United Traders – investment attractiveness report (Digital Rating Agency)digitalrating
The project team has a pragmatic approach to the problems existing in the cryptocurrency ecosystem and proposes to solve them by introducing a complex of products to the market, within the framework of a single platform. The concept and tools the developers offer are necessary for the further development of the entire cryptocurrency market.
The platform modules created by United Traders already have working prototypes, which should allow it to attract large amounts of capital. The project conducts a massive advertising campaign. The team has presented a detailed road map and financial plan, specifying its targets. All of the above leave no doubt as to the serious intentions of the project’s developers and the possibility of implementing the project.
Rating score "A2"
High Quality Rate
Nousplatform is a service provider for investment funds and investors. The project team is seeking to create a new investment fund platform utilizing innovative blockchain technology. Investment funds and investors face many obstacles, such as raising capital; transparency of operations; decentralized data storage of equity assets for every investor; high liquidity; and elimination of intermediaries. Nousplatform is a platform for the collaboration of investment funds and investors. The platform includes a personal back office, statistical reports, and wallets, as well as lists of funds and their ratings. For investors, the platform is a turnkey solution for managing assets.
Rating score "B1"
Medium Quality Rate
NITRO is an independent, online, blockchain-based collaboration platform that seeks to connect to the video games economy, bringing together various stakeholders to achieve growth for the NITRO network.
Rating score "A2"
High Quality Rate
Jincor is a platform which will allow any business to work with smart contracts and cryptocurrency payments easily with no legal, technical, or operational complications and in a cost-efficient manner. While existing solutions offer to solve just one problem at a time, our team build up a useful, secure and easy-to-use product, which will include smart contracts constructor, cryptocurrency payments, and even a digital arbitration system to work out the right judgements on unclear matters related to smart contracts performance. In the end, Jincor aims to integrate all companies, employees and business assets into a unified blockchain ecosystem, which will make business relations truly transparent, effective and reliable.
Rating score "В2"
High Fraud Rate
ICO Research Report - BET Token Issuance by DAO.Casino Token Rating
We compare the business model of DAO.Casino project to 2 innovative companies in online gambling. One is a proven success in the form of Betfair, now Paddy Power Betfair. The second is yet to be a proven success in the form of Betable, but having been able to raise over USD 18 million in Venture Capital funding.
We also take an in depth at the DAO.Casino business model and roadmap and how their roadmap and protocol could work with the gambling industry.
We conclude that DAO.Casino token issue is a rare event in the ICO space. DAO.Casino is a B2B project (with MVPs released) that solves a current, identifiable real-world problem in a multi-billion dollar industry. The BET token issuance represents a chance to buy into the vision of a good team through a modest ICO with decent terms.
In the keynote 2022 Digital Asset Outlook report, we performed a deep dive into the 12 + 1 key themes, which will have the most significant disruptive effect and incremental delta in 2022. The report features exclusive insights from pioneers in digital assets, blockchain investing, NFT, metaverse and gaming, legal and cybersecurity.
United Traders – investment attractiveness report (Digital Rating Agency)digitalrating
The project team has a pragmatic approach to the problems existing in the cryptocurrency ecosystem and proposes to solve them by introducing a complex of products to the market, within the framework of a single platform. The concept and tools the developers offer are necessary for the further development of the entire cryptocurrency market.
The platform modules created by United Traders already have working prototypes, which should allow it to attract large amounts of capital. The project conducts a massive advertising campaign. The team has presented a detailed road map and financial plan, specifying its targets. All of the above leave no doubt as to the serious intentions of the project’s developers and the possibility of implementing the project.
Rating score "A2"
High Quality Rate
Nousplatform is a service provider for investment funds and investors. The project team is seeking to create a new investment fund platform utilizing innovative blockchain technology. Investment funds and investors face many obstacles, such as raising capital; transparency of operations; decentralized data storage of equity assets for every investor; high liquidity; and elimination of intermediaries. Nousplatform is a platform for the collaboration of investment funds and investors. The platform includes a personal back office, statistical reports, and wallets, as well as lists of funds and their ratings. For investors, the platform is a turnkey solution for managing assets.
Rating score "B1"
Medium Quality Rate
NITRO is an independent, online, blockchain-based collaboration platform that seeks to connect to the video games economy, bringing together various stakeholders to achieve growth for the NITRO network.
Rating score "A2"
High Quality Rate
Jincor is a platform which will allow any business to work with smart contracts and cryptocurrency payments easily with no legal, technical, or operational complications and in a cost-efficient manner. While existing solutions offer to solve just one problem at a time, our team build up a useful, secure and easy-to-use product, which will include smart contracts constructor, cryptocurrency payments, and even a digital arbitration system to work out the right judgements on unclear matters related to smart contracts performance. In the end, Jincor aims to integrate all companies, employees and business assets into a unified blockchain ecosystem, which will make business relations truly transparent, effective and reliable.
Rating score "В2"
High Fraud Rate
ICO Research Report - BET Token Issuance by DAO.Casino Token Rating
We compare the business model of DAO.Casino project to 2 innovative companies in online gambling. One is a proven success in the form of Betfair, now Paddy Power Betfair. The second is yet to be a proven success in the form of Betable, but having been able to raise over USD 18 million in Venture Capital funding.
We also take an in depth at the DAO.Casino business model and roadmap and how their roadmap and protocol could work with the gambling industry.
We conclude that DAO.Casino token issue is a rare event in the ICO space. DAO.Casino is a B2B project (with MVPs released) that solves a current, identifiable real-world problem in a multi-billion dollar industry. The BET token issuance represents a chance to buy into the vision of a good team through a modest ICO with decent terms.
In the keynote 2022 Digital Asset Outlook report, we performed a deep dive into the 12 + 1 key themes, which will have the most significant disruptive effect and incremental delta in 2022. The report features exclusive insights from pioneers in digital assets, blockchain investing, NFT, metaverse and gaming, legal and cybersecurity.
Is there a token for that? Tokens demystified.Jan Brejcha
This presentation aims at providing a brief introduction to crypto tokens, how they can be beneficial for the users, and why they can disrupt current industries. Various examples will be discussed.
Crypto tokens are a special kind of signs representing objects and/or functions living in the underlying blockchain, and can be generated by smart contracts.
Tokens enable the viability of open source protocols, and dApps (decentralized applications), which was previously unattainable.
Current regulatory frameworks try to mitigate frauds in ICOs, while helping establish tokens as a new asset class.
Applying the Howey Test to the DAO Tokens- On July 25, 2017, the SEC issued its Report on an investigation into an ICO and related activities by the DAO, an unincorporated entity, Slock.it UG (“Slock.it”), a German corporation, and various principals and participants. Previously in this Lawcast series I went through the parameters of the Howey Test to determine if a particular investment contract is a “security” under the federal securities laws. I also have detailed the relevant facts related to the DAO and its ICO offering.
Applying the Howey Test to the DAO Tokens, the SEC notes that “money” need not include cash, but rather can be anything of value. A contribution of ETH is an investment of “money” as considered by the Howey Test. Investors in the DAO were investing in a common enterprise with the expectation of profits, including dividends and increased value. The SEC also found that the profits were to be derived from the efforts of others, including Slock.it, its founders and the DAO curators...
ICO Pitchnight #1 by Catena Capital & Herdius and friendsBalazs Deme
The first ICO Pitchnight organized by Catena Capital and Herdius. Advice and learnings on already having done an ICO by Bricklock, on having already done an ICO in Germany by Herdius and planning on one by KYC solution Fractal.
