The decentralized apps (dApps) market is growing stronger and stronger as the years go by. Despite this impressive growth, however, there are some issues that are still slowing this industry down. Crowd Machine aims to eradicate these issues. Firstly, creating dApps and smart contracts is quite complex (only those with coding expertise can create them) and time-consuming. Secondly, it is quite expensive to deploy these apps on servers. Thirdly, most dApps in the current market are restricted to their blockchains and there is no interoperability between them, as a result, they do not adjust to changes in the dApp environment.
To address the issues outlined above, Crowd Machine team has a couple of ideas they are hoping to actualize. One, to reduce the runtime costs of applications, the project aims to utilize a user network called the Crowd Computer. On this network, spare computing capacity — from smartphones and computers — is rented out to facilitate the efficient (cost-wise and otherwise) running of dApps. At the same time, the project wants to reduce the amount of time and money spent to create a new dApp. They plan to do this by creating a framework, the Crowd App Studio, a protocol that allows the development of blockchain-based apps and smart contracts without coding.
This has the potential of opening the smart contract and dApps industry to people other than developers, and if this plan comes to fruition, Crowd Machine can change the crypto scene, pushing the industry faster towards mass adoption. The project also plans to use a virtual machine to facilitate the creation of off-chain apps; these apps will be able to operate interchangeably across various blockchains.
Therefore, when a dApp is built, it may be deployed on the Crowd Computer mentioned above, removing the need for excessive server costs. The users that make these computing power available are to be rewarded. Another reported feature on the Crowd Machine platform is Crowd Share, a community library of reusable source code; this is expected to speed up the development of dApps more. Using it, members on the platform will supposedly have the opportunity to add source code to the library, and when their code is used, they get a reward.
CMCT token will allegedly be the governing currency on Crowd Machine, and the token will be ERC20 compliant. It is expected to have the following use cases: a means of payment from app owners to Crowd Machine for deploying their apps on the Crowd Computer, a means of rewarding node operators for their computational and storage resources, and to reward developers when end-users execute their patterns on the network.
Hard Cap and Valuation
There will be a total of 2 billion CMCT tokens and as at the time of publication, the team has not released a specific hard cap. The tokens will be allocated as follows;
Lot 1 — Presale & first 20 days of public sale 125,000,000 CMCT
Lot 2 — Bonus allocation 500,000,000 CMCT
Lot 3 — Daily Public Sale 975,000,000 CMCT
Lot 4 — Community Incentives 100,000,000 CMCT
Lot 5 — Company Reserve 300,000,000 CMCT
The token sale is expected to take place over 417 days. After the first 20 days, there will be a 1-week break to audit proceeds. After this, reports indicate that there will be a 390-day sale of CMCT tokens. The coins will be sold at market price with a limit of 2.5 million CMCT tokens per day.
Investors that purchase tokens during the first 10 days of token sale will receive a 50% bonus.
Price Per Token
The price of CMCT tokens will depend on various factors: buying timeframe, total ETH contributed by all participants, and bonus for early participation. The complete mathematical formula can be found in Crowd Machine’s Token Sale Document.
Crowd Machine will hold their public sale at 0:00 UTC on April 1st, 2018. A beta version of the Crowd Computer is expected to be released in May 2018, and the open source Crowd Virtual Machine will supposedly be released in October of the same year.
As at the time this post was published, Crowd Machine had over 4,700 followers on Twitter, over 4,800 followers on Telegram, 2200+ followers on Facebook, over 400 subscribers on YouTube, 180+ followers on LinkedIn, 480+ Reddit readers, and 171 followers on Medium.
- Co-founder of Hosho, a smart contract audit company, for 6 months.
- Advisor to various projects.
Saeed Hareb Al Darmaki
- Managing Director of Alphabit Digital Currency Fund.
Team Members’ Areas of Expertise
Craig Sproule, CEO
- CEO of Metavine — a platform that, like Crowd Machine, supports no code applications — for almost 5 years.
- CEO of SoftWorks Group for almost 6 years.
Ben Gorlick, CTO
- President, Investor, and Board Member; all at Global Engineered Product LLC. for 8 years.
- CEO of Global Lantern Inc. for 3 years.
- Lobbyist at AIPAC for almost 5 years.
James Duchenne, COO
- Advisor to Game Loot Network for 3 months.
- Managing Partner at Sutton Stone — a venture building company — for almost 4 years.
- Co-founder of Volt Markets — an energy platform on Ethereum’s blockchain — for two years.
Kurt Pfluger, CSO
- Angel Investor to VivaLnk, a healthcare device company.
- Co-founder & CEO of 4DS Memory Limited — a semiconductor development company — for almost 6 years.
- CEO of APOGEE POWER for 3 years.
- Founder, and CEO of Big Wave Technologies Inc. for 3 years.
Target market experts
The CEO Craig Spoule has target market experience from Metavine, where applications are developed without coding. In addition to him, the project’s CTO and COO are also very familiar with blockchain tech.
No team members with notable marketing expertise.
James Duchenne, COO
- Chairman & Legal Counsel to 21 Capital — an investment company — for almost 8 years.
- Attorney at Rothmores Lawyers for almost 4 years.
Software engineering experts
Ben Gorlick, CTO
- One-time winner of Summer of Code at Google.
- Database and Principal Architect at Advanced Supply Chain International for 3 years.
- Senior Database Administrator at Bright Solutions — an IT services company — for 2 years.
Roger Logan, Developer
- Sr. Software Developer at Integrated Informatics Inc. for a year.
- Sr. Applications Engineer at Anora LLC for over 6 years.
Jeremiah Chung, Developer
- Software Engineer at Metavine for almost 3 years.
- Business Intelligence Developer at Epic for 3 years.
Malcolm Pinkerton, Developer
- Engineer at Bechtel Corporation for almost 4 years.
Blockchain development experts
Ben Gorlick, CTO
- Director and Head of Product at Blockstream for two years.
- Co-founder & VP, Business Development at PeerNova for almost 2 years.
- COO at CloudHashing.com, a Bitcoin Cloud Mining provider, for a year.
Token sale structure
Some members of the team as well as some of their advisors are connected to various blockchain projects. As a result, the project will be exposed to some token sale structure experience, but the level and quality of their contribution cannot be predicted at the moment.
Same as above.
- Already existing company (Metavine).
- Already existing customers (from Metavine).
- Good team with an experience in the blockchain scene.
- Ambitious proposal — to create a platform that allows app development without real coding.
Potential risks for investors
- The ecosystem will likely require stronger marketing to boost adoption.
- Project relies on users for processing power.
- Market-determined hard cap for the token sale.
- No finished product yet.
- Nothing written in this article is a legal or an investment advice.
- Information is provided on a best-effort basis and is subject to change without prior notice. Be sure to verify everything you read with a project team.
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