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DAOstack ICO Overview
The DAOstack ICO and GEN Token action an operating arrangement for Decentralized Autonomous Organizations (DAOs) which can be acclimated for cases such as accord or babyminding in companies, active decentralized advance funds and managing decentralized curation systems like Wikipedia.
The targets for their technology are those blockchain companies with massive numbers of associates – hundreds of bags to millions of bodies – which they aim to advice through allotment army organization, management, and decision-making.
The arrangement is powered by a abstruse assemblage and agreement for aggregate amount administration on the blockchain, including an Ethereum-based library of acute affairs for babyminding and a JavaScript developer environment.
DAOstack ICO Value Proposition
The operating arrangement for babyminding which DAOstack is creating consists of 4 layers congenital on top of the Ethereum blockchain:
1) The ArcHives: a accessible set of aggregate registries which will acquiesce for interoperability amid DAOs and Dapps congenital on DAOstack
2) Arc: the abject band of the assemblage and acute affairs library accounting in Solidity which allows the conception of babyminding protocols for DAOs (compared to a WordPress for authoritative babyminding by the DAOstack team)
3) Arc.js: the JavaScript frontend interface acceptance developers to calmly body applications and custom interfaces acceptable to their organizations
4) The appliance layer.
To advertise the arrangement and drive adoption, DAOstack has congenital the aboriginal appliance on the assemblage alleged Alchemy. It is a user interface for allotment and ability allocation for decentralized organizations which allows anyone to actualize DAOs, participate in controlling and talent-sharing hubs and alike actualize an organization-specific ERC20 crypto-token if desired.
GEN is the built-in badge of the DAOstack ecosystem and is acclimated for announcement proposals or alluring the absorption of users for a activity aural an organization. Proposals can be additional by staking tokens. If the angle is unsuccessful, tokens are either destroyed or broadcast to voters. Contributors of amount to the arrangement will be adored with tokens which will incentivize development, advance and aboriginal acceptance of the system.
Example use-cases accommodate Sapien application DAOstack to body a amusing account network, while Menlo is architecture a belvedere for decentralized allotment of blockchain projects. Cultu.re is planning to use DAOstack for its common peer-to-peer character and affairs system.
The DAOstack Architecture (source: whitepaper)
DAOstack ICO Team
Matan Field (CEO): Matan has a PhD in Theoretical and Mathematical Physics from the Weizmann Institute of Science, area he conducted analysis on able cord theories and holographic duality. Since accepting his PhD in 2012, he has specialized in decentralized babyminding and additionally launched La’Zooz, a collaborative busline arrangement and after Backfeed, an aboriginal adaptation of DAOstack.
Adam Levi (CTO): Adam is a Blockchain technologist with a PhD in Physics from the Technion area he was researching breakthrough furnishings in atramentous holes. He is a above alarm architect in the Israel Defence Forces and was a teaching abettor at the Technion, Israel’s accomplished ranked abstruse university, until March 2017.
Josh Zemel (Communication and Marketing): Josh advised and accomplished above advance initiatives for Equifax, Blue Cross Blue Shield, and Toyota as above VP at IMM, a agenda agency, which he was active in growing from its adolescence to a aggregation of 100 people. He is the architect of four assisting companies.
Roberto Klein (Legal and Finance): Roberto holds an M.Sc in Engineering and an MBA from the International Institute for Management Development. He was VP for Products and Business Development at Biological Signal Processing afore acceptable a full-time broker and administrator with a focus on blockchain authoritative issues, accumulated finance, IPOs, and startup financing.
Jordan Greenhall (Advisor): Co-founder and above CEO at DivX (NASDAQ: DIVX). Above SVP Strategy at MP3.com (NASDAQ: MPPP)
Yoni Assia (Advisor): Founder and CEO of eToro.com. Board Member of Meitav Dash.
Martin Köppelmann (Advisor): Co-founder and CEO of Gnosis
Additional advice on the blow of the aggregation can be begin on the DAOstack website.
DAOstack ICO Strengths and Opportunities
DAOstack holds absorbing affairs for architecture decentralized organizations. If decentralization of technology, ability and babyminding is a amount amount hypothesis of Blockchain technology, again the arrangement needs basement on which babyminding can booty abode in a trustless, cellophane and able way. DAOstack represents a abeyant band-aid for this problem. If this happened to be the case, the sky’s the absolute for DAOstack.
One able aspect of the DAOstack ICO is the avant-garde date of artefact development the aggregation accept already reached. The capital arrangement pillars, such as Arc, are operational (as approved by the activity of Alchemy, the aboriginal Dapp congenital aloft the system).
The GitHub is in an admirable accompaniment and the aggregation is aboveboard both in agreement of their abstruse and bookish accreditation but additionally stands out in agreement of admiration and accuracy – a absolutely absolute archetype for conduct in the Blockchain space.
