ICO Analysis: 0xcert
Published on June 24, 2018 By Joshua LarsonTeamThe team is well organized/structured so far. There are 20 team members, mostly from Ljubljana, Slovenia. They look very young for the most part.
The 0xcert team’s mission is to empower developers with tools and useful applications of non-fungible tokens. They will also provide a foundation for trustless, certified, non-fungible tokens on the blockchain.
CEO Jure Zih was Director of Marketing from 2013-2016 for Databox, an app that serves as a personal data assistant, helping business users pay attention to what matters. They have 35 employees listed on LinkedIn. After that, he spent six months as an analytics and growth consultant for Doctrina, a pharmacy-related tech business he helped scale to over 50,000 pharmacists.
CTO/Founder Kristijan Sedlak was the CTO at the same place Jure Zih worked, Doctrinca. Kristijan has been CTO of five different companies since 2006.
COO Mitja Pirc is a professional startup adviser. Previously he was a manager at A.T. Kearney, a huge global management consulting firm in Chicago.
Luka Kacil is the Senior Blockchain Developer. He spent three years as COO for APPMonster.
Eight advisers have been listed so far. They look pretty strong; perhaps the most important is the lead author and developer of ERC-721, William Entriken.
VerdictERC-721 non-fungible contracts have opened the door to all kinds of new innovations in crypto. 0xcert has a great idea for a protocol that extends this standard, making it easy to develop certified and standardized non-fungible tokens with a set of on-chain and off-chain rules, libraries and conventions for digital certificates on blockchain.
“0xcert is dealing with the application layer where developers need to act fast and agile. In order to ensure interoperability among applications in the future, Xcerts follow specific conventions. This will prevent incompatibility on a higher level, which might happen if every NFT issuer deploys their own version of an industry standard. Having this level of standardization built on top of a strong ERC-721 standard prevents high level fragmentation and safeguards long-term sustainability”
RisksKristijan Sedlak has been the CTO of at least five separate companies since 2006. This makes it seem like all he does is start-ups. Will 0xcert just be another company on his list? -1
When asked in Telegram, “How will 0xcert be able to scale on ethereum with all the slow transactions and high fees?”The reply was very standard: “the protocol is currently being built on Ethereum, but is blockchain agnostic.” This seems too convenient of an answer. ERC-721 tokens are a completely new idea, so it seems like making them blockchain agnostic will be really really hard to do. -2
The team seems pretty weak for such a challenging project. Nothing in their leaders resumes confirm they have what it takes to build this bleeding edge technology. -2
They lose half a point for this video. -0.5
Growth PotentialPossible use cases include identity, certificates, academic credentials, artwork ownership, deeds, land titles, collectibles, etc. +3
The smaller $10 million hard cap leaves so much room for growth. +4
They have an Ecosystem Growth Pool. Twelve percent of the entire token supply (community pool) and 10% of funds raised (ecosystem) will go towards the growth of the 0xvcert ecosystem.+2
If this protocol is successful, there will be endless dapps using it in the future. +3
DispositionNon-fungible tokens on the blockchain is such a revolutionary idea. Its just a matter of time before competition to lead this space heats up. So far it looks like WAX and 0xcert are the two front-runners.
6.5/10Proof: https://hacked.com/ico-analysis-0xcert/
