulated under a Gibraltar distributed ledger technology (DLT) licence.

● A partnership between MicroMoney and COTI to assist in enhancing MicroMoney’s social lending platform and facilitate social inclusion of unbanked people.

● A partnership with Bancor Protocol allowing continuous liquidity between COTI and a variety of ERC20 tokens

Roadmap

The COTI roadmap is well structured and realistic with strong progress scheduled prior to and following the ICO period. The release of the Alpha net launch is scheduled for August 2018 and the Beta exchange and wallet launch for September 2018 (full launch in November 2018). Mediator and merchant onboarding will commence in October 2018.

Team

CEO — Shahaf Bar-Geffen

Shahaf is the co-founder and CEO of WEB3, a digital media advertising company based in Israel. They are the commercial representatives for Yahoo in Israel. He is also currently a Director (and co-founder) of Maple (digital marketing agency working with clients such as L’Oreal, Intel and Procter & Gamble) and Positive Mobile (mobile video advertising). He holds a Bachelor of Science degree in biotech and economics.

CTO — Dr Nir Haloani

Nir was the co-founder and CTO of Inima Technologies, which was acquired by IBM and saw him continue working with IBM as a Research Team Leader. He currently works as the CTO and Development Manager (co-founder) of Articoolo Research developing AI tech capable of creating readable content simulating a human writer. He holds a PhD in Applied Mathematics and has authored 13 patents in AI and Machine Learning.

Research & Software Engineer — Erol Hallufgil

Erol holds a Master’s Degree in Mathematics and is currently the Developer Team Lead at TechChain Solutions

Blockchain Research Engineer — Tal Dadia

Tal was previously an Intelligence Analyst and Intelligence Product Manager at Israel Defence Force. He has experience in back-end development and blockchain research. He is currently studying for Masters in Financial Economics and Honors in Law.

Co-founder — David Assaraf

David was previously a Financial Advisor in the Financial Risk Advisory Department of KPMG and Chief Internal Auditor of HSBC. He holds a Master’s Degree in Law Administration and Bachelor’s Degree in Business Administration and Accounting.

Overall, the COTI team is about 40 members strong with a broad range of experience in their respective areas.

Advisors

The COTI advisory board is extremely strong and include the former CIO and MD of BlackRock ($6.3 trillion AUM), former CEO of Investec Bank UK, former CRO of Ripple Labs, CEO of processing.com, the co-founder of WINGS, CRO of SafeCap Investments and former employee of JP Morgan & Chase, the CEO of the German Association for Experimental Economic Research, the founding partner of Arcana Capital and CEO of Skybridge Investment (previously employed at Berenberg Bank and client advisor at UBS).

Token Metrics

COTI coins will drive the network and fuel transactions within the COTI ecosystem. They will initially be issued as ERC20 tokens however will be converted to native COTI tokens after main net launch. The coins will have the following functions:

● A medium of exchange used for making and receiving payments within the COTI ecosystem. The network can support various fiat and cryptocurrencies however users are incentivized with low to no transaction fees for the use of COTI over these alternative currencies.

● Mediation stakes and payouts.

● Merchant rolling reserve fund (a risk management strategy to protect the payment service provider and their banks from potential loss due to chargebacks).

● Incentives for node operators (and a requirement for node operators to hold COTI).

● Payment of COTI network fees.

Total token supply: 2B COTI*

Hard cap: $30M USD

Soft cap: Already reached

Token price: $0.10 USD / COTI

*An additional 2B COTI tokens will be created and locked in reserve for release at a later date only under circumstances that would add additional value to the network and require the majority approval of COTI mediators (COTI as a company will not control this release of tokens and will not be entitled to any further token distribution as a result).

Contributors will be offered the opportunity to receive larger discounts in exchange for longer lock-up periods. Private sale contributors must commit to a lock-up period of 6–24 months on 50% of their tokens to receive any discount (as detailed below) while early backers and advisors must commit to a lock-up period of 6–24 months on 100% of their tokens. Public sale contributors have no obligation to commit to a lock-up period.

