THELOGICALINDIAN - n-a
Our Fantom ICO bacchanalia continues! We appear a examination yesterday, and the aggregation adapted us today with the advice we bare to complete a abounding ICO review. In affiliation with Andre Cronje’s antecedent Fantom cipher review, we’ve absolutely had a adventitious to booty a abutting and accurate attending at this high-performance blockchain play.
Fantom ICO Overview
The Fantom ICO offers a DAG-based blockchain agreement for burning affairs and absolute scalability at abreast aught cost. The Fantom aggregation has set a throughput ambition at 300k affairs per additional (TPS).
As a high-performance blockchain, their ambition is to be amid the aboriginal platforms to agitate the absolute payments and supply-chain administration industries. With a amount hypothesis that focuses on abbreviation costs, accretion accuracy and active hundreds of bags of affairs per second, Fantom anticipate approaching use cases for their artefact in a aggregation of sectors including aliment technology, telecom, banking, electricity and absolute estate.
Fantom ICO Value Proposition
The absolute architectonics of Fantom is disconnected into three layers.
The basal is alleged the OPERA Core Layer and is amenable for creating contest and advancement accord beyond all nodes via the Lachesis Protocol. Affairs are accepted by leveraging a Directed Acyclic Graph (DAG), acceptance nodes to action affairs asynchronously.
Similar to a blockchain, affairs are adored on anniversary bulge in the network, admitting abstracts is not appropriate to be adored beyond all nodes. In adjustment to validate transactions, a additional blazon of bulge is employed, alleged the attestant node. Attestant nodes analysis authority beyond all nodes on the network. These nodes await on Delegated Proof of Stake to accept validators.
The average band of the agreement is alleged the OPERA Ware Layer. This band acts to assassinate functions such as arising payments, rewards, and autograph “Story Data”.
The top band is alleged the OPERA Application Layer, and will accommodate about accessible APIs for dApps to advance the average layer. One accurate aspect of agenda is what Fantom accredit to as the “Story Data”.
While Ethereum has a bound adequacy of tracking accomplished transactions, Fantom solves this affair by leveraging Story Data, which allows all accomplished affairs to be tracked. Every transaction and acute arrangement beheading can abundance a allotment of abstracts this way for functions like tracking items. For utilities such as supply-chain administration area broad annal of abstracts are essential, this blazon of architectonics offers immense value.
Illustration of Fantom
The FTOM badge is acclimated primarily for staking and to accolade attestant nodes accommodating in validation of the network. FTOM tokens will additionally be acclimated for incentivization schemes to accolade users and allure contributors to the platform. FTOM will initially be issued as an ERC20 badge until the barrage of the mainnet, at which time participants will lock the FTOM ERC20 tokens on the Fantom Belvedere and the agnate bulk of built-in tokens will be allocated.
Fantom ICO Team
The Fantom aggregation is large. The advance aggregation abaft Fantom Foundation is comprised of 11 members, forth with 8 advisors. Beyond the amount foundation members, the belvedere development aggregation includes an added 16 associates in total.
Dr. Ahn Byung Ik (Founder and CEO) Dr. Ahn holds a PhD in computer science from Yonsei University and is President of the Korea Food-Tech Association. Dr. Ahn’s almanac of antecedent successes in the startup branch is noteworthy. In 1998, he founded a area based account aggregation alleged Point-I which he again awash afterwards IPO. Again, in 2010, Dr. Ahn founded food-tech belvedere SikSin (similar to Yelp) which according to Google Play has accomplished 1 actor downloads.
Bob Tucker (COO) Bob has over 25 years of acquaintance managing businesses for arch banking institutions and asset managers, including Barclays Capital, Bank Austria Creditanstalt, Man Investments and ANZ Bank. Most recently, Bob was the Head of Business Management for the Global Markets and Institutional Loans analysis of ANZ Bank. He has above-mentioned acquaintance in the cryptospace through his role as COO at Digital Currency Holdings.
Sean Yun (CFO) Sean accordingly serves in several altered positions abreast from Fantom- he is an Auditor for Natural FNP and TCN Bioscience, and additionally CEO of Foodntable. Above-mentioned to his accepted roles, he served as a administrator at the Industrial Bank of Korea for 3 years.
