[ANN][ICO]ContractNet - At the intersection of Blockchain, IOT & SMART CONTRACTS

[BonTonPlease]

Another nice article on ContractNet an interesting read 
https://www.theodysseyonline.com/contractnet-for-global-exchange-of-iot-data

Good to see it's popping up in various websites beyond just Bitcointalk, projects like this really need to get their name out their, hopefully they will also submit their ICO to some ICO Review sites, as its a good way to drum up positive press. As well as things like press releases to various news agencies. The more they can get their name out in the wild the more attention they can drive and the better for the project overall. That article was a pretty good read and explanation. Hopefully we see more coming on other sites.

I like the idea of reaching out to ICO Review sites. Do the devs have to do that or can investors who are interested reach out to them and request reviews?

Honestly not sure, i imagine its mostly from the ICO side, though i dont see why interested parties couldn't ask their favorite review sites to review an ICO they are interested in its more content for the review site and additional visibility for the ICO. I imagine the contractnet is already working on things like that though.

I think anyone can ask and request reviews, you don't have to be part of the team in order to get a review.

If thats true maybe we should all chip in and get a few review sites to take a look, i mean most of them are soso on credibility, but more visibility is always good for projects you think are good as the health of the project is good for both the company and the investors. I'd be interested to have contractnet get some visibility as what they are trying to do seems really interesting.

I think it makes most sense to go for the one with the most traffic, if anyone here knows which one that would be?

Most times good ICO sites do the ratings, some however reach out to project CEOs for some compensation in order to rate them high on their sites, others also require ratings to come from the community, it all depends but coming from a credible ico rating site will be ideal 

I fear we would have to first define what a credible rating site is as soon as their is payment involved it is hard to have no bias in the rating. We know that from the real world rating agencies and they failed big time.

[cryptossi]

Now towards the end of the white paper it was stated that there will be a move from proof or work to prove of stake after a tested solution have been achieved but I am yet to come to terms with those two concepts, I need a breaking down totally like seriously because I tried making research on them but I get some really technical stuffs which gets me more confuse

A proof of work coin is a coin you can mine like Bitcoin and Monero, a proof of stake coin is a coin you can can purchase and HODL and it will provide you with a passive income/dividend, for example Dash and PivX.

A lot of coins start off as Proof of Work and transfer to Proof of Stake, for example Ethereum is thinking of doing this in a future fork, which some believe will make the project less valuable.

So grateful for this... Is it really possible that a project can have a proof of work and also a proof of stake same time?

Yeah there are a few coins that use PoW algos +PoS algos this is known as a hybrid blockchain, you mine tokens through proof of work and if you HODL the tokens you have mined you can earn more tokens through proof of stake. One example is Hcash!

I don't think this is what ContractNet want to achieve in the long term because its extremely specialised but it is possible to do so!

Wow I must say you did justice to the question and somehow raise the need for investing in the contractnet project the more, knowing I will gain more by holding is a good bargain anytime or what do you think 🤔

I agree, It's good to see some good bullet points like this stating some facts and how advanced the technology they are using which they are trying to implement

Yeah it's interesting that they might potentially transition from Proof of Work to Proof of Stake algos, I get the benefits of doing so, means that they will get the best of both at different points in the campaign.

[faulerwilli]

Another nice article on ContractNet an interesting read 
https://www.theodysseyonline.com/contractnet-for-global-exchange-of-iot-data

Good to see it's popping up in various websites beyond just Bitcointalk, projects like this really need to get their name out their, hopefully they will also submit their ICO to some ICO Review sites, as its a good way to drum up positive press. As well as things like press releases to various news agencies. The more they can get their name out in the wild the more attention they can drive and the better for the project overall. That article was a pretty good read and explanation. Hopefully we see more coming on other sites.

I like the idea of reaching out to ICO Review sites. Do the devs have to do that or can investors who are interested reach out to them and request reviews?

