Oneledger report

1. © CryptoSherlock
Website: https://oneledger.io
A Scalable and Universal Cross-ledger Protocol Designed for
Business
MVP: https://github.com/Oneledger/protocol
Ticker/type: OLT, erc-20 utility token
Total supply: 100,000,000 OLT
Tokens for sale: 35,000,000 OLT (35%)
Total Hardcap: $15,000,000 (received 100%)
Seed Round: $1,000,000 (June, 2017)
Private Pre-sale: $6,000,000 (round I) + $3,000,000 (round II)
Crowdsale: $5,000,000 (06/15 /2018– 06/16/2018)
Pre-sale price: 1OLT = $0.42-$0.43 (20-25% bonus)
Crowdsale price: 1 OLT = $0.052 / 0.00010740 ETH
ETH peg: 1ETH = $481.5283
Legal aspects:
OneLedger Technology, Inc. is registered on Barbados (#42402) on
3rd
Floor, The Goddard Building, Haggatt Hall, St Michael
11059, Barbados.
https://caipo.gov.bb/home/index.php/search/search-our-
database/84621-oneledger-technology-inc
Their partners, Polymath and a Barbados Office of Deloitte use
the same address.
There are also offices in Toronto, ON as the majority of the team is
located there. However, the team refused to reveal the locations
upon our request.
Token Distribution:
• Community reserve: locked for 6 months min., followed by
1 to 2+ years vesting schedule;
• Team reserve: vesting period of 24 months w/quarterly
cliffs;
• Advisors reserve: vesting period of 12 months w/monthly
cliffs;
• Company reserve: locked for the first 6 months, followed
by а vesting period of 18 months w/monthly cliffs;
• Marketing partners: vesting period of 3 to 6 months
w/monthly cliffs;
• Long-term partners: 6 months min. lock-up period,
followed by a 1 to 2+ years vesting schedule;
• Strategic investors: tokens will be unlocked in December,
2018 – January, 2019;
• On December 31st
, 2018, the “market making” tokens will
be unlocked, i.e. the tokens that were locked in order to
decrease the circulation supply and increase the price.
There will be a 7% bonus upon unlock for the investors
who chose this option. Other lock-up bonuses: 360 days
with a 15% bonus; 540 days with a 25% bonus, and 720
days for a 35% bonus;
• AII vesting and lock-up periods are implemented in smart
contracts.

2. © CryptoSherlock
Online presence:
(as of 27/11/2018)
The website, registered on 12/13/2017, is hosted by Cloudflare. Traffic peaked in June – August 2018. At the moment of writing, there are
around 1090 visits/day mostly predominantly from Vietnam with 24,7%. 57% of the traffic comes from the Twitter feed and referral links,
25,5% - directly from search engines.
• Twitter - 7335 followers. Created in January 2018. Tweets appear every 1-5 days;
• Telegram Chat - 19196 subscribers;
• Telegram Announcement channel - 7115 subscribers;
• TG dev chat - 121 subscribers (dedicated group for developers);
• Medium - 1,1K followers w/first post published on 03/09/2018;
• Reddit - 622 Subscribers;
• YouTube - 71 subscribers.
GitHub and MVP:
Official GitHub https://github.com/Oneledger/ contains 667 commits in 2 directories: OLT and Protocol MVP. The MVP directory has 529
commits and 19 branches that are updated every 2-4 weeks. OneLedger use the «Go» language licensed under Apache 2.0. The development
was most active before and during the ICO with a moderate decline afterwards.
4 out of 7 personal GitHub accounts of OneLedger developers
were created in 2018. Looking at the image below, there is a clear
picture that the accounts of Paul Whomer and Alex Lan are the
most active.
• https://github.com/paulwhomer - CTO, active since
March, 2018;
• https://github.com/alexjlan - Alex Lan, Co-Founder &
Blockchain R&D, active since March, 2018;
• https://github.com/reblws - Enrico Baculinao, Full-Stack
Engineer;
• https://github.com/stelee - Stephen Lee, VP of
Engineering;
• https://github.com/lesterone - account is active since
March, 2018;
• https://github.com/pat-oneledger - Patricia Li, active
since September, 2018;
• https://github.com/lesterli - Lester Li, Blockchain
Engineer, active since December, 2017;
• https://github.com/sergei-sachkov - Sergei Sachkov,
active since March 2017. Deployed 18 commits in 2 weeks
while working with OneLedger.

