Ultra is a next-generation game distribution platform that intends to give players and developers more options and a chance to escape current monopolies in the gaming industry. The platform will be a PC publishing marketplace that intends to reward developers more fairly and assist with game marketing, all with the power of blockchain technology.
The Ultra team says in their whitepaper how more than 88% of the PC gaming market is currently untapped, but many developers who operate outside of Steam run into a lot of trouble relating to publicizing their games and keeping pace with Steam’s influence. Blockchain technology makes payments an instantaneous process and can help decentralize in a myriad of other ways, and Ultra believes their platform will foster gaming innovation by developers and incentivize users via a token economy that doles out referral bonuses and other digital goods.
Ultra’s platform combines a variety of technology and features that have been developed over several years. Players using Ultra will be able to play a game even before it is fully downloaded thanks to a content distribution system that keeps downloading data while people are playing. This technology also encompasses automatic game updates and error recovery, and has been licensed to a number of leading companies, like Adobe, Riot, and Zenimax.
Users will have access to Ultra’s advertisement technology, which is designed to help product promotion with Ultra Coins that can be earned from sales. The program also includes a revenue sharing system that lets people receive payment after authorizing ads on the Ultra platform.
The platform will incorporate a number of engagement features into gameplay and usage, including text and voice chat and feeds displaying top content and leading news.
All purchases will be conducted with smart contracts that mandate the use of Ultra Coins, otherwise known as UTA tokens. Features like loyalty programs, advertisements, and digital goods trading are conducted with UTA tokens. Right now, the team says their token generation event will take place during Q3 of 2018.
Total Token Supply: 1,950,000,000
The team is made up of experienced video game industry professionals and entrepreneurs. Co-CEO David Hanson was a top executive at a video game studio that was bought by Kingsoft and was the CEO of a $100 million game console project called Xiaobawang. Co-CEO Nicholas Gilot was the CSO of Xiaobawang and has boosted revenue on a number of game/app projects.
Advisors include Edward Moalem, former Senior Director & Manager at Apple and Google, and Ritche Corpus, Head of Worldwide Content and Director of SW Alliances at AMD. Overall, Ultra currently has more than 32 full-time team members.
Natural Language Smart Contracts Writable By Any Human
Emotiq wants to make developing a smart contract to support a commercial transaction or dApp as easy as driving a car. Like the car engineer who makes the user interface easy to use and intuitive, Emotiq aims to make blockchain apps development accessible and accelerate adoption. A crucial difference is Emotiq lets anyone be the engineer. As part of its shared toolbox, the blockchain is rolling out a natural programming language and smart contract components called Oracles that assemble like Legos.
But first, Emotiq needed to remedy issues in the blockchain the smart contracts will run on — namely, a lack of privacy and scalability, which typically suffer as transaction processing performance improves.
Scaling the Blockchain With a Secure Ledger
Scalability versus speed is the most obstinate trade off to achieve. In its mission to improve the transaction processing capacity of the blockchain, Emotiq is the first blockchain to deploy the OmniLedger, a permission-less secure ledger. The sharding application uses horizontal scaling to partition the digital ledger into faster and smaller data shards, while avoiding the high hardware and energy requirements of vertical scaling.
OmniLedger processes thousands of transactions per second, a rate on par with major credit card processing speeds, making Emotiq a commercial ready blockchain. Currently, Ethereum and Bitcoin processing speeds are 13 and 7 seconds, respectively.
Simplifying Smart Contracts
The improvement in scalability means dApps can process data faster and at higher volumes. The development of dApps, however, is not happening at a fast enough pace to revolutionize the blockchain, says Emotiq. Currently, specialized programming skills are required to write smart contracts.
Emotiq figured that making smart contracts easier to create would accelerate the development of dApps. The blockchain designed its own smart contract programming language, called Ring, based on natural language. Smart contractor developers do not need to know coding language to design a smart contract. Natural programming language uses sentences as code while syntactically and semantically imitatong the way humans think.
Smart contracts can be tested in the Ring VM Sandbox, after being converted to Lisp. Programmers have the option of writing the contract directly in Lisp. These contracts are compatible with those written with Ethereum Solidity. Emotiq also provides easy-to-create applications.
