November 2

Analysis of ICO projects by Tokenbox: Spiking & Coda Protocol

November 2

Tokenbox analysts dismantled two projects that go to ICO. What assessment will put these teams strict experts?

Spiking (Singapore)

Spiking is a platform that features analytics and tracking of investments and portfolios of “whale” companies, the largest players of the crypto market. Thanks to smart contracts, Spiking users will be able to reflect the trading activity of any “whale”, as well as directly control their own trading accounts. For new traders, Spiking offers support for RoboBull, the proprietary AI Robot, an intelligent portfolio manager who uses artificial intelligence to create a portfolio of different “whales” based on the risk and reward ratio of the trader.

Tracking whale trades is a valuable barometer that is not available on the cryptocurrency systems market today. Spiking will fill this empty niche and change the way traders interact with the market, helping users make more strategic decisions.

The Spiking Platform offers the most advanced security tools and standards, thanks to which platform clients can monitor “whales” in a completely safe and transparent environment.

A “whale” in terms of a platform is a company (or person) with a crypto balance of more than $1 million. To receive awards in the Spiking system, "whales" go through a verification procedure. Automatic investing through trading accounts is supported by exchanges Bitfinex, Bithumb, Bitstamp, Bittrex, Hitbtc, etc. A reward system has been introduced for “whales” and their subscribers: “whales” receive 21% from commissions, 71% returns to subscribers, 8% is allocated to Spiking itself.

Spiking has a valid application that is in the top 10% in the finance category. The team intends to connect a crypto module to it. At the moment, the functionality is quite solid: you can subscribe to investors and get instant updates on their movements in the securities markets and follow the recommendations of promising stocks. The free trial version of the service is severely limited, and all worthwhile content and functionality unlock for a monthly subscription of 15 Singapore dollars. The team also plans to introduce training certification courses for new traders.

However, the tokenization function in the Spiking project is not entirely clear, and it would be quite possible to do without SPIKE. The introduction of a token for a token’s sake is obvious.

Spiking’s roadmap is very short, all the main action is planned for the first quarter of 2019, with the final release of the commercial version by the end of the first half of the year.

The main sale is scheduled for the end of 2018.

Tokenometrics of the project: the price of the token is $ 0.01, 30% of SPIKE is allocated for the ICO, the bonus on private sale is 30% (lock is 90 days). HardCap – $ 15 million. At the private sale, $ 30 million has already been collected, and $ 1.64 million are investments from "angels".

The remaining 30% of the funds will be allocated to the protocol to maintain liquidity, 25% will remain in the company's reserve to attract users and expand the ecosystem, 15% will be allocated to the team and consultants with vesting in 6 months.

The SPIKE token will be used to pay for in-app services to access premium services. The listing of tokens on С and Kryptono Exchange is confirmed.

The team is very large, which is not surprising for a functioning and profitable company. Management is represented by a CEO with extensive trading experience, COO with 15 years of business experience, CTO is our compatriot with 10 years of experience in development. Also, there are creators of successful projects gifto and, investment bankers and VC. There are a lot of advisors, these are people from gifto, Nebulas, ICOBench, foundations, VC, etc. Perhaps they will be the first “whales” on the platform.

The summary of the project from Tokenbox analysts:

Spiking is one of those projects where entering is not recommended, but it will be useful and even necessary to use the product. The team has already collected $ 30 million, this is enough for the implementation of the plans. The idea is unique, the team is average, the token is optional. The downside is that real “whales” will most likely not use this product. A preliminary assessment of the project from Tokenbox is 5.5 / 10.

Coda Protocol (USA)

CodaProtocol is the first cryptocurrency protocol that uses blockchains of constant size.

This is yet another, but rather good, application for creating a scalable and decentralized blockchain.

The main idea of ​​Coda is to minimize the centralization of networks by introducing a constant cost of validation. In Coda, the network does not pay the user, on the contrary, they pay the network to be able to confirm transactions.

The project developers are trying to solve the following problems of existing cryptocurrencies:

the ever-increasing blockchain volume leads to a decrease in the number of full nodes and centralization. Thousands of transactions per second generate terabytes of historical data weekly.

  1. blockchains may face the problem of the Red Queen hypothesis (the blockchain volume will grow faster than our ability to check it).
  2. users of light clients delegate the security of their own transactions to third-party sites.

To solve these problems, the Coda project uses the technology zk-SNARK (zero disclosure proof). All previous transaction history is iteratively converted into a certificate, which confirms that all previous calculations were performed correctly. Thus, the entire blockchain can be converted into a package smaller than 1kb in size.

The processing speed is 10 ms, calculations can be performed and tested on a device of any capacity, including a smartphone. At the moment PoW is used as a test consensus, but the developers are planning to switch to PoS. The first version of the protocol will work only as a currency and will not support smart contracts. However, in the future, the developers do not exclude the possibility of adding this functionality.

The Coda project team is represented by CEO Evan Shapiro; he graduated from Carnegie Mellon University and received a bachelor's degree in Computer Science. He then received his research degree while working at the CMU Personal Robotics Laboratory, where he was engaged in research for the HERB robotics platform.

His colleague Izaak Meckler is the CTO; a mathematician and computer scientist, he worked as a software engineer at the Jane Street trading company and participated in numerous open source projects, including the Elm compiler.

In addition to the founders, the team currently has 7 developers, recruitment continues. Of the project advisors: Jill Carlson can be noted, who worked with the IMF and is a consultant for cryptocurrency and blockchain companies. She conducted research on cryptocurrency at Oxford University, began her career as a Goldman Sachs credit trader.

The summary of the Coda project evaluation from Tokenbox:

Perhaps this is one of the most interesting upcoming projects. A unique and simple idea that solves many of the current problems of modern blockchains, great potential. Of the minuses, one can note the reluctance of developers to patent the idea, which can lead to a large number of forks based on the technology. At this stage, there is no indication of tokenometrics. Project evaluation – 6/10.

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