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Tokenbox Analysis Of ICO Projects

Published 08/16/2018, 06:31 AM
Updated 07/09/2023, 06:31 AM

1. MultiVAC (China)

MultiVAC is a growing startup from China, which sets itself the ambitious task of solving the problem of creating a secure, decentralized and scalable blockchain.

In the environment of crypto programmers, these three parameters have already been called the "impossible triangle", because of the complexity of their overlapping spheres of influence in one network.

The technology of partitioning transactions into separate parts (called sharding and implemented in Zilliqa, Quarkchain or Emotiq) partially solves this problem and, in fact, acquires a new round of development in MultiVAC, combined with the technology of randomly verified functions (Verifiable Random Functions (VRF).

Transactions and smart contracts in MultiVAC will be confirmed by randomly selected miners, while the confirmation process itself will remain the same as in bitcoin (the UTXO protocol). The main cryptocurrency is still the standard of security and decentralization, and the goal set by MultiVAC is to make transactions quick using a working bitcoin model.

The creators of the project also provided a tool that allows developers to find and choose the balance between security, scalability, and independence from other applications. Obviously, for the new blockchain hit, the first priority will be the bandwidth, and only then security and decentralization. For a closed bank vault, security will be a priority, not speed. By allowing developers to customize the parameters of their system, MultiVAC will offer a truly flexible tool that many Ethereum applications will be very likely to involve.

MultiVAC uses a new VRF model that breaks the user's transactions and nodes into random shards and uses the UTXO protocol to confirm (reach consensus) within the sharding process.

The team of the project, headed by Frank Lyu, is 80% programmers and scientists and has virtually no established marketers and PR managers. This explains the lack of marketing and advertising, but the presence of doctoral degrees as far as almost all members of the team are concerned completely makes up for the lack of HYIP and, as a consequence, investments.

The Hard Cap has not been announced. At the moment, the presale of MultiVAC tokens is happening, in which large funds and opinion leaders in the blockchain industry can participate.

In the current round, the startup has collected between $ 8 and $ 10 million in addition to the previously raised $ 5 million, distributing 1 billion MTV tokens at a price of 0.008 USD. The tokens purchased during the Pre-ICO period have a 9 month lockdown period - 25% of the tokens will be available for sale immediately, and 25% will be released every 3 months.

The MultiVAC project has no direct competitors and is headed by a strong team. On the other hand, there is slippage because of the general decline of the market. The team of Tokenbox analysts does not recommend taking part in ICO in the current market conditions.

The final evaluation of the project is 6.5 / 10.

1. Jura Network (USA)

Jura is a project that is a hybrid of DAG and blockchain. Today such a system is called a DAG-chain. To protect the network from potential spam attacks that have already occurred and the danger of which is still there (as examples we recall the attacks on IOTA or Nano projects), Jura will use "Proof of Verifiable Random Time" (PoVRT).

PoVRT ensures that each account waits for a verifiable time interval before it can initiate the next transaction, and this time value increases exponentially, depending on the number of transactions. If an attacker tries to use a supercomputer for a spam attack on the network, the system will still impose a random wait time on this node. However, the core value proposition Jura introduces is the proof of utility (PoU), which will take place of the existing DPoS in Nano.

PoU is a consensus algorithm that evaluates votes based not on the size of a stake, but on the usefulness of such votes. The system will evaluate the degree of influence, contribution and algorithmically determined level of friendliness of each node. PoU makes a 51% of attacks difficult because no one can see the distribution of votes. Jura will use on-chain sharding to separate the amount of data that each node must handle.

Jura technology and its advantages over competitors (let’s say, Nano):

  • The core structure (FUSUS) is adaptive to network loads, which allows changing transaction speed. It has the PoVRT technology for anti-spam protection.

  • Proof of Utility provides additional time to increase creditworthiness, a general consensus mechanism that allows achieving self-regulation and adjusts to the needs of businesses in different areas.

  • Sharding presents concurrent transactions to achieve an extremely high level of scalability, speed, and security optimization.

  • Artificial Intelligence (a system of protected wallets and automatic detection of nodes) produces warnings about malicious attacks.

Tokenometrics of the project Jura:

HardCap - TBA, the dates of the main sale - TBA, at a private sale the price of 1 Jura = 0.009; bonuses: 40% (no lock).

Most of the team is based in New York, but there are also offices in San Francisco and Beijing.

Donglin Wu Dafflon is a member of the Forbes 30 under 30 rating, worked for SouthRock Capital (a division of Deloitte). At the moment he is the CEO of Jura Protocol. He is a partner of Dimension Strategies, which is an investment hedge fund focused on cryptocurrency, the founder, and CEO of INVITE & Quanzi CRM. He graduated from Harvard University - specialization Mathematics, London School of Economics and Political Science (LSE) - specialization Management and Economics. At the moment there is no information on the advisers.

To sum up, the Jura Network project looks very interesting, but exactly how technology will be implemented, time will tell.

In comparison with NANO, which is now going through hard times after a break-in, the Jura Network consensus looks much more interesting, especially considering the developments regarding artificial intelligence.

The disadvantages include lack of information about partnerships, investors and even data on the number of tokens.

The preliminary assessment of the analytical department of Tokenbox is 6/10.

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