2018 Q4 Hot ICO Rating Report / 2018年四季度热门ICO评级报告

2018年10月3日 15:26
來源:Singularity Financial Research 奇點財經 www.sfgroup.hk

According to ICOData.io, since July 2018, the ICO market has cooled down considerably, and ICO financing has hit record lows. Total ICO financing in September 2018 was only US$112 million.

据ICOdata.io数据,7月以来一级市场持续降温,ICO融资额屡创新低,截至目前,9月份ICO融资总额仅为1.12亿美元。

Although the primary market is not strong, Singularity Financial Research believes that teams that still launch ICO projects in this market downturn possess strong self-confidence. We have taken into account a large pool of research data from different ICO tracking websites and have performed project analysis on recent pre-sales and ongoing pipelines. Our research has revealed some interesting ICOs with good potential and relatively low valuations. The  ICO rating research report below is for reference only and does not constitute investment advice.

虽然一级市场预冷,但奇點財經研究团队认为,在寒冬之中仍坚持进行ICO的团队都对自身应颇具信心。 在对目前市场上现有的多个ICO跟踪网址的数据进行了分析调查,也有针对性的对近期区块链预售和发行中的项目做了一定的分析了解后, 发现市场上目前不乏有潜力低估值的公司,蕴藏了一定的投资机会。为此,我们决定对目前市场上一些可期待的热门ICO进行调研评级,以飨读者,本报告仅供参考,不构成投资建议。

 

Rating System 评级体系

The Singularity Financial Research evaluates the ICO projects in four areas:

奇點財經研究团队从以下四个方面对项目进行评级:

A. Market Analysis: Investigate whether the project solves the market pain point; whether it is competitive with similar projects, and whether it is necessary to use blockchain technology.

市场分析:考察该项目是否解决市场痛点,与同类项目相比有无竞争力,是否有必要使用区块链技术。

B. Team Analysis: Investigate whether the team information is complete and credible, and whether the team members and advisors have relevant industry background and capabilities.

团队分析:考察该团队信息是否完整可信,团队成员、顾问成员有无相关行业背景与能力。

C. Technical Analysis: Investigate whether the project possesses technological innovation, overcomes technical implementation difficulties and creates development progress.

技术分析:考察该项目是否实现技术创新,技术实现难易程度以及开发进度。

D. Earning Model and Valuation Analysis: Investigate whether the project has a clear earning model, whether it can fulfill effective demand for tokens, and whether the current valuation is reasonable.

盈利模式与估值分析:考察该项目是否有清晰盈利模式,能否实现对代币的有效需求,目前估值是否合理。

In the above four categories, an excellence rating is scored at 4-5 points, average rating at 2-3 points, and a poor rating is scored at 1 point or lower.

以上四大方面,优秀为4-5分,一般为2-3分,较差为1分.

 

Project Rating 项目评级

Utilizing our screening and rating system, we narrowed down our list of global deal pipeline to 8 projects. We adopted a comprehensive and objective mindset to analyze these projects and gave out a score for each category. We also took into consideration the projects’ popularity and community responses to reach a decision for our final candidates.

根据我们的评级系统和研究范围,我们在全球内寻找到了8个项目。我们采取积极主动的角色,尽可能全面,中立地分析这些项目,并根据每个类别给出一个分数。我们还考虑了项目的受欢迎程度和社区对最终候选项目的反应。

 

1. Qiibbe 14/20

Websitehttps://static.qiibee.com/qiibee-White-Paper.pdf

Project SummaryQiibee is revolutionizing the loyalty industry with the latest technological innovations. By bringing loyalty programs to the blockchain, Qiibee helps brands and retailers reduce inefficiencies while offering customers real-life value in exchange for their points.

项目简介:Qiibee通过最新的技术创新,正在彻底改变会员卡行业。 通过将会员忠诚度计划引入区块链,它可以帮助品牌商和零售商降低效率低下的会员卡制度,帮助客户提供真实的价值以换取积分。

Project Analysis 项目分析

a. Market Analysis 市场分析: 4/5

In the current market landscape, brand loyalty relies heavily on the implementation of  points system, but the current points system offers poor liquidity, low returns, and low participation. After transferring the point system  to the blockchain, merchants can increase market returns, expand sales, and users can collect points by using the system across different regions and brands, thereby increasing the overall brand value.

