- Rating Report list
POA Network (POA) | Rating: 7/10 | Outlook: Flat
The POA Network is an open source side-chain of the Ethereum blockchain. They offer a framework for smart contracts whereby developers can code on Ethereum standards while leveraging the POA Network. Technologically, the POA network makes use of the Proof-of-Authority consensus mechanism. In this case the validators on the network are required to go through a full KYC process and are mostly public personalities and well known professors at universities. The POA network is also working on the "bridge" solution which will see tokens being moved between the Ethereum mainnet and other blockchains. There have already been a number of Dapps that have been developed on the POA Network. These range from Governance dApps to blockchain explorers and numerous online games. There are also some really important dApps that are currently in development. These include the likes of the Mana-Ethereum as well as the Honey BadgerBFT Consensus. The POA Network completed an ICO in November of 2017 under the name of the “Oracle's network”. They were able to raise a total of $12.6m in exchange for roughly 175 million POA tokens. The POA Network has also partnered with a number of high profile companies and project's in the blockchain ecosystem since their launch. Development on the project has been quite extensive and the Github repository reflects that. This is driven by the large pool of open source developers who contribute to the project. It took quite some time before the POA tokens became publically traded on exchanges. This only commenced on the 28th of February of 2018 and so the tokens missed a great deal of the late 2017 and early 2018 rally. There was a slight uptick in price towards May 2018 but since then, POA has followed the rest of the market down. Over 96% of the volume of POA is traded on the Binance exchange. This means that the project is heavily reliant on volume from Binance.
Monero Rating Update
Monero is continuously expanding its ecosystem and its community has always maintained a high level of activity. Monero is perfecting its own wallet functionality (GUI) - the legal tender exchange / pricing feature - to make it user friendlier. Regarding cooperation, Monero is deepening its docking with the decentralized e-commerce market OpenBazzar.
TokenGazer [KMD] Rating: 3.7, Indicator Trend: Neutral | Updated December 11, 2018
The Komodo blockchain platform is dedicated to providing a fast technological development environment for developers, start-ups, entrepreneurs, etc. who want to build blockchains, and to create a comprehensive and versatile ecosystem. Komodo blockchain’s core technology will improve in terms of security, scalability, interoperability and adaptability, while providing users with guaranteed privacy security. According to TokenGazer's data and figure analysis, KMD's market share is within a reasonable estimate range and KMD’s price has a tendency to exceed the overall market average. Therefore, Komodo project has a certain upward potential, but investors still need to pay close attention to the trend of the overall market.
Waves---a blockchain ecosystem that offers comprehensive and effective blockchain-based tools
Waves is a blockchain ecosystem that offers comprehensive and effective blockchain-based tools Upsides: 1)Started in early 2016, with a first-mover advantage 2)User-friendly products 3)The progress is in consistency with its roadmap 4)Pay sufficient attention to interactions within the communities 5)The project planning is adjusted flexibly in accordance with the situation in the market Downsides: 1)Both the centralized gateway and the opaque custodial address can bring about the risk of centralization 2)The products are not very innovative
WaBi Rating Update
The project program has been integrated to WeChat and supports the purchase of approximately 50 types of milk powder. WaBi has completed the company rebranding, with its parent company Walimai renamed “Techrock”, and the WaBi token referred toas Tael in the program.
Time New Bank Rating Update
The Time New Bank mainnet was officially launched in November 2018. The final mainnet consensus has been confirmed and a small-scale mainnet token swap has been launched on the official website. At the same time, the project has officially landed its first application scenario - Celebrity Time Trading Platform (MiaoA). In summary, TokenInsight's rating for Time New Bank has been upgraded from CCC to B, with a stable outlook.
Tierion Rating Update
The Tierion project is continuously updating the Chainpoint Node with the latest version being 1.5.3. Meanwhile, the project actively seeks cooperation with other companies to promote the use of Chainpoint in various industries. However, the project has not released the 2018-2019 development roadmap, making it impossible to analyze its future development plan.
Skycoin Rating Update
The Skycoin network has been running for several years, and its block browser has been displaying records since 2015. At present, the project focuses on the development of next-generation communication network Skywire, programming language CX, storage system CXO, and the production of Skyminer miner and hardware wallet. The development of the project and the production of hardware have been delayed for many times, and the roadmap is also vague. Nevertheless, the development of its open source code remains active, and updates and progress reports are regularly released.
Polymath Rating Update
In terms of application landing, Polymath has accepted more than 100 tokens' issuance applications, of which more than 40 token projects have been deployed on the platform. In terms of project development, the Polymath platform has launched the version 2.0, providing more pricing strategies and financing approaches for security token offerings. In addition, Polymath provides a portal for developers. In terms of external collaboration, Polymath has enhanced its services to token issuers by partnering with intelligent contract auditor Solidified and Netcoins, which offers OTC services for digital assets. In terms of token economy, the actual locking situation of the native token POL is basically in line with the planned unlocking mechanism. Currently, about 71% of the tokens remain locked.
Po.et Rating Update
The Po.et project officially launched on the Bitcoin mainnet at the end of November 2018. Currently, the existing Po.et users are being migrated from the test network to the mainnet. At the same time, the project side plans to release the Frost source code. All nodes and applications on Po.et use Frost, and after the internal security review is completed, the bounty plan for identifying errors will be implemented to ensure public safety.
NULS Rating Update
NULS is in the phase of development and optimization of new functions following the launch of the mainnet. The project launched the mainnet NULS1.0 on July 2018. Currently, NULS2.0 is under debugging. The first draft was completed on the NIP proposal standard for project governance. The project roadmap is relatively vague and lacks time points that can actually be tested. The current state of the progress is still far from the modular and customized development platform stated in the project promotion.
