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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)

Ankr Network

Ankr Network

Platforms: site telegram github
Active Pools Min cap Bonus Commission Raised Rating Language Access Created
Last ICO deals

Min cap

-

Bonus

-

Commission

6%

Raised

164 ETH

Active

01.10.2018

No lockup

Finished successfully

04.10.2018

Tokens distributed

12.04.2019

Min cap

2 ETH

Bonus

-

Commission

5%

Raised

500 ETH

Active

16.08.2018

Finished successfully

21.08.2018

Min cap

0.5 ETH

Bonus

-

Commission

5.5%

Raised

71 / 158 ETH

Active

03.10.2018

Finished successfully

08.10.2018

Min cap

0.15 ETH

Bonus

-

Commission

8%

Raised

4 / 206 ETH

Active

18.09.2018

Finished unsuccessfully

19.09.2018

Min cap

0.2 ETH

Bonus

5%

Commission

5%

Raised

100 / 100 ETH

Active

15.06.2018

Finished successfully

30.06.2018

Min cap

0.15 ETH

Bonus

-

Commission

2.5%

Raised

75 / 102 ETH

Active

25.07.2018

The lockup is 6 months for 50% of the tokens and the rest distributed directly after the crowdsale.

Finished successfully

26.07.2018

Min cap

0.15 ETH

Bonus

-

Commission

5%

Raised

54 / 105 ETH

Active

25.07.2018

Finished successfully

31.07.2018

Tokens distributed

06.03.2019

Min cap

0.5 ETH

Bonus

10%

Commission

8%

Raised

288 / 288 ETH

Active

03.06.2018

lockup 6 months.

Finished successfully

04.06.2018

Min cap

0.15 ETH

Bonus

-

Commission

4%

Raised

150 / 150 ETH

Active

26.07.2018

Finished successfully

28.07.2018

Min cap

0.15 ETH

Bonus

-

Commission

4%

Raised

No data / 119 ETH

Active

03.08.2018

Finished unsuccessfully

08.08.2018

Min cap

0.25 ETH

Bonus

-

Commission

5%

Raised

50 / 174 ETH

Active

24.07.2018

Finished successfully

31.07.2018

Min cap

0.25 ETH

Bonus

-

Commission

5%

Raised

140 / 140 ETH

Active

24.07.2018

Finished successfully

31.07.2018

Min cap

0.25 ETH

Bonus

25%

Commission

3%

Raised

103 / 103 ETH

Active

02.06.2018

25 discount 6 months all tokens lock-up

Finished successfully

03.06.2018

Analytics

Category: Cloud Computing                                                                      Country of incorporation: USA   Date: 12.09.2018

 

 

 

INTRO

Ankr Network - is a multi-chain and useful work based decentralized network with a native data feed. Distributed Cloud Computing on Trusted Hardware. 

 

 

 

TOKENOMICS

Metrics

Private Sale: May-June

ICO Time: September

Token: ANKR

Token type: ERC20

Hard cap: $17,8M

Price: $ 0,66 (Public Sale)

Minimum investment: no data

Discount: up to 50%

Bounty: no

Accepting: ETH

Сan't participate: US and China

 

NOTE:

  • Discount is too big (optimal is up to 30%).
  • Hard cap is too big for the current market, but 81% of it is already raised from institutional investors.

 

 

Tokens distribution

Token distribution:

20% - Team & Advisors

5% - Marketing

30% - Private Pre-Sale

5% - Public Sale

40% - Mining and Community

 

Crowdsale funds distribution:

no data

 

NOTE:

  • Allocation for Team and Advisors is too big (optimal is up to 10% for the Team and up to 5-7% for Advisors).

 

Protective measures against the tokens depreciation

During Private Pre-Sale, one could subscribe to both locked tokens and unlocked tokens. During Public Sale for purchase will be available only unlocked tokens.

Locked/Unlocked Token in Private Pre-Sale:

  • 60% unlocked (~110 investors across the globe subscribed to unlocked tokens)
  • 40% locked for 6 month (~70 strategic partners across the globe subscribed to 6-month locked tokens)

 

NOTE:

  • There is no information about lockups for Team and Advisors; Mining and Community; Marketing allocations.
  • Only ~150 (why not ~180 from numbers above?) investors have participated in the pre-sale (raised 14,5M). And only 40 of them subscribed for locked tokens.
  • There is a high risk dump, once in circulation will be 23% of issued tokens, of these 23% (78.26% to presale tokens with a bonus of 25% to 50%).

