🕵️‍ ICO Watch Eric Eissler

Creative Content Always Gets Promises that are Broken: Past-ICO Review

👁 ICO Watch
Elastos Internet promises to be able to allow for registration and management of creative content, however, the news trail went cold two months ago despite a stronger the
Creative Content Always Gets Promises that are Broken: Past-ICO Review

Elastos is planned to be a platform for DApps, which will run on a peer-to-peer network with no centralized control. The platform is embracing the decentralized theme that is commonly associated with the crypto industry. Elastos users will be able to access these DApps via their mobile phones.

The main role of Elastos is to issue IDs for digital content by using Blockchain technology, making it possible to know who owns which digital assets. For example, on the Elastos Internet, filmmakers will know how many times their movies were viewed and this can be helpful to them.

Financials

The Elastos token sale ran from Jan. 2 to Jan. 23, 2018 and raised $95 mln. The token entered the market on Feb. 1 at $44 and surged upwards to an all-time high of $83.19 on Feb. 23, before beginning a downwards decent. It hit a low of $25 on April 9, before rebounding to $63 on May 5. However, like most of the crypto market right now, which is very bearish, the price sits at $9.40. The token price appears to be on an upward trend now. The market cap is still strong at $73 mln. There are almost eight mln coins currently in circulation with a total number of 32 mln.

💼 Related Article
Indiegogo Hosts Token Sale For Colorado-based Luxury Hotel
🔥 Hot
3 months 3 weeks
256
Indiegogo Hosts Token Sale For Colorado-based Luxury Hotel

Team

Rong Chen- Chairman and founder

Chen worked as a senior software engineer at Microsoft for more than seven years before leaving to found his first company Kortide in Beijing, where he served as CEO for three years and then Chairman for 14 years before leaving to found Elastos.  

Feng Han- Co-founder

Dr. Han has a PhD in Physics and has spent a majority of his career in academia. He has many associations with Blockchain related foundations such as the MIT Blockchain Research Institute, and Blockchain Advisor at Huawei Central Institute.  

Yipeng Su- Chief Technical Engineer

Leader of the development team and the key to pushing the project forward. Su has a strong background in IT and development.

💼 Related Article
Zeepin’s not Creepin’ It’s Ready to Go Live: Past-ICO Review
🔥 Hot
3 months 3 weeks
256
Zeepin’s not Creepin’ It’s Ready to Go Live: Past-ICO Review

Roadmap abrupt end

On the surface, it appears that the company has a lot going for it, including relatively strong token performance, given the current harsh market for all cryptos. However, a troubling feature is that there is no launch date. The roadmap details all the milestones back to May 2000! However, it ends on Dec. 18 with the note: “The mining of Elastos Chain and Elastos ID Chain by external nodes will be open and accessible.” This statement is a bit vague  because it is unsure if it means that the mainnet will be live and usable or if just that segment will be operational. Unfortunately, Elastos was unavailable for comment on questions such as this and for others. The Medium blog, which has had ongoing news updates almost every week, has not posted anything since the end of June. What’s up? Why the end of the news?

💼 Related Article
Past-ICO Review: Mobius
🔥 Hot
3 months 3 weeks
256
Past-ICO Review: Mobius

🕵️‍ ICO Watch
views
👓 Recommended articles
🕵️‍ ICO Watch Eric Eissler

Cutting Supermarkets Won’t Be Easy: Past-ICO Review

👁 ICO Watch
A future world without grocery stores? Probably not, but one company wants to challenge the paradigm
Cutting Supermarkets Won’t Be Easy: Past-ICO Review

INS Ecosystem is attempting to reinvent the grocery business by selling directly to the consumer and cutting out the middleman, who in this case is the supermarket that all consumers have come to shop at.

Blockchain technology is already being tested by major retailers such as Walmart partnering with IBM to use Hyper Ledger to track products all the way through the logistical supply chain.

Financials

INS Ecosystem raised $41 mln between Dec. 4 and 24 during the ICO in 2017. The token entered the market at $8.16 on Jan. 12, 2018 and has fallen to $.50 at the time of writing. This is, in part, due to the fact that it is a utility token and debuted when the market was on a major bull run.

During that time any ICO or crypto was being bought up because all prices were increasing no matter what they were. After the run ended, prices began to level out, even if it meant that the fell through the floor.

