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Our world has a population of over 7.6 billion people. This figure is expected to grow as years go by. As there’s more of us, there are more mouths to be fed, needs to be fulfilled. Even at this point we have a problem with supplying food to everyone. We can expect it to get worse in the future. There is a solution, however. ATFS, an agricultural ICO, has some ideas on how we could fix this problem.
ATFS ICO Description
Three main points are made by this company. To create a Smart Farm 2.0, a Disruptive Decentralized Platform, and Plant-Based Meat. These are the components required to create the solution to the worldwide food shortage problem. ATFS plans to start in Asia, later moving on to the rest of the world. The Smart Farm would make use of IoT and Big Data to automatically control temperature, humidity, sunlight, carbon dioxide and water levels in the farm, greatly increasing farming output and ease of crop production.
Tokens (ATFS) will be distributed at the price of 5000 ATFS per ETH during the crowdsale. Aim is between 12500 ETH (soft cap) to 50000 ETH (hard cap). The sale will end once the hard cap is reached, or after the period of 30 days. Unsold tokens will be destroyed. You can purchase the ATFS token using BTC, ETH and other cryptocurrencies.
Team of ATFS
Mostly of Asian heritage, we can see a lot of talented faces here. What got my attention before looking at the resumes is the empty space with “Your Name Here” written underside it. It’s a nice touch that will certainly make investors feel like they’re a part of the project, not just some nameless shareholders. Onto the team itself, David Kim, CEO, is a businessman, first and foremost. He has over a decade of experience as a business strategist at Samsung. Working for so long at a giant company like this is certainly a sign of an experienced, seasoned worker. In addition to that, David is the CEO of his game development company, focusing on mobile RPG games, which enjoy quite a bit of popularity in China. COO Jay Choi worked at IBM as Senior Management Consultant. Austin Chung, CFO and co-founder, has 16 years of experience in the financial sector, being employed in various managerial positions before. Certainly, this is a well-built team. I have no doubts about competence of these people.
ATFS Social Media Presence
Not only the team is done right in this project. You could say their “social media game” is on point. Tons of likes and high engagement on Facebook, often retweets on Twitter. The usual ICO bitcointalk.com thread is only one page long, but it was just started on 19th December. CoinTelegraph also mentioned ATFS, in addition to other mid-sized cryptocurrency outlets. This ICO is certainly doing good.
Opportunities and Summary
ATFS wishes to solve a very important problem on a worldwide scale. At the same time, they don’t try to bite off more than they can chew; they want to start small and develop as they go, unlike some ICOs that want a multi million dollar budget from the get go, but don’t have the team to pull off such a project. I can see myself trusting and investing in the ATFS token.
If you want to get something manufactured, you’ll quickly run into problems. Unless, of course, you’re a large company, a giant in the field, with a ton of money and connections. The rest of the market doesn’t look as good. A significant number of buyers has trouble with finding the right manufacturing suppliers. Businesses lack intellectual property protection; the issue of IP is a large concern. SyncFab, an ICO for the manufacturing industry, wishes to resolve these problems.
Use Cases of SyncFab, Description of the Project
The company is attempting to create a decentralized market connecting buyers and manufacturers without any intermediaries. Payments would be guaranteed through smart contracts, and manufacturing supply chains would make use of a blockchain powered by the MFG token.
With MFG, you can create unique bids to stimulate manufacturers to offer better prices. Loyalty rewards can be offered for reordering. Discounts can be made available. The token will be ERC20, as usual, and on the Ethereum blockchain. It will be required to pay transaction fees on the platform.
Financial Details of SyncFab
At time of writing, the token sale is live. SyncFab is not a huge project in terms of money poured inside. It has a soft cap of 30k ETH, and a hard cap of 60k ETH, with the minimum goal being 10k ETH. One ETH will equal in price to 1250 MFG. 300,000,000 MFG tokens will be available for sale.