当前品牌建立忠诚度依靠积分体系,不过现行积分体系流动性差、回报低、参与热情不高,将会员积分体系转移至区块链上后,商家可以提高积分市场回报率,扩大销售,用户能够实现积分跨地区、跨品牌使用,提高了整体价值。

b. Team Analysis 团队分析: 3/5

The team comprises  19 fairly young members, with strong education background. Although the team lacks industry influence and technical abilities, the project has already received contributions from many institutions, which will also help with customer acquisition.

团队拥有19名成员,具有年轻化、高学历的特点,不过在行业影响力及技术能力上略有不足,不过项目已经得到了众多机构的投资,这也会带来一定的客户渠道。

c. Technical Analysis 技术分析: 3/5

From technical perspective, the project is easy to realize, but the code on GitHub is not active and has not been updated regularly. The project team claims there will be two private source code locations to be released soon.

该项目技术难度较低,不过GitHub上代码活跃度较低,并未更新过版本。对此项目方称还有两个私人代码库将于后续开放。

d. Earning Model and Valuation Analysis 盈利模式与估值分析: 4/5

The token demand of the project is mainly from brand purchase. Brand partners issue their own points after purchasing certain QBX tokens. While brand points are pegged to QBX, QBX exchange rate is floating. The project has secured partnerships with famous German cocktail restaurant, Sausalitos, and Swiss coffee producer, Lattesso. Two brand partners have subscribed to a large number of QBX tokens, and QBX will partner with 8 other brand owners in the future. With the increase in partnerships, the demand for QBX will increase accordingly.

该项目的代币需求主要来自品牌购买,品牌购买一定QBX后发行自己的积分,QBX汇率浮动,品牌积分与QBX汇率固定,目前已经确定与德国知名鸡尾酒餐厅Sausalitos与瑞士咖啡生产商Lattesso合作,这两个项目方已经认购了大量的QBX代币,未来还将与8家品牌商合作,随着合作方的增加,对于QBX的需求也会相应增加,代币增值逻辑较为明确。

 

2. SuperNode Community (SNC) 17/20

Websitehttps://snct.io/

Project SummarySuperNode Community (SNC) is a decentralized venture capital ecosystem. It is powered by a congress of 21 SuperNodes to bring blockchain unicorns to life. SNC’s vision is to democratize venture capital by building a decentralized, collaborative, and efficient ecosystem for the startup community. The project aims to be the first stop and gateway for every blockchain startup to access funding.

项目概要:SNC是一个分散的风险投资平台。 SNC的愿景是通过为创业社区构建分散,协作和高效的生态系统来实现风险资本的民主化。 该项目旨在成为每个区块链初创公司获得资金的第一站和门户。

 Project Analysis 项目分析

a. Market Analysis 市场分析:4/5

The problems with traditional fund management are lack of transparency, high cost and poor liquidity. The use of blockchain technology to build a decentralized ecosystem can increase the transparency of management processes, reduce costs, provide abundant liquidity, and lower the threshold for participation. In this way, the project teams, retail  participants, and institutions are truly bound into a community of shared interests. Retail participants can access and contribute to high-quality projects at institutional discounts. Meanwhile, project founders can access incubation funding and obtain a variety of services provided by the community. Institutional fund managers can also make decisions more effectively through crowd-wisdom from the joint decision-making of the 21 SuperNodes.

传统基金管理公司不透明、高成本、流动性差等问题亟待解决,使用区块链技术搭建去中心化生态,可以使管理流程透明度增高、成本降低、并提供丰富的流动性,降低参与门槛。借此把项目方、散户、机构真正绑定成为了利益共同体,散户可以接触到优质项目,并为项目贡献力量,项目方可以方便融资,并获得社区提供的多种服务,机构投资人也可以更有效的进行决策。

b. Team Analysis 团队分析: 4/5

The team comprises an all-star team of fintech and consulting elites. The project’s Founder is a graduate of the Harvard MBA program and has 19 years of professional investment experience gained from global investment platforms. The other team members are also from top institutions such as Goldman Sachs, CLSA, HSBC, Microsoft, Google, Accenture, and Deloitte. The team has an excellent blockchain incubation track record, good risk control, and has made substantial progress in  technological development. The team also has a strong influence in the industry. However, partnership information and institutional investor information have not been disclosed as yet.

