The Money Makers Club now has 6 of 15 available seats. Learn more here! All the cool Decentralized Apps of the future that require mapping and tracking lack a way to come to a consensus on the location of objects and entities in space and time. New start-up FOAM is a Proof of Location Protocol looking to incentivize users to build a consensus-driven map of the world. They will also provide the tools to create, view and interact with this map. “At FOAM, we are committed to building spatial protocols, standards and applications that bring geospatial data to blockchains and can empower a consensus-driven map of the world” Based on Ethereum, FOAM is an extremely technical project. A lot of what they are trying to do has never been done before. Token mechanisms and crypto-economics underpin the elements of FOAM and empower the distributed users to coordinate and interact in a decentralized and permissionless fashion. Each of the three component elements of FOAM (pictured above) are designed to address three specific problems with current spatial protocols: Crypto Spatial Coordinate Standard: Establishes standards for embedding physical location in Ethereum smart contracts. “The CSC is effectively a human-readable paired representation of a geohash and an Ethereum address, together with an immutable pairing of the two on the blockchain. It is possible to verify the CSC of a contract and its associated geohash. The protocol allows the CSC to be mapped back to the original geohash and address on-chain using the registry for any smart contract to utilize and reference.” Spacial Index and Visualization Webapp: A visual blockchain explorer for creating, viewing and interacting with Crypto-Spatial Coordinates on a web map. The SIV can serve as the front-end for decentralized applications and will facilitate FOAM’s token curated registries for geographic points of interest. Proof of Location: GPS is not a viable tool when a smart contract needs to execute autonomously on spatial information. FOAM protocol breaks Proof of Location into two categories: static and dynamic. Static-proof of location allows FOAM cartographers to apply token curated registries to geographic points of interest (POIs) to generate trusted and reliable POI data. Dynamic proof of location utilizes a decentralized and permissionless network of radio beacons to determine if and when a particular entity was at a certain location. It is done in a privacy-preserving manner and utilizes a Byzantine fault tolerant protocol to prevent fraud. “The goal of the FOAM Proof of Location solution is to provide the framework and infrastructure to support a decentralized, privacy preserving, highly accurate, censorship resistant alternative to the Global Positioning System (GPS). Secure location data is a fundamental infrastructure needed to achieve the full vision of the a decentralized ‘web3’ economy and can foster an ecosystem of applications built on top of a verified location standard. Proof of Location is the primary utility arising from use of the CSC and SIV elements discussed above. Proof of Location is a solution to provide consensus on whether an event or agent is verifiably at a certain point in time and space.” This gets very detailed. To learn all about the FOAM system see the technical and general whitepapers. FOAM is a utility token with a few different purposes. A new way to incentivize curators to create content for lists. Imagine Yelp combined with Google maps, combined with crypto. Content is backed by staked tokens and token holders vote on additions to the list with the goal of raising the value of their token by producing a valuable list. Users can add points of interests POI to the map, validate new candidates and verify the map by visiting real world locations. Users can deposit FOAM tokens into POIs on the map to increase attention those POIs might receive. Zone Anchors and Zone Authorities are rewarded FOAM token block rewards for setting up and maintaining Zones. From the whitepaper: “Block rewards and the increase of a physical infrastructure will hopefully contribute to extending the geographical coverage of Proof of Location and its network effects. FOAM establishes a mechanism to incentivize the staking of tokens in a geographically diverse manner. Signaling occurs on the Spatial Index, where users place indicators in areas where they need decentralized location-based services, which are then recognized within the token reward structure of the block rewards. Additionally, tokens in block rewards are spatially weighted by the signal. This further incentivizes the growth and dissipation of the network across a variety of users and locations. Prior to the initiation of mining, participants will signal where location services are needed, and in doing so increase the eventual block reward of that location. This incentive mechanism is to coordinate contributors, in a grassroots fashion, to operating the protocol.” A lot more info is available in the technical whitepaper. 