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Datawallet ICO Overview
The Datawallet ICO proposes a added cellophane and fair agency of exchanging online abstracts whereby ascendancy is placed aback in the easily of the user. It represents a new way to admission the amount of your claimed online interactions, through the Datawallet App and DXT Token.
As assurance with internet casework like amusing media platforms, chase engines and e-commerce alone deepens, an absurd bulk of abstracts is actuality generated and collected. Data allowance companies monetize this claimed data – added generally than not after the abreast ability of those who are creating the content.
What’s more, the revenues generated by accession and affairs user abstracts are not aggregate with users themselves. With the appearance of blockchain technology, the anticipation of a fairer, added defended and cellophane abstracts ecosystem now exists.
Datawallet ICO Value Proposition
The Datawallet ICO offers a defended abstracts barter belvedere that rewards users for administration their claimed abstracts from anniversary web account that they use. The Datawallet App, already available for download, provides users with a agenda wallet to collaborate with the Datawallet ecosystem. Upon registration, Datawallet users can articulation assorted abstracts sources to this agenda wallet, including amusing media accounts, online arcade purchases and alike offline affairs through a cancellation scanning function. At any time, users can opt-in to allotment their abstracts with companies.
At the centermost of the ecosystem is the Datawallet Abstracts Exchange- a cellophane claimed abstracts marketplace. The Abstracts Exchange allows users to allotment their abstracts anonymously and accumulation in return. The Exchange provides abounding accuracy into who wants to admission their abstracts and for what purpose. All abstracts that is exchanged amid “providers” and “requesters” occurs via encrypted abstracts pipelines.
Users administer which abstracts is fabricated accessible via the Data-Profile Manager, which constructs and maintains the provider’s Abstracts Profile. The Data-Profile Manager enables the provider to appoint with affairs on the Abstracts Exchange Manager in acknowledgment for a reward. Requesters cannot advance the abstracts after the accord of the user. Granting user accord is able via acute encrypted abstracts affairs that crave users to break the abstracts credibility they accede to sell, captivation the resultant abstracts in escrow until the accolade is received.
On the added ancillary of this exchange, parties absorbed in accessing user abstracts collaborate via the Appeal Manager. The Appeal Manager primarily facilitates two actions- it allows for the conception of a new abstracts request, and second, it supports querying the cachet of absolute requests and accessing the consistent abstracts calm from the exchange.
The Datawallet ecosystem additionally includes the Datawallet App Store, an AI casework platform. Users will accept the adeptness to articulation their abstracts to the exchange of algorithms congenital on the Datawallet API for purchasing casework such as alone media concierges (they use the archetype of a music alive account that ability action bigger algorithmically-based music analysis based on the user’s interests beyond media platforms). Through the App Store and API, the Datawallet ICO aims to actualize an arising ecosystem of adult AI-based applications congenital aloft claimed data.
Of course, Datawallet’s audience will acceptable be best absorbed in this brace of sentences, from the website:
That’s a trillion-dollar play. Many accept tried, and none accept succeeded – so far. But eventually, addition will…
The basal ERC-20 badge of the Datawallet ecosystem is Abstracts Barter Badge (DXT). DXT serves as the primary average of barter amid requesters and providers. Users acquire DXT for administration their abstracts with requesters via the Abstracts Exchange. Companies who ambition to admission user abstracts charge acquirement DXT and accolade users for the abstracts they accomplish accessible in accordance with anniversary request. As users accrue DXT, they can use it to acquirement AI casework from the Datawallet App Store.
Datawallet ICO Team
The Datawallet aggregation comprises 13 individuals from the fields of business, abstracts science and blockchain development. A complete account of the aggregation can be begin here. Below are some of the key players:
CEO Serafin Lion Engel has a BSc in Business Administration from the Rotterdam School of Management and is a alum of Draper University’s entrepreneurship program. Serafin has been at the captain of Datawallet for the accomplished three years, admitting his antecedent acquaintance with startups is rather bound according to his Linkedin.
Co-founder and CTO Daniel Hawthorne has led the Datawallet tech aggregation for the accomplished two years. He holds a PhD in Cognitive Science from Stanford University and abutting Datawallet afterwards accepting his PhD.
CMO Wiley Matthews has a continued clue almanac in both business and business leadership. Though listed on the Datawallet website, at the time of publishing his Linkedin does not reflect his amalgamation with the project.
