PikcioChain review ($PKC) - 5min read

in #cryptocurrency7 years ago (edited)

PikcioChain ICO review for you, fact checking and clarification for another very interesting project. Pikcio is building several products, and although very ambitious and complex goals, it seems like Pikcio is already well on its way to succeed. Pikcio/Matchbox is already a profitable company. NEO and OnChain are on board, participating in the development of the Pikcio products and have invested 3 million USD in the ICO. The main products are about to be go live in a few months. There are many green flags, please find all the facts below and make your own judgement.

This is not financial advice, do your due diligence before investing. Again, DYOR (Do Your Own Research).

Basics


  • Official Website
  • White paper
  • Short paper
  • Technical paper
  • Fields
    • Big data, KYC/AML, Crypto Wallet, Crypto Social Network, ICO Participation Management & Discovery
  • Goal
    • Build a decentralized, secure, transparent and legally compliant means of exchanging personal data between individuals and businesses
    • Validate, secure, store and allow the safe monetization of your personal information
    • Put the power of your personal data back into your hands
  • Products status
  • Market size
    • Huge - big data is already massive now, it will become even bigger in the future - “data is the oil of the 21st century”.
    • Securing data: 93 billion USD spent on information security in 2018
  • Description
    • Reputation system called the Trust Capital Index (TCI).
    • Enables the collection, certification and exchange of personal data.
    • Protects the individual's data while making data acquisition and management easy for businesses.
    • Providing the world’s first monetized personal data marketplace.
    • Users choose how to share their data, who to share it with, while also providing them with the opportunity to be compensated for its use.
    • Complies with GDPR: Data stored and transferred in a peer to peer way, not on the open blockchain. Only hashes and validation of the data are stored on the proprietary, private, permission-based blockchain.
    • Users store their data only on their own devices
    • PikcioTokenSaleWallet (TSW): allows for easy participation in token sales - developed with OnChain
      • a one-time KYC process
      • NEO wallet
      • ETH wallet
      • Fiat wallet - traditional bank account in EUR/USD/else

      • Auto-oneclick-participate in token sales
      • Extra token sales features when paying PKCs or holding PKCs on account
    • PikcioMe: for the individual users (suppliers of data), to exchange and certify personal data
      • Data exchange will be end-to-end encrypted whilst the encryption key is generated on the user’s device by the PikcioMe application, making the data exchange secure
    • PikcioPro: for the businesses (consumers of data), paid service to access he Pikcio data exchange
    • PikcioLab: for the developers (designers of smart contracts)
    • PikcioChain will eventually have its own Blockchain


    • Existing clients: BNP Paribas and P2Link.
    • Won quite a few awards
    • Took part in 4 accelerator programs

ICO Details


  • Hard cap
    • 30 million USD
  • For private pre-sale, public pre-sale and ICO
    • Dates
      • Pre-sale: until March 16th 2018
      • Main sale: March 17th - 31st 2018
    • Bonuses (max bonus?)
      • Early pre-sale: 35%
      • Pre-sale: 5%
      • Strategic supporters: 35%
    • Token amounts
      • 83,088,000 = total token supply
      • 36,009,716 = tokens for sale (43.4%)
  • Token allocation
    • Summary: 43.4% tokens are being sold (Pre-sale + Main Sale + Neo allocation + Strategic supporters).
    • Token allocation in percents
      • 33% - Presale & Token Sale
      • 25% - B2B Premium Inventory
      • 15.8% - B2C Growth Pool
      • 8% - Team
      • 7.7% - Advisors
      • 5.4% - Neo Allocation
      • 5% - Strategic Supporters
      • 0.1% - Bounties
    • Team tokens vested for 2 years.
    • Bonus and advisors tokens not vested

  • Banned countries
    • US citizens and residents are only to participate if they are accredited investors.
    • Citizens or residents of mainland China, Countries or regions comprehensively sanctioned by the US Office of Foreign Assets Control (OFAC) (including countries currently sanctioned by the OFAC such as Ukraine, Cuba, Iran, North Korea, Sudan and Syria).