30% of the FOAM Token supply will be sold to purchasers during the FOAM Token Sale All 300 million FOAM tokens being sold will be distributed to purchasers proportionally regardless of total U.S. dollar of FOAM tokens purchased during the sale. This means any unsold tokens will be divided up evenly to contributors. The team is based in New York City. Interestingly, they didn’t provide work history info on the website. Looking into the three co-founders, they are young and don’t have a ton of work experience. Despite this, they come off as very knowledgeable in their blogs, interviews and Telegram channel. They have put in a couple years of work already, and it shows. Ryan John King is Co-Founder and CEO. He has a BA in Economics from UMass and graduated 2013. He obtained Master’s in architecture from Colombia in 2014. He was a private Consultant on urban development and blockchain technology from 2014-2016. Started FOAM project in 2015. Under his name on LinkedIn he says, ” I work between Real Estate, Architecture, Political Economy and Digital Technology.” Kristoffer Josefsson is Co-Founder and CTO. Associate Geometer at Foster+Partners from 2010-2014. Blockchain Geometer from 2015-2017 at BlockApps (BlockApps was the first company incubated out of Consensys in 2015 and continues to lead blockchain technology implementation for enterprise & startups alike.) Ekaterina Zavyalova is Co-Founder and COO. She obtained a Master’s in Architecture from SCIA 2010. She served as project manager/designer for CDR Studio between 2012-16. She has been with FOAM since 2015.. The website says she’s an award-winning architect and a leading industry voice recognized by the American Institute of Architects. Nine other core team members are listed, including two impressive advisors – One from OpenStreetMaps, and the other founded Augur. Other partners include Status, uPort, Dether, OGC and Perkinscoie. This has massive potential. The use cases, including ones the world hasn’t even imagined yet, are endless. Real Estate, Gaming, Supply Chain, etc. can all be improved by using this protocol. Here’s a great blog on Medium that gets into the different possible ways the team sees FOAM being used in the future. But with that potential comes risk. The deck is very stacked against this project before it gets off the ground. Current Ethereum gas prices are too high to make this protocol work. It will be a long time before this problem is fixed. -2 Competition: OpenStreetMap (OSM) is an open source and collaborative mapping project that is free to use and created by millions of participants around the world. OSM is gaining traction on Google, and is currently used by Mapbox, Apple Maps, PokemonGO, Foursquare, and Craigslist among others. However, it cannot work with blockchain. Google remains the ultimate leader. For Google, POI data is not collected but created out of Street View and Satellite View data which allows an unprecedented quality, coverage, and scale that is substantially ahead of any competitor. And then on the blockchain, XYO project is doing similar things, but they are an Oracle network. -1 Storage issues: Storing a worldwide maps worth of data on blockchain is complicated. The team does not have a certain solution yet, but they are going to try IPFS. -1 The project has to scale first, then be successful. This seems like it will be really hard to do. What is going to inspire users to jump on board? -1 They’ve been in the game a couple years, and have an active beta which can be demo’d here. +3 Their Twitter was made in Sept 2016, and they have 7,861 followers.+1 Partnerships with TrustedIotAlliance and Ethereum Enterprise Alliance +3 The two Co-Founders made a very detailed and well thought out whitepaper. They are extremely intelligent and knowledgeable, which they demonstrate in their latest appearance on the “Hashing it Out ” Podcast Episode #15 .