该项目CEO是哈佛商学院的MBA毕业生, 拥有16年的国际投资平台的专业投资经验,其他团队成员也来自汇丰银行、微软、谷歌、德勤等顶尖机构,拥有足够多的区块链投资、风控、技术,在行业中拥有足够强的影响力。不过目前并未披露合作伙伴信息、机构投资人信息。

c. Technical Analysis 技术分析: 4/5

The innovation of this project is a unique service model based on the DPoS consensus mechanism in which SNC Token holders can stake their tokens to vote for 21 SuperNodes who will represent them in conducting project due diligence and vettings. This incubation methodology leverages on crowd wisdom while tapping into the expertise of multiple domain experts rather than relying on the wisdom of a single expert. On top of that, SNC Token holders qualify for tiered membership and actively participate in the vetted projects through syndicated pools and the services marketplace. SNC will be initially implemented on the EOS blockchain and is a light-protocol DAO, making the SNC ecosystem agnostic to the underlying blockchain infrastructureThere are already proven solutions in this aspect, and the technical implementation is not difficult.

该项目的创新是基于DPoS治理模型的独特服务模型,其中SNC代币持有者(SNCT)可以使用其代币投票支持21个超级节点,这些超级节点将代表他们进行项目尽职调查和审查。这种孵化方法利用了众多智慧,同时利用多领域专家的专业知识,而不是依靠单一专家的智慧。最重要的是,SNC Token持有者有资格获得分层会员资格,并积极参与后期跟投和服务商市场等增值环节。 SNC最初将在EOS区块链上实施,并且是一种轻型协议DAO,使SNC生态系统与底层区块链基础设施无关。在这方面已经有成熟的解决方案,技术实施并不困难。

d. Earning Model and Valuation Analysis 盈利模式与估值分析: 5/5

The design of the token economy is excellent. Lay participants, institutional fund managers, and blockchain project teams all have sufficient economic incentive to participate. A variety of use cases helps generate buying demand. In addition, the project ICO softcap is US$10 million, and its hardcap is US$50 million;  compared with  traditional venture capital fund, the valuation is not high, especially considering 85% of the funds raised will be used for project incubation, and the use is relatively reasonable.

代币生态设计优异,散户、机构投资者、项目方都具有合理的持仓逻辑,多种应用场景会催生买入需求,具备升值潜力。如果基金会所投项目取得良好回报,代币的价值将会得到更大提升。此外,该项目ICO软顶1000万美元,硬顶5000万美元,与传统的风投基金相比,估值并不高。筹集资金的85%用于项目孵化,用途较为合理。

 

3. Cloudbric 15/20

Websitehttps://www.cloudbric.io/

Project SummaryCloudbric’s universal security platform will be powered by an innovative artificial intelligence based deep learning module. This technology will enable users to contribute towards the advanced learning and cyber attack detection capabilities of the very technology that powers their online data protection. More specifically, by utilizing Cloudbric security solutions, users will have the opportunity to feed attack data back into the overall Cloudbric deep learning system for more accurate security intelligence. Users will also be compensated with complimentary CLB tokens for their deep learning advancement contributions through the Cloudbric Security Rewards Program.

项目简介:Cloudbric通用安全平台采用基于创新人工智能的深度学习模块。 该技术将使用户能够为其在线数据保护提供强大技术的高级学习和网络攻击检测功能做出贡献。 更具体地说,通过利用Cloudbric安全解决方案,用户将有机会将攻击数据反馈到整个Cloudbric深度学习系统,以获得更准确的安全情报。 用户还将通过Cloudbric安全奖励计划获得免费CLB代币补偿,以获得安全奖励。

Project Analysis 项目分析

a. Market Analysis 市场分析:2/5

There is generally a lack of effective security programs in the market with frequent cyberattack incidents on the Internet. . However, this project white paper does not fully explain how the decentralized system (decentralized security platform, decentralized database) can and will transform the cyber security industry. At present, the combination of using blockchain and its token economy is only to motivate users to use its services, provide data, and in return, the project provides security services for the cryptocurrency market. The necessity of using blockchain technology is worth rethinking.

