Bullshit detector: what's happening with IOTA after ICO?

02/06/2018

Overview by the team kript.io
What is IOTA: an ecosystem for Internet of Things.

IOTA is an open source distributed ledger protocol that provides IoT companies with the needed technologies, enabling to trade on an open market in real time with no fees. What is unique about IOTA is that it does not use Blockchain. Instead, IOTA uses the Tangle software protocol that fundamentally differs from the well-known technology. The advantage of the Tangle is that transactions are processed in parallel. The protocol brings zero fees, infinite scalability, fast operations, and secure data transfer. The team aims to make IOTA a major ecosystem for the IoT.
Website: iota.org.

Token trading: June 13, 2017.

Where to buy tokens: Binance, Bitfinex, Gate.io, Coinone, OKEx, Exrates, CoinFalcon.

Token price: +97% ($1.26).

How much they planned to make: they reached a hard cap of 1337 BTC (about $435 thousand).

What their token gives you: an internal currency.
What will happened to tokens: the total issue of MIOTA tokens is limited to 2.8 billion tokens. All tokens are in circulating supply.

What they promised/made: milestones according to the road map have no dates.
Stable Java client — ✔ (stress test coming soon)
C++ client — ✖ (early development)
Rust and Go languages — ✖ (early development)
Light client — ✔
Swarm Client — ✖ (research, preliminary stage)
Improved networking — ✖ (active research)
Automated snapshotting — ✖ (active development and testing)

Crew:
the project's Co-Founder and CEO, David Sonstebo, is an expert in business and technology who has been working in crypto space since 2012 and was involved in Nxt project in 2013. He founded IOTA together with Sergey Ivancheglo, Dominik Schiener, and Sergey Popov. The team is big, and a lot of new people joined IOTA in 2017.

Review after ICO:
IOTA was founded in 2015. Open beta-testing started in summer 2016.

in 4Q 2017 IOTA made a lot of achievements, including IOTA Foundation establishment, partnership with Bosch, masked authenticated messaging introduction, data marketplace launch, and others.

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