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Akash Network

Akash Network

Active Pools Min cap Bonus Commission Raised Rating Language Access Created
Last ICO deals

Min cap

-

Bonus

30%

Commission

-

Raised

No data

Active

08.06.2018

Finished unsuccessfully

22.07.2018

Min cap

0.1 ETH

Bonus

43%

Commission

3.5%

Raised

13 / 150 ETH

Active

23.05.2018

Tokens will be received one-sixth per month, in 6 months (starting from mid July)

Finished unsuccessfully

24.05.2018

Min cap

-

Bonus

43%

Commission

-

Raised

42 / 42 ETH

Active

24.05.2018

Distribution manually, 50% after 3 months, 50% after 6 months

Finished successfully

31.05.2018

Min cap

0.15 ETH

Bonus

-

Commission

2.5%

Raised

No data / 250 ETH

Active

23.05.2018

Token release date est July 15th

Finished unsuccessfully

24.05.2018

Analytics

Category: Cloud Computing                                                                                           Country: USA      Date: June 21, 2018

 

INTRO

Akash Network - is an open, decentralized marketplace and deployment platform for cloud compute.

 

 

TOKENOMICS

Metrics:

  • Token Sale starts: 15 JULY, 2018
  • Bonus for the First: FOR PRE-SALE  (up to 30%)
  • Ticker: AKSH
  • Token type: ERC20
  • ICO Token Price: 1 AKSH = $0.0548 (0.00010345 ETH)
  • Hard Cap: $20M
  • Total Tokens: 1,000,000,000
  • Available for Token Sale: 40%
  • Whitelist: YES (SINCE 12 APR, JOIN)
  • Сan't participate: CUBA, IRAN, NORTH KOREA, SUDAN, SYRIA, USA

 

Tokens distribution

  • Token distribution:
  • 40% Investors
  • 30% Rewards
  • 20% Team
  • 10% Reserve

100% of funds raised will be used to launch the Akash network, build services, and market Akash to the world http://prntscr.com/jzh8od

 

Protective measures against the tokens depreciation

All Investors will vest over 6 months (w/ no lockup). Advisors will vest over 12 months (w/ no lockup).

Team members and early equity investors will vest over 24 months with a one-year lockup. - http://prntscr.com/jzh8od

 

 

 

PRODUCT

The relevance of market problems solved by the project

The Akash Network addresses the problem of cloud centralization in two ways. First, open marketplace incentivizes new compute providers to enter the cloud infrastructure market, unlocking unused capacity across the world and offering it to consumers at a price befitting its commoditized nature. Second, deployment platform enables PaaS-like management of globally-distributed container workloads.

 

The description of key products and project technology

Akash is, first and foremost, a platform that allows clients to procure resources from providers. This is enabled by a blockchain-powered distributed exchange where clients post their desired resources for providers to bid on. The currency of this marketplace is a digital token, the Akash (AKASH), whose ledger is stored on a blockchain.

 

Providers and tenants interact with each of Akash’s three major functional components:

  • Marketplace. Blockchain-based compute auction
  • Mirror.Peer-to-peer sharing of workload and config
  • Overlay. Secure inter-workload communication channels

Akash is a cloud platform for real-world applications. To support running workloads on procured resources, Akash includes a peer-to-peer protocol for distributing workloads and deployment configuration to and between a client’s providers.

 

Workloads in Akash are defined as Docker containers. Docker containers allow for highly-isolated and configurable execution environments, and are already part of many cloud-based deployments today.

 

Containers are the successor to virtualization as an efficient mechanism for utilizing infrastructure. Akash, along with the rest of the DevOps community, embraces container-based deployment for flexible, dynamic infrastructure.

 

All Akash workloads are isolated in Linux containers pulled from a tenant’s public or private registry.

 

 

The stage progress and milestones of the project development (Roadmap)

Marketplace prototype was released  in April 2018.

Activity on GitHub is medium. Latest commit 2 days ago

 

Key milestones of the road map:

  • June 2018 - Deployment prototype release
  • July 2018 - P2P filesharing prototype release
  • August 2018 - Overlay Network prototype release
  • September 2018 - Testnet launch
  • Later Q3 2018 - Mainnet launch, Akash token available on exchange(s)
  • Q1 2019 - Launch of container-native PaaS
  • Globally-distributed provider supply
  • Q2 2019 - Launch of storage-only offering
  • Q3 2019 - Launch of Machine Learning support
  • Q1 2020 - Launch of near-edge compute support

 

The importance of blockchain in the project

Blockchain is at the core of Akash’s technology. All marketplace transactions and adverse events are publicly available on Akash’s native blockchain.

 

This open system replaces blind trust in a single provider and provides actors in a trustless system with evidence-based assurance of safety and quality. Peer-to-peer blockchain-based payments are also a necessary element of the peer-to-peer relationship established between tenant and provider, and eliminate dependence on an intermediary incented to extract maximum revenue from the system. Finally, the decentralized nature of a blockchain enables Akash’s procurement and settlement to be fault tolerant, as there is no single point of failure.

