ICO Analysis: IOVPublished on November 19, 2018
By
Daniel WonProof: https://hacked.com/ico-analysis-iov/TeamIsabella Dell: Before joining as the chief system architect to Lisk, Dell worked as a system engineer at Cerner Corporation and as a technical solution architect at Sharp HealthCare.
Serge Karim Ganem: Ganem was the international project manager at Havas New York.
Ethan Frey: Prior to becoming IOV’s director of development, Frey worked as a senior software engineer at Tendermint.
Benjamin Simatos: Simatos was an executive director at J.P. Morgan for five years and an associate at Goldman Sachs for three years and two months.
VerdictBelow is a breakdown of the risks and growth potential of IOV.
Risks Although the before mentioned problems are considered to be quite important within the cryptocurrency community, a hard-cap of €25,000,000 seems high. (-2)
The token has little use-case, especially among veteran crypto-currency investors. (-2)
Growth Potential The project is led by the former chief system architect of Lisk, Isabelle Dell, and an ex-senior software engineer of Tendermint, Ethan Frey. (+3)
As there are not many projects with similar goals, the competition is low. (+2)
If the project gets popular among newbie crypto-investors, a network effect is possible. (+2)
Low bonuses provided to early token sale contributors prevents an immediate dump upon listing on exchanges. (+2)
DispositionTwo problems that newbie crypto-currency investors face are that they have to create new wallets for each blockchain, keeping their public and private keys safe. Another is the common error of inputting a wrong address while sending crypto-assets due to complicated public keys. IOV’s Blockchain Name Service and Blockchain Communication Protocol enable these investors to keep their funds in one single wallet and customize their wallet addresses, making it less troublesome and easier to avoid human error. The project is founded by experienced blockchain developers such as Lisk’s Isabelle Dell and Tendermint’s Ethan Frey.
The absence of projects with similar goals means that IOV will not meet much competition and that it might find itself quite popular in the case of widespread public adoption. Still, a hard-cap of €25,000,000 can be considered too high for this project. It is also extremely possible that the IOV wallet will not find the expected popularity among experienced crypto-currency investors who already got used to dealing with different wallets and complicated wallet addresses. IOV receives a
6/10.Investment Details Type: ERC20 – Utility
Symbol: IOV
Platform: Ethereum
Crowdsale: January 15th
Minimum Investment: Unspecified
Price: €0.10
Hard Cap: €25,000,000
Payments Accepted: BTC
Restricted from Participating: Unspecified
