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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)

ChromaWay

ChromaWay

Active Pools Min cap Bonus Commission Raised Rating Language Access Created

Активный Пул

Min cap

0.15 ETH

Bonus

-

Commission

3.5%

Raised

1 / 52 ETH

251

Rating

5

Language

EN

Access

Created

05.04.18

Last ICO deals

Min cap

-

Bonus

-

Commission

3.5%

Raised

1000 / 1000 ETH

Active

10.08.2018

Finished successfully

24.08.2018

Min cap

-

Bonus

-

Commission

2%

Raised

68 / 500 ETH

Active

24.08.2018

Finished successfully

26.08.2018

Min cap

0.5 ETH

Bonus

-

Commission

5%

Raised

105 / 105 ETH

Active

01.09.2018

Finished successfully

08.09.2018

Min cap

0.15 ETH

Bonus

-

Commission

3.5%

Raised

39 / 103 ETH

Active

23.08.2018

vesting: 40% upfront, 60% over next 6 months (TGE/first batch expected in October)

Finished successfully

23.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

3.5%

Raised

14 / 14 ETH

Active

24.08.2018

Finished successfully

25.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

3.5%

Raised

13 / 51 ETH

Active

19.10.2018

vesting: 40% upfront, 60% over next 6 months (TGE/first batch expected in October)

Finished successfully

24.10.2018

Min cap

0.2 ETH

Bonus

-

Commission

3.5%

Raised

265 / 265 ETH

Active

24.08.2018

Finished successfully

26.08.2018

Min cap

0.2 ETH

Bonus

-

Commission

3.5%

Raised

155 / 155 ETH

Active

26.08.2018

Finished successfully

28.08.2018

Min cap

0.2 ETH

Bonus

-

Commission

3.5%

Raised

44 / 123 ETH

Active

28.08.2018

token release: 40% at TGE, then 10% per month for 6 months (total 7 batches)

Finished unsuccessfully

29.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

-

Raised

No data / 25 ETH

Active

26.08.2018

Finished successfully

26.09.2018

Min cap

0.5 ETH

Bonus

-

Commission

3%

Raised

No data / 100 ETH

Active

28.08.2018

Finished unsuccessfully

28.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

2.5%

Raised

102 / 102 ETH

Active

10.08.2018

Finished successfully

15.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

2.5%

Raised

39 / 102 ETH

Active

15.08.2018

Finished successfully

16.08.2018

Min cap

0.1 ETH

Bonus

-

Commission

6%

Raised

100 / 100 ETH

Active

19.08.2018

Finished successfully

22.08.2018

Min cap

-

Bonus

-

Commission

4%

Raised

No data

Active

31.08.2018

Finished successfully

31.08.2018

Min cap

0.5 ETH

Bonus

-

Commission

5%

Raised

No data / 160 ETH

Active

22.08.2018

40% with crowdsale, then 10% monthly

Finished successfully

23.08.2018

Min cap

-

Bonus

-

Commission

2%

Raised

47 ETH

Active

29.08.2018

-40% of tokens prior to exchange listing -10% every month after

Finished successfully

30.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

2.5%

Raised

0 / 102 ETH

Active

27.08.2018

Lock up 40% upon listing, 60% linear over 6 months.

Finished unsuccessfully

30.08.2018

Min cap

0.1 ETH

Bonus

-

Commission

6%

Raised

51 / 51 ETH

Active

19.08.2018

Finished successfully

20.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

1.5%

Raised

192 / 192 ETH

Active

23.08.2018

Finished successfully

24.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

1.5%

Raised

30 / 100 ETH

Active

24.08.2018

Finished successfully

28.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

0.5%

Raised

36 / 301 ETH

Active

22.09.2018

Finished successfully

01.10.2018

Min cap

0.1 ETH

Bonus

-

Commission

0.5%

Raised

150 / 150 ETH

Active

10.08.2018

Finished successfully

13.08.2018

Min cap

1 ETH

Bonus

-

Commission

2.5%

Raised

10 / 201 ETH

Active

13.08.2018

Lockup: 60% of the Tokens will be freely accessible after the Launch. Every month afterwards, 1/6 will be released.

