Orca Alliance



  • an ambitious project with a lot of use cases
  • good incentivization of the token
  • working demo




  • not very convincing team
  • a bit vague roadmap




Team: 2/5

Project: 4/5

Token use case: 4/5

Token Metrics: 3/4

Roadmap: 1/3

Community and marketing: 3/5

Hype: 2/3



ORCA, which is short for 'Open & Regulated Cryptocurrency Adoption', will be a platform of its kind to globally integrate both banking and cryptocurrency accounts, as well as spearhead the growth of the crypto economy. ORCA will take advantage of the EU’s revised Directive on Payment Services (PSD2), which empowers account holders with the authority to share data, removing the financial institution's role as gatekeeper. In addition, the ORCA Platform fosters the creation of a dynamic financial services ecosystem through the ORCA App Center, a one-stop shop for crypto service development, and Quest, a gamified community that fosters blockchain technology innovation. The platform will allow users to access and manage multiple bank accounts, credit cards, investment funds, insurance policies and other financial services from a single platform - for simpler comparison of options, faster access, and ease of use.



The core team consists of 24 people, 9 of those are developers. Also they have 10 advisors some of those are: Darius Rugevičius - Co-founder and Managing Partner at Connect Capital, Rytis Bieliauskas - Hackathon winner, Steen Trondhjem Nielsen - General Manager at Banque Internationale à Luxembourg, Mažvydas Mackevičius, Ph.D. - Ph.D. in Informatics, Steven Sprague - CEO of Rivetz Corp, Board member of Factom.


Natan Avidan - CEO -  Founder

  • Mentor at Blockchain Centre Vilnius - it is a non-profit association uniting all the stakeholders to protect common interest and to facilitate the environment for growth, innovation, and collaboration.
  • Managing Partner at mancanweb - Branding & Web Development Agency - for about 2 and a half year.
  • Co-Founder of company Legal Guns Media
  • Digital Marketing Manager at Lietuvos paštas, AB - Digital marketing (Google AdWords and Analytics, PPC, CPA, CPI), social media (created and managed 2000+ fan base)



Dmitrij Radin - CTO, Co-Founder

  • Vice President at CRYPTO ECONOMY ORGANISATION - currently still on this position - Crypto Economy Organisation is an associated legal person a non-governmental organization founded to represent interests of the members and satisfy public interests through the activity of public benefit.
  • Mentor at Blockchain Centre Vilnius - currently still in this position
  • CVO at CryptoAd.Network - currently still in this position
  • Co-owner & executive producer at Legal Guns - currently still on this position



Vachtangas Babunasvili -  CBDO / Investments

  • CEO at JG Investment Management - The Company manages assets of private investors - currently still in this position
  • Investment Banking Associate at Orion Securities UAB FMI - for 2 years - Orion Securities Group is the largest non-banking financial group in Lithuania providing services in selling securities as well as corporate finance, investment banking, and financial management services to both private individuals and legal entities.
  • HNW Asset Manager at Luxury Life Investments - 3 years - Managed various assets of private investors.
  • Value Creator, Co-founder at BRB Partners - 3 years - Creating long-term organizational strategic goals, building key customer relationships.



Laurent Bourquin - COO

  • CIB Financial Analyst at Societe Generale Corporate and Investment Banking - SGCIB - for this company he worked for 4 and a half year on three positions.




The platform provides the technology needed for capturing the synergy that arises from cryptocurrency service aggregation, community engagement, and mainstream adoption. The ORCA Platform includes the following solutions:

  • An Open Banking Platform - A solution to financial data from diverse sources including banks, crypto wallets, and financial exchanges.
  • An Account Overview Interface - An easy-to-understand visual depiction of the user’s financial situation.
  • ORCA AI - 'Machine learning algorithm'-based analysis of customer data and financial activity to provide effective financial management feedback to both customers and financial service providers.
  • ORCA App Center - The "Google Play" of the crypto world, where apps are developed, showcased, tested and monetized.
  • Quest - A community of crypto developers and consumers focused on developing new apps, fostering blockchain innovation, solving problems, shaping or funding future services and contributing to the ORCA community.
  • ORCA Tokens - The fuel of the ORCA Platform: used to reward community users, finance startups, purchase services and serve as a payment medium.


The ORCA Platform aims to solve the problem of high transaction costs through the ORCA Sidechain. A sidechain is a protocol that breaks down one transaction into many smaller amounts that are recorded on a separate ledger, and then reassembles transactions and synchronizes them on the main chain.  The ORCA Sidechain will store transactions that occur on the ORCA Platform and resend them to the main chain as a bundle.


ORCA will offer a solution by enabling a Token Swap on the Platform and making ORCA Token a "one-for-all" access token for all third-party services. Once a service is added to the ORCA Dashboard, users will be able to pay for it with ORCA tokens, which will be converted automatically to the service provider’s tokens. The exchange will take place through the Bancor Protocol for continuous liquidity.


Partnerships so far:

Token use case

Different tiers of apps and services will be accessible to users, based on the amount of ORCA tokens held. More advanced apps/services, such as trading bots and lending gateways, will be accessible to users with higher overall balances. This will incentivize users to accumulate ORCA tokens in order to unlock more services and apps.


ORCA Token holders will have access to exclusive deals from ORCA’s partners. That could translate into discounts on an online trading platform or bonuses on an online crypto gaming service.

Data providers will be able to pseudonymize generated content and sell it directly to businesses for ORCA tokens. The ORCA Platform thus acts as a financial data aggregator, allowing both individuals and companies to monetize and exchange information quickly and efficiently. The platform offers users the opportunity to earn money from their personal data, selling it for ORCA tokens to service providers, marketing companies and so on.


It also allows users to pay for all services, both crypto and conventional, with ORCA tokens, thus saving time and conversion fees.


Any member can join a quest by depositing a pre-determined amount of ORCA tokens. If the Quest is not completed successfully, all or part of the deposit will be distributed among the quest's host and other community members.


Token metrics

ERC 223 compliant token, 460 000 000 will be issued and the supply is finite. Token will be divisible to 9 decimal spaces. A 60% of the whole supply is offered for public sale.

65% of the funds will be used to platform and business development. Another 20% is allocated for community development, 10% for legal and regulatory activities and 5% for education and promotion of the platform.



According to the roadmap, the beta of the platform should be out in September 2018 and in January 2019 the official launch should happen. The roadmap does not provide any more details about the individual milestones and no information about development after the January 2019.


Their Telegram https://t.me/ORCAalliance has about 30k members. On Twitter https://twitter.com/ORCA_Alliance they have about half of that. Orca Alliances Facebook https://www.facebook.com/ORCAAlliance/ is followed by circa 5 000 people. On Linkedin https://www.linkedin.com/company/orca_foundation_io/ they have 253 followers. Their blog https://medium.com/@ORCA_Alliance has about 370 followers and active content posting. The Youtube https://www.youtube.com/channel/UCSGGZqtOFOD1dpj3rMJrCYw channel is followed by 322 people. The Bitcointalk https://bitcointalk.org/index.php?topic=2477106.0 thread is active. Their Github https://github.com/orcaalliance is not very active. Their Discord https://discordapp.com/invite/xE3t49F has about 230 members.





  • Experienced team
  • Token incentivization
  • Very useful product that aims to solve one of the biggest pain points of contemporary crypto-currencies




  • No big community or activity of community so far
  • Core team are only 4 people now




Team: 5/5

Project: 5/5

Token use case: 5/5

Token Metrics: 2/4

Roadmap: 1.5/3

Community and marketing: 2/5

Hype: 2/3




BloXroute is a provably neutral transport layer which runs underneath cryptocurrencies. bloXroute allows to safely increase the block size and to cut down the time interval between blocks, without increasing the risk of forks and provides real-time support for immediate transactions with zero-confirmation (0-conf). The use of bloXroute requires no consensus, nor a protocol change, beyond adjusting system parameters. It is compatible with any off-chain scaling solutions, complementary to the native consensus protocol used, and can be gradually deployed by any node wishing to receive blocks at a higher rate. With the networking bottleneck removed, each cryptocurrency community is free to adjust its protocol to best leverage this newfound capacity, in order to increase its real-world impact and value.

Note that the payments to bloXroute are utterly voluntary, yet they incentivize miners to require a significantly smaller fee. bloXroute is thus designed as a Win-Win-Win scenario, benefiting users, miners, and the bloXroute system alike, with 99.9% of the value created being captured by the users and the miners.




Uri Klarman - CEO -

He is the most vocal proponent of bloXroute, which is his doctoral dissertation work at Northwestern University. Uri is an interdisciplinary networks researcher, and his work encompasses innovative uses of Computer Networks, disruptive blockchain networking schemes, alternative content distribution networks, trustless peer coordination, and security.



Prof. Emin Gün Sirer - Chief Scientist -

He has been involved in the field of crypto from the very start. He had pivotal roles in characterizing the Nakamoto consensus, the DAO detection, and aftermath. He is a pioneer in on- and off-chain scaling, and, most importantly for this project – he is the inventor of the Falcon backbone relay.




Prof. Aleksandar Kuzmanovic - Chief Architect -

He is a Net Neutrality expert and a full Professor in the Department of Electrical Engineering and Computer Science at Northwestern University, where he is currently on leave of absence. Prof. Kuzmanovic’s work on Net Neutrality had awarded him an NSF CAREER Award, and he is one of the founders and a member of the steering committee of Google’s Measurement Lab initiative for monitoring global Net Neutrality. His work and systems on congestion control, traffic analysis, and content distribution have been widely disseminated on the Internet, finding its way to millions of users.



Soumya Basu - CTO -

He is a member of the Initiative for Cryptocurrencies and Contracts (IC3) group at Cornell University. He is most well known for creating the Falcon Network, which has been operational in the Bitcoin network since April 2016. Soumya’s work aims to remove trust without reducing performance in cryptocurrency systems. He was awarded the NSF Graduate Research Fellowship and a paper award at ACM SIGCOMM.




Advisory board:




The system is the first to combine a legacy peer-to-peer network and a novel global BDN where the peer-to-peer network is used to audit the BDN (Blockchain Distribution Network) and its neutrality. Nodes need not place any trust in the BDN. Instead, the BDN blindly serves the nodes, without knowledge of the blocks it propagates, their origin, or their destination.

BloXroute is protocol-, coin-, and blockchain-agnostic, capable of simultaneously supporting any number of blockchains.