+1 “Bitcoin demonstrated how to build decentralized infrastructure, offering people returns for joining and participating in the network. In other words, just as the growth of Bitcoin, Ethereum, and many other blockchains were assisted by crypto-economic incentives, so too is the FOAM protocol assisted by incentives to build out the hardware to provide a decentralized alternative to GPS. Similar to other blockchain mining, Zone operators on the FOAM protocol are in essence providing comparable work to Bitcoin miners” This is a tough one to score. It’s very technical and complicated. The team is smart, legit and well connected. They are also flexible and have plenty of time to find solutions to the problems they face. Even with all that, there’s a good chance this fails. There’s so many hurdles to overcome, like storage and ETH gas prices and speed. It does have massive long-term potential. We score it 6/10. Crowdsale: Sale starts July 31 (30% or 300k of the tokens will be sold) Tokens will only be sold to registered purchasers that intend to use them to curate the network map and contribute to the long-term development of the FOAM protocol. The FOAM Token Sale has been designed as part of the Brooklyn Project Framework and intends to implement certain relevant provisions from the Token Foundry Standards for consumer tokens. The specific details of the FOAM Token Sale are contained in the terms of sale available to registered purchasers prior to purchase. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. 4.1 stars on average, based on 23 rated postsJoshua Larson is also known as the "Bullshit Man" for his ability to spot it a mile away. Avid ICO researcher and contributor. Former professional poker player/backer. Spent 10 years analyzing hand history, stats, and player data. Discovered blockchain in late 2016, and never looked back. He now uses his analysis skills to investigate ICOs full time. What a perfect match, because in today's crazy world of ICOs, information, passion, and diligence = dollar bills! Related Topics:dapp icoDecentralized applocationsfoam tokeninitial coin offeringProof of Locationupcoming icos Leave a Reply Cancel replyYou must be logged in to post a comment. The Money Makers Club now has 6 of 15 available seats. Learn more here! OceanEx is a next gen intelligent digital asset exchange. Based in the VeChainThor ecosystem, it will serve as a trading and an asset management platform. OceanEx deploys cutting-edge AI technologies, providing an actively protected and ultra-liquid market. It will have full-fledged quantitative trading capabilities, and a rich set of investment tools and products to meet the needs of every type of investor. “As the VeChainThor Ecosystem grows, we see ourselves contributing our expertise and devotion and playing a significant role in VeChainThor Ecosystem. OceanEx’s trading service and related offerings will provide a bridge between the crypto world and the physical world for the VeChainThor Ecosystem. This platform is a necessity, not only for VeChains adoption, but the widespread adoption of cryptocurrency in general.” Lightning Fast Trading: Trading engine is capable of processing 1,200,000 orders per second. AI Powered Security: Bank-level SSL secure technology and advanced machine learning algorithms to actively detect attacks and safeguard your assets and transactions. Tailor Made Services: A variety of trading tools (eg. margin trade, conditional order, iceberg order) and investment products (ex. CryptoBentos). Top Industry Resources: Strategic partnerships with VeChain and other industry leaders. Access to top quality digital assets. Global Operating Supports: 24/7 support across all time zones with OceanEx teams located in the U.S., Luxembourg, China and Singapore, The team is currently developing four key features, and promise many more in the future. OceanBrain: AI for Exchange Security. Closely monitors the exchange for suspicious activities. Uses advanced deep learning algorithms to detect patterns of misbehavior in the market. For all the details check out this Medium blog. OceanQuant: Supports quantitative trading through OceanEx’s high frequency trading engine, allowing users to back test and deploy customized trading algorithms on OceanEx. OceanMarket: Gives the option for algo traders/portfolio managers/active community members to take advantage of their influences, publish their strategies in OceanMarket; allows other users to follow and invest in them, and earn commission based on their performance. OceanLab: A project incubator, supports industrial research and product innovations aiming to enhance OceanEx’s edge in the market. For additional details check out this Q&A with the co-founder. Pay for fees such as: transaction fee, withdraw fee, listing fee, algo fund deployment fee, etc. Invitation to OceanEx’s quality community events and meetups. Subscribe to and use professional developed trading tools and investment products such as CryptoBento™ There will be no public round for OCE token issuance. 27.5% of all OceanEX tokens minted will be issued to private and VeChain community round participants for a total of 4,125,000 VeChain tokens raised. 