ICO review - OneLedger - Cross-ledger Access

Bearishness of the markets does not excuse us from discussing new potentials like One Ledger. Tides will turn, sooner or later.

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What is it all about?

Oneledger is a gateway protocol which will let all kind of business applications or individuals to connect to different blockchains via sidechains that are implemented in the One Ledger platform. It will simplify adoption of an integration of blockchain technology for small businesses and enterprises. Those business applications will be able to create their own uniquely-identified network consensus on private and public blockchains they create .

Blockchain Interoperability

OneLedger supports consensus across different blockchains; the ability to expand and query data in other chains is made possible through compatibility with other blockchain networks by leveraging side-chains.

After creating digital identity users will also be able to use blockchain based business tools that are provided on the platform. Options to create digital wallets, credit systems and arbitration mechanism will all ease the process creating and maintaining of business solutions without extensive programing knowledge or additional costs in developing those applications.

One way of looking at the vision of OneLedger is ‘Plug and Play’ for all individual or business applications that want to use blockchain. OneLedger also plans to build a marketplace where you will be able to buy custom made modules ready to plug into OneLedger.

OneLedger Stakeholders

• Users
• Network supporters (NODES)
• Developers

Users will have to pay a network fee to nodes if they want to use the Oneledger platform. They can get OLT tokens to pay the fee from running a node themselves or buying the tokens from other users.

Users can also spend OLT tokens in the marketplace for specific modules they might need that are made by the developers, this can be done on a one time fee basis or as a subscription based solution that will be coded in the smart contract.

At first OneLedger will allow anyone to run a node but after a period of time they could introduce a staking mechanism so they ensure commitment and quality of the network.

Token metrics

• Token supply: 100 million OLT
• Softcap: 4 million USD
• Hardcap: 15 million USD
• Seed round: 1 million USD, locked for 6 months in smart contract with monthly release
• Private presale: 6 million USD
• Public presale: 3 million USD
• Public sale: 5 million USD
  

• Community reserve: subject to various lock-up periods
• Team reserve: locked for 24 months in smart contract with quarterly release
• Advisors reserve: locked for 12 months in smart contract with monthly release
• Company reserve: locked for 24 months in smart contract with monthly release starting from the seventh month
• Marketing and Long-term partners: subject to various lock-up periods

Team behind Oneledger:

Team of people behind the project is the most promising part of the OneLedger story. They are all experienced in their fields and have past business success and reference. In my opinion this team shows promise. No idea if they like beer but they should at least discuss it in the fun and trivial part of their advertisement.

Links

• Web page: https://oneledger.io/
• Telegram: https://t.me/oneledger
• Twitter: https://twitter.com/OneLedgerTech

This post is a collaboration with @carebbear so check him out and show him some love

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_{Image source: Wiki}

As final words, I’d like to dedicate this post to the recently deceased Stephen Hawking (1942-2018). As one of the greatest minds in the human history he has inspired millions to take part in the betterment of mankind. My hope is that crypto space is one more step for the better.