The bloXroute system consists of two types of operational networks, as shown in Figure 1:

  • bloXroute is a high-capacity, low-latency, global BDN network, optimized to quickly propagate transactions and blocks for multiple blockchain systems.
  • Peer Networks are P2P networks of nodes which utilize bloXroute to propagate transactions and blocks, while carefully auditing its behavior. Each Peer Network consists of all the nodes using a specific protocol. For example, all the Bitcoin nodes utilizing bloXroute form a single Peer Network, while all the Ethereum nodes utilizing bloXroute form a different Peer Network.


bloXroute utilizes:

  • systemwide caching that enables faster propagation and Gigabyte-size blocks
  • cut-through routing that enables swift and efficient transmission of blocks through the network.


In essence, bloXroute implements and provides an efficient broadcast primitive to the blockchain nodes, via a network of Gateways, making them operate as if they are on the same Local Area Network, while in reality, they might be residing at opposite parts of the globe.


BloXroute propagates blocks in the exact same manner for every user of the system. In particular, bloXroute propagates blocks without knowledge of the transactions they contain, their number, and the “wallets” or addresses involved. Miners are free to include arbitrary transactions in a block. Furthermore, bloXroute cannot infer the above characteristics even when colluding with other nodes, or by analyzing blocks’ timing and size. bloXroute cannot favor specific nodes by providing them blocks ahead of others, and cannot prevent any node from joining the system and utilizing it. In short, bloXroute can only propagate all blocks to all its Gateways fairly.


To achieve neutrality and enable its auditing, bloXroute supports encrypted blocks, which prevent it from stopping the block propagation based on its content or any other feature. A block’s encryption key is only revealed after the block has been propagated through the network. To ensure bloXroute is not discriminating against individual nodes, Gateways do not propagate blocks directly to bloXroute, but relay them via peers in the P2P network to obscure a block’s origin from bloXroute. Nodes can actively audit bloXroute’s service and performance by sending test-blocks to bloXroute. Lastly, bloXroute incorporates peer-controlled measures to sustain blockchain operations even in the event of a complete system failure.


Regardless of the consensus protocol, every honest peer must obtain information about each transaction in the system. bloXroute focuses on this particular problem, which is fundamentally a broadcast problem since every valid piece of information (transaction/block) must be propagated to every honest peer in the system. BloXroute is thus complementary to a native consensus protocol used, and it is capable of boosting up the performance, often dramatically, for any blockchain.


bloXroute - Provable Neutrality:

  • Encrypted Blocks: blocks are propagated after being encrypted. BloXroute’s encryption also alters the block size, hiding the number of transaction and their total size.
  • Indirect Relay: preventing individual nodes from propagating their blocks, nodes do not propagate blocks directly to bloXroute. Instead, a node wishing to propagate a block will first propagate it to a peer on the Peer Network, which will relay it to bloXroute, obscuring the block’s origin from bloXroute.
  • Test-Blocks: nodes must be capable of continuously monitoring bloXroute’s service. Such monitoring is achieved by allowing nodes to send encrypted invalid blocks, test-blocks, directly to bloXroute, and measuring the time required for peers to report the arrival of the test-blocks.
  • Sustainability through Peer Auditing: To assure bloXroute’s sustainability, transactions may include a minuscule, optional and voluntary payment to bloXroute, which provides greater incentives for miners to include them.
  • Partial Disclosure of Peers: Peer Network nodes do not reveal all the nodes they are aware of. Instead, nodes conceal half the nodes they are aware of, including half of their immediate peers.


Token use case


To support the development of the network, bloXroute launches its own capped-supply ERC20 token – BLXR, which supports bloXroute’s goal: promoting the success of all cryptocurrencies, rather than competing with them.


BLXR was designed with two goals in mind: to align the incentives of the entire cryptocurrency ecosystem and to be a vehicle for investment in bloXroute. Each BLXR is exchangeable for a proportional portion of a unique cross-cryptocurrency reserve, the BLXR-Reserve, which consists of multiple cryptocurrencies. Thus, the holder of 1% of the entire BLXR supply can “cash out”, and exchange it for 1% of the funds currently held at the BLXR-Reserve.  Even when BLXR are “cashed out” and funds leave the BLXR-Reserve, the “cashed out” BLXRs leave the circulation, leaving the price floor of BLXRs unaffected. The value of BLXR is affected by the valuation of other cryptocurrencies since such valuation would affect the value of the funds held at the BLXR-Reserve. Thus, an investment in BLXR has some similarity to a diversified investment in all the cryptocurrencies which utilize bloXroute, since bloXroute will receive payment from them.


For each transaction, bloXroute’s optional payment is 10% of the miner fee. Note that bloXroute’s payment is dwarfed by the costs saved and by the capacity enabled, which translate to orders of magnitude less fees per transaction, the order of magnitude more fees collected by miners while maintaining bloXroute’s profitability and sustainability.


By passing 50% of all funds received by bloXroute to the value of BLXR, the success of BLXR becomes tied to bloXroute’s success, and to the success of all other cryptocurrencies. BLXR thus aligns the incentives of the entire ecosystem: bloXroute, cryptocurrencies, users, miners, and investors.


Assuming a mining fee of 0.005 USD, i.e., half a cent, a payment of 0.0005 USD to bloXroute (10% fee to bloXroute), and broad bloXroute adoption (200,000 TPS across all cryptocurrencies), bloXroute revenues would amount to over 3.1 Billion USD per year. 50% of these earnings will be immediately directed to the value of BLXR.


Token metrics


So far no information about the token sale metrics is provided by the team.




Their Github profile is not yet created but promised:

On Twitter https://twitter.com/bloXrouteLabs they have 1117 followers, their Medium https://medium.com/@bloxroutelabs has 247 readers and so far 3 blog post, on introductory and two others about scalability issues. Reddit https://www.reddit.com/r/bloXrouteLabs/ has 148 readers, last activity there seem to be almost 3 weeks ago.

Decentralized Autonomous Vehicles



Pre-sale: sold on presale  14 000 000 USD

Public sale: 11th June of 2018

Whitelist: yes + KYC

Hard Cap: 76 000 ETH

Total supply: 2 480 000 000

Token allocation: 40%

Token base price: 1 DAV = 0,0683 USD (0,00010 ETH)

Accepted currency: ETH


Underlying platform: Ethereum, ERC20

Ticker: DAV




  • First-mover for a decentralized solution for a huge potential market
  • Incentivization of participants and contributors to the infrastructure
  • Fair recognition on social media




  • The token does not have many use cases
  • Not that big allocation for token buyers
  • Very ambitious and a bit futuristic goal for now




Team: 4/5

Project: 4/5

Token use case: 3/5

Token Metrics: 2/4

Roadmap: 2/3

Community and marketing: 3/5

Hype: 2/3




DAV is a computer network that will ultimately connect self-driving vehicles (such as cars trucks, rovers, and drones) to everyone on that network, enabling them to discover, communicate, and transact using a token. Users can pay for the use of any of those vehicles with a token to get a ride or pick up and deliver a package. People who own those vehicles or the charging stations on the network can earn tokens for these services they provide.




Overall there is 18 people in the core team and 12 advisors. Furthermore there is about 142 open source developers contributing to the project.


Noam Copel - CEO and Founder - A senior executive, strategist, and investor, with an expertise in the blockchain, cryptocurrencies, and encryption. In 2003 created the world’s first smartphone encryption system distributed in over 50 countries.




Tal Ater - CTO and Co-Founder - A developer and entrepreneur for over 20 years, a published O’Reilly author, an invited expert on the W3C Automotive Working Group, and a coder since the age of 8. Experienced in building and leading R&D teams in startups and organizations. Previously R&D Director and VP of Product at Somoto (TASE: SMTO). Core contributor and lead developer of many influential open-source projects.





John Frazer - CCO and Co-Founder - John is the former External Relations lead for the Ethereum Foundation and was a senior member of the Devcon3 team. An experienced senior manager in the technology industry. He has served on multiple boards for non-profits, for-profits and in economic development.  



Joe Lopardo - CMO and Co-Founder - An entrepreneur, investor, and doer for over 10 years across a multitude of industries. Involved in the blockchain and cryptocurrency space at large. Has worked with companies such as Google, Oracle, Salesforce, and SAP to develop their brand and implement marketing strategies.



Advisory board

Dr. Alan Messer - Automotive Advisor - An industry consultant and was formerly Vice President of Software and Innovation and CTO of Global Connected Consumer eXperience at General Motors where he led GM's work on products, platforms and future technologies for the Connected Car and Services. Alan has worked at a variety of consumer electronics companies including Samsung Electronics, HP, and Sony Electronics.



Dr. Scott Horowitz - Aerospace Advisor -  A former NASA astronaut, Space Shuttle pilot/commander, and NASA Associate Administrator for the Exploration Mission Directorate. He was an Air Force instructor pilot, F-15 fighter pilot, and test pilot. He has held positions in the aerospace industry and has been a college professor. He currently is president of Doc’s Aerospace LLC providing flight test and technical services to all sectors of aerospace from rockets to drones.


Jay Adelson - Internet Infrastructure Advisor - Serial entrepreneur and a investor known for his work founding and running companies such as Equinix, Digg, Revision3, SimpleGeo, and Opsmatic. Equinix, which Jay founded and was its CEO, is currently the largest data center provider in the world, providing data centers to Amazon Web Services, Microsoft Azure, and others. In 2008, Jay was selected by Time Magazine as one of the 100 Most Influential People in the World.



Dr. Greg Colvin - Technology Advisor - Core developer with the Ethereum Foundation and a key engineer behind the Ethereum Virtual Machine. Served as a sitting member of the ANSI/ISO C++ standards committee and as a Principal Member of Technical Staff with the Java Products Group at Oracle Corporation. Holds a Ph.D. in Quantitative Psychology from Cornell University.





The DAV stack is composed of five main components, each providing one piece of the puzzle needed to enable a decentralized autonomous vehicle ecosystem. The five decentralized components are:

  • Identity
  • Discovery
  • Communication
  • Mission Flow
  • Payments


Each entity using the DAV network has its own pseudonymous identity, known as a DAV Identity. These entities might be a person looking to purchase transportation services, a rooftop charging station for drones, a driverless car, an insurance service, or even a group of several cargo drones controlled by a single system. These pseudonymous identities are uniquely identifiable and non-ephemeral, while still providing a degree of anonymity. For example: you can know how many successful missions a drone completed, but not who that drone is or who owns it.


While it is possible for a smart contract to know when a financial transaction has completed, knowing whether a physical package was delivered with a scratch is trickier. DAV offers three tools for dealing with counterparty risks: a public transaction history, third-party arbitrators, and third-party insurers.