3. © CryptoSherlock
Technology:
Whitepaper: https://oneledger.io/whitepaper/oneledger-whitepaper.en.pdf
OneLedger is a three-layer consensus protocol that allows a seamless interaction between blockchains and dApps. Simply, any company
developing within the OneLedger ecosystem will be able to interact with private and public blockchains through the protocol. There are 3
kinds of algorithms built into the OneLedger consensus:
• Role consensus — every application is allowed to decide what layer of consensus is needed;
• Side chain consensus — acts as a bridge between the Role consensus and the Public consensus;
• Public consensus - helps initiate transfers between public chains.
OneLedger users will be able to interact with several platforms within the system:
• Smart Identity Management Platform
• Blockchain Services
• Chaincode Service
• Programming Interface

4. © CryptoSherlock
OLT Token:
In the OneLedger token economics there are three major
participants: users, network supporters (nodes), and developers.
Users pay to nodes in OLT for services on the network.
Nodes receive OLT as a reward. In the future, the team is
considering a staking commitment to ensure the quality operation
of the network.
Developers pay in OLT to deploy their modules to the OneLedger
Marketplace where a smart contract will define the terms of sale:
either a one-time payment or a recurring monthly fee.
Team:
David (Wei) Cao, FOUNDER & CEO LinkedIn Facebook
Graduated from the University of Science and Technology of China
majored in Computer Science. Has 15 years of experience in
programming and consulting. Worked in IBM (2005-2007) as a
Java developer, and a Lead Commerce Consultant in Xerox (2012-
2017). Also acts as a Chairman of Canada China Blockchain
Professional Association https://ccbpa.ca/ Note: the website
hasn't been updated since November 2017.
Alex Todd, CTA LinkedIn Facebook - created in January, 2017.
There is no mention of OneLedger in the official LinkedIn. However,
this article lists him as a team member. Graduated from University
of Toronto in 1981 as a Bachelor of Commerce Field Of Study. Has
a vast experience in strategic planning for corporations: IBM
(1999-2003), Bayview Community Services (2006-2008), Trust
Enablement Inc. (2004-2012). Since March, 2018 acts as a co-
founder of IdeaGist Blockchain Incubator.
Paul W. Homer CTO LinkedIn Facebook Personal Blog GitHub
for OneLedger Alternative GitHub - active since 2011
Has been working as a developer in a number of companies since
1989. The most significant are Reuters (1993-1997) and IBM
(2005-2006). His book, The Programmer's Paradox, was published
in 2007.
Bob Binns – CSO, Canada, Toronto LinkedIn Twitter – active since
2009 Facebook Personal website
Holds a Bachelor of Arts degree in Mathematics from Queen’s
University, and has completed the Client Executive Program
(Sustainable Competitive Advantage) from Harvard Business
School. Specialties: consulting and coaching for sales; business
growth; new markets & strategies customer experience; sales
process and management; for leaders and practitioners.
Stephen (Yang) Li, Lead Engineer LinkedIn
In 2002, graduted from University of Electronic Science and
Technology in China, majored in Computer Science. Over 12 years
of experience as a developer, including Microsoft (2007-2008) and
IBM (2008-2012). Since 2014 acted as an independent consultant
on Java, full stack, smart contract development and blockchain
technology.
Edwin (Yuduo) Zhang, Co-Founder and Managing director
LinkedIn
Graduated from University of Waterloo Mathematics: in 2015
(Computer Science). Worked short-term in various companies. Has
been developing smart contracts for Ethereum since 2016.
Jie(Alex) Lan, Co-Founder & Blockchain R&D LinkedIn GitHub
Graduated from Beihang University (Computer Science) in Beijing,
China. Prior to moving to Canada, had been working in the Beijing
branch of Amazon (2013-2014) as a Business Intelligence Engineer.

