Analysis Of ICO Projects From Tokenbox
Viktor Shpakovsky | Sep 05, 2018 07:25AM ET
1. Ankr (USA)
Ankr Network is an infrastructure that allows you to perform distributed cloud computing (DCC) for business applications and has the potential of becoming the flagship of the decentralization of the cloud market.
The project differs from the existing solutions because of three significant advantages - scalability, a fundamentally new type of consensus and support for Intel (NASDAQ:INTC) SGX.
High bandwidth will be achieved through sharding (fragmentation of transactions into small parts). The consensus ProofofUsefulWork proposed by the developers favorably differs from the consensus of Bitcoin or Ethereum in that it rewards each user doing the work, not just the one who gets the unit first.
Mining and calculations, instead of using Asic miners, are supposed to be conducted using SGX - a new technology from Intel that divides data into protected enclaves (execution areas), which exponentially increases the security of the information stored in Ankr. The creators of the project intend to offer an alternative to services from Microsoft and Amazon (NASDAQ:AMZN), creating its own decentralized distributed platform. In addition, the main competitors in this segment - SONM, Decent, Storj - did not show proper results after their ICOs.
At the closed seed round the project collected $14.5 million, leaving less than 5% of all tokens ($3.3 million) for the main sale. The price of 1 ANKR token is $0.0066. The date is September 2018. There are no restrictions on the amount of investment, but you need to pass Whitelist and KYC on the OpenToken platform.
The Ankr project was founded by two developers: Chandler Song and Stanley Wu. They have experience working in cloud companies Amazon,
SAP, CitySpade. There are no persons with managerial background and strong marketers among the team of 11 people; however, NEO fund, OKEx exchange, JLabs and other "giants" of the crypto world have already invested in the company.
Among the advantages are a presence of a prototype and a large number of repositories on GitHub. Cons - the lack of marketers and public figures in the team, equally the presence of serious, established competitors in the cloud computing market.
However, technical skills and strong strategic investors can outweigh this and bring the project to the stage of successful implementation. The recommendation of the analytical department of Tokenbox is to invest for the medium term given recovery of the market. Evaluation of the project Ankr is 7/10.
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