NEO Rating Update
The mainnet of NEO has been operating for two years, and its ecosystem has developed slowly. Currently, about 80 DApps have been built on the NEO’s mainnet. There is no roadmap presented on the official website, only a plan for Q2-Q4 2018 was released in the progress report in May 2018. There is no clear future progress planning. NeoX, which was planned to be developed in Q4 2018, has no updates in GitHub. As of December 2018, the financial report originally scheduled for Q3 2018 has not been released. In summary, TokenInsight downgraded the rating of NEO from BBB to BB, with a stable outlook.
Holo Rating Update
Holochain is a DApp development platform based on distributed hash table (DHT) and cryptography technology, which can achieve considerable energy saving and scalability. HOT is the Ethereum ERC-20 token issued during the ICO of the Holo community. In the future, it can be exchanged 1:1 for Holo fuel, the base currency of the Holochain. At present, Holochain is still in the internal Alpha testing stage. The open test network has not yet been launched, and the Beta version of the mainnet originally scheduled to be launched in Q4 2018 is delayed until 2019. On the technical level, Holo has completed Holochain's Rust language development and Holo fuel design. In addition, its hardware device, HoloPort, has begun mass production, but its user popularity has not reached the roadmap expectations. In terms of DApps development, less than 10 are currently in the testing phase and more than 20 are in the development phase.
Gifto Rating Update
By now, the project has only completed the Q1 plan of 2018 disclosed in the white paper, leaving a number of tasks proposed in the development plan suspended, including establishing an on- and off-chain hybrid server to realize rapid trading, transferring 30% of Uplive users to Gifto by the end of 2018, and promoting Gifto to be widely used by global content creators. Therefore, TokenInsight downgraded Gifto from BB to B with a stable outlook.
Genesis Vision Rating Update
The short-term objectives are well achieved in terms of development progress. By the end of 2018, the first generation of Genesis Vision (GV) had been largely completed. At present, the GV Blockchain platform has been ready to use, client development has been completed, cooperation with more than 100 market makers has been achieved. But the stock trading market is not mature yet, and the foreign exchange function has not been realized. For the long run, GV has launched an updated white paper and will build its own block network of DAG structure in the future. Due to the limited number of exchanges and managers, integrating the asset management market and reducing trading friction are still long-term goals for. In terms of the asset management scale, the total amount of investment on the GV platform is 67,105.71GVT (about 267,080.73USD), and the total number of investors is 1,862, which is very small compared with that of traditional asset management institutions.
ETHLend Rating Update
In terms of development progress, ETHLend performance is good and the key tasks of the roadmap have been mostly completed. The second version of the Baiji test network has been released, upgrading the functions of the first generation of Kojia versions. It added loan and pledge, built-in wallet function, and improved user experience, optimized fee structure, offered reward for finding vulnerability and encouraged decentralized smart contract audit. In terms of project governance, ETHLend has many times organized votings on new mortgage assets in the community. From the perspective of the token economy, the proportion of the original token, LEND, used as a pledge asset in the platform is high, indicating that the ETHLend economic model is basically reasonable, and the service condition of the token is good. As for the asset management scale, ETHLend’s total borrowing in the second quarter has reached $1.5 million, but it is quite small compared to the $4 trillion in the global loan market. Furthermore, the number of active users is low due to the effect of the encrypted market.
Eidoo Rating Update
In Q2 2018, Eidoo completed and launched a wallet, which can store Bitcoin, and mixed trading functions. The development progress of the wallet storage function is stable. The progress of identity authentication and the DApp module, which were expected to be complete in Q3 or Q4 2018,have not been disclosed, and further verification is required. In addition to the events planned in the roadmap, in September 2018, Eidoo introduced the gold anchored Ekon stable token. It is also noteworthy that Eidoo's profits may be reduced by a decline in crowdfunding projects. In summary, TokenInsight'rating of Eidoo was raised from CC to CCC, with a stable outlook.
District0x Rating Update
District0x is in the development stage. As before, it still maintains a good information disclosure mechanism, within the scope of which are the development progress of the project, the use of the project funds, the salary of the team members etc. However, since the project side plan does not have a clear timeline, it is not possible to determine whether its development is in line with the expectations. At present, there are not many districts, which can be understood as applications, in the District0x network, but in its GitHub discussion area, it can be seen that community members have been proposing projects of new applications. This has a certain positive effect on the healthy development of District0x.
DigixDAO Rating Update
As the first smart contract application on the Ethereum network, DigixDAO was also one of the first projects to propose decentralized governance. However, in terms of actual development, the progress of DigixDAO is relatively slow. The participation of users in governance and voting on the DigixDAO platform has not been fully developed. In terms of smart contract auditing, the smart contract of the project has just been audited by ChainSecurity and no major problems have been found. At present, the project team is still expanding, and it often has new members joining. Overall, the development of DigixDAO is relatively stable.
Decentraland Rating Update
The project has released a succession of components, most of which are related to the project's non-homogeneous LAND token, but the project has not yet entered the "Iron age". The project completed the code library migration of the engine, and a voting tool called Decentraland Agora was released and several ballots were completed. The project recently cooperated with institutions such as Binance, Imtoken, Status, Coingecko, and supported the participation of 8 types of tokens, including BNB, in LAND auctions. The project and Animoca brands have invested in each other with shares/tokens worth about 500,000 USD.