30% of the tokens will be available for the private and community rounds. Community round total 2,062,500 VET (1 VET = 730 OCE ). In all rounds of token issuance, only VET Tokens will be accepted for our Token Issuance. OceanEx will provide a suite of open-source APIs to allow users to develop and deploy trading algorithms. The performance of the algorithms will be tracked publicly, and other users can subscribe to the algorithm with commission fees in the form of OCE The project has four co-founders and a chief architect listed on their site. They look pretty strong with lots of experience in the crypto space. Nan Xiaoning: Co-Founder and CEO. A younger guy with a Master’s from Tsinghua (MIT outlet), 2016. Lead advisor for Vechain Foundation; has been in crypto since 2013. He established the first franchised mining facilities in China. Founder of BitOcean Japan Exchange. Daniel Kelman: Co-Founder and CCO. Also a crypto OG. He’s on the bitcoin general council. A Taiwan lawyer and member of the NY State Bar. Co-Founded BitOcean in 2014. He’s a special advisor to the VeChain Foundation’s Steering Committee. From the web: “After getting Goxxed in 2014 Daniel moved to Japan where he worked pro bono on issues related to the MtGox bankruptcy, including co-founding WizSec to investigate the bitcoin theft. also worked with a Japan counsel to file for civil rehabilitation in 2017–18.” Jiayu Zhou: Co-Founder and CTO. Former research scientist for Samsung. Also interned at Microsoft and IBM. Currently Assistant Professor at MSU, where he’s been working on machine learning theories. Led the research and development of the Distributed Data Vending (DDV) framework on blockchain and co-authored EdgeChain. Wei Wang: Co-Founder and COO. Hard to find info on him. There are man Wei Wangs. Worked for Deloitte, and was AN investment director for Loncin. He Zhu: Chief Architect and Security. Many years as an architect for Cisco working on the company’s orchestration framework where he drove the transition of Cisco cloud orchestrator’s architecture evolution. He has a PhD, wrote a bunch of papers on cloud security and holds many U.S. patents on network and security. There are two advisors listed for this project: Sunny Lu ( CEO of VeChain) and CREA M (a crypto merchant bank). There are already a ton of exchanges, with many more coming in the near future. OceanEx needs to be able to separate themselves somehow. The team is strong, and the features they offer are pretty special. Because VeChainThor has such an enthusiastic community, one tweet created enough hype to get OceanEx in the game. And despite not having a whitepaper or any kind of evidence of work being done, they have sold out the private sale and will probably quickly sell out the community sale. From the website: “Currently, we are a centralized exchange. However, the decentralized exchange model has serious potential in the eyes of every stakeholder we have talked to. Now, what we can confirm is when it happens it will be fully built on and powered by the VeChainThor Blockchain.” -1 No whitepaper yet – one is supposed to be out before Q3 ends. -1 You have to buy “OCE” token with VEN. No other way to buy it. There could be serious price fluctuations with VEN before the token releases onto the markets. -1 Before Bitocean Global started OceanEx, they were a different entity called Bitocean Japan. Here’s the info, make of it what you will. Bitocean Japan was founded in 2014 by Daniel Kelman and Nan Xiaoning (both also co-founders of OceanEx). The website hasn’t been updated since 2014 until recently when they started promoting the OceanEx ICO. -1 Daniel Kelman and everyone at Bitocean Japan lost a lot of money in Mt Gox, so they started Bitocean Japan in 2014. Here’s how they describe themselves. “We are a Bitcoin startup company founded in Tokyo with the support from Bitocean and Atlas ATS. We are working on setting up a new Bitcoin trading platform in Tokyo while at the same time we are contributing to help with MT.GOX’s liquidation/rehabilitation process. The members of BitOcean Japan are all creditors of Mt Gox.” (Bitocean Japan, 2014) Here is their explanation on why they started a new entity. From a Medium post: “…However, this did not come at a cost. Our pledge and our commitments within the Japanese Government became in conflict, and by no request of VeChain, we decided that we would push on despite them. It is for that reason that we have made the decision to push our OceanEx out in to the global market, separately from BitOcean Japan where the entity is still undergoing Japanese regulatory procedures. As the Japanese Government moves forward, BitOcean