(DOCK) ICO Analysis: A Decentralized Professional Data Exchange Protocol

in blockchain •  10 months ago

Executive Summary

Project Description

The freelancing scene has been growing steadily over the years and platforms like Upwork and Fiverr have grown to positions of prominence in the market. One of the biggest problems facing this market sector, however, is the fact that users on the platforms do not own their data. What this means is: if you spend a couple of years on a particular platform and you complete a number of projects, get some reviews and some recommendations etc., you cannot transfer the data to another platform. team aims to build a platform that, according to them, will allow the easy integration of data from different sources (not just freelancing websites) along with regular and automatic updates. Users on should also be able to receive updates from multiple websites at once. Furthermore, data providers — the platforms that the data originates from— may be able to send data to a user’s profile on with approval from the user. team claims that all data stored on their platform will be encrypted by IPFS. Furthermore, all the data on will be updated by the user off-chain; this should serve to assure applications that the data is a continuation of the previous, and that the version being received is the latest available. Additionally, users on should be able to verify each others’ on-chain data in a manner similar to employees confirming each others’ work experience.

Different applications may choose the extent of their verification requirements. The options that will likely be available on are: Loose verification — data from the user is sufficient on its own; Mid-Level verification — additional verification from the data source is required; Strong verification — on-chain signing of the information provided by the user is required.

The token, DOCK, is supposed to be used in rewarding data providers — platforms that give users permission to move their data to If a platform wants to access user data that was provided by another platform, the former will pay a fee to the latter using DOCK tokens. Now, if a third-party wants to access the data from the “former”, they will pay a fee, also in DOCK; however, to ensure that the total supply of DOCK is constantly reducing, the DOCK tokens in this transaction will be burned.

Remote is expected to be the first platform that will integrate, and they already have a working product.

Hard Cap and Valuation

There will be a total of 1 billion DOCK tokens and aim to raise $20 million for 30% of the token total. The remaining 70% will be shared as follows: 30% is earmarked for ecosystem incentivization, 20% should go to the team, 6% to early investors, and final 4% to the project’s advisors. According to, the ecosystem tokens, along with the advisors’ will be locked for 2 years, reducing the available supply to 66% of the token total. raised $12 million during their pre-sale.

Price Per Token

During the private sale, 1 DOCK was sold for $0.06.

For the public sale, 1 DOCK was sold for $0.084.

Important Dates

DOCK’s public sale started and finished on the 21st of February 2018. During the first 4 hours of the sale, all investors were limited to a maximum of 1 ETH worth of DOCK. For this sale, the price of ETH was pegged at $900.

Marketing Power

As at the time this post was published, had over 63,800 Telegram users, 31,700+ Twitter followers, over 17,300 Facebook subscribers, and about 11,000 Reddit readers.

Prominent Advisors

Charlie Shrem

  • Blockchain enthusiast and advisor.

Lasse Clausen and Christopher Heymann from 1kx Capital.

  • Advisors to various projects.

Lester Lim

  • Advisor to Selfkey, Coinfi, and Ink Protocol.

Team Members’ Areas of Expertise

Business experts

Nick Macario, Co-Founder

  • Co-Founder and CEO of Remote for almost a year (ongoing).
  • Founder and CEO of Branded (leads to Remote now) for almost 3 years.
  • Co-Founder and Board Member for almost 2 years at EZ ATM. Before that, he was CEO for almost 7 years.
  • Founder and CEO of Mobiley for almost 2 years.
  • Founder and CEO of Search Ready for over 3 years.

Elina Cadouri, Co-Founder

  • Co-Founder and COO of Remote for almost a year (ongoing).
  • Co-Founder of Outsource for 3 years.

Fausto Woelflin, Senior Engineer

Piotr Święs, Senior Engineer

Target market experts

Most of the Dock team worked at Remote, a company with a similar target market.

Marketing experts

Nick Macario, Co-Founder

  • Internet Marketing Consultant at ReachLocal for over a year.
  • CEO of Search Ready, a company focused on marketing, for 3 years.

Elina Cadouri, Co-Founder

  • Product, Marketing, and Operations at Wedding for almost 3 years.

Legal experts

No information on Dock’s legal representation status at the moment.

Software engineering experts

Stenli Duka, CTO

  • CTO at Remote for over a year.
  • Director of Engineering at MotiveMetrics for over a year. Before that, he was their Software Engineer for over a year.
  • Software Engineer Intern at IBM for a year.