BlockChain: Challenges & Opportunities Across Multiple Industries - by Juan L...Globant
Globant's webinar on Blockchain Technology by Juan LIanos & Joaquin Moreno highlighted why Blockchain is revolutionary, what are its application across industries, how can it revolutionize business practices, what are the regulations to abide and how Blockchain will transform the future of businesses.
Coin token ico really only have one utility — to act as simple stores of value with limited-to-no other functionality. By “simple” value, I mean value not represented or manifested through a variety of dynamic functions. Tokens are a completely different breed all together. They can store complex, multi-faceted levels of value. Forget everything you know about bitcoin and pre-mined coins and that entire ilk of tech, Ethereum tokens are generated by a Smart Contract System (SCS), are highly programmable and have multi-functionality because of it. They transcend being just a coin, and through their array of functions become something much more — “tokens”. Technically, they are not “offered”, they are “generated”. Probably the most accurate phrase of what’s going on during an Ethereum token launch is to describe it as a “Token Generation Event”, but I’m not sure TGE has the same flare as ICO. Nevertheless, a coin does one thing, and a token can do many things
Le white paper de l'Ilnas sur la blockchain et les DLTPaperjam_redaction
e White Paper, développé dans le cadre de la stratégie normative luxembourgeoise, vise à favoriser une meilleure compréhension du domaine blockchains et DLT, tant au niveau technologique qu’en termes de potentiel économique, mais également via une vue d’ensemble des travaux récemment initiés au niveau international pour la normalisation technique en relation. La mise en place de normes techniques offre, en effet, un support non négligeable pour les futurs développements de ces technologies, notamment en termes d’interopérabilité, de sécurité, de respect de la vie privée ou encore en matière de gouvernance.
Folks, recently I was invited by re-work to be a speaker at the Deep Learning in Finance Summit held in Singapore. First of all, I wanted to thank the folks @ rework for organizing this fantastic event and inviting many talented speakers from the industry and academia. The entire 2 days agenda was a great platform to learn more about the latest happening in this area.
Regarding my presentation- The topic was “ Deep Learning & Fraud Detection in Fintech Lending”. Some of the key points that were covered during this presentation are-
Types of fintech
Key drivers for fraud in fintech lending
Common fraud modus operandi ( MOs) in fintech lending
Why deep learning for fraud detection
Sample deep learning application areas in fraud detection-
Anomaly detection using Autoencoder/ Replicator Neural Network
Social network analysis ( SNA)
Demo of Multi Layer Perceptron ( MLP) deep learning classifier built using Python, Tensorflow and Keras along with vital statistical parameters such as accuracy, logloss, precision, recall, fscore etc.
I am attaching the full presentation here. Do share your thoughts…
Happy reading.
Cheers!
-RP
LaLa World - investment attractiveness report (Digital Rating Agency)digitalrating
Lala World is a Singaporean start-up, founded in April 2016. By September 2016 the company had
opened its India office. In 2017, the company opened offices in Dubai and Malaysia and found partners
in The Middle East and Africa.
Rating score "В1"
Low Fraud Rate
Robomed Network issues its own tokens to support smart contract between healthcare providers and patients. RBM smart medical contract elevates service value by granting its owner full accomplishment of clinical guidelines for specific case by healthcare provider. Robomed clinical guidelines are subject to constant improvement by the professional medical community, motivated for higher goals and bonuses by Robomed Network.
Rating score "В1"
Low Fraud Rate
Is there a token for that? Tokens demystified.Jan Brejcha
This presentation aims at providing a brief introduction to crypto tokens, how they can be beneficial for the users, and why they can disrupt current industries. Various examples will be discussed.
Crypto tokens are a special kind of signs representing objects and/or functions living in the underlying blockchain, and can be generated by smart contracts.
Tokens enable the viability of open source protocols, and dApps (decentralized applications), which was previously unattainable.
Current regulatory frameworks try to mitigate frauds in ICOs, while helping establish tokens as a new asset class.
Applying the Howey Test to the DAO Tokens- On July 25, 2017, the SEC issued its Report on an investigation into an ICO and related activities by the DAO, an unincorporated entity, Slock.it UG (“Slock.it”), a German corporation, and various principals and participants. Previously in this Lawcast series I went through the parameters of the Howey Test to determine if a particular investment contract is a “security” under the federal securities laws. I also have detailed the relevant facts related to the DAO and its ICO offering.
Applying the Howey Test to the DAO Tokens, the SEC notes that “money” need not include cash, but rather can be anything of value. A contribution of ETH is an investment of “money” as considered by the Howey Test. Investors in the DAO were investing in a common enterprise with the expectation of profits, including dividends and increased value. The SEC also found that the profits were to be derived from the efforts of others, including Slock.it, its founders and the DAO curators...
ICO Pitchnight #1 by Catena Capital & Herdius and friendsBalazs Deme
The first ICO Pitchnight organized by Catena Capital and Herdius. Advice and learnings on already having done an ICO by Bricklock, on having already done an ICO in Germany by Herdius and planning on one by KYC solution Fractal.
BlockChain: Challenges & Opportunities Across Multiple Industries - by Juan L...Globant
Globant's webinar on Blockchain Technology by Juan LIanos & Joaquin Moreno highlighted why Blockchain is revolutionary, what are its application across industries, how can it revolutionize business practices, what are the regulations to abide and how Blockchain will transform the future of businesses.
Coin token ico really only have one utility — to act as simple stores of value with limited-to-no other functionality. By “simple” value, I mean value not represented or manifested through a variety of dynamic functions. Tokens are a completely different breed all together. They can store complex, multi-faceted levels of value. Forget everything you know about bitcoin and pre-mined coins and that entire ilk of tech, Ethereum tokens are generated by a Smart Contract System (SCS), are highly programmable and have multi-functionality because of it. They transcend being just a coin, and through their array of functions become something much more — “tokens”. Technically, they are not “offered”, they are “generated”. Probably the most accurate phrase of what’s going on during an Ethereum token launch is to describe it as a “Token Generation Event”, but I’m not sure TGE has the same flare as ICO. Nevertheless, a coin does one thing, and a token can do many things
Le white paper de l'Ilnas sur la blockchain et les DLTPaperjam_redaction
e White Paper, développé dans le cadre de la stratégie normative luxembourgeoise, vise à favoriser une meilleure compréhension du domaine blockchains et DLT, tant au niveau technologique qu’en termes de potentiel économique, mais également via une vue d’ensemble des travaux récemment initiés au niveau international pour la normalisation technique en relation. La mise en place de normes techniques offre, en effet, un support non négligeable pour les futurs développements de ces technologies, notamment en termes d’interopérabilité, de sécurité, de respect de la vie privée ou encore en matière de gouvernance.
Folks, recently I was invited by re-work to be a speaker at the Deep Learning in Finance Summit held in Singapore. First of all, I wanted to thank the folks @ rework for organizing this fantastic event and inviting many talented speakers from the industry and academia. The entire 2 days agenda was a great platform to learn more about the latest happening in this area.
Regarding my presentation- The topic was “ Deep Learning & Fraud Detection in Fintech Lending”. Some of the key points that were covered during this presentation are-
Types of fintech
Key drivers for fraud in fintech lending
Common fraud modus operandi ( MOs) in fintech lending
Why deep learning for fraud detection
Sample deep learning application areas in fraud detection-
Anomaly detection using Autoencoder/ Replicator Neural Network
Social network analysis ( SNA)
Demo of Multi Layer Perceptron ( MLP) deep learning classifier built using Python, Tensorflow and Keras along with vital statistical parameters such as accuracy, logloss, precision, recall, fscore etc.
I am attaching the full presentation here. Do share your thoughts…
Happy reading.
Cheers!
