Arweave - a promising ICO for 2018
Arweave ( known as Archain) is a blockchain-based platform that provides scalable low-cost on-chain data storage.
Arweave is addressing a few key issues in today’s online space – centralization - censorship - monitoring & the rapidly increasing demand for online data storage - that can be truly owned and controlled by the users .
Arweave is based on 4 layers (technologies) that operate together to create a highly-scalable (5000 TPS ), permanent storage that costs considerably lower ( than most of the existing competition ) :
Blockweave
Proof of Access
Wildfire
Blockshadows
Use cases :
Decentralized data storage
Decentralized data sharing
Decentralized data collaboration
Decentralized data Identity/Protection
AR (native token) is utility token
Competition : Sia, Storj, Filecoin, Bluzelle, Lightstreams.
Team of 8 with 5 devs - the founding team is inexperienced ,with most of the them being fresh graduates . Some decent advisors ( Manager at Opera,Managing Director at Techstars &Head of Growth at Quantstamp).
Partners:
Techstars , Upvest ,Northblock ,Shelf Network , Charitè .
Token Metrics :
Hardcap : 8.7 million $
Total Tokens: 65 million total, 55 million Genesis Block & 11 million for mining
MVP: Github: https://github.com/ArweaveTeam/arweave - Mainnet 8th of June
Crowdsale : Before mainnet launch on 8th of June
Symbol: AR, native token ( ERC-20 won’t be issued )
Pluses:
- Data storage economy is expected to continue growing
- Active and good Github presentation, mainenet is launching on 8th of June
-Solid partnerships and advisors - Low cap and & decent market awareness
Minuses:
- Most of the core team members are fresh graduates
- Saturated space with strong competition
- Lack of important information like roadmap, whitepaper & detailed token metrics & more
So is an idea with increasing use case, working product & good set of partners and advisors. Good market awareness and a low cap of 8.7 million USD.
I have a positive stance - short & long term potential of the project.