互联网上攻击者众多,安全事故频发,缺乏有效的安防方案。但项目白皮书中并没有完整阐释去中心化的系统(去中心化的安全平台、去中心化的资料库)会如何变革安防行业。目前白皮书阐述的与区块链的结合点仅为以通证经济激励用户使用服务、提供数据,以及为加密货币市场提供安全服务等,区块链的必要性值得再次思考

b. Team Analysis 团队分析:5/5

The team has a strong professional background and technical strength. As a joint venture of Penta Security Systems Inc. (PSI), Korea’s largest network and data security provider, Cloudbric is operating for two years with a track record of working in the security industry for over 20 years with several award-winning products and has provided their expertise in the Asia Pacific region for a long period of time. Seokwoo Lee, CEO of PSI., and Jae-Woo Lee, a member of the Lab Advisory Board, recently joined Cloudbric as a consultant.

团队具有足够强的专业背景与技术实力。作为韩国第一大网络和数据安全供应商——Penta Security Systems Inc. (PSI)的内部合资企业,PSI已经在安全领域工作了20多年,拥有多个获奖产品,并在亚太地区提供了他们的专业知识。PSI的首席执行官Seokwoo Lee和 Lab Advisory Board委员会成员Jae-Woo Lee,最近也加入了Cloudbric并作为该公司的顾问。

c. Technical Analysis技术分析:4/5

Through Cloudbric’s security platform, carrying out the incentive mechanism based on its token economy and its IPFS-based database should  not be very difficult to implement. The white paper outlines a very detailed development roadmap, giving confidence to execution follow through.

通用安全平台、基于代币经济的激励机制、基于IPFS的数据库实现难度并不高,白皮书中也写明了详细发展路线图,落地可以期待。

d. Earning Model and Valuation Analysis 盈利模式与估值分析:4/5

Tokens are used in two aspects. One is to obtain service through a certain amount of token lockup for ordinary users; the other is that institutional users can enjoy discounts when using tokens. The earning model is relatively clear. Cloudbric is considered a reversed ICO after operating for two years and its sales and users have grown considerably. Currently, there are about 10,000 users and over 50 established partnerships and alliances around the world. In addition, the overall ICO quota is only 10000 ETH. The valuation is quite reasonable.

代币应用于两个方面,一是普通用户锁仓一定数额可以获得服务,二是机构用户付费时使用代币可以享受折扣,场景大致清晰。Cloudbric 运营两年,销售和用户量都有可观增长,目前用户约为一万人,与全球50家销售联盟建立了合作伙伴关系,有一定的盈利模式,此外,整体的ICO额度仅为10000ETH,估值较为合理。

 

4. Caspian 17/20

Websitehttps://caspian.tech/

Project SummaryCaspian is a complete asset management solution that covers the lifecycle of the trade. It includes a fully developed OEMS, PMS, and RMS. It provides a single interface into all major crypto exchanges, a complete suite of sophisticated trading algorithms, real-time and historical P&L and exposure tracking and professional customer service.

项目简介:Caspian是一个完整的资产管理解决方案,涵盖了交易的生命周期。 它包括完全开发的OEMS,PMS和RMS。 它为所有主要的加密交换提供单一界面,一套完整的复杂交易算法,实时和历史损益和曝光跟踪以及专业客户服务。

 Project Analysis 项目分析

a. Market Analysis 市场分析: 4/5

In recent years, the number of cryptocurrency funds has gradually increased, and the fund needs to manage liquidity through multiple trading platforms. It is necessary to integrate a service platform for all exchanges. At present, Caspian has established partnerships with almost all mainstream platforms such as Biance and Bitfinex, and accounts can be opened on all major platforms. However, the true test will be Caspian’s ability to attract enough funds to trade on the platform. There are already many competitors offering similar services in the market, and the competition is going to be fierce.

近年来,加密货币基金数量逐步上升,基金需要通过多个交易平台进行流动性管理,一款整合所有交易所的服务平台很有必要。在目前,Caspian已经与Biance、Bitfinex等几乎所有的主流平台建立了合作伙伴关系,一个账户即可打通所有主流平台。不过,能否吸引到足够多的基金于Caspian上进行交易是重中之重,市场上已有多家提供类似服务的竞争对手,竞争较为激烈。

b. Team Analysis 团队分析: 5/5

The founding team is mainly from Tora and Kenetic Capital. Tora is a trading platform for stocks and derivatives. 17% of organizations in Japan use this platform and have opened connectivity to 150 exchanges. The average monthly transaction volume is large. Kenetic Capital offers a complete blockchain service solution and has served several well-known blockchain projects. The team has a strong background and industry influence.