A single legal entity or person can create multiple pseudonymous identities to represent themselves. This makes the system potentially prone to so-called sock puppets – identities created with the sole purpose of hiding past negative behavior. Users tend to trust and value vendors with a long history of successful transactions while considering transactions with new vendors riskier. For example, in online freelancing sites such as Upwork and Elance, veteran users with many positive ratings are able to charge a premium over new unknown users. Similarly, when evaluating bids for services over the DAV network, a potential buyer might look at a seller's history as important criteria, and not just go for the lowest bid.


Decentralized discovery represents the difference between a world where introducing a vehicle to a new environment requires building a support structure around it (e.g., charging and service stations, parking, etc.), and a truly connected world where any autonomous vehicle can operate in any environment, consuming services around it as the need arises.

DAV implements this decentralized node discovery using a peer-to-peer protocol that is based on Kademlia DHT (the same algorithm used by Ethereum's node discovery, as well as popular peer-to-peer protocols such as BitTorrent).

It enables node lookups with logarithmic difficulty and has been proven to scale remarkably well.


Decentralized communication is key to facilitating most types of operations within the DAV network. This communication can be divided into two groups: on-blockchain communications and off-blockchain communications (peer-to-peer communications).


DAV's peer-to-peer publish/subscribe system is based on an extension to Kademlia that is based on the Quasar algorithm. We are working to improve on a few of the issues identified in Quasar, namely latency, advantages to peers in close XOR distance (Kademlia uses an XOR metric to define distance. Two node ID's or a node ID and a key are XORed and the result is the distance between them. For each bit, the XOR function returns zero if the two bits are equal and one if the two bits are different. XOR metric distances hold the triangle inequality: given A, B and C are vertices(points) of a triangle, then the distance from A to B is shorter than (or equal to) the sum of the distance from A to C to B.” https://en.wikipedia.org/wiki/Kademlia) rather than geographical distance, and the ability for nodes to refuse to relay messages when it is advantageous to them to do so.


Mission flow

To enable a successful exchange of services between two or more parties, DAV offers a communication protocol designed to ease each step of the mission flow – from the initial statement of need through bidding, service fulfillment, and eventually payment. These steps are executed off-blockchain using peer-to-peer communication and are governed and enforced by a number of smart contracts on the blockchain.



A buyer is defining a need. This Need is then broadcast to all DAV entities that are able to provide that service. As an example, let's take a person looking to ship a package to a friend who lives in the city. That user broadcasts a Need to deliver a package of a certain size from coordinate α to coordinate β at a certain time. In turn, a drone looking to deliver that package might broadcast its own Needs, such as a charging station within 500 m of coordinate β and a robot able to do the "last mile" of the delivery from a rooftop landing station to the second floor of the building at coordinate β.
The Need includes a number of fields, which are mandatory to all Need messages, as well as a payload with additional details specific to the type of service requested (e.g., package weight, number of passengers, etc.)


Bidding process:

Any Identity (a seller in this case) listening to incoming Needs can respond with a Bid to fulfill that Need. The Bid is sent directly to the buyer and, like the Need, includes a few mandatory fields common to all Bids, as well as a payload containing additional details relating to the specific type of service. For example, a drone responding to a request for a ride might include the price for completing the mission, an expiration time for the Bid, the drone's current location, estimated time of pickup, estimated time of delivery, and additional details like whether it requires a third-party arbitrator to sign the contract.

The entire flow is asynchronous. The drone from the previous example might receive the Need and, before sending its Bid, broadcast its own Need asking for Bids from insurers to insure the delivery.


A multi-step smart contract between a drone and a client looking to ship a package can be updated as the mission progresses through various steps (travel to the pickup location, pickup, travel to a destination, etc.) This on-blockchain data can later be used by another contract that was created to insure the transaction.


DAV will develop tools to enable third-party developers to create domain-specific multi-step contracts to be used on the DAV network.


To help grow the Internet of Transportation and jumpstart the network effect, the foundation will actively incentivize early adopters in select cities, establishing favorable market conditions and lowering barriers to entry. DAV cities will be designated by the foundation based on the following criteria:

  • Autonomous-vehicle-friendly regulation
  • Financial incentives from local EDOs (i.e., economic development offices)
  • Viable use cases and populations of early adopters
  • Deployment of UTM12 for integrated airspace management through e-registration, e-identification, flight planning, geofencing, airspace authorization, flight tracking, and live telemetry services

Token use case


DAV smart contracts support the transfer of DAV tokens, refunds, staking tokens for insurance, and more.

The token is fully ERC-20 Token Standard -compliant. It implements the ERC-20 token interface, with a few additions that extend its functionality for the unique needs of the DAV network, as well as deal with a few of the known security issues of ERC-20 tokens.


In addition to the specialized functionality it enables, the payment contract also keeps track of which Identities hold incentive tokens, as well as a whitelist of identities that can receive incentive tokens.


Incentive tokens are real DAV tokens held in a separate wallet by DAV Foundation or the relevant ecosystem member. When the DAV Foundation or other ecosystem members decide to incentivize a seller (e.g., a charging station) it may deposit DAV tokens (either previously acquired or bought with Ethers at the current market rate on the secondary market) in the incentive token wallet of the DAV Foundation or the relevant ecosystem member, as the case may be. DAV Foundation does not operate such wallets on behalf of ecosystem members (i.e. ecosystem members may not hold the tokens centrally on hardware wallets with DAV Foundation and DAV Foundation does not hold the private keys on behalf of ecosystem members). Next, it assigns those tokens to potential buyers (e.g., electric vehicles) of that seller's services using the “addIncentiveTokens()” function. Finally, it uses the “createIncentive()” function to add that seller's Identity to the incentive whitelist, allowing buyers to pay that seller with incentive tokens. When creating an incentive, a limit is also placed on the maximum number of tokens that a seller can receive, as well as the maximum percentage of each transaction that can be paid for with incentive tokens.

An example of this structure would be a charging station manufacturer incentivizing homeowners to buy and place charging equipment in their driveways. If the equipment and installation costs of each station is 100 DAV, the manufacturer may whitelist each of these new charging stations to receive up to 100 DAV in incentive tokens, virtually guaranteeing that the homeowners cover their initial costs.


Token metrics


DAV tokens will be distributed as part of a DAV incentives program, which will provide bounties directly to consumers and enthusiasts in DAV cities, to autonomous transportation services, and/or to autonomous vehicle companies for purchasing services from within the transport economy, such as charging or maintenance. As a balancing factor, the DAV Foundation will only fund the DAV Incentives program using DAV tokens that it has purchased on the markets at market price, using the foundation’s ETH reserves that were allocated specifically for this purpose.

To help make sure that incentives tokens are properly utilized, they are embedded with a list of allowed Identities before being distributed.


While the limitations on incentives do require a temporary period of centralized growth management, this does not have an impact on the long-term architecture of DAV as a completely decentralized platform.



The core team behind DAV will work with the community to continuously document, publish, and open source proof-of-concept releases.


Major milestones for development and go-to-market are:

  • MVP #1 - World’s first autonomous vehicle to autonomously bid for delivery services, complete them, and get paid using tokens directly to its own wallet.
  • MVP #2 - World’s first autonomous vehicle to pay for its own battery replacement using tokens and take off to complete its delivery mission.
  • MVP #3 - World’s first autonomous vehicle to pay another autonomous vehicle (robot) using tokens for completing the last mile of a delivery mission.
  • MVP #4 - Longest drone delivery flight ever, flying cross-country using the support of multiple DAV battery-changing stations along the way.
  • Additional Development - Add support for robotic vehicles, cars, and marine vessels.

Main net and first service should be launched before token sale. The goals of the team are clearly defined and end in Q3 2019 when the network should be fully released with all the services.




Their Telegram https://t.me/DAVNetwork has more than 15 000 members, Rachel Linnewiel and Joe Lopardo are editors of their Medium https://medium.com/davnetwork blog which is semi-active and filled with interesting content. On Youtube https://www.youtube.com/c/DAVNetwork, their channel has about 2,9k followers. Their Facebook https://www.facebook.com/DAVNetworkTeam is followed by circa 3 700 users. On Twitter https://twitter.com/davnetwork?lang=en, 3 700 followers, their Github: https://github.com/DAVFoundation. On Reddit https://www.reddit.com/r/DAVNetwork/ they have 362 readers but the community seems not to be very active there. Their Linkedin profile has 308 followers https://www.linkedin.com/company/dav-foundation/.   


The project has medium-high hype compared to other overhyped projects that came up this year and active marketing on various social media.





Pre-sale: May 1, 2018, at 4:00 a.m. GMT, with 10% bonus, but also private pre-sale with unknown bonus

Public sale: May 8, 2018, at 4:00 a.m. GMT

Whitelist: yes

Hard Cap: 30 000 000 USD

Total supply: 100 million (60 million circulating 40 million mintable in the future)

Token allocation: 40%

Token base price:  1 GEN = 1,00 USD

Accepted currency: ETH

Company information: DAOstack Limited, Gibraltar, c.n.: 116055

Underlying platform: Ethereum, ERC-20

Ticker: GEN


  • Use of the GEN token and accounting for plutocracy problem

  • Open source

  • Genesis DAO decentralized fund


  • CEO has involvement with two unsuccessful projects in the past

  • Private pre-sale with unknown bonus


Team: 2/5

Project: 4/5

Token use case: 4/5

Token Metrics: 2/4

Roadmap: 3/3

Community and marketing: 2/3

Hype: 3/3


DAOstack is an operating system for a new form of organization: the DAO - Decentralized Autonomous Organizations, a Wordpress for DAOs. It’s a platform for decentralized governance that enables collectives to self-organize around shared goals or values. At the base of the DAO stack, Arc is an open, universal framework of smart contracts for decentralized governance and collective value management over the blockchain. Just as

HTTP allows the creation and interoperability of websites and web applications, DAOstack allows the creation and interoperability of web companies, collaboration apps, and DAOs.

The platform launches spring 2018 and includes a modular smart contract framework, a friendly JavaScript developer environment, and an intuitive user interface that allows anyone to create or participate in a decentralized organization without technical knowledge.


Matan Field - CEO and Architect - He was a Co-founder and CEO of Backfeed - provides the protocols that make it possible for any disparate group of individuals to easily deploy decentralized applications based on spontaneous, large-scale and free collaboration. “The CEO, Matan Field, founded a project called backfeed, in 2015. Backfeed was almost the exact same project as DAOstack (only without the token), but it failed in early 2016. When asked about this, Mr. Field explained that he had taken too much on himself as at some point he was effectively the CEO, CTO, chief scientist and chief product. Besides, in his words, the project lacked focus overall. While this seems like a giant red flag, he’s right. It is a massive project to take on, and he does have a strong looking team now that he didn’t have back then.” https://hacked.com/ico-analysis-daostack/
He also co-founded La’Zooz - open-source and decentralized collaborative transportation system, that uses cryptocurrency technology in order to establish, coordinate and grow its community of users, developers, and promoters alike. The app was a failure. The La-zooz website tried to do a token sale in January 2017 but the devs claimed on Twitter that their website was hijacked and no token sale was officially launched by the project founders.