Honestly not sure, i imagine its mostly from the ICO side, though i dont see why interested parties couldn't ask their favorite review sites to review an ICO they are interested in its more content for the review site and additional visibility for the ICO. I imagine the contractnet is already working on things like that though.

I think anyone can ask and request reviews, you don't have to be part of the team in order to get a review.

If thats true maybe we should all chip in and get a few review sites to take a look, i mean most of them are soso on credibility, but more visibility is always good for projects you think are good as the health of the project is good for both the company and the investors. I'd be interested to have contractnet get some visibility as what they are trying to do seems really interesting.

I think it makes most sense to go for the one with the most traffic, if anyone here knows which one that would be?

Most times good ICO sites do the ratings, some however reach out to project CEOs for some compensation in order to rate them high on their sites, others also require ratings to come from the community, it all depends but coming from a credible ico rating site will be ideal 

I fear we would have to first define what a credible rating site is as soon as their is payment involved it is hard to have no bias in the rating. We know that from the real world rating agencies and they failed big time.

I totally agree with you. these rating pages are in my opinion always dubious. Not only do they often ask for money for ratings, they also do not do much for the rating and description. Just copy a few lines from the homepage and add a few links to BCT and Twitter, and that was it. I do not give much on these pages, except those who really studied the project

[phantam]

ContractNet round 1 has come to an end, the present bonus structure is 20% and price: PRICE(BTC)0.00014, PRICE(ETH)0.00140  for Round 2. FYI round 2 ends on the 15th of this month.

and it was a good first round: BTC raised 90.20068175 ETH Raised 2,159.48470745

But I think there are already revenue of the second round here. Let's see how much it is at the end of the second round

Its a lot of money, especially once BTC begins to rebound same as the ETH. Right now the FIAT value is lowish, but if contractnet maintains that stock for a few weeks i'd imagine the FIAT worth of the investors cash will be much higher.  I'd imagine we will continue to see a stead increase as the rounds go on, would be kinda cool for them to have a little spot where it shows how much was raised in the individual rounds as things go on.

[Humulus]

a great idea to combine the block and the Internet of things. it would be great to add more smart contracts and it would be perfect. I will follow the project.

[Ace44]

Another nice article on ContractNet an interesting read 
https://www.theodysseyonline.com/contractnet-for-global-exchange-of-iot-data

Good to see it's popping up in various websites beyond just Bitcointalk, projects like this really need to get their name out their, hopefully they will also submit their ICO to some ICO Review sites, as its a good way to drum up positive press. As well as things like press releases to various news agencies. The more they can get their name out in the wild the more attention they can drive and the better for the project overall. That article was a pretty good read and explanation. Hopefully we see more coming on other sites.

I like the idea of reaching out to ICO Review sites. Do the devs have to do that or can investors who are interested reach out to them and request reviews?

Honestly not sure, i imagine its mostly from the ICO side, though i dont see why interested parties couldn't ask their favorite review sites to review an ICO they are interested in its more content for the review site and additional visibility for the ICO. I imagine the contractnet is already working on things like that though.

I think anyone can ask and request reviews, you don't have to be part of the team in order to get a review.

If thats true maybe we should all chip in and get a few review sites to take a look, i mean most of them are soso on credibility, but more visibility is always good for projects you think are good as the health of the project is good for both the company and the investors. I'd be interested to have contractnet get some visibility as what they are trying to do seems really interesting.

I think it makes most sense to go for the one with the most traffic, if anyone here knows which one that would be?

Most times good ICO sites do the ratings, some however reach out to project CEOs for some compensation in order to rate them high on their sites, others also require ratings to come from the community, it all depends but coming from a credible ico rating site will be ideal 

I fear we would have to first define what a credible rating site is as soon as their is payment involved it is hard to have no bias in the rating. We know that from the real world rating agencies and they failed big time.

Well, i do agree with you and i can't stop stressing the need for us to do our very own personal research before investing, check the team behind it, years of experience and the concept behind the project, something unique to start with and that's achievable 

[Zuhran]

promising project. Let's see how the sales go on. tell me pozhaluzsta what plans do the team have for the future?

