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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)

Rootstock

Rootstock

Platforms: site
Active Pools Min cap Bonus Commission Raised Rating Language Access Created

Активный Пул

Min cap

0.1 ETH

Bonus

-

Commission

2%

Raised

1216 / 4197 ETH

6756

Rating

7

Language

EN

Access

Created

04.02.18

Активный Пул

Min cap

10 ETH

Bonus

-

Commission

-

Raised

No data / 100 ETH

3537

Rating

6

Language

EN

Access

Created

24.01.18

Last ICO deals

Min cap

0.2 ETH

Bonus

-

Commission

5%

Raised

No data

Active

24.07.2018

Finished successfully

27.07.2018

Min cap

-

Bonus

-

Commission

3%

Raised

No data

Active

29.05.2018

BTC only

Finished successfully

30.05.2018

Min cap

-

Bonus

-

Commission

3%

Raised

No data / 100 ETH

Active

31.05.2018

Finished successfully

04.06.2018

Min cap

0.2 ETH

Bonus

-

Commission

3%

Raised

No data / 300 ETH

Active

06.07.2018

3 Month Lock Up. ONLY BTC

Finished successfully

23.07.2018

Min cap

0.2 ETH

Bonus

-

Commission

3%

Raised

965 / 965 ETH

Active

23.07.2018

BTC ONLY NO LOCKUP

Finished successfully

14.08.2018

Min cap

0.1 ETH

Bonus

-

Commission

5.5%

Raised

423 / 423 ETH

Active

30.05.2018

3 months lock up

Finished successfully

31.05.2018

Min cap

0.15 ETH

Bonus

-

Commission

3.5%

Raised

37 / 1000 ETH

Active

31.05.2018

Finished successfully

12.06.2018

Min cap

0.5 ETH

Bonus

-

Commission

4%

Raised

No data

Active

31.05.2018

Finished successfully

01.06.2018

Min cap

0.1 ETH

Bonus

-

Commission

4%

Raised

No data / 25 ETH

Active

20.06.2018

BTC ONLY!

Finished successfully

30.07.2018

Min cap

0.5 ETH

Bonus

-

Commission

4%

Raised

340 / 340 ETH

Active

30.05.2018

Finished successfully

05.06.2018

Min cap

-

Bonus

-

Commission

4.5%

Raised

No data

Active

07.07.2018

Minimum contribution: 0.1 BTC Pool allocation 100 BTC Lockup: 3 Months

Finished successfully

09.07.2018

Min cap

0.1 ETH

Bonus

-

Commission

4.5%

Raised

No data / 200 ETH

Active

10.07.2018

ONLY BTC! Lockup: 3 Months

Finished successfully

17.07.2018

Min cap

0.2 ETH

Bonus

-

Commission

3%

Raised

No data / 103 ETH

Active

27.07.2018

BTC only

Finished successfully

29.07.2018

Min cap

-

Bonus

-

Commission

5%

Raised

No data

Active

28.05.2018

BTC only

Finished successfully

08.06.2018

Min cap

-

Bonus

-

Commission

6%

Raised

No data

Active

09.06.2018

Finished successfully

29.07.2018

Min cap

0.5 ETH

Bonus

-

Commission

5%

Raised

7 / 7 ETH

Active

19.07.2018

3month Lock

Finished successfully

21.07.2018

Min cap

5.5 ETH

Bonus

-

Commission

5%

Raised

No data

Active

29.05.2018

Finished successfully

29.05.2018

Min cap

5.5 ETH

Bonus

-

Commission

5%

Raised

No data / 600 ETH

Active

30.05.2018

Finished successfully

31.05.2018

Min cap

0.1 ETH

Bonus

-

Commission

-

Raised

No data

Active

12.08.2018

ONLY BTC!

Finished unsuccessfully

14.08.2018

Min cap

0.1 ETH

Bonus

-

Commission

10%

Raised

131 / 131 ETH

Active

13.08.2018

BTC ONLY

Finished successfully

14.08.2018

Min cap

0.1 ETH

Bonus

-

Commission

10%

Raised

No data

Active

20.05.2018

Finished unsuccessfully

12.08.2018

Min cap

-

Bonus

-

Commission

5%

Raised

58 ETH

Active

03.07.2018

BTC only

Finished successfully

04.07.2018

Min cap

-

Bonus

-

Commission

7%

Raised

No data

Active

03.07.2018

Minimum: 0.1 BTC NO LOCKUP Allocation: 40 BTC

Finished successfully

28.07.2018

Analytics

Category: Blockchain, Smart contracts, Finances                                                                                 Date: August 28, 2018

 

Intro

RSK – the first smart-platform of the Bitcoin network with open initial code and two-sided attachment to BTC. RSK complements the Bitcoin network with smart-contracts, faster transactions and high scalability.

 

Metrics:

  • 1 billion tokens will be issued at the TGE
  • Hardcap 22 000 BTC was completely filled by VCs.
  • The token is prised in BTC, at a rate of 1 BTC - 14,000 RIF for VCs (deals in pools are varies from 6000 to 11000 RIF per BTC)
  • There is an additional bonus of up to 30% offered to Strategic Contributors. The mechanics will be explained in detail in the FCA

 

Product

RSK is a side chain of the Bitcoin network and uses BTC as its own currency. When BTC are transferred to Rootstock blockchain, they become SBTC (1 SBTC = 1 BTC). SBTC is a base token of RSK network to pay miners for transaction and process smart contracts. SBTC exercises purely technical function and won’t be quoted at exchanges.