Finished successfully

15.08.2018

Min cap

1 ETH

Bonus

-

Commission

2.5%

Raised

100 / 400 ETH

Active

23.08.2018

Finished successfully

25.08.2018

Min cap

0.15 ETH

Bonus

-

Commission

2.5%

Raised

301 / 301 ETH

Active

25.08.2018

Finished successfully

02.09.2018

Min cap

-

Bonus

-

Commission

2.5%

Raised

No data / 500 ETH

Active

05.10.2018

For contribution DM @Sand_Tiger

Finished successfully

10.10.2018

Min cap

0.5 ETH

Bonus

-

Commission

-

Raised

No data / 50 ETH

Active

25.08.2018

Finished successfully

25.08.2018

Analytics

Category: Blockchain                                                                      Country: Estonia  Date: August 28, 2018

 

 

INTRO

Chromapolis is a consortium database (hybrid between relational databases and blockchains).

 

NOTE:

  • ChromaWay is a blockchain developers company.
  • The project is in the stealth mode and there is a conflicting information about it. Main site does not represent what is the product for which team is raising funds. There is a section for a Postchain. According to the Blue paper on the site, Postchain is a main product of the ChromaWay. According to the presentation video, team is building Chromapolis (but there is no information about this product on the main site). Also, Postchain in one place called SQL-based private blockchain and in other place relational programming model of the Chromapolis;
  • New site of the Chromapolis soon will be live;

 

 

TOKENOMICS

Metrics

Private Sale: July- August 2018 (no exact dates)

ICO Time: No crowdsale

Token: CHROMA

Token type: ERC20 → Own specification

Hard cap (not official): $15 M

Price: 0.11$/CHROMA

Minimum investment: 0,15 ETH

Bonus: up to 35%

Bounty: no

Accepting: ETH

Сan't participate: No data

NOTE:

There is a scandalous information about huge secret allocation ($ 2,5M) for Ian Balina.

 

Token distribution

Token distribution:

15% Investor pre-sale (private sale)

10% Team (inc. Advisers)

40% ChromaWay reserve

30% Airdrop

2% Core node compensation

3% Marketing contract

 

Crowdsale funds distribution:

30% of all tokens will be distributed for promotional uses (at a rate of no more than 1% per month) 

 

NOTE:

  • 55% allocation for the team (ChromaWay reserve + core nodes + marketing contract) is too big;
  • Allocation for token sale is too small;

 

Protective measures against the tokens depreciation

 

TGE is scheduled to take place in Q4 this year.

 

According to the not official information, from the ChromaWay allocation 15% of all tokens will be sold to partners. The rest of the ChromaWay tokens, up to 22%, will be unlocked during the first year after launch, then up to 12% per year.

 

Vesting: "Starting from the Launch, the Investor has the right to freely access and transfer 60% of the Tokens. 40% of the Tokens will be unlocked in instalments within 6 (six) months period whereby the Smart Contract will unlock 1/6 (one sixth) of the 40% Tokens per month starting from the Launch. After unlocking, the Investor has the right to freely access and transfer the unlocked Tokens to any third person."

 

Team token will be frozen initially and will have phased release.

 

NOTE:

  • It’s not clear is the ChromaWay allocation and the ChromaWay reserve are the same thing.

 

 

PRODUCT

The relevance of market problems solved by the project

Blockchains offer a very primitive data architecture, especially compared with traditional database systems that offer a sophisticated set of features for working with data that have been refined over many years of development.

 

The description of key products and project technology

To solve this, ChromaWay is building Chromapolis - the consortium database, which combines the power and flexibility of traditional database systems with the secure collaboration and disruptive potential of the blockchains. It is open-source and works together with the best existing relational database management systems. Chromapolis enables a blockchain solution to be implemented by an SQL developer. There is no need for developers with specialized blockchain experience.

 

Chromapolis is designed to be DBMS agnostic and to work with the most widely used enterprise systems on the market.