Don't know who or what's pozhaluzsta but if i may come in, IoT is actually the future when it comes to tech, we're talking about future scenarios that we can only see in movies or imagine, so when it comes to the above question, i think ContractNet is already part of that future and it makes sense to be part of it

this is all of course great, thank you) I agree with you completely. but still I would like something more accurate to hear about the project. about the plans of the team

[Nathan01]

ContractNet round 1 has come to an end, the present bonus structure is 20% and price: PRICE(BTC)0.00014, PRICE(ETH)0.00140  for Round 2. FYI round 2 ends on the 15th of this month.

and it was a good first round: BTC raised 90.20068175 ETH Raised 2,159.48470745

But I think there are already revenue of the second round here. Let's see how much it is at the end of the second round

It's a pretty good amount raised so far and the next milestone is achievable too, a lot of faith in this project as it deals with one modern fundamental human needs which is technology

[cryptossi]

ContractNet round 1 has come to an end, the present bonus structure is 20% and price: PRICE(BTC)0.00014, PRICE(ETH)0.00140  for Round 2. FYI round 2 ends on the 15th of this month.

and it was a good first round: BTC raised 90.20068175 ETH Raised 2,159.48470745

But I think there are already revenue of the second round here. Let's see how much it is at the end of the second round

Great thanks for the update FaulerWilli its nice to see how well ContractNet did in their inital first round!

This second round doesn't last long, people need to make sure they invest before 15/03 to get a 20% bonus!

https://contractnet.com/

[TimeTeller]

ContractNet round 1 has come to an end, the present bonus structure is 20% and price: PRICE(BTC)0.00014, PRICE(ETH)0.00140  for Round 2. FYI round 2 ends on the 15th of this month.

and it was a good first round: BTC raised 90.20068175 ETH Raised 2,159.48470745

But I think there are already revenue of the second round here. Let's see how much it is at the end of the second round

It's a pretty good amount raised so far and the next milestone is achievable too, a lot of faith in this project as it deals with one modern fundamental human needs which is technology

I hope the trust of the big and small time investors here will paid off.
Not only the price increase after ICO but the real deal that they are trying to address.
We know that this is not the first project here that tackles the IoT industry but most of them had empty promises and they don't have the capability to make the project a reality.
The team just need to focus on what they can offer and seems that based from the roadmap, it's pretty feasible to implement and execute the items they put on their goals.

[Cnote328]

ContractNet round 1 has come to an end, the present bonus structure is 20% and price: PRICE(BTC)0.00014, PRICE(ETH)0.00140  for Round 2. FYI round 2 ends on the 15th of this month.

and it was a good first round: BTC raised 90.20068175 ETH Raised 2,159.48470745

But I think there are already revenue of the second round here. Let's see how much it is at the end of the second round

Great thanks for the update FaulerWilli its nice to see how well ContractNet did in their inital first round!

This second round doesn't last long, people need to make sure they invest before 15/03 to get a 20% bonus!

https://contractnet.com/

Yeah if you missed the first round be sure not to miss the second round before the bonus reduces to 15% bonus.

[cryptossi]

ContractNet round 1 has come to an end, the present bonus structure is 20% and price: PRICE(BTC)0.00014, PRICE(ETH)0.00140  for Round 2. FYI round 2 ends on the 15th of this month.

and it was a good first round: BTC raised 90.20068175 ETH Raised 2,159.48470745

But I think there are already revenue of the second round here. Let's see how much it is at the end of the second round

It's a pretty good amount raised so far and the next milestone is achievable too, a lot of faith in this project as it deals with one modern fundamental human needs which is technology

I hope the trust of the big and small time investors here will paid off.
Not only the price increase after ICO but the real deal that they are trying to address.
We know that this is not the first project here that tackles the IoT industry but most of them had empty promises and they don't have the capability to make the project a reality.
The team just need to focus on what they can offer and seems that based from the roadmap, it's pretty feasible to implement and execute the items they put on their goals.

