ICO Analysis: EtherInc
Published on June 4, 2018
By Gerelyn TerzoTeamTarun Malik is at the helm as CEO. Malik is an alum of global corporations including PwC and SwissRe as well as pharmaceutical giant Johnson & Johnson and biotech firm Biogen. His experience at multinational corporations across industries should serve him well in eInc’s goal to create global decentralized companies on the blockchain.
eInc’s advisory panel of eight includes Tyler Sanford, who has lent his expertise to some eight ICOs that combined have raised more than $130 million. Sanford also has experience with high-profile tech startups including Yelp and Zenefits. Oh and he is a former Major League Baseball player in the United States, having played for the Los Angeles Angels.
Nikolay Shkileve is also on the advisory panel. Shkileve appears to be highly selective about the ICO projects he accepts as co-founder of Top ICO Advisors. According to his LinkedIn profile, he advises on other blockchain projects including South Korea-based clean energy project CyClean and crypto mining project ETHernitymining.
VerdicteInc is an ambitious project that has the wind of Ethereum’s network at its back. With its blockchain already launched and mining activity under way, eInc is miles ahead of many other projects that are pursuing ICOs.
eInc’s technology has the potential to be the answer to some of the chief criticizms of blockchain startups. BTCC Founder Bobby Lee has said that many startups aren’t blockchain companies at all and instead more closely resemble database companies. By providing the blockchain-in-a-box solution, eInc could validate blockchain businesses and make sure they’re using the ledger in the manner in which it was intended.
eInc plans to be listed on exchanges and asks that you follow them on Telegram for listing updates.
Risks Forked digital currencies have a higher propensity for 51% attacks than the coins of the original blockchain networks like Ethereum. A complaint of forked coins generally speaking has been that they fail to reflect the ingenuity of an original network. (-1.5)
If startups fail to show an interest in the eInc platform, that would likely lead to the decline in value of the ETI coin. It’s unclear if there’s a pipeline of startups ready to sign up for the eInc blockchain. Based on the white paper, it appears eInc will begin inviting startups to use its platform in Q4 2018. They also have yet to partner with wallet providers. (-1)
Growth Opportunity EtherInc has a live product and apps. They launched Mainnet (7 nodes) and Ropsten (3 nodes) test networks back in February 2018 and will be distributing MainNet ETI coins during the ICO. Many ICO projects have yet to develop an actual product at the time of the token sale and are relying on funds not yet raised to do so. EtherInc is several steps ahead in this regard. (+4)
Supports dApps that are running on the Ethereum network (+2)
eInc boasts a deep bench of talent in its management team and impressive advisory panel. (+2)
eInc appears to have a unique understanding of the hurdles that startups face, and its turnkey solution could enable more entrepreneurs to succeed in a decentralized world. (+2)
DispositionWe arrive at a score of
7.5 out of 10 for the eInc ICO
Proof: https://hacked.com/ico-analysis-etherinc/This is
very nice result (7.5/10)!
