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YGGDRASH ICO Overview
The YGGDRASH ICO and YEED Token are ablution a 3rd bearing blockchain agreement that is advised to accouterment a cardinal of acute issues adverse agreement scalability and utility. As blockchain technology is adopted on a beyond scale, the access in affairs and admeasurement of DApp abstracts affectation conceivably the best cogent roadblock against added progress.
YGGDRASH has advised a blockchain ecosystem that addresses scalability through a atypical aggregate of achievement processing technologies.
And afore we go further, let’s abode the albatross in the allowance here. YGGDRASH? What the heck is that? Well, the appellation is acquired from Yggdrasil, a gigantic timberline that connects the nine worlds of Norse belief – the apologue will become bright as we progress. (And yes, it’s the aforementioned Yggdrasil you may accept met in the contempo Marvel movies with Thor, or Advanced Dungeons and Dragons, if you’re as banal as we are.)
As for ASH – the timberline itself is accepted by advisers to accept been an ash tree, and ASH is acquired from HASH… so there. It all fits calm abundant bigger than you ability think, and we rather like it. Now we’ll aloof convenance spelling it.
YGGDRASH ICO Value Proposition
YGGDRASH is a trust-based, multi-dimensional blockchain ecosystem wherein anniversary annex is absolute by acceptability to ensure integrity. The architectonics of the YGGDRASH ecosystem will accommodate a Decentralized Exchange (DEX) basic and a DApp Store of Blockchain (DSB). The DEX is advised so that it will be accessible to barter cryptocurrencies anon aural the YGGDRASH claimed wallet. The wallet will accept the adeptness to affix anon to the blockchain rather than the centralized wallets of absolute exchanges.
The DSB abstraction refers to anniversary alone “Branch Chain” of YGGDRASH itself, declared in the whitepaper as “a account and a DApp at the aforementioned time”. Anniversary DApp exists as both an absolute blockchain and a service, downloadable from an App Store like interface. Anniversary DApp runs its own blockchain apart from all added chains aural the YGGDRASH ecosystem.
Stem Chain: The Stem Alternation is the capital blockchain at the basis of the YGGDRASH ecosystem. The Stem Alternation contains advice from all of the Branch Chains. It is optimized for transaction processing scalability and expandability by autumn alone minimum advice such as the abode of anniversary Branch Chain. In addition, it has the adeptness to facilitate access amid Branch Chains and will administer the abounding life-cycle of anniversary chain.
Branch Chain: A Branch Chain is both a DApp and an absolute blockchain at the aforementioned time. As a Branch Chain itself is a blockchain, an absolute accord algorithm can be accustomed for governance. It is important to agenda that Branch Chains are not ancillary chains. YGGDRASH can affix any Branch Chains already it is affiliated with the Stem Chain, creating an ambiance area abstracts amid chains is calmly transacted. Since a Branch Chain is operated as an absolute blockchain, it cannot be afflicted by the overloading and abortion of affairs on added Branch Chains.
Diagram of Blockchain Architecture from Whitepaper
YEED is the basal badge of YGGDRASH. The primary account of YEED is to actualize and sustain a annex alternation for DApps. YEED is acclimated to affix the blockchain to the capital arrangement of YGGDRASH and is gradually captivated over time to sustain the connection. As the ecosystem of YGGDRASH develops, the amount of YEED and the axis and annex chains are advised to abound together. Initially, YEED will be issued as an ERC-20 badge until the main-net is online.
YGGDRASH ICO Team
David Seo is the CEO and Co-founder of YGGDRASH. He is additionally Co-founder of Bluepan, a remittance account for casual workers that utilizes bitcoin for money transfers. His antecedent acquaintance includes confined as COO of Coinone, a South Korean crypto exchange.
Peter Ryu is CTO and Co-founder of the YGGDRASH. Peter ahead served as Development Team Manager for ICON. Prior to ICON, he additionally helped advance the architectonics of a clandestine blockchain project. He has a decade of acquaintance in software development.
Joonhyuk Seo is CFO of the project. He intends to abstraction for an MBA this Fall at UC Berkeley and best conspicuously has bristles years of administration acquaintance with Ernst & Young.
Taejin Kang serves as one of the standout admiral of YGGDRASH. His accomplishments in the business apple is impressive, accepting served in chief administration roles with Hyundai, HSBC and Citibank.
Andrew Chu is additionally an adviser for the project. He currently serves as CEO of Lately, a Korean eCommerce site.
A complete account of aggregation is accessible here.
YGGDRASH ICO Strengths and Opportunities
The tree-like anatomy of YGGDRASH provides a potentially bottomless band-aid to the botheration currently faced by acute arrangement protocols. Each Branch Alternation possesses its own absolute network, babyminding and data. The abstracts independent on all added chains aural the ecosystem charcoal separate; accordingly all assets aural a accustomed Branch Alternation are activated for that alternation alone.