The SyncFab Team
CEO of SyncFab, Jeremy Goodwin, is an eloquent man. Fluent in Chinese and French, passionate about AI, blockchain and Bitcoin. From his LinkedIn profile, we learn that SyncFab is a partner to the D.O.E & D.O.C Clean Energy Smart Manufacturing Innovation Initiative (CESMII), appointed by the White House and US Departments of Energy and Commerce plus the National Network for Manufacturing Innovation, worth $140MM. Quite an achievement!
Andy Le Tong, CSO, is a serial entrepreneur, recognized for his achievements in the video game industry. The massively multiplayer online game portal MMOABC, of which he was a CEO, received attention of millions of North American gamers. He didn’t spend a penny on advertisement, and that was before the age of social media!
The team consists of 9 members and 10 advisers. Each one has an impressive resume. Advisers have worked at companies like PayPal, eBay, Apple and JPMorgan. One word can sum up this team: solid. I can see the project becoming successful, if only by the merit of it’s members.
SyncFab Press Coverage
Social media and press coverage of this project is no less impressive. SyncFab is partnered by many big names, including Berkeley University and Stanford University. As mentioned earlier, the White House itself has ties with this project, too. It earned a 97% score in the Aingel blog ICO scoring series. The scoring is based on a Monte Carlo wrapped machine learning algorithm developed at New Your University, where more than 6,000 startup founders were analyzed.
On Facebook, they have high engagement, as the post about token launch was given reactions by 3,5 thousand people. The page has almost 5k likes, quite good for an ICO, which usually averages at 1-2k. Their Twitter enjoys a good number of retweets and likes, in the 50-100 range on average per post, with the follower count at almost 5 thousand, like the Facebook page. The community seems to be in high spirits about SyncFab.
The Final Verdict on SyncFab
Personally, I’m not knowledgeable about the manufacturing industry. This project, to fully comprehend, would need some real-life experience and understanding of the problems presented, beyond what’s included in the whitepaper. Perhaps this is why the hard cap is a mere 60k ETH; other projects estimate to have much greater interest. Definitely, it’s not for the layman. From a purely financial standpoint though, as a potential investor, I can see this project worth investing in, especially with these recommendations from the White House and University of Berkeley. It touches upon an issue that many want to become resolved.
Online gambling and betting suffers from centralization and a lack of transparency. You can’t tell whether the games are rigged or not, to the benefit of the service owners. Here would come in the Blockchain, which provides a tamper-proof, honest, verifiable and auditable service. Trust would come first, at last. However, the current available solutions are still in their infancy and do not offer satisfactory performance. They’re plagued by slow speeds and long downtimes. MyOddz, an ICO project, proposes a P2P betting platform with raffle, poker, bingo, casino games and much more.
MyOddz ICO Description
MyOddz.bet platform promises zero downtime, full verification and auditability through decentralized Smart Contracts implemented on the Ethereum blockchain. Traditional casino games such as Craps, Roulette, Slots, Poker, Dice, Coin Flip and Bingo will be available on the platform. The company also aims to develop its own proprietary games with unique design. Plans to alleviate slow transaction speed include using the Raiden network and established sports results APIs.
As usual, the ERC20 tokens will be distributed in an ICO crowdsale. Named ODDZ, it will enable holders to claim a share of profits proportionate to the number of ODDZ tokens held in wallets once a quarter. 85% of total profits will be shared, 0.25% will be donated to myetherwallet.com. The rest will be spent on marketing and various company needs. ODDZ will be available on exchanges after the crowdsale ends.
Once tokens are distributed, profits will be shared on first quarter after launch. When an initial period of 3 years ends, voting tokens will be airdropped via smart contract to each individual wallet. With them, you’ll be able to vote whether MyOddz should move to a model where 99.75% of all future profit will be distributed to token holders, or whether should the 14.75% profit to the house time should be extended. Announcements about all of these events will be made on social media beforehand.