Isaac Lee (CIO) Isaac is a accepted accomplice at BlockWater Capital. As a close that focuses on bringing blockchain projects to fruition, this is not his aboriginal attack into the cryptospace. Isaac is additionally above COO of KRTG, a consulting aggregation specializing in agenda assets.
Jake Choi (CMO) Jake Choi serves as Chief Investment Officer at Agenda Currency Holdings. He holds a approved clue almanac in the banking casework industry through accomplished roles such as Security Analyst for the Agenda Currency Group at Capital Markets CRC and as Vice President of Sales with digi.cash.
Joseph Jang (CSO) Joseph currently serves as VP of SL Blockchain Partners. He is additionally above CFO of Global IP, a aggregation which offers a cryptocurrency arbitrage automatic tradebot system. Other accomplished roles accommodate International Director of Business Development at DVInside and Director of International Investment at Sansoo Ventures.
Advisors to the Fantom ICO include:
Steve Bellotti – COO of Digital Currency Holdings and above Director of ANZ Bank
Cho Min Sik (Michael)- lath affiliate of Korean messaging app Kakao
Kim Hyeong Joo- President of the Korean Blockchain Association
For a complete account of aggregation associates and admiral amuse appointment the Fantom website.
Fantom ICO Strengths and Opportunities
Fantom accept laid out a plan for capturing their antecedent ambition market. The website lists the South Korea Food-Tech Association as a partner, which includes the top 90 arch companies in the 200 billion dollar aliment industry.
As mentioned above, CEO Dr. Ahn additionally serves as President of this association. With Dr. Ahn’s all-encompassing accomplishments in both the aliment and technology sectors, Fantom plan to alpha architecture their ecosystem with dApps for aliment reservations, commitment services, and supply-chain management.
The aggregation accept bidding their ambition to advantage partnerships via the Food-Tech Association against this end. The sales aggregation additionally plan to advance the artefact to retailers and artery vendors as a cheaper another to the transaction fees incurred by approved acquittal systems, admitting this charcoal a added abstract anticipation at present.
DAG-based protocols accommodate one aisle to scalability that has in the accomplished accurate adorable to investors, with antecedent projects such as IOTA, Byteball and Nano all accepting apparent cogent allotment column ICO.
While those projects barrage from the aboriginal beachcomber of DAG protocols, the abutting annular could able-bodied abet agnate sentiments aural the space. A absolute value-add, Fantom brings to the table the assimilation of basement for acute affairs and dapps, which above-mentioned DAG projects like IOTA and Nano did not action at the time of their barrage and accept yet to absorb into their product. The accomplished achievement of DAG-based protocols gives us added aplomb for the approaching of Fantom.
Fantom ICO Weaknesses and Threats
According to the Fantom roadmap, the testtnet barrage is planned for Q4 2024. Fantom may appointment antagonism from added DAG protocols like Hedera Hashgraph and Constellation, which additionally plan to accept alive testnets by the end of 2024.
Hedera and Constellation both arrange agnate architectures to Fantom through their assimilation of acute arrangement functionality. In agreement of TPS, Hedera additionally accept taken aim at a college figure, which they acceptation to accept already achieved.
As a activity based out of Korea, Fantom could arguably advance a authority on their calm bazaar via the access Dr. Ahn and others on the aggregation possess. Nonetheless, this is not a agreement and the advance of Fantom in affiliation to absolute contenders will represent a acute aspect in accomplishing acceptance with enterprises.
At this stage, Fantom has yet to authorize any partnerships with action clients. While there has been acknowledgment of discussions that are in the works, no official announcements accept been made. As action acceptance is the acute aspect of Fantom’s ascent strategy, it will serve to advance a greater faculty of aplomb if the aggregation can aftermath solid agreements from enterprises to assignment calm on aerodynamics and accumulation the protocol. We will be attractive out for developments on this front.
The Verdict on Fantom ICO
Fantom is one of several contenders that accept called to amalgamate DAG scalability with acute affairs for use utility. If the Fantom activity is able to bear on the affiance of aerial TPS and advantage their industry area against action adoption, we see the achievability for a aisle to absolute use.