 

 

PRODUCT

The relevance of market problems solved by the project

Ankr strives to build a resource efficient blockchain framework that truly enables Distributed Cloud Computing (DCC) and provides user-friendly infrastructure for business applications.

 

Some of the issues they seek to resolve includes:

  • Waste of power consumption using PoW consensus
  • Lack of trusted oracle services that connect existing business to the blockchain
  • Scalability issues such as low Transaction per Second (TPS) and overcrowded blockchains

 

Mass adoption of trusted hardware not only brings opportunities to cloud security but also a distributed computing platform. With every 6th-generation CPU equipped with SGX instruction, Intel-SGX currently has over 65% market penetration

 

 

 

The description of key products and project technology

Ankr's innovations include:

  • Proof of Useful Work (PoUW) Consensus Protocol
  • Distributed Cloud Computing (DCC) Platform
  • Seamless interface of oracle service
  • Multi-chain structure supporting consortiums

 

The Proof of Useful Work (PoUW) consensus enables a self-sustainable blockchain framework. Instead of wasting electricity and computing power on hashes like Bitcoin does, PoUW uses these resources towards useful work tasks provided by enterprises and consumers.

 

The protocol runs on SGX-enabled CPUs with remote attestation to ensure security and confidentiality.

 

The integrated Oracle Service provides authenticated data feed by leveraging both cryptographic primitives and the trusted execution environment (TEE).

 

The Multi-chain Plasma implementation allows different applications to handle application-specific smart contracts on individual side chains, preventing transactions from overloading the PoUW-based main chain.

 

 

 

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

The roadmap provides some major milestones of the project development without deep technical details.

 

No MVP was available. The project’s roadmap says that a prototype is to due be released in July 2018.

Activity on GitHub  is medium. Updated 2 days ago.

 

 

The importance of blockchain in the project

A decentralized cloud computing platform incorporate a blockchain-based payment, system, which can allow for direct payment among operators (requesters), sellers (suppliers) and software developers.

 

DCC represents a superior method of rapidly processing massive amounts of data. This solution proposes to use more hardware in exchange for processing time, which requires distributing data on multiple computers and processing them simultaneously (in parallel).

 

Grid computing is the collection of computer resources from multiple locations to reach a common goal.

 

The new foundation of app building will rely on decentralizing micro-services and synchronizing the delivery of small tasks after execution.

 

 

 

TEAM AND PARTNERS

Experience and the team achievements

The team consists of 12 employees (11 can be found on the Linkedin), who are experienced in blockchain development, engineering, software development, business development, marketing and design. However, the team is very young (with the exception of 2 employees)

 

Chandler Song, Co-Founder & CEO - CTO (5 mths) at CitySpade Inc (next-generation brokerage firm founded in 2015, 40 employees, 215 followers in Linkedin) / Software Engineer (5 mths) at Amazon. In 2017!!! He graduated from University of California, Berkeley (Bachelor of Science (BS), Electrical Engineering & Computer Science).

 

Stanley Wu, Co-Founder & CTO - Senior Software Engineer and Tech Lead (10 yrs) at Amazon

Ryan Fang, Co-Founder & COO - In 2018!!! he graduated from University of California, Berkeley (Business Administration, Statistics)

 

Song Liu, Chief Security Engineer - Principal Software Engineer (2 yrs, 5 mths) at Gigamon (computer network equipment, 20.4k followers in Linkedin)

 

Yan Hiu, System Architect - Principal Software Engineer (6 yrs, 8 mths) at Gigamon (computer network equipment, 20.4k followers in Linkedin)

 

Quanlai Li, Blockchain Engineer - software engineer at Uber since July, 2017

 

Hanping Lin, Blockchain Engineer - Advisory System Service Representative (4 yrs, 7 mths) at IBM

 

Stephen Liu, Blockchain Researcher - In 2017!!! he graduated from University of Science and Technology of China (Bachelor of Engineering - BE, information security)

 

Rahim Noorani, Business Development - Proprietary Research Intern (9 mths) at Light Street Capital (no data) / Undergraduate Course Instructor (12 mths) at University of California, Berkeley, Haas School of Business.

 

+3 employees

 

 

Advisory board

Advisers board consists of 4 experts in the field of computing,  software development, jurisprudence and marketing.

David P. Anderson, Technical Advisor - In 2002 he created the Berkeley Open Infrastructure for Network Computing project, which develops an open-source software platform for volunteer computing. In 2007 Anderson launched two new software projects: Bossa (middleware for distributed thinking), and Bolt (a framework for web-based training and education in the context of volunteer computing and distributed thinking).