24 months — 20% discount

12 months — 10% discount

6 months — 5% discount

No lockup — no discount

Token Distribution:

30% — token sale

22% — reserve

15% — team

13% — incentive program

10% — backers, partners and advisors

10% — liquidity

Funds Distribution:

30% — R & D

5% — cyber security

12% — licences and capital requirements

9% — legal compliance

15% — marketing

8% — merchant services

7% — market maker

7% — COTI fund (to assist other ventures who will build upon COTI’s tech)

7% — operational expenses

Final Thoughts

I am super bullish on COTI. They have a large team with some excellent credentials and amazing advisors. The concept is great, test net is not far off (and main net not too long after) and they have some solid partnerships that will drive adoption of the platform.

https://coti.io/

https://t.me/COTInetwork

http://bit.ly/coti-yt (YouTube)

https://steemit.com/@cotinetwork

https://medium.com/cotinetwork

https://twitter.com/COTInetwork

https://www.facebook.com/COTInetwork

https://www.reddit.com/r/cotinetwork/

https://bitcointalk.org/index.php?topic=2934563

https://www.linkedin.com/company/25171228/

https://coti.io/en/videos.html

Prepared: 28th April 2018

Updated: 10th May 2018

(I am not a financial advisor. This is not financial advice. Please DO YOUR OWN RESEARCH!)

ArabianChain is based in the UAE and is the first blockchain project in the MENA (Middle East and Northern Africa) region that allows for smart contract & dApp development. Smart contract programming has been written in Arabic however there is also a ‘drag and drop’ solution requiring very little coding and making smart contract development extremely easy.

The ArabianChain ecosystem offers DBIX (mineable currency), Galaxy wallet, DBIX scanner, Arabianchain APIs, ArabianChain Studio for developing smart contracts and the Palmex crypto exchange. Palmex exchanges in Bitcoin, DBIX and soon to be emirati dirham (the currency of the UAE) pairs. I expect when emirati dirham is paired on Palmex there will be a price increase for DBIX.

Shariah law does not permit banks to collect interest and therefore the banking system of the Western world is not considered halal (non compliant). In the last week well respected Islamic scholar and Sharia advisor, Mufti Muhammad Abu Bakar published a paper declaring the cryptocurrency is compliant with Sharia law. The nature of blockchain and undeniably proving ownership is likely the reason for this and sentiment within the Islamic community is that cryptocurrency is more compliant with Sharia law than banking. The publishing of this paper coincided with a $1,000 price increase of Bitcoin.

With 23% of the world’s population consisting of Muslims (1.6B people) and adoption of cryptocurrency still very low throughout every culture, this development could see further money from MENA / Islamic countries entering the market.

My good friend Jimmy has rightly pointed out that Ramadan is almost upon us and will begin on Tuesday 15th May and complete on Thursday 14th June. During this time it is expected there will be a massive influx of Muslims gathering in ‘holy’ cities such as Makkah and Madinah. Following Ramadan in 2017 (26/5–24/6) the price of DubaiCoin surged from $2.90 USD (21/5/17) to $47.40 USD (7/7/17) — an increase of 1,634%. In the December bull run, DBIX increased from ~$4.45 USD (22.12.17) to ~$34.90 (14.1.18) — a 784% increase.

Further news in the build-up to Ramadan is that ArabianChain is exhibiting at the Future Blockchain Summit in Dubai on 2nd & 3rd May.

So far, the ArabianChain team have been spot on with meeting milestones on their roadmap. Future milestones include:

Q2 2018

- Islamic banking on the blockchain (consumer loans) running on the ArabianChain network

- V2 release of the ArabianChain Studio (new features include further templates and cloud storage)

Q3 2018

- Thuraya AI release (an AI chatbot allowing users to create smart contracts using natural language conversations)

Q4 2018

- Permissioned Business Blockchain

Q1 2019

- release of ArabianChain SDK

Q2 2019

- ArabianChain Academy

- Management tools for Permissioned Business Blockchains

- R&D lab setup

Team

Founder / CEO — Mohammed Alsehli

(https://www.linkedin.com/in/mohammed-alsehli-7520a626/)

Mohammed has some impressive credentials. He was previously an enterprise architect at Alahli National Commercial Bank (largest bank in Saudi Arabia), 2 years at Microsoft as a Technical Account Manager and advisor to Jibrel Network and The British Blockchain Association.

