OneLedger ICO review
I am not your financial advisor, please do your own research. Any information presented here is my own opinion and sharing of my subjective research.
Website link: https://oneledger.io/#home
White paper link: https://oneledger.io/wp-content/uploads/2018/03/oneledger-whitepaper-03.12.18.pdf
Name: OneLedger
Type of platform: Enterprise solution, API gateway between business and public/private blockchains
Consensus mechanism: Sharded and modified practical Byzantine Fault Tolerant consensus scheme
Soft cap: $4M
Hard cap: $15M
Private pre-sale: $6M
Public pre-sale: $3M
Public sale: $5M
Questions 1 - 16 are rated between 1 - 10
Website user experience - 8
White paper overall - 3
Idea - 8
White paper technical details - 1
Roadmap - 5
Team overall - 9
Team developers - 9
Team marketing - 7
Team business management experience - 8
GitHub activity - 1
Partnerships - 7
External sources of partnership confirmation - 9
Advisors - 9
Reviews - Not checked
Press mentions - Not checked
Reddit activity - 0
Bitcointalk activity - Non existant
Prototype ready - No
Online team AMA - No
Bounty campaign - No
Number of team members - 7
Number of team developers - 3
Date of first GitHub commit - 6 days ago
Number of Github contributors - 1.5
Number of GitHub commits - 9
Partnership one-sided or real - Not checked
Pre-sale bonus - Not checked
ICO bonus - Not checked
Telegram members - 812
Twitter followers - 92
Facebook likes - Not checked
Discord members - Non-existant
Slack members - Non-existant
Transactions per second - Not disclosed
Comments:
Since they want to be able to execute transactions on multiple chains, it will most likely have to go through their system first and then launch the transaction onto the desired chain, thereby creating 2x transactions. Even if their platform executes transactions at light speed, the rely on transaction throughput of chosen chain if I'm not mistaken. Project seems far away from achieving their desired features. Most feature presentations start with "we will". Explanation of consensus mechanism are too general and obvious, they spend large part of consensus part of white paper explaining how voting is done and the "2/3 part consensus voting" which is kinda obvious since almost every consensus mechanism operates in that manner.
My thoughts:
All star team, clearly knows whats up.
Not original idea but very much needed one.
This project is too far away from a prototype to get me to invest.
Attractive soft/hard-cap, solid partnerships.
Lacks technical specifications in white paper
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