Privacy & Zero Knowledge Proofs
Notably, these improvements in transaction processing performance have not been made at the expense of privacy or security. Emotiq transactions require zero knowledge proofs thereby avoiding the public ledger and maintaining privacy. The cryptographic protocol guarantees important transaction information without revealing the identity of the sender. Furthermore, like with Monero and ZeroCash, transaction amounts are hidden.
The blockchain is using the Proof of Stake mining protocol to benefit from the higher throughout and lower energy costs.
EMTQ tokens are used for payment transactions and paying for resources used on the Emotiq platform.
Child tokens can be used for ICOs or token generating events. Through Emotiq’s decentralized exchange, DEX, EMTQ can be traded with BTC and ETH using cross-chain atomic swaps.
Symbol: EMTQ (ERC-20)
Token Sale: June 15, 2018
Token Rate: 1 EMTQ = 0.13 USD
Available Tokens for Sale: 51%
Token Supply: 1 billion
Hard cap: $39 million
The Mainnet is expected to be launched by the end of the year, following the testing of the blockchain protocol launched at the beginning of the year. Funds from the token generation event will be used to expand the ecosystem, which includes providing venture funding for projects developed for the Emotiq blockchain. In addition to expanding its research team, Emotiq will continue to invest in smart contract languages to accelerate adoption in the mass and enterprise market.
Joel Reymont, CEO
Vladimir Lebedev, VP of Engineering
Emma Cooper, COO
David McClain, PhD, Chief Rocket Scientist
The Cross-Chain Cryptocurrency Building a Meritocracy
Has cryptocurrency’s promise of collaborative value creation deteriorated into competitive cannibalization? “Personal attacks, fear-spreading, smears and conspiracy theories” is how pioneering Bitcoin core developer and Metronome founder Jeff Garzik recently characterized the infighting in the Bitcoin community over the cryptocurrency’s future architecture.
As more new cryptocurrencies are introduced and become the currency of their respective blockchain platforms, tribalism has indeed set in. At this early development stage, each blockchain operates more like a fiefdom with a closed token economy rather than nodes in a sharing economy network. Getting back to the basics of cryptoeconomics, Metronome’s cross-platform cryptocurrency is positioning itself as a universal currency of the cyrpto economy. The ERC-20 compliant coin is the first that can be used across different blockchains.
Seamless Chain Switching
Garzik (CEO) together with Metronome co-founder Matthew Roszak (chairman), both partners in Bloq—a consultancy to enterprises implementing blockchain solutions — conceived of the need for a currency that could seamlessly change tracks like a train. Thus, Metronome was designed to be used across all blockchain platforms.
Like a train car, users can switch to the blockchain or sidechain that best suits their interests such as for speed, preferred apps and so on. Sidechains — blockchain protocol extensions optimized for special app requirements such as high speed, high transaction volume, computational requirements, privacy or tradable game tokens — further bifurcate blockchain services without interoperability mechanisms such as the Metronome coin.
Mayhem for Market Manipulators
Metronome has implemented several mechanisms to create a stabler currency less susceptible to fluctuations from central banker decisions, big money moves, and the heightened commercial and competitive risks of token economies. The cross-chain currency seeks to avoid the fate of Bitcoin (BTC) whose price, like that of fiat currencies, is highly influenced by large speculative investors. These whales control one-third, or $37.5 billion, of the bitcoin market, according to Chainanalysis. Metronome, in contrast, has insulated its coin from manipulation by human intervention by creating fully autonomous smart contracts.
Keeping speculators further at bay, unlike many major cryptocurrencies that centrally manage the control and supply of coin — the supply of Bitcoin and Litecoin (LTC), for instance, will eventually go to zero — Metronome’s daily distribution is predetermined and capped at 2.000 percent annually, thereby providing a controlled and predictable token supply. Crucially, Metronome is not subject to a hard cap such as Bitcoin, Litecoin or ZCash (ZEC).
