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Omnitude ICO Overview
The Omnitude ICO and ECOM Token connects blockchain technologies to absolute eCommerce platforms and action systems. Interoperability amid networks of disparate software systems and blockchain is a acute appeal in the tech world. Most action software solutions abide in disparate advice verticals.
Businesses like eCommerce sites can arrange Omnitude after replacing their accepted systems to actualize a added able and cellophane abstracts ecosystem. As an accessible antecedent project, app developers can arrange solutions congenital on Omnitude at will.
Omnitude ICO Value Proposition
Omnitude is congenital about a alternation of connectors and Standard APIs that shuttle abstracts amid altered software platforms and blockchains. As the activity is implementing an open-source API, developers are chargeless to arrange the artefact at any point area greater connectivity and abstracts breeze will account their enterprise.
Utilizing Omnitude, anyone can advance integrations and abstracts flows as an app or script. While the ERP use cases are in approach limitless, Omnitude’s antecedent ambition is the eCommerce sector.
Omnitude is advised to annihilate abounding of the accepted issues in the eCommerce market, such as chump onboarding by alone merchants, accumulation alternation inefficiencies and artifice on the allotment of both barter and sellers. These innovations will be able primarily through the addition of the Omnitude Identity and Omnitude Accumulation Alternation solutions.
Omnitude’s Single Identity, Single Reputation and Proof-of-Interaction mechanisms are advised to advice merchants minimalize character theft, which is the best accepted blazon of eCommerce fraud. Omnitude can additionally advice abate merchant artifice via a arrangement of staged acquittal releases accidental on the area of anniversary amalgamation aural the accumulation chain.
The Accumulation Alternation band-aid will acquiesce alone items or shipments tagged with identifiers to be tracked as they move forth the accumulation alternation at every stage- from raw abstracts to the accomplished artefact and final sale. Anniversary area will be recorded to the ledger. From anniversary node, acute affairs will almanac this advance and absolution payments to shippers or suppliers. Retailers or barter can use the proposed Omnitude Tracker App to admission advice from anniversary point in the accumulation chain, accouterment advice on absolutely what point an account may accept been lost.
The ECOM badge (ERC20) will be launched with Omnitude on the Omnilayer platform. Merchants, barter and suppliers use ECOM to participate in the Omnitude ecosystem. The primary functions of the badge aural the ecosystem are categorical below:
A adjustment of adjustment amid parties to admission ecosystem resource.
An allurement for ecosystem participants to accomplish and defended the ecosystem.
Diagram of Omnitude Deployment Example for eCommerce
Omnitude ICO Team
Chris Painter is the Founder and CEO of Omnitude. He served for 9 years as Managing Director of Pixel by Pixel, a web architecture and development bureau that he was active in scaling. The aggregation primarily focuses on carrying solutions to eCommerce platforms.
Robert Belgrave is a Founder and Advisor of Omnitude. He is best accepted as the Founder and CEO of billow casework aggregation Wirehive. He served as an Advisor for Dadi and has captivated the position of Lead Solution Architect in abundant antecedent ventures.
Ben Bennet serves as Operations Director. Ben is the Founder and Director of two accepted businesses besides Omnitude. He has been Sales Director of six altered companies in the amount of 13 years. His all-encompassing accomplishments in sales will be acute for casting the Omnitude activity to action clients.
On the advising end, Blockchain influencer Simon Cocking is accouterment his support. He has brash projects such as Friendz and Medichain.
A complete account of the aggregation and admiral can be begin here.
Omnitude ICO Strengths and Opportunities
Omnitude are targeting a absolute charge in the bazaar area use of blockchain technology makes applied sense. Blockchain appliance for eCommerce could accommodated a deluge of demands aural the industry, that developers themselves are starting to point out. As CEO Chris Painter is decidedly accomplished in the eCommerce industry, his ability of the inefficiencies and acute credibility of deployment will be an asset in the development and acceptance of the belvedere for this accurate use case.
The Omnitude ICO should address to the appeal for connectivity amid verticals and advice silos that currently present a huge barrier to ability and actualize accidental costs. A acute affairs point of Omnitude is that affiliation amid disparate action software systems can be able after switching to new software.
These two factors could access the affairs for adoption. Connecting abstracted abstracts silos is acute for the amount and ability of any business; in theory, Omnitude could alike be scaled by developers to set business rules for an absolute eCommerce belvedere by accession and allegory abstracts from every point in the ecosystem.
Omnitude ICO Weaknesses and Threats
Omnitude is conspicuously missing partnerships with action clients. In our communications with CEO Chris Painter, he adumbrated that this is one advanced he and the aggregation are currently absorption on. For any product, partnerships with companies that are accommodating to pilot the artefact accommodate a huge bulk of credence. Particularly in the case of an action band-aid like Omnitude, a affiliation would decidedly access the all-embracing affairs of the project.
The common bazaar appraisal of action ability planning solutions is set to abound to $84 billion by 2020. Large tech firms are angled on capturing that bazaar with their own blockchain technology; SAP are already aerodynamics blockchain-based ERP systems and IBM/Maersk accept formed a affiliation to apparatus a blockchain accumulation alternation administration platform.
Where does this leave players like Omnitude that are activity afterwards the aforementioned market? Focusing on a cardinal access point, such as eCommerce, is one absolute agency that will be acute for success. The advantage of seamless interoperability and absolute deployment achievability is addition factor, which at this date in the game, sets Omnitude afar from added players.
Those aspects charge be strategically leveraged if Omnitude is to accept any adventitious at capturing a allotment of the market. Two missing indicators that would accord us added aplomb on the antagonism advanced are partnerships and artefact development. Without a affirmation of the MVP, the artefact charcoal abstract at this stage.
The Verdict on Omnitude ICO
The Omnitude ICO offers an avant-garde abstraction to abode above inefficiencies in action arrangement administration which are accomplished for blockchain implementation. Yet at this point in the game, after seeing an MVP or acknowledging accounted partnerships, we are larboard to await on the aggregation and abstraction back authoritative our decision.
OMNITUDE ICO REVIEW SCORES
SUMMARY
The Omnitude ICO has absolutely the appropriate idea: to affix the dots amid blockchains and absolute software, after banishment e-Commerce providers to carelessness bequest platforms. It’s a admirable arrangement and their access is both atypical and, we believe, logical. But until we see a Minimum Viable Product and some key partnerships, we accept to be alert about absolutely all-embracing their ICO.
Founding Team……………………….8.4
Product…………………………………..4.5
Token Utility…………………………..8.7
Market…………………………………..7.6
Competition…………………………..2.8
Timing……………………………………9.7
Progress To Date……………………2.2
Community Support & Hype…..7.8
Price & Token Distribution……..8.1
Communication………………………10
FINAL SCORE……………………….72
UPSIDES
DOWNSIDES
Today’s Date: 2/22/18 CT
Project Name: Omnitude
Token Symbol: ECOM
Website: https://omnitude.tech
White Paper: Omnitude Whitepaper
Crowdsale Hard Cap: $24 actor
Total Supply: 100,000,000
Token Distribution: 50% to crowdsale, 33% to Omnitude Foundation, 12% to aggregation and advisors, 5% to pre-sale investors
Price per Token: 1 ECOM = $0.46 USD
Maximum Market Cap (at crowdsale price): $48 actor USD
Accepted Payments: ETH
Bonus Structure: n/a
Presale Terms: Closed
Whitelist: https://tokensale.omnitude.tech/register
Important Dates: Main auction starts March 28th
Expected Token Release: TBA
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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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.
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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.
