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ICO Project Analysis From The Token Fund

Published 05/17/2018, 08:13 AM
Updated 07/09/2023, 06:31 AM

1. Moonlight (Singapore) https://moonlight.io

Developers of the Moonlight project are working on creating a decentralized platform designed for hiring employees using the NEO blockchain. The platform tools will include a global task of creating comparisons and an analytical platform for project management. The project proposes to solve many of the problems that employers and project managers face today and to revolutionize the HR industry.

The project was presented at the NEO event in Cambridge on December 13, 2017.

Within the Moonlight project three main mechanisms are introduced to take care of the level of competence and the reputation of the organization:

- Skills: in fact, this is an analog of "Skills and their confirmation" on LinkedIn (NYSE:LNKD). All the skills and abilities necessary to complete the task are reflected in the organization's profile;

- Reviews: after completing the task, users leave each other feedback, which is stored in blockchain;

- Bidding on the timeliness of completion (bid accuracy): how well the task was completed in due time.

The skill mechanism is one of the most significant mechanisms in the project, since it connects customers with task executors based on their skills. In addition, when performing tasks, both sides earn points on their profile according to the skill (a direct match with the corresponding parts of LinkedIn). All skills are sorted by importance for each task and affect the probable outcome of ending up working in a particular project.

The price of the Moonlight token is not tied to the US dollar. Tokens will be exchanged at the following rates during the sale: 1 NEO = 2000 Lux / 1 GAS = 800 Lux / 1 ETH = 15,000 Lux. Total tokens: 1,000,000,000. 30% goes for the development of the project. 20% - toward increasing the volume of investments; these tokens will be locked for 24 months. 50% - allocated for sale (25% for pre-sale, 25% for public sale).

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The advantages of the project:

- The project was created by the co-founders of City of Zion, a global group of developers of the NEO community.

- Team members Tyler Adams & Alan have jointly created a standard NEP-5 NEO token.

- Moonlight is a sister project for the exchange of NEON (NEX), one of the most anticipated ICOs in 2018.

- The creator of the wallet Ethan Fast (NEON) and the founder of NEX are on the team as advisers.

- A partnership with NEO, which has already invested $1 million in the project.

- Moonlight (Lux) token holders will receive NEO GAS as a reward for keeping a token proportional to their Lux reserves.

The minus of the project is the marketplace, which can negatively affect the cost of the token.

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

2. AlphaPoint (USA) https://apn.alphapoint.com

In November 2017, at the Consensus conference, AlphaPoint, which is involved in application and implementation of blockchain solutions, has announced its new product, created together with Intel (NASDAQ:INTC). It is called AlphaPoint Public Network.

The goal of this project is to create a secure network, a blockchain system where users can digitize, store and exchange already tokenized assets of the "real world" using secure smart contracts. Thus, the company plans to open new large-scale monetized markets for digitized assets.

Using this blockchain will be developed dapps, which will serve to service the network and secure data exchange and storage. This is a very useful and promising resource aimed at the modern financial services market. It aims to create a counterpart of the classical market, improved by blockchain.

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AlphaPoint Public Network will be built using SGX technology, developed by Intel, and AlphaPoint TrustedVM virtual machine. These technologies will ensure confidentiality and security of the platform and of the conduct of transactions.

A real asset, which will be tokenized in APN, will move through public and private blockchains using the AlphaPoint Chainbridge interaction tool. However, the project still does not have a whitepaper and a detailed description of the algorithm of their procedures and smart contracts, and this is its significant disadvantage.

The lion's share of the team are software engineers and developers from the United States, they form a formidable core. The downside is that the team is not sociable at all, just like the project's advisers.

The roadmap of the project covers the period from 2013 to the planned token sale, which is said to start at the beginning of 2018. However, it’s almost the middle of the year, and no information about the token sale is yet available. Postponement is a bad sign, and postponement without announcing dates is doubly bad.

Some key criteria are not yet known: Github, social networks, tokenometrics, dates.

However, for the prospects and competitiveness, it is possible to award the project a final estimate of 65/100.

The analysts at The Token Fund recommend monitoring the project and waiting for the announcement of information on the tokenometric and the dates of the sale.

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