Steady Supply – MET vs. Popular Cryptocurrency Mintage
The coins will be distributed through a daily descending price auction indefinitely to produce a stable supply. Metronome will gradually reduce the inflation rate, but unlike Bitcoin, which will ultimately remove the effect of inflation altogether, Metronome’s inflation rate will instead adjust to 2 percent ad infinitum. The descending auction provides a fairer and more equal distribution of tokens, preventing whales from controlling the supply, and thus prices.
The Metronome token (MET) serves as both a store of value and cash. The token can be used for transactions and payments with an expected transaction speed of 15—30 seconds. A subscriptions service supports recurring payments among users.
In support of its commitment to creating a true meritocracy, Metronome has eschewed the practice of giving preferential token access to institutional investors through a pre-sale. Jumping straight to the main sale, the token sale starts June 18th and will last until all tokens are sold, or after seven days. Ten million MET tokens will be issued, of which 80 percent are available to the public. The remaining two million coins will provide liquidity to the marketplace. The sale is a descending price auction starting at 2 ETH and descending to 0.0000033 ETH.
Symbol: MET (ERC-20)
Token Sale: June 18, 2018 (up to seven days)
Descending Auction Starting Price: 1 MET= 2 ETH, Ending Price: 1 MET = 0.0000033 ETH
Available Tokens for Sale: 80%
Token Supply: 10,000,000
Metronome will launch its first cross-chain on the Ethereum Classic platform (ETC) in the third quarter of 2018.
Jeff Garzik, CEO & Founder/Chief Designer
Matthew Roszak, Chairman & Co-founder
Peter Vessenes, Chief Cryptographer
Ryan Condron, Chief Engineer
Gustav Simonsson, Orchid Labs Co-founder
Jim Newsome, Delta Strategy/Former CFTC Chairman
Dan Tapscott, Blockchain Research Institute
Vinny Lingham, Civic
Don Wilson, DRW
William Mougayar, Token Summit
Foam’s mission is to “build a consensus-driven map of the world that can be trusted for all applications.” Their Proof of Location protocol utilizes radio technology and the Ethereum blockchain to provide secure location services. Users, called “cartographers,” act as beacons to provide anonymous data to a decentralized network. Foam incentivizes users to share their data through their forthcoming utility token.
Foam’s protocol is a unique offering that improves upon the current leader for location services, GPS, in several ways:
GPS is both easily spoofable and centralized, utilizing government owned satellites to triangulate location data. This makes the technology vulnerable to malicious parties.
Foam has a consensus driven approach where users become beacons that share their data with the network, the more “cartographers” that share their location, the more accurate the data becomes. Foam also improves upon GPS’ accuracy issues-while satellites may have a hard time penetrating indoors or underground, this is not a problem for Foam’s radio technology.
Foam occupies the virtually unexplored space of location services on the blockchain. Foam’s closest competitor is XYO, a company that uses GPS and Bluetooth based tiles to provide accurate location services.
There are three elements to Foam:
Crypto Spatial Coordinates – The standard for identifying coordinates. CSC’s combine Ethereum smart contract addresses with a physical space location. The addresses are immutable and verifiable both on- and off-chain. This interaction allows the addresses to be accessible to decentralized applications.
Spatial Index and Visualizer – A visual blockchain explorer. It allows users to interact and engage with spatial data. It can also serve as the front-end interface for dApps that need to visualize smart contracts on a map.
Proof of Location – Protocol that allows users to verify that they are at a certain place at a certain time. Users are always in control of their data, which can be shared at their discretion.
FOAM was founded by three people: Ryan John King (CEO), Kristoffer Josefsson (CTO), and Katya Zavyalova (CCO). Kristoffer Josefsson was an early member of Consensys and a founding member of BlockApps, a company that streamlines dApp launches. Ryan previously worked as blockchain consultant while Katya is new professionally to the blockchain space.
The project has received accolades from cryptoasset space leaders such as Simone de la Rouviere (Consensys) and Matt Condon (lead maintainer of Ethereum library OpenZeppelin.
Foam plans to release a crypto token later this summer. The FOAM token will be a utility that incentivizes users to contribute accurate location data. Users can enter into Token Curated Registries – community driven lists where users can stake their tokens in order to submit accurate crypto-spatial coordinates. Users can also stake tokens to “Signal”-A kind of bounty system where users are incentivized to report location data for different reasons, such as less well served areas.