-RP
LaLa World - investment attractiveness report (Digital Rating Agency)digitalrating
Lala World is a Singaporean start-up, founded in April 2016. By September 2016 the company had
opened its India office. In 2017, the company opened offices in Dubai and Malaysia and found partners
in The Middle East and Africa.
Rating score "В1"
Low Fraud Rate
Robomed Network issues its own tokens to support smart contract between healthcare providers and patients. RBM smart medical contract elevates service value by granting its owner full accomplishment of clinical guidelines for specific case by healthcare provider. Robomed clinical guidelines are subject to constant improvement by the professional medical community, motivated for higher goals and bonuses by Robomed Network.
Rating score "В1"
Low Fraud Rate
The Dreamteam project was founded in 2017, with the goal of creating a global, all-in-one platform as a service (PaaS) for the creation, development, management, and monetization of e-sport teams, and to build a system to manage relations between players, teams, coaches, analysts, and sponsors based on the trust and transparency of smart contracts.
Rating score "В1"
Medium Fraud Rate
The development of Privatix Limited is a network of Privatix that allows to reduce costs and increase the profitability of the business in the consumer VPN market, eliminating the intermediary services and giving people the opportunity to share their communication channels through P2P network. Privatix is decentralized and autonomous P2P VPN Network on blockchain with the first Internet bandwidth marketplace powered by its own crypto-economy.
Rating score "B2"
Medium Fraud Rate
KickCity is a social event platform that combines the organizers and participants of the events. KickCity team members are developing a decentralized P2P Protocol for event-marketing, in which users will be rewarded for promoting various events.
Rating score "B1"
Medium Fraud Rate
With a market capitalization of $2.03 billion, the crypto business has gone to glorious extents. Without a doubt, investors keep on pouring more cash into Bitcoin (BTC) and Ethereum (ETH). Today, there are 457 exchanging platforms across the world.
This presentation is the outcome of a personal research project that was shared with the global Valtech Future Studio community. In the next slides, you will find real cases of startups, insights, mental models and frameworks. To learn more about the impact of this technology, I recommend the following resources:
Whitepaper - Blockchain beyond the hype. A practical framework for business leaders’ by the World Economic Forum: https://www.weforum.org/whitepapers/blockchain-beyond-the-hype
Video - ‘Bitcoin as a tool for economic empowerment’ with Cathie Wood, Elon Musk and Jack Dorsey: https://www.youtube.com/watch?v=Zwx_7XAJ3p0
Video - ‘Cardano and the smart contract war’: https://youtu.be/BjNwEULkWs4
Video - “The best bitcoin debate ever recorded”: https://youtu.be/zA5jnK4v884
Video - In-depth discussion about Bitcoin, crypto & macro markets: https://www.youtube.com/watch?v=XlXxiDhP6bg&t=5084s
Article - “The blockchain economy: A beginner’s guide to institutional crypto economics”: https://medium.com/cryptoeconomics-australia/the-blockchain-economy-a-beginners-guide-to-institutional-cryptoeconomics-64bf2f2beec4
FewerClicks Software Blockchain development presentationashish2509
We provide our clients with the ability to improve the productivity and competitiveness of their organization or business, through the implementation and customization of technological solutions and consulting services for the automation, interoperability, and alignment of their processes, data, applications, and infrastructure with organizational goals and objectives.
BitClave was founded in 2016 to rethink and rebuild the relationship between businesses and customers based on
the trust and transparency of smart contracts. The company plans to transform the Internet advertising market,
which is currently monopolized by giant corporations and controlled by intermediaries.
Rating score "A1"
Low Fraud Rate
8 Steps for launching an Initial Offering.pdfchainsense
Over the past 10 years, the use of cryptocurrencies and virtual currencies has significantly expanded. Crowdfunding using any of the various initial offerings is a neat way to move past the bootstrap phase onto the next.
Such crowdfunding methods continue to evolve over a course of the past decade and are very important in addressing the shortcomings of traditional fundraising platforms. One of the most popular ways for new web3 enterprises competing for the interest of foreign investors to raise money is through an Initial Offering (IO). This page clarifies how IO development works.
The Top 5 Mistakes in Blockchain Projects Implementation | Bockchain Adoption...Fluence.sh
The world continues to surprise the public with a constantly-growing number of different projects. One of these marvels is the blockchain, which hosts many successful ventures on the blockchain project ecosystem. But most of these business schemes become inactive because of the problems they were faced during blockchain implementation. The question is: how to start and not to fail in the deployment of decentralized technologies? Below are the issues covered in this presentation:
1. Wrong Statement of Project During ICO/Token Introduction.
2. Wrong Decision on Blockchain Type and Consensus.
3. Wrong Business Model.
4. Profitability versus Cryptocurrency Return.
5. Wrong Market Estimations.
Webinar presented live on May 17, 2017
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, IoT, supply chain, manufacturing and technology.
In this webinar, Dan O'Prey, CMO at Digital Asset and Chair of the Hyperledger Marketing Committee, and IBM’s Chris Ferris, chair of the Hyperledger Technical Steering Committee, will provide an overview of Hyperledger. They will discuss the basics of distributed ledger technologies, business use cases for blockchain, and how to get involved with Hyperledger projects.
To view a video recording, visit: http://www.cloud-council.org/webinars/the-hyperledger-project-advancing-blockchain-technology-for-business.htm
With the rise of Blockchain and cryptocurrency, there has been a surge in demand for Blockchain experts and professionals who can leverage this technology for the benefit of the businesses. But at the same time, it has also paved the way for many new budding entrepreneurs to venture into the Blockchain segment by providing blockchain-based applications and solutions, which will eventually help the business grow. Besides some of the big names in the business, we are also witnessing many startups and new names venturing into this business.
The technology has traversed a roller coaster ride and emerged as a mainstream technology. Companies are now looking for individuals who are looking for Blockchain and digital marketing certification holders.
Ethearnal ⎼ это независимая P2P-платформа, связывающая работодателей и фрилансеров и позволяющая заключать договоры трудового найма на базе смарт-контракта (с использованием эскроу-соглашения), а в случае возникновения споров между участниками платформы ⎼ использовать децентрализованную систему модераторов. Ethearnal соединяет репутацию и экономические инициативы, токенизируя репутацию и придавая ей ценность. Таким образом, все стороны, включая модераторов, имеют понятную и высокую мотивацию, чтобы действовать честно.
Quality Rate High
Проект Datarius — это социальный криптобанк нового типа с прозрачными условиями. В криптобанковской отрасли Datarius станет первым финансовым институтом, способным предложить своим клиентам полный спектр финансовых услуг, которые осуществляются в рамках децентрализованной системы.
Quality Rate High
Solve.Care ⎼ платформа, созданная с целью децентрализации и полного переосмысления управления программами здравоохранения в глобальном масштабе. Solve.Care позволит напрямую взаимодействовать потребителям и поставщикам медицинских услуг, страховщикам и государственным медицинским учреждениям, что поможет сократить расходы, оптимизировать структуру платежей и в целом вывести область администрирования медицинских программ на качественно новый уровень, устранив неэффективность и возможность мошенничества в системе.
Quality Rate Medium
ViMarket – это площадка, на которой выставляются товары в формате 3D. Данная площадка позволяет
пользователям создавать объекты в виртуальной реальности (VR) и обмениваться опытом взаимодействия в
ней. ViMarket помогает пользователям визуализировать товары, преобразуя традиционный 2D-просмотр в
режиме реального времени в увлекательный просмотр 3D-предметов в VR.