He has PhD. of Theoretical and Mathematical Physics.

Adam Levi - Co-Founder and CTO - Doctor of Philosophy (Ph.D.) focused on Theoretical Physics about quantum effects in black-holes from Technion - Israel Institute of Technology. Studied at the same University as Matan Field. According to his Linkedin he has not yet any professional background in business development or blockchain development. But he claims to have 22 years of programming experience.


Roberto Klein - Legal & Regulatory - For 8 years he has been an Angel Investor in various companies. His first job was as Electro-Optic Engineer at RedC Optical Networks. After that, he was an Analyst/Consultant for The Dovrat Investment Group (currently Viola). For almost 3 years he was a VP for Biological Signal Processing Ltd. None of his education or past experience is focused on law or regulations.


Yehonatan Goldman - COO -  He was an Owner and Winemaker at Kadita Winery (which seems to be a family vineyard http://www.israeliwinedirect.com/?method=pages.showPage&PageID=8A6019B4-A03F-1CD1-D4B2-EA76196ECBB8&originalMarketingURL=About-Us/Our-Wineries/Kadita ). Also, he was an Owner of Talish gallery. Also no previous experience in blockchain startups or tech-startups at in general.


Nathalia Scherer - Community & Biz Dev - Her background varies from Industrial and Systems Engineering, managing a technology startup, consulting for business strategy in San Francisco, to managing global communities.




Josh Zemel - Communication and Marketing - Most of his career he was involved with IMM - a full-service digital marketing agency based in Boulder, CO.  We focus on building national marketing programs, where he was in various positions.

He is Co-Founder of ClientStream - a platform to enhance viral business growth that was profitable in its first year. For more than 4 years he was a Course Leader at The Integral Center - A "community-as-practice" organization exploring the frontiers of what creates stronger relationships.



From their advisors most notable are: Jordan Greenhall - Co-Founder and ex-CEO of DivX, Martin Köppelmann Co-founder and CEO of Gnosis, and Yoni Assia Founder and CEO of eToro.com.


DAOstack will be not a fixed offering in decentralized governance, but rather a sandbox for ongoing experimentation, in which bits and pieces of governance infrastructure can be easily mixed and matched for each organization, like LEGO building blocks or WordPress templates.

The base layer of the stack, called Arc, consists of the bits and pieces of governance infrastructure mentioned earlier. It’s a library of smart contracts implemented on the Ethereum blockchain, each of which represents functional elements that can be mixed, matched, and even modified to create the complete governance protocol for any given DAO. Because Arc is written in Solidity code, the users most inclined to interact with the stack at this level will be programmers.

Arc.js is a JavaScript library that lets front-end developers easily build applications on top of Arc without being familiar with Solidity or the blockchain. With Arc.js, any organization or industry has the option of creating a custom interface suitable for its own use cases.

The ArcHives are a set of shared registries designed to enhance interoperability among the DAOs and Dapps utilizing Arc and Arc.js.

The first application being built on the stack is Alchemy, an intuitive user interface for budgeting and resource allocation for decentralized organizations. With Alchemy, anyone will be able to create a DAO in a few clicks, create an ERC20 crypto-token if desired, and invite others to participate in a hub of decision-making and talent-sharing. Demo presentation of MVP for Alchemy is here: https://www.youtube.com/watch?v=iWm9SzYLq8A

For more details, there is a blog post from Josh Zemel: https://medium.com/daostack/an-explanation-of-daostack-in-fairly-simple-terms-d0e034739c5a

Token use case

DAOstack’s governance templates separate token ownership and voting power into two different currencies. DAOstack generally refers to the first — the fungible, transferable token that is a form of monetary wealth — as simply token, or GEN.

The second — voting power — it refers to as reputation.

Reputation cannot be directly transferred from peer to peer, but rather is distributed by the passing of proposals, or by the adoption of protocols that result in reputation being transferred automatically. For example, there might be a protocol through which reputation is distributed for positively reviewed work. This method is used to prevent rising plutocracy in many of the blockchain projects. About this reader can read more in the blogpost of Vitalik Buterin: https://vitalik.ca/general/2018/03/28/plutocracy.html

GEN serves as the attention token within the DAOstack ecosystem. With GEN, you cannot buy voting power, nor can you vote with it, but you can place a stake for or against a proposal that influences whether or not it rises into the collective attention of the voters, the reputation-holders. If you stake for proposals that the reputation-holders then pass, you’re rewarded with more GEN. If you stake for a proposal that then fails, you lose your GEN. And vice versa if you stake against proposals.

GEN will likely have other utility on the platform too, related to The Archives, for example. Also, GEN will be the primary currency for the buildout of the DAOstack ecosystem itself, with contributors to the platform rewarded in GEN, and even investments into projects that are built on the stack tendered in GEN — according to the collective will of the Genesis DAO.

The Stack is the token that buys the collective attention of the DAOstack network, just as ETH buys the collective attention of computers on the Ethereum blockchain.


Token sale metrics

In terms of funds allocation, 33% ($10 million) will go to development, 67% goes to Genesis DAO, a decentralized fund in which anyone can create proposals, according to its governance protocol. Funds will be transferred to the Genesis DAO by the DAOstack non-profit gradually as it demonstrates stability and security. It intends to use part of its raised funds (collected via its token sale) for investments in projects that would come on top of the DAO stack (as well as in projects which will build and enhance the DAO stack), and accelerate the ecosystem, while also expecting returns on the investments.


The roadmap shows that the project started in January 2017. Alchemy Beta should be released on Q3 2018. On Q4 public pilot and Gnosis DAO public pilot + 5 pilots should be launched. Second Alchemy release is expected on Q1 2019 and the third one on Q3 2019. The roadmap ends for now on Q4 2019 with goals: Off-chain architecture, IPFS & Swarm integration, Delegate voting.

Community and marketing

The DAOstack code is fully open source, backend and frontend, and is found here on Github: https://github.com/daostack.

Their Youtube channel has 231 subscribers: https://www.youtube.com/channel/UCX4GNxoP4GdGQk7pUp0j6JA/videos. They also have their own discussion forum: https://forum.daostack.io/. On Twitter https://twitter.com/daostack there are 3644 followers and the Telegram group has 22835 members https://t.me/daostackcommunity.  The Reddit https://www.reddit.com/r/daostack/ has only 192 readers and Medium https://medium.com/daostack 578 readers.

The disproportion of the community members on Telegram compared to other media like Medium or Reddit (where there is usually more educated discussion) shows that the project is overhyped and that many of the members of Telegram community are probably short-term speculators. But the oversubscribed Telegram could be also caused by a referral program that pays GEN.

XYO Network

Pre-sale: sold 413 345 292 XYO (up to 100% bonus)

Public sale: 20th of March – 20th of May 2018

Whitelist: yes - KYC

Hard Cap: 48,000,000 USD

Total supply: base on the sale, but finite

Token allocation: 39,3%

Token base price: 0,00001 ETH/XYO

Accepted currency: ETH

Company information: San Diego, CA; USA

Underlying platform: Ethereum, ERC20

Ticker: XYO





  • Unique problem solution
  • A backing of an already established company with an active user base
  • Reasonable roadmap



  • Some team members have too much on their plate
  • Only about 40% offered to the public


Team: 3/5

Project: 3/5

Token Metrics: 2/4

Token use case: 3/5

Roadmap: 2/3

Community and marketing: 2/3

Hype: 1/3




The XYO Network has been working towards the concept of enabling developers, such as those writing smart contracts for blockchain platforms, to interact with the physical world as if it were an API.


A trustless, cryptographic location network using a novel formulation reliant on a chain of zero-knowledge proofs to establish a high degree of data certainty on location information. The XYO Network (XY Oracle Network) is an abstraction that enables layered, location verification across many device classes and protocols. At its core sits a set of novel cryptographic mechanisms known as Proof of Origin & Bound Witness that tie together the power of blockchain technology and real-world data collection into a system with direct applications today. XYO is built on the foundation of XY Findables company: “XY strives to make everything in your life "findable". We use various form-factors and technologies to accomplish this, including Bluetooth, Cellular, GPS, and NFC. This is one more "Star Trek" dream that we can now start to accomplish.”  https://www.linkedin.com/company/xy---the-findables-company/




Arie Trouw - Founder & Architect -  A serial entrepreneur with a history of technological breakthroughs and business successes involving multiple 8-figure exit events. He currently serves as Chief Executive Officer, Chief Financial Officer, Chief Operating Officer and Chairman of the Board of Directors. Prior to starting XY - The Findables Company, Arie was CEO and Chairman of Pike Holdings. (later sterkly, LLC).  Received his Bachelor of Science in Computer Science from the New York Institute of Technology. For two years he was a consultant for Verizon.


Interview: https://www.youtube.com/watch?v=5uzJ7ulbD3s


Scott Scheper - Co-founder & Head of Marketing - His career has revolved around technology startups and digital advertising since 2008. Scott launched Greenlamp, a programmatic advertising agency specializing in direct-response media buying. The agency was fully automated; built entirely using algorithms to manage the campaigns.



Christine Sako- Head of Analytics - Worked in upper management for about 4 and a half year. During all that time she was also a musician and a performer. Her major is in Computer Services Support and Technician at the University of Minnesota.



Johnny Kolasinski - Head of Media - Almost fifteen years experience in marketing and media production, from e-commerce to video production to live performing arts. Before being recruited by XY, Johnny coordinated the marketing efforts of the Stanford Arts Institute and Stanford Live, the University’s performing arts organization.



Jordan Trouw - Customer Experience Manager - She is completing her studies as a Visual Arts major at the University of Chicago. She is also a member of the UChicago Careers in Business Program. So far she has not much of a professional experience as she is still as a student.



Maryann Cummings - Client Support Manager - She worked extensively with many of San Diego’s leading web development companies. In addition to having experience in data curation, she also has significant experience in alternative club and concert promotion.



Zefram "3 Bullet" Liu - Blockchain Engineer - Was recognized and gained notoriety at ETHDenver's 2018 Hackathon. Zefram takes computer science courses at the University of San Diego and works on blockchain technology projects at XYO. At the XYO office, he also works with the renowned Ethereum company, ConsenSys. He has created a blockchain project called "Betoken", which is a decentralized crypto hedge fund. Previously he worked on his project GEO - GEO project creates distributed decentralized P2P processing, that will be able to process creation and transferring of any type of assets and values as simply as an email.

