AERGO ICO Review
Hey whales! Enjoy my new review on AERGO.
Summary
Project name: AERGO
Hard cap: 32 mln. $
Token type: Own wallet
Hype level: High
Project Overview
What does the company/project do?
AERGO is going to create an enterprise-grade 4th generation blockchain allowing users to deploy their dApps on blockchain easily. The project is positioning themselves as the bridge between private and public blockchains for enterprises, utilising an existing platform model, Coinstack. Overall, AERGO promises a revolutionary concept and an open source project.
How advanced is the project?
AERGO doesn`t have MVP at this moment and according to their roadmap Testnet will be launched in Q4 2018 and Mainnet will go live in Q1 2019.
Opportunities
- The project is supported by Blocko - infrastructure blockchain company from South Korea, which has been successfully operating since 2014. Blocko will present AERGO to its existing clients, this may lead to the rapid adoption of the new blockchain
- The project is represented by a strong team with rich experience, both in technical and commercial fields
- AERGO has successfully completed its private sale and raised 29 mln. $ from leading crypto and VC funds (GBIC, FBG Capital and many others)
Concerns
- AERGO will use DPoS consensus, it will increase the threat of becoming centralized
- the project will face severe competition from other blockchain start-ups, as well as companies from the centralized sector which are implementing blockchain solutions for business
Conclusion
Short term potential: Positive
AERGO has an excellent team, backing from top-tier investment firms and high market awareness, all of this will help to perform well even in the current market enviroment
Long term potential: Excellent
Being backed by Blocko AERGO has the chance to get broad adoption rapidly, this is ultimately important in the current market overcrowded by new high-speed blockchains. So I think that AERGO has a huge potential in the long-term.
For more information about the ICO, please visit the following links:
Website: https://www.aergo.io
Telegram: https://t.me/aergoofficial
Twitter: https://twitter.com/AERGO_IO