The most fair trial on the blockchain in the world - ICO review of the OATH Protocol project
METRICS
Rating *: 8/10
Tracking score : ICOBENCH - n / f, FOUNDICO - n / f, TRACKICO - n / f, ICOHOLDER - n / f, ICOMARKS - n / f, ICOBAZAAR - n / f, ICOCRUNCH - n / f, ICOEXPERT - n / f , ICODROPS - NA , ICORATING - n / f, WISERICO - n / f, TOKENTOPS - n / f, PROFITGID - n / f
Bitcointalk : no
Investment Attraction Method : ICO
Softcap / hardcap / collected : no information
Venture Investors : Amino Capital , GBIC , Blockchain Ventures , Continue Capital , AlphaCoin Fund , Blockchain Hero , Quarkchain
Partners : BLOCK72 , Tripio , U Network, EOS Asia , NEM
MVP : no
Website : there is
Whitepaper : 54 pages , One Pager
Roadmap : 4Q 2019
Category : blockchain service
Scam probability **: below average
Terms / bonuses : private sales in the 3rd quarter of 2018
Total issue : 10 billion OATH tokens
Token distribution : 30% for sale; 20% - team; 30% - motivation for jurors; 10% - marketing; 10% - strategic partners and advisers.
Burning tokens : no information
Redemption : no information
Freebie : no
Referral : no
Token Functionality : utility token
Howie's test : no
Blockchain : Ethereum (ERC-20)
Smart Contract Audit : no
Mining : Yes
Jurisdiction : British Virgin Islands
KYC / White list : no / no
Github : there is
Escrow : no information
Accepted currency : no information
Russian-language chat : No English .
The author is Vitaly Dobrovolsky. Especially for the project Rocket T8
Project Description:
OATH is a service for resolving disputes between users of decentralized applications of public blockchains. By analogy of the judicial system of the US jury.
Method of analysis:
First, we look, then we turn to tokenometrics.
Introduction
It is clear that it is not necessary to skimming through the site.
But I was pleasantly surprised. This paper is about.
That Before, by the way, I read the definition on Icodrops and almost did not become a stutter.
Icodrops himself is not in a hurry with the assessment. Since there is no tokenometrics, and HIP is not observed.
How we can earn
This is not a separate blockchain.
Developers of decentralized applications.
OATH adds value from headaches due to a conflict situation. Smart dispatches are not able to resolve all disputes between users.
It will be more clear further.
Problemmatics
Sees the problem in such aspects as:
it is the time of the order of the computer languages Solidity, C ++ and others. It is clear that it is only available to qualified programmers;
How we can earn
This is not a separate blockchain.
Developers of decentralized applications.
OATH adds value from headaches due to a conflict situation. Smart dispatches are not able to resolve all disputes between users.
It will be more clear further.
Problemmatics
Sees the problem in such aspects as:
it is the time of the order of the computer languages Solidity, C ++ and others. It is clear that it is only available to qualified programmers;
it can be used to verify that it is possible to fraudsters can exploit;
it can be written in the code;
third party to resolve disputes;
It is a scam that it has been framed by the public.
For clarity, there are several problems.
For example, it wants to bring it back. Each side considers itself right in this case. And their dispute cannot be resolved.
The second example of the insurance conditions.
And one more example, for the airbnb, only for the blockchain service. The tenant will claim that he has not broken anything.
Thus, the team intends to solve these problems.
Business model
In their decision, they propose a completely new protocol - Proof of Common sense, using the jurors.
The jurors are randomly selected from the legal system. This gives the opinion of the opinion of the whole society.
This is not a typical consensus protocol. It is not used in the chain.
Once the protocol has been established, the jury community will vote to resolve the dispute. And you can only be rely on their common sense.
Jury must provide information regarding age, gender, citizenship, profession and level of education. And this information will be encrypted.
It is not a problem for any blockchain platforms and services. In this case, you can act as a jury on other blockchains. And for resolving disputes, a reward is expected according to the jury rating, which they earn in the voting process. The more votes for the prevailing party, the reward.
The dispute is being resolved. For parties that argue a deposit in OATH tokens is mandatory. The deposit is returned to you.