Token sale details have not been released, but Foam is listed as a Token Fondry project.
Digital wallets are competing fiercely on new features to be more than a place to store crypto and fiat money. Any new features, however, are by design limited to the capacity and functionality of the blockchain. For most wallets, the blockchain of choice is the Ethereum network.
CryptoCurve has created an interoperable wallet on Wanchain—a blockchain that creates smart contracts which operate across public and private chains.
A Low Learning Curve for Crypto Wallets
In addition to providing privacy features, the cross-chain platform offers a number of currency management benefits. The aim of the wallet developers was to add more services such as trading while making digital wallets easier to use. Currently, multi-currency trading is complex. Finding partners in cross cryptocurrency trading can be difficult and may even require going to a more liquid exchange. Each exchange will require the trader to go through the KYC verification process.
CryptoCurve, on the other hand, swaps digital assets in real time. Converting among crypto and fiat assets is easily and quickly facilitated with the ‘Nuke’ feature, which allows wallet holders to liquidate all or a set percentage of a portfolio. Taking a snapshot of an account enables the wallet holder to revert back to the currency allocation before the nuke. The Nuke feature not only converts across BTC and ETH but also the increasingly popular stable coins. A fiat gateway allows fiat to be traded without trading it for BCT or ETH.
ICOs & Pooling
When a sufficient amount of CURV tokens are acquired, the investor may run their own pooling of smart contracts. Custom pooling can be used to raise funds for initial coin offerings or digital asset issuance.
The system can set hard caps and help ensure funding targets are met. Cryptocurrency can be purchased directly from the wallet with a bank account or credit card.
Wanchain connects digital assets across chains. This connectivity allows transactions, credit risk and other trade flows to function decentrally, removing centralized counterparty risk.
At the same time, the digital ledger delivers conventional blockchain benefits such as audibility and trackability while provisingprivacy protection remain
Like trading, investing in ICOs is simplified. Only one KYC verification is required versus having to be vetted by each ICO issuer. By investing in CURV, through the smart contract, the investor is invested in all ICOs hosted by Curve. The more CURVE tokens staked, the more free airdrop tokens received from ICOs. The wallet is well prepared for an increased in crypto trading regulation; Curve ICOs are securities-compliant. To preserve the value of Curve tokens, CryptoCurve buys up and burns tokens each quarter.
Wanchain is offering technical, marketing and other support to projects that launch on its blockchain alternative. The chain has switched from the ERC-20 token standard to its own Wanchain protocol.
Wanchain president Dustin Byington is a CryptoCurve advisor. The former Goldman Sachs analyst has three other blockchain businesses behind him, Satoshi Talent, Tendermint, and Stokens Venture Capital.
CryptoCurve has replaced the Ethereum compliant token (ERC-20) with its own Wanchain protocol (WRC-20). Discounts are available when trading in crypto and fiat currencies, and investing in ICOs using the CURV token. When enough CURV tokens are accumulated, investors can create and run pooling smart contracts.
Sign up for the pre-sale on the CryptoCurve website.
Symbol: CURV (WRC-20)
Presale: May 22, 2018 – June 6, 2018
Token Sale: July –September
Price: 1 CURV = $0.20
Available Tokens for Sale: 50%
Token Supply: 415,000,000
Full cross-chain functionality and portfolio tracking will be offered at the end of 2018. Meanwhile, basic CryptoCurve wallet functionality will be available by mid-year 2018. ICO investing, and Wanchain and Ethereum ICO pooling will follow. True multi-currency trading, llllll-chain trading will be available in 2019.
