Here’s one thing about crypto investing. It’s full of adrenaline and admittedly, at times nerve wrecking. Case in point, the past week has been a bloodbath for leading cryptos. Funny enough, some aspect of leading network’s on-chain metrics spectacularly recovered. Of course, there is an opportunity to reap serious profits from some of the tokens and coins that are recovering but took a beating. Most, given what they are proposing and their kind of partners, are seriously undervalued. But, that’s my perspective.
Today’s notes will cover some few coins that are ripe for investment in Q4 2019 from a retailer’s point of view. Don’t misconstrue this as investment advice. My opinion are mine, do your own research.
So, let’s get going.
Interesting Catalysts to Consider
Ocean Protocol ($OCEAN): This is a no brainer in my view. Data is the new oil, it is pure gold if you ask me. The cool thing about Ocean is that they are building a platform where data providers and users can securely mingle and draw maximum benefit from their association. Ocean Protocol is a peer to peer network for data exchange and services. Data providers get paid to share their data. Simple! And their drive was so strong, they found this call unstoppable, raising money in a bear market. Some took issue with this, but here we are, the platform is up and running. AI and machine learners are using their data, breaking down previous silos and democratizing the space. They are clear that their platform “will be for data scientists, AI researchers, large enterprises, NGOs and governments that need a way to get data and services seamlessly.”
So, why am I bullish on Ocean?
The POA (Proof of Authority) network is up and live. Tagging several functionalities which references a common market place, users-data providers and users, can use their Ocean tokens to get paid or access services. Besides, developers can build on Pacific, with Ocean as a token of exchange. At this stage, common datasets are more available than ever with better APIs. Development has been turbocharged, and their roadmap right on track that POA is FOUR months after Nile. Obviously, there will be more demand for Ocean as the team work towards the next milestone scheduled for March 2020. Along with that, $Ocean is well-positioned to gain.
Ocean is backed by leading funds and partners including Unilever, Rochi and Messari. However, what is interesting is the involvement of Unilever Foundry. They partnered with NextBillion, and it will be their anchor customer. NextBillion is built on the Ocean Protocol, meaning the more Unilever demands for data sets, the more Ocean tokens will be valuable. Remember, POA is on, and I expect demand to pick up in the days ahead. Also note, one of Singapore’s used car listing sites, sgCarMart, is using Ocean Protocol for their “Know-Your-Vehicle” initiative. The site attracts over 2 million visitors per month.
The team is also working on Web 2.0 integration-for computer and storage services, with better service execution agreement in staking conditions, bounty rewards and slashing conditions. Progress is on track and they keep updating the community on each and every milestone they hit. Every 4-6 months, their roadmap is updated.
Dusk Protocol ($DUSK): Well, this ought to be a grand opportunity for value investors. Yes, the cryptocurrency and blockchain projects are “censorship resistance”, autonomous and pretty much unregulated. But that is not to say these projects operate in isolation. That they function without complying with country-specific laws. And worse, it gets complicated when hard-earned money is involved. Regulators, especially in the US, Europe and Japan, are not budging, and would demand for safety nets for investors.
Dusk Network streamlines this. It is a transparent, self-sufficient ledger where projects can crowd-fund in an STO. Investors of STOs are guaranteed that the project won’t defraud them as tokens are backed by the assets of the company, are valuable and have voting power.
In Dusk, there tokens will function as money but also tags smart contracting capabilities while remaining private. The combination of all these features is why I’m bullish in the long term but also raved in the expecting the token’s value to surge in the near-time. All Dusk needs to do is capture a small portion of the securities market, and digitize assets and then a slingshot move to the top 50 is a real possibility.
Other than that, here’s why $DUSK looks good:
The Dusk Network has launched the public testnet shin. And it gets more interesting. This test net will have a DUSK faucet, CLI wallet, Monitoring tool, and more. If anything, this is pretty important because from the ground up, the platform was designed for securities and asset digitization while stymieing redundancies. This is a critical development because Testnet Shin is the first publicly-available implementation of Dusk, a significant milestone for dApp development and Dusk is delivering that.
The Dusk mainnet is set to launch in Q4 2019. Launch is a proof that it is indeed possible to build a platform with a new consensus technology, zero-knowledge cryptography and security framework in collaboration with regulators. This is huge and bullish for Dusk!