 

All modifications to the state of the consortium database are recorded as a sequence of authenticated and deterministic transactions in a blockchain-like data structure. The block data is recorded in the database, meaning that the state of the blockchain and the state of the database can never diverge.

 

On a fast network, with standard Google cloud servers currently Chromapolis can validate 160 transactions per second, each one signed by two parties. This number can be estimated to scale up to 500-1000 transactions per second, with optimizations and matching hardware.

 

Team sees as a target market for the product – game industry.

 

Key platform features:

  • Relational programming model with powerful query capability (Postchain);
  • Decentralized application engine with high I/O throughput;
  • No transaction fees;
  • Separate blockchain for each application (sharding);
  • Inter-blockchain asset transfer (sidechains) – good for integration games into each other;
  • Hybrid consensus (BFT + PoS + anchoring);
  • New safe DAPP programming language (Rell);
  • Upgradeable smart contracts.

 

Utility of the Chroma token (CHR):

  • Incentive to drive consensus;
  • Provisions dapps;
  • Remunerates developers;
  • Exchanging between dapps enables multiverse of games;
  • Dapp users can crowdsource new dapps;
  • Enables free gaming models by liberating developers to design their own economic structures for dapps.

 

NOTE:

According to the not official information, the service providers are initially selected by an entity created by ChromaWay, so the platform won’t be completely decentralized.

 

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

The Roadmap provides good technical overview on the development.

 

On the Github development is going for a long time. In last months development is not so active, as nearly 8 months ago.


No MVP and testnet (the will be available before TGE). ChromeWay defines MVP as the mainnet.

 

The importance of blockchain in the project

Blockchain will be used as a core component of the platform to perform, track and store transactions on the network.

 

 

TEAM AND PARTNERS

Experience and the team achievements

The team consists of members, who already built (as ChromaWay) many blockchain projects. Team members are experienced in blockchain development, engineering, business development in the tech field, marketing, and finance.

 

Henrik Hjelte, Co-Founder & CEO - With over 16 years in Engineering experience (4 yrs 1 mth in ChromaWay). Senior Consultant at VPD Financial Software Consulting (5 yrs) / Consultant at SIX Telekurs (1 yrs 4 mths) / Founder & CEO at stix to (11 yrs 3 mths).

 

Or Perelman, COO - With over 11 years in Marketing experience. Co-Founder at Safebit Bitcoin (1 yrs) / CMO at bitBlu (5 mths) / Co-Founder at Coloredcoins (2 yrs 1 mths).

 

Alex Mizrahi, CTO & Co-Founder - With over 18 years in Engineering experience (5 yrs 3 mth in ChromaWay). Software Developer at Indirect3D (5 yrs) / Software Developer at stix to (5 yrs 2 mths).


Other technical team members: Riccardo Sibani, Augustus Botsford, Jörgen Modin.

 

Advisory board

Advisers board consists of members with experience in blockchain developing, business development in the blockchain field, engineering, business development in the tech field, and finance.

 

Confirmed:

Correy Voo - With over 24 years in Engineering experience. Senior Systems Consultant → CTO at BT Global Financial Services (14 yrs) / Global Head  of Architecture at Bank of America (3 yrs 2 mths) / CTO at UBS (3 yrs 1 mths). But he is working on many projects at the same time.

 

Brad Perry – With over 35 years in Investing experience. Executive at Brad Peery Capital (35 yrs) / Financial Advisor at AppTech (2 yrs).

 

Charlie Lee – Founder of the Litecoin. With over 6 years in Blockchain Development experience. Engineering manager & Director of Engineering at Coinbase (4 yrs 1 mths) / Software Engineer at Google (5 yrs 11 mths).

 

Vinny Lingham – Founder of the Civic. With over 18 years in Marketing experience. Co-Founder & CEO at Gyft (4 yrs) / Board Member at The Bitcoin Foundation (2 yrs 8 mths).

 

Richard G Brown - CTO at R3 (3 yrs). With over 18 years in Engineering experience. Software Engineer → Executive Architect at IBM (15 yrs).