创始团队主要来自Tora与Kenetic,Tora是提供股票与衍生品的交易平台,日本17%的机构使用此平台,已打通150家交易所,月均交易额巨大。Kenetic提供区块链的全套解决方案,曾为多个知名区块链项目提供服务。团队具有足够强的背景与行业影响力。

c. Technical Analysis 技术分析 5/5

Tora itself provides integrated solutions for securities and derivatives exchanges, and the technology is relatively mature. The team also has a rich blockchain background, and the technical implementation is not difficult.

Tora本身就提供证券及衍生品交易所的整合方案,技术已经较为成熟。团队也有丰富的区块链背景,技术实现难度低。

d. Earning Model and Valuation Analysis 盈利模式与估值分析 3/5

The project token CSP is a utility tokens. In addition to the platform discount, it can also be used for third-party applications. The top 15 holders of tokens can participate in platform governance. The ICO hard cap is USD$19.5 million. It is worth noting that the demand for tokens and token utility flow is not high, so valuations remain uncertain.

项目代币CSP为实用币,除了可以享受平台折扣外,还可以用于第三方应用,持有代币数量前15名可以参与平台治理。ICO硬顶为1950万美元,值得注意的是,对于代币的刚性需求并不高,因此估值有一定的不确定性。

 

5. Stop Fake Food (SFF) 16/20

Websitehttps://www.stopfakefood.com/

Project SummaryStop Fake Food(SFF) is on a mission to solve the problems plaguing the food industry and to protect consumers from its negative effects. SFF takes on a completely new approach to tackle food crime and creates a solution that combines the newest scientific achievements and technical innovations in Raman spectroscopy, artificial intelligence and blockchain. By utilizing the SFF solution, users are able to non-invasively analyse questionable food products and quickly receive reliable results on their safety, authenticity, quality and composition. The entire process is significantly faster, has lower costs and is easier to implement compared to any of the current solutions in the market.

项目简介:停止使用伪劣食品,保护消费者免是困扰食品行业的一个大问题。 SFF采取全新的方法来应对食品犯罪,并创建了一个解决方案,结合了最新的科学成就和拉曼光谱,人工智能和区块链的技术创新。通过使用SFF解决方案,用户能够非侵入性地分析有问题的食品 并快速获得有关其安全性,真实性,质量和成分的可靠结果。 整个过程透明,低成本,并且比任何当前实践都更容易实施。

 Project Analysis 项目分析

a. Market Analysis 市场分析: 5/5

Food safety is a serious threat to human health. SFF uses a number of emerging technologies to ensure food safety: Scanning food status using Raman spectroscopy; big data analysis using AI/machine learning techniques; blockchain technology providing incentives to build a complete ecosystem and to record the results. There are no similar competitors in the current market yet. If the project can be successfully implemented, the prospects are limitless.

食物造假问题严重威胁着人体健康,SFF利用多项新兴科技为食物安全保驾护航,通过Raman spectroscopy扫描食物状态、AI与机器学习技术分析扫描结果、区块链技术提供激励建立完整生态,并记录所得数据。在目前市场上还未有类似的竞争对手,一旦落地成功,前景不可限量。

b. Team Analysis 团队分析: 3/5

The founding team is comprehensive. The CEO has more than ten years of work experience in the food technology field. The rest of the team members also have commensurate industry background and influence. The research team on Raman spectroscopy and AI/machine learning technology is comprehensive, however the team does not feature any strong blockchain technology experts.

创始团队信息完整,CEO在食物科技领域有着十余年的工作经验,其余团队成员也有相称的行业背景与影响力。虽然官方对拉曼光谱技术与AI与机器学习技术研究深入,不过官网中列举的团队成员并没有出现区块链技术专家。

c. Technical Analysis 技术分析: 4/5

The project uses combination of Raman spectroscopy, AI/machine learning, and blockchain technologies. The Raman spectroscopy has matured, but the application of Raman spectroscopy technology on food analysis is still in the early stages of development. The team has recruited a number of technical experts to carry out such a research. The maturity of the AI model requires extensive data accumulation over time. The analytical technique will become more accurate when big data can be enhanced.

