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ICO Analysis

Published 09/27/2018, 06:44 AM
Updated 07/09/2023, 06:31 AM

ARQIT (England)

Arqit sees itself as a secure open source blockchain with resistance to attacks from quantum computers. This solution from Arqit comes down to sending quantum-encrypted information through a system of satellites revolving around the planet, and consists of four main parts.

1. The Corda infrastructure on which Arqit was built was developed by Bitcoin Core developers and is similar in terms of functionality to UTXO in the bitcoin network. Arqit plans to fully integrate DAO, the API for creating dApps in its network and a system for awarding users. Already available in the testnet are the following functions: nodes confirming transactions, a postpaid system of calculations and the function of billing for operations.

2. Quantum Nodes and Quantum Identification. This is a kind of analogue to existing KYC-systems with some "quantum" features. Some nodes in the Arqit system will have the functionality of passing keys using the "quantum distribution" / QKD method, which will completely replace the existing and vulnerable "public key" system / PKI.

Each participant in the system will be issued a "certificate of trust" based on actions in the real world: payment of bills and credit cards. Such an approach has advantages in terms of "trust", but such a level can only be reached through global partnerships with governments of different countries. For fast data transfer over short distances, Arqit plans to use quantum fibers. For long distances satellite communications will be used.

3. Sponsorship and support of research. As far as this aspect is concerned, everything is simple: for the success of quantum blockchain, a large number of studies and tests are needed that Arqit will support and develop .

4. Promotion of quantum security in the telecom and communications environment. For successful functioning of such a global project, key partnerships are required with the world's largest telecom companies, which will be able to become quantum safe nodes.

Telecom companies in certain countries will be able to buy (by auction) exclusive rights for a period of 5 years for the use of blockchain and Arqit nodes to provide additional security for their systems and possible resale to other operators. The developers promise to soon provide a list of telecom companies that joined the system.

There is no exact information on the tokenometric yet. According to preliminary information, the cost of 1ARQ = $ 0.0004545,there will be a gradual release of tokens during the course of 3 years. Currently there is a private sale going on for strategic partners. The main function of the ARQ token will be the use within the platform, rewarding users and maintaining the infrastructure. These are the project’s early stages.

The team of the project is very reputable; it is divided into two groups: the blockchain development team and the quantum team. Among the blockchain developers are developers with experience with various banks in the UK. In the quantum department there are people with connections in international space agencies, Avanti CEO, business consultants and specialists from the banking and media spheres.

In terms of advisers, in addition to influencers and investors, there are representatives from HSBC and the British Space Agency. NEO foundation also became affiliated with the project.

The List Of Partners Of Arqit Is Impressive

  • Qinetiq Group (LON:QQ) PLC is one of the largest defense companies in the UK.

  • BT PLC is former British Telecom; they are actively interested in blockchain. This company is a part, along with Arqit, of the quantum hub, which is responsible for payments of grants to projects with potential.

  • QT Labs and Rupert Usrin - one of the world's leading experts in quantum data transmission.

  • Institute of Applied Optics and High-Precision Engineering and the European Space Agency.

Social networks mention the Post Quantum Research Alliance with members of NEO and CPChain, but there is no additional information on them.

Summary OfArqit

A unique idea, an excellent and experienced team, which is able to implement thought-through, powerful partnerships. There is no tokenometric, but the project is still at an early stage.The practical application of Arqit is not very clear The recommendation is to expect new data and information on the tokenometric.

A preliminary estimate of the Tokenbox team is 6.0.

2. BHEX (China)

BHEX is a new platform that features a format for crypto-asset trading based on the new Bluehelix technology, which expands the trading opportunities and the ecosystem in general.

The project team will solve the main problems associated with crypto assets trading such as security, reliability, and ease of handling crypto assets, as well as the legal component.

The BHEX project develops and implements the following services on the platform:

  1. The Custody and Clearing technology. The custody solution is a depository, i.e. in fact very safe storage. Thus, Bhex is responsible for the security of assets. Bhex also plans to provide customers with a platform for clearing services, which is also a very important point as far as full-fledged functionality to the crypto asset market is concerned.

2) The Bhex Exchange Platform. Trade activity is built on the basis of previous

custody and clearing services. Not owning the user's assets, BHEX concentrates on providing services - trading in pairs to fiat, derivatives trading, margin trading, and OTC.

3) The Virtual Broker SaaS Platform. BHEX is the first to introduce a tool from the classical stock market: virtual broker services. For now, within the stock market framework a user cannot go to the stock exchange themselves and buy shares, if they are not an accredited investor, and has to resort to brokers.

4) The Bluehalix Open Protocol. This technical solution is also new to the industry. In fact, the protocol connects all services to each other, providing their functionality. And also, which is very useful, it gives some partners access to their code, allowing them to create their own trading solutions (mini-exchanges).

According to the tokenometrics, it is known that the total emission is 2.1 billion BHT, 10% will go to institutional investors, 35% is allocated for the community (possibly airdrop) with unlock at 25% each year.

Now the seed round is ongoing, the main round is TBA. The economic model of the token is quite well thought-through and predisposed to organic growth.

  • First, it allows you to get a discount of 80% on trading operations on the platform.

  • Second, when you input a certain number of tokens as collateral, the platform allows you to access the platform services.

  • Third, when you submit a certain number of tokens, the platform allows you to receive a proportional income from depository and clearing services.

  • Fourth, it allows you to vote on the listing of tokens and get airdrops in proportion to the number of available tokens. This is the best model at the moment.

The stock exchange itself plans to earn they income the following way: 0.1% of the commission from trades, 10% of commission from brokers' income, 10% of commission from revenues from trading partners.

The closest competitors in this area are Kyber Network and 0x. Realizing their goals using different technological methods, together these projects create a mechanism that will unite the strengths of centralized exchanges with the advantages of decentralized ones.

The investors of BHEX on Angel Round are Huobi, OKcoin, Plum Ventures, Node Capital (a venture investor who has long been on the market with a good portfolio - Zilliqa, Theta Token, Aelf, Huobi, Gifto, Bibox, Hub, Ankr, Pallet One), City Holdings (specializes in investments in the real estate sector), Yintai Investment & Finance (a very large investment conglomerate from China).

Summarizing BHEX

  1. Very good token economy,

  2. The brokering service is a very reasonable solution for the "influx of new money",

  3. The opportunity to list tokens at much lower than current prices,

  4. Increased liquidity (this is a very pressing problem in the crypto-active market),

  5. Reasonable commission for their services.

Cons of the project: there is no GitHub repository, MVP (project at an early stage), the whitepaper is frankly weak, there is no registration data, extremely low HYIP (due to the fact this is an early stage), there is no information on metrics (cost of the token).

The recommendation is to expect new data and information on the main sale.

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