Oher noteworthy investors included Gil Penchina of AngelList, Kamal Ravikant, an investor in Protocol Labs, plus Uber’s founding advisor Steve Jang, and Randall Kaplan who founded Akamai.
Other fund participants were located in South Korea, Japan, Hong Kong and the Middle East. The company said it will be releasing a public beta of its platform, which is currently at the prototype phase, in the coming months. Don’t get Phished! The only official URL for Origin Protocol is www.originprotocol.com. Please bookmark and be careful of similar looking URLs. Teams all over the world are building on Origin’s protocols, but we’re looking for more amazing people to join our mission. Bee Token is building a middleman free, peer-to-peer network of hosts and guests on the decentralized web using Origin Protocol. Spin is a leading personal mobility platform that rents e-scooters, e-bikes, and bikes in over 50 markets in the US. Kozaza is building their homesharing and traditional homestay network on the blockchain using Origin Protocol. CanYa is building their “marketplace of services” with Origin Protocol for the gig economy. ServisHero is building their services marketplace that empowers workers in developing countries on Origin Protocol. Whether you are a freelance photographer, apartment owner, bikeshare supplier, or existing sharing economy business, Origin makes it easy to do business on the decentralized web. Get in touch to learn more. Harnessing the power of the Ethereum blockchain, listings are managed via a secure and transparent system that acts as a neutral third party. Buyers and sellers share the 20-30% transaction fees that currently go to companies like Uber, Airbnb, Fiverr, and Getaround. Origin is building the sharing economy of tomorrow. Buyers and sellers will be able to transact without rent-seeking middlemen. We believe in lowering transaction fees, promoting free and transparent commerce, and giving early participants in the community a stake in the network. An Interview with Coleman Maher from Origin about their ICO Like Uber, Airbnb, Getaround, Fiverr, Origin is also a sharing platform. But unlike these organizations, Origin is decentralized. These sharing economies being centralized have several shortcomings. They charge heavy transaction fees, subject to censorship and regulation. And neither have they rewarded early users who aided their success. Built on Ethereum and IPFS, Origin aims to be a sharing platform of the future. One which is completely decentralized, censorship-resistant, with no transaction fees and rewards the contributing network participants. On their website, they describe themselves as a sharing platform without any intermediaries. Their aim is to empower developers and companies to build decentralized marketplaces on the blockchain. Their platform enables buyers and sellers of fractional use goods and services (car-sharing, service-based tasks, home-sharing, etc.) to transact on the distributed, open web. The decentralized platform based on Ethereum blockchain and Interplanetary File System (IPFS) allows users to create and book services and goods without an intermediary. Origin, with the addition blockchain into the shared economy marketplace, plans to give buyers and sellers control over their data. This in turn will reduce transaction fees, and identity verification/reputation scores. Our team contacted Mr. Coleman Maher, who’s part of Business Development and Partnerships at Origin Protocol to learn about their ICO. We asked him several questions on the project and their ICO team. While he chose not to answer questions on token metrics or sale details, he was open to answer questions on tech, partnerships etc. Have a look at them below. How does your project impact the crypto market? We are hoping it impacts the entire sharing economy, not solely the crypto market. However, one of the first use cases we can think of are a marketplace for crypto-related digital assets. What is the purpose of Blockchain in your project? We are using blockchain because we want to build totally decentralized protocols to eliminate middlemen from peer-to-peer marketplaces. What role do Venture Capitalists and investors have in your project? Pantera Capital were our first investors and have been very helpful.
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- Christoph Mussenbroch, Protocol & Architecture
- Stephan Karpischek, Ecosystem & Community
- Renat Khasanshyn, Insurance Products & Revenue
We have taken some investment from groups that can offer strategic value to us.