该项目使用Raman spectroscopy技术、AI与机器学习技术、区块链技术。其中Raman spectroscopy技术已经趋于成熟,但将Raman spectroscopy技术应用于食物分析还属于早期阶段,团队已招募多位技术专家对此展开研究,AI模型的成熟需要数据的积累,相信随着数据的累计,该分析技术会越来越精确。

d. Earning Model and Valuation Analysis 盈利模式与估值分析: 4/5

The token utility for this project has two main purposes – one is for internal payment within the ecosystem, and the other is for participants who need to lock in a certain token rate. In addition, the income earned by the project participants will be partially allocated to the token holders. Considering that the project has the potential to become a unicorn in the industry, the profit model is very strong, making the token an attractive investment.

代币主要拥有两项用途,一是用于生态内付费,二是生态参与方需锁仓一定代币,这两项提供了一定的刚性需求。除此之外,项目参与者取得的收入也会部分分配给代币持有人。考虑到项目有成为行业独角兽的潜力,盈利模式很强,使得代币具有较强投资价值。

 

6. Varanida 13/20

Websitehttps://www.varanida.com/

Project SummaryVaranida is a decentralized and transparent advertising solution, designed to rid the Internet of poorly designed and intrusive advertising. Varanida benefits all three stakeholders: Advertisers who need promotion, but are willing to respect users’ privacy and experience, while avoiding fraud; publishers who want to monetize their content without hurting their audience and earn more from ads display; and users who want to control what advertising they are exposed to, and how their private data is used. Varanida acts as an enabler and a neutral party in the advertising and content marketplace, while taking less than 1% in commission.

项目简介:Varanida是一个分散且透明的广告解决方案,旨在清理互联网上设计不佳和侵入性的广告。 Varanida使所有三个利益相关者受益:广告商需要晋升,但愿意尊重用户的隐私和经验,同时避免欺诈。 想要在不损害受众群体的情况下通过其内容获利的发布商,并通过展示的广告获得更多收益。 想要控制他们所接触的广告以及他们的私人数据如何被使用的用户。 Varanida在广告和内容市场中扮演着推动者和中立角色的角色,佣金不到1%。

Project Analysis 项目分析

a. Market Analysis 市场分析:3/5

The project states that in 2017, the global digital advertising industry invested more than $228 billion, most of which was created by Internet users and the media, but the creators only received a small portion of the revenue.  Their information is also  collected and used by advertisers without their consent. Using a decentralized, transparent advertising system based on blockchain can help solve such a problem. However, the project faces competition from similar projects such as BAT and DATA. It will be good if Varanida can describe the project’s competitive edge when compared to similar projects in the market.

2017 年,全球数字广告投入超过2280 亿美元,其中的大部分价值是互联网用户和媒体创造的,但他们只获得其中的少部分收入,却面临信息被收集、不停被广告骚扰的困扰,因此基于区块链的去中心、透明的广告系统很有必要。但该项目面临着BAT、DATA等同类项目的竞争,却并没有于白皮书中阐述与同类项目相比的独特优势。

b. Team Analysis 团队分析: 3/5

The founding team comes from Doz.com, an online marketing promotion platform. The team has experience in the advertising industry and has rich experience in blockchain. However, the team members do not have much working experience with major well-known, top players, which limits its industry influence in the market.

创世团队来自网络营销推广平台Doz.com,具有广告行业的经验,区块链经验也比较丰富。不过团队成员并没有在众多知名企业任职的经历,行业影响力有限。

c. Technical Analysis 技术分析: 3/5

Varanida gave a full set of solutions for the pain points of the advertising industry. The technical explanations in the white paper are also clear, but the technical implementation is difficult and spans over a long period.  In our opinion, the road map lacks a clear timeline. We anticipate uncertainty in the ability to execute and deliver.

Varanida针对广告行业的痛点给出了全套的解决方案,白皮书中对技术讲解的也较为清晰,但技术实现难度很高,跨度很大,路线图中没有标记清楚每项技术的上线时间,能否顺利落地有一定的不确定性。

d. Earning Model and Valuation Analysis 盈利模式与估值分析: 4/5

The project lists detailed financial plans in the white paper. Expenses are also reasonable, in response to the current market’s poor conditions. The campaign management fee, application design and development can also provide steady income and have certain hematopoietic effect. The soft cap of US$10 million is also relatively reasonable.