COO — Ahmed Al Hasan

https://www.linkedin.com/in/ahmedbalhasan/

Ahmed was a Credit and AR Analyst at Motorola Solutions and a ‘Business Excellence Specialist’ at Microsoft for almost 6 years.(edited)

Other news:

In December 2017 it was reported that Dubai plans to have all visa applications, bill payments and licence renewals (over 100M documents per year) to be transacted via the blockchain. Smart Dubai are exploring ways in which government & private organisations can best adopt the blockchain and ArabianChain are assisting with moving all inter-governmental paperwork to the blockchain. Furthermore, the Global Blockchain Council has been established to work on blockchain applications in Dubai. Given the capability being developed by DubaiCoin they are well positioned to take a fair share of this market.

In December 2017 the Sharjah Department of eGovernment (DeG) developed a digital transformation roadmap for the whole of the emirate. Their focus was to develop a fully smart city using IoT and ArabianChain have collaborated with AE Business Intelligent System Solutions and Pinnacle Advisory to realise this vision. DubaiCoin have also been advising the Kingdom of Saudi Arabia on their National Blockchain Strategy and partnered with emirate companies in the area of banking, insurance, retail and healthcare.

Token metrics:

Current market cap: $11.2M USD

CMC ranking: 522

Circulating supply: 2.232M DBIX

Current price: $5.05USD (0.00054068 BTC)

Markets: Cryptopia, Livecoin, HitBTC

Final thoughts:

DubaiCoin / ArabianChain appears to be an extremely promising project and could be the Ethereum of the MENA. I expect that there will be a big pump around May / June (period of Ramadan) followed by a dump as in previous years however will slowly rise again as they gain more traction and exposure within the Islamic community.

Price predictions I have read range from 20x right up to 10,000x for this year. If DBIX were to 20x it would put them right in the top 150 by MC however this is more than achievable in my opinion. A 100x would put it just outside the top 20 by MC however this is a possibility if they continue hitting milestone targets as they have been.

My strategy:

I’m bullish on DBIX long term but see a potential pump coming into May / June when Ramadan is on. This is consistent with last year and with recent news regarding Sharia Law compliance of cryptocurrency I expect it will repeat itself.

My strategy is to maintain a small to moderate position. If my pump prediction is correct I’ll try to pick the top before I offload some and lock in profits before the imminent dip. I’ll then reassess for another buy in zone for a long term (6–12 month) hold.

Remember — this is my opinion only and trading is risky. It’s very likely I could crash and burn here but with my current strategy it’s a risk that I’m willing to take. Assess your risk profile before investing.

https://medium.com/@jerrylee_bb

https://www.facebook.com/jerryleebb/

https://www.instagram.com/jerrylee_bb/

https://twitter.com/the_jerry_lee

(I am not a financial advisor. This is not financial advice and is my opinion only. Please DO YOUR OWN RESEARCH!)

Shivom is creating a medical genomics ecosystem on the blockchain and will offer an open web marketplace for other healthcare providers to add their apps and services alongside genomic data analytics and personalised medicine.

Problem
• Genome sequencing had been previously expensive but costs are drastically reducing making sequencing more readily available.
• With increase in donors there are issues around data ownership, data sharing and data integrity.
• Genomic sequencing providers often sell genomic data for their own profit whilst donors aren’t compensated in any way.

Solution
• Easy access at an affordable price for donors to have their genome sequenced and stored.
• Blockchain addresses trust issues such as patient consent, unclear data ownership, data integrity and user authentication.
• Enables complex data rights management and fine grained access using smart contracts.

Current State of Product
The team assure me they have built a product, which is ready for release. I have been provided screenshots of their platform however have not seen the working product itself. The product thus far apparently allows for uploading of a DNA profile and storing onto IPFS as well as filtering of datasets and other functionality (which isn’t specified).

Team
Co-Founder & CEO — Dr Axel Schumacher
Axel has vast experience in this field, which includes writing the ‘Blockchain and Healthcare Strategy Guide’. He has a Ph.D. in Human Genetics and is a member of the Blockchain Research Institute.