Yeah I have seen a real rise in the amount of blockchain projects starting up recently that are based on IoT, I just hope that what ContractNet is offering is enough to stand out from the crowd. I like that they are not just a coin but they are also an entire blockchain for entrepreneurs to run their businesses on.

[Cnote328]

promising project. Let's see how the sales go on. tell me pozhaluzsta what plans do the team have for the future?

Don't know who or what's pozhaluzsta but if i may come in, IoT is actually the future when it comes to tech, we're talking about future scenarios that we can only see in movies or imagine, so when it comes to the above question, i think ContractNet is already part of that future and it makes sense to be part of it

Will be so good to see ContractNet being the 1st and leader of IoT implementation as the technology gets more advanced and researched, I expect this to be implemented within the next 2 years

The possibility of such happening is high, as they are the first pioneer of the IoT sector in the crypto-community, i know it has been in existence outside the community but not on a massive scale, at least that i know of, unless i'm mistaken and IoT will be highly acceptable because of what it tends to do and the positive impact it is bound to create

IoT presence benefit such as safety, comfort, efficiency, and better decision making. Just like Ace said ContractNet is the first pioneer of the IoT sector in the crypto-community and i believe it will excel in the coming future.

[Ace44]

Now towards the end of the white paper it was stated that there will be a move from proof or work to prove of stake after a tested solution have been achieved but I am yet to come to terms with those two concepts, I need a breaking down totally like seriously because I tried making research on them but I get some really technical stuffs which gets me more confuse

A proof of work coin is a coin you can mine like Bitcoin and Monero, a proof of stake coin is a coin you can can purchase and HODL and it will provide you with a passive income/dividend, for example Dash and PivX.

A lot of coins start off as Proof of Work and transfer to Proof of Stake, for example Ethereum is thinking of doing this in a future fork, which some believe will make the project less valuable.

So grateful for this... Is it really possible that a project can have a proof of work and also a proof of stake same time?

Yeah there are a few coins that use PoW algos +PoS algos this is known as a hybrid blockchain, you mine tokens through proof of work and if you HODL the tokens you have mined you can earn more tokens through proof of stake. One example is Hcash!

I don't think this is what ContractNet want to achieve in the long term because its extremely specialised but it is possible to do so!

Wow I must say you did justice to the question and somehow raise the need for investing in the contractnet project the more, knowing I will gain more by holding is a good bargain anytime or what do you think 🤔

I agree, It's good to see some good bullet points like this stating some facts and how advanced the technology they are using which they are trying to implement

I like this forum, you always learn something new about it. Had never heard of hybrid blockchains. The system sounds interesting and I will read it in more detail.
Now that i have got such accurate information and I'm too busy looking right now, what approach will ContractNet take?

Yes, here is actually a learning avenue and i love engaging in constructive arguments, i must admit, i wasn't conversant with the proof of stake and proof of work thing until now, though i've seen it been used but this just gave me a better understanding of what it is

[Nathan01]

ContractNet round 1 has come to an end, the present bonus structure is 20% and price: PRICE(BTC)0.00014, PRICE(ETH)0.00140  for Round 2. FYI round 2 ends on the 15th of this month.

and it was a good first round: BTC raised 90.20068175 ETH Raised 2,159.48470745

But I think there are already revenue of the second round here. Let's see how much it is at the end of the second round

It's a pretty good amount raised so far and the next milestone is achievable too, a lot of faith in this project as it deals with one modern fundamental human needs which is technology

I hope the trust of the big and small time investors here will paid off.
Not only the price increase after ICO but the real deal that they are trying to address.
We know that this is not the first project here that tackles the IoT industry but most of them had empty promises and they don't have the capability to make the project a reality.
The team just need to focus on what they can offer and seems that based from the roadmap, it's pretty feasible to implement and execute the items they put on their goals.

