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Chromia (KuCoin IEO)
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Chromapolis Review and Rating
Pros
- ChromaWay which is the company behind Chrmapolis has being existed for more than four years now. The three founders have the right background; the most outstanding figure is Alex Mizrahi which lead the Colored Coins project since 2012. Among the advisory board, we see people from the proper fields: Yiseul Cho (Venture Partner at FBG capital, Co-Founder & Partner at HASHED), Guy Korem (Leading figure at the Beam project and a president of DAGlabs). Also, the Chromaway has some outstanding Advisors such as Charlie Lee (Litecoin founder) and Vinny Lingham (Founder and CEO of Litecoin). According to ChromaWay, those advisors are not fully involved in the project.
- Technology: Implementing a rational database on top of blockchain- this can allow users access the data faster and easier. Also, Rell will be used as the programing language, Rell is claimed to be 7x more compact than SQL and allows meta-programming from templates and handles overflow errors. Side chain for each Dapp- up to 500 tx's per second per Dapp. All those new features show an impressive technology that could be very relevant for Big-Data Dapps.
- Token Use: Chromapolis CHROMA tokens are used by dApps to pay hosting fees and to peg dApp tokens. Additionally, nodes running the Chromapolis system (a mega dApp in a sense) are also rewarded by part of the dApp hosting fees.
Cons
- Token Sale Terms: Chromapolis hardcap is $15M for 15% of tokens sold to partners. $11M were already sold for private investors (price unknown), and according to the rumors, the rest will be sold on KuCoin's IEO. 30% will be referred to as Airdrop, and 65% will stay at the ChormaWay. The last figure made us a bit specious about this sale. Also, 15M for 15% will require a marketcap of 100M which can be considered high. On the other hand: projects who did manage to be a relevant Dapps platform such as Ethereum and EOS got much higher hardcap (EOS has $4.3B marketcap, and ETH has $17.2B marketcap
IEO Ended
29 May 2019
$11,000,000 / $11,000,000
Token: CHR
Token type: ERC-20
ICO price: 1 CHR = $0.05 USD
Finite token number: 1,000,000,000 CHR
Token Allocation: 70% owned by ChromaWay, 25% For promotional use, 3% To enable Chroma<->ETH conversion, 2% To put into system node compensation pool
Availability: United States of America, Canada, New Zealand, Thailand, Japan, Mainland China, Bahamas, Botswana, Cuba, Democratic People’s Republic of Korea, Ghana, Serbia, Tunisia, Somalia, Zimbabwe, South Sudan, Sudan (north), Sudan (Darfur), Iran, Iraq, Libya, Syria, Eritrea, Ethiopia, Yemen, Sri Lanka, Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Côte d'Ivoire, Democratic Republic of the Congo, Guinea, Guinea-Bissau, Lebanon, Liberia, Myanmar, Pakistan, Nicaragua, Republic of Macedonia, Trinidad & Tobago, Tunisia, Uganda, Ukraine and Venezuela Not Allowed
Status: Whitepaper is ready.
Accepted currencies: KCS
KuCoin IEO Token distribution immediately after deduction of KCS
Cap: 40,000,000 CHR ($2,000,000 USD)
Price: 1 CHR = $0.05 USD
Allocation Per Winning Ticket: 500 USD (10,000 CHR)
Private Sale
Raised: $11M USD (149.5 M CHROMA + 14.9 CHROMA Bonus)
Price: 1 CHROMA = $0.07-$0.08
16.44% From Total Supply
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Team Members
Advisory board
ChromaWay
Partners
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