Block Collider ICO Analysis
ICO Token: Emblem
ICO Token price: 0.07$
Hard cap: $7mn (Which is low)
Token sold in pre sale: $4mn ($3mn remaining for ICO)
Token sold in ICO: 100mn (33%)
Total supply: 300mn
PROJECT OVERVIEW:
The Block Collider multichain will launch with five compatible blockchains running on technology created to work across hundreds. A sixth hidden chain will also be added which is not revealed yet. The addition of new chains is decided through a democratic community-led governance process.
ICO’s will be able to reach more users : By enabling your Ethereum, NEO, or Waves smart contract or service to accept user transactions from other chains like NEO, Waves, or Lisk and with more on plan. This will ultimately leads to increased liquidity of all blockchains involved.
Backwards compatible: Block Collider lets you keep creating smart contracts in whatever programming language you are used to. With built-in compilers take care of deploying and executing the contract in its native VM.
Avon Chat bot: A blockchain wallet you can have a conversation with for transactions.
Proof of Edit distance:
https://blog.blockcollider.org/building-a- blockchain-singularity- with- proof-of- edit-distance- 1d60c328de7a
TOKEN UTILITY:
Miners who have a balance of Emblems can add more transactions per block than the default amount, thereby collecting more fees.
NRG is the primary currency of the Block Collider. It is what is awarded to miners when they win a block, and it is how fees required to execute transactions are paid. The relationship to Emblems could be compared with the relationship Gas has with Ethereum, except that Emblems do not automatically generate NRG.
Like Emblems, NRG has a fixed supply; the total NRG available is around 9.8 billion.
Unlike Emblems, NRG can be mined. NRG mining rewards diminish over time so that mining can continue ad infinitum on its fixed supply.
TEAM, ADVISORS AND VC: (Weak)
Team and advisors
Patrick McConlogue founder did not update his linkedIn profile and when asked he mentioned that LinkedIn isn’t his priority
Team is not much impressive with Arjun graduated in 2017 from college taking control of Blockcollider lacks experience but Github profile of CTO Tomas Korcak is worth a look https://github.com/korczis
VC: ( no information provided)
TOKENOMICS:
Initially there were 3mn Emblems, which later changed to 300mn out of which 100mn are for sale in ICO.
From the remaining 200mn: Details are to be announced but when discussed with Arjun (100mn with team) and (100mn with foundation for liquidity and mining)
Vesting schedule is to be announced
ROADMAP: (To be announced)
GITHUB: (Private and will be making public soon)
MARKETING:
Twitter followers: 2,000
Telegram: 9,500
Reddit: 108 readers as of now.
PROS/CONS:
PROS: CTO Github, Detailed Whitepaper, Low hardcap, Avon Chat bot
CONCERNS: Weak team lacks experience, No Public Roadmap and Github, No Solid Advisors and VC
CONCLUSION:
Block collider has strong concept but does not have a working product and Github and roadmap are also not public yet with red flags on the team. Our rating for this ICO is 5/10