Owen Shen - Blockchain Engineer - Also worked on GEO project. He studies Computer Science at the University of California San Diego. In his spare time, he also blogs about rationality over at mindlevelup. -https://mindlevelup.wordpress.com/.




Built on a basis of a company that has a consumer real-world use case network with over one million (1,000,000) Bluetooth and GPS devices in the world.

Most current implementations of smart contracts rely on a single or aggregated set of authoritative oracles to settle the outcome of the contract. However, in many cases, either an appropriate oracle does not exist or the oracle cannot be considered authoritative because of the possibility of error or corruption. Location oracles fall into this category. The divination of the location of a physical world item relies on the reporting, relay, storage, and processing components of the given oracle, all of which introduce error and can be corrupted. Risks include data manipulation, data pollution, data loss, and collusion.


The XYO Network is the world's first oracle protocol that makes it possible for two entities to transact in the real world without a centralized third party.


The XYO Network will be built upon an existing infrastructure of over 1,000,000 devices circulating in the world that were distributed through their consumer-facing business. XY's Bluetooth and GPS devices allow everyday consumers to place physical tracking beacons on the things they want to keep track of (such as keys, luggage, bikes and even pets).


The concept of provable location has been around since the 1960s, and can even be dated back to the 1940s with ground-based radio-navigation systems, such as LORAN. The most critical component we face in location technologies today: designing a system that detects fraudulent signals and disincentivizes the spoofing of

location data. The team proposes that the most significant crypto-location platform

today will be the one that focuses most on proving the origin of physical location signals. In whitepaper there is also reference to the first ever acknowledgment of the solution to this problem through blockchain on Ethereum´s Devcon 2016: Lefteris

Karapetsas project named Sikorka. Proof of Location can be understood as leveraging blockchain's powerful properties, such as time-stamping and decentralization, and combining them with on-chain, location-aware device(s) that are hopefully resistant to spoofing.


Users of XYO are able to issue transactions, called \queries," in order to retrieve a piece of location data on any blockchain platform possessing smart contract functionality.1 Aggregators from the XYO Network then listen to these queries issued to the contract and fetch the answers that have the highest accuracy from a decentralized set of devices that relay cryptographic proofs back up to these



In the case that the same query is asked more than once, more than one answer may be produced since the answer that is produced at a given moment is based on the available heuristic the system can offer at that time. Submitting an answer to the blockchain takes two steps. First, an analysis must be done to determine the Best Answer to a query. If multiple answers are generated by the system, then nodes will compare the answers and always choose the better answer.


The XYO Network is designed to be an abstraction that can interact with any smart contract capable, public blockchain such as Ethereum, Bitcoin + RSK, EOS, NEO, Stellar, Cardano and others. To interact with the XYO Network, users on Ethereum, for instance, can issue queries to our XYO smart contract and pay in XYO Tokens (ERC20).


Given a series of data packets that are signed in sequential pairs with temporary

private keys and include the paired public keys, it can be determined with

absolute certainty that the packets came from the same origin.


Token metrics


The public token sale has a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO. Total issuance is finite and capped at the amount reached after the Token Main Sale. Hard cap is 48 million USD.

Unsold and unallocated tokens will be burned after the token sale event.

39,3% of tokens will be offered in the public sale.

Token use case


XYO Tokens to incentivize the desired behavior of providing accurate, reliable

location heuristics. XYO Tokens can be thought of as a “gas" needed to interface with the real world in order to verify the XY-coordinate of a specified object. A blockchain ledger that has more independent Proof of Origin will hold higher regard, so there is a crypto-economic penalty for a device acting as multiple components.


The XYO Token model incentivizes the miner to not just provide accurate data, but to

also know when to not provide data at all. The end user is rewarded to transact more when network liquidity is low, compared to when network liquidity is high. Thus the ecosystem of the XYO Token has the ability to remain well-balanced, fluid and robust.




MVP will be out on Q2 2018 according to the roadmap. In the second half or 2018 XY will be rolling out the GAMMA Application, which enables various tools and functionality for blockchain developers to begin generating smart contract code to interact with the real world and also XYO Network API that enables smart contract developers to write contracts to interact with XY’s network will be released alongside with the libraries. Another interesting thing on the roadmap for 2018 is the launch of the “XY-Stick” product which enables eCommerce retailers to track every single one of their products in real-time. A very important step in the year 2019 is the Formalization of business partnerships with enterprises and larger entities, which can benefit from a decentralized, trustless location oracle (e.g. logistics systems, supply chain companies, work hour auditoras, eCommerce businesses and countless other niches).




5 people are currently active on their Github: https://github.com/XYOracleNetwork

Their Twitter https://twitter.com/XYOracleNetwork  has almost 3800 followers, on Youtube https://www.youtube.com/channel/UCyZDqb9pgntVHJVt1pxXtsw they have about 1300 subscribers. Their Linkedin https://www.linkedin.com/company/xyonetwork/ has about 500 followers, On Facebook https://www.facebook.com/xyonetwork  they have 4125 followers and on Instagram https://www.instagram.com/xyoraclenetwork/ there are almost 2700 followers. Telegram https://t.me/xyonetwork has about 8200 members and Reddit https://www.reddit.com/r/XYONetwork/ has 77 readers. Bitcointalk thread: https://bitcointalk.org/index.php?topic=3020460.msg31070532#msg31070532





Atonomi provides a security protocol and infrastructure to enable billions of IoT devices to have trusted interoperability for both data and commerce. The key innovation of the Atonomi low-level protocol is to root the identity and reputation of devices on a blockchain-based immutable ledger. Combining on-chain and off-chain resources, and built on Ethereum technology, Atonomi’s architecture is extendible by developers across IoT verticals to secure the vast realm of IoT devices ranging from healthcare and home automation systems to smart-city infrastructure, to industrial sensors and controllers.




Atonomi is being developed by CENTRI Technology, creators of IoTAS – Internet of Things Advanced Security. IoTAS features certificate-less, hardware-based ID to establish trusted devices without the need to exchange and manage certificates. The CODEC provides simultaneous data encryption and compression to protect data while saving bandwidth and storage costs. CENTRI’s core technology is integrated into the Atonomi services stack and includes these 10 patents.


Vaughan Emery - Founder and CEO - He has years of experience in the field. As a Founder and CEO of CENTRI and Managing Partner of ITSource_  - a company that provides managed information technology services to businesses and healthcare organizations throughout Washington State. In the latter, he was involved for more than 15 years. He has also 9 years experience as a business analyst.



David Fragale - Co-Founder and Chief Product Officer - His longest professional experience is from company PwC (more than 12 years) as a Management consultant and Advisor and later as Director and Strategic threat management. PwC helps organizations and individuals create the value they're looking for. They are a network of firms in 157 countries with more than 223,000 people. He is also Founder and CEO of Raven Rock Ventures - a blockchain and cryptocurrency advisory firm dedicated to growing early-stage companies.



Mike Mackey - CTO and VP of Engineering - For 7 and a half year he is a CTO of CENTRI. Also for 7 years, he was working for The Cobalt Group Inc. where he was a Development Manager. He has even more experience with leading teams of developers from working in companies Amdocs and Nuance Communications.



Dr. Luis Paris - Chief Data Scientist - He has the same position in CENTRI for 5 and a half year. Before that, he was an Associate Professor of Computer and Information Sciences at University of Harrisburg for 7 years. His professional profile is also strengthened by working with 6 more companies in a position of software development, architecture, research, and development.



Andrii Zamovsky - Strategic Development Partner - His Linkedin does not mention any connection with Atonomi. But as a Strategic partner of Atonomi the most important of his projects are Ambisafe and Orderbook, of both of which he is the Founder. He is also connected with the Propy Inc. real-estate-on-blockchain project.



Apart from that, they have 6 advisors among which are MIT researcher, CEOs of CipherTrace and Talla, Technical development partner of Ambisafe, Cryptosystems researcher from DarkMatter, and Senior Technical Director at SRI International.




Atonomi is a project that leverages established technology of its parent company, Seattle-based CENTRI Technology. CENTRI is a leader in providing IoT data security solutions, with its technology integrated into IoT solutions produced by multi-billion dollar ecosystem players like Arm, Flex, and Intel, among others. The team claims to already have MVP but not disclosed it yet to the public.


The Atonomi Network is integral to securing the IoT and its real-world applications. For example, homeowners could register smart home devices with the Atonomi Network to validate devices on the premises and help eliminate the risk of hackers accessing personal information. Within industrial IoT, the Atonomi Network can protect against hackers gaining control of the sensors, controllers, and other devices that regulate the operation of essential infrastructure, such as hydroelectric dams and utility grids.


The Atonomi Security Protocol provides the following fundamental contributions to enable interoperability and secure exchange of data and commerce at scale:

  1. The trusted immutable identity of devices through its device identity registration service
  2. Reputation protocol to incent and enable Atonomi and decentralized third-party auditors to build systems to detect and remove bad device actors
  3. The tokenized economy for the registration and activation of devices, and facilitation of a reputation-scoring ecosystem among third-party auditors, and for transaction validation services
  4. Fully extensible architecture designed to be built on top of by vertical IoT applications for security


The Atonomi Network is designed to validate device identity, provide extensible capacity for leveraging device reputation in transactions, and provide protocol hooks for recording arbitrary device transactions.

Devices performing anomalous lookups will have their reputations downgraded and those which continuously display ordinary performance will have their reputations upgraded. The Atonomi Network’s use of the public Ethereum blockchain is intended to ensure the permanence of Atonomi functionality, providing security for IoT devices into the foreseeable future.

The Manufacturer Registry is a smart contract which can only be written to by Atonomi and participants in the consensus network.

Write control to these smart contracts is strictly maintained by whitelists controlled by Atonomi. Read control is maintained by encrypting or salting and hashing data in order to obfuscate the data from arbitrary third parties. The Atonomi Network includes a metadata field in each tuple for extensibility.

The project does address the problem with scalability and that not all transactions will have to be on-chain. But there is still questionable how many transactions per second will be needed for this solution and how many could Ethereum handle in the future.


Token sale metrics


Not disclosed officially at the time of writing this review. But according to ICOdrops the token metrics are as follows:

ICO Token Price: 1 ATMI = 0,05 USD

Fundraising Goal: 25 000 000 USD

Total Tokens: 1 000 000 000

Available for Token Sale: 50%

Token use case


Atonomi token is in compliance with ERC-20 standards, it is a utility token.

