Published 24 Apr by Maksym Kyryliuk


Problem & Solution:

Autonomous vehicles (AV) will probably play a large role in the future of transport. DAV Network has an ambitious goal: to create a decentralized platform, like Uber, for AV without platform commissions.

Key features:
Identity: Each entity has its own identity. It might be a customer, a charging station for drones, or a driverless car.
Discovery: The network will provide tools by means of which different DAV identities can discover each other in a decentralized manner.
Communication: DAV allows direct types of communication between two or more DAV participants using a common a communication protocol.
Mission Flow: A communication protocol designed to facilitate each step of the mission flow.
Payments for services provided on the DAV network: the DAV token is designed to support transactions on the network.


MVP and Roadmap:

DAV has already built its first app (Mission Control) to showcase the DAV ecosystem. Mission Control is an Uber-like app by which Users can request drone services using blockchain. DAV claims that it is working to support the vehicles of its partners.
The roadmap is detailed with major milestones to be reached during 2018-2019.


Team:

DAV is backed by a seasoned team.

Noam Copel (CEO) has previously created a smartphone encryption system, licensed by the Israeli Ministry of Defense and sold in over 50 countries worldwide.
Tal Ater (CTO) has co-founded a few companies in Israel and worked in key technical positions in Somoto Inc, a company specializing in all aspects of worldwide monetization and distribution of mobile and PC applications.
John Frazer (CCO) worked previously as the External Relations lead for the Ethereum Foundation.

The project has gathered very prominent advisors, who can undoubtedly be named celebrities in their field. The board of advisors includes a former CTO of GM, a core developer in the Ethereum Foundation, and a co-founder of Bancor among many other remarkable figures.


Competitors:

DAV Network appears to be quite a unique project. Its only peer is IOTA. However, these two projects are very different in focus: DAV is focused on the development and deployment of an open-source, global network for decentralized autonomous vehicles, while IOTA is focused broadly on the Internet of Things with feeless transactions.

Table: Competitors and their capitalization

Name

Market Capitalization / Goal

IOTA

$4502 M


Token Usage:
DAV is a utility token, the price of which depends solely on network usage.
There are two broad groups of participants in the DAV Network: consumers and providers.
Consumers pay DAV tokens for transportation and other services provided by participants of the Network. Providers earn tokens for their services including transportation, docking, charging, battery-replacement, equipment, maintenance services, and insurance.
DAV itself has no plans to charge fees.


Tokenomics:

The main concern we have with DAV is the cap, which is quite high in current market conditions. As for the bonuses, they are high, but they are compensated for with the drop in the price of ETH.
Important note: DAV network is not designed to generate any profit; that is why funds collected on ICO would be used to support the network’s operation.

TOKEN METRICS

Allocation:

Fundraising Goal

$38 M USD

R&D

45%

Total supply:

TBD

Expansion

20%

Tokens Available for Sale:

40%

Marketing/Business Development

15%

General Admin

10%

Max Bonus:

up to 50% ( locked up to 12 months)

Legal and compliance

10%

Hype is average. Most of the experts have concerns with fundraising levels. The team has managed to build an average sized (13K) community on Telegram. DAV’s Website claims that on April 24th, they received more than 18.2 K whitelist applications.


Verdict: 6.5 out of 10.

The team has all the skills necessary to create its announced product, and its impressive list of advisors confirms that it has many connections. Moreover, its MVP is already available, and development is proceeding according to the roadmap. The project is definitely unique and does not have direct competitors; however, the market for AV services has not yet been established and the hard cap of the project looks high for current market conditions.

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