Analytics

June 27

The Token Fund’s Analysis of ICO Projects: Eloncity & Carry Protocol

June 27

Our partners have prepared a review of the next two projects starting the ICO. Is it worth investing in ambitious startups?

Eloncity (USA)

The Eloncity project is aimed at creating a real economy in the field of energy. The goal of the project is to create an open “Eloncity” technology in order to make electricity virtually free and to electrify the world with clean green energy.

There are significant problems in the existing centralized energy system:

  1. a large number of man-made disasters leads to the destruction of the environment;
  2. the centralized system of production and delivery of energy to consumers does not meet the requirements of safety and reliability;
  3. the complexity of delivering energy to the consumer and adapting new energy sources to the existing supply schemes;

In addition, during periods of peak loads, the centralized system is not able to provide all the demand and transfer unclaimed capacity to where it is most needed.

The solution proposed by the project is justified and has a physical embodiment: millions of self-sufficient micro-nets will be created that will locally produce energy 24/7. They will look like a honeycomb.

The project implementation plan is divided into three main stages:

  1. The AI Grid Foundation is a non-profit organization that was created by the founder of Eloncity and dealt with the energy problem before the project was implemented. Energy Storage Systems, which creates battery-based storage systems, was also established.
  2. Over the next 18-24 months, the Foundation will work with the state, scientific and educational institutions, and government bodies to scale the Eloncity model into North America, Latin America, and Asia.
  3. The Foundation will focus on the transformation of the Eloncity model mass market to all target markets in the world.

The blockchain is really necessary for the project; producers and consumers of energy are proposed to be divided into groups (micro-grids). Each such group will have its own separate blockchain-ledger (the problem of transaction speed is solved by grouping and creation of individual blockchain). The entire trading system will be implemented through the blockchain system through the algorithm of demand/supply formation and seasonality accounting.

The project has already started working and has an MVP. Eloncity was implemented in the US and successfully launched in the village in Shanguanico in Mexico; a standalone micro-grid was built. The main partner of the project is the Krypital Group.

The leader of the project is Andy Li. He graduated from the University of Missouri-Columbia. He worked as Principal Engineer at Cisco Systems for 11 years and as an Infrastructure Architecture in the Alibaba Cloud Computing Company for more than 2 years. There he was actually engaged in renewable energy work.

Other members of the large project team also have solid technical experience in senior positions.

This very ambitious project with a lot of financial support will most probably gain a lot of hype. However, there is no clarity with regards to the public sale. In addition, there is no whitepaper.

The Token Fund recommends that you follow the project and be cautious about investing in the ICO. The preliminary estimate is 6/10.

The Carry Protocol (Singapore)

The Carry Protocol is a system that connects retail outlets with customers with the help of blockchain and provides a multitude of bonuses for both parties.

Despite the fact that many business projects have gone completely or partially online, the traditional retail industry is very much alive and boasts a capitalization of more than 25 trillion dollars.

While in the online market segment such an operation as a collection of customer data is not difficult, in the traditional system this is still a problem. A large share of information goes to credit card companies and banks that supply payment terminals. In addition, advertisers have to spend considerable sums on marketing research, which is often conducted poorly and misleads customers.

The Carry Protocol solves all these problems, aligning blockchain with the four main components:

  1. Payment databases: all transactions are registered and recorded within the blockchain.
  2. Smart contracts generate and issue rewards in CRE tokens, or as BT's own "brand tokens".
  3. A wallet is for controlling personal data, collection of awards and management of cryptocurrency.
  4. An API for developers allows stores to integrate payment terminals that are used to work with Carry.

It is worth noting that any store that uses the Carry Protocol will be able to create their own tokens to pay out bonuses and advertise them directly in the application /wallet.

Also, store owners will be offered 2 types of issuing brand-tokens:

  • with a daily limit depending on the number of CREs on the account;
  • one-time delivery upon the fact of payment for the order by the client.

Brand tokens can be of different types: from discount coupons to prepaid bonus cards.

The roadmap is quite long. All highlights are planned for 2019. In 2018, there will be a network test and work on alpha before release.

The CRE token will be used for the following purposes:

  1. Performing smart contracts for businesses.
  2. Awards for access to personal data.
  3. As a payment system in partner stores.

Out of 10 billion CRE, 40% is allocated to the ICO, 25% to the development of partnerships, 15% toward activating the market, 10% is for the team with a lock period of 2 years, 5% is for the advisers with a lock period of 2 years, 5% is for the reserve.

The project team is huge. The core of it consists of the creators of Spoqa, the largest South Korean developer of loyalty programs. Also on the team are the creators of Dodo Points with a base of 15 million subscribers, partners represented by Kakao, Facebook and many clients connected to the system.

It is through the Spoqa network that the introduction of the Carry Protocol into the masses will begin. The team of advisers consists of Hashed's partners, investors, the creator of Earn.com, the creator of DigixGlobal and a former Gmail engineer.

The introduction and popularization of cryptocurrency should be simple and understandable. It's not so important for ordinary people to know the differences between blockchain; there is no need to understand what DAG and smart contracts are. They just need to come to the store, make a purchase, get bonuses and leave satisfied. Such projects with a competent team, a ready product distribution system, a good idea in a growing niche will showcase good results in the future.

The analysts at The Token Fund recommend the project only for long-term investments. The final evaluation of the project is 7.5 / 10.

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1 comment
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Andrey Cherenkov
6 months ago
Многие на данный момент побоятся вкладывать в новые проекты, ввиду ситуации на биржах. Новички уж точно!
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