Quality Rate Medium
United Traders – отчет об инвестиционной привлекательности (Digital Rating Ag...digitalrating
Команда проекта демонстрирует прагматичную позицию по отношению к проблемам, существующим в криптовалютной экосистеме, и предлагает решить их путем внедрения на рынок комплекса продуктов в рамках единой платформы. Концепция и инструменты, которые предлагают разработчики, необходимы для дальнейшего развития всего криптовалютного рынка.
Модули, созданные United Traders в рамках своей платформы, уже имеют рабочие прототипы и позволят привлечь крупные капиталы. Проект проводит массированную рекламную компанию. Команда представила подробную Road Map и финансовый план, обозначив целевые показатели. Все вышеперечисленные факты не оставляют сомнений в серьезных намерениях разработчиков проекта и в возможностях реализации намеченных планов.
Pейтинг "A2"
High Quality Rate
Nousplatform – отчет об инвестиционной привлекательности (Digital Rating Agency)digitalrating
Nousplatform ⎼ поставщик услуг для инвестиционных фондов и инвесторов. Команда проекта предлагает новый подход к созданию фондов, который позволяет внедрять блокчейн-технологию в инвестиционную среду и решать такие задачи, как привлечение капитала, прозрачность деятельности фондов, децентрализованное хранение долевых активов инвесторов, высокая ликвидность, отсутствие посредников и многое другое. Фактически Nousplatform ⎼ коммерческая платформа для взаимодействия фондов и инвесторов. В нее входят личные кабинеты, статистика, кошельки и списки фондов. Для инвесторов платформа ⎼ решение под ключ для
управления своими средствами.
Pейтинг "B1"
Medium Quality Rate
NITRO – отчет об инвестиционной привлекательности (Digital Rating Agency)digitalrating
NITRO – это независимая, основанная на блокчейн-технологии онлайн-платформа для сотрудничества, которая
позволяет участвовать в экономике видеоигр, связывать всех заинтересованных людей, от простых геймеров до
крупных инвесторов и игровых студий, для общей цели ⎼ развития индустрии видеоигр и роста общей сети NITRO.
Pейтинг "A2"
High Quality Rate
Ins Ecosystem – investment attractiveness report (Digital Rating Agency)digitalrating
INS Ecosystem is creating a new form of interaction between manufacturers and customers, bypassing the existing
paradigm and eliminating intermediaries such as retailers.
The INS Ecosystem team plans for the project to become the first global decentralized platform where customers can
buy goods directly from manufacturers at low and transparent prices.The INS token is to incorporate a customer loyalty
program as a means of encouraging users to buy and hold the token.The INS Ecosystem marketplace directly connects
manufacturers to customers of foodstuffs, and aims to implement various smart contracts to facilitate trade operations.
The project is supported by major partners and has a strong advisory board. The company has signed memorandums of
cooperation with major FMCG manufacturers. Nevertheless, there is no description of technical and legal issues, or a
detailed financial plan. The team consists of retail trade professionals, with extensive experience, but there is a lack of
blockchain technology experts.
Rating score "B1"
Medium Quality Rate
Ins Ecosystem – отчет об инвестиционной привлекательности (Digital Rating Age...digitalrating
INS Ecosystem собирается выстроить новую форму
взаимодействия производителя и потребителя, обойдя
сложившуюся парадигму и устранив такое важное звено, как ритейлеры.
Команда INS Ecosystem планирует создать первую глобальную децентрализованную продуктовую торговую
площадку, на которой потребители смогут покупать продукты непосредственно у производителей по низким
ценам. Токен INS планируется использовать в программе лояльности потребителей как средство поощрения.
Площадка INS Ecosystem напрямую свяжет производителей и потребителей продуктов питания, и для
облегчения торговых операций в нее будут внедрены различные смарт-контракты.
Проект поддерживают крупные партнеры и мощный консультативный совет. Подписаны меморандумы о
сотрудничестве с крупными FMCG-производителями. Тем не менее отсутствует описание технических и
юридических моментов и детальный финансовый план.
Команда состоит из профессионалов в области
розничной торговли с впечатляющим опытом, но специалистов по технологии блокчейн явно недостаточно.
Pейтинг "B1"
Medium Quality Rate
Kickcity – отчет об инвестиционной привлекательности (Digital Rating Agency)digitalrating
Команда KickCity ставит перед собой задачу по созданию социальной платформы, объединяющей организаторов и участников мероприятий, в рамках которой пользователи будут вознаграждаться за продвижение различных ивентов. P2P-протокол KickCity будет использовать смарт-контракты для распределения вознаграждений среди пользователей, основываясь на их вкладе в продвижение того или иного мероприятия.
Pейтинг "B1"
Medium Fraud Rate
Ammbr mesh network is a development of the non-profit organization Ammbr Foundation. The network is based on the blockchain technology and supports a number of wireless technologies, including wi-fi, broadband (LTE) and radio frequency connections.
Rating score "A2"
Low Fraud Rate
Ammbr - отчет об инвестиционной привлекательности (Digital Rating Agency)digitalrating
Ammbr mesh сеть является разработкой некоммерческой организации Ammbr Foundation. Сеть основана на технологии сети блокчейн и поддерживает ряд технологий беспроводной связи, в числе которых wi-fi, широкополосная связь (LTE) и радиочастотные соединения.
Pейтинг "A2"
Low Fraud Rate
DreamTeam - отчет об инвестиционной привлекательности (Digital Rating Agency)digitalrating
Проект DreamTeam основан в 2017 году. Его цель ⎼ внедрение глобального PaaS-решения «все в одном» для создания и развития киберспортивных команд, управления ими и монетизации их деятельности, а также для построения системы управления отношениями между игроками, командами, тренерами, аналитиками и спонсорами на основе доверия и прозрачности смарт-контрактов.
Pейтинг "B1"
Medium Fraud Rate
LaLa World - отчет об инвестиционной привлекательности (Digital Rating Agency)digitalrating
Lala World ⎼ стартап, основанный в апреле 2016 года в Сингапуре. К сентябрю 2016 года был открыт индийский
офис. В 2017 году компания открыла офисы в ОАЭ и Малайзии и нашла партнеров на Ближнем Востоке и в
Африке.
Pейтинг "B1"
Low Fraud Rate
Playkey, a leading cloud gaming provider, is contemplating an ICO with the intent of exponentially accelerating the
pace of cloud gaming development through decentralization. The aim is to provide gamers with a reasonably-priced
opportunity to play top-rated games anytime and anywhere, using any device connected to Internet, without having
to purchase a high-end PC or console.
Rating score "A2"
Low Fraud Rate
Playkey - отчет об инвестиционной привлекательности (Digital Rating Agency)digitalrating
Playkey.io – компания-поставщик облачных игр. Она планирует провести ICO и рассчитывает, что это
многократно ускорит темпы развития платформы облачных игр за счет децентрализации. Цель этой
инициативы – дать геймеру возможность за небольшие деньги играть в ресурсоемкие игры в любое время, в
любом месте и на любом устройстве, подключенном к Интернету, не покупая мощный компьютер или
игровую консоль.
Pейтинг "A2"
Low Fraud Rate
Biocoin - отчет об инвестиционной привлекательности (Digital Rating Agency)digitalrating
Международная блокчейн-платформа BioCoin и токены BIO (биокоины) — это система взаиморасчетов,
которая позволяет ускорить темпы развития и увеличить обороты всех бизнесов, присоединившихся к
платформе.
Pейтинг "A2"
Low Fraud Rate
BioCoin's international blockchain platform and BIO tokens (BioCoins) form a settlements system that allows
businesses that join the platform to accelerate growth and increase turnover.