Joshua Halferty, CEO
Xander Yi, CFO
Andrew Kerrison, Architecture
Alex Lenart, Creator of Experience
Andre Cronje, Blockchain Infrastructure Engineer
Anton Nell, Web/Mobile Engineer
Dustin Byington – President, Wanchain Foundation Limited
Mark Ashelford – Russells Solicitors
Rajesh Gopi – Head, Products & Business Development, Wanchain Foundation Limited
Addison Huegel – Managing Partner, Elevator Communications
Tim Bukher – Partner, Thompson Bukher
Dr. Moe Levin – World Blockchain Forum
Agora is a blockchain-based solution for today’s voting systems to help people conduct and carry out free and fair elections across the world. First formed as a voting technology company back in 2015, the team worked with a number of cryptographers and security scientists to build a blockchain voting solution to ensure that votes cast are verified, unaltered, and accessible to outside analysis.
Many conventional voting systems, like electronic machines and paper ballots, are prone to error and inefficient. Many electronic voting machines have faced security vulnerabilities that have placed vote validity in jeopardy, especially since they can be susceptible to hacking. Even when the voting process is smooth, many electronic machines have short lifespans and are costly to replace.
Paper ballots can result in large costs for printing, transportation, counting, and security, and establishing physical voting stations across large areas can be very expensive and difficult. Paper ballots also only have as much integrity as the administrators who are in charge of tabulating results. Agora believes their blockchain solution will solve these two major issues in a way that will help cut election costs and be easy to integrate.
How Agora Works
The actual Agora architecture encompasses five different layers that interact with each other to ensure a secure voting environment. The Bulletin Board blockchain provides an immutable record of election data that can be accessed by those with the right authentication. The Bulletin Board interacts with the Cotena layer, which provides decentralized immunity to data on the permissions layer.
The Bitcoin blockchain records all transactions on Bitcoin’s network. Cotena stores a hash of the most recent Skipblock inside of a Bitcoin transaction opcode. The Valeda layer validates election results and serves as the final public evidence that data is valid. The Agora team will provide a toolkit for people to audit through Valeda, but it is possible to audit using custom code. Finally, Votapp is the application layer of the platform that lets people participate in an election, or write applications to make processes more user-friendly.
The VOTE token serves as the asset for the entire Agora ecosystem. It helps incentivize people and groups to contribute towards secure elections. Users can potentially be rewarded for verifying their votes and auditing the results of other elections. There will be a total token supply of one billion, with each VOTE token costing $0.051 each. The pre-ICO started on May 1st, and the main ICO is currently scheduled to commence on August 30th.
Symbol: VOTE (ERC-20)
Token Sale: September 15, 2018
Hard Cap: $20,000,000 (50% of token supply)
CEO Leonardo Gammar holds degrees from the Swiss Federal Institute of Technology and has run venture capital and algorithmic trading investment funds. Advisors include Jaron Lukasiewicz, founder of Coinsetter, and Prabhakar Reddy, investor at Accel Partners. Project ambassadors include H.E. Ameenah Gurib-Fakim, the sixth President of Mauritius, and Kateryna Yushchenko, Professor at the Banking University of Ukraine.
Kambria is an open source innovation platform on the blockchain providing a collaborative development environment for the complete robotics development cycle—from coding to the on demand manufacturing and assembly of components and robotic machines.
Any one with the Kambria token (KAT) can interact in the system and contribute ideation, capital, robotics technology and manufacturing capacity. To encourage robotics devs to support interoperability, Kambria provides the development tools and incentives to develop compatible modules across software, hardware, firmware, electrical and mechanical technologies.
The Carnegie Mellon and Stanford engineering alumni who make up the core team of Kambria learned from experience that the current silo approach to robotics development is too slow and expensive. By providing a platform for developers to cooperatively build advanced robotics, the engineers expect to make an earlier robotic project, the Ohmni home robot, a regular household appliance. Though Ohmni’s life-like telepresence creates the impression a distant loved one has been teleported into the room with family members, the $1,900 price tag makes the robot a novelty.
What is collaborative robotics?
Roboticists are learning a lot about the power of distributed work from swarming ants. To make universally affordable robots, like ant swarms, the Kambria team is using collective tasks to build a faster, cheaper, and better bot.
Collaborative robotics is expected to significantly accelerate robotics development by promoting interoperability and eliminating duplicate tasks, which Kambria estimates to be 85 percent of efforts.
Robotics devs have access to a repository of development tools and receive tokens when they contribute their technology back to the Kambria ecosystem.