Overall, we want to build the largest and most diverse community of investors as possible. What are the milestones of your project and how do you plan on achieving them? We released an Alpha version on testnet in January and will be releasing a beta soon. We plan on launching on mainnet in Q3 2018. Explain the risk factors associated with your project? We are building on Ethereum and IPFS. We are closely monitoring the scaling efforts from the Ethereum developer community. We are also very cognizant of regulatory risk and are looking for clarity from the SEC and regulators as to the state of cryptocurrencies and token sales in the US. How does the cryptocurrency token help your project? The Origin token is primarily used for incentives and governance. On the positive incentive side, tokens will be awarded for positive marketplace behavior such as leaving reviews, giving referrals, etc. On the disincentive side, marketplace participants will be required to stake a small amount of Origin token to create a listing as an anti-spam and anti-fraud measure. Later, Origin token holders will be able to vote on protocol level changes. Do you have a working prototype of your project in place? Upon completion of your ICO, how do plan on utilizing the funds? We plan on using our funds for product development. We are not going to raise any more money than we need. Have you established any infrastructure for your project? We are currently hiring. We do all of our development in the open. Please view our GitHub (github.com/originprotocol) or join our Discord (originprotocol.com/discord) to get involved in what we are building. Have you planned on organizing any events to promote your ICO? We do general community outreach, you can find details on our Telegram at t.me/originprotocol. We aren’t advertising or promoting an ICO or token sale. Who is your biggest competitor and how do you plan on dealing with it? District0x and Open Bazaar are respected marketplace projects in the blockchain world. All marketplaces building on Origin will have access to our sharing economy protocols. Open Bazaar is desktop based software and has no concept of fractional usage or ownership. Who are the advisors involved in your project and what are their credentials? Joey and Paul from Pantera have been very helpful. They believed in us and have been key in spreading the message about what we are building. Why do you think your team is the best for your ICO? Do they have any public track records, if so please specify? Our team has years of entrepreneurial and product experience. Matt (Matthew Liu) was an early YouTube product manager and moved over to Google when YouTube was acquired. He has been a key employee at several companies with successful exits. Josh (Josh Fraser) has founded several venture backed companies, including Torbit, which was sold to Walmart Labs. Josh and myself have been longtime Airbnb hosts and the whole team has been involved in crypto for a long time. Our lead developer, Stan, founded Lijit Networks and our community manager, Andrew, founded Startup Weekend and was employee #1 at Techstars. We have 40+ people contributing code to our project, including some very heavy hitters (early YouTube, Paypal engineers). We are focused on long-term success and real product development. We feel we are in good position to accomplish our very ambitious goal of offering an open source and fair alternative to monopolistic sharing economy companies like Airbnb and Uber. Origin Protocol is a set of protocols that enable buyers and sellers of fractional use goods and services to transact on the distributed, open web.
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- Ensures platform security and health.
- Enables network governance.
- Facilitates buyer/seller transactions.
The businesses and developers can build decentralized and blockchain based marketplaces on the platform, with a focus on a sharing economy.
It allows for the decentralization of the community and platform with the use of Interplanetary File System (IPFS) and Ethereum blockchain ( similar to Viso Global, Coinfi, Xmoneta, LiveTree, Play2Live ).
The decentralization allows for the creation and booking of goods and services without involving the traditional intermediaries.
The platform is built on top of many open source libraries, distributed systems, and protocols.
The initial approach of the developers is to average out the exchange rate over different markets and time.
Prior to the launch of the Origin Protocol network, the developers plan to integrate the stable coins that attempt to remove the volatility of the cryptocurrencies.
Quite unlike the asset-backed cryptocurrencies like Tether, new projects are attempting to implement programmatic central banks to manage both the deflation and inflation of the currency.
Identity is the core component of the platform, which is opt-in.
Buyers and sellers can transact pseudonymously as long as they consent to it.
They are free to choose the identity and identity provider for the purpose of acceptance.
The platform will verify the identity in two ways: ORIGIN Token Origin tokens (ORIGIN) will be introduced to create crypto economic incentives for the investors.
The ERC20 token will leverage the full advantage of Ethereum network’s developer tools and built-in wallets.
Origin offers open-source protocols and standards that allow buyers and sellers to connect with each other without the involvement of rent-seeking middleman.
The ORIGIN token is a utility token that will create positive and negative incentives to ensure the security, engagement, data validity and growth of the platform.
It allows the community to participate in the governance of the network with the use of the ORIGIN ICO token.
The platform is focused on bringing change and innovation to the sharing economy.
10 Mar: They have 21 thousand people in their telegram group, in spite of the fact that they don’t market themselves much.
Origin Protocol is top project for now.
We are waiting for them to publish token metrics and then it will be very high.
Bee token, Kenya, We trust, Propy and other projects are all built on Origin Protocol, by the way, Thrive is also going to be built on the Origin Protocol.
16 Mar: We are waiting for token metrics.
There may be community sale or airdrop.
Depending on metrics they can be given “Very High” rating.
25 Mar: Crush Crypto has published review on Origin Protocol, and they put neutral for flip, however they put good for long term.
However, I think that project may be very successful.
There are a lot of projects that are built on Origin Protocol and they did collect a ton of money.
But we are waiting for info about cap.
16-Apr: Andrey: Origin is a Market place, marketplaces do not have big ROI.