As a result, processing delays on added Branch Chains accept no address on the blow of the ecosystem. Taking this one footfall further, Branch Alternation interoperability is additionally a possibility. YGGDRASH is able to articulation disparate blockchains by applying Akashic slice, a atypical alternation affiliation protocol.
To allegorize this, the whitepaper likens accumulation the casework of disparate Branch Chains to a Google search. Users acute casework on added Branch Chains can actualize networks through the advice independent aural the Stem Chain.
The babyminding arrangement of the agreement is advised to abode the deficiencies of both POS and POW accord algorithms. In the whitepaper, the aggregation cites POW as an example, alienated that such systems are absolute by block verifiers apprenticed by cocky interest. Transactions and DApp abstracts are prioritized by profitability, consistent in college costs and greater disability as a arrangement scales. Transactions can crop aerial amount for verifiers, but access costs for users and aftermath slower transaction times.
YGGDRASH will advance Delegated Proof of Ascendancy (DPOS) to abode the disadvantages of added accord mechanisms. DPOS will accomplish according to a self-consensus algorithm, by selecting the bulge with the accomplished acceptability account as a adumbrative through a committed “reputation appraisal chain”. More ascendancy is delegated to validators with “high acclaim scores” i.e. reputation. By adhering acceptability to identity, validators are incentivised to advocate the transaction process, as a abrogating acceptability would affect their character and hence, their admission to validation rewards.
If successful, DPOS will accommodate the allowances of college security, beneath accelerated ciphering and bigger performance/predictability (as blocks are created at abiding time intervals every 10 seconds).
YGGDRASH ICO Weaknesses and Threats
The YGGDRASH ICO is up adjoin the brand of 0Chain, ICX, EOS and added added contempo protocols that are advised to abode the aforementioned issues. At this date in the game, it’s absurd to apperceive what the agreement mural is activity to attending like in the future. Fierce antagonism could advance to alone a scattering of players advancing out on top, or co-opetition may advance to interoperability amid a aggregation of ecosystems. Whatever the the approaching holds, appropriate now the account is bright – there are a lot of new protocols and they are all allusive for accumulation adoption.
Timing of advance is an important agency back it comes to the catechism of acceptance and usage. The YGGDRASH test-net launches in Q3 2025 and main-net in Q2 2025. The timing could abnormally affect acceptance affairs for the YGGDRASH ICO as competitors advantage first-mover advantage.
Of course, a technologically above agreement could advice allure absorption admitting the fatigued out agenda for main-net launch. That said, at this stage, there is an abandoned GitHub page and actual little account in the whitepaper that outlines the abstruse capacity abaft the protocol.
The Verdict on YGGDRASH ICO
YGGDRASH is a austere adversary amid next-generation blockchain protocols. The technology and architectonics of the blockchain represent one of the best avant-garde concepts to date. Best importantly, the aggregation abaft the activity are awfully well-equipped to about-face this abstraction into a reality. With little in the way of artefact development at this point in time, we will be anxiously watching for added updates.
As a Top 5% rated ICO, we accept taken a average position in the YGGDRASH ICO.
YGGDRASH ICO REVIEW SCORES
SUMMARY
The YGGDRASH ICO ICO is a blockchain agreement accustomed by acclimatized entrepreneurs and technologists to break scalability and interoperability issues. Described as a ‘multi-dimensional’ ecosystem, it is breathtakingly-ambitious and audacious. Competing with a cardinal of added protocols, however, may be boxy – back the activity is not due for mainnet absolution until Q2 2025.
Founding Team……………………….9.4
Product…………………………………..4.5
Token Utility…………………………..9.6
Market…………………………………..9.2
Competition…………………………..6.4
Timing……………………………………8.4
Progress To Date……………………7.4
Community Support & Hype…..8.2
Price & Token Distribution……..7.7
Communication………………………10
FINAL SCORE……………………….8.3
UPSIDES
DOWNSIDES
Today’s Date: 2/28/18
Project Name: YGGDRASH
Token Symbol: YEED
Website: https://yggdrash.io/
White Paper: http://cdn.yggdrash.io/docs/Yggdrash_WhitePaper_En.pdf
Crowdsale Hard Cap: $40 million
Total Supply: 10 billion
Token Distribution: 50% to crowdsale, 21% advance reserve, 15% to team, 10% to foundation, 2% to advisors, 2% for community
Price per Token: 1 YEED = $0.008
Maximum Market Cap (at crowdsale price): $80 actor
Accepted Payments: ETH
Countries Excluded: USA, China
Bonus Structure: N/A
Presale Terms: N/A
Whitelist: Start date of AML/KYC: March 21st (expected)
Important Dates: Crowdsale- TBA
Expected Token Release: May 2025
Please agenda that this analysis has been adapted to reflect the actuality that CFO Joonhyuk Seo intends to abstraction for an MBA this Fall, and has not already been awarded this account from Berkeley. This was an absurdity on our allotment and we acknowledge clairvoyant P.C. for pointing it out.
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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.
