ICO Cosmo Chain

Website: www.cosmochain.io
Ticker: COSM
Token type: Unknown
Rate: 1Eth = 10.000 COSM
Soft Cap: 5,000 ETH (All ETH refunded if not met)
Hard Cap: 50,000 ETH
Whitepaper: 27 pages

Distribution of funds:

Project Summary:

• Cosmo in this case relates to the cosmetic industry, cosmic space
  (although that will be wayyyy cooler)

• Intends to have 3 layers

  • Database (blockchain and external)

    • Intends to run 1 public and 1 private chain

    • Has not decided on protocol to use (as of this writing)

    • Conditions for protocol selection is min 1000 TPS with low
      tx fee

  • Platform (For marketing and community)

    • Consumers sell data to companies (transacted in Cosmo)

  • Application (Personalized product development etc)

    • Not implemented yet

    • Possible use cases include personalized product development

    • Big data shopping navigator

Token Utility:

• Token structure is somewhat similar to steem

• Cosmo has 3 different tokens

  • Cosmo Coin

    • Mainly used for payments

    • Can be used as an entry/exit to Cosmo Power

    • Has inflation rate of 10% for first year

    • Inflation decreases 30% of previous inflation (e.g 30% of
      10% for y1) rate every year

  • Cosmo Power

    • Obtained through buying via Cosmo Coin or upvotes

  • Cosmo Level

    • Indicator of a user's contribution

    • Determined by the total amount of Cosmo Power in a moving
      time window

    • Depreciates through exponentially weighted moving average
      (Basically depreciates exponentially for non-activity

• A coin pool will exist to enhance liquidity

  • Replenished when

    • 20% of new coins will be stored in pool

    • Revenue from businesses

  • Depleted when

    • Paid out to participants who perform microtasks

    • Used to provide discounts in marketplace

    • Used to cover operating costs

Thoughts:

• This is a Korean ICO. Cosmetics are big in Korea

• Industry specific tokens are usually evaluated based on their
  industry partners which are usually released after the ICO

• The token metrics are somewhat complicated and might hinder
  adoption. However, the token value will increase should this
  platform gain traction

• Whitepaper seems a bit vague in terms of implementation (blockchain
  wise). Ultimately this should be achievable without blockchain
  technology (weak use case)

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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ETH: 0xa0b9Ec81eC4dcb269D5cc27E717bb967c441233e