Alexey: Origin is the project in which I wouldn
t invest much.
Sergey: I dont invest in marketplaces, it is very long term.
27-Apr: Ivan: They develop very fast.
Famous funds have participated in their strategic round.
They have partnerships with more than 45 projects.
There is no info about crowdsale.
It might be an airdrop.
It is a candidate for Very High.
Team is Top, real superstars.
But it is not clear about crowdsale.
Origin Protocol, a start-up building a white-label platform for sharing economy-based businesses, has raised $28.5 million from strategic partners.
This follows an initial investment round of $3 million in December last year which was led by Pantera Capital.
Despite the fact that it has still not announced a public sale, Origin has amassed a large following amongst retail investors.
Its Telegram group now includes 23,000 members, many of whom are wanting to know if and when they can buy tokens.
It appears that regulatory uncertainty may be the principal reason for which the project team appears reticent to proceed with details on a public token sale.
Origin is located in the US and its tokens may be at risk of being classified as securities.
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Presumably, once a decentralised platform is operational, the tokens are no longer at risk of being classified as securities.
However, if that is the case, it implies that only accredited investors can invest during the development phase of a project, leaving retail investors out in the cold. We believe in lowering transaction fees, reducing censorship and regulation, and giving early participants in the community a stake in the network. Help us improve our listing for this ICO by asking a question. Your request has been sent. We will contact you asap. The insurance industry is an old and traditionally minded industry, often plagued by conflicting interests between insurance policy holders and insurance companies. The incentive insurance companies traditionally have of withholding payments or making it difficult to submit claims is removed by giving power back to the people and cutting out the middleman. Instead, anyone can buy “tokenized risk” by holding the Etherisc token and earn returns on the risk they are taking. The potential for savings in a model like this is obviously huge in that it can cut the large bureaucracy that characterizes many insurance companies today. These savings could potentially benefit both insurance buyers and token holders. Certain sections of the white paper also suffer from poor English writing and structuring which can make it difficult to understand. In fact, the Etherisc white paper looks more like an academic paper than a typical ICO white paper. In our view, it still has a way to go when it comes to explaining their concept to the general public. We believe the team would benefit from putting all of these together into a single easily understandable white paper. This document should also include essential information about the token and token sale, which is now largely missing. Etherisc is a company registered in Germany that is issuing a token that will be known as DIP on the Ethereum blockchain. When it comes to the token allocation, details are not easy to come by. We were not able to find any information about this on the website or in any of the 3 white papers that are available online. Eventually, we were pointed to a Google Doc by one of the company’s representatives on Telegram. As stated in this document, only 30% of DIP tokens will be available to the public during the token sale. This is a really small share, which in our view challenges the idea behind decentralized platforms. The overall token allocation is presented as follows: The token price for early contributors will be $0.10 + up to 25% bonus with a high minimum investment of 10 ETH. During the main sale, the price will be $0.10 with no minimum investment. Only non-accredited US investors are mentioned as barred from participating in the token sale. When asked about this on Telegram, the Etherisc representative stated that “some other countries might fail the AML check,” without offering further details. The Etherisc team appears to be fairly large with lots of experienced people from a variety of industries. The team is also more senior than many other blockchain projects, which in our view is better than having a team of only young people with no prior work experience. There are three co-founders on the team, each one with his own area of responsibility: All three co-founders have Etherisc listed as their employer on LinkedIn. The team is also spread out geographically with people from lots of different countries. Despite this, we do have some concerns regarding the team’s preparedness for the ICO (or “Token Generating Event” – TGE – as Etherisc calls it). Firstly, the many white papers that are published on the website make it difficult and confusing to find the information investor’s typically look for before investing. These documents should be merged and rewritten into a single easy-to-understand go-to resource for ICO investors. Secondly, we are critical of the team’s decision to only make 30% of tokens available to the public through the ICO. Generally, anything less than 50% public ownership of tokens challenges our view of what a “decentralized” platform should be like. All in all, we agree that the insurance industry is a good candidate for disruption. We also like the idea of “tokenization of risk” and letting anyone participate and essentially buy risk in return for a profit. This way, there is a huge potential for savings and cutting down on unnecessary bureaucracy in the insurance sector. However, we believe the team still has some work to do on the promotion and marketing side in order to make this ICO more understandable for the general public. All token sale details also need to be made available in one place, and the team should explain clearly their reasoning behind the token allocation model they have chosen. Overall, we arrive at a score of 4 out of 10 for the Etherisc ICO. More information: Featured image from Pixabay. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term trading.
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The author has no investment in Etherisc at the time of writing.