Rating score "A2"
Low Fraud Rate
MicroMoney - отчет об инвестиционной привлекательности (Digital Rating Agency)digitalrating
Компания Micromoney была основана в качестве финансовой организации, занимающейся
микрокредитованием. Она продолжает развивать свою деятельность и намерена
превратиться в децентрализованное бюро кредитных историй и центр обработки big data на
базе блокчейн. С 2015 года компания предоставляет физическим лицам и малым
предприятиям краткосрочные займы для удовлетворения их финансовых потребностей,
используя систему оценки кредитоспособности на основе искусственной нейронной сети
(ИНС).
Pейтинг "B1"
Low Fraud Rate
1. Инвестиционная оценка ICO проекта
DREAMTEAM
INVESTMENT EVALUATION
OF ICO PROJECT
dimensions.network
ICO:
24.01.2018 – 24.02.2018
Digital Rating Agency
digrate.com
AVERAGE SCORE
3,9 / 7,0
Low
Quality Rate
2. Investment evaluation of Dimensions Network ICO
LIMITATION OF LIABILITY
This information may be distributed in any way or in any form without prior consent of DigRate but with links to
www.digrate.com
This evaluation expresses the views of DigRate and does not constitute a statement of fact or recommendation to buy,
hold, or sell these or any other assets, or make investment decisions. DigRate assumes no responsibility for any
consequences, interpretations, conclusions, recommendations or other actions directly or indirectly related to the
evaluation performed by DigRate, or the observations and conclusions contained in the ratings report and press
releases, or the absence of any of the above. Current valuations and recommendations can only be found on the official
website www.digrate.com.
The evaluation is only a reflection of DigRate’s review of the documents and other resources available as of the time of
the publishing of this report. Any updates and/or changes to the documents following the date of the publication of this
document are not considered in the evaluation.
The DigRate team expresses its respect to all enthusiasts of the cryptocurrency world.
The legal opinion was prepared by NewLawyers.
2
3. Investment evaluation of Dimensions Network ICO
CONTENTS 3
OFFICIAL INFORMATION 4
INVESTMENT EVALUATION 5
RECOMMENDATIONS 7
Project Concept 9
Business Model 16
The Tech 20
Tokens 24
Legal Documentation 29
Legal Opinion 33
Media Environment 43
Team 48
Project Support 52
4. Investment evaluation of Dimensions Network ICO
OFFICIAL INFORMATION 4
Dimensions Network is a hybrid trading platform that offers the following products:
● Coin Pairs
● Margin
● Shorting
● Options Contracts
● Futures Contracts
The Dimensions platform is written with Erlang to ensure maximum scalability and nonstop availability. Erlang’s uses
include for telecoms, banking, e-commerce, computer telephony and instant messaging. Erlang's runtime system has
built-in support for concurrency, distribution and fault tolerance.
Dimensions plans to support traditional trading pairs, options, and futures contracts, among many other services. The
company seeks to expand its services in a decentralized network and offer users secure real-time cryptocurrency
trading.
Dimensions plans initial listings on Etherdelta, Liqui, Bittrex, Binance in the beginning of 2018.
5. Investment evaluation of Dimensions Network ICO
5INVESTMENT EVALUATION | Conclusion
Low development
potential, highly
speculative
investment
Dimensions Network is a multi-featured cryptocurrency trading platform, with support for national currency
deposits and withdrawals. An aggregator allows for more efficient and profitable trading. The platform
supports options and futures trading.
The concept and tools that the developers offer are necessary for the further development of the whole
crypto-exchange market. Dimensions Network has a demo version of the platform, but it is limited in
functionality. The project team also submitted a detailed roadmap and financial plan specifying targets.
The information presented in the whitepaper is insufficient for a full evaluation of the business model of the
project. It is also not specified how and when the project developers plan to start the implementation of
blockchain technologies technically, because, according to the team, there is currently no technology that can
support real-time trading. One of the advantages of the project is a detailed analysis of the competitive
environment, although information about the legal structure of the company and the experience of the team
members is not fully disclosed, which leaves some doubt as to the intentions of the founders and the team's
capabilities to implement their plans.
The project’s advisory board does not include well-known experts in the blockchain field to date, the team has
not signed any partnership agreements with any major companies, and the project has not been able to
attract major VC investors. Furthermore, the popularity of the project is low, although the team has presented
a marketing plan.
6. Investment evaluation of Dimensions Network ICO
QUALITY RATE 6
DISADVANTAGES
How do we evaluate the Quality Rate?
LOW
Quality RateADVANTAGES
● The project’s business model lacks information
about the need to issue additional iSTC tokens,
and their volume and price.
● Information about the team members experience is
not disclosed.
● The problems identified by the project developers
are not particularly significant.
● The demo version of the product demonstrates a
very limited part of the final functionality, and
cannot be seen as a prototype.
● The founders of the project are well-known in
professional circles.
● The team has presented a development strategy and
financial plan.
7. Investment evaluation of Dimensions Network ICO
● Create a prototype product with full functionality
● Make the legal side of the project more transparent
● Describe in which countries and how activities will be initiated, with whom,
and what contracts are to be signed for legal transparency of the process
● Attract investment funds and major well-known companies
● Carry out a safety audit of the crowdsale contract
● Work out a number of additional measures to protect investors from token
devaluation
● Work out possible factors of regulatory and legal risks
● Work out a deeper and more detailed business model for the project
● Attract more well-known and specialized blockchain field consultants
● Provide links to team members’ social network profiles
● Start implementing a marketing plan
7
What can
be improved?
RECOMMENDATIONS
8. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Conclusion 8
AVERAGE SCORE
3,9
Criteria Score
Does the problem the project plans to solve really exist? 4
Is the company’s product unique? 4
Does the team understand its competition? 6
Has the project laid out its operating business model? 4
Is there a clear roadmap and financial plan?
Is blockchain technology a solution to the market problem?
Is there already a working product that can be sold to customers?
Is the project technology safe for network members?
6
5
2
2
Is the issuance of tokens limited? 6
Is there an asset base that would protect current holders from token devaluation? 5
Do the project participants have a clear motivation for owning the tokens? 5
Is the company’s legal structure transparent? 4
Has the company taken preventive measures to avoid problems with ICO market regulators? 4
Is the project popular on social networks and in thematic communities? 3
Is the project widely discussed in blockchain news resources? 3
Does the project team have extensive experience and a strong track record? 4
Does the project have a strong advisory board? 3
Are the project’s partners large and well-known? 2
Is the project attracting large VC investors? 2
10. Investment evaluation of Dimensions Network ICO
10INVESTMENT EVALUATION | Concept
Does the problem the project plans to solve really exist?
The project developers distinguish two main problems in cryptocurrency trading:
1. Lack of opportunities for derivatives trading. To date, the bulk of crypto trading is in the purchase and sale of
basic cryptocurrencies. At the same time, not many exchanges offer users derivatives trading (except for Bitcoin
derivatives).
2. The inaccessibility of popular exchanges in periods of high price volatility. There are cases when the
exchanges have halted operations due to overloads due to rapid growth in trading volumes, which entailed delays
in the execution of orders and financial losses for users. This indicates the inability or unwillingness of even the
largest exchanges to cope with the massive demand for cryptocurrencies.
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
11. Investment evaluation of Dimensions Network ICO
11INVESTMENT EVALUATION | ConceptINVESTMENT EVALUATION | Concept
Digrate experts believe the problems identified by the Dimensions Network developers are not particularly significant.
Most likely the absence of derivatives for cryptocurrencies (with the exception of Bitcoin) is explained by the lack of
significant demand. Furthermore, if demand rises, derivatives on alternative cryptocurrencies will likely appear on most
exchanges with derivatives support.
