Orchid Protocol ICO Analysis

Token: OCT (ERC20 Token)
Token price: ($0.50 or $0.70) *
Hard cap: USD 120mn Dollars
Total supply: 1 Billion token

NO ICO: No ICO will be conducted only Private sale. If you’re interested and an accredited investor you should contact the team directly.

*Token Price will depend on Vesting Schedule:
• $0.50, in which case the Tokens shall be subject to the 18- Month Vesting Schedule; or
• $0.70, in which case the Tokens shall be subject to the One- Year Vesting Schedule, in each case as shall be set forth and further described in the SAFT.

PROJECT OVERVIEW:

Orchid Labs is creating an open source protocol to end surveillance and censorship on the Internet.
Orchid enables a world where users own the Internet and anyone can be rewarded for contributing Internet resources including bandwidth, computing, and data storage.

The orchid protocol is an open-source overlay network that runs on top of the Internet. It’s fully decentralized, because rather than traffic being routed through central authorities — your ISP or your VPN — it’s instead routed randomly through a network of bandwidth contributors who sign-up to share their surplus bandwidth and activate their Internet-connected device as a “node.”

Users that want to access an uncensored Internet (bandwidth consumers) pay the bandwidth contributors in Orchid tokens through a peer-to-peer exchange. Because neither the traffic nor the payments can be monitored by central authorities, both contributors and consumers of bandwidth enjoy a fully anonymous, surveillance-free experience.

TOKEN UTILITY:
The Orchid Token (OCT) is used for payments within the Orchid Network. The Orchid Token is a new, Ethereum-based, ERC20-compatible, fixed-supply tokens.

TEAM, ADVISORS AND VC:

Team: (Strong Team)

Steve Waterhouse: Partner at Pantera Capital for almost 3 years.
Brian J Fox: Co-Founder, and CTO of Vworldc for 4 years.
Stephen Bell: Managing director at Trilogy for 9 years.
Gustav Simonsson: Core developer at Ethereum with focus on blockchain security and the Golang client during the beginning of Ethereum: https://github.com/Gustav-Simonsson

Advisors: (Strong)

Gavin Wood, Founder & CTO at Parity Technologies; Ethereum co founder / CTO
Dr. Dan Boneh: Professor and head of Cryptography at Stanford University’s Computer Science Department.

VC: (Very Strong Investors)

The company has raised $4.7M seed SAFT (Simple Agreement for Future Tokens) from investors including Sequoia, Andreessen Horowitz, DFJ, PolyChain Capital, Metastable, Blockchain Capital, Crunchfund, Struck Capital.
As on April 4,2018 the company has raised $45 million dollars as informed by Steve -CEO, Orchid Labs.

TOKENOMICS:
Company Token distribution is not very detailed and use of funds is also not well informed to investors.

ROADMAP: Not Announced yet

GITHUB:
Private Alpha

MARKETING: ( Not much effort on marketing)
Twitter followers: 14k
FB: 1k
The team do not have a telegram channel, which is a sign of weak marketing.

PROS/CONS:

PROS: Good Project with Strong Team and advisors profile. Project includes well proven VC’s in Blockchain world.

CONCERNS:

The team is not going for ICO and planning to raise funds by PVT sale, in which tokens will be locked for one year, which includes big future opportunity cost for investors.

Not much effort invested on Marketing, No roadmap details, Token distribution and usage of funds is not well presented and informed to investors.

CONCLUSION:

It will be a long term bet for investors and future uncertainty is the biggest risk in cryptospace, However with such a great project, team and VC’s.
Orchid Protocol has high return potential with huge risk.

We would rate this Project for Private investments 6.5/10

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