ICO Project Analysis From Tokenbox
Viktor Shpakovsky | Oct 11, 2018 06:49AM ET
1.Celes Chain (China)
Celes Chain is a service for creating financial applications with a public network, which is based on a new and improved regulatory system by consensus. Consider the features of the project:
1. Celes Chain smart script, the service for creating financial applications. The language (CSSL) will be used to develop the business logic of the project, including services such as code, applications, intelligent contracts, and calculations.
2. The public network will be based on a new consensus. The entire project will be built on the public blockchain. Consensus Mechanism 3.0 will include regulation of the basic concepts of supporting cross-chain interactions and connection authentication on the side-chain as well as providing services to financial institutions for developing financial blockchain applications. The Celes blockchain itself will be built on the DPoW consensus (Delegated proof of work). This is a mix of two mining algorithms - PoW and PoB (proof of Burn).
3. The regulation system. There will be a “super administrator” in the Celes Chain, who is a supervisory agency that will regulate data in applications. Each code will be checked for legal compliance. Celes Chain will have a compiler specifically designed to translate business logic into legal documents.
Tokenometrics of the project:
HardCap - 35.000 ETH (15000ETH collected). The cost of 1CCHN = $0.1. A total of 2,100,000,000 tokens will be released. According to the roadmap, the test network will be launched before the end of 2018, and the mainnet at the beginning of 2019.
The project team:
Liu Zhijian (Founder) - BS at the Hong Kong University of Science and Technology, worked at the Royal Bank of Scotland (LON:RBS), London, China Development Bank (Hong Kong).
Liu Yilan (CTO) - BS of Computer Science at Central China Pedagogical University, 3.5 years of work as a technical director, 12 years as a senior engineer at Tencent Technology.
Gao Han (CEO) has MS and Ph.D. degrees from the University of Chicago and has 20 years’ experience in financial services, previously worked with Goldman Sachs (NYSE:GS) as a private trader and with China Investment Corporation (CIC) as the head of a trading company.
Project Advisors:
Wang Dong - Ph.D. from the University of Virginia, USA, worked in the North American energy industry for 7 years. One of the first investors in NEO.
Shane Jing - MS & Ph.D., MIT, has more than 10 years of experience in the financial services industry in both New York and London.
Wang Shen. His practice includes a wide range of business operations in the field of mergers and acquisitions in the domestic market, development, and financing of projects.
The Celes Chain team received $10 million in venture capital from Northern Light Venture Capital (NLVC), Xinghe Capital.
Summarizing the project, we can distinguish the following negative points, despite the good technology: low hyip and empty social networks, weak tokenometrics, and capitalization too high for this market, the Whitepaper without a description of the technology, weak partnerships.
The evaluation of the Tokenbox analytical department is 5/10.
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