Co-Founder & COO — Gourish Singla
Gourish has a background in investment banking and has founded his own chemicals company as well as another 3 in the digital health space. Her areas of expertise are blockchain, AI, machine learning and robotics.

Co-Founder & CMO — Sally Eaves
Sally has held positions as a Chief Technology Officer, Practising Professor of FinTech and Global Strategic Advisor. She has consistently been rated in the top 10 for blockchain and social media influence worldwide.

Co-Founder & CSO — Per Lind
Per is the Co-Founder of IOTA Foundation and specialises in engaging social marketing.

Co-Founder & CTO — Akash Gaurav
Akash is a blockchain entrepreneur and founded India’s first blockchain company, Auxesis Group. Auxesis Group is considered amongst the Top 100 Most Influential Blockchain Companies in the world.

Co-Founder & Chief Technology Advisor
Kumar is the founder of Cashaa, a blockchain based payment and banking startup and the Chairman of Auxesis Group.

Chief Scientific Officer — Dr Natalie Pankova
Natalie has been the Director of 2 early stage health-tech companies. She holds a Ph.D. from the Faculty of Medicine at the University of Toronto. Her research focus was on ophthalmology, inflammatory diseases, diagnostics and personalised medicine.

Overall the team looks very good with recent and relevant experience in the genome sequencing / medical industry and blockchain development. Most however are currently working on at least one other project each.

Community
Telegram 69,400 members
Medium 147 followers
Facebook 2,492 followers
Twitter 46,000 followers

Token Metrics
Softcap: 15,000 ETH
Hardcap: 75,000 ETH
Price: 7,000 OMX / ETH
Pre-sale: 16th April — 22nd April (pre-sale terms not yet officially released)
Public sale: Not officially released

Token distribution
• 3 billion tokens to be distributed
• 90M OmiX to the community
• 420M OmiX to founders
• 300M OmiX to advisors
• 600M OmiX for Incentivizing Growth Pool
• 600M OmiX to Company Reserve

*** Number of OmiX tokens at ICO not stated however appears to be 990M ***

*** Founder and advisor tokens are locked for between 18 months and 3 years dependant upon their involvement in the project and stage of entry into the company. ***

ICO funds distribution nominated as being:
• 20% — platform development
• 11% — operations and business development
• 10% — non profit R&D
• 21% — partnerships and marketing
• 5% — legal
• 2% — proof of concept
• 6% — data storage
• 25% — laboratories

The OmiX token enables buying, trading, incentivizing and other services. The token is the fuel of the Shivom ecosystem, as well as part of the governance of the system. Tokens offer the following:
• Ability to acquire premium services in the Shivom ecosystem
• Ability to acquire genome sequencing kits
• Ability to sponsor sequencing projects
• Ability to acquire access to health/fitness apps from 3rd party providers
• Ability to access the genome database
• Ability to pay donors for data/participation in research studies
• Ability for service providers to use the platform

Things I Like
• A potentially large market given world population however I’m not sure that too many care enough about genome sequencing for this market size to be realised. The team are however aware of this and research shows one of the biggest barriers for people when considering genomic testing is the security of their data. The blockchain solution offered by Shivom should resolve this problem.
• Recent partnership announced with Genetic Technologies Ltd (GTG), which is a publicly listed Australian company providing a clinically validated risk assessment test for non-hereditary breast cancer. This partnership provides Shivom with access to GTG’s accredited laboratory in Victoria, Australia. GTG will also become part of Shivom’s global genetic counselling network and obtain access to Shivom’s pool of genomic data. This also extends to GTG accredited facilities in the US.
• Recent MoU signed with the Government of Andhra Pradesh, which ‘explores the possibility of providing diagnostic services to patients of Andhra Pradesh by maintaining the privacy of the individual data through blockchain technologies’. It will also focus on shifting from using genomic data for research to using this data for predictive healthcare in a preventative approach. A part of this deal gives Shivom access to conduct pilot testing in the Andhra Pradesh cancer research centre working direct with government.

• A partnership with DeHedge in which Shivom will be the first token offered as a hedged token on their platform. This protects contributors (to some degree) from volatility and risk. The DeHedge team also stringently vet projects before accepting them onto their platform so this also offers some degree of certainty and trust in the Shivom project.
• Strategic technical partnerships with Ocean Protocol and Spherity Protocol.

