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Average rating : HIGH
ChromaWay is a blockchain technology company. Since 2014, we have been developing and refining our industry-defining blockchain technology platform. We work with public and private sector actors to build and support applications on our platform, mainly around real estate and finance.
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Chromaway, had a call with a team today, very interesting, on my radar. It's kind of a hybrid between a blockchain and a database, alright, so Chromaway is legit.see more
ChromaWay, the parent company of the platform Chromapolis, aims to create a platform allowing decentralized applications with scaling and ease of development in mind.
Main features of the Chromapolis platform are:
- Uses a relational model so that the data can easily accessed by an application programming interface (API) and indexed and queried without performance degradation (using Rell, a query language similar to SQL).
- Scaling is solved horizontally so that each dApp gets its own blockchain, run by its own nodes. Expected transaction time of >500 TPS per sidechain.
- Uses the PBFT consensus algorithm (hardened by anchoring), a relaxed version of BFT that can handle more fault tolerance and allows transactions to be confirmed in seconds. When the number of blockchain’s validator nodes is 3f+1, a block must receive 2f+1 “votes” to be confirmed.
- As dApps are not built as smart contracts, Chromapolis does not charge transactions fees, but instead “collects fees from a dApp as a whole”.
Chromapolis hardcap is $15M for 15% of tokens sold to partners. Platform is being developed by ChromaWay, a technology company operating since 2014 in Sweden, working on blockchain platform with public and private sector actors and focused on real estate and finance.
We believe Chromapolis is one of the most interesting projects we have encountered, and give it a rating of 89.7% — top rating in our blockchain project review sheet.see more
For flipping: A.
Chromapolis is probably the project with the highest market awareness right now. The hard cap of $15 million is reasonable for this type of project, taking into account current ether price. Only 15% of tokens are sold, which is not optimal but it also provides incentive for the team to do well.
The roadmap is fairly short, with the testnet coming out in a month and mainnet in two months.
A fair amount of presale tokens are being unlocked at TGE, which brings the initial supply to a higher and more sustainable level, compared to some of the recent projects. This reduces the volatility of the tokens going forward during unlocking events.
If the project were to conduct an ICO (unconfirmed right now), we believe there should be good demand for the tokens during and post ICO even during the current depressed market condition.
For long-term holding: A.
The team is experienced in the blockchain space, having worked on colored coin since 2013. In addition, they are well-connected within the blockchain development space and understand the pain points concerning developers.
We believe the project brings something unique (relational database and flexible pricing mechanism) to the table which can be very valuable if the team can pull off what they promised.
Therefore, we believe Chromapolis has a good chance to succeed in the long-run. We may review our rating once we see the features of testnet, which is scheduled to be released in September 2018.see more
The Chromapolis ICO offers a new approach to dApp development that addresses the shortcomings present in many current blockchain networks.
While still at an early stage, the Chromapolis ICO possesses indicators that point to a solid project, backed by a team with extensive experience developing blockchain products. With prior experience deploying blockchain to fields such as finance, the current gaming-focused go-to-marketing strategy may not present the most compelling road to adoption.
That said, at such an early stage, there is plenty of room for repositioning if necessary.see more
Chromapolis is a difficult project to rate as due to the stealth nature of the project; there is still much to be confirmed. However, the project has some obvious strong points such as its technical base which sees dApps on the network get their own blockchain which are run by their own nodes. This high speed and low fee platform is also highly scalable and allows dApp providers to arrange their own compensation methods. In addition, the Chromapolis relational model allows data to be easily administered and accessed by API and the project also makes use of its own unique language Rell.see more