Under an open collaborative system spanning the full robotics production chain, technology can be easily and quickly tested—and excel or fail—across diverse development and manufacturing environments, thereby accelerating innovation. Kambria’s manufacturing alliance—a network of robotics fabricators—can stamp out robotics products in days, significantly lowering the expense of having to build a custom robotics fabrication plant.
What happens when you unleash crypto-economics on robots?
Robotics development will take place at 10 times the speed and efficiency than under the current silo mentality, estimates the Kambria team. Key to this acceleration is aligning incentives across the robotics development cycle. Robotics development is slow and expensive because developers are mostly tinkering in silos. Without incentives to share, however, devs are not going to leave their silos.
Kambria’s solution is to provide incentives to share technology while penalties and legal actions act as a disincentive for free riders using the system. Developers who are ready to break out of the silos that stifle innovation in favor of collaboration will be rewarded by the Kambria system in various ways. On the Kambria platform, a project like Ohmni can launch a Kickstarter-type campaign and get paid in KAT rather than fiat money. As mentioned, devs will be rewarded with KAT tokens when they contribute robotics technology to the platform. Manufacturers can also earn tokens by manufacturing and using the robotics technology in the Kambria ecosystem. Other members can benefit by investing in and promoting the robotics products in the ecosystem.
Ultimately, Kambria reasons that open code, data and technology will lead to advances in artificial intelligence while machine learning will teach algorithms how to build better robots. The resultant value created in the ecosystem, according to the fundamental laws of crypto-economics, will be shared among all members.
Kambria Architecture and Utility Token Model:
How does the bounty program fairly price robotic development demand?
In the Kambria ecosystem, If a company requires custom robotics such as a sensor or control logic, a bounty program can be launched via a smart contract that embeds the token rewards. The bounty, which should price in the complexity and demand for the technology, can range from $100 to over $1 million. Other projects requiring the same robotics technology can join the bounty and increase the stake. Under this model, the bounty price should reflect market demand. To support the ongoing development process, funds can be released in tranches to developers.
The K-Prize of $500k and up rewards the development of value and applications in the Kambria system.
Bonus rewards may also be paid.
TOKEN SALE / Kambria ecosystem
The Kambria token (KAT) is the currency for interactions in the robotics development ecosystem. The Kambria team is gearing up for its initial coin offering (ICO), which should take place before the full launch in Q1 2019. Sign up on the Kambria site for updates.
OhmniLabs has introduced the Ohmni DevKit as the first shared robotics resource on the Kambria platform. The move to the open innovation platform is expected to help the home robot, as well as many other robotics devices, deploy in home and industrial applications earlier.
Symbol: KAT (ERC-20)
Available Tokens for Sale: 50%
Token Supply: 5,000,000,000
Dr. Thuc Vu, Cofounder and CEO (LinkedIn)
Jared Go, Cofounder – CTO of OhmniLabs
Tingxi Tan, Cofounder – Cofounder of OhmniLabs
Manuela Veloso – AI and Robotics
Dhana Pawar– Marketing
Ned Semonite – Partnerships
Loi Luu – Kyber Network
Mike Hodges – ATA Ventures
George Li – WeTrust
Simon Seojoon Kim – Hashed
Dr. Long Vuong – Tomochain
Lily Sarafan – Home Care Assistance
Kepler Technologies aims to create a worldwide marketplace where robot, artificial intelligence, and other high-tech start-ups can connect with interested investors who are ready to fund projects. The platform will utilize algorithms to offer people investment opportunities via tokenized assets that are backed with tangible assets like land, high-tech lab equipment and other products.
The continued development of artificial intelligence and robotics has placed society in the midst of a major technological revolution. Technology of all types has become inseparable in the daily lives of billions of people, but continued innovation and development is usually centralized in the hands of a few major companies that control the lion’s share of the market.
The Kepler marketplace will help spurn on technological breakthroughs as new and modern advancements receive funding in a transparent manner. Aside from the creation of robotic and AI solutions to different problems, another goal for Kepler is the creation of a decentralized distribution system that shares wealth and profits to users in an even manner.