Global will once again service the Japanese population in force.” OceanEx is closely working with different regulators to provide fiat to crypto exchange services for many major fiat currencies. +2 $11 million hard cap with 30% of the supply circulating. +2 VeChainThor, the #20 ranked coin in crypto, recently tweeted a link to OceanEx. This is a rather large community, and with only 15% of the tokens available for sale, that should create a lot of demand for the token once it hits exchanges. +2 We found no info on CREAM except a teaser promo video for OceanEx. CREAM is an enterprise advisory and investment firm, working to expand OceanEx’s capital reserve, community outreach and brand exposure. +2 The project incubator will be very beneficial to growth. +3 This has short and long-term potential. We give it a 6/10. Community Round: Date TBD (Sept) Price will be 1 VET = 730 OCE. The ICO has only two phases, the private round (already sold out) and the VeChain community round in September. If you are interested in the VeChain community round, fill out the whitelist, then follow on twitter for further announcements. The full version of the white paper, liquidity and investment partners, along with more detailed plans of the new token issuance process will be out in Q3, Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. 4.1 stars on average, based on 23 rated postsJoshua Larson is also known as the "Bullshit Man" for his ability to spot it a mile away. Avid ICO researcher and contributor. Former professional poker player/backer. Spent 10 years analyzing hand history, stats, and player data. Discovered blockchain in late 2016, and never looked back. He now uses his analysis skills to investigate ICOs full time. What a perfect match, because in today's crazy world of ICOs, information, passion, and diligence = dollar bills! The Money Makers Club now has 6 of 15 available seats. Learn more here! DxChain is a big data and machine learning, scalable blockchain with a native protocol token. DxChain aims to solve computation of big data in a decentralized environment. The DxChain network will meet numerous business operation and businesses intelligence needs by enabling users to trade data and create applications. DxChain is designing a specific chain-on-chain structure which will manage the master chain, storage chain, and computation chain to reach consensus and provide the incentive mechanism in a Byzantine environment. 1) Master Chain – Stores information such as transactions, contracts, and receipts 2) Data Chain – file storage system for P2P; also stores the non-assets data 3) Computation Chain – computing tasks on the DxChain virtual machine (DVM) 1) PDC (Provable Data Computation):A new decentralized computing framework introducing Provable Data Computing and verification game 2) Chains-on-chain Architecture: Two side chains along with the master chain (data side chain/computing side chain) 3) Migrate the Hadoop ecosystem to a decentralized environment: Incorporates Hadoop into the DxChain network in order to facilitate big data and machine learning 4) Support business data exchange and analytics: A powerful and flexible DxChain-based system architecture designed to support business data analytics and data exchange requirements 1) Smart City: Machine learning analysis will be available on the dataset in which sensors daily generate and create actionable business intelligence reports to guide business decisions. The DxChain ecosystem developer could leverage it to build their own machine learning apps. 2) Healthcare: Reduce cost for storing data and traffic. Data encrypted and stored in blockchain in a tractable and secure way. Data exchange and sharing are enabled via DxChain’s data model to standardize data. Machine learning will allow healthcare vendors to build their own AI to monitor patients’ health and critical vital signals. 3) AI Model Training: DxChain, and machine learning blockchain could benefit AI vendors in many ways. The DxChain ecosystem developer could leverage them to build their own machine learning Dapps. The DxChain token (DX) is an ERC20 utility token that will be required for certain designed functions on the DxChain network and will be used as the unit of exchange within the network. DX will be used to facilitate the participation in the DxChain network and be used as incentives for contributions to and/or maintenance of the DxChain network. The price will be 1DX = $0.0014 USD during the public sale which is scheduled for August. The team is solid and brings experience and expertise in business, blockchain, finance and marketing – all of which are necessary for the success and completion of this