5. © CryptoSherlock
Enrico Baculinao, Full Stack Engineer LinkedIn Twitter Website
GitHub
Joined OneLedger right after college. Twitter account was created
in May, 2017. However, the first tweet was posted on May 18th
,
2018, and, right after that, there was another tweet about
OneLedger.
Lester Li, Blockhain Engineer LinkedIn GitHub - commits in Go
dated since Q4 2017
Priot to OneLedger participated in the development of Ti-Value.
Advisors
Trevor Koverko, CEO Polymath LinkedIn Twitter Facebook
Instagram
CEO of Polymath – platform for issuing security tokens, early
investor in Ethereum, EOS, Shapreshift, advisor to Selfkey, NEXO,
Adbank, Kind Ads System.
Matthew Niemerg, Distributed Ledger Technology & Security
Advisor Website LinkedIn
American mathematician with the primary research interests are
computational mathematics, numerical algebraic geometry,
fewnomial theory, and applied mathematics.
Jor Law LinkedIn Website Twitter
Co-founder of Verify Investor, LLC, member of board of directors
Prime Trust and Network Optix.
Reuben Loo LinkedIn Twitter - created 09/01/2018Acted as a
Blockchain Community Manager for Quantstamp, Zilliqa, Gifto,
Utrust; advisor to Loom Network, and Hybrid Block.
Mervyn Chng LinkedIn
Representative of MW Partners Group, investor in Blockloud,
Ankr, Celer, Taraxa, Chainspace.
Mirza Uddin LinkedIn Twitter
Co-Founder of Perlin, advisor to Edenchain and MBYS, sponsor of
Two Sigma
Craig Brown LinkedIn
Daniel Fuke LinkedIn
Legal advisors from Fasken.
Gavin Knight (no longer an advisor)
In charge of an official blog of CEX.io since 2014, advisor to Corld's
Cedium.
Partnerships:
Polymath, Jura, Edenchain, Pchain, Cognida, QuarkChain and a number of other companies. A partnership with FBG was also announced but
the article was later removed.
Investment Funds:
Origin-X Capital, HK, https://origin-x.capital/ ATH: 12.31x USD
MW-Partners, Singapore https://mwpartners.io ATH: 1.65x USD
Wandarin Capital, Taiwan, Eden Island http://wandarin.org ATH: 1.32x USD
Signal Ventures, Singapore https://signal.vc/ ATH: 3.01x USD
BlockGround Capital, Andorra https://blockgroundcapital.com/portfolio/ ATH: 1x USD
Crypto Capital Group https://www.thecryptocapitalgroup.com – website inactive ATH: 2.37x USD

6. © CryptoSherlock
TGO Capital, Saskatchewan, Canada https://tgo.capital - website inactive ATH: CARD+OLT 1x
DreamEdge Ventures, USA, Springfield, Virginia https://dreamedge.io – website inactive
Seven Venture Capital http://www.sevenventurecapital.com/ - website inactive
Gwei Capital, British Virgin Island http://gwei.capital/ - website inactive
Trading Data:
(as of 11/27/2018)
OLT is currently trading on several exchanges, including IDEX, Kucoin,Bilaxy, HotBit, UEX, LaToken, Bitforex, Bitmax, Fcoin. Trading pairs: ETH,
BTC, BCH, USDT.
One of the top 10 OLT holders wallets belongs to CoinEx indicating a potential listing.
Highest token price: $0.0615597 1.18x/ 0.00012479 ETH 1.16x
Lowers token price: $0.00536218 0.1x/0.00003033 ETH 0.28x
Circulating Supply: 341,581,470 (34.16%)
Market cap: $1,902,695
24h volume: $282,082

7. © CryptoSherlock
OLT token holders wallets:
Contract address: 0x64A60493D888728Cf42616e034a0dfEAe38EFCF0
Out of all the wallets in top 10, only 0x689C5 and 0xf5d76 have tokens other than OLT; 0x689C5 looks like an exchange wallet; 0xf5d76
belongs to CoinEx, and 0x2a0c0d – to Idex.
There was also a precedent where users spotted a number of outgoing transactions from the wallet belonging to the strategic partners and
seed investors, despite the fact that they were supposed to be locked until December 2018 – January 2019. The team released an article
where they were trying to clarify the situation. Nevertheless, the following wallets are something to pay attention to:
0xf5D05059AE45bCF0b568D5d9950Fc2BDAff32a8e
0x46E3d6E2A1fc2C65210A799502aF92873Ab42F72
0xfcdE7d8A26f4B36c50fb2636d5DED17cb8439370
The team said the wallets were regulated by smart-contracts. It can be seen that there are large outgoing transactions of the same value, ex.
257 827 OLT or 193,370 OLT, that are separated by even time intervals. If we are to follow these transactions, a clear pattern emerges, i.e.
OLT tokens eventually end up on exchanges through a series of mixers and blenders, ex.
0xfcdE7d8A26f4B36c50fb2636d5DED17cb8439370  0xB807B344162e1785292f5e7a5f650b7876CdE2db 
0x9A28c3fbed0233127a2Be4c3d9Aff1CCbf62615d  CoinEx.
Other tokens are sent to addresses with the large holdings that could be classified as exchange wallets. For instance, this one:
0x689C56AEf474Df92D44A1B70850f808488F9769C