The token can link the identity between the device and device owner through a crypto wallet. Atonomi tokens serve as a multi-use token for the internal mechanics of the Atonomi Network. Specifically, when new devices are registered and activated on the Atonomi Network, Atonomi tokens can be used as fees for creating a device’s digital identity through the use of smart contracts. Also, the token enables devices to validate other device identities that are stored on the blockchain. Tokens are designed to be a key component of Atonomi’s Reputation Tracking service by enabling reputation data to be captured, analyzed and scored.

Token use case also adds to the business model of the project and provides the revenue. Atonomi may charge a processing payment of 1% for handling commercial transactions between IoT devices. Nothing is charged for data exchanges. It is anticipated that these transaction fees would be shared between reputation auditors in relation to the auditing services they perform and Atonomi. Tokens can be used to enable device-to-device autonomous transactions. Third-party tokens can also be used. This token-based economy enables devices to securely engage in peer-to-peer autonomous transactions.




At the time of writing this review, there is no roadmap published. The team had a roadmap out before but they took it out from the Whitepaper and claim that they will publish a new updated roadmap soon.

The old roadmap also did not provide any dates and served more as a brief outlook on the project's schedule.


Community, marketing


Their Telegram has 18 725 members, combined with that this project is still in early ICO phase and not making any very strong efforts in marketing it seems to be very hyped. On Twitter, they have 7 725 subscribers. On Facebook, they have a very small audience of 442 followers. Their Linkedin has 176 followers and Reddit 480 readers with active posting. They were covered by more news media, for example, Bloomberg interview: https://www.bloomberg.com/news/audio/2017-12-06/bloomberg-markets-preventing-disruption-of-critical-systems  


Telegram: https://t.me/atonomi_io

Twitter: https://twitter.com/atonomi

Facebook: https://www.facebook.com/atonomi/

Linkedin: https://www.linkedin.com/company/atonomi/

Reddit: https://www.reddit.com/r/Atonomi/


ICO date: Presale - 20 March 2018 12:00:00 UTC - 10 April 2018 11:00:00 UTC

Public crowdsale - 17 April 2018 11:00:00 UTC - 8 May 2018 11:00:00 UTC

Ticker: ELI

Token type: ERC-20

Token price: 0,10 USD

Token allocation: 60 %

Presale: yes, the goal is to collect 16 000 000 USD (15 % bonus)

Country of registry: Slovenia - http://www.bizi.si/ELIGMA-D-O-O/

Supply:  500 000 000 ELI (fixed supply)

Accepted currency: ETH

Soft Cap: 4 000 000 USD

Hard Cap: 24,000,000 USD



Team: 4/5

Product: 4/5

Token use case: 3/5

Token sale: 3/4

Roadmap: 3/3

Community: 2/3

Hype: 2/3


  • Large market to disrupt with predicted strong growth in the future
  • Cooperation with BTC City
  • The first phase of the platform is already being tested, also a beta version of the mobile wallet and the POS system
  • A strong team with proven successful projects in the past
  • 6 strategic partnerships
  • Reasonable hard cap
  • Vesting period of 2 years


  • Whitepaper shows only the idea, not much from the technical side or platform architecture side
  • Crypto payments are enabled on the platform on Q1 2021 according to the roadmap
  • About one year of waiting until there will be the official release of the platform for broad public
  • 11 advisors receive 5% of all tokens
  • Wide range between the soft cap and hard cap
  • No individual caps


A platform for commerce with the goal being to save time that users spend on searching and purchasing products by utilizing artificial intelligence. It will advise users, which item to buy by taking into account item components, quality, price, shipping time and costs as well as other factors.


The project is focusing on several key trends and problems identified in traditional retail as well as online shopping and offer a set of previously impossible or unanticipated solutions to discover, purchase, track and resell items.  Eligma aims to become an AI-driven and blockchain-based platform that acts as a personal commerce agent.


There are about 22 technical developers in total working on the project. The team has solid representation in Sales, design, and marketing. A bit discouraging for investors may be that there are 11 advisors will receive 5% of all tokens.

Dejan Roljič - Founder & CEO - One of his latest successes was ABC Accelerator (which he founded), an accelerator dedicated to high-tech companies from the South and Central Eastern European regions with offices in Ljubljana, Silicon Valley, Munich, Kiev, and Sarajevo. As off today, ABC and Dejan invested in more than 80 startups from around the world. Dejan also co-owns a software development company with 120 employees. He also founded a 3D printing start-up and at the same time began investing in various innovative companies.


Matej Gregorčič - Co-Founder - He founded a marketing agency and took it from selling ideas in a shared office space to becoming one of the biggest event management agencies in Slovenia. Also, he is a CEO and Founder of Viberate - a platform that joins the entire live music ecosystem under one roof. It acts as IMDB for live music, where profiles are ranked according to their online popularity, based on daily updated social media stats, recent content, gig dates, and contacts.


Jože Mermal - Co-Founder - Since 1993 he has been successfully managing the BTC company (http://www.btc.si/en/about-us/) as the President of the Management Board. Based on his initiative, a BTC City-one of the largest business, shopping, entertainment, recreation and cultural centers in Europe was established. Spread over than 400,000 m2 it yearly attracts more than 20 million visitors. Under his management, BTC founded ABC Accelerator, Slovenian Science Foundation and the International management school IEDC Bled.

Alexander Danilov - Chief Technology Officer - More than 10 years of experience in IT and a solid knowledge in building web-services and development processes. He acquired most of his knowledge leading projects related to billing systems, data processing algorithms, user interface and APIs. He has, in particular, knowledge in software architecture design and development of high load services.

Boštjan Mrak - Lead Machine Learning Engineer - Machine learning engineer with a deep learning specialization and software development background. He also built a complete eCommerce system for one of the largest sports nutrition stores in Slovenia and has about 18 years of software development experience.



The platform is reaching into a segment where the volume of sales reached 2.3 trillion U.S. dollars in 2017 and is anticipated to double in the next four years (Statista, 2018). Online shopping is one of the most popular online activities worldwide. In 2016, retail e-commerce sales worldwide amounted to 1.86 trillion U.S. dollars and e-retail revenues are projected to grow to 4.48 trillion U.S. dollars in 2021 (Statista, 2017).

The BigCommerce survey revealed that 67 % of Millenials and 56 % of Gen Xers prefer to search and purchase on e-commerce sites rather than in a store. Both groups spend on average 6 hours shopping online per week. (BigCommerce, January 2018)

Preferences to buy in-store vs. online are different amongst different categories, but with every year the percentage of online sales is growing. The second-hand market has its own specifics but is also growing rapidly. Annual net revenue of eBay, currently the largest used goods marketplace, has grown by 7 % in 2017 and has reached almost 10 billion U.S. dollars.

Discovery will use a deep neural network-based product recommendation engine to find the best deals for products users are looking for. Eligma algorithm will also offer alternative solutions that match the users’ requirements so there will be no need to search for products in thousands of online sources anymore.  A single shopping cart and checkout process will suffice to complete purchases in multiple online stores at once and cryptocurrency payment gateway will enable users paying with cryptocurrencies, even if the online store they are buying from does not support them yet. Eligma will create a blockchain-tracked Digital Item Profile (DIP) for every item purchased through the platform, where users can store several records, including Proofs of Purchase. It will be stored on blockchain protected database - Implementation of a decentralized database that utilizes the InterPlanetary File System and is protected by the Ethereum network and its blockchain (sidechain).

Every DIP will be automatically written into the user’s inventory. In order for the user to have an overview of all the items in his household, he will also be able to manually add elsewhere purchased items. Within the inventory, users will be able to see the AI-predicted current and future item value. Eligma’s household trading agent will notify users when the best time to sell the product and automatically generate and publish listings on selected second-hand online stores 10 with a single click. Eligma will act as a trusted intermediary and ensure fairness of contractual terms or it can be managed by a smart contract.

Eligma will consolidate retailers in an integrated open-loop universal loyalty system and provide a simple and convenient user interface. There will be no need to register with a standalone loyalty program for each merchant and users will be able to redeem acquired ELI tokens with any other network member.

The team will develop a code scanning open source code to be used use within the Eligma mobile app or through the APIs implemented in any third party application. With it, users will be able to scan the barcode (EAN, UPC) or QR code of a product displayed in a physical store. The app will recognize the product using the existing Eligma`s database and provide users the exact description of the product and best ways to purchase the product.

Eligma will be in compliance with General Data Protection Regulation (GDPR) from its inception and user data privacy will be respected according to the required standards.

The project is already collaborating with BTC City which lies in Ljubljana, Slovenia and encompasses more than 10,000 brands, 3,000 companies, 450 stores and 70 bars and restaurants. It annually hosts over 20 million visitors. The first phase of the online platform is already developed and is currently operating in test mode. It already supports payments in some cryptocurrencies (BTC, BCH) and more will follow shortly. The platform is curated by the enterprise start-up BTC City and is enabling users to purchase products, offered by the offline retailers in the BTC City area.

Eligma’s main revenue stream will at first come from an affiliate program that is performance based. While Eligma will serve as a window to all the different online stores and marketplaces by merging them under one roof, the affiliation program will track the sales in stores, to which users will be redirected and Eligma will receive a commission on those purchases. This module is very popular amongst sellers since they benefit in terms of marketing, visibility, site visits and consequently higher sales. It enables additional marketing that is free until the purchase is actually made.

Also, there will be offered different advertising modules according to different posting places, sizes, frequencies, and durations. This feature will be payable with fiat currencies as well as more popular cryptocurrencies. When advertising will be compensated with ELI tokens, users will receive additional advertising rewards.

Token use case

Users will be able to earn loyalty tokens not only by performing certain actions on the platform, but also by making purchases at any other online or offline merchant, included in the program, or by simply buying them on an online exchange. The majority of platform features will be free but some of them could only be unlocked with ELI tokens. With the adoption of cryptocurrencies, ELI tokens will be used for purchases at all merchants involved in the platform´s loyalty program.

The main use case of the tokens could be categorized as:

  • Product hunt - When ordering a product hunt, a certain user’s balance of ELI tokens will be locked. If Eligma discovers a product that fulfills the user’s requirements, tokens will be released to Eligma and returned to the user otherwise.
  • Second-hand listings - Users will have the option to push an item in their inventory to all the second-hand online stores, connected to our platform. Eligma will require users to utilize ELI tokens to perform this service.
  • Escrow fees - When a seller creates a listing and selects Escrow service as a possible feature to complete the sale, he will be required to deposit ELI tokens for the service.
  • Decentralized Item Sale - When a seller and a buyer decide to complete an item sale in a decentralized way, they will have to deposit the amount of ELI tokens, equivalent to the item price, as a motivation to successfully fulfill contract obligations.
  • Advertising - ELI tokens can be utilized for advertisement space on the platform. • Other Eligma solutions ELI tokens will be used for other Eligma’s solutions in both the offline and online worlds. The first such solutions will be the POS systems and the marketplace for our partner company BTC City.
  • Purchasing selected items - Eligma will offer a limited amount of pre-selected items, which users will be able to buy with ELI tokens only.