Dusk is listed at Bittrex International, Binance, Bitfinex, ETHfinex and Binance DEX with over $2.2 million in daily trading volume but in a recent interview, Jell Poll of the Dusk foundation said they have plans to further engage the community. Dusk is building towards a “full browser node experience” and Browser nodes is a big part of that. These nodes, according to Jell, will build from TestNet Shin.
Dusk has been added to Fantom’s BNB Bridge. What does this mean? Well, going forward, user can easily convert between Dusk between ERC-20 and BEP2 standards. This sort of interoperability between Ethereum and Binance, two huge blockchains, is bullish for Dusk. And let us not forget Bitfinex choose Dusk to build a fully regulated security exchange.
The former MD for ConsenSys Ventures, Kavita Gupta, recently joined Dusk as a NED chairwoman. Those are experts seeing value in the network. The more experts involved, the more legitimate the project. Legitimacy coupled with proven partners (credit Suisse, TNW, GRS etc) often means higher demand for Dusk tokens. Since they are focused on the European market, it will be exciting to see what Gupta brings on-board towards this goal.
I hope this was informative for you. Feel free to comment via Twitter. Never miss crypto investor insights by subscribing to our mailing list.
https://cryptogems.com/wp-content/uploads/2019/09/Dusk-Network-and-Ocean-Protocol.png6001200Cryptogemshttps://cryptogems.com/wp-content/uploads/2019/04/Copy-of-Copy-of-Untitled.pngCryptogems2019-09-30 15:52:212019-09-30 15:52:28Notes from a Crypto Speculator (#2)
There have been advancement in technology, and the world is indeed a better place. If anything, the world is now more interconnected than any other time in history. It is fluid, fast-paced and well, porous. Herein, I’m highlighting the new-age oil. I’m talking about data. From data, there has been sophistication. And the world is simply churning too much this that there has been concentration.
Data is the future, and Blockchain, as a technology, is not only making this transparent and leveling the field-depending on application, but securing this “gem” from nefarious elements. However, there is still room for more. Interoperability would enhance the ecosystem, pulling down compartmentalizing walls.
Presently, there is a data problem. Unless otherwise innovators come up with a protocol that creates an avenue for efficient use of data for machine learning purposes, there will be a technological lagoon,that will possibly stir degradation.
What is the Ocean Protocol?
Cognizant of the technical ailment, the Ocean Protocol is a decentralized data exchange that aims to unlock data with a “deterministic proofs on availability and integrity that serve as verifiable service agreements” in place. It is breaking down data silos, equalizing access to data for all.
Operating from a time-tested Ethereum blockchain, there is now more incentive for data generators to share theirs because of an incentivizing model in place. There is also staking in place to “signal quality, reputation and ward against Sybil Attacks”.
Seeking to open up the under-exploited trillion-dollar machine learning and AI ecosystem, the idea behind it is to drive relevance and quality with an objective of creating meaningful value from these large-and increasing, chunk of data while simultaneously breaking down the self-propagating cycle created by companies as Google and Facebook.
aim of Ocean Protocol will be to drive the fourth industrial revolution-largely
defined by access to actionable intelligence found at the depth of secured but
accessible data crunched by iterative AI algorithms.
What Ocean Protocol Does
By strategically dipping their foot into the data market, Ocean protocol would open up the data space from a planetary level, democratize the space and eventually create a leveling source where companies-regardless of size or financial muscle, and individuals, can access data for machine learning purposes in a private, affordable and regulated manner.
Protocol at its bare bones is a connection between Artificial Intelligence
developers and data owners. However, instead of creating a single line source,
everything is done via the blockchain in a democratized, secure and compliant
manner without Gatekeepers.
Ocean Protocol Initiatives
differentiate itself, Ocean Protocol are focusing on building an “exchange
protocol” as this will strategically place them at a position where they can
strike partnerships even in the face of competition.
experience in the field, the team behind Ocean is now installing a protocol for
tokenization and subsequent incentivization, rule setting and quality purposes making
it easy for data owners/providers to free share quality aware that they will be
compensated accordingly. Before that, these are some of their earlier
intellectual property licensing.
addresses scalability concerns. It is built on BigchainDB / IPDB technology.