The company is creating a set of protocols that allow developers and businesses to build decentralized marketplaces on the blockchain, with a focus on the sharing economy. They have just released their live decentralized application and announced that over six different companies have committed to developing applications on the platform. Using the Ethereum blockchain and Interplanetary File System (IPFS), the platform and community are decentralized, allowing for the creation and booking of services and goods without traditional intermediaries. The company has recently announced that their decentralized application (DApp) is now live on the Ethereum test network and numerous new projects have committed to building on their platform. Some of these sharing economy sites charge upwards of 30% for hosting transactions on their site. Origin Protocol proposes cutting out these middlemen with new standards for the buying and selling fractional usage assets and services by using blockchain technology. Origin is built on the Ethereum platform, the leading cryptocurrency platform that enables smart contracts to execute on the blockchain. Critical transactional data such as pricing and availability are stored directly on the blockchain. The benefits of this will be dramatically lower fees, no censorship, and redistributed value – where early contributors are rewarded for their participation in the network. Origin empowers developers and businesses to build decentralized marketplaces directly on the blockchain by making it easy to create and manage listings for the fractional usage of assets and services. Buyers and sellers can discover each other, browse listings, make bookings, leave ratings and reviews, and much more. The company has just announced EIGHT new projects that will be building on Origin, including: ODEM, a global decentralized full-service education marketplace that removes middleman fees, based in the US. These projects will be joining fellow San Francisco company Bee Token, to begin building the latest sharing economy blockchain applications of the future on the company’s platform. Total funding amount raised across all Funding Rounds Algorithmic rank assigned to the top 100,000 most active Companies Descriptive keyword for an Organization (e.g. SaaS, Android, Cloud Computing, Medical Device) Date the Organization was founded Founders of the organization Operating Status of Organization e.g. Active, Closed Last Funding Round type (e.g. The token sale or exchange event is entirely unrelated to TokenMarket and TokenMarket has no involvement in it (including any technical support or promotion). Token sales listed from persons that TokenMarket has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Please refer to our website terms and conditions. If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns. Please also review our Sector Risk Warnings page here before you decide whether to commit any of your assets in respect of this product or service (or any other). Each Token project is different and the need for TokenMarket services varies - therefore sometimes all services are not provided and sometimes additional services are requested. TokenMarket receives compensation from the Token project for the provision of the services. The exact nature of the compensation varies. Depending on project and stage of the Token Sale TokenMarket receives a fixed fee and/or a percentage fee based on the volume of the sale. The average size of the total compensation is a mid to low single digit percentage. The fee paid is paid in the currency of the Token sale or in the Token itself. We are building a platform for services similar Airbnb and Uber, eliminating the roughly 30% commission taken by the corporations. The individual offering the service will receive 100% compensation for their efforts, and the customer will pay lower prices due to the eliminated deadweight loss. We imagine a broad collection of vertical use cases (e.g short-term vacation rentals, freelance software engineering, tutoring for hire) that are built on top of 0rigin standards and shared data. Together, we will create the Internet economy of tomorrow. ICO ADVISOR | CONSULTING | EXCHANGES ListingRated on Apr 4, 2018 12%weight This rating’s weight is reduced by 50% as there is no review added. Cryptocurrency Enthusiast | Senior Analyst at Midgard VenturesRated on Apr 23, 2018 19%weight Origin Protocol ICO review by Midgard Research: The team members have experience in launching tech companies. The project has solid advisors from Pantera Capital, who are advising a bunch of successful ICOs. Over 30 projects have already claimed that they will use Origin protocol, and the Demo DApp is already available. However, tokens will be distributed no earlier than Q3 2018, the field is highly competitive and the decentralised competitors are modestly evaluated by the market. In order to compete with centralised competitors, the project would need to raise sufficient funds. The score will be updated once the token metrics are published (no info on hard cap yet). Verdict: 6.5 out of 10 Read review https://cryptodiffer.com/origin-protocol-ico-review-midgard-research-eng
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Читать обзор https://cryptodiffer.com/origin-protocol-ico-review-midgard-research-rus 12%weight Origin Protocol aims to revolutionize and replace many existing sharing economy marketplaces such as Airbnb, Fiverr, and Uber.
The team has some good experience in tech ventures, however I feel the roadmap is too vage and it remains to be seen whether the project can gain enough traction. 1%weight This rating’s weight is reduced by 50% as there is no review added. 55%weight Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer’s results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.Ratings and ICO analyzer results are being updated (re-calculated) every few hours. Token distribution and launch of 3rd-party DApps