Merchants will have a merchant account on the platform and with it the opportunity to reward their loyal customers. Few examples:

  • Every purchase is rewarded - When a customer purchases something, the merchant can give away ELI tokens as a “cashback” reward. This option is possible for either online or offline purchases. Merchant’s benefit: Growing sales
  • Backtrack rewarding - As the Eligma system is already gathering information about customers’ purchases,  a merchant will be able to decide he wants to reward everyone, who bought a certain product from him in the past. Merchant’s benefit: Better recognition and positioning, which result in better future sales.  
  • Product rewards - Merchant can announce that every purchase of a product during a time period will result in an ELI token reward for the customers. Merchant’s benefit: Better sales of a specific product he wants to promote or sell out.

Users can use the token as an incentive to be active on the platform:

  • Wishlists resulting in sales - When a created wishlist results in a direct sale, the user who published the wishlist will be rewarded with ELI tokens.  
  • Social media actions - When a social media share or post results in a direct sale, the user who created the post will be rewarded with ELI tokens. Users will be able to withdraw ELI tokens to their private Ethereum wallets or online exchanges and trade with them.

Cryptocurrencies are becoming more and more recognized amongst the wider population and are slowly stepping into the mainstream. According to research, credit cards remained the online shoppers’ preferred payment method worldwide in March 2017 and cryptocurrencies reached 3 %. This percentage is anticipated to increase, since the last research conducted in July and August 2017 in Germany already showed that 11.4 % of participants are expecting to use cryptocurrencies for conducting payments in the future. (Statista, 2017)

Token sale:

Totally a 60% of the whole fixed supply will be sold to the public. Tokens, not distributed in the presale phase, will be transferred to the next phase. Unsold tokens in the crowdsale phase will be transferred to a fund, dedicated to rewarding plans for Eligma platform users. If the equivalent value of all contributions will not reach the soft cap, all contributions will be returned to the contributors’ Ethereum addresses. All tokens will be distributed after the completion of the last phase and will be locked (non-transferable) for a short validation period.

Vesting periods for the tokens:

  • Tokens allocated to the team will have a vesting period of 2 years
  • Tokens allocated to the advisors will have a vesting period of 2 years
  • Tokens allocated to the future partners will have a vesting period of 3 years
  • Tokens allocated to the community and user growth will not have a vesting period.


The roadmap is extensive enough and shows the ambition of the developers and long-term commitment to the project.

First investment in the project was in September 2017 and it was 1.5M EUR. All the funds received in the ICO will be divided into three budgets: Development, Marketing, Scaling. Each will be 8 million USD.

First integrations for real-life testing in retail stores in the BTC City area will begin in March 2018. During this testing phase, there will be careful monitoring of the product and improvement where necessary. This testing phase will end in Q3 2018 and by then the plans are to have at least a 10 % coverage in the area. In April 2018, the launch of the beta version of the online platform-BTC marketplace is taking place, testing the platform through the summer of 2018 and then launch of a national marketing campaign in September 2018. The goal is to have the whole pilot product up and running at the beginning of 2019, with retail stores coverage of at least 30 % in the area. For some reason, the cryptocurrency payments will be enabled on the platform not sooner than Q1 2021.

Community, marketing

The platform was covered in Slovenian, Turkish and international media.

Their Medium blog has 10 readers. The Bitcointalk thread started on 1st March and has an active admin. Youtube channel has about 54 subscribers and three videos. On Linkedin, they are followed by more than 450 people. Telegram is most active of all social media and has a member base of 4800 people. Their Twitter account has 1743 followers. Their Facebook is followed by more than 130 000 people. The disproportion between the Twitter and Facebook follower base may be caused by that Facebook is more preferred social media in the region of Central Europe in comparison to Twitter.

All in all, we can categorize this project as low to mid hype right now. The social media which are most common for speculators in cryptocurrency are Telegram and Twitter. Eligma does not have large follower base on these social media.

Medium: https://medium.com/eligma-blog
Bitcointalk: https://bitcointalk.org/index.php?topic=3043993.0

Youtube: https://www.youtube.com/channel/UCfshAN27bKPe4f3uBIr7jjA

Linkedin: https://www.linkedin.com/company/eligma/

Telegram: https://t.me/eligma

Twitter: https://twitter.com/eligmacom

Facebook: https://www.facebook.com/eligmacom


Review of SOCIFI (GIF)

ICO date: March 26, 2018, till April 27, 2018

Soft Cap: 2,18 million USD

Hard Cap: 26.13 million USD

Token type: ERC20

Total supply: 5 000 000 000

Token base price: 0.00969635 USD

Accepted currency: ETH, BTC, LTC

Company Information: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=296484999



  • Aims to disrupt a large and very potential market
  • Already established strong partnerships
  • Existing user base and proven business model
  • Vesting of the tokens
  • Karel Fillner in the Core team (he is a respected cryptocurrency influencer)
  • Pre-sale has an individual cap of 20 000 USD
  • A strong team with proved achievements
  • The hard cap is reasonably high


  • Almost 12x difference between the soft cap and the hard cap
  • No reputable 3rd party smart contract verification
  • For some investors, the large total supply might be discouraging
  • The vesting period is short (12 months), all tokens will be released the team will deliver the final product (Q4 2019) - although most of the tokens should be used for the development of the platform
  • The technical whitepaper about migration from centralized to the decentralized solution is announced to be released on Q2 2019
  • The project relies strongly on Ethereum sharding solution to be fully released and functional



SOCIFI is a well-established operating Sponsored Data Marketplace provided WiFi connection in over 67 countries. Data can be sponsored by big brands such as Coca-Cola, Pepsi, Fanta, Microsoft, Uber as well as local brands. More than 51 million end-users enjoyed free data thanks to their solution. Users interact with the sponsored content. SOCIFI Ltd. has been established as spinoff of digital agency PositiveZero.co.uk (www.positivezero.co.uk)


Sidney Zdenek Hornych -  CEO - Responsible for strategic company goals.

In 2003 he established a software house called DPG Invent focused on developing ticketing systems for enterprise customers & governmental agencies (clients such as Ministry of Foreign Affairs, Ministry of Regional Development, University of Chemistry and Technology). The company is now fully independent on him.

In 2006, a digital agency PositiveZero.co.uk was established by Sidney in London, UK. PositiveZero.co.uk helped to successfully pass digital challenges for companies such as Microsoft, Heineken, L’Oréal, P&G, GSK, Škoda Auto, WMC Grey, McCann, BBDO and many other large companies.


Tomas Silny - Chief Visionary Officer and Co-founder -  His responsibility in the company is product vision and development. He is a multidisciplinary expert with a blend of experience in user experience/interface design (UX/UI), marketing, project management and software development. He was a creative director for more than 11 years in company PositiveZero.co.uk. Also, he was a jury member of Awwwards.com and worked as Freelance Designer (Art director, Animator).


Karel Fillner - He is the “Czech Bitcoin Jesus”. He has been enlightening the public in the Czech Republic about cryptocurrencies via his popular blog http://btctip.cz/. He also used to be in charge of cointelegraph https://www.cointelegraph.cz/, a Czech version of cointelegraph.com. He gave lectures to wide audiences as well as to experts at conferences. Among many other clients, he also consulted for WBTC https://www.wbtcb.com/. In addition, Karel is a Board Member of Parallel Polis – Institute of CryptoAnarchy. His main role in the SOCIFI project is to support it through its token generation event.

There are 9 core developers working on building this platform.




The more the platform is used the fewer tokens will be circulating in a free market while more tokens will be used as discount vouchers for active publishers thus incentivizing further adoption. The value of the token hence increases with the adoption which in turn drives more adoption.

SOCIFI has tested its Proof of Concepts (PoC’s) on tens of thousands of WiFi networks across the globe. The success of our solution attracted global Venture Capital investors Rockaway Capital (www.rockawaycapital.com) and Keiretsu Forum CEE (www.keiretsuforum.eu). Keiretsu Forum is one of the largest angel networks with more than 50 chapters worldwide. Rockaway Capital is a leading investment company in Europe with offices in Prague, San Francisco, and Sao Paulo. Notable to mention is also that SOCIFI help to protect citizens in the USA since Q4 2015 through CAP (http://www.socifi.com/en-GB/blog/fema-socifi-wifi-emergency-messaging-north-american-government-webinar).

Other partnerships include icomera (www.icomera.com), the world’s leading provider of wireless internet connectivity and application platforms for passenger transport, the strategic partnership with GEMA / Mobility MEA (www.gemamea.com) that introduces SOCIFI's Sponsored Data solution to the Telco's industry, technological partnerships with Cisco Meraki and Xirrus (www.xirrus.com), a Solution Partner of Cisco Systems (www.cisco.com) and development partnership with Tata Communication (www.tatacommunications.com).

Their solution has been used by corporate giants such as Microsoft, Coca-Cola and Uber and others. For a more detailed overview of our cooperation with these companies please see the Achievements section of the WP. (https://drive.google.com/file/d/0B16wHRja8doNNVhWRElYRmxKWkk/view)

The potential of the mobile data market is growing every year as both the usage of mobile data and global digital advertising revenue are rising in tandem.

(whitepaper, page 15)

There are a few competitors in this industry so far with a different approach. But it can be assumed that the competition in this field will be growing in the coming years. Solutions of SOCIFI are not focused on subscribers engagement on daily basis at all. The second key difference is non-existence of an open Marketplace where any approved Sponsor/Advertiser can join and target its audience.
Examples of the competition are:

The Data Perks by AT&T and Aquto (www.aquto.com) and the WowBox by Telenor. (https://play.google.com).

The funds from the ICO will be used in this proportion:


Token use case:

Using blockchain for all the transactions will lower the operational costs, increase the speed of transactions, creates open transparent and fair marketplace, democratizes value distribution and narrow the relationship between advertisers, network providers, and subscribers. The GIF tokens will be the platform’s currency of choice.

GIF represents the value of sponsorship (data/reward gifts) and the tool that advertisers (sponsors) can use to obtain media space and/or SOCIFI products and services, and which will be used to transform the reward to end-users (subscribers) and peer to peer data gifting (one user can send a specific amount of data to another as a gift).


Token metrics:

Token will be allocated by the smart contract: https://github.com/socifi/gif-token.

The security of the contract should be achieved by bug bounty.