 

Rain Lõhmus - With over 27 years in Finance experience. Vice Chairman at Hansabank (8 yrs) / Member of Supervisory Board at Starman AS (8 yrs) / Chairman at LHV Group (10 yrs 8 mths).


Not confirmed member: Ryan J. Orr - With over 21 year in Engineering experience. Co-Founder & CEO at Chronicled (4 yrs 1 mths) / Associate Consulting Professor at Stanford University (10 yrs) / CEO & Chairman at Zanbato (4 yrs).

 

Strategic partners

Confirmed: Fintech.Hub, Sup46, Government of the Andhra Pradesh, Stockholm Green Digital Finance, UBITQUITYTech Mahindra, Sweden’s Land Registry.

 

NOTE:

  • Some of this partnerships could be made not in connection to the Chromapolis (open sources does not provide detailed information on deals);
  • If project want to work in the game industry it would be better if the team signed partnerships with game companies.

 

Large investors and investment funds

There is no information about investments from large investors.

 

From 20 to 25 Aug 1,000 ETH has been confirmed lost from scams in Chromaway OTC deals.

 

The number of funds raised through pools became high. By this date 18 pools were performed (8 still active), 2228 ETH collected (4,3% of the Hardcap).

 

 

MARKET

Competitive environment

Characterized by the presence of several major well-established players, the global Market of   Database Management System (DBMS) appears to be highly competitive. The global Database Management System (DBMS) Market is anticipated to accrete to USD 63 Billion by 2022, at a striking CAGR of 8 % between 2016 and 2022.

 

Competitors in the traditional market:

  • Oracle (market cap $ 194,3B);
  • Microsoft (market cap $ 847,9B);

 

Team see as competitors:

  • EOS (raised $ 4 bln in ICO, market cap $ 5 bln, ROI USD 5,61x);
  • Ethereum (raised $ 0,5 Mln in ICO, market cap $ 36,6 bln, ROI USD 1478x);
  • Cardano (raised $ 63 Mln in ICO, market cap $ 3,1 bln, ROI USD 49,8x);
  • Qtum (raised $ 14,8 Mln in ICO, market cap $ 478,6 Mln, ROI USD 24,9x);

 

Technological advantages

  • Relational programming model with powerful query capability;
  • Decentralized application engine with high I/O throughput;
  • Separate blockchain for each application (sharding);
  • Inter-blockchain asset transfer (sidechains) – good for integration games into each other;
  • Hybrid consensus (BFT + stake + anchoring);
  • New safe DAPP programming language (Rell);
  • Upgradeable smart contracts.

 

 

SOCIAL ACTIVITY

The project popularity in the social networks and discussion forums

The project is detected on the radar of the next influencers: ICO Drops, Ian Balina, Wolf Crypto, MMCrypto, Lendex, DiddyCarter, Sergio, OhHeyMatty, CrushCrypto, Crypto Briefing, Crypto Calibur, PicoloResearch, Shin Chan.

 

Facebook: 366 followers, the average number of likes per post is 2, the average number of comments per post is 0, user activity is low.

 

Twitter: 2,8k followers, average number of likes per post is 10, average number of retweets per post is 3, average number of comments under the post is 2, user activity is low.


Instagram: 165 subscribers, average number of likes per post is 10, average number of comments under the post is 1, user activity is low.

NOTE:

  • Project has received controversial criticism recently. Some of influencers re-scored the project lower (for example ICO Drops turned their interest rate to Medium), while adviser Benn Godenzi  is putting controversial statements on the internet.

 

 

CONCLUSION: Project has a good technological base with strong team and advisors, who have many years of experience in the blockchain development. Core technology of the product already was successfully tested by some of the strategic partners. At the same time project was re-scored because of the new (scandalous) information about huge allocation for Ian Balina ($ 2,5M) and because the number of funds raised through pools became high (this factor make chances of token price dumps higher in the future).

 

Fraud risk - low. Community interest - medium.

Product - 8.8
Team and partners - 7.6
Market - 7
Average score - 7.5

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)