Greg Ellis is the CSO of Datawallet. Greg has a able accomplishments in abstracts analytics, best afresh confined as EVP of Abstracts Integration and Abstracts Analytics at Research Now, a top bazaar analysis firms in the US. His cabal ability of the industry will be capital in devising a acknowledged action for the project.
Kyle Kemper is confined as an adviser for Datawallet. He is an influencer in the crypto amplitude and currently serves as Executive Director of the Blockchain Association of Canada.
Datawallet ICO Strengths and Opportunities
The exchange framework deployed by Datawallet offers several abeyant advantages for abstracts consumers over offchain alternatives. Firstly, bigger affection abstracts is aggregate through advantageous the “silo problem”- the Datawallet combines the datasets from anniversary website (i.e. a abstracts silo) acceptable by the user to assemble a distinct Abstracts Profile.
Second, requesters can anon antecedent custom datasets based on whichever aggregate of abstracts credibility are required, alms a added activating agency of abstracts collation.
Finally, Datawallet affords requesters and providers a way to transact anon with one addition via the exchange, eliminating the costs associated with third-party abstracts brokers.
By creating a added dynamic, cost-reducing belvedere for consumers to admission user information, the Datawallet ICO offers a potentially confusing another to the abstracts allowance market.
In agreement of artefact progress, Datawallet accept already appear an alpha adaptation of their mobile app. The app currently offers acclaim against DXT for users who articulation their accounts to the belvedere or participate in the barometer program. From a advance standpoint, absolution the offchain app afore the ICO adds added acceptance to the project, while additionally incentivizing aboriginal acceptance and therefore, a beyond user base.
Datawallet ICO Weaknesses and Threats
Datawallet will be aggressive with abundant abstracts exchange casework both on- and offchain. Abstracts allowance players like Acxiom advance a ascendant position in the industry, accouterment abounding calibration analysis, curation and monetization of user advice sourced from their partnerships with arch tech companies. Without a well-calculated action for bringing abstracts consumers into the ecosystem, the status-quo is acceptable to persist.
There is additionally abounding antagonism adverse the Datawallet ICO in the crypto amplitude itself, with projects like Datum and Pikciochain ablution agnate platforms. For abstracts marketplaces, a acute appropriate agency relates to the altered allurement systems offered to users for participation. For example, APEX includes the advantage of redeeming tokens for customer products, which could accommodate greater allurement for acceptance by users alfresco the crypto space.
On the Datawallet platform, DXT’s redeemability is bound to AI services. The admeasurement to which users accept Datawallet for the AI casework will depend abundantly on the affection and account of the casework on offer, which at this date charcoal uncertain. Still, this aspect holds abeyant and is a footfall up from abstracts marketplaces with no action for redeeming tokens at all.
The Verdict on Datawallet ICO
The Datawallet ICO offers a way for users to admission the amount of their claimed abstracts accumulated with the affiance of AI-based services. With an alpha app released, the aggregation accept approved they are advanced on development. Still, with a cardinal of onchain competitors and no all-embracing partnerships to date, abolition the abstracts allowance industry will present absolutely a challenge. All things considered, we’ll be agreement a baby bet on the Datawallet ICO.
Learn added about the Datawallet ICO from our Telegram Community by clicking here.
Today’s Date: 1/30/2024
Project Name: Datawallet
Token Symbol: DXT
Website: https://tokensale.datawallet.com/
White Paper: Datawallet Whitepaper
Crowdsale Hard Cap: $40 million
Total Supply: 1,000,000,000
Token Distribution: 33.33% to crowdsale, 16.66% to developer pool, 16.66% for user growth, 33.33% to Datawallet
Price per Token: 1 DXT = $0.18
Maximum Market Cap (at crowdsale price): $180 million
Accepted Payments: ETH, BTC, NEO
Bonus Structure: Presale-
$50K – $100K — 11.11%
$100K – $500K — 16.67%
$500K – $1MM — 22.22%
$1MM – $1.5MM — 27.78%
$1.5MM additional — 33.33%
Presale Terms: Presale Over
Whitelist: https://tokensale.datawallet.com/sale/
Important Dates: Whitelist opens January 31st and Crowdsale begins February 5th
Expected Token Release: TBA
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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.
