The Token Fund’s ICO Analysis: April 22, 2018
Viktor Shpakovsky | Apr 22, 2018 08:17AM ET
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The Auditchain Project (Switzerland)
http://egretia.io
Egretia is the world's first engine platform for creating games using HTML5, with the aid of blockchain technology. Currently, users of HTML5 games account for 47% of the total number of users of mobile games. Combined games that use HTML5 have already developed to a point of autonomous commercial profitability. In 2017, the size of the HTML5 game market in China exceeded $1.5 billion, and today the trend is toward increase.
Egretia was created by Egret Technologies (https://www.egret.com/en/). This is one of the most powerful and popular engines for creating HTML5 applications and 2D games. Plus, the engine is free and handles multiple platforms. As the project's whitepaper says: «Egretia Lab is teaming up with Egret Technologies to create the strongest blockchain ecosystem in the HTML5 world».
The system will consist of five main platforms:
1. The Cloud Platform For Distributed Communications And Data Storage.
The platform will use blockchain nodes, providing decentralized exchange and storage of data.
2. The Game Distribution Platform.
This platform is the official decentralized application of Egretia Lab. Users will be able to play HTML5 games on this platform and make payments through Egreten. Using the Proof-of-Game (POG) mechanism, players can also receive Egreten rewards by playing or sharing games with friends.
3. The Virtual Item Trading Platform.
All users of Egretia games can buy, sell or exchange their virtual goods on this platform for the system’s tokens.
4 The Egretia Ad Platforms.
This is an advertising system based on the principles of KYC blockchain, smart contracts, and digital platform tokens.
5 The Egretia Incubator.
This platform is used for technical support of development teams and freelance developers, creating a bridge for communication between players and developers.
The idea itself is aimed at blockchain games like Crypto Kitties. The tokens are used as a complete replacement for fiat currency. Perhaps, at this stage of the crypto-market development, this is not the best idea. During the next two years plus it will be easier to use fiat. In addition, these games can overload the network and reduce the speed of Ethereum network transactions, which was what at some point Crypto Kitties did.
Of course, there are other engines for creating games. For example, world-famous Unity once tried creating something similar and even announced a partnership with Enjin Coin (a crypto-coin for gamers). The Egretia project is aimed at 2D blockchain games, so we will assume that there is no competition as such.
The release of the alpha version of the SDK is scheduled for the end of 2018. The release of the wallet is set for the beginning of 2019. The launch of a stable Egretia version 1.0 is scheduled for the middle of 2020. Technically, the product will not appear very soon, and there is no publicity around the project.
Analysts at The Token Fund do not recommend this project for investment. The Roadmap indicates that the product will not be ready for at least 2 years.
The partners, although relatively reputable in China, still do not seem to have enough promise to reach the level necessary for a good ICO.
The team has experience working in the field of games. With 90% probability, Egretia will not function as an independent company but will only be one of the 15 products used by Egret. The project estimate is 5/10.
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