It is additionally a absolute indicator that partnerships are already in abode with a ambit of blockchain projects such as Endor, Gnosis, Sapiens and Menlo, alike admitting no accustomed enterprises or above bazaar players are yet amid them.
DAOstack ICO Weaknesses and Threats
One above backbone of the DAOstack ICO – namely, its ambit – could additionally prove to be the project’s Achilles heel. We accept little clue almanac for acknowledged decentralized babyminding on a added calibration anywhere in the apple (Wikipedia and Bitcoin appear to mind).
To drive acceptance for DAOstack, the aggregation will charge to win over above players both aural and above the blockchain space. But whether decentralized babyminding will absolutely both action and curl charcoal a absolutely accessible question.
Are advisers of currently centralized companies accommodating to embrace a decentralized babyminding model? Will the centralized tokenomics incentivize users to do the appropriate affair for the organization? At this aboriginal stage, we artlessly don’t yet know.
The antecedent partnerships with the brand of Endor or Gnosis are not acceptable to argue us otherwise. That the amount founders Matan and Adam do not accept a acknowledged history of architecture companies and that CEO Matan ahead bootless with Backfeed, a agnate activity to DAOstack, does not advice to annihilate our doubts either.
The added capital accident apropos the role of the token. There’s little agnosticism token-based bread-and-butter incentivization makes faculty as allotment of DAO infrastructure, but whether users will acclimate to the system, pale tokens and potentially lose them as a aftereffect of bootless babyminding proposals, is a above accessible question.
Certain applied questions additionally abide – for example, it’s cryptic whether an alignment that wants to use DAOstack would accept to access and administer tokens amid its associates for the arrangement to work. Realistically, and not unexpectedly, after cogent balloon and error, it is absurd to adumbrate how the amount of the arrangement badge could advance and if users would accept acceptable allurement to authority it in the aboriginal place, abnormally if assertive organizations adjudge to opt for their own versions of the system.
The Verdict on DAOstack
The DAOstack ICO is a able and actual agitative activity with a aboveboard aggregation who’ve accomplished an absorbing date of artefact development. However, in our assessment, we charge analyze amid the amount hypothesis DAOstack holds for organizations and the amount hypothesis for abeyant investors.
Potential investors after any ambition of active a DAO who acquirement the badge are action on the success of a awful beginning and ambiguous anatomy of organization.
We are agog to watch DAOstack advance as a artefact and babyminding tool, but will canyon for now on the DAOstack ICO.
Learn added about the DAOstack ICO from our Telegram Community by clicking here.
DAOSTACK ICO REVIEW SCORES
SUMMARY
The DAOstack ICO (GEN Token) aims to actualize an basement on top of which developers can body decentralized solutions such as accumulated governance, massively-scaled ability systems, accord accoutrement and so on. While the aggregation has bright and absorbing acquaintance (and sometimes, startup founders do bigger with a bootless activity abaft them), and while we accept to accord them immense acclaim for their advance on the technology and the need, there is about actual little to prove the bread-and-butter model. It depends too abundant on antecedent for us to participate in the ICO at this time.
Founding Team……………………….7.6
Product…………………………………..8.5
Token Utility…………………………..5.5
Market…………………………………..3.6
Competition…………………………..7.4
Timing……………………………………7.6
Progress To Date……………………2.8
Community Support & Hype…..7.2
Price & Token Distribution……..6.4
Communication……………………..9.1
FINAL SCORE……………………….6.5
UPSIDES
DOWNSIDES
Today’s Date: 4/24/18
Project Name: DAOstack
Token Symbol: GEN
Website: https://daostack.io/
White Paper: DAOstack White Paper
Crowdsale Hard Cap: $30 million
Total Supply: 100,000,000
Token Distribution: 40% to crowdsale, 40% to Genesis DAO (a decentralized association armamentarium to abutment ecosystem), 10% for the aggregation and advisers, 10% aloof for approaching contributors
Price per Token: $1 (estimate by the aggregation added advice here)
Fully-diluted Market Cap (at crowdsale price): $75 million
Accepted Payments: ETH
Countries Excluded: US
Bonus Structure: 10% benefit for the presale
Presale Terms: Minimum addition is at atomic $100,000
Whitelist: Register at https://daostack.io/whitelist
Important Dates: Presale: 4am GMT on May 1st, 2024 (will abide accessible for 48 hours) Main badge auction begins 4am GMT on May 8th and will abide accessible until either the hardcap is accomplished or 30 canicule accept passed.
Expected Badge Release: Tokens will be broadcast anon afterwards the badge sale
Additional Information: https://t.me/daostackcommunity
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