Collision of jurors is excluded.
Decisions can be appealed.
It will take 7 days to provide evidence (if this time is not enough, then another 100% deposit) and 2 for the judicial proceedings.
With the help of OATH, you can even check it out with the blockchain. You can request this information from the OATH community.
OATH will provide you with support for smart contract templates.
I agree to resolve disputes.
That is, all contractual contracts are automatically protected by the OATH protocol.
The deposit is returned to them.
It is converted into a business case (SAC) and it can be used as a fee.
After that, it’s necessary to win (from 51% to 100%) for the parties to the dispute: a number of jurors (an odd number, from 11 to 101).
For communication between public blockchains (for example, Ethereum, QuarkChain, EOS) and the OATH platform, the API will be used through Oracle software.
Graphically, the architecture is depicted as:
Here, too, can not do. In this case, it is important to note the data files. Proof-of-stake (PoS) algorithm is applied to this case.
The OAH (ERC-20) blockization solution will be able to utilize tokens 10 billion tokens.
Roadmap
Roadmap until the end of 2019.
On the 3rd quarter of this year, scheduled private-sales.
The prototype will probably be in the 1st quarter of 2019. Then integration with partners.
The test of the finished version is scheduled for the 3rd - 4th quarters of 2019.
Reality
Now there is nothing besides Gitkhub .
But still there is some movement.
Team
The team has 11 people. Information is on the website, white paper and LinkedIn.
Yin Xu - founder and CEO. Health Engineer. Of He worked of Of the the AT Trip.com , in Particular , of of of He led the development of a mobile application of The That won The Several awards (in the the the the App Store and the the the Play Market), Including the "the Best the the the the App of the Year ".
Jenny Vatrenko - Co-Founder and Operations Director. She worked for 6 years at Boies Schiller Flexner , a leading law firm in the United States. She Ekaterinburg v. Herbalife. Born and raised in Ukraine. Of way of The Of by, is the admin of the Telegram-chat project and answers Questions.
Hongwei Wang is a co-founder and chief engineer. Since 2011 he has been working in Google (Google Keep, News & Weather, YouTube, Android Auto). Prior to that - in a number of technology companies in China.
Will Zhang - co-founder. Creator and leader of several technology companies.
Advisors
The project is advised by 8 advisors. Information is available on the website, white paper and Linkedin.
Jia Tian is a famous advisor. Worked in Baidu and Alibaba. Also known as a Bitfinex investor.
He has been a partner of Qidian Capital .
Dafeng Guo is co-founder of Strikingly.com and EOSAsia.one . He worked at Morgan Stanley, Goldman Sachs and Yahoo.
Zainan Zhou is the developer of the ERC-1202 for Ethereum. Software Engineer and Technical Manager at Google.
Partners
Among the partners:
BLOCK72 - blockchain consulting.
Tripio is a blockchain rental housing service.
U network is a decentralized protocol for evaluating and publishing online content.
EOS Asia is the EOS developer community.
Also in the partners listed NEM .
Investors
Investors known crypto funds.
Amino Capital
GBIC
Blockchain ventures
Continue Capital
AlphaCoin Fund
Blockchain hero
Quarkchain - review here . There is information that this is a strategic partner.
How can we be thrown
As always, we rely on reputable investors who have 100% tested the team.
For this reason, intentional scam exclude.
Product face
According to the roadmap, privat-sales is scheduled for the 3rd quarter of 2018.
Token distribution:
30% for sale;
20% - team;
30% - motivation for jurors;
10% - marketing;
10% - strategic partners and advisers.
Actually this is all.
It is noteworthy that on trackers, except for Icodrops, this project is not. That is, the team does not bother yet.
Telegram chat weak.
Token
OATH Token is a utility token network, released on Ethereum (ERC-20).
Issue: 10 billion OATH tokens.
Prediction :
I liked the idea of the project.
Although it is not a prototype, it's not a prototype, but it's still a prototype.
It will be possible to help the OATH service.
It depends on the use of DApps.
As for investment, I would wait for the working product.
Total put 8 out of 10.
www.oathprotocol.com