ICO Analysis: OS.University By Fredrik Vold
Blockchain is no longer just the “technology behind bitcoin,” as governments around the world and businesses from a wide range of industries have jumped on the bandwagon. A skyrocketing amount of investment is pouring into the technology, and is being put to work in hiring top-notch developers for all kinds of new blockchain-based projects.
OS.University (Open Source University) is taking a slightly different approach to this, although it also aims to connect education providers and learners using Blockchain technology.
According to their white paper, OS.University is a decentralized platform that bridges the gap between businesses and education through Blockchain and smart contracts. The Blockchain will be used to validate and verify learners’ credentials, while smart contracts are intended to be used to manage content purchases, marketplace transactions, and hiring processes.
The main idea behind OS.University is to create a meeting place for the following three groups:
Businesses
Academia
Learners
TokenOS.University is issuing a new token called the EDU, a utility token built on the Ethereum ERC20 standard.
Potential token buyers should note that the EDU token is a utility token, and not a security token. This means that token holders do NOT have the right to:
Vote
Participate in any kind of revenue-sharing
Receive dividends of any kind
The incentive for holding EDU tokens is basically that they allow for commission-free transactions within the platform, whereas the use of other cryptocurrencies will be subject to commission fees. Further, the team claims that the EDU token will allow for future scaling of the platform beyond just the Ethereum Blockchain.
30% of the fees collected in the form of EDU tokens will be burned in order to maintain the value of the token.
TeamWith the company behind OS.University being based in Bulgaria, most team members are also Bulgarian nationals. In addition, a lot of the media coverage and some of the other videos that the team has put up on their website is in Bulgarian language only, although some of it does have English subtitles.
The website also features a long list of advisors and project ambassadors. This is perhaps not surprising, given the fact that the website also has two buttons anyone can click to “Join the advisory board” or “Become an Ambassador”.
Blockchain is no longer just the “technology behind bitcoin,” as governments around the world and businesses from a wide range of industries have jumped on the bandwagon. A skyrocketing amount of investment is pouring into the technology, and is being put to work in hiring top-notch developers for all kinds of new blockchain-based projects.
RisksAlthough the team appears competent from a technical standpoint, they still have a way to go when it comes to the admin and marketing side of things. The Telegram group has more than 54,000 members, but very little activity and it occasionally takes admins a long time to answer even simple questions. -3
We are unsure about the level of commitment from “advisors” and “ambassadors,” given the fact that the website lists a large number of them and it appears as if anyone can sign up as an advisor via their website. -2
DispositionIn summary, the idea that OS.University has can clearly work if carried out in the right way. The main problem with this ICO is the lack of a working MVP at the time of this writing, which should make investors question how much they want to commit at this time.
Overall, we arrive at a score of 5 out of 10 for the OS.University ICO.
https://hacked.com/ico-analysis-os-university/As for me the project is worthy to look closer to it! I understand that Fredrik Vold authoritative expert! but I personally appreciate this project in 8 \ 10.
I wish good luck to the project team!