ICO Review: Seele

What does the company/project do?

Seele is powered by an up-scalable Neural Consensus protocol for high throughput concurrency among large scale heterogeneous nodes and is able to form a unique heterogeneous forest multi-chain ecosystem

Issues

Bitcoin, Ethereum, etc. are all singlechain structure and all transactions take place on one chain

Seele solution

1. Value Transport Protocol
   Seele proposes the Value Transport Protocol (VTP) based on the heterogeneous forest network architecture. Based on the VTP protocol, we define the Uniform Asset Identifier (UAI). Hierarchical structured naming of assets is helpful for people's cognition and memory, and has the uniqueness, availability, scalability and other characteristics

2. Neural Consensus Algorithm
   One of the most important features of the consensus algorithm is the linear scalability, that is, the performance increases linearly with the node size. The larger the node size, the faster convergence and the better performance. In the 100K node network environment, TPS reached 100K, the transaction confirmation delay decreased to several seconds.

3. Quick Value Internet Connection
   Quick Value Internet Connection(QVIC) protocol that better adapts to and meets the various needs that blockchain value networks face at the transport and application layers.

4. Computing Integration
   Computing resource integration based on Seele defines a new type of technology that integrates off-chain storage and computational resources over blockchain and smart contracts.

Rating

1. Team: 4/5
2. Advisors: 4/5
3. Product - Proof of concept: 5/5
4. Product - MVP: 3/5
5. Token Economics - Token utility: 5/5
6. Business Evaluation - Market potential: 5/5
7. Hype and media presence: 4/5

concerns:

• Recent scam issues
• Massive and very ambitious project & roadmap
• There is no sufficient information about team & advisors on the web

OPPORTUNITIES:

• Easy reading whitepaper even you are not a technical professional
• It’s not a simple blockchain, it’s everything based on blockchain: the Internet, business, data, information, economy. It could turn out to be one of the most promising projects of 2018 and 2019.
• "Successful project should have a maximum number of Chinese wearing glasses." This team has it