Light Streams ICO
It is advisable for one to conduct their own research regarding ICOs and their limitations or advantages as the internet is not a good financial adviser when it comes to how one should handle their money, however, a quick overview of the way an ICO works, its token economics and its white papers is a good dive into what the ICO stands for.
A recent upcoming ICO is one that goes by the name of Light Streams. This ICO wants to provide fast and secure data storage on its own blockchain. It does not provide much information regarding its token economics, however, it does have a hard cap set at 20 million dollars. Regardless of the information provided on its website, an assessment of the ICO is still possible.
With the positives, the first thing one notices with the project is that it really does have a very good value proposition that clearly distinguishes it from its rivals. It aims to have its own native token but retained compatibility with the Etherium blockchain using existing ecosystems of a theory of developer tools and libraries so this means that other projects can actually build on top of the light streams the network while issuing their own ERC 20 tokens. The second thing to like about this project is that it gives users a proof of authority consensus mechanism which provides them a selective access to information through the use of block permissions. In other words owners of smart contacts can grant or revoke access to content so that it it can authorise access to information and execute smart contracts on the light stream blockchain. Finally, the team, the CEO and business development group have a wealth of experience in the blockchain sector. The project’s advisers harbour tried and tested entrepreneurs but there are no Tim Drapers or Mark Cubans on the advisory panel. This is actually a good thing because it tells you that they have people working with the project that actually believe in its vision. It is quite average in terms of token economics.
On the other hand, their hard cap is a little bit higher. We want to see something a little lower around the fifteen million dollar mark but it is still a very incredible project. Their team is pretty above average, almost excellent. In terms of hype they rank quite low, however, it will increase as time goes on as they are still at an early stage.
Furthermore, the FAQ section on their website lacks detail and does not discuss the block reward mechanics. Not does it go into any explanation about how nodes on the network will be validated which is really crucial for us as investors if we are to understand how their underlying blockchain will operate. Finally, the use cases and examples listed in their white paper are just too generic and broad to capture the investors imagination. In theory the entire data development market is their customer base. Specific examples about how light streams intends to tackle data sharing in a decentralised way would have galvanised greater interest and awareness for their project and one doesn’t really see that in their white paper.
Keeping all that in mind, it is essentially up to one’s own self whether they choose to invest in an ICO or not. Research, analyse and approach with caution. The world of ICOs is your own playing field and whatever way you choose to venture out in it, make sure you are fully equipped and motivated before doing so.