A closer look at Constellation Labs (DAG)

Constellation Labs

Key Features

• DAG similar to IOTA but much faster once fully scaled
• around 4,000-4,800 TPS per 1200 Nodes
• horizontally scalable distributed operating system
• smart contracts as microservices

Team and Advisors

• Brendan Playford (CEO), former head of demand generation at Drone Deploy
• Wyatt Meldman-Floch (CTO), NASA Intern, engineer for Zignal, data engineer at Rally Health
• Benjamin Jorgensen (COO), General Manager at GiftConnect
• Altif Brown (Head of Community) - global community manager at POWr and WANELO
• Zac Russell (Head of Marketing) - RED BULL advertising specialist
• Advisors with a background from Apple, Youtube, Uber

Roadmap

• Testnet in Q3 and Mainnet end of the year
• In my opinion pretty unimaginative and uninspiring. Pretty small roadmap.

Token Metrics

• Hardcap – $33,250,000

Drawbacks

• Whitepaper is pretty technical. Does not explore possible commercial uses of the proposed chain. Also: some spelling mistakes.
• Team pivoted in 2017. At first, they tried to build a decentralized content platform on ETH. In short, something entirely different that is not at all related to building a completely new DAG chain.
• Tokens of private sale investors were not locked. This is super unprofessional and let to one investor who dropped around 30 million tokens at the day it was listed.
• They propose a speed of around 4000-5000 Tx/sec. Other projects might become much faster.

Verdict

• DAG project with interesting team

This is not financial advice. I'm just sharing my opinion. Always do your own research.