 

Jiangang Zhang, Technical Advisor - Founder, CEO/CTO PDX Technologies, Inc (a public blockchain ecosystem) / .  Principal Engineer (director level, 1 yr) at CISCO / Distinguished Architect, Director level (4 yrs,1 mth) at Yahoo!

 

Ramsey Hanna, Legal Advisor - Attorney (11 yrs, 4 mths) at Reed Smith LLP ( 24.5k followers in Linkedin).


Christel Quek, Marketing Advisor - Co-Founder of BOLT, Advisor to Zilliqa & Switcheo

 

 

Strategic partners

CitySpade  is a next-generation brokerage firm founded in 2015. Based in New York City, CitySpade consists of a group of energetic millennials who share the same passion for improving people's urban living.

Blockchain at Berkeley  is a university-based eco-system for blockchain (114 employees, 2.1k followers)

DoraHacks -  Over 3 years, DoraHacks has organized more than 100 hackathons nation-wide in China, worked with top Chinese universities and enterprises along the way, connected more than 3000 hackers and solved more than  200+ industry-level tech problems.

 

 

Large investors and investment funds

NEO Global Capital , JLabs , Danhua Capital, OK Blockchain Capital, LinkVC , TLDR Capital, Node Capital

MW PARTNERS, Dynamic fintech group, GBIC, BlockVC, Kosmos, PANTERA, Alphacoin Fund, Nirvana Capital, SCapital, Node Capital, Uphonest capital, XFintech.

$14,5 mln raised during Private Sale.

 

The number of funds raised through pools became high. By this date 9 pools were performed (5 of them was completely filled their allocations), 910 ETH collected, avg. discount is 33,3% / 16,7% (3,95% of the Hard cap, if take May ETH peg. ~$630).


Only ~150 investors have participated in the pre-sale. And only 40 of them subscribed for locked tokens.

 

 

MARKET

Competitive environment

There are indeed existing cloud solutions, but Ankr is the first one to leverage both blockchain and trusted hardware

 

 There are both large centralized players AZURE, Google Cloud, and projects with blockchain - Golem, SONM, iExec, Hypernet, DeepCloud on the market of cloud computing..

The competitors’ indicators are as follows:

  • 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, DeepCloud are at the stage of preparation to ICO

 

 

The project advantages

  • Resource-efficient mining scheme based on Proof of Useful Work
  • Scalable Blockchain framework through Plasma sidechains and sharding
  • TEE (Trusted Execution Environment)  provides higher security and isolated executions for the blockchain.
  • great advisors,
  • reasonable hard cap
  • a strong panel of strategic investors
  • the use of widespread hardware Intel SGX

 

 

 

SOCIAL ACTIVITY

The project popularity in the social networks and discussion forums

The project is detected on the radar of the next influencers: Lendex, DiddyCarter, Mandy, ICO Drops, Ian Balina, MMCrypto, Sergio, ICO Pantera,  CrushCrypto, Coin Blog, Picolo Research, InCodeWeTrust, OhHeyMatty, Crypto Calibur, Shin Chan.

 

Telegram: 54.4k members, admins on the Telegram-channel are responding quickly, user activity is high.

Medium: 19 followers, no posts.

Linkedin: 192 followers.

 

 

RISK ASSESSMENT

Pros:

  1. Project is well-known in the crypto community;
  2. Project uses Plasma side-chains to eliminate network congestion;
  3. Stable and energy-effective own consensus mechanizm (Proof-of-Useful Work);
  4. Oracles (ability to transfer information from sites to smart contracts with use of API);
  5. Support of the Neo Global Capital;

Cons:

  1. Many team members doesn’t have large experience in IT area (but project has a strong advisers from blockchain projects PDX, Zilliqa, and Switcheo);
  2. Idea is not uniq - project will operate in the highly competitive environment (Microsoft Azure, Amazon AWS, Google Cloud, etc.) and this will slow down integration to the masses;
  3. Project will use Intel SGX processors to provide stability of the work for end users, but at the same time this will limit distribution of nodes and will affect negatively decentralization of the network.

 

CONCLUSION: Project has a good technological base with strong team of engineers (although many of them are very young) and advisors, who have years of experience in the blockchain development. During the Pre-Sale project has already raised $14,5M. At the same time project was re-scored because 60% of the token supply doesn’t have a lockup, while project has up to 50% discount (this factor make chances of token price dumps higher in the future).

 

 

Fraud risk - low. Community interest - very high. 

Product - 7.6
Team and partners - 8.5
Market - 7.5
Average score - 7.6

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)