The project developers state that initially the exchange will be centralized, and then, when new blockchain technologies
are introduced they will be implemented on the basis of the already functioning exchange. However, the company is not
developing its own blockchain, and instead plans to use third-party products, which are likely to be used for the
development of other decentralized exchanges.
12. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Concept 12
Is the company’s product unique?
Today, most people who want to participate in crypto trading face the difficult task of choosing a crypto exchange. There
is a wide range of crypto exchanges and one of the main criteria when choosing an exchange is the user's preference
for the structure - centralized or decentralized. Both structures have advantages and disadvantages. Centralized
exchanges are characterized by high transaction speeds, high liquidity and the ability to process a large number of
transactions at once. Decentralized exchanges guarantee users a high level of fund security, while centralized
exchanges have repeatedly been subject to hacker attacks, and users have lost their funds.
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
13. Investment evaluation of Dimensions Network ICO
At the initial stage, the Dimensions Network project plans to launch a centralized exchange, and then, with the
development of the blockchain technology, proposes introducing a blockchain system based on the already functioning
exchange. Thus, within the same platform, the user will have a choice regarding exchange structure. The team also
plans for the exchange to offer derivatives for cryptocurrencies in addition to currency pairs. In today's market, only a few
exchanges offer these trading tools, and, combined with the hybrid structure of the exchange, the project could
potentially interest users.
However, the solutions proposed by the project team are likely to be used by other exchanges as demand for
cryptocurrency derivatives and the development of blockchain technology increases. Thus, it will be difficult for the
project to compete with the top exchanges and the likelihood of high demand is questionable.
INVESTMENT EVALUATION | Concept 13
14. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Concept
Does the company understand its competition?
The project developers have provided an in-depth analysis of the competitive environment. The Deribit and LedgerX
exchanges have been identified as direct competitors that also offer users derivatives trading. The developers analyzed
the strengths and weaknesses of the competition. The team notes that Deribit can only trade derivatives for Bitcoin, and
LedgerX only serves US citizens and focuses on institutional investors. Both platforms are centralized and do not plan to
introduce a decentralized structure, which carries additional risk. The developers note that at the moment, several new
projects are under development, which include exchange platforms and derivatives trading. Most of them are focused on
building decentralized networks based on underdeveloped technologies, which will require considerable time for
development and will not be sufficiently effective.
14
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
15. Investment evaluation of Dimensions Network ICO
The project team states that their main advantage is the creation of a centralized platform through which they can build
an efficient exchange and attract as many users possible, as quickly as possible. With the development of blockchain
technology, they will be able to choose a progressive and optimal technology to introduce to an already functioning
business, with a sufficient number of users, thereby increasing security for users.
INVESTMENT EVALUATION | Concept 15
17. Investment evaluation of Dimensions Network ICO
Based on the whitepaper, the main source of income for the project will be commission fees of 0.2%. However, the
developers claim they will adjust commissions to maintain competitiveness and focus on the commissions of the popular
Kraken exchange. The following categories of users have been identified as the target audience: traders and investors,
miners, banks, hedge funds, and independent users. Additionally, within the framework of introducing a decentralized
structure, the developers are planning to issue an additional currency, which the team says will be called iSTC. The
currency is to be released no sooner than the blockchain technology that will be able to support real-time cryptocurrency
trading. However, the developers do not plan to independently develop this kind of blockchain.
INVESTMENT EVALUATION | Business Model 17
Has the project laid out its operating business model?
7 6 5 4 3 2 1
Strongly
Agree
Agree Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
18. Investment evaluation of Dimensions Network ICO
The iSTC tokens are to be issued free of charge to STC holders in proportion to STC volumes. The STC and iSTC
tokens are to be completely independent of each other. However, the mechanism for determining the initial price of
iSTC tokens and the output volume is unclear. The concept of implementing two independent tokens for single project
is questionable.
The team also introduced the concept of a liquidity aggregator. According to the developers, the key to attracting
institutional clients to the platform will be the availability of better liquidity. To this end, the team plans to create an
aggregator that will connect the platform with all large exchanges through their APIs, and add their liquidity to the
Dimensions Network platform.
The information provided in the whitepaper is insufficient for a full evaluation of the business model.
INVESTMENT EVALUATION | Business Model 18
19. Investment evaluation of Dimensions Network ICO
The team has provided a detailed development plan, divided into separate categories: development of a centralized
platform, obtaining banking licenses, developing a mobile app, developing and implementing a decentralized platform
structure, and developing new tokens and a real-time trading mechanism. The financial plan is presented in the budget
allocation scheme for the ICO. Additionally, the developers have presented expected compensation rates for token
holders from 2018 to 2023. The team presents five different scenarios, depending on the platform scaling speed. The
developers base their calculations on statistical indicators from the top 10 crypto exchanges.
INVESTMENT EVALUATION | Business Model
Is there a clear roadmap and financial plan?
19
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
21. Investment evaluation of Dimensions Network ICO
The need for the use of blockchain technology for the Dimensions Network crypto exchange is justified by the goal that
the developers of the project set themselves, namely, the creation of a hybrid-structure crypto exchange, where users
can choose exactly how they want to interact with the platform. The team has justified its decision to use this structure
and outlined the main advantages of the hybrid structure of the platform. At the same time, the project developers state
that modern blockchain technologies are insufficient to support large-scale turnover, provide sufficient liquidity and
provide high transaction speeds. They note that the introduction of blockchain technologies on the basis of a centralized
exchange will occur when these technologies are available, which is a vague timeframe and raises doubt about the full
implementation of the project.
INVESTMENT EVALUATION | Business Model 21
Is blockchain technology a solution to the market problem?
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
22. Investment evaluation of Dimensions Network ICO
The project team has presented a demo version of the exchange, available for testing on the Dimensions Networks
website. However, the software demonstrates very limited functionality. DigRate experts believe that version of the
exchange submitted should not be seen as a prototype.
A smart contract code for selling tokens, the protocol, and a smart contract for the platform are absent.
INVESTMENT EVALUATION | Business Model
Is there already a working product that can be sold to customers?
22
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
23. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | The Tech
As of December 13, 2017, a smart contract for the token sale was under development, so it was not possible to audit its
safety.
The centralized structure of the platform is insufficiently secure and, from the experiences of other platforms, could be
vulnerable to hacker attacks, with subsequent losses of funds.
Is the project technology safe for network members?
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
23
25. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Tokens
Is the issuance of tokens limited?
The project team plans to issue 240 million STC tokens (ERC20 protocol), with a base price of 0.00125 ETH per STC,
which will be distributed as follows: 60% is to be sold during crowdsale and pre-sale, 20% is to be allocated to advisory
board members and project partners, 10% is to be distributed amongst the project founders (founders’ tokens are to be
frozen for two years) and 10% is to be allocated to other employees. All unsold tokens are to be destroyed. Only ETH
can be used to buy STC. The team has not provided a soft cap, which shows that the team cannot determine the
minimum amount of funds needed to initiate the project. The developers state that they may revise this decision closer
to the ICO start date.
25
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
26. Investment evaluation of Dimensions Network ICO
The hard cap is 150,000 ETH, or $64 million (as of December 10, 2012) and, according to DigRate experts, is
overvalued.
INVESTMENT EVALUATION | Tokens 26
27. Investment evaluation of Dimensions Network ICO
The project team provides a number of measures to maintain the token exchange rate and protect it from devaluation:
● The release of the token is strictly limited (all unsold tokens are to be destroyed)
● The founders’ tokens are to be frozen for two years
● There is a mechanism of rewards payment to tokens holders, so it is profitable for investors to store them to
obtain passive income
Other mechanisms to preserve the token value are not envisaged by the developers.
INVESTMENT EVALUATION | Tokens
Is there an asset base that would protect current holders from token devaluation?