BigchainDB is a
unique high throughput database
Ascribe is an
attribution and digital ownership platform
Ocean protocol is supported by a Singaporean NGO that advocates proper data governance, openness and fosters the growth of the network while ensuring the network becomes decentralized with time.
team is experienced in big data, blockchain, AI and data exchanges from their
previous work experiences and from their business experiences. A majority are
entrepreneurs, technologists and designers.
The core team has 40 members led by Bruce Pon. He is the Founder and CEO at BigchainDB, Founder of Ocean Protocol. From his LinkedIn profile he says, he was a Founder at Avantalion International Consulting between 2008 and 2013. Avantalion International Consulting mission is to build banks for the unbanked. They have helped build more than 18 banks and financial services companies across the globe in 12 years.
Then there is Daryl Arnold, who describes himself as an entrepreneur experienced in data, marketing, technology and sustainability. He is the founder and the chairman of the Digital Commerce Intelligence (DCI). DCI provides digital commerce market performance data and insights to brands and retailers in South East Asia. This is achieved by using various digital data sources and a proprietary data analysis algorithm to estimate digital sales down to SKU level.
Then there is Trent McConaghy, Don Gossen–the co-founder. Don has traveled the world “wrangling data.” He is a Data and Analytics expert with extensive global experience working on four different continents, my breadth of knowledge extends to every facet of the Data and Analytics landscape, from large scale Data Federation and Big Data projects to Digital Transformation and Advisory Services. He is currently the Executive Director of the Ocean Protocol. Before that he was the Head of Analytics and Big Data Practice at Everis UK.
Others include: Dimitri De Jonghe, Cristina
Pon, Aitor Argomaniz, Irene Lopez De Vallejo, Paul Galwas and 30 more.
In total, there are 35 advisors with “recognized expertise in AI, blockchain, big data, business and policy.” All of them were “carefully selected based on an alignment of values towards unlocking data and AI for society.”
of them is Meltem Demirors, the Chief Strategy Officer at CoinShares and Head
of CS Treasury. Besides Ocean, she advises Future Commerce and was the Vice
President of the Digital Currency Group from April 2015 to Feb 2018.
Dr. Carsten Stöcker, the CEO & Founder Spherity GmbH, is also part of the team. In his LinkedIn he describes himself as a “Technology Entrepreneur, Business and System Integration Professional with Expertise in 4th Industrial Revolution/Industry 4.0, IoT, Blockchain, Machine Learning, Cryptography, Automotive, Supply Chain, Renewable Energy, Self-sovereign Identity, Digital Twinning, Environmental and Social Impact.”
mentioned include Prof. Dr. Sebastian Gajek, the co-founder and CTO of Weeve,
Adam Drake, the CEO of Atazzo, Chris Ballinger the CEO & Founder MOBI and
others as Franck Martins and Dr. Anastassia Lauterbach, the director of Dun
The Ocean Protocol Ocean Token seed distribution was created in Nov 2017.
In that time, they also created the Marketplace Framework. This was followed up whitepaper publishing in Feb 2018 and a pre-launch in March of the same year. Then, they activated community and built up the team, announced partnership with IBM Watson AI XPRIZE and launched an advisor and bounty program.
In Q3 2018, the introduced Plankton wherein Pleuston, a proof-of-concept data marketplace was launched, an Ocean Improvement Proposal introduced and the Spree test network created.
Thus far, the Pacific Network, Ocean’s PoA Mainnet, has been launched and there is even a Token Bridge between the Ethereum Mainnet and PoA network.
That’s on top of the Commons Marketplace update, powering of the Project Manta Ray, a data science workflow and on-boarding more partners and completing the development and documentation of Ocean network components.
In upcoming versions, Ocean plans to introduce Bounties on-chain, roll out a beta version of Compute to the Data on cloud providers, begin the registration of Compute Services and set the conditions, terms of service of their cryptographic proofs and many more.
iterate on the underlying protocol, Ocean has partnerships with leading
companies including Unilever, Rochi, Messari, DCI, Couger, Mobi, xPrize,
Fitchain and more.
Ocean Token Distribution
the Ocean’s protocol, and converting disparate data into actionable
intelligence is the OCEAN ERC-20 compliant, utility token.