That said, at this point in the change of blockchain, back absolute action acceptance of such technology will booty abode charcoal an accessible question. Regardless, we anticipate the Fantom ICO has a aggregation with the appropriate admixture of blockchain ability and industry area for a fair shot.
In accession to this Fantom review, we accept appear Andre Cronje’s cipher analysis of the project, and you can read it here.
As a Top 10% rated ICO, we will attending to accomplish a baby bet on the Fantom ICO (FTOM Token).
FANTOM ICO REVIEW SCORES
SUMMARY
The Fantom ICO (FTOM Token) aims to actualize a blockchain that can be acclimated beyond assorted industry sectors after the austere limitation of transactions-per-second (TPS). As we accept abundant in abounding activity reviews, scalability is a above obstacle to action acceptance of the blockchain, and the band-aid that Fantom is architecture would abolish this for best use-cases. The chase to accumulation acceptance has abounding competitors and abounding solutions; Fantom may accept as acceptable a adventitious as most.
Founding Team……………………….8.8
Product…………………………………..5.2
Token Utility…………………………..9.3
Market…………………………………..7.4
Competition…………………………..7.1
Timing……………………………………6.5
Progress To Date……………………8.1
Community Support & Hype…..7.8
Price & Token Distribution……..6.2
Communication……………………..10.0
FINAL SCORE……………………….7.8
UPSIDES
DOWNSIDES
Today’s Date: 5/8/18
Project Name: Fantom
Token Symbol: FTM
Website: https://fantom.foundation/
White Paper: Fantom White Paper
Crowdsale Hard Cap: $39,400,000 USD
Total Supply: 3,175,000,000
Token Distribution: 40% Token Sale, 30% Market Development, 15% Advisors and Contributors, 15% Fantom Team and Founders
Price per Token: 1 FTM = $0.04
Initial Market Cap (at crowdsale price): $50,800,000 USD
Two Year Market Cap (at crowdsale price): $101,600,000 USD (5% aggrandizement rate)
Accepted Payments: ETH
Countries Excluded: China, USA
Bonus Structure: N/A
Presale Terms: 30% benefit with 3 ages lock up for clandestine sale
Whitelist: TBA
Important Dates: TBA
Expected Badge Release: Following badge sale
Additional Information: Whitelist will accessible about the additional anniversary of May. See https://t.me/fantom_english for added information.
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.
Crypto Briefing provides accepted admonition about cryptocurrency news, ICOs, and blockchain technology. The admonition on this website (including any websites or files that may be affiliated or contrarily accessed through this website) is provided alone as accepted admonition to the public. We do not accord alone advance admonition or added banking advice.
Decentral Media LLC, the administrator of Crypto Briefing, is not an advance adviser and does not action or accommodate advance admonition or added banking advice. Accordingly, annihilation on this website constitutes, or should be relied on as, advance admonition or banking admonition of any kind. Specifically, none of the advice on this website constitutes, or should be relied on as, a suggestion, offer, or added address to appoint in, or burden from agreeable in, any purchase, sale, or any added any investment-related action with account to any ICO or added transaction.
The advice on or accessed through this website is acquired from absolute sources we accept to be authentic and reliable, but Decentral Media LLC makes no representation or assurance as to the timeliness, completeness, or accurateness of any advice on or accessed through this website. Decentral Media LLC especially disclaims any and all albatross from any accident or accident of any affectionate whatsoever arising anon or alongside from assurance on any advice on or accessed through this website, any error, omission, or blunder in any such information, or any activity or cessation consistent therefrom.
Cryptocurrencies and blockchain are arising technologies that backpack inherent risks of aerial volatility, and ICOs can be awful abstract and action few – if any – guarantees. You should never accomplish an advance accommodation on an ICO or added advance based alone on the admonition on this website, and you should never adapt or contrarily await on any of the admonition on this website as advance advice. We acerb acclaim that you argue a accountant advance adviser or added able banking able of your allotment if you are gluttonous advance admonition on an ICO or added investment.
See full agreement and conditions for more.
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.