project. The complete list of team and advisors can be found on their website. However, below are a few noteworthy team members and advisors. Allan Zhang: Co-Founder and dxpert in blockchain and network security. Founder of Trustlook and a serial entrepreneur. Taosheng Shi: Blockchain Engineer and former innovation manager and principal system architect at NOKIA; 10+ years experience in distributed system research and development. Wei Wang: Co-founder & Chief Scientist; former Principal Scientist at AT&T research on blockchain technology. Principal Scientist at Hortonworks research on big data and artificial intelligence. Forbes annual China’s Midas List – ranked as one of the leading venture capitalists There is an amazing growth opportunity in the big data market and DxChain aims to capitalize on it. Along with the strength of the team, recent MVP release and growing social media presence, Dxchain is positioning itself to do just that. There are multiple competitors in this space with some being much further along in their development such as SONM and Golem. -1.75 The main network isn’t scheduled for launch until Q4 2019 which could deter some impatient ICO investors in this fast-paced market. -1.5 Their website lists 32 investing partners such as Node Capital, Signum Capital, and PreAngel. DxChain has also established a working partnership with QuarkChain. +4 The DxChain team has done a decent job marketing their ico thus far. Their Twitter and Telegram numbers signify good social engagement which helps attract ICO investors and can build hype if they keep the momentum going. +2.5 Having an MVP or prototype is a significant positive for ICO investors. DxChain recently released a video of their MVP Alpha, Rocky Mountains, which can be viewed here: https://www.youtube.com/watch?v=RvFtJrRrUv8&t= +3.5 With multiple positive factors in place – excellent financial backing, partnerships, MVP and strong team/advisors, DxChain has potential amongst ico investors for a solid ROI. DxChain receives a 6.75 out of 10 rating. YouTube: www.youtube.com/channel/UCNIWZiYjMKVjF1LIY9uIslg Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (1 votes, average: 5.00 out of 5)You need to be a registered member to rate this. 4.6 stars on average, based on 47 rated postsKent Hamilton - ICO Analyst on Hacked and Co-Founder of SpryOne.io - The Money Makers Club now has 6 of 15 available seats. Learn more here! Although some might see apps as a good way to “get rich quick” (a lot of people have an “app idea”), that isn’t always the case. Depending on which part of the world the app is based in, around 2 percent (or less) of app users end up making in-app purchases. This percentage is even worse in developing markets, where consumers may not have the same purchasing power that they do in places like North America. As such, app developers turn to things like advertisements, which unfortunately turn off a lot of users from continuing to use the app. Still, another option is data monetization, or selling user data. For example, things like user preferences and other general behavior can be anonymized and sold to interested parties, such as businesses, who can use the data to improve their products and services offerings. However, data monetization is not ideal, even when data is anonymized to protect users (vs. not anonymized in cases like Cambridge Analytica). The current model makes it so that data is non-transparent and non-auditable for data purchasers and that users have little control over their data and aren’t compensated for providing it. SWIPE aims to revolutionize data monetization with their software development kit (SDK), which will help developers, users, and data buyers: The SDK will have in-app marketing tools that will help developers increase user engagement and retention and ultimately, actionable data, and allow for easy integration of apps and their users to the SWIPE network. And since developers will be selling data to buyers directly, they can earn more since they will be rewarded every time their data is traded vs. once when they sell it to a data marketplace or middleman. Users will be rewarded for sharing their data instead of being left out of the equation as well as be able to opt in or out of data monetization campaigns and control their data sharing and privacy. Data buyers will be able to buy data on SWIPE’s decentralized marketplace (vs. through a centralized data middleman), which will offer data that is logged (data requests, reward distribution) from start to finish and auditable via the blockchain, giving buyers confidence that data is accurate and legitimate. Plus, data will offer complete user profiles (e.g. interests