Average rating : HIGH
MultiVAC is the next-generation public blockchain platform designed for large-scale and complicated decentralized applications.
MultiVAC decided to open the second round token sale(cancelling 1% Korean IEO) and do airdrop on the KuCoin Spotlight platform for solve the problem that bots cheating and the failure of many fans to participate in MTV token sale yesterday.
|Crowd-sale:||9th of April - 9th of April||ENDED||3,600,000 /3,600,000 USD raised|
Raised: 12,600,000 of 16,200,000USD ( 78%)
|Ticker:||MTV||Available for token sale:||2500000000|
|Token type:||OWN WALLET||Private-sale/pre-sale token price:||/|
|Accepts:||ETH||Private-sale/pre-sale bonus:||no info/ no info|
|Prototype:||Pre-sale min/max personal cap:|
|Team:||22 persons||Crowd-sale token price:||0.006 USD|
|Team residence:||Crowd-sale min/max personal cap:||180 USD / 3600 USD|
|Company residence:||Singapore||Cant participate:||the United States of America, Canada, New Zealand, Thailand, Japan, Mainland China, Bahamas, Botswana, Cuba, Democratic People’s Republic of Korea, Ghana, Serbia, Tunisia, Somalia, Zimbabwe,|
13-July. I'm looking into that one as well, actually, I have a call with a team on Saturday looking into that one, so far so good. Link
23-July. MultiVAC is the highest rated project but I don't like the 50% bonus for the seed round, I think it will cause lots of selling pressure despite the 3 month lockup. The last two projects I've personally done with 50% bonus dumped despite a lock up. Seed round investors are likely to sell whatever tokens they have within two months anticipating a sell off on the third month when they receive more of their locked up tokens. I believe crowd sale investors if any will sell some tokens within 1-2 months anticipating the sell off. So in general, I think they'll be an opportunity for me to possibly enter this project near or below ICO price due to the selling pressure from the bonus.
29-Mar Multivac has been upgraded from "Wait for the Rebound" to "Hall of Fame" due to removal of the large bonus by offering retail investors a better price than private sale.
A strong team with an excellent track record with leading firms. VRF's algorithm as used in Algorand and Dfinity. Novel solution to 'impossible triangle' problem.
19-Nov. not investing due to huge bonus for seed round. A strong team with an excellent track record with leading firms. VRF's algorithm as used in Algorand and Dfinity. Novel solution to 'impossible triangle' problem.see more
16-July. Brus: MultiVAC - blockchain with sharding, a lot of scientists in the team. What's cool, that they have in the 4th quarter of 2018 the release of the testnet and in the 2nd quarter of 2019 the launch of the mainnet. Very interesting project, and main-sale will also take place.
Sergey: Looks like a candidate for High / Very High.see more
Picolo Research presents a favorable ‘Buy’ rating on MultiVAC. The project has a unique value positioning to offer a flexible solution in tackling the trilemma issue of blockchain scalability. Aside from this, they are the first to implement a verifiable random function in sharding technology, and concurrently working on a solution to enhance the limitations in sharding.
Overall, for the reasons listed, Picolo affirms its rating on MultiVAC:
• A unique value proposition to create a customizable platform suitable for various dApps projects.
• A well carved out consensus algorithm that complements their sharding model
• A strong technical team with deep understanding of the technology in this space
Not withstanding the above, Picolo acknowledges several concerns regarding MultiVAC. The project does not have any established partnerships nor detailed business plans at the moment. In addition, the team does not possess strong commercial experience, but this could change with the strategic partnerships formed during the fund-raising rounds. Picolo analysts will continue to monitor any developments and update the rating accordingly should further information deviate significantly against our current assessment.
In light of the preceding, we recommend a ‘Buy’ rating on MultiVAC for investors seeking long-term exposure.see more
MultiVAC is still very much in its infancy and is entering into a highly competitive sector already occupied by projects such as EOS, Zilliqa, Dfinity, and QuarkChain. The team feel that by allowing developers to customize their dApps via flexible sharding selection they can gain an advantage as developers will have control over specific aspects including the management of forks and gas fees. In addition, the MVM will enable developers to obtain detailed explanations of gas costs related to smart contracts and also provide suggestions regarding optimal code bases.
Due to the large number of projects already in operation the MultiVAC team will need to hit the ground running and the collective has a strong academic base as well as experience at companies like Google, Microsoft, and Goldman Sachs. Crucially, the team have significant experience at a variety of successful Chinese firms such as Alibaba, Baidu, and Meituan.
This bodes well and the presence of funds such as TGL Capital, Neo Global Capital, Signum Capital, and Hashed hints at the fact that the team may be developing something substantial. However, the team is still young and many are still currently employed at other companies. In addition, there is little tangible evidence for investors to investigate and the proposed mainnet launch in Q2 2019 will leave MultiVAC behind a number of its more direct competitors. As a result, a solid go-to-market strategy will have to be developed and implemented and the team will need to aggressively build a community and pursue enterprises and large scale dApp developers that will benefit from using their platform service.
Much will depend on the team’s ability to produce results as soon as possible, as the project is still in the development stage, and having the testnet ready by the end of July will help to solidify the trust of early participants as well as generate increased interest and attract potentially secondary market investors. MultiVAC definitely looks promising, but has a number of crucial hurdles that need to be navigated in the near future. Due to the project’s potential, the presence of influential funds, and attention it has already attracted, it is surely one to keep an eye on.see more