💼 Related Article
Wan-a-chain the World: Past-ICO Review
🔥 Hot
5 months 1 week
256
Wan-a-chain the World: Past-ICO Review

Almost ready to launch

According to the roadmap, the testnet launch is only a few months away in Q4 2018. Once the testnet is up and the bugs are worked out, the company plans to deploy further geographically. Reading through the company’s blog, there seems to be a lot of partnerships forming with companies that are producing food for consumers. One example is Soulfresh, Australia’s organic and natural food and beverages company, which has signed up with INS Ecosystem’s direct-to-consumer movement. Another, Drink me Chai, a family-run UK company with a love for chai latte, has also partnered with INS Ecosystem. These are just a few of the examples of the growing number of partnerships.

💼 Related Article
Why Crypto Index Funds Are Things of the Future: Past-ICO Review
🔥 Hot
4 months 4 weeks
256
Why Crypto Index Funds Are Things of the Future: Past-ICO Review

Team

Peter Fedchenkov- Founder

Previously with Goldman Sachs and IBM.

Dmitry Zhulin- Founder

Experienced venture capital and private equity professional with a focus on retail and e-commerce. Five years of investing experience in Bitcoin and crypto-assets. Previously with VTB Capital Private Equity, Rothschild and PwC.

Pavel Scherbinin- CTO

Architect and engineer with specialization in security and cryptography and more than 10 years’ experience in development of large-scale highload systems. Previously was a Chief Technology Officer at Mail.Ru Group.

Dmitry Khovratovich- Blockchain Developer

Khovratovich has more than four years experience in blockchain technology and smart contracts. He is a recognized expert in cryptography and security (12 years, 2,000+ citations). Designer of Argon2 (the winner of the Password Hashing Competition) and Equihash.

Known advisors

  • Sebastian Stupurac - Wings
  • Eyal Hertzog - Bancor
  • George Li - We Trust
  • Ilya Perekopsky - Telegram
  • Milo Sprague - Silicon Valley Bank
  • Dr. Rawi Abdelal - Harvard Business School

Potential remains

While the token price has crashed hard since it debuted at the start of the year, that is not holding back the company by any means. There is a strong team and an even stronger advisory board backing them. The service that the company wants to provide is also very interesting because it has the potential to upset the grocery store business by selling direct to consumers at lower prices. 

💼 Related Article
The Singularity Known for Sofia the Robot is Coming: Past-ICO Review
🔥 Hot
4 months 3 weeks
256
The Singularity Known for Sofia the Robot is Coming: Past-ICO Review

🕵️‍ ICO Watch
views
👓 Recommended articles
Crypto Gags Heewon Jang

Will AI Dominant On Humans ?? ????

Crypto Gags
Robots vs Humans?
Will AI Dominant On Humans ?? ????

Share it with your friends and don't forget to subscribe!

Сheck daily our Instagram: cryptosharq,

Twitter: CryptoComes

Telegram: @cryptocomes

Crypto Gags
views
👓 Recommended articles
Darryn Pollock

Regulatory Trepidation is Hampering Cryptocurrency Adoption as Calls For Direction Get Louder

They say the cryptocurrency space is the Wild West, but when it comes to regulations, they are so vague that it is hard to know how to stay on the straight and narrow
Regulatory Trepidation is Hampering Cryptocurrency Adoption as Calls For Direction Get Louder

There have been two obvious waves in the cryptocurrency space. First, it was the incredible growth, adoption and mainstream adoption that permeated the last six months of 2017, then, following that, regulators have been forced to step up and decide how to govern this new financial technology.

At first, the two sides of this battle fought hard against one another as the idea behind cryptocurrencies is that they were free from centralized control. However, as that ideal has slowly been quashed, and a realization has emerged that cryptocurrencies need to fit into everyday regulation, the sentiment has changed.

Regulators have, inadvertently, become major shapers and movers of the cryptocurrency markets with announcements- either positive or negative- visibly shaking up the price of things like Bitcoin.

However, it would appear that they are not actually doing enough. The mandate for regulators is to set out clear and defined guidelines for this new technology, but this is not the case as many either try and squash them into existing rules or sit back and wait until there is a step that crosses a line before cracking down.

In reality, those companies that are actively engaging in viable and applicable Blockchain and cryptocurrency projects are baying for clear and transparent guidelines, because without them, adoption is being slowed right down.