 

The foundational design objective of the Akash Network is to maintain a low barrier to entry for providers while at the same time ensuring that clients can trust the resources that the platform offers them. To achieve this, the system requires a publicly-verifiable record of transactions within the network.

To that end, the Akash Network is implemented using blockchain technologies as a means of achieving consensus on the veracity of a distributed database.

 

 

 

TEAM AND PARTNERS

Experience and the team achievements

The team consists of 5 software developers and blockchain developers, including two co-founders. Employees who have experience in finance, design, community management are not indicated.

 

Akash’s CEO Greg Osuri began his career at IBM and later designed Kaiser Permanente’s first cloud architecture.

After these roles, he co-founded AngelHack, which is now one of the world’s largest hackathon organizations. Greg is an active open-source contributor, and his libraries have been downloaded more than 25 million times.


Akash’s CTO, Adam Bozanich, boasts previous endeavors that include the music monetization platform Topspin, which was acquired by Apple in 2014 following an initial acquisition by Beats. Before joining Topspin, Adam was a developer at Xoopit, an email company that facilitated inbox management and photo sharing. Xoopit was acquired by Yahoo in 2009.

 

 

Advisory board

Advisory board consists of 5 experts in the field of blockchain technology, business development and investing. But the participation of the advisers in the project is not confirmed

 

Jaron Lukasiewicz - Former CEO of Coinsetter (4 yrs, sold to Kraken) / CEO Autonomos Capital (1 yr)

Auren Hoffman - Frm. CEO of LiveRamp (9 yrs, 6 mths) / Frm. Co-founder of BrightRoll (1 yr, 8 mths)

Steven Fan - Head of Investments, Tencent (2 yrs, 6 mths) / VP Corporate Development Yahoo! (6 yrs, 6 mths)

Charles Songhurst - Frm. Head of Global Strategy, Microsoft (4 yrs) / Board Member Proteus Digital Health, Inc (4 yrs, 10 mths)

Brandon Goldman  - Frm. Founder, Freshpay (2 yrs, 8 mths) / Frm. Lead Software Architect, Blockfolio (7 mths)

 

Strategic partners

Project partners are not found. The question was sent to Greg Osuri CEO and Adam Bozanich CTO

 

Large investors and investment funds

CrunchFund, Hone Capital, Auren Hoffman, and founders of LiveRamp and Life360

At the Seed Round raised $1.3M from Hone Capital, CrunchFund, Nautilus Ventures and 7 large investors

 

 

 

MARKET

Competitive environment

In April 2018, the research company Gartner published the results of the analysis of the world market of cloud computing. Last year the total expenses of companies for public cloud services increased to $153,5 billion (on 30%) as compared to $118 billion in 2016.

 

By 2020, cloud infrastructure providers will account for 53% of global internet traffic (Cisco 2016), out of which Amazon, Google, and Microsoft will deliver 80% of the payload (Forrester 2017)

 

There are both large centralized players and projects with blockchain:

  • Golem - capitalization - $480M, from the date of exchange entering the GNT price increased 38 times
  • SONM – in the course of ICO $42M  was raised, capitalization - $69 M, ROI USD - 1,23x
  • iExec RLC - capitalization - $125M, from the date of exchange entering the RLC price increased 5,6 times
  • Elastic - capitalization - $22,1M, from the date of exchange entering the XEL price dropped 3,25 times
  • Hypernet – is at the stage of preparation to ICO
  • DFINITY, 0chain

 

The project advantages

Akash’s container-native approach offers significant advantages over other distributed infrastructure approaches that join disparate resources via a single blockchain-based virtual machine. Applications need not be re-architected to run on blockchain because they’re run in industry-standard containers and performance does not suffer as more processes are run on the network.

 

The Akash Network is fundamentally different because it uses generic compute resources to host Docker containers in which any cloud workload can run. Any workload that can run in containers on AWS, GCP, Azure, or your own hardware can be run on Akash without rewriting it to run on a supercomputer.

 

Akash also differs in that users have access to block storage on the servers running its containers. The Grid Projects either only offer compute with no storage at all or object storage – useful for storing large amounts of unstructured data but not for applications or databases.

 

Akash’s blockchain marketplace also provides a significant price advantage because each workload is bid on by all providers willing and capable to host it.  This auction process is visible to all and the resulting competition will provide downward pressure on prices charged by all providers.

 

 

 

SOCIAL ACTIVITY

The project popularity in the social networks and discussion forums

  • Telegram: 4.7k members, user activity is medium
  • Facebook: 382 followers, average number of likes per post is 2, average number of sharing ings per post is 1.
  • Twitter: 330 readers, average number of likes on one tweet is 5, average number of retweets per post is 3

The project was not detected on the radar of influencers.

 

 

Fraud risk - low. Community interest - low. 

Product - 7.3
Team and partners - 6.3
Market - 7.7
Average score - 6.7

DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)