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ICO Projects: GoNetWork And Tokenbox

Published 11/16/2017, 11:43 AM
Updated 07/02/2017, 03:00 AM

1. GoNetWork (USA)

GoNetWork is a project focused on increasing the scalability of Ethereum exclusively on mobile networks. GoNetWork creates a future where all virtual content that you purchase online will be decentralized in blockchain.

GoNetWork aims to build a superhighway for mobile networks in Ethereum. The following method is chosen to increase transaction speed and scalability: part of the work will be performed outside of blockchain, and only after this the information will be inserted there. In other words, GoNetWork is similar to Raiden, Plasma, Lighting NetWork, but all these solutions are not designed for mobile networks.

According to the developers, the project is 90% ready for launch. It will involve the already available tools and a ready-made audience of tens of millions of users. The following can be safely attributed to the project success: Game "Zombies vs Aliens" in AppStore (2010), game "Happy Park" in AppStore (2011), Game "Happy Park" becomes the top game in AppStore (2014), Launch of Dubsquad.me – a video social network for teenagers (million users). Dubsquad.me is in TOP-10 of photo and video apps!

The project launches the first mobile network infrastructure for Ethereum, which mobile, desktop and web platforms will massively use. All virtual content will be located in blockchain.

Use of the blockchain technology to create and manage virtual goods will not only solve problems with fraud but also create a new revenue flow for developers. GoToken from GoNetwork is cryptocurrency designed to solve the liquidity problem of virtual coins for users. GoExchange will enable users to buy or sell any virtual element existing in mobile games or apps. Token holders will be able to make money on GoTokens storage (POS system). Each transaction that occurs in the network will generate a commission, part of which will go to GoNetwork to cover maintenance and distribution costs, part will be transferred to node operators, and the rest will be awarded to everyone who holds GoTokens in their GoToken wallet.

The project team can rightly be called professionals in their field. They have recently won the world's largest Ethereum Hackathon called ETHWaterloo (over 400 participants from 32 countries participated). The project founders used to work for Google (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Citibank, BlackBerry (NYSE:BB), SAP (NYSE:SAP) and Electronic Arts (NASDAQ:EA).

The project soft cap is $20 mln (60,000 ETH), hard cap is $30 mln (80,000 ETH). The declared total number of GoNetwork tokens is 100 mln GOTS: ICO – 50%, team – 25%, advisors – 5%, developers, marketing, etc. – 20%.

It is difficult to predict the token short-term growth due to the general market situation. Talking about the long-term investment period, the demand for GoTokens will only grow as mobile apps get included into GoNetwork (mobile games, websites, computer games).

2. Tokenbox (Cayman Islands)

The Tokenbox platform is a project created by the founders of The Token Fund, one of the first tokenized cryptocurrency funds whose management is built on blockchain technology and smart contracts.

Private investors and even investment professionals mostly don’t have enough knowledge and understanding of a cryptomarket, or can’t choose between a variety of investment options. It is, however, quite important for them not to miss an opportunity for an extra income, by having a tool that is legal, secure and easy to use.

The goal of the Tokenbox project - to develop and provide portfolio managers and traders with a ready-made "box" solution for creating their own tokenized funds that conduct transactions within the existing legal framework. An example of such a fund is The Token Fund.

Tokenbox plans to enter the market for cryptocurrency funds and professional cryptoassets trading, which is developing very rapidly; this can increase the project's success.

Sooner or later, the time comes when the investor wants to try himself in the role of manager and move to active action. Tokenbox will provide this opportunity to many traders.

Tokenbox as an ecosystem for funds, traders and investors is intended for the two sides of the trust management sphere. Each ecosystem participant is offered its own set of functionality and advantages:

1) For funds and traders::

  • KYC (investors verification)

  • Ratings

  • Professional software

  • Smart-contracts for tokenization

  • Legal support

  • Security in storage of assets

2) For investors:

  • Multi-currency wallet

  • Validated traders

  • Data disclosure

  • Fiat gateway

  • Choice of fund managers

  • Safety

Token of the platform - “TBX” is utility-token (ERC-20 standard), that providing an access to the platform’s services. A fund manager or trader who wishes to operate his own fund on the platform, acquires TBX tokens and deposits them on the platform. These funds in the TBX format are placed in the portfolio of the Fund or Trader and are valued in the portfolio like any other assets. The share of TBX-tokens in portfolios should be maintained at a level of at least 5%.

This model for utilising platform tokens has several useful aspects:

1. Funds and traders can accurately determine how many TBX tokens they should purchase in order to access the Tokenbox infrastructure;

2. TBX token demand reflects the level of platform development, as well as the dynamics of the number actual ecosystem token users;

3. TBX token manipulations are complex. On the one hand, managers and traders are interested in lower TBX price, which allows them to take advantage of the platform's functionality at a lower price. One the other hand, undervaluation is counterproductive, because a lower valuation limits the amount of assets available for management.

Tokenbox platform plans to receive revenue as a part of fees levied by funds and traders. The final size of commissions and their combinations are determined by the funds and traders themselves, further, these parameters are included into smart contracts. Investors can be sure that this process is automated and can be audited through Ethereum blockchain.

At the moment, the Tokenbox project is selling TBX tokens.

Current conditions: +15% bonus of TBX tokens. Declared Hard Cap - $ 20 mln. Release of alpha- and beta- versions of the platform is planned for the 2Q of 2018.

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