Finding a direction

Part of the problem is the broad and vast application that Blockchain and cryptocurrencies endure. They are seen as money, a security, property or a commodity, and many blame this opacity for confounding the adoption of the asset class.

It is also not helpful that, in the US for example, multiple offices are trying to oversee different facets of one financial technology. These include the SEC, the CFTC, the FDIC, the Office of the Comptroller of the Currency (OCC) and the IRS.

So, with the space so widely spread, it is understandable that regulation is taking time to find its direction. However, it is occurring, just at a rate that those involved in this fast-moving space are not accustomed to.

Angela Walch, associate professor at St. Mary's University School of Law in Texas and a Research Fellow at the Center for Blockchain Technologies at University College London, explains that clarification in regulation is happening, but it is under pressure.

“Each new enforcement action by the SEC and CFTC seems to be focusing on a slightly different behavior, with the goal of slowly clarifying which activities are problematic. Overall, US regulators still are attempting to walk the line of protecting consumers while not stifling innovation, but we are definitely seeing more industry pushes for greater clarity, with some new industry lobbying organizations forming in 2018,” Walch said.

She goes on to add:

“My fear is we may be heading towards a race to the bottom with global crypto regulation. US regulators are facing increasing pressure from industry to be more industry-friendly, with the threat of losing jobs and investment capital to foreign jurisdictions."

An unprecedented space

The issue for regulators is that with Blockchain and cryptocurrencies, which are decentralized and totally global, they have come up against something they have never seen before.

It has caused regulators across the globe to tackle the technology very differently; from China and its out-right bans to Malta and its friendly and welcoming regulation. But, these contrasting ideas are also leaving Blockchain companies confused as to what the global take on this technology is.

While the two ends of the spectrum at least offer clarity, the majority of countries sit in the grey area in between acceptance and rejection. It is in these countries, where a wait-and-see approach is prevalent that innovators of this technology are calling for a direction, calling for transparency, and clear and direct guidelines.

There is no doubt these will come, but will it all be too late as the innovators lose faith and abandon hope? Or, will this careful process weed out the time-wasters and poor projects, leaving only the strongest to form a Blockchain base?

views
👓 Recommended articles
Crypto Gags Heewon Jang

Do IT Now

Crypto Gags
And Continue Every Day !!
Do IT Now

Share it with your friends and don't forget to subscribe!

Сheck daily our Instagram: cryptosharq,

Twitter: CryptoComes

Telegram: @cryptocomes

Crypto Gags
views
👓 Recommended articles
David Dinkins

Zcash: Preparing for First Hard Fork, Paving Way for Future Upgrades

Zcash developers are preparing a hard fork that will lay the foundation for future network upgrades.
Zcash: Preparing for First Hard Fork, Paving Way for Future Upgrades

Zcash is currently readying its first network upgrade, which will be launched via hard fork. The upgrade is called Overwinter and does not make any major changes to the network or user experience. What it does, however, is lay the foundation for future changes to the code. It’s a crucial first step to enable future upgrades and test the willingness and ability of the network’s users to upgrade smoothly during a hard fork.

Hard fork

Hard forks have been controversial in the Bitcoin community, although other currencies like Dash use them with great regularity (and few problems). Hard forks can be challenging because they require everybody on the network to upgrade their software to the new version, and to do that within a short space of time. Users who do not upgrade to the new software will find themselves essentially transacting on an empty network.

Overwinter and Sapling

Among other features, Overwinter adds replay protection. Should any users on the Zcash network choose for any reason not to upgrade to the new version, transactions sent on the old network will not be simultaneously sent on the upgraded network. Overwinter will also add code to allow “stuck” transactions - those sent without high enough fees - to expire after one hour.

Zcash’s developers are already looking forward to Sapling, their next upgrade after Overwinter. Sapling is the hard fork that many users are waiting for, as it is intended to offer new features such as faster transactions. Ultimately the Zcash team hopes to crack the biggest challenge of all in cryptocurrency: scaling. Bitcoin is currently working on Lightning Network and Ethereum is working on Raiden, both off-chain scaling solutions. Dash is working on Evolution, which will include on-chain scaling. It remains to be seen exactly what method Zcash will use to scale.

views
👓 Recommended articles