Reading through the white paper you could see how articulated they intend to achieve the set goals, their facts and figures, one could see indeed where the project is going to unlike some startups that are just huge on the vision and small in their implementation or like you said end up not fulfilling

[faulerwilli]

promising project. Let's see how the sales go on. tell me pozhaluzsta what plans do the team have for the future?

Don't know who or what's pozhaluzsta but if i may come in, IoT is actually the future when it comes to tech, we're talking about future scenarios that we can only see in movies or imagine, so when it comes to the above question, i think ContractNet is already part of that future and it makes sense to be part of it

Will be so good to see ContractNet being the 1st and leader of IoT implementation as the technology gets more advanced and researched, I expect this to be implemented within the next 2 years

The possibility of such happening is high, as they are the first pioneer of the IoT sector in the crypto-community, i know it has been in existence outside the community but not on a massive scale, at least that i know of, unless i'm mistaken and IoT will be highly acceptable because of what it tends to do and the positive impact it is bound to create

IoT presence benefit such as safety, comfort, efficiency, and better decision making. Just like Ace said ContractNet is the first pioneer of the IoT sector in the crypto-community and i believe it will excel in the coming future.

Just come across a pretty cool video about ContractNet which I hadn't seen before, check it out here @ http://thehackingteam.com/wp-content/uploads/ef9bc32a27cb2d3e1814da9507038ee4.mp4

I could only look at office now, and of course without sound. The video is apparently more about banks than ContractNet. Maybe I should watch the video in the evening at home with sound. Or maybe you got a wrong link?

[sudhakark]

ContractNet is a public service, here anybody can create an address and begin interacting with the network (permissionless blockchain) intends to build here with storage, sharing and analysis of IoT( Internet of Things) data streams. The ContractNet is a technology specifically based on the company in Hong Kong and filed in both the companies in Hong Kong and the USA.
Users consider, an organized framework for sharing IoT data, and developed a platform for distributed app and smart contracts; these can be useful for all the industrial sectors. ContractNet is personally itself interchanging these technologies one is the Internet of things and smart contracts. ContractNet is used to design and improved for the IoT solutions, by seeing that IoT device owners be able to share their data in a safe, motivation manner and here data is used in such a way that in coming generations they will develop apps and contracts. ContractNet plans to support, storage miners support in trading of gas. Developers who are of the third party can create new Oracles and will sell on Oracle hub.

[Ace44]

ContractNet round 1 has come to an end, the present bonus structure is 20% and price: PRICE(BTC)0.00014, PRICE(ETH)0.00140  for Round 2. FYI round 2 ends on the 15th of this month.

and it was a good first round: BTC raised 90.20068175 ETH Raised 2,159.48470745

But I think there are already revenue of the second round here. Let's see how much it is at the end of the second round

It's a pretty good amount raised so far and the next milestone is achievable too, a lot of faith in this project as it deals with one modern fundamental human needs which is technology

I hope the trust of the big and small time investors here will paid off.
Not only the price increase after ICO but the real deal that they are trying to address.
We know that this is not the first project here that tackles the IoT industry but most of them had empty promises and they don't have the capability to make the project a reality.
The team just need to focus on what they can offer and seems that based from the roadmap, it's pretty feasible to implement and execute the items they put on their goals.

Reading through the white paper you could see how articulated they intend to achieve the set goals, their facts and figures, one could see indeed where the project is going to unlike some startups that are just huge on the vision and small in their implementation or like you said end up not fulfilling

Yes, i do agree with you on that and i understand where Timeteller is coming from, as many has been disappointed by a lot of ICOs, dishing out what they can not offer,  however, ContractNet is more like a platform that provides an avenue for the use of IoT which to me is a realistic approach

[unisilver]

a very interesting and good project with a good concept and great teams. I want to ask, what is the purpose of the project?

Yes a very interesting project wherein you are allowed to interact through different networks and begin to have an address. I know that this project would set many investors too.

[yaazcryptos]

Future of blockchain will need some projects like this. I am sure it will be succesful.