27
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
28. Investment evaluation of Dimensions Network ICO
Unlike most ICOs, the Dimensions Networks project tokens are not intended to be the internal currency of the platform.
As a reward, token holders will be given a 15% share of all commissions generated by the platform. During the first
stage, the rewards are to be distributed every three months in the Etherium tokens to all owners of STC tokens at the
date of the rewards allocation. The duration between the issuance of rewards is to decrease as the amount of rewards
increases. The project developers have also presented a financial plan describing the rate of growth for rewards going
forward. Thus, if the team's plans are implemented and the platform develops, it will be profitable for token holders to
hold STC.
INVESTMENT EVALUATION | Tokens
Do the project participants have clear motivation for owning the tokens?
28
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
30. Investment evaluation of Dimensions Network ICO
Basic legal information about the company can be found on the Singapore website bizfile.gov.sg. Dmns Networks PTE
LTD is registered in Singapore under the number 201731460N, at 15 Flora Road # 07-06 Avila Gardens, Singapore
509734. Legal documents for the legal entity and on the structure of the company, shareholders, directors, and
authorized capital have not been published on official company sources.
The project team has decided against using an escrow account, which carries additional risks for investors. The project
founders state that the use of escrow is unsafe, citing the loss of money associated with multi-signatures in the
Polkadot project.
INVESTMENT EVALUATION | Legal Documentation
Is the company’s legal structure transparent?
30
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
31. Investment evaluation of Dimensions Network ICO
Terms & Conditions and Privacy Policy are present. The team published a list of three countries (the United States,
Singapore, and China) whose citizens are prohibited from purchasing tokens. The IP addresses of these countries are to
be automatically blocked when attempting to buy STC. Project tokens are not a settlement facility on the platform, and
exclusively serve to reward holders. The Howey Test has not been conducted by an independent party, but it is likely
that in most jurisdictions the token will be defined as a security. This may potentially create obstacles for the project,
especially considering the tightening of securities market requirements and ICO market regulators in relation to
cryptocurrencies in different countries.
INVESTMENT EVALUATION | Legal Documentation
Has the company taken preventive measures to avoid problems with ICO market regulators?
31
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
32. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Documentation 32
The issue of adapting to new regulatory conditions for the cryptocurrency industry has not been analyzed by the
developers. Additionally, the issue of compliance with KYC and AML requirements is insufficiently worked out. However,
the project team claims they are negotiating with outside organizations to cooperate in this field and will publish the
results of the negotiations and the final choice of partners for KYC procedures.
To date, operations with fiat funds (input and output) are one of the main problems in cryptocurrency trading. However,
the team claims the company intends to obtain banking licenses, which will allow Dimensions Network to accept dollars,
euros and other major world currencies. Furthermore, according to the team, the system will offer users to possibility to
freely send fiat directly to their bank accounts.
34. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Opinion 34
SUBJECT
● This report analyzes the Strike Coin or STC token issued for the Dimensions Network (Project) ICO.
● The results of this analysis can be used taking into account the limitations at the end of the report.
DOCUMENTATION
● The main marketing material for the tokens is the whitepaper.
● The whitepaper is also accompanied by a document describing the key conditions for the acquisition of tokens
(T&C). The peculiarity of the document is that it does not contain an indication of the token seller.
● In general, the the Dimensions Network website provides the same information as the whitepaper, with additional
information about the project team.
● In addition to the T&C, the Privacy Policy is also available on the website.
● The whitepaper, T&C, and Privacy Policy are hereinafter referred to as “The Documents”.
● The last access to The Documents was on December 8, 2017.
● Information about any law firms cooperating with the project could not be found.
35. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Opinion 35
TOKEN
Rights granted to token holders
● The team claims the token will provide the owner a wide range of opportunities. However, in fact, it all boils down
to the fact that in exchange for token acquisition, holders receive the right to part of the commissions from the
implementation of transactions by third parties using the platform for trading options, futures and other derivatives.
● It is assumed that payments will be carried out quarterly, with a subsequent increase in the frequency of up to one
day.
● The T&C do not contain any information about the capabilities of token. There is a possibility that buyers who
have not read the T&C will get an erroneous idea of the rights they have acquired.
Token Issuer
● The team uses the following token placement structure:
○ With some degree of probability, it can be argued the token issue is carried out by Dimensions Network
Pte. Ltd.
36. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Opinion 36
○ Token sales are carried out by the distributor, which "may be an affiliate", Dimensions Network Pte. Ltd.
Funds from the sale will be transferred to this company by the distributor.
● What Dimensions Network Pte. Ltd. is and in what jurisdiction it is registered is not specified in either the
whitepaper or the T&C. Furthermore, it is unclear what should be understood by “distributor”.
● Thus, it is impossible to say with whom the T&C is concluded, and who has an obligation to token holders. As a
consequence, the ability of the team to really bear responsibility to token holders is questionable.
Know Your Client
The Documents do not contain information about what KYC procedures are planned to be used by the team and
whether they are indeed planned at all.
Terms of Tokens sale
● The token sale is based on the T&C. In general, the level of elaboration of this document is not high.
● At the same time, significant efforts were made in the T&C to limit liability to token holders.
37. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Opinion 37
In essence, the T&C are limited to describing cases, circumstances and mechanisms to comprehensively limit the
issuer's liability, as well as the seller’s (whoever that is).
● There is no other significant information in the T&C.
MANAGING THE RISK OF TOKENS QUALIFYING AS SECURITIES
● The team believes that the token is not a security. This idea is traced in all the documents and, in particular, is
shown by the relevant provisions in the T&C and the assurances of token buyers, "confirming" this fact with the
agreement.
● However, there is no justification for this position. In particular, it was not clear whether the team consulted
lawyers, whether it tried to independently assess the "value" of the token, including with the Howey Test.
● Meanwhile, the risk of the token qualifying as a security seems quite realistic due to the structure of token and the
opportunities provided to its owners. The fact that the documents repeatedly state the opposite does not lead to a
reduction in risk of the corresponding qualification.
● At the same time, most likely in order to avoid the risk the token qualifying as a security, the team takes a number
of measures to prohibit the acquisition of tokens by citizens of the United States and Singapore.
38. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Opinion 38
● Chinese citizens are also forbidden to purchase tokens. There are no other jurisdictions that could potentially
have a negative impact on the token sale in The Documents.
● How the team intends to verify compliance with these prohibitions is unclear, especially given the uncertainty
about KYC plans.
● The only mechanism that, according to whitepaper, the team plans to use is the restriction of access to token
purchases based on IP addresses.
USE OF RAISED FUNDS FROM THE TOKEN SALE
● The whitepaper specifies the purposes for which funds from the token sale will be used. The funds will be sent
from the distributor to Dimensions Network Pte. Ltd
HOLDING STRUCTURE
● There is no clarity about the holding structure of the project.
● In The Documents, only Dimensions Network Pte. Ltd is mentioned. The jurisdiction of the company is not
specified anywhere; however, it is most likely Singapore. Information about the company on specialized websites
in Singapore could not be found.
39. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Opinion 39
OPERATING STRUCTURE
● The Documents provide information on the individuals who are members of the team. In this case, more detailed
information is available for the CEO, Head of Operations (COO) and CTO, which, judging by the whitepaper,
perform specified functions in Dimensions Network Pte. Ltd.
● Based on the individuals’ profiles on LinkedIn, they are based in Singapore, Malaysia and India. However, there
are no links to the profiles of the other team members. Other team members also could not be found on LinkedIn.
● A number of issues related to the operational model of the project are unclear, in particular:
○ In which jurisdiction the team is located,
○ Where the team will carry out operational activities,
○ The extent to which tax risk is associated with obtaining income from sources in Singapore is worked out.