Things I Don’t Like
• The majority of team members have at least one other project running concurrent to Shivom. Per Lind is particularly concerning with his LinkedIn profile listing involvement in a further 10 projects (including IOTA) from co-founder to partner, VP and director of these other organisations.
• 990M tokens available for ICO yet 600M are allocated for ‘incentives’ and another 600M for ‘company reserves’. In my opinion these numbers seem too high and I feel the incentives (bounty programs mentioned) will dilute the value of the tokens sold during ICO.

Final Thoughts
I reviewed Shivom a few months ago when they were in their early stages. At that time I declared I wouldn’t be contributing to this ICO however qualified that if further information became available I would reconsider.

I have now received further information from the Shivom team and after considering it in totality have still decided not to contribute. This does not mean Shivom is a bad project; in fact I believe they have a lot going for them. The team is very strong, token metrics are good, there is a clear use case for the blockchain and recently released partnership announcements appear very promising. The only reasons I’m not contributing are due to the current market conditions and the fact that I haven’t seen a working product as such; in this market I am not contributing to any projects without a prototype at the very least.

To finish off, I’d like to say that the Shivom Project has come a long way since my initial review. I am impressed to say the least and if it weren’t for current market conditions and an MVP were officially released I would definitely contribute.

‘The world’s first instant crypto overdrafts’

What is Nexo?

Nexo is a platform in which you can obtain a crypto overdraft in fiat currency by placing your crypto in an overdraft wallet. It saves you from selling; potentially missing out on gains and having to pay capital gains tax or exchange fees. (Not financial advice!)

Problem

Crypto enthusiasts hold currency and tokens often worth a substantial amount in fiat however due to the cost of exiting market and loss of potential upside are loath to convert back to fiat.

Solution

Credissimo is a publicly listed European FinTech company which was founded in 2007 and has been innovative in developing financial solutions. In 2016 Credissimo developed a Bitcoin loan repayment option which has evolved into crypto overdrafts with Nexo. Clients are able to place digital assets into a digital wallet and obtain an instant overdraft in fiat currency, with no minimum payment and only having to make payments (or add more crypto to their overdraft wallet) when the value of the overdraft wallet falls below a certain level. Additional credit is automatically available if the value of crypto in your overdraft wallet increases. Repayments can be made in fiat or NEXO tokens at a discount on the interest.

Current State of Product

The Nexo whitepaper doesn’t specify the current stage of development however their roadmap states that Instant Crypto Overdrafts in USD secured by BTC and ETH will be launched in April. The roadmap also specifies main token sale and listing on exchanges are expected in April 2018 and that the team are currently negotiating with ‘several notable exchanges, including one which will be the first US-regulated exchange for security tokens.’

Roadmap

Team

Co-founder — Kosta Kantchev

Kosta is the co-founder of Credissimo; the parent company of Nexo offering online lending solutions. The company has a presence if 5 European countries and has won numerous fintech awards.

Co-founder — Georgi Shulev

Georgi is on the Advisory Board of Credissimo and has previous financial markets industry in credit unions and a company of his own he founded.

Co-founder — Antoni Trenchev

Antoni was the CIO at Credissimo and previously a Member of Parliament in Bulgaria.

CTO — Vasil Petrov

Vasil is the co-founder of Drooble (a social network for musicians) and previous co-founder and CTO of US TTV which streamed Bulgarian TV to the US (since acquired).

Head of Corporate Finance — Kalin Metodiev

Kalin has an impressively broad range of experience in banking and finance.

Finance Director — Kamen Trendafilov

Kamen also has an impressive work history including consulting on mergers and acquisitions at EY, consulting on finance and accounting at KPMG and external financial auditing at PwC.

Advisors

Michael Arrington — Founder of TechCrunch / Arrington XRP Capital

Trevor Koverko — CEO of Polymath and blockchain investor

Ugo Bechis — e-payments and SEPA expert with vast experience in banking, finance and regulatory sectors.

