Zilliqa (ZIL) ICO: High-Throughput Blockchain
Executive Summary
Project Description
For all intents and purposes, Zilliqa is a new blockchain, a high-throughput public platform that can process thousands of transactions, and at the same time, enable highly scalable computations such as data mining or neural net training. At the moment, no other platform can do this as well as Zilliqa does.
On Zilliqa, PoW will not be used for consensus, rather, it will be used to establish mining identities. As a result, it will be used less frequently, and by fewer miners on the block. Another unique feature on Zilliqa is: even when a block is signed by multiple miners, the size of signature remains small. This scalability is made possible because of sharding; instead of having a large network of nodes, Zilliqa’s network will be split into shards (parallel sub-committees). So, rather than 100 nodes, there will be 10 shards with 10 nodes each. Each shard will process its own micro-block in parallel with the others, and they all merge afterwards.
What Zilliqa’s revolutionary PoW system means for miners is: lower joining cost, lower energy consumption, DApp users with different budgets still have access to secure computation, and finally, dataflow-style smart contracts.
ZIL, Zilliqa’s token will be used in a gas system similar to Ethereum’s. Therefore, it basically functions as an incentivization system. Ethereum is Zilliqa’s closest competition, but the underlying sharding architecture sets the latter apart, and furthermore, because it is based on the superior dataflow programming, Zilliqa has a further advantage over Ethereum.
Hard Cap and Valuation
Zilliqa’s hard cap is set at around $22M, and there will be 21 billion tokens in total. Apart from the fact that the tokens reserved for the team members and the company (along with agencies related to it) will be vested, no further information on token distribution is available at this time.
Around $20M was already raised in a previous round. Zilliqa opened an additional round based on community interest for 4445 ETH. A maximum of 1000 ETH will go to active Slack and Telegram core supporters of the project while the rest is up for the broader community whereas the individual cap is expected to be around 2.5 ETH and 5 ETH. You have until Decemer 5th to register for the additional sale and go through KYC.
Marketing Power
As at the time this post was published, Zilliqa has over 1450 Slack users, 2000+ Telegram users, over 1300 followers on Twitter, and 410+ subscribers on Medium.
Prominent Advisors
Loi Luu
- Co-Founder of Kyber Network
Well-Known Team Members
Christel Quek
- Head of Marketing
Howey’s Test
According to the Howey’s Test conducted by Research Center analysts, it is unlikely that ZIL will be considered a security.
Team Members’ Areas of Expertise
Business experts
Prateek Saxena, Chief Scientific Advisor.
Christel Quek, Head of Marketing.
- Co-Founder, and CCO at Bolt for 3 months.
Max Kantelia, Visionary.
- Co-Founder of Anquan.
- Managing Partner at McLaren Global Partners Pte. for 22 years.
Jun Hao Tan, Core Developer.
- Co-Founder of Edgis.
Target market experts
Xinshu Dong, CEO.
- Head of Engineering at Anquan for 5 months (ongoing).
Max Kantelia, Visionary.
- He gained some pertinent experience during his time at Anquan.
Marketing experts
Christel Quek, Head of Marketing.
- Head of Content at Twitter for 2 years.
- Co-Founder, and CCO at Bolt for 3 months (ongoing).
- Regional Social Business Lead at Samsung Electronics for a year.
- Global Social Manager for 3 years, and before that, Social Media Strategist for 2 years at Havas Media.
- Quek was selected as one of the top global digital strategists, Woman to Watch, and one of the 30 best executives to follow on Twitter. Her personal network is quite big.
Software engineering experts
Siddhartha Dutta, Core Developer.
Antonio Nicolas Nunez, Core Developer.
- Software Developer at Epic for 2 months (ongoing).
- Senior Software Developer at Anquan for almost a year.
- Software Engineer at Middleware Projects for 2 years.
- Software Engineer — Chip OS and applications — for almost 5 years at Gemalto.
- Software Engineer at Redmap for almost a year.
- Software Engineer at Canon Information Technologies, Philippines for almost 4 years.
Jun Hao Tan, Core Developer.
- Security Software Engineer at Anquan for almost a year.
Blockchain development experts
Xinshu Dong, CEO.
- Head of Engineering at Anquan for 5 months (ongoing).
Token Sale Structure
No team member with prior experience in token sale structure .
Token Economics
The team is experienced in token economics from their work at Anquan. Part of Anquan is its public blockchain, and as a result, the team is experienced in both public and private blockchains, and have a decent understanding of the token economics involved.
Disclaimers:
- 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 is produced by Research Center team members: Robin Davids, Mark Jedd, Eugene Tartakovsky.
We are constantly working on improving our work and welcome all constructive feedback. Let us know what you think.
Follow us to receive regular reports!
Great analysis, got in at .13, unfortunately, it fell down to .09 today but If they can keep up with their timeline, this will be a monster by end of 2018-2019
Zilliqa is listed as ZIL. Trade now. To the moooooon !!!!!
https://steemit.com/zilliqa/@bernardmadoff/etherdelta-listed-zilliqa-zil
Congratulations @research.center! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP