ICO Hero Node

Website: https://heronode.io
Token type: ERC-20 (to be converted later)
Ticker: HER
Token Supply: 2,000,000,000 HER
Hard Cap 15,000,000 USD
Whitepaper: 46 pages

Distribution of Funds:

Project Summary:

• Fog computing platform offering BaaS containing the following

  • Public chain

  • IPFS storage

  • Off chain computing (fog computing)

• Uses JavaScript as the main programming language

• Tags a hash to an app and posts it on the chain

  • Creates immutability

  • Ease of access of app (perhaps some sort of name resolver in the
    future?)

• Layers

  • Aggregate Layer

    • Blockchain layer

    • Connects storage nodes

    • Opens API to chain for gateway layer

  • Node Gateway

    • API layer for app layer to build on

  • Mobile (App layer)

    • Will support iOS, Android and h5 platforms

• Consensus mechanism

  • Hybrid Proof of Work (PoW) & Proof of Existance (PoE)

  • PoW for generating blocks

  • PoE for proving that storage is available for storage (mainly
    for IPFS)

• Token

  • Minable (30% of supply)

  • Used to determine node weight

    • New nodes low weight

    • Apps with large userbase (high flow) will be high weight

    • Lower weight nodes provide services to higher weight ones
      (storage, bandwidth etc)

    • High weight nodes are forced to purchase more tokens to
      support higher load

Pros/Cons:

• Pros:

  • Good tokenomic structure

  • Ecosystem seems complete

  • Fog computing will be needed in the near future

    • This is especially true for smart contract computation

  • Unique structure of tagging an address to an dapp

  • Strong investors with Qtum and Fenbushi being the more prominent
    ones

• Cons:

  • The adoption of the ecosystem is highly correlated to the token
    price

  • Many similar projects already exist in the market

    • Storage (siacoin, storj, bluzelle (db))

    • Fog Computing (golem, elastos)

General Thoughts:

This project is interesting as it is the first I've come across where
every dApp is tagged to an address and the owner is charged for the
resources the dApp consumes. The use case of blockchain technology is
therefore strong, but one should not be blinded as Ethereum already
offers such an ecosystem with smart contracts.

Hero Node's implementation is the opposite of Ethereum's model where the
users are charged for using the dApp (gas fees). The creator of a dApp
would have to pass the cost down to the users which would create a
slightly different ecosystem compared to existing smart contract
platforms. This will result in dApps created on the Hero Node platform
to be different (more expensive to use?) which should allow Hero Node to
co-exist with Ethereum.

Ultimately, every platform requires adoption and Hero Node is making it
more expensive for successful app developers to continue hosting their
app. Whether such a model will work remains to be seen.

Rating: 7.3/10

Disclaimer: This is not investing advice and simply my personal thoughts
and opinions. I am not liable for any decisions made from this post. I
am also not affiliated with any investment or advisory firms and do not
engage in activity with such entities.

Please donate if you like my content

ETH: 0xa0b9Ec81eC4dcb269D5cc27E717bb967c441233e