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Details
Crowdsale Token Price: $0.022
Hard Cap: $12,500,000
Tokens for Sale: 650,000,000 (65% of Total Supply)
Countries Excluded: Iran, Iraq, North Korea, more TBA
Crowdsale Date: 16 March, 2018
"iOlite is a community-driven knowledge base for naturalized languages which allows an easier human-machine interfacing. In other words, iOlite is a blockchain solution that constantly learns how to communicate with machines, using any language used by the community, which can be a programming language or a natural language. For example, if you would like to write a smart contract with Ethereum Solidity, you can do so by using C or C++ (or any other language) through utilising iOlite." (Whitepaper)
Main Positives
Businesses will be able to use Python, C++ and other known programming languages in order to build Ethereum based smart-contracts. This tool will come in handy for many developers that are interested in smart-contract but don't have the time nor motivation to learn a brand new programming language from scratch.
iOlite can be used with natural language to create mainstream application such as bots, and manage IoT interfaces besides the smart-contracts creation.
iOlite coins are used as a means for value-transfer inside the iOlite network. As an author of a smart contract you don't need iOlite coins, however if you would like to use a smart contract that was created by another author in the network, you will have to pay that author fees. Personally, I believe this is the perfect way to utilise the platform's native tokens. For an individual who is not Blockchain savvy, this token usage design can truly benefit to iOlite's adoption.
Main Negatives
The proof of concept is yet to be finalised. The core team claims it will be done by the end of Q1, 2018 at the latest.
The documentation could be better. However, according to the core team they are working on a full website / documentation improvement which should actualise within the next weeks.
Team Highlights
Alfred Shaffir (CEO) - Founded and managed three startups: Seanternet, an infrastructure for Internet at sea, Polycoin, a cryptocurrency-blockchain processing platform, and Folloyu, a web mobile technology. Has led global teams at Intel and Cadence Design Systems.
Frank Frausto (Advisor) - Frank Frausto is a Google veteran of over 14 years and has experienced first-hand the evolution of the world’s most recognizable startup from a private valuation of $18 billion in 2003 to today’s market capitalization of $640 billion. Currently, Frank serves on the Advisory Board of KrowdMentor, a strategic investment and advisory firm empowering blockchain investors, funds, startups and entrepreneurs to reach their goals.
Erik Alberts (Advisor) - Erik Alberts, a Cisco Systems executive, supports the development and execution of a strategic roadmap for supply chain. Erik is 20 year Silicon Valley veteran with extensive results-oriented experience in finance, operations, and supply chain. Working with teams from around the globe, Erik leverages the best of his financial, supply chain, and operational experience to drive impactful business transformations.
The Wrap Up
Short Term: Good | Long Term: Medium
For further information and more information about this project go to the following:
Isee0s Review Spreadsheet: http://bit.ly/2jpOUHX
Telegram Isee0s Announcement Channel: @IseeOs
Telegram Isee0s Chat Group: @https://t.me/iseeos_reviews
The information provided is not to be construed as financial advice in any shape or form. You are strongly advised to conduct your own research before investing. As an investor, you are solely responsible for your actions. I cannot be held liable for any losses you may make. This information is simply my view and opinion on the subject.
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