Community

Telegram 55,000 members

Facebook 14,800 followers

Twitter 23,500 followers

Medium 94 followers

Token Metrics

Type: Security (US SEC-compliant, dividend paying and asset backed)

Chain: Ethereum (ERC20)

Ticker: NEXO

Hard cap: $50M USD

Total token: 750 000 000

Token Distribution

70% Token sale

15% Founders and team (48 months vesting quarterly)

8% Community building and airdrops (18 months vesting quarterly)

7% Advisors, legal & PR (up to 12 months vesting)

Token Usage

The NEXO token is the World’s First US SEC-compliant dividend-paying asset-backed security token with utility features. NEXO tokens are backed by the Overdraft assets portfolio and you receive dividends from Nexo profits while you are holding NEXO tokens. The NEXO tokens also have utility features:

· you can use NEXO tokens to make Overdraft repayments at discount on the interest;

· can use NEXO tokens in your Overdraft Wallet to increase your Overdraft Limit, again at discount on the interest.

Use of Proceeds

80% Crypto overdrafts funding

8% IT Development

7% Operational expenses

5% Marketing and growth

Things I Like

· Security token yet SEC approved

· Top shelf advisors

· Strong team with proven experience

· Large community backing

· Solid roadmap with clear milestones

Things I Don’t Like

· It is unclear what the current state of development is

· Minimum $5,000 USD investment with tiered discounts up to 50% in pre-sale which may indicate a dump once listed on an exchange

· Some FUD around Credissimo around their levels of customer service and high interest rates

Final Thoughts

I believe the Nexo offering is a good one and I would contribute for a small to medium position if I wasn’t saving ETH for other projects.

‘A decentralized network for censorship-resistant routing’

What is Mainframe?

Mainframe is a fully decentralized messaging platform for businesses offering reliable, private and secure messaging which is resistant to censorship, surveillance and disruption. It is built upon five fundamental principles:

· Encryption

· Peer-to-Peer Architecture

· Interoperability

· Dark Routing

· Incentivization

Problem

In recent years businesses have shown the threat of dragnet surveillance and corporate espionage is greater than we ever realised. On a lower level, when using domain-managed emails there are a number of links within the chain from sender to receiver who may not have the user’s best interests at heart.

According to the Mainframe whitepaper; Google, Apple and Microsoft power over 85% of the trillions of emails each year. When you think that these services are free, the email account holders aren’t their customers but rather the product these companies are monetizing.

Solution

The Mainframe Network is not only encrypted and privatises communications; it also is entirely decentralized and unhosted. Network performance is incentivized in the following ways:

· Incentivized packet routing

· Incentivized packet storage for retrieval at a subsequent time

· Incentivized file storage

· Incentivized data services

Current State of Product

Mainframe has built a mail boxing service, real time cross platform group chat called Onyx. This is the first app built on the Mainframe network and provides an experience similar to Slack with the censorship-resistance and surveillance resistance of the Mainframe network. An alpha version of Onyx was released in December 2017.

Roadmap

A development roadmap has been released for the Mainframe platform and Onyx however there are no dates specified.

Milestone 1 — Apollo

· Development of transitional managed infrastructure (called Mainframe nodes) prior to fully unhosted applications becoming available.

· Each node consists of a blockchain node with a messaging layer and other services required for storing messages and managing contacts.

· Maximum user sovereignty offering a managed node service (subscribed to with Mainframe tokens) or a self hosted option offering utilities for deployment to popular infrastructure platforms.

A beta version of Onyx will be released providing:

· Direct and group messaging

· Secure file attachments

· Full-text search for messages and contacts

Milestone 2 — Hawthorne

· Incentivized packet routing including node service discovery, functional swap contracts and invoicing.

· The addition of a shared mailbox mode as well as the default single user Mainframe node which stores messages in a separate database.

· This allows auditing and reviews by administrators with appropriate permissions.

Additional Onyx features implemented including:

· Organisation wide contact management.

· Threads

· Reactions

· Emojis

· Reminders

· Task sharing

· Presence

Milestone 3 — Gettysburg

· Full incentivization of all protocol layers including packet routing, delivery, hodling, file storage and data services. This will allow Onyx to run in fully unhosted mode.

· Richer identity and user credit rating APIs will make it easier for nodes to avoid default risk.

