ICO Airbloc Protocol

Website: https://airbloc.org
Token type: ERC-20
Ticker: ABL
Token Supply: 400,000,000 ABL
Hard Cap 20,000 ETH
Whitepaper: 56 pages

Token Distribution:

Project Summary:

• Decentralized data platform

• Targeted advertisement/Data marketplace

• Users are incentivised to sell their data to the airbloc marketplace
  via ABL

• Gives users control of what data they would like to share

• DAuth

  • Official agreement signed when user agrees to share data

  • Committed on chain

• Layers

  • Application

    • Apps built with Airbloc SDK

    • Main App (Client)

    • Main Exchange (Client)

  • API

  • Service

    • Ethereum network for token rewards via smart contract

  • Core

    • Ethereum for EVM smart contracts

    • Aero for data validation

  • Tokens

    • ABL

      • ERC-20 used for staking and transacting

    • AIR

      • Pure reward token

      • Can be converted to ABL

      • Non transferrable token (ERC20?)

      • Used as a proof of contribution to the network

      • There is no alternative way of receiving AIR besides
        obtaining them from rewards

  • Data structure

    • Identifier

      • Mandatory

      • Information about owner (name/email/uuid)

    • Trait

      • Distribution limit (max number of sells)

    • Payload (Self explainatory)

    • Lineage

      • Distribution history

      • Only 2 ends of pipe can view the lineage

  • Data pipeline

    • Data source

      • Usually the user with an Airbloc account

    • Data collector

      • An app registered on the Airbloc platform with ABL at
        stake

      • Collected data is ingested (encrypted) and returned to
        the collector for storage

    • Data refinery

      • Entities that try and make sense of the data

      • Drawing of relationships

Pros/Cons:

• Pros:

  • Strong partners

    • Ebay korea and Woowa Brothers touted

  • About half the tokens are being sold

  • Already has a working app on the app store that people download
    for airdrops (Good Job!)

• Cons:

  • The use of 2 chains (Ethereum and Aero) might further complicate
    things

  • Hard cap seems moderate

  • Not really a big con but all data is actually collected first
    before being filtered by the refineries. This seems to carry
    some risk.

  • KYC is required to share your data

General Thoughts:

Airbloc is not the first data marketplace project I have come across but
it does seem to boast a number of big partnerships even before the ICO.
The system looks well thought out in general but I personally feel that
AIR tokens are un-needed as rewards can be easily tracked on chain.
However AIR tokens do serve as an easy visualization on a participant.

The team's choice to use 2 chains to accomplish their task also looks
questionable to me as there exists chains and protocols out there that
satisfy their needs. I am also sceptical about the part where the data
is stored by the collector with the encryption key stored on chain. I
have raised that question to their chat group and await their response.

A number of points which I am interested in such as the refining of data
are not documented in the whitepaper/technical whitepaper. Counting on
that they are still on the pre sale phase of their ICO, I expect a
revised whitepaper to be ready before the public sale on 19th June 2018.

To wrap it all up, Airbloc looks to be a strong project with decent hype
during the pre sale phase; having just sold out their second public
pre-sale despite having slightly above 3500 members in their English
telegram group.

Rating: 7.2/10

Disclaimer: This is not investing advice and simply my personal
thoughts and opinions. I am not liable for any decisions made from this
post. I am also not affiliated with any investment or advisory firms and
do not engage in activity with such entities.

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