data and transaction data) – vs. data mashed up from various sources by a middleman – so that buyers are able to make better business and marketing decisions using purchased data (e.g. know what users are interested in and how much they’re willing to spend on it). The team behind SWIPE already has experience in apps and data monetization: between their top-rated apps AGILA Rewards and cepatswipe, both of which are advertising-based apps that reward users for engagement (similar to what they want to do with SWIPE), the team has nearly 1m app users. Both apps are Southeast Asia-based (one of the fastest growing regions in the world) and have rave reviews and high user engagement. AGILA Rewards has 10 times more engagement (CTR or click-through rate for advertisements) than typical digital media (less than 2% CTR). Cepatswipe, like AGILA Rewards, is a top-rated app but while reviews may say that an app is good, what’s even more impressive is that 80% of cepatswipe’s users were brought on organically through other users’ referrals, demonstrating the app’s quality. An app developer connects his or her app to SWIPE using the SWIPE SDK. The SDK tracks users’ app activity and generates data based on it. The data is then purchased by a data buyer through the decentralized marketplace. This data is paid for in SWIPE and both users and app developers receive SWIPE for their efforts. Besides data purchases, SWIPE is also used for other aspects of payments, rewards, and staking. Along with buying data, SWIPE can be used to pay for advertising and costs associated with SWIPE missions and marketplace fees. Missions are similar to bounties on SWIPE. For example, a mission owner can create a survey, which is defined via a smart contract (mission length, reward distribution rules, etc). Mission participants who complete the survey mission receive rewards in the form of SWIPE. Mission owners, then, pay for mission rewards and mission listing fees (paid to SWIPE Network). Advertising engagement, data sharing and mission completion are rewarded in SWIPE. To participate in missions, users have to stake SWIPE. Once the mission is completed and the mission length defined in the smart contract passes, staked tokens are returned to mission participants. SWIPE is currently in its private sale phase. Interested investors should contact the SWIPE team. The team behind SWIPE is SwipeRich, a mobile advertising company behind leading, Southeast Asian, advertising-based rewards apps AGILA Rewards and cepatswipe. The userbase of nearly a million (between the two apps) was built up in less than 2 years (first app AGILA Rewards was released in late 2016). Shaun Djie – Djie is the Co-Founder of DigixGlobal, which is actually the first Ethereum DApp, as well as the Founder of the Ethereum Singapore Meetup, the largest meetup of its kind in Asia. Djie’s network should be of great help to SWIPE, which is based in Asia. Megain Widjaja – Widjaja is Chairman of Indonesia’s Alternative Media Group (AMG), the largest digital advertising company in Indonesia. Davy Makimian – Makimian is CEO of Alternative Media Group. Him and Widjaja’s support for SWIPE should say something about the project. SWIPE partners include myphone, the biggest smartphone original equipment manufacturer (OEM) in the Philippines and AMG in Indonesia. Below is a breakdown of the risks and growth potential of SwipeCrypto. SDK sounds promising but no working product (at least not publicly) (-1) Token distribution and token sale details not released (-1) Meaningful and relevant advisors and partners (e.g. Asia-specific, digital media/advertising-specific) (+3) App developers could be enticed to use SWIPE’s SDK for its in-app marketing suite alone given that SwipeRich (SWIPE parent company) has proven experience when it comes to in-app user engagement and retention. Such adoption of the SDK by app developers could have a positive impact on SWIPE’s growth (+2) Though SwipeCrypto has yet to release a working product and token distribution as well as token sale details, their experience building relevant, successful apps and relationships with meaningful and relevant advisors helps tip the scale in their favor. Add to the fact that Southeast Asia is a huge growth market, with only 51% currently using the Internet on a monthly basis (but that number is growing – fast) and Southeast Asians spending more time on mobile than people in any other region, and you might just have to swipe right on this ICO. SwipeCrypto receives a 6/10. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. 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04 May 2019
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