该项目于白皮书中列出了详细的财务计划,公司成本合理,并有应对市场不佳缩减开支的计划,活动管理费及应用程序设计开发也能提供一定的收入,有一定的造血能力。软顶1000万美元估值较为合理。

 

7. Blockchain.io 14/20

Websitehttps://blockchain.io/

Project SummaryBlockchain.io (BCIO) is a project of Paymium.com, one of the oldest bitcoin exchanges in the world. It was founded in 2011 and has been hack-free since the beginning of its operations in 2013. Claiming to be ultra-secure and profitable, Paymium is registered with the French regulation authority ACPR and its accounting is certified by external auditors. Riding on its track record and experienced team, Paymium is launching a new crypto-exchange: Blockchain.io. This platform will be fully dedicated to crypto-trading while Paymium will remain the privileged hub for fiat currencies. Paymium customers (currently at 170,000+ accounts) will automatically have a blockchain.io account and will obtain incentives for their loyalty.

项目简介:Blockchain.io(BCIO)是Paymium.com的一个项目,Paymium.com是世界上最古老的比特币交易所之一,成立于2011年,自2013年开始运营以来一直没有黑客。超安全和有利可图,Paymium注册于 法国监管机构ACPR和会计核算由外部审计师认证。基于其记录和经验丰富的团队,Paymium正在推出一个新的加密交换:Blockchain.io。 该平台将完全致力于加密交易,而Paymium仍将是法定货币的特权中心。 Paymium客户(目前为170,000个账户)将自动拥有blockchain.io账户,并将获得他们的忠诚度奖励。

Project Analysis 项目分析

a. Market Analysis 市场分析:5/5

The project is a new brand launched by Paymium, one of the world’s first cryptocurrency exchanges. Paymium is registered under the name of the French Financial Prudential Regulation Authority (ACPR), which is fully-compliant with the GDPR European regulations. At present, France is positive about the cryptocurrency, and recently expressed its hope to make France the ICO capital. Blockchain.io also provides a full range of ICO services, and its geographical location will also bring huge advantages.

该项目是世界上最早的加密货币交易所之一的Paymium推出的全新品牌。Paymium在法国金融审慎监管局(ACPR)名下注册,该平台完全符合GDPR 欧洲法规。目前法国对于加密货币表态积极,近期更表示希望将法国打造成ICO之都,Blockchain.io同时也提供全套ICO服务,因此其地理位置会带来巨大优势。

b. Team Analysis 团队分析 4/5

The founding team comes from the old exchange, Paymium, with industry influence and technical strength.

创始团队来自老牌交易所Paymium,行业影响力,技术实力都有保证。

c. Technical Analysis 技术分析 3/5

The team has mature technology and operating expertise running exchange, but the white paper mainly elaborates on its security technology, with not much details about the specific implementation of the “decentralized” project. Today, when decentralized exchange technology is not yet mature, there is still much uncertainty about whether it can achieve breakthroughs.

由于长期运营交易所,项目方拥有成熟技术,白皮书中还主要了介绍了安全保障技术等,但对于“去中心化”交易的具体实现细节介绍的并不多。在去中心化交易所技术尚未成熟的今天,能否实现突破仍有不确定性。

d. Earning Model and Valuation Analysis 盈利模式与估值分析 2/5

The project has a hard cap of 20 million euros, but according to CoinMarketCap data, the 24-hour Paymium volume is only 3.5BTC. If the new brand can’t quickly enter the first tier exchange, the valuation can be over inflated.

项目硬顶2000万欧元,但据CoinMarketCap数据,24小时Paymium成交量仅仅为3.5BTC,如果全新品牌不能迅速进入一线交易所行列,将有高估的风险。

 

 8. Veridium 16/20

Websitehttps://www.veridium.io/

Project SummaryVeridium is a collaborative initiative to create a regenerative economy that sustains our planet’s natural resources and reduces carbon emissions. The project technology will turn industry-standard carbon offsets into freely tradeable tokenized assets, solving some of the biggest problems in the carbon credit market. In 2007, a carbon credit producer and environmental protection and restoration corporation InfiniteEARTH was founded. Today, it works with many well-known customers like Microsoft, SAP, and Intuit. This uniquely positions Veridium and its partners to automate the corporate carbon credit accounting and offsetting process across global supply chains, providing much needed transparency and fungibility to the carbon credit market. Through partnerships with Stellar and IBM, the project is reducing the world’s carbon footprint. Collaborative team members are also creating Veridium Exchange, the first tokenized exchange unleashing new liquidity and trading opportunities in carbon markets.

