OneLedger ICO Review

//OneLedger ICO Review

OneLedger ICO Review

OneLedger ICO Review

by CoinRunners.VIP

Summary

A Universal Blockchain Protocol Enabling Cross-ledger Access through Business Modularization

OneLedger is a gateway protocol that will let all types of business applications or individuals connect to different blockchains via sidechains. It will simplify adoption of an integration of blockchain technology for small businesses and larger enterprises. Those business applications will be able to create their own uniquely-identified network consensus on their both private and public blockchains.

After creating digital identity, users will also be able to use blockchain based business tools that are provided on the platform. Options to create digital wallets, credit systems and arbitration mechanism will all ease the process creating and maintaining of business solutions without extensive programming knowledge or additional costs in developing those applications.

One way of looking at the vision of OneLedger is ‘Plug and Play’ for all individual or business applications that want to use blockchain. OneLedger also plans to build a marketplace where you will be able to buy custom made modules ready to plug into OneLedger.

Token distribution

  • Softcap: 4 million USD
  • Hardcap: 15 million USD
  • Seed round: 1 million USD, (locked for 6 months with monthly release)
  • Private presale: 6 million USD
  • Public presale: 3 million USD
  • Public sale: 5 million USD

Crowdsale Date: May, 2018


Vesting terms

  • Community reserve: subject to various lock-up periods
  • Team reserve: locked for 24 months in smart contract with quarterly release
  • Advisors reserve: locked for 12 months in smart contract with monthly release
  • Company reserve: locked for 24 months in smart contract with monthly release starting from the seventh month
  • Marketing and Long-term partners: subject to various lock-up periods

 

Token distribution timeline

after Crowdsale (end of May)

Roadmap

Q3–Q4 2017

Final whitepaper

Theoretical Proof of Concept

 

Q1-Q2 2018

Launch Ethereum sidechain testnet

Synchronize Ethereum sidechain with OneLedger protocol engine

Implement and optimize cross-chain consensus

Add more public chain support

Launch MVP with crosschain consensus

 

Q3-Q4 2018

Enable Bitcoin sidechain to allow for cross-chain support

Complete decentralized cross-chain exchange protocol

Complete implementation of modularization tools and compilers

Implement OneLedger’s Identity Management System and Smart Contract Authorization System

Launch API gateway

Launch Alpha version of the OneLedger platform

 

2019+

Release first version of the OneLedger platform

Integrate with more blockchain protocols

Expand business network

 

Product stage

Q1-Q2 2018

Launch Ethereum sidechain testnet

Synchronize Ethereum sidechain with OneLedger protocol engine

Implement and optimize cross-chain consensus

Add more public chain support

Launch MVP with crosschain consensus

 

Token usage

Users will have to pay a network fee to nodes if they want to use the Oneledger platform. They can get OLT tokens to pay the fee from running a node themselves or buying the tokens from other users.

Users can also spend OLT tokens in the marketplace for specific modules they might need that are made by the developers, this can be done on a one time fee basis or as a subscription based solution that will be coded in the smart contract.

At first OneLedger will allow anyone to run a node but after a period of time they could introduce a staking mechanism so they ensure commitment and quality of the network.

Users, businesses and developers can interact on the marketplace utilizing the token for communication and value sharing. Developers can submit their products on the ecosystem and stipulate their terms of sale only by paying the fees in OLT tokens.

OneLedger will give a development grant to the best developers and most qualified projects by leveraging the 25% of tokens reserved for the community.

 

Team

Overall, team looks experienced  within their fields and have past business success and reference.

David Cao

Founder & CEO, OneLedger

Past:

Chairman, Canada China Blockchain Professional Association

Former Commerce Consultant at Xerox and IBM

Alex Todd

CTA, OneLedger

Past:

Founder and CEO, Trust 2 Pay

CTO, PRESTO (division of Metrolinx)

Founding Principal, Trust Enablement Inc. (Think tank)

Stephen Li

Lead Engineer, OneLedger

Past:

Consultant, Morgan Stanley

Senior Consultant, Deutsch Bank

Staff Software Engineer, IBM

SDE Lead(From Vanceinfo), Microsoft

Edwin Zhang

Managing Director, OneLedger

Past:

Agile Software Engineer, TribalScale

Salesforce Developer, LogiSense Corporation

Othalia Doe-Bruce

Public Relations Officer, OneLedger

Past:

Consultant: MBIA, Alliance Bernstein, BNP Paribas, Credit Suisse

Alex Lan

Engineer/Researcher, OneLedger

Past:

Data Engineer, MindGeek

Business Intelligence Engineer, Amazon

Lester Li

Development Engineer, OneLedger

Past:

Development Engineer, Nokia Siemens Networks

ADVISORS

 

Trevor Koverko

CEO, Polymath

 

Matthew Niemerg

Center of Excellence Postdoc in High Performance Computing, IBM

Postdoctoral Visiting Fellow, The Fields Institute For Research In Mathematical Sciences

 

Jor Law

Co-Founder, Verify Investor LLC

Founding Shareholder, Homeier Law PC

 

Opportunities

  • The hard cap of $15M. is relatively low considering OneLedger’s scope and product. Competitors with less qualified teams than OneLedger are aiming to raise at least double of what OneLedger is.
  • OneLedger looks like a promising ICO with a strong team that are capable of achieving the project’s vision.
  • OneLedger will also offer masternodes in the future which means the demand for the OLT tokens will only increase.

Comparison chart with other competition:

Concerns

  • There is a lot of competition out there, and it is very hard to become a consensus protocol

  • All of this requires a lot of good partnerships, will they achieve the network effect?

 

Conclusion

In conclusion, this is a great project and it has a lot of advantages over other platforms, but having the better platform or tech means naturally becoming the winner. This requires a lot of strong partnerships, however due to the low cap it seems like a very good investment that you can flip or hold due to their big advantages in comparison with other projects.


Flipping potential


For flipping, we’re very bullish, low hardcap means ideally a great opportunity to flip it.

Long term potential

the potential is very high, they can become an ICON or Wanchain project and do 15x in the long run or higher, these kind of protocols are necessary to develop in the cryptospace.

By | 2018-04-07T12:00:50+00:00 8 months ago|Categories: ICOs|0 Comments

About the Author:

CoinRunners.VIP

Leave A Comment