Tokenbox Analysis of ICO Projects: July 9–15
1. Nervos (Singapore)
Nervos serves as a platform for dApps and protocols. This is another solution to the problem of scalability of public blockchains. The initial problem is low transaction speed and transaction fees, the cost of which increases or decreases when the load on the network changes. For this reason, you cannot deploy dApps at full strength, unless you use a separate blockchain specifically for the application.
Nervos is a 3rd generation blockchain with compatibility with other networks. It is noteworthy that participating in the development is one of the key developers of Ethereum, Xie Hanjian. He launched the Chinese crypto-exchange Yunbi in 2013 together with another developer Lv Guoning.
Nervos does not seek to become a monopolist, and therefore plans to create compatibility for Dapps working in different networks and in different languages.
Reducing the size of transactions and the complexity of the network is achieved using the following solution: users with their own keys agree with the change in network status, and then another participant can close the channel. Thus, only 2 transactions are obtained — to open the channel and to close the channel (state change).
Types of nodes in Nervos:
1. Archive Nodes are the main nodes of the network that check new blocks and transactions while saving all the logs of transactions on the disk.
2. Consensus Nodes participate in the CKB network consensus, check new transactions, package them into blocks and reach consensus on new blocks.
3. Light Nodes interact with light clients, reducing the consensus and transactional load, run on mobile devices and desktops.
Tokenomics of Nervos
The economic model is based on the maintenance of incentives for stakeholders. That is the node owners and users. As the cells are filled, holders receive their commission. To create a cell you need to pay. At the same time, the main liquidity is the unoccupied space in the cells.
By cross-coding, the CKB token allows you to convert other tokens to exclude fragmentation when users have to hold many different tokens. Information on the Hard Cap and the dates of the sale at this stage is not provided.
Note the main team members of Nervos.
Jan Xie is the founder of the project. He was in programming since 2005, worked in many companies, including working personally with Vitalik Buterin on Kasper and Sharding.
Ren Zhang is the principal researcher. For almost 6 years, simultaneously working on the doctoral dissertation, he keeps the position of an assistant at one of the departments at the University of KU Leuven, which is included in the top 100 universities in the world.
Terry Tai is the co-founder of the project. For 10 years he worked as a developer in many companies; he was the main developer of Yunbi, one of the earliest stock exchanges. Also, he has been leading one of the most popular podcasts about the blockchain Teahour. The team consists of 18 members, who are technically experienced specialists.
In conclusion: the Nervos project boasts a good technological base and a strong team. On the other hand, the market is already crowded with various solutions for scaling blockchains, and this will make it difficult for the token to grow in the long term. The team of analysts at the Tokenbox recommends waiting for further information on the tokenomics.
The final evaluation of the project is 7/10.
1. Perlin (Singapore)
Perlin is a decentralized platform with huge computing resources. The goal of the project and the team is to balance supply and demand for computational resources at the global level.
The developers also plan to launch the decentralized layer of computing — Perlin Network, which in the future will be executing exchanges of computing resources between suppliers and consumers.
The Perlin platform, built on the basis of DAG (Direct Acyclic Graph) using the new Avalanche consensus, will provide new opportunities for creating decentralized applications and scaling. Avalanche is the new consensus protocol first introduced in May 2018. Tests show that the capacity of Avalanche can reach 1300 tps.
The platform can work with unused computing power of mobile phones, computers and gaming consoles. To create a market for trustless computing, capacity suppliers will have to prove that they have a sufficient volume of these capacities. Clients of the platform will be able to determine the level of CPU and RAM they need for their computing tasks (a concept based on the principle of AMAZON AWS).
Project Tokenomics
The date of the start of the main sale is not yet known. HardCap: 45.000 ETH.
The price of the token: 0.20–0.25 $. Initially, PERL tokens will be released on the basis of Ethereum (ERC20), and later after the mainnet launch they will be replaced with PERL tokens.
Project team: Dorjee Sun, CEO, is a big-time venture investor, the founder of four quite successful companies. He also acted as an adviser in a few well-known ICOs: Santiment, Republic Protocol, Airbloc Protocol, Loki.
The second member of the team, Kenta Iwasaki, is a CTO/ developer with a lot of experience.
He worked in companies such as Magario International Company Limited (software development), NAVER (a major Korean company for developing online services), DJJ (the world leader in the production of drones).
Mirza Uddin, in charge of Business Development, is a venture investor. He has experience working in investment banking. He is an investor in Index Capital (the fund invested in Facebook and Dropbox in the early stages), Two Sigma, East Ventures (early investors OmiseGo and Bitflyer).
Anup Malani, in charge of Strategic Partnerships, is the founder of the International Innovative Corps (IIC). Among the investors of the project are Bitmain, F2pool, OKEX CAPITAL, HUOBI, Youbi Capital, DHVC (Dan Hua), Node Capital, LinkVC, LD Capital, Signum Capital, JD Capital, Arrington XRP Capital, BlockTower, and others.
Despite the minimal PR, a strong enough community has formed around the project (more than 28,000 people in the official Telegram channel). The project is in the portfolios of most top-end funds. It can boast of a strong team of developers and quality code. In terms of minuses there is a rather high HardCap. Among the competition of Perlin, there is quite a strong project — ANKR.
Summarizing, the Tokenbox team of analysts recommends the Perlin project for investment. The final score is 8/10.
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