项目简介:Veridium是一项合作计划,旨在创造一个可再生经济,维持我们星球的自然资源并减少碳排放。项目技术将把符合行业标准的碳补偿转变为可自由交易的标记化资产 – 解决碳信用市场中的一些最大问题。 2007年,InfiniteEARTH成立,一家碳信用额度生产商和环境保护和恢复公司。 今天,许多知名客户如Microsoft,SAP和Intuit加入合作。 这使得该项目和他的合作伙伴能够在全球供应链中实现企业碳信用额核算和抵消流程的自动化,为碳信用额市场提供急需的透明度和可替代性。 通过与Stellar和IBM的合作,项目正在减少全球的碳足迹。 该合作项目还创建了Veridium Exchange,这是第一个在碳市场释放新流动性和交易机会的象征性交易所。

Project Analysis 项目分析

a. Market Analysis 市场分析: 4/5

Natural resource assets are an emerging asset class, and according to statistics, carbon assets have reached as high as USD80 billion, but Carbon credits haven’t worked because they are illiquid, difficult to track, hard to calculate, and are not standardized. Veridium makes carbon credit usage viable with the world’s first blockchain-based exchange and protocol. It has positive significance for environmental protection.

自然资源资产属于新兴资产类别,据统计,碳资产已高达800亿美元,但碳信用额度尚无效,因为它们流动性差,难以跟踪,难以计算,且不规范。 Veridium通过世界上第一个基于区块链的交换和协议使碳信用额可行。 它对环境保护具有积极意义。

b. Team Analysis 团队分析 5/5

The founding team is very comprehensive. The team members have sufficient industry background and experience. The highlight of the project is the strategic partnership between IBM and STELLAR, and cooperation with a number of well-known companies which is expected to have a positive impact on its business.

创始团队信息完整,有着足够的行业背景与经验。该项目的亮点是于IBM以及STELLAR的战略伙伴关系,还与多家知名企业达成合作,对其开展业务有积极意义。

c. Technical Analysis 技术分析 5/5

Based on Stellar’s technology of issuing tokens and developing trading agreements, it is not difficult to implement at all. With the support of partners, it is expected that the team can successfully develop the products.

基于Stellar发行代币、开发交易协议的技术实现难度不高,加上合作伙伴的支持,预计团队可以顺利开发出产品。

d. Earning Model and Valuation Analysis 盈利模式与估值分析 2/5

The project issues two types of tokens – stablecoin CARBON is issued based on carbon assets and VERDE is the token for its trading platform. VERDE is a utility token, which is mainly used to deduct transaction fees and will be traded on the trading platform. Its value will increase and decrease according to its trading volume. However, the hard cap of the project is US$25 million, with the valuations being quite high already.

该项目发行两种代币,基于碳资产的稳定代币CARBON 以及交易平台的平台币 VERDE,VERDE是实用型代币,主要用于扣抵交易手续费,将会随着交易平台的交易量的逐步提高而增值。不过该项目硬顶为2500万美元,估值已经不低。

 

Rating Summary总结

The results of this rating are summarized in the following table.

  1. Caspian and SuperNode Community (SNC) have the best overall quality, are rated A
  2. Veridium, SFF, Cloudbric, Qiibe and Blockchain.io are rated B

 本次评级结果总结如下图所示,SNC与Caspian综合质量最佳,给予A评级,Veridium 、SFF、Cloudbric、Qiibe, Blockchain.io给予B评级。

【Scale    A: 17-20     B: 14-16      C:11-13      No Rating Qualified for 1-10】

项目名称 市场 团队 技术 盈利模式与估值 总分 评级
Caspian 4 5 5 3 17 A
SuperNode Community (SNC) 4 4 4 5 17 A
Stop Fake Food 5 3 4 4 16 B
Veridium 4 5 5 2 16 B
Cloudbric 2 5 4 4 15 B
Qiibee 4 3 3 4 14 B
Blockchain.io 5 4 3 2 14 B
Varanida 3 3 3 4 13 C