 

Smart contracts do not actually deploy in the network of bitcoins, RSK allows users to send Bitcoin directly in the Rootstock net using two-way communication, which then are converted into bitcoins in the Rootstock blockchain.

 

“Federation” acts as a guarantor of funds movement between chains. In return,  companies-members of “Federation” receive fees for exchange transactions. Thus, trust in this model relies on the trust to “Federation”. RSK tokens are principally created for quick movement of bitcoin, extending its functions in RSK smart contracts.

 

Due to the adoption of smart contract technology into Bitcoin network, RSK significantly extends the BTC use scenario. Now Bitcoin network is not only a payment system but also a development tool, which can be used for launching decentralized applications and smart contracts. RSK allows creating altcoins protected by Bitcoin network.

 

For today, the beta version of the main net of RSK is launched. In this mode each component will be represented in its entirety, but we’ll limit the number of smart-bitcoins, which can enter our platform.

 

The project founder announced that RSK is merging with BTC net, there will be soon merger with Litecoin, Dash, Bcash, as well as with many other crypto currencies in the future.

 

Moreover, RSK will allow carrying out faster transactions on its side chain. Currently, the transaction speed in RSK reaches 300 tps and confirms the majority of payments less than in 10 seconds. Given this, RSK net is based on the same security guarantees as Bitcoin. The team plans to reach 2000 TPS, using the technology of the second level Lumino.  

 

Two-sided compatibility of RSK virtual machine with Ethereum virtual machine is another significant advantage of Rootstock. This allows developers who work on Ethereum to use Bitcoin blockchain advantages.

 

Rootstock additional advantage is SBTC mining mechanism, under which additional protection isn’t used for providing blocking, and BTC miners get SBTC for the same work.

 

Team and Partners

The project team isn’t published on the site, but there’s its major part in Linkedin, who associate themselves with RootStock. The company was created by experienced businessmen and crypto evangelists. In particular, one of founders Diego Gutierrez-Z is a co-founder of Koibanx and CEO of «Bitcoin Arg & Latam NGOs». Rubén Ariel Altman and Adrián Eidelman are also founders of Kinetica Solutions. The team features crypto currency specialists (Sergio Demian Lerner), experienced developers who can support project IT-infrastructure (Adrián Garelik).

 

The partnership with Etherparty and Jaxx is announced in the official resources of the Rootstock (RSK) project. The project also cooperates with prominent companies: Coinsilium, AntPool, Bitmain, Digital Currency Group, Xapo, BitPay, Wings, BitGo.

 

In March, 2016, the RSK labs company attracted $1 million of investment at seed-round. Bitmain, Coinsilium and Digital Currency Group were the investors. In May 2017, the project attracted $3,5 million at pre-series A from CEO Decentral and Jaxx, as well as Bitfury and Bitmain. Also, among investors there are LD Capital, BlockVC, Anthony Di Iorio, Moe Levin, NXTP Labs, and Coinsilium Group.

Among some investors in the Telegram groups there is a FUD about the fact that strategic investors (VCs) are selling their allocations to “flippers”.

 

Social activity

Activity in the official groups of Telegram and Facebook is not high, despite the project presentation at Consensus-2018. Although the project Twitter has 26.9 thous. followers.  

 

Market

The project competitors are other suppliers of smart contracts on crypto currency such as Ethereum, EOS, Cardano, NEO, NEM, Qtum, Ethereum Classic, Lisk, Stratis and Counterparty. According to  Coinmarketcap data, 7 of 10 competitors of RSK enter TOP 20 on capitalization. Given this, the main network for RSC – Bitcoin exceeds the capitalization of the closest competitor Ethereum 2,4 times. There’s a cut-throat competition between RSK and competitors for influence the entire market of crypto currencies and altcoins.

 

The RSK project still needs to prove the community that RKS model is able to sustain the SBTC token cost and its binding to BTC.

 

Providing network security is another challenge of the project. According to RSK team, the network is currently supported by bitcoin-miners, which present over 55% of total power of bitcoin hashing. The founders also state that miners with 30% of hashrate will start joint mining within next several months.

 

The signs of centralization of the RSC network through Federation, which acts as a RSC sidechain security guarantor, are a certain risk of the project.

 

Verdict

If RSK is able to overcome the above-mentioned problems, it will be able to significantly extend the functionality for Bitcoin networks, as well as create a credible alternative to the ethereum virtual machine.

 

The connection of RSK network with Bitcoin network, which features the largest user base in crypto space is the most important advantage of RSK network. Since RSK is connected to the most popular and safe blockchain, the project gets a head start over other smart-contract platforms.

 

UPDATE (28 AUG, 2018)

The Hardcap was filled by VCs, who are re-selling their allocations to smaller investors. And number of pools for the project is very big (number of raised funds in pools differs from medium to high). This possibly can cause a token price dump in the future. According to the metrics VCs are selling their allocations with up to 2,3x markup.

 

Fraud risk - low. Community’s interest – high

Product - 9
Team and partners - 8.2
Market - 8
Average score - 8.1

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)