Security Protocol for the IOT
Average rating : HIGH
An blockchain-based advanced TCP/IP architecture connecting every dots of your life.
|Crowd-sale:||11 Oct - 18 Oct||ACTIVE||131,481 /1,000,000 USD raised|
Raised: 14,131,481 of 15,000,000USD ( 94%)
|Ticker:||BLOC||Available for token sale:||20|
|Token type:||OWN WALLET||Private-sale/pre-sale token price:||/|
|Accepts:||Private-sale/pre-sale bonus:||no info/ no info|
|Prototype:||NO||Pre-sale min/max personal cap:|
|Team:||12 persons||Crowd-sale token price:||0.01 USD|
|Team residence:||Crowd-sale min/max personal cap:|
|Company residence:||Cant participate:||CHINA, USA|
The Blockcloud ICO offers a well-positioned project targeting the rapidly growing IoT industry. The domain expertise of the team and track record of success lend a high degree of credibility to their proposed solution for a decentralized IoT ecosystem.
With a long list of partnerships and strong community support for an early stage project, the Blockcloud ICO is showing signs of a bright future ahead.see more
1. Through the method called Codag, it can quickly record and secure the huge on / off transactions between iot devices.
2. Fairly distribute services through a method called Truthful Continuous Double Auction (TDCA) and automatically match providers and subscribers in the network.
3. Very powerful team and advisor. Small hard cap. The existence of a parent company that has been operating successfully for six years.
A complementary point
1. The road map is rather slow. Until the final completion, we have to wait until the fourth quarter of next year.
2. The iot-related platform is relatively competitive.see more
Top team and reasonable hardcap, but no existing product (not even a date given for mainnet) and low percentage of tokens offered to the public compared to what the team and “family and friends” receive at unknown discounts and with unknown vesting. Potentially top project but raising funds about 6 months too early. If we are talking about selling utility tokens, and the date when the tokens will used is +1 year - then what are we talking about? With current regulations, crypto projects have no actual legal obligations to investors, but if there is not even a way to use the tokens in the foreseeable future - we are expected to buy fairy dust.see more
In short, Blockcloud is combining SCN and Blockchain technology to solve the problems of IOT. SCN provides connectivity, mobility and scalability and Blockchain operates on top of SCN to provide decentralized trust and security.
It is a very ambitious project and has a huge team of 12 members with prior experience in IOT industry and 21 advisors on board which will certainly help them in a long run. The only thing that concerns me regarding Blockcloud is the long roadmap and no information available on mainnet but it has a huge hype in the market and they are asking for a reasonable amount of 15M in the ICO keeping in mind the things they are trying to do which makes it very good for short-term. Long-term I am neutral on the project.see more
Our thoughts on buying the tokens for flipping and investing for the long term are as follows:
For flipping: A
The project has a low hard cap and high market awareness. The idea and team are solid. Presale participants have a long lock-up period, which makes the initial circulating supply fairly low.
Multiple exchanges have also invested in the project, so we the tokens should not have trouble listing on decent exchanges. Therefore, we believe there should have plenty of unmet demand after the tokens are listed.
For long-term holding: A
With the strong technical team and advisory board, we believe the team has a good chance of pulling off this ambitious and highly technical project.
The potential for SCN and the IoT industry (which no projects are working on this unique combination from our knowledge) could be substantial.
We note that the mainnet is not scheduled to launch until Q2 2020, which is far away. However, on balance, we believe that the pros overweight the cons and like the long-term prospects of the project.see more
Blockcloud brought us under the impression that previous projects have been just scratching what Blockchain technology can do and there is always room for innovation beyond the beaten path of high throughput, low fees, and secure infrastructure projects.
There are still many layers of technology that stand at the basis of our present networks and how they work, which will benefit from improvements. Blockcloud’s novel solution is one that will open a new path for developing applications on blockchain and improve the underlying technology from the TCP/IP Architecture.
From our perspective the only barrier to the project accomplishing its goals will be the development of the testnet, which the team, given its size and expertise, is more that capable to deliver. We believe Blockcloud has plenty of unmet demand considering the majority of the capital has already been raised in private. Furthermore, their strong offering, team, partners, and investors make this one of the most exciting projects as of lately.see more