Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Analysis Of ICO Projects From Tokenbox

By Viktor ShpakovskyCryptocurrencySep 05, 2018 07:25AM ET
www.investing.com/analysis/analysis-of-ico-projects-from-tokenbox-200342277
Analysis Of ICO Projects From Tokenbox
By Viktor Shpakovsky   |  Sep 05, 2018 07:25AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
INTC
+2.71%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MSFT
+3.38%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AAPL
+2.56%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AMZN
+4.50%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
V
+2.20%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BABA
+4.55%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

1. Terra (Korea)

Terra is a project that implements a cryptocurrency with a stable exchange rate (stable coin). The platform can be used as an economic digital payment system comparable to credit cards. Developers quote the list of advantages compared to the Visa (NYSE:V) payment system: low commissions, bonuses, and discounts when paying for goods in Terra currency.

During private rounds, the US-Korean project team managed to raise $32 million. Among investors, in addition to the top exchange Binance, the well-known Polychain Capital fund was noticed to make an investment, along with investing into all the top ICOs in 2017.

In total, the project plans to raise $100 mln (HardCap), while retaining 90% of the investment in the reserve fund. Terra, like Tether, will start its way with fiat, but the company's further plans are somewhat different. After the currency has gathered a wide array of customers, each transaction will generate money for the second cryptocurrency (second reserve fund). When the second fund equals the first, where dollars are stored, the coin will split from the dollar and go into free sailing.

The Terra protocol uses two tokens: Terra and Luna. Luna Tokens will be some kind of an initial reserve, which will help stabilize the price of the coin relative to the hardware, as Tether does now, for example. Another token, Terra, will function as a daily payment tool.

Every time there is a transaction on the network, a small commission will be paid to the Luna holders. As in other projects of stable tokens, oracles of the network will control supply and demand. As demand for Terra grows, the system will algorithmically release new tokens.

The main stage of the ICO and the cost of the tokens: TBA.

It is likely that there will be no public ICO for Terra, but funds can enter the project now since until the stated goal of $100 million is reached there is still space.

In addition to Binance, Huobi and OKex have invested in the company, therefore, Terra's liquidity and trading pairs will be plentiful. Terra is launched with the participation of a significant number of partners, whose total number of clients reaches 40 million people. Among the partners: Woowa Brothers, Qoo10, Carousell, Pomelo, and TIKI, etc. The creators of Terra also expect to make themselves known in the Chinese market and get support from WeChat and Alibaba (NYSE:BABA) Group.

The team of the Terra project is headed by Daniel Shin (founder of TicketMonster, the leading Korean e-commerce platform with a $3.5mln turnover, the most recognizable entrepreneur and investor in East Korea) and Do Kwon (the founder of Anyfi, a former developer at Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL)).

In spite of the fact that many "stablecoins" are being created, the emergence of this project is especially important, since the team is developing one of the few protocols that have an existing, working and strong strategy of how to use and enter the market. With the support of the user base of large companies in the e-commerce segment, the project looks very decent.

The main problem with Terra on the way to successful implementation of the project is users' distrust of the fact that the coin is really stable and its value is reliably attached to the dollar or other fiat currency. The recommendation of the analytical department of Tokenbox is to consider investing in the long term. Evaluation of the project Terra: 7/10.

2. Ankr (USA)

Ankr Network is an infrastructure that allows you to perform distributed cloud computing (DCC) for business applications and has the potential of becoming the flagship of the decentralization of the cloud market.

The project differs from the existing solutions because of three significant advantages - scalability, a fundamentally new type of consensus and support for Intel (NASDAQ:INTC) SGX.

High bandwidth will be achieved through sharding (fragmentation of transactions into small parts). The consensus ProofofUsefulWork proposed by the developers favorably differs from the consensus of Bitcoin or Ethereum in that it rewards each user doing the work, not just the one who gets the unit first.

Mining and calculations, instead of using Asic miners, are supposed to be conducted using SGX - a new technology from Intel that divides data into protected enclaves (execution areas), which exponentially increases the security of the information stored in Ankr. The creators of the project intend to offer an alternative to services from Microsoft and Amazon (NASDAQ:AMZN), creating its own decentralized distributed platform. In addition, the main competitors in this segment - SONM, Decent, Storj - did not show proper results after their ICOs.

At the closed seed round the project collected $14.5 million, leaving less than 5% of all tokens ($3.3 million) for the main sale. The price of 1 ANKR token is $0.0066. The date is September 2018. There are no restrictions on the amount of investment, but you need to pass Whitelist and KYC on the OpenToken platform.

The Ankr project was founded by two developers: Chandler Song and Stanley Wu. They have experience working in cloud companies Amazon,

SAP, CitySpade. There are no persons with managerial background and strong marketers among the team of 11 people; however, NEO fund, OKEx exchange, JLabs and other "giants" of the crypto world have already invested in the company.

Among the advantages are a presence of a prototype and a large number of repositories on GitHub. Cons - the lack of marketers and public figures in the team, equally the presence of serious, established competitors in the cloud computing market.

However, technical skills and strong strategic investors can outweigh this and bring the project to the stage of successful implementation. The recommendation of the analytical department of Tokenbox is to invest for the medium term given recovery of the market. Evaluation of the project Ankr is 7/10.

Analysis Of ICO Projects From Tokenbox
 

Related Articles

Deron Wagner
Don’t Miss The Bitcoin Rally By Deron Wagner - Oct 04, 2022 2

After months of range-bound trading, Bitcoin is now setting up for a huge breakout above key resistance. Here’s how to profit from this hot crypto swing trade setup...

Tim Knight
Between A Rock And Hard Placeum By Tim Knight - Oct 04, 2022

It may sound hard to believe, but it’s up to Ethereum at this point. That is to say, the “animal spirits” are beholden to resistance (the line at $1408) and support (beneath it, as...

Analysis Of ICO Projects From Tokenbox

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email