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ICO Analysis: Fantom, Atonomi

Published 05/30/2018, 08:20 AM
Updated 07/09/2023, 06:31 AM

1. Fantom (Korea) https://fantom.foundation

Fantom offers a blockchain protocol based on directed acyclic graph (DAG) for instant transactions and infinite scalability at almost zero cost. The Fantom team has established a throughput of 300,000 transactions per second (TPS).

Being a high-performance blockchain, Fantom has set itself the goal of becoming one of the first platforms that will leave behind existing payment and supply chain management systems.

Thanks to a competitive offer to reduce costs, increase transparency and perform hundreds of thousands of transactions per second, Fantom provides options for using its product in many areas, including technology in food production, telecommunications, banking, electricity, and real estate.

For example, while Ethereum has limited ability to track past transactions, Fantom solves this problem using the "Data History" function, which allows the user to track all past transactions. Each transaction and the conclusion of a smart contract can thus store a portion of the data for tracking functions.

The token sale will start on June 15th. The hard cap of the project is $39.900.000. The cost of 1 FTM is $ 0.04. The FTM token is used primarily for placing and awarding auxiliary nodes involved in network verification.

FTM tokens will also be used for motivation, which is to say they will be used to serve as a reward for users and to attract new members. Initially, the FTM will be released as an ERC20 token, before the main network is launched.

The project team is quite formidable. It consists of 11 participants and 8 advisers. The freelance team of platform developers includes 16 more participants. Fantom has developed a plan to cover its internal target market. Its partner is the South Korean Food Technology, which includes 90 leading companies in the food industry with a turnover of $ 200 billion.

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The real value of the project is that Fantom combines infrastructure for smart contracts and decentralized applications, whereas previous DAG projects such as IOTA and Nano did not make such offers during their launch (and still have not implemented this idea in their product). Our experience with DAG-based protocols reinforces our confidence in the future of Fantom.

According to Fantom’s roadmap, the launch of the test network is scheduled for the fourth quarter of 2018. Fantom may face competition, meaning other DAG protocols, such as Hedera Hashgraph and Constellation, who also plan launching existing test networks by the end of 2018.

The Token Fund recommends the project for medium term affiliation. The preliminary assessment is 7/10.

2. Atonomi (USA) https://atonomi.io

The Atonomi Project is an infrastructure security protocol that allows billions of IoT devices to have reliable interoperability both in trading and data operations.

A key innovation included in the Atonomi protocol is the system of device identification and reputation within an immutable register (ledger-N) based on blockchain. The project offers an identification service that will apply to all products on the network at the manufacturer level.

Here Atonomi will provide screening based on the best cyber security practices and provide an assessment so that people can verify the integrity of their network.

How will this work? Some vendors will be assigned as server operators to verify the integrity of white parts / products. When something is checked, the end user / consumer can activate the device to include it in their network. The team also promised to develop a reputation protocol in due time. Auditors will ensure that devices operate within specified parameters, and if not, their estimate will lower.

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If the device has a low reputation, its communication with other devices in the network will be limited to ensure due reliability over time. Audit partners will be paid in Atonomi tokens (gathered through network fees) providing an incentive for quality work.

All information relating to transactions, reputation and identification will be stored in public or private blockchains (private data or confidential information will not be publicly available). Atonomi hopes that this will allow the use of technology for many other applications and devices.

CENTRI, the parent company of Atonomi, has developed a proprietary secure technology that will be used in the Atonomi system. They have received $ 22 million of venture capital and have partnerships with Flex, Arm, Intel (NASDAQ:INTC), PwC and others. In addition, they launched the current protocol on May 15, 2018, stating that they currently have a functioning alpha-version.

The main sale will start in June 2018; the hard cap of the project is $ 25,000,000. The cost of the token is: 1 ATMI = $ 0.0500. 50% of tokens are allocated to the sale.

The "Internet Of Things" industry is huge and, according to forecasts, it will grow at a rapid pace. Security is one of the biggest problems in the industry. With the company's steady success, its growth will not be long in coming.

Atonomi is a wholly owned subsidiary of CENTRI. This can provide tremendous support for the project, from promoting development using patented technology to providing commercial partnerships. CENTRI technology is currently used by technology giants, including Arm, Flex and Intel. CENTRI has 8 patents in the USA in the field of IoT.

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Cons

Internet Of Things is still at an early stage of development. The success of Atonomi to a large extent depends on the success of the IoT itself. A detailed roadmap has not yet been published.

Analysts at The Token Fund recommend the project for both short-term and long-term affiliation. The final evaluation of the project is 7/10.

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