Hello everyone,
There is a new project that started its crowdsale and I would like to introduce you to them. The project is called iShook. The crowdsale has begun and it will be on until May 22nd.
The ICO received an 8.7 score from Foundico and already received 4.5m USD funding.
iShook is trying to become a community, where literature fans and authors can meet, collaborate, interact together. Authors (or content creators) can access their target markets easily, without going through a press house/agency. Readers can follow and interact with their favorite authors, as well as reach, read, share their loved literature. While it may sound like a “geeks only” market, the number of geeks reading e-books, articles, commenting and socializing is far beyond your imagination. I am one and I know it ;).
The whitepaper defines the problem that iShook is trying to tackle in 3 headings. First one is, the authors are getting strained because they are writing (creating), connect with distribution networks and social networks for their promotion. While self-publishing is becoming more common, its costs are not easy to cope with. Promoting your work through advertisement and social media networks can be draining financially but may still be far away from your targeted audience.
The second problem is the monetization of content. Even though digital publishing is getting ahead of traditional publishing, it is still difficult for authors to monetize their works due to royalties, advertisements, and promotions. Think about major newspapers, begging for you to subscribe to their content. You have seen it online and you said “death to traditional media”.
The third problem is about the readers – users. The amount of content and information created is exponentially growing, so users need to manage their information channels superbly to satisfy their needs, without getting lost in irrelevant content. However, this is dramatically difficult to do. A well-organized content ecosystem is required to nurture the literary need.
iShook provides a solution to all these problems. To quote their solution:
"iShook is seeking to enhance its singular network to facilitate and host digital content and increase content >creators’ visibility. Rather than have content creators lost under a multitude of distribution networks and social >media channels, iShook provides a singular social network gateway between authors and their audiences.”
“iShook is for the social reader who searches for better access channels to their desired content.”
“iShook is for the note takers who wish to share and access their notes directly from content creators and other >readers.”
“iShook is for the content creators looking for a single network channel in which they can publish, monetize and >market their content.”
How is iShook different than other ICO’s that offer platforms? iShook already has working social networking platform – http://www.ishook.com; a news and blogging platform – http://www.ishookdaily.com and an e-commerce store – http://www.ishookstore.com. The company is applying blockchain technologies to its existing platforms.
After this introduction, I will go through the facts of the ICO as usual.
Domain registration - date ; name
Domain Name: ISHOOK.IO
Registrar URL: www.name.com
Creation Date: 2017-08-10T22:08:08Z
Registry Expiry Date: 2018-08-10T22:08:08Z
Registrar: Name.com LLC
Domain Name: ISHOOK.COM
Creation Date: 2002-07-24T07:01:06Z
Registrant Name: BENI RACHMANOV
Registrant Organization: ISHOOK INC
Source: https://hypestat.com/info/ishook.io ; https://hypestat.com/info/ishook.com
Corporate information - date of incorporation, city of incorporation etc.
Current Entity Name: ISHOOK INC.
DOS ID #: 4462618
Initial DOS Filing Date: SEPTEMBER 23, 2013
County: QUEENS
Jurisdiction: NEW YORK
Entity Type: DOMESTIC BUSINESS CORPORATION
Source: https://goo.gl/2Qmw5z
CEO, CTO, chief blockchain developer - the number of followers on LinkedIn - Twitter - Date of joining to Social Media
CEO – Beni E Rachmanov
Linkedin: https://www.linkedin.com/in/benierachmanov/
Followers: 826
Twitter: @BRachmanov (Joined Dec 2011, Follows 22, followers 6) – not active since 2016. Actually not active at all.
Instagram: N/A
CFO – Michael Yusupov
Linkedin: N/A
Followers: N/A
Twitter: N/A
Instagram: N/A
Chief Technological Leader – Aatish ( I couldn’t find other information on him ☹ )
Price offering at the time of steem, total market cap at the time of ICO.
1 SHK = 0.001 ETH – 60% Bonus
TOKEN SUPPLY
1,000,000,000 SHK 500 m USD (1 ETH=500 USD)
HARD CAP
72.000 ETH (web site, ignoring bonuses)
Soft CAP (whitepaper pg 26)
2.000 ETH
Distribution of resources (whitepaper pg 24-25)
The breakdown of token allocation is as follows:
• 57% of SHK tokens to be allocated to the General Crowdsale
• 36% of SHK tokens to be locked in iShook Wallet
• 3% of SHK tokens for Vendor payments
• 3,5% of SHK tokens for Advisors
• 0,5% of SHK tokens for Marketing
Inflation rate per year/tokens to be burnt over years
Emission Rate: No new tokens will ever be created.
Number of people in telegram channel; the number of Twitter followers
Telegram 9655 members, @ishookinc 11K followers as of Friday 13th - April 2018.
Word cloud of white paper
The company published their white paper through issuu.com so it is not possible to copy the white paper to create a word cloud. However, I will pick the vision statement page of the white paper.
I hope this steem will help your decision in investing or not in iShook.
Happy investing,
Q.
p.s. You can get more information through following this ling: http://bountyhive.io/join/iShook?from=ozguna