Arweave ICO Review

Arweave

(previously called Archain) - Welcome to the Future of Data Storage

Arweave Score



A new data storage blockchain protocol based on a novel proof of access consensus mechanism that creates truly permanent data storage for the first time. Now data is finally permanent, low-cost, and truly censorship free. Arweave has solved the millennia old problem of decentralised data availability. Pay Once, Store Forever. As the $3 trillion data-storage industry grows, the need for cheaper permanent data-storage become an urgent necessity.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

TOKEN SALES

METRICS

Green lights

– Test Network already out for 5 months. – Very low hard-cap at $8.7 million. – Very low Token supply, which should create demand. – 2 first-party applications already built on the platform. – People are already using application. Ie Internet achieve to do ICO Due Diligence. – Huge community backing with 20k plus Telegram members.

red flags

– Change of name from Archain to Arweave, slightly confusing for the community. – Lock-up period for Team & Advisors unknown. – Full Token Metrics not available yet. – Young team, no massive proof of running business of this scale. – Seed round already happened for the public in August 2017.

Arweave
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Unknown

High – Anthony Ryan is the Head of Growth at Quantstamp, mentored at Startup Weekend, first employee at Australia’s largest robo-advisor Clover.com.au, sold numerous online businesses, and has been investing in crypto since 2014. – Jesper Noehr founder & former CEO of Bitbucket, previously employed with Opera, Atlassian, and multiple hedge funds.

TEAM SCORE

Unknown

Medium – Young team with lots of blockchain experience. No All Stars but very experienced never the less.

HYPE SCORE

Unknown

Medium – Over 20k Telegram member. ICO started seed round in August 2017 so have been around for a while which is why it’s a big group, but lack mainstream media coverage.

TOKEN SCORE

Unknown

High – Despite not knowing the token price with a low hard-cap & token supply it get’s a high rating.

CONCLUSION

Unlike other blockchains they’ve created a scalable infrastructure to be the backbone for the data economy as they’re able to reach up to 5000 tp/s. That will soon reach visa-level transaction speeds because Arweave has built a continuously self-optimising network that will always improve over time as more miners adopt the network, whilst at the same time making storage cheaper. They will store data at a fraction of the cost of their competitor – Filecoin, Siacoin, and Storj over the long-term which is positive. They have a Test Net already out for use and have 2 first-party applications already built on the platform where people are already using these application like the Internet Achieve, which is being used to do ICO due diligence. Arweave will rely on it’s community of miner to adopt the network so it can grown it’s tp/s. Should this happen i can’t see this ICO not being a success.

7.6

ADVISOR

2

TEAM

4.8

HYPE

4.8

TOKEN

platform

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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