AIRBLOC PROTOCOL ICO REVIEW AND ANALYSIS

in airbloc •  6 years ago 

AIRBLOC PROTOCOL

Synopsis
It’s a decentralized data marketplace in which individuals can monetize their data, and enterprises can purchase the data to carry out business intelligence, risk mitigation and targeted marketing campaigns.
The key advantage they have over their competitors is that their protocol layer can be easily integrated seamlessly over existing applications. This guarantees infinite scalability, and they're planning to reach 100m devices by the end of 2018.
Through their parent company ab180 which is a leading big data analytics company in South Korea, they are already tracking 40m devices in South Korea, equivalent to 2/3 of the mobile device population.

Grade: Very Good

TEAM / ADVISORS/ PARTNERSHIPS
-Notable Advisors
*JH Kim - CEO ICON Foundation
*Jason Han- CEO, Kakao Blockchain
*Sean Lee - Director GS Shop.
*Dorjee Sun - COO Santiment

-Notable Partnerships / Investors
*ICON - Doesn't need an introduction
*GS Shop - part of GS Group one of the largest conglomerates in Korea
*COINPLUG
*BLUEBLOCK
*SIGNUM CAPITAL

Their team is strong(can be found in their website) , they’re backed by and partnered with ICON, and their advisors are stellar (including JH Kim, CEO of ICON, and one of the directors of GS Shop, the largest online e-commerce platform in Korea).. They have quite the number of partnerships with a lot geared towards what the project is aiming to achieve which is nice to see. All in all, I belive they're capable of finishing this project.

Grade: Very Good

Competitors
There's a lot of projects in this data service space. Apex (CPX), Valid, Dock, Repux, Datum, Insights Network, Data wallet... I can go on..
So yea there's quite a handful of similar projects.

Grade: Average

MVP
They do have an MVP In form of an sdk prototype but it's currently running privately and will be released in July as per their roadmap. They also said the prototype has been used to travel 55m devices.

Grade : Very Good

ROADMAP
-SDK MVP release July 2018
-Airbloc Marketplace release BETA Sep 2018
-Airbloc beta release Dec 2018
-Partial Launch of of Airbloc SDK Q1 2019
-Full release of Airbloc SDK Q2 2019
So yea mainnet is sometime on Q2 2019 which is leaning on the long/ far side. But they will be achieving a lot prior to mainnet which is good.

Grade: Good

TOKEN METRICS
Hard cap: 20k ETH (at time of writing, below $11m)
%Tokens to be sold: 55.4%
Ico Price: 1 ETH = 10k ABL
Total Tokens: 400m
Ico Date: 19 June, 2018
Low hard cap especially for a protocol like this. More than 50% of tokens sold as well which is very rare in this day and age of 20%-30%.

Grade: Very Good

HYPE
-As of this post, they currently have the following members in there socials;
Telegram: 14K+ members(English and Korea group)
Twitter: 800+ followers (pretty low imo)
-Their presale ended in about 3 mins with 3.8k eth sold. They claim their second presale was oversubscribed by 14x.

  • They did have an airdrop program but it wasn't for joining telegram like most icos do these days. You earned the airdrop by downloading and using their proof of concept app and I think this is a very good use of the airdrop scheme.

Grade: Good

CONCLUSION
Overall Grade : Very Good
Flipping: Positive
Long term Holding: Positive

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