61% will be sold in the TGE and 39% will remain with SOCIFI. The goal of the TGE is to raise 26 127 734 USD. Of those 61% tokens, 24.5% will be sold with 35% discount in pre-sale (locking period for those GIF Tokens will be 6 months after the end of the TGE).

The tokens that are allocated to Ops and the foundation will be vested over 12 months after token generation event:

  • 5% of GIF (27,500,000 GIF) = 1 month after the end of the TGE
  • 20% of GIF (110,000,000 GIF) = 6 months after the end of the TGE
  • 30% of GIF (165,000,000 GIF) = 9 months after the end of the TGE
  • 45% of GIF (247,500,000 GIF) = 12 months after the end of the TGE

Tokens for the team will be vested as follows:

  • 30% of GIF (90,000,000 GIF) = 9 months after the end of the TGE
  • 50% of GIF (150,000,000 GIF) =12 months after the end of the TGE

These tokens will be used for Marketplace & Reward Engine, Marketing, Brand Awareness & Market Kickstart and overall operating cost.

GIF Tokens allocated to Pre-sale or Crowd sale, which will not be sold, will be airdropped.



The roadmap is extensive enough and describes the ambition of the project up to Q4 2019 when the  Launch of Decentralized & Open Sourced SES Marketplace running on the smart contract blockchain technology.

Other interesting milestones on the roadmap are:

Q2 2018 - The Private Beta testing with a limited number of users with a cap of 5,000 early adopters

Q3 2018 - Enhancement to user Interface based on initial beta group testing. Launching open beta and public operation. Launching marketing campaign and user acquisition promotion to reach out to as many potential subscribers as possible.

Q4 2018 -  Marketplace scalability, End-users acquisition, Open marketplace to all approved advertisers (sponsors), GIF airdropping start

Q1 2019 - Transaction logging, Completion of GIF wallet to store tokens, Releasing of an example of white-labeled app for WiFi connectivity. Availability for any WiFi provider/publisher.

Q2 2019 - Technical White Paper for the transition from a centralized solution to a decentralized application.

Community, marketing:

Telegram: https://t.me/joinchat/GsR_DUm_PvPNevdthIeCgw about 1050 members

Twitter: https://twitter.com/SOCIFI 8180 followers

Facebook: https://www.facebook.com/SOCIFI/ 19130 subscribers

Youtube: https://www.youtube.com/channel/UCCjFNUfrJzejOSRX7LQCesQ/feed 250 subscribers

Linkedin: https://www.linkedin.com/company/socifi/ 270 followers

Medium: https://medium.com/socifi-gif there are about 2 articles per month on average since November 2017, but they are addressing a variety of subjects like security, bounties, vision of the project, press releases and ICO (TGE) description

The project seems more low profile in the hype rate when we compare the activity on the Telegram compared to Facebook or Twitter. The project should also try to build a SubReddit to try to encourage a more engaged discussion with the community.

Data exchange projects

In this article, we will take a closer look at projects that specializes in data exchange. Data exchange is the process of taking data structured under a source schema and transforming it into data structured under a target schema so that the target data is an accurate representation of the source data. Data exchange allows data to be shared between different computer programs. Projects in this article aim to disrupt mainly consumer data exchange and handling.

1) Pillar project, www.pillarpoject.io



ICO: 15.7-17.7.2017

Raised: 113,674 ETH or $21.21M based on the value of eth at the ICO closing - they sold less than ½ of the hard cap (52.8M at that time)

Type of token: erc20

Source: http://www.the-blockchain.com/2017/07/24/pillar-token-sale-raises-21-million-personal-data-locker/

About: Pillar project focuses on pillar data locker, a multichain wallet that can store all important data, information of users at one spot. That means personal data, blockchain data, login data.

From their wp: “The Pillar wallet is our solution. It will be a consumer product that looks very much like today’s digital wallets, but it is just the very beginning of the personal data locker. We will transform the wallet experience from something you use occasionally to trade currencies to something you use most of the time as you go about your day.”

Roadmap: https://pillarproject.io/wallet/ so far they are still at phase1 (wallet for erc20 tokens)

GDPR compliance: they claim yes (https://pillarproject.io/gdpr/)

  • They want to solve multiple problems within one wallet (tool)
  • Their WP is very vague with very brave claims like “world’s best open-source multi-chain wallet”
  • No real exchanges, low volume for a project of this age
  • No working product yet despite being the oldest of the projects
  • David Siegel as CEO - they portrait him as “blockchain superstar” (taken from their tweet) thus creating a personality cult which is not healthy


2) Datum, www.datum.org

Link to whitepaper

ICO: 29.10.2017-29.11.2017

Raised:$7,265,655 or 15794 ETH (source: https://pbs.twimg.com/media/DP3LV6SU8AAr1WY.jpg:large)

Type of token: erc20

About: “The Datum network allows anyone to store structured data securely in a decentralized way on a smart contract blockchain. The DAT smart token enables optional selling and buying of stored data while enforcing data usage rules as set by the data owner.”  (from their WP)

It is a blockchain based marketplace and data management system that aims to turn data into secure, tradeable commodity. You can store the data and sell it using its marketplace.

Additional info: https://steemit.com/crypto/@dan90/datum-ico-review

GDPR compliance: https://blog.datum.org/what-does-gdpr-mean-for-you-f3ad8f3014f0 (they don’t claim how it will affect datum platform)

  • They have a partial product already https://app.datum.org
  • Live dashboard https://dashboard.datum.org
  • Exchanges (Kucoin, okex, huobi)
  • No analytics - in their roadmap they mention at in the year 2021
  • Unrealistic expectations in wp (“At the 5-year milestone we plan to reach over 300M users in over 45 countries - from WP”)
  • Pseudonymization - they don’t deal with privacy/anonymity issues at all in WP besides having a user permissioned system (user allows who can access his/her data)
  • So far they seem to be selling just emails to other ICO projects


3) Datawallet www.datawallet.com

Link to whitepaper

ICO (public) : 5.2.2017-6.2.2017

Raised: $40M (source: https://medium.com/datawallet-blog/datawallet-closes-40-million-token-sale-e45787694114)

Type of token: erc20

About: “Datawallet is a decentralized data exchange that allows users to put the data they create online into one unified profile, and share it with interested companies in return for the cryptocurrency.” (from their website)

It is a C2B data marketplace. It claims to overcome the “silo problem” which is combining the data from multiple sources. Besides selling the data, users are promised the Datawallet App store, an AI services platform. It should be basically a marketplace for algorithms which should further help with f.e. Personalization services (suggesting right music, etc).

Additional info: https://cryptobriefing.com/datawallet-ico-review-dxt-token-analysis/

GDPR: not mentioned at all

Datawallet UVP: https://medium.com/datawallet-blog/the-datawallet-difference-7927838477d3

  • They have an app already https://app.datawallet.com and claim to have ecosystem ready
  • AI-driven marketplace (Datawallet App store)
  • No exchanges besides IDEX
  • No analytics - but data wallet app store might offset that
  • WP awful and unreadable, no clear business case
  • Pseudonymization - they don’t deal with user anonymity too (if users decide to sell their data)

Datawallet takedown: https://cryptovest.com/reviews/datawallet-ico-needs-to-answer-7-questions-before-they-get-my-money/


4) Pikciochain https://pikciochain.com/en/

ICO: ongoing, so far raised 11561 ETH

Type of token: Neo-ep-5


GDPR: mentioned in WP

About: “Pikcio has been designed to store, secure, verify and certify data while ensuring the data source retains full control of their information at all times. Pikcio lets the user choose how to share their data, who to share it with, while also providing them with the opportunity to be paid for its use.” (from their WP)

Pikciochain consists of 2 services: Pickiome serves to collect user data and Pikciopro lets companies offer or use services based on their customers' data permissions and certification. It also acts as a portal to Pikcio marketplace where data can be bought and sold.

Pikcio claims Pickiome is a safer solution because “each PikcioMe application works as the server for its registered user and, if permission is given, can act as the server for other users. It is this decentralized server infrastructure that puts individuals in control of their data and, because there is no centralized data storage, means that Pikcio is much more secure than alternatives.” (from their WP)


5) Dock.io https://dock.io/

Token Type: erc20

About: Dock.io is a decentralized app that aims to create a personal profile where all the data will be in possession of the user of the app. The main goal of the founders is connecting the internet in an open protocol, allowing users to connect their experiences across the web, transferring data and value from app to app. Also, users, data could not be used against his will for various marketing or social research.

ICO: was in February 2018, they raised their hard cap 20 000 000 USD


GDPR: not mentioned in WP

  • They have already a product to test
  • Partnerships with companies (biggest one has about 12 million users)
  • The roadmap is very short-sighted for now
  • Pseudonymous
  • No analytics
  • More information here


6) Ocean protocol https://oceanprotocol.com/

Token type: Own wallet

About: The Ocean Protocol is an ecosystem composed of data assets and services, where assets are represented by data and algorithms, and services are represented by integration, processing and persistence mechanisms.

ICO: on 7th of March, they intend to raise 22 300 000 USD, but they already raised some money on pre-launch round and seed round.


GDPR: mentioned in WP

  • Building a protocol instead just a Dapp or platform
  • Interesting partnerships
  • No analytics
  • Possibly also not fully anonymous
  • Network launch Q1 2019
  • More information about Ocean Protocol can be found here


7) Biotron www.biotron.io

ICO on 20th of March, they aim to raise 35 000 000 EUR

Token type: During the ITE, BTRN are created as ERC-20 cryptographic tokens on the Ethereum (ETH) protocol. After the ITE and once the Biotron Blockchain is launched, the ERC-20 based BTRN will be replaced by the final proprietary BTRN.


About: “Biotron is building a user-permissioned and revenue sharing data analytics platform. User data is collected, analyzed, and saved in a set of analyses, which are then available for purchase

by interested parties. A smart contract is created ensuring that accrued revenue is distributed among participating users in the purchased analysis, leaving Biotron its commission. We provide the most accurate user analytics to help organizations make timely and correct decisions while benefiting from blockchain transparency.”

Biotron has a different approach to the problem of personal data monetization. Instead of allowing users to sell their data as they wish, it will allow users to have their data added to datasets and will create analytics on top of it and provide that to the customer in form of insights..

GDPR: mentioned in WP

  • Different and unique approach among data marketplace companies
  • Analytics for end business customers - added value
  • Full anonymization - biotron won’t share datasets just insights
  • It will require a huge user acquisition in order to create meaningful insights with value for companies compared to other data marketplace companies which don’t rely that much on user acquisition and can work effectively even with the smaller number of active users
  • More information about Biotron can be found here