In total there are 1.41 billion OCEAN tokens. Within this ecosystem, the token is more like a crypto asset securing the network and incentivizing data providers. Employing the Proof-of-Service protocol, Ocean is a decentralization orchestration that will flourish as an inter-service network.
quality and provenance are paramount, Ocean employs three verification methods:
human, software, and economic, with precautions to fully emit tokens when the
network is completely permissionless, or within the first five years, or
whichever comes first.
first round of crowd funding came to an end in Q1 2019. However, they didn’t
reach their target after raising $1.85 million from more than 350 contributors
on CoinList. The IEO ended on March 19, and each token sold for €0.22. In total
there was 32 million OCEAN Tokens available for the public meaning the hard cap
was placed at $8 million.
Details of the Bittrex International IEO
The second IEO at Bittrex International was scheduled for April 30, 2019 whereby 4 percent or 56.4 million OCEAN Tokens of the total supply was set aside for contributors. Each token was sold at $0.12 with an individual cap of $5,000 and BTC being the only accepted coin.
In this IEO, the network reward was reduced from 60 to 51 percent while increasing the token from Acquirors from 15-24 percent. The founding team was allocated 20 percent while the Foundation got 5 percent of the total supply.
Besides, the circulating supply was reset to 314.1 million or 22.3 percent at the beginning of this IEO. Notably, and as dictated by the Ocean Token emission curve, the inflation of the token in the first year will be 63 percent since “Acquirors, the Foundation and the founding teams” would receive allotment of their tokens.
Thereafter, beginning from Q3 2022, the majority of Ocean tokens will be from Network rewards which are programmatically set with a 10-year half-life. That means that it will be until mid-2031 before 50 percent of network rewards is emitted.
from their misjudgment, The Bittrex International IEO was an overwhelming
success. Targeting $31.6 million, the team raised $30.650 which is 97 percent
of their hard cap. The IEO ended on May 3, 2019 and on the same day listed at
Bittrex. It opened at 0.3x in USD terms from the IEO
ROI and Market Data
Presently, the token is trading at $0.033174 at leading exchanges. At that rate, OCEAN is up 55, 54 and 33 percent against USD, BTC and ETH respectively in the last week from a market cap of $9,299,339 derived from a daily trading volume of $4,634,905 or 139,731,498 OCEAN.
There are 280,675,148 OCEAN tokens in circulation. It’s all-time high was registered on May 27, 2019 when prices peaked at $0.04733822. However, given the market condition and despite the bullish outlook, the token is down 32 percent from its ATH.
Besides, at spot prices, it is 0.27x against USD, 0.22x versus ETH and dismal at 0.15x relative to BTC compared to Bittrex’s international ICO pricing.
as aforementioned, is the new gold. And Ocean protocol is well positioned to
streamline the industry by creating a platform where data providers and users
can securely mingle, drawing mutual benefits from their association. With
funds, Ocean protocol is active in their development.
objective, as lined up in their homepage, will be to “unlock data for AI”, by
breaking down existing silos and democratize data availability. As it is, Ocean
token is under-valued if statistics is anything to go by.
Presently, it may be trading lower from their ICO listing price but fundamental factors point to a bright future. Note that by 2016, the world produced 16ZB of data, but a mere 1 percent of that was processed.
that they are funded and there is a well-defined roadmap in place, Ocean is
right on track to explore big data, fast-track AI development by processing the
99 percent of untapped data and building a reliable market place where data can
be shared thereby creating value for early adopters.
Q1 2020, for example, there will be a beta version of compute to the data on
cloud providers with staking capabilities. Further, around that time, not only
would they have registered new asset types but Ocean would have been listed by
final version, whose data will be announced later will have a balanced
governance complete with transparent process for updating protocol that
balances stakeholder needs.
big data, like blockchain, is still at infancy. There is a lot to be explored,
developed and enhanced.
that to advances in machine learning and Artificial Intelligence plus the
desire to make algorithm feeds trusted and reliable, it means Ocean, built by a
team that is experienced and with entrepreneurial acumen is well-placed. The
final version will be fully loaded and functional meeting the needs of every
there might be concerns about the short-term events as release of vested tokens
that will push inflation through the roof, it is the emission after 2022 that
is bullish for long-term holders.
Given, it will also be an opportunity for them to buy Ocean at a discount and hold them knowing that the demand for the service-and therefore the token, will edger higher, as it becomes a key player in the AI-as a data market place.
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