The team has also acquired 550,00 square meters of land in the country of Georgia to use for infrastructure concerning the design, production, and testing of robots.
The KEP token is an ERC20 token that will be used on the platform to invest and access the Kepler platform. Investors who buy tokens will be able to see how they have been used. Tokens can also be used to buy robots, licenses, AI subscription services, and products that are associated with partnership ventures.
Kepler’s pre-ICO is currently scheduled from May 22nd until June 6th. The ICO is currently scheduled to start on June 26th and run until July 17th. The team says there will be a maximum supply of 100,000,000 KEP tokens that will be priced at $1.25 each, with a total hard cap of $62.5 million.
Presale: May 22, 2018 – June 6, 2018
Token Sale: June 26, 2017 – July 27, 2018
Price: 1 KEP = $1.25
Available Tokens for Sale: 61,000,000
Token Supply: 100,000,000
The company has received a significant amount of attention from those in the cryptocurrency world. Investors contributed about $2.7 million dollars through the project’s Community Building Stage.
The Kepler Technologies team is well-built out and has been very active in attending and contributing at various blockchain meetings and conferences across the world. CEO Giorgi Topuria is an experienced start-up investor in Georgia and has worked on blockchain solutions for companies in the country. Advisors include Norbert Radoki, CEO of Bitcoinist.com and Reuben Godfrey, co-founder of the Blockchain Association of Ireland.
Team members have partnered with entities like Georgia’s Innovation and Technology Agency and LimeHk, a Hong Kong-based start-up acceleration. The project has received high ratings from several ICO review websites, including ICO Bench (4.9), Track ICO (5), and ICO Bazarr (AA).
Fantom is the world’s first Directed Acrylic Graph (DAG) based smart contract platform. The project intends to fix key issues with scalability and transaction confirmation time that plagues existing blockchain and cryptocurrency-related projects.
The Fantom team hopes to offer a service that provides secure and quick transactions via an open-source platform. They intend for Fantom to build upon current projects like IOTA, Nano, and Byteball that are already DAG-based. Fantom is setting themselves apart from potential competition by including dAPP smart contract infrastructure in conjunction with a DAG-based platform.
Fantom Project Technicalities
The Fantom Virtual Machine is scheduled to be unveiled on GitHub in June, and the main platform is slated to launch in Q3 2019. Stage one of the project is scheduled to be fulfilled around June 15th, 2018. Elements include the middleware beta launch, distribution of the Fantom wallet, and the design of Fantom architecture.
The entire project has three different layers. The bottom (OPERA Core) is designed for maintaining node consensus. The middle layer (OPERA Ware) will provide functionality for tasks like payment and incentivization. The top layer (OPERA Application) will offer public APIs for others to use.
A ERC20 token that will be released during the token sale will function as a placeholder for the Fantom FTM token. Tokens will be able to be swapped once the platform launches. Those on the platform can use the FTM token to pay for transaction fees and enable platform access. The Fanton team will also use FTM tokens to incentivize participation by rewarding nodes and users.
The token sale is currently scheduled to start on June 15th. According to the Fantom team, the tokens will be pegged to the USD and there will be 1,270,000,000 tokens available for purchase. The hard cap is currently set at $US 39.8 million, and money will be used for platform development, marketing, promotional activities, legal affairs, and administrative costs.
Token Sale: June 15 – 29
Hard Cap: $39,900,000 (40% of token supply)
Total Tokens: 3,550,000,000
Fantom has an experienced and well-built out team that incorporates people from a variety of relevant disciplines. CEO Ahn Byung Ik holds a Ph.D in computer science and has been featured across many of South Korea’s leading business media outlets. He is also the founder of the SikSin food-tech platform that has over 3.5 million downloads. Advisors include Steve Bellotti, CEO of Digital Currency Holdings, Eddy Travia, Co-Founder of Coinsilium, and Ran Neu Ner, current CNBC Cryptotrader Host.
The project has garnered a significant amount of news and the team members have not been shy about teaming up with other companies. Current partners include Oracle, SBCK, the South Korea Food Tech Association, Quantum Equity Partners, and Blockwater Capital.