The MyOddz ICO Team
I’ll make this clear, the whole presentation of MyOddz is unprofessional. The whitepaper and the website are littered with spelling errors, unnecessary whitespaces and poor punctuation. Team presentation is no different. Nevertheless, I’m getting a honest vibe from these people. Not a group trying to dupe you into yet another pyramid scheme. Adding a husky dog to their team roster is certainly a lighthearted, funny touch. Aside from that, there’s nothing remarkable about the collective, except Marvin Beaver, who composed music for FIFA 99, Wipeout and Need For Speed. The CEO has 20 years of experience, but there is no list of the successes he claims to have. I don’t doubt there are some, but how can I know if they’re not spoken about? Website and team page could use an overhaul.
Social Presence, Summary
What strikes me the most is the rough form of this ICO. It looks like an unfinished work. There is no roadmap, but the whitepaper claims that there will be one soon. Team has a graphics designer with over 15 years of experience, yet the website looks very plain, and documents are text-only. You might say to not judge a book by its cover, but their Facebook page, or what I believe to be their fanpage, has merely 40 likes. And there is another betting related page called MyOddz with 35 likes. I think that speaks for itself. More money, time and work needs to be put into this project in order for it to be presentable. Simply, MyOddz is not ready.
The IoT, cryptocurrency and blockchain technology booms are very lucrative. Some institutions, such as Maverick Research, believe that these solutions, in addition with Artificial Intelligence, will replace today’s centralized platforms and business models. Demand for such products is outpacing their production. Market for blockchain is expected to exceed $3.1 trillion by 2030. There isn’t enough developers to meet the needs of the market. Crowd Machine’s App Studio will make it quicker and cheaper to create apps, no programming knowledge needed. Goal of this ICO is to create the Crowd Computer, a global, decentralized app execution engine, which would include a peer-to-peer network of Crowd Virtual Machines (“CVM”), that makes it easy for anyone with an idea to develop blockchain apps.
Description of Crowd Machine ICO
In addition to the aforementioned App Studio, Crowd Machine will allow to share the created apps via a Crowd Share repository, a GitHub-like system that can make it easier for developers to monetize their work. The lengthy whitepaper explores each service offered by the ICO in depth, making points about security and the current market situation. It can be a tough read, especially for someone not acquainted with the technologies touched upon in the document.
Regarding the token itself, I’ve had a hard time finding information about the sale. It turns out that it will begin on 21th February 2018. The token is named CMT. Price will be around 6000 CMT per ETH, with BTC payments accepted in addition to ETH. A presale discount will be available, and will amount to 60% to 70% The market cap is quite huge, and in my opinion there is absolutely no need for such a cap. It’s set at $200 million soft, $338 million hard. What makes me suspicious is that there is absolutely no description of how funds will be allocated post-sale. There no information about how CMT tokens will be converted into fiat or ETH, and the road map doesn’t include plans to list tokens on cryptocurrency exchanges.
Machine Team
Apparently, this project has 27 employees. However, I can only see resumes for 11 of them. There are no LinkedIn links on the website and I had to conduct a Google search to see what’s their work history. The CEO has his LinkedIn account deactivated. From the little information I’ve gathered, the team is solid, with experience in blockchain and cryptocurrency. But this is not enough. Crowd Machine lists their competitors: Amazon Web Services, Microsoft Azure, IBM Cloud and Google. The company is trying to bite off more than they can chew. I don’t believe that a team of twenty-seven members can compete with these giants.
Crowd Machine Media Presence, Summary
Not much remains to be said about Crowd Machine. Less that 500 likes on Facebook, only a few on Twitter. Under five hundred Telegram members. A four-page thread on bitcointalk.org. The only thing of note is that the CEO spoke at various blockchain and cryptocurrency related expos.
In my eyes, the project is underdeveloped. Reading the whitepaper made me feel that the ideas presented need to be fleshed out more in order to have a chance with the aforementioned industry titans. There is no real-life application demonstration for the key aspect of this project, Crowd App Studio. For Crow Machine to become successful, they need to fix all these glaring issues. A great concept isn’t enough to get to the top. I’d invest only if the ICO gets a total makeover.