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Initial Coin Offerings To Watch: Pchain, Seed

Published 04/22/2018, 08:14 AM
Updated 07/09/2023, 06:31 AM

1. PChain (China) https://pchain.org

PCHAIN ​​is the world's first multi-purpose (crosschain) system that supports Ethereum Virtual Machine (EVM). The system is suited for using large-scale corporate apps based on smart contracts and artificial intelligence.

The key PChain features are the following:

1) A native multichain platform, consisting of one main blockchain and multiple derived chaines. The technology is designed to store information about user accounts and transfer of digital currency between accounts.

2) Smart contracts based on intellectual data. PCHAIN can generate valuable data, change its volume, and also embed into the Oracle smart contract chain.

3) A cross-transaction chain. The smart contracts of PCHAIN can be invoked with other tokens (BCH, ERC20).

PCHAIN ​​technology has a wide range of applications: from operations with digital assets (provides reliable transactions recording) to gambling, law, and logistics.

Chinaledger, a coalition whose goal is to jointly support the basic platform, became a partner of the project. From this point of view, China Ledger is an alliance with the resource-sharing model. Another partner is IEEE, an international non-profit association of engineering experts, the world leader in the development of standards for radio electronics, electrical engineering, and hardware provision for computer systems and networks. The third partner is W3C, the World Wide Web Consortium, – an organization that develops and implements technological standards for the Internet.

Pchain has a strong team. Feng Cao, a Ph.D. and the project founder, is also a co-founder and the Chief Scientist at FinChain, as well as a co-founder of ChinaLedger. His innovative achievements were awarded the IBM (NYSE:IBM) Global Technical Achievement Awards three times.

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Haojing, the project architect, was a pioneer in blockchain technology in China and responsible for several global projects as a team leader; the LinkedIn (NYSE:LNKD) profile lists a current CTO position at Shanghai Wanchain currently, and a former CTO at Nanjing Zhitongche Network Technology Co.

As for the project tokenomics, only HardCap is known – approximately 50,000 ETH. Dates for the main ICO sale will be announced shortly.

Analysts of The Token Fund recommend the project for investing in the short and medium term. Already now, at an early stage, the project has concluded a number of partnerships with leading players in the Chinese and world markets, including government agencies. Such an approach can make PCHAIN one of the market leaders soon.

2. Seed (USA) https://www.seedtoken.io

SEED is a decentralized marketplace for developers of conversational user interfaces (CUIs). The aim of the project is to democratize the development of AI (artificial intelligence), in particular, bots, and create an alternative to corporation monopolies that hamper the development of CUI and AI technologies. A striking example is telegram bots in the form of a regular chat, where they can buy, sell, exchange, rent components for bot building.

The Seed protocol and network operation principle is as follows:

1. You go to the platform (SEED) and sign up – create a new project,

2. You specify where the technology will be used (finance, health, etc.)

3. You select the type, components and a platform for the bot hosting (Skype, Slack...).

4. You model personal characteristics that determine possible scenarios of communication with people using a constructor principle (this is really easy).

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Supposedly, the network will be accompanied by a virtual machine to allow to quickly evaluate the efficiency and quality of the purchased template/code/bot. "Blacklists" and the developer reputation ranking will also be created in advance.

Blockchain in the project is required due to the need to guarantee privacy and safety of user data within the SEED network. Smart contracts will regulate the exchange, lease, conditions for the transfer of intellectual property and income distribution. Ethereum is currently chosen as a platform, but if the network is overloaded or in case of some unforeseen problems, SEED can switch to another blockchain – in particular, NEO.

The project team consists of experienced experts with a strong reputation in the market. Nathan Shedroff, CEO, is a guru of business strategy and design. Mark Stephen Meadows, CTO, and the Botanic Technologies CEO has 20 years of experience in VR, 15 years in NLP and five years in blockchain. Back in 2011, he developed apps for AI in research laboratories (Xerox-PARC, SRI, Waag, etc.) and also advised the government. Michelle Katz is the Associate Professor at the California College of Arts, Doctor of Law and an expert in licensing and intellectual property rights.

As for the advisers, Jamie Burke is worth noting – the founder of Outlier Ventures, the first venture fund in Europe, which invested in such projects as IOTA, Evernym (Sovrin), Botanic (Seed), Ocean Protocol and Fetch.ai in the early stages.

The Token Fund analytical department considers the project interesting for consideration, but the large HardCap of $100,000,000 and the protracted sail (Q2 2018 is the first stage, and Q2 2019 is the second stage) makes it impossible to make recommendations for short-term/medium-term prospects. When opting for "long," SEED has a strong chance to show good growth.

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