· Developer SDKs released allowing development of applications on the Mainframe platform.

· Release of a decentralized, user-curated marketplace for products and services developers build.

· Release of smart contracts, oracles and libraries for interacting with incentivization layers from other blockchains.

Team

CEO / Founder — Mick Hagen

Mick dropped out of Princeton to (ironically) found Zinch, an ed-tech startup that connected students throughout the world with higher education opportunities. This company was acquired by Chegg (publicly listed on the NYSE) for $45M in 2011. He leads a crypto investment syndicate, which raises about $6–8M per month. Prior to Mainframe, Mick founded Undrip which ultimately failed and lead to Mainframe being founded.

CTO — Carl Youngblood

Carl has extensive experience as a software engineer including time at Boeing, Cisco and Divvy. In 2017 he founded Blockchain Consulting LLC developing and deploying smart contracts before joining Mainframe.

VP — Brad Hagen

Brad co-founded Zinch with Mick Hagen and then went on to several other startups, the most notable of which was Brandr (acquired in 2016).

CMO — Austin Craig

Austin is listed on LinkedIn as the current CEO / Co-founder of Sketchbot and a freelance actor / producer. He also crowdfunded and produced the documentary, Life on Bitcoin which documented his experience travelling the world living exclusively on Bitcoin.

Business Development & Strategy — Matthew Larson

Matthew has a broad experience across business — from startups (founder at CareSimply and Cryptobuzz) to business development executive (Microsoft, Xamarin and Rhomobile).

VP Engineering — Shane Howley

Shane has a doctorate in Philosophy and Computer Science and has backed it up with 10 years of development experience.

Advisors

Lars Rasumssen — previously the lead for Facebook @ Work.

Georg Ell — previously the General Manager of Yammer and Fuzebox. He is currently the Director of Western Europe for Tesla.

Andy McLoughlin — founder of Huddle (team collaboration and project management software), angel investor and partner at Uncork Capital (formerly SoftTech VC).

Sam Khavari — previous software engineer at Hewlett Packard and Google. Previous co-founder and CTO of Stride Labs (collaboration software) and is currently an engineer at Snap Inc. (formerly Snapchat).

Hoa Viet Dinh — founder of Sparrow (an email client for OS X and iOS) which was acquired by Google in 2012 after launching in the App Store in 2011 and becoming the top paid and top grossing app in less than a day.

Shreyas Doshi — currently a product manager at Stripe and angel investor. Previous product manager at Twitter, Google and Yahoo.

Community

YouTube 58 subscribers

Medium

Instagram 195 followers

Facebook 625 followers

Twitter 3,360 followers

Telegram 13,400 members

Token Metrics

Hard cap: 30,000 ETH

No further token metrics have been released.

Token Distribution

50% — token sale

25% — Mainframe

25% — foster growth and adoption within the Mainframe ecosystem

Token Lock-up Periods

Private pre-sale: 31.25% released immediately and 6.25% for the following 11 months.

Founders & team: Vesting commences 3 months after Token Generation Event (TGE) and monthly for a 3 year period.

Token Usage

· The Mainframe tokens can be used within the Mainframe ecosystem in a number of ways:

· Incentivize the timely and efficient relay of packets between peers

· Incentivize the delivery of packet from sender to receiver

· Incentivize reliable decentralized file storage

· Incentivize the reliable decentralized data services

· As a medium of exchange on the Mainframe platform and used to buy / sell goods or services.

Things I Like

· Strong team with relevant experience

· Advisors are strategically chosen with a solid history

· Hard cap is not excessive

· Token distribution is fair

· Token lockup period preventing massive dumps of the token (could be a red flag depending on strategy!)

· Reasonably strong community with high demand for tokens

· The ability to run nodes

Things I Don’t Like

· No technical blockchain advisors

· Information on token metrics is limited

· Dates are not specified for milestone completion on the roadmap

Final Thoughts

I’m bullish on Mainframe and plan on contributing as long as the token metrics stack up when they’re eventually released (please don’t do an Endor on us). I’ll be taking a medium to heavy position on this offering should the metrics are right.

Full due diligence on the Nexo ICO coming soon.

Full due diligence for the Mainframe ICO coming soon.