Token trading & usage


  • Token trading
    • date tokens get distributed: March 31st, just after the token sale ends.
    • date tokens hit exchanges
    • exchanges planned to list the token
  • Token usage
    • NEO Nep5 token
    • Used to execute/run smart contracts on the platform
    • PikcioChain is a platform/protocol so there will be many apps created on top of it, by the community, by clients and/or by Pikcio as a company. The first two apps which are about to be released are the KYC and TokenSaleWallet, but as clients connect & create their systems they can add their own use cases/utility.
    • If paying a certain amount of PKC, or holding certain levels of PKC, users gain access to advanced features on the platform. For TokenSaleWallet:
      • Access to exclusive token sales
      • Access to higher bonus tiers
      • Guaranteed allocations for chosen token sales
      • Higher allocations for chosen token sales
      • “Automated participation” feature enabled for chosen token sales
      • Participate in voting rounds on future token sales

Team


  • Summary: a solid team made of strong tech profiles, strong finance profiles and a couple
  • Didier Collin De Casaubon - CEO & Co-Founder
    • Summary: a well rounded and very experienced entrepreneur, "ability to build and drive teams, craft winning strategies, structure budgets, and implement flawless execution to significantly optimize business profitability and mind share”
    • CEO & Founder @ MatchUpBox Inc
    • VP, Commercial Relationship Manager @ Metro Credit Union
    • Business Banking Relationship Manager @ Citizens Bank
    • CEO & Founder @ Labeda, SA
    • CEO & Founder @ NextValue Consulting
    • Executive Vice-President, Publishing, Marketing and Development @ Index+
    • SVP, Multimedia and Subsidiary Products @ Havas-Teleimages
    • Founder, Managing Director of Larousse Multimedia @ Havas-Larousse
    • CEO & Founder @ SIDIS
    • Research Intern @ §CNRS
    • Post-grad in Philosophy, a masters in Mathematics and an MBA
    • https://www.linkedin.com/in/didiercc
    • https://angel.co/didier-collin
  • Fabien Bucamp - Co-Founder & CTO
    • Summary: leading many IT projects at a very high level
    • Co-Founder & CTO @ MatchUpBox Inc
    • Manager of the R&D department @ Defense Ministry of France
    • Manager of the Software and Electronic department @ Defense Ministry of France
    • Project Manager @ Defense Ministry of France
    • Engineer Telecommunication @ Defense Ministry of France
    • Engineering diploma in Telecommunication, Network & Computer Science @ ESIEE Amiens (University)
    • https://www.linkedin.com/in/fabien-bucamp-80a76825
  • Dr. Jorick Lartigau, PhD - Co-Founder, Research
    • Summary: a strong tech profile with education & work experience in China
    • Researcher @ MatchUpBox Inc
    • iOS application developer @ Heilongjiang branch of China Unicom system integration
    • Web developer @ CNC, China Netcom Group System Integration Corp.
    • PhD in Computer Science focused on data security and big data algorithms @ Harbin Institute of Technology
    • https://www.linkedin.com/in/jorick-lartigau-43337198
  • Cherie Arruda - Co-Founder, Plan & Audits
    • Summary: 26 year career in financial services working at Bank of America Merrill Lynch
    • Executive Vice President, Planning, Risk and Control Management @ MatchUpBox Inc
    • Director, Business Controls Executive @ Bank of America
    • Director, Strategy & Business Support Exec, Global Wealth Management (GWIM) Residential Real Estate @ Bank of America Merrill Lynch
    • Director, Service Delivery and Client Experience Executive, GWIM Residential Real Estate @ Bank of America Merrill Lynch
    • More roles... @ Bank of America Merrill Lynch & @ Fleet Boston Financial
    • https://www.linkedin.com/in/cherie-arruda
  • Alizon König - Software Developer
  • Gonzague Grandval - Strategy
    • Summary: expert in crypto, advisor in various ICOs
    • Advisor @ MatchUpBox Inc
    • Senior Advisor @ Eiffel Investment Group
    • Co-Founder @ Paymium - Bitcoin & Blockchain Solutions
    • Strategic Marketing Manager @ Orange - Telecommunications
    • Business Manager - Payment Solutions @ Orange Business Services
    • Post-graduate diploma in Economics @ Sorbonne (France)
    • https://www.linkedin.com/in/gonzague-grandval-6948b93
  • Jean-François Lienart - Chief Sales Officer
  • Delphine Benat-Rassat - Operations
    • Summary: helps optimizing its administrative, HR and financial processes
    • Operations @ MatchUpBox Inc
    • Operations @ SNInvest_Groupe Biolux Medical
    • Back Office Export Manager @ LYSA
    • https://www.linkedin.com/in/dbenat
  • Kelly Stafford - Community Manager
  • Kirsten Morel - Content Manager
    • Summary: a lot of experience in writing about tech and finance
    • Director @ Edge Media
    • Editor @ DQ Magazine
    • PR Consultant & Copywriter @ Kirsten Morel
    • Freelance writer @ BusinessLife.co
    • Editor @ Technology Banker
    • more positions…
    • https://www.linkedin.com/in/kirstenmorel

Advisors


Partners & Investors


Online Presence


Transparency


3rd party ICO reviews


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Great post. Upvoted and resteemed.

Really in-depth overview of Pikciochain. ICOd well before this article was published. Keen to see it do well. All the best to you.

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