Evgeniy Zabolotniy, Smart Contracts

  • System Administrator at Remote for almost a year.
  • Chief Architect at Branded for over 2 years.
  • System Administrator at Arces for over 2 years.
  • Backend Developer at Mobiley for 6 months.
  • Various system and network administration jobs for almost 7 years in total.

Gabriel Moncarz, Data Scientist

  • Integration and Development Engineer at Gemalto for over 2 years.
  • Java Web Developer at Everis for 6 months.

Fausto Woelflin, Senior Engineer

  • Senior Software Engineer at Remote for 6 months (ongoing).
  • Senior Software Engineer at Ampush for over a year.
  • Project Manager, including development work, at FeeTrader for 3 years.
  • Senior Software Engineer at 3D Data for 7 months.
  • Senior Software Engineer at SafedoorPM for over a year.
  • CTO at ParriFacil for 3 years.
  • CTO at Dotspin for over 2 years.
  • Software Developer at Ericsson for over 2 years.

Piotr Święs, Senior Engineer

  • Senior Engineer at Remote for 5 months (ongoing).
  • Owner of Amonit Software for over 8 years.
  • Software/Data Engineer at Hunted Hive for 8 months.
  • Senior Software Engineer at Danske Bank for 4 months.
  • Senior Software Engineer, Tech Lead, Machine Translation Specialist at Webinterpret for almost 5 years.
  • Start-up Partner and Full-stack Developer at Wonderpage for 9 months.
  • Full-stack Developer at T-sign Studios for over a year.
  • Software Engineer at Office123 ApS for 8 months.
  • Full-stack Developer at B2i for almost 2 years.

Sergey Ermakovich, Lead Frontend Developer

  • Front End Engineer at Remote for a year (ongoing).
  • Front-end Engineer at Branded for almost 2 years.
  • Front-End Engineer for 2 years and before that, Lead .NET Developer for 2 years and Senior .NET Developer for over 2 years at ScienceSoft.
  • Senior .NET Developer at Banking Technologies Center for 6 months.
  • .NET Developer at the Informational Resources and Communication Center of BSU for over 2 years.

Samuel Hellawell, Senior Frontend Developer

  • Frontend Developer at Remote for a year (ongoing).
  • Frontend Developer at Branded for over 3 years.
  • Freelance Programmer for over 9 years (ongoing).
  • Frontend Developer at Mobiley for 6 months.
  • Web Developer and Game Developer at Game Odyssey for over a year.

Maciek Bodek, Senior Frontend Developer

  • Frontend Engineer Lead at Shortlist for over 3 years (ongoing).
  • Freelance Frontend Engineer and Web Design expert for over 11 years (ongoing).
  • Senior Frontend Engineer at Edelman for over a year and at Design Royale for a year.
  • Frontend Engineer at Redefine for 6 months.

Blockchain development experts

No team member with notable blockchain development expertise.

Token sale structure

No team member with notable token sale structure expertise. However, some of their advisors especially Darius Rugevicius and the “Prominent Advisors” listed above are experienced in token sale structures from their time as advisors to projects in the past.

Token economics

Same as above.


  • 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.

The analysis was produced by Research Center team members: Robin Davids, Mark Jedd, Eugene Tartakovsky.

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Was able to participate this morning. The ICO almost went wrong with the token sale website not being online immediately, but after about 40 minutes I got in :-)

Interesting project!


Congratulations! We hope it goes well for you :)


Me too ;-)

I like the team and the project. It looks like they know what needs to be done and they might pull it off. Having Charlie Shrem as an advisor might also not be a bad thing ;-)

Do you guys have some form of guidelines about how far or close to the ICO you do these kind of analyses?


Do you guys have some form of guidelines about how far or close to the ICO you do these kind of analyses?

It's complicated :) We do have some guidelines and priorities we follow but we can't yet guarantee that the article will be published at any specific length of time prior to the ICO. Sometimes we learn about the project very late, sometimes a team doesn't know/provide an info until after the ICO an so on. We try our best to publish stuff that's still relevant and notify our readers when the ICO we are describing has already finished. Surprisingly for us, there is a lot of people who are reading our past articles even though the ICO is long gone.


I get that. I also get why people read them long after the ICO, they are of good quality and a quick read :-)


Thank you, we are pleased to hear that!