Skrumble Network (SKM) ICO Review & Analysis - Skrumble ICO Review - Pick A Crypto

in cryptocurrency •  6 years ago 

Skrumble Network is a completely new, innovative blockchain and application that centers on creating the most secure connections for communication possible. The Skrumble Network blockchain and application will allow users to perform communication and financial transactions more securely and build their own application using the network.

Skrumble Network will change the use of blockchain technology from primarily financial transactions, and ensure there’s a solution to establish secure, quick communication connections.

  • Decentralized, impenetrable network to safeguard user data and ensure content privacy.
  • A unique consensus-based algorithm, ensures access to every conversation is different.
  • Using Skrumble Network’s decentralized protocols, ensure users have exclusive access to their shared data.

“Launched in 2014, Skrumble Technologies Inc has become a well-established cloud communication company in the industry. With over 30 filed global patents, Skrumble leverages exclusive technology to build trusted solutions for Fortune 500 companies, IT consulting firms, call centers, professional services, police forces, security companies, governments, remote business, developers, and more. Over 400,000 users have leveraged Skrumble’s various technology and communication solutions. It is Skrumble’s mission to innovate methods of communication and create opportunities for people to connect globally on the most secure platforms possible.”

Positives -

  • Starting with the Company Itself, Skrumble Technologies Looks like It’s Been Around for Quite Some Time. Launching in 2014, They’ve Already Got 30 Filed Patents to Their Name with the Technology Helping Various Fortune 500 Companies Including IT Consulting Firms, Call Centers, Police Forces, Security Organisations, Governments and More. According to Skrumble, over 400,000 Users Have Taken Advantage of Their Technology. Great to See a Company with a Long History of Operation Prior to Joining the Cryptocurrency Scene.
  • The “Encrypted Communications” Sector of Blockchain Projects Really Doesn’t Have a Clear Leader as of Yet. There Are Various Solutions Available That Offer Basic Messaging, but Skrumble Network Offers Developers the Opportunity to Build Skrumbles Secure Communication Layer into Their Own Applications, with Decentralized Applications Also Being Made Possible Once Skrumble Network Moves to Their Own MainNet. With Such a Wide Range of Use-cases, Developers Will Be a Huge Part of the Networks Growth.

Full List Of Positives Here

Concerns -

  • Our Main Concern Here Is the Distribution of the SKM Token after ICO. ICO & Private Sale Participants Received only 26% of SKM Tokens. 30% Went to the Team, Investors, Advisors, Etc, While 29% Went to the “Foundation” Which According to the Token Distribution Document Is the “Foundation Team, Key Influencers, Some Community Contributors, Key Cooperative Institutions, and Other Community Contributors”. Even Though There Are Various Lockups in Place, There Are a Large Amount of SKM Tokens That Could Be Dumped into the Market Once These Lockups Have Expired. One Thing We Should Point out Is That 15% of SKM Tokens Went to “Community Building” Which Covers Marketing and Community Building. Great to See a Decent Amount of SKM Going Towards Building a Strong Community.
  • The Use-cases of the SKM Token Are Not Outlined on the Skrumble Network Website. If You Go into the Whitepaper, You’ll Find This Information on Page 26. The Use-cases of the SKM Token Look Solid, It’d Be Great to See This Outlined Somewhere on the Homepage so That Investors Can Better Research the SKM Token Model.

Full List Of Concerns Here

Official SKM Exchanges -

Official Skrumble Network Links -

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