● The team plans to organize trading in options, futures and other derivatives, within the framework of the project. It
is unclear to what extent this will require obtaining licenses in different jurisdictions, in particular, in the jurisdiction
of the implementation of operational activities.
40. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Opinion
INTELLECTUAL PROPERTY
● The Documents do not contain information about the intellectual property of Dimensions Network. The team does
not declare any such objects and does not require the rights of Dimensions Network to be respected on them.
● The Whois service does not identify the entity with whom the website is registered.
● According to The Madrid Monitor, for holders with elements in the name that coincide with the dimensions
network, objects are not registered.
PERSONAL DATA
● The issues of obtaining, processing, storing and transferring personal data are disclosed, mainly, in the Privacy
Policy. This document, in general, resembles documents of this kind.
● In general, users agree to the usage of almost all personal data. It is unclear to whom this agreement is given.
Formally, this is "Dimensions Network", but the meaning of this term in relation to the Privacy Policy is unclear.
● Where personal data is processed and stored is not indicated.
40
41. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Opinion 41
COUNTERACTION TO THE LAUNDERING OF PROCEEDS FROM CRIME AND FINANCING OF TERRORISM
The Documents do not contain information on measures to combat money laundering and financing of terrorism that the
team plans to undertake.
DISCLAIMER
● The analysis presented in this report is intended for informational purposes only, is based only on publicly
available information and is not a legal opinion of NewLawyers on the laws of any government. In the analysis, we
used only freely available information that can be obtained by any interested person, without financial investment.
● The only purpose of our research is to form a general idea of the degree of elaboration of the legal aspects of the
project by the team. The purpose of this study has never been, is not and will not be, among other things, an
assessment of the legal correctness of the ICO, the correctness of any of the team's legal positions, the quality
and/or adequacy and/or sufficiency of The Documents used, the ability of the team to fulfill obligations for the
project, the confirmation (or refutation) of facts, the implementation of legal advice, etc.
42. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Legal Opinion 42
● The conclusions cannot under any circumstances be used or interpreted as a recommendation for the
commission of any transaction using the tokens or other investment decisions related to the tokens. Our
interpretation of The Documents may differ from the team’s interpretation and/or its individual members and/or
any other persons.
● Despite the fact that we have taken all reasonable measures to exclude mistakes in our analysis, mistakes may
be present. We are not responsible for any mistake, misprint, inaccuracy, ambiguity, or discrepancy in the
interpretation of The Documents (including if our interpretation is incorrect). Contact your lawyer for professional
legal and other advice in the context of your particular situation. The first person who reads the "Disclaimer"
section to the end and reports it to NewLawyers will be given a 50% discount for any NewLawyers legal services
related to the implementation of a blockchain project in 2018, and the next 10%.
44. Investment evaluation of Dimensions Network ICO
Despite the fact that the project team actively communicates with its community, responds quickly to questions and
regularly publishes news about the project on social networks, the project’s popularity is minimal. The project team has
submitted a marketing plan, with a marketing campaign scheduled for January 2018.
INVESTMENT EVALUATION | Media Environment
Is the project popular on social networks and in thematic communities?
44
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
45. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Media Environment 45
Project subscribers on popular social networks:
148
Subscribers
814
Subscribers
4,260 Views
442 Members in
three channels
3
Subscribers
27
Readers
46. Investment evaluation of Dimensions Network ICO
The project’s popularity in blockchain news resources, as well as on social networks, is low. Most likely this is due to an
inadequate marketing campaign conducted by the project developers. However, the ICO is still a month away, and the
developers claim that they are currently hiring staff to carry out a marketing campaign to increase the project’s
popularity.
INVESTMENT EVALUATION | Media Environment
Is the project widely discussed in blockchain news resources?
46
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
47. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Media Environment 47
News resources that have published articles about the project:
49. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Team 49
Dimensions Network project CEO and CTO are quite competent experts in their fields, their profiles are quite popular,
their work experience is extensive, and their knowledge and skills are confirmed by independent network members. It is
difficult to get an impression of other team members’ level of competence, because their social network profiles are not
available on the company's website and have not been disclosed by the founders. The founders justify the refusal to
provide links to team members’ profiles by stating that there is an internal non-disclosure agreement between the
members of the Dimensions Network team on information about employees, excluding the information on the company's
website.
Does the project team have extensive experience and a strong track record?
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
50. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Team 50
Stephen Mullens
CEO
Corporate Manager from the Energy
Sector. Expert on Corporate Governance,
Risk Management, Research and Remote
Operations. C, Java Script, Visual Basic,
Python, PHP, SQL, HTML.
Rin Chwe Me
Head of Operations
Entrepreneur. Director at Snovits.
Manu Datta
CTO
Technologist, Project Manager and
Senior Developer for Major
International Banks; Including
Standard Chartered, Barclays,
Morgan Stanley, CLSA and
Lehman Brothers.
Navneet Kumar
Core Developer
Former Senior Business Analyst.
Erlang / OTP, Python, Google App
Engine, Google NoSQL Datastore,
Google Cloud SQL.
53. Investment evaluation of Dimensions Network ICO
53
On the official Dimensions Network website, there are four members of the advisory board, two of whom are
anonymous. The profile of one of the advisers on LinkedIn (Danny Oh) is uninformative and does not provide a sufficient
picture of the competencies of the member. The LinkedIn profile of Glenn Farrow is more complete, his skills have been
confirmed, but he is not a popular expert in the blockchain community.
INVESTMENT EVALUATION | Project Support
Does the project have a strong advisory board?
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
54. Investment evaluation of Dimensions Network ICO
54INVESTMENT EVALUATION | Project Support
Anonymous
Regulatory Advisor
Extensive experience in Capital Markets
Regulation within Asia, including
exchange-specific regulation, market
supervision, monitoring, policy setting,
compliance and audit.
Glynn Farrow
Blockchain Advisor
Software Consultant and Blockchain
Developer with industry experience and
ties to numerous blockchain
developments.
Denny Oh
Corporate Investment Advisor
Investment Analyst with close
connections to Private Capital in both
the FIAT and Cryptocurrency Markets.
Anonymous
Exchange Operations Advisor
Veteran Operations Manager, with a
long track record of developing
Exchange businesses in Asia. Strong
focus on compliance, data and trade
analysis, and complex financial
instruments.
55. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Project Support 55
There is no information in public sources about major well-known companies that have signed partnership agreements
with the project. The founders of Dimensions Network confirm the fact that they have so far failed to sign partnership
agreements with large companies.
Are the project’s partners large and well-known?
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
56. Investment evaluation of Dimensions Network ICO
INVESTMENT EVALUATION | Project Support 56
There is no information on large investors who have shown interest in the project. The founders note that they cannot
provide preferential conditions to investors of this kind who might be interested in the project.
Is the project attracting large VC investors?
7 6 5 4 3 2 1
Strongly
Agree
Agree
Slightly
Agree
Neutral
Slightly
DIsagree
Disagree Strongly
Agree
57. Investment evaluation of Dimensions Network ICO
57
Very high
High probability of investment return,
low sensitivity to market conditions.
Score: 6.1-7
RATING SCALE OF INVESTMENT ATTRACTIVENESS
High
Medium-to-high probability of investment
return, considerable sensitivity to market
environment.
Score: 5.1-6
Satisfactory
Considerable risk exposure, high sensitivity
to market conditions.
Score: 4.1-5
Low
Low development potential, highly
speculative investment.
Score: 2.1-4
Very low
High default risk in the short term.
Score: 0-2
Default
In default, with little-to-no prospect for
recovery