ICO is Coming: Iagon — are They Serious?

03/28/2018

Review by the team kript.io
What is Iagon: AI-based decentralized cloud systems.
Project: Iagon is going to create a universal solution for decentralized cloud-based services. It will enable to store files and carry out complex computer processes within Blockchain platform with the use of cryptographic and AI technologies. The platform will be easy to use and synced across all smart devices. It can be used by individuals and enterprises. The goal of the project is to revolutionize the world's cloud industry by creating a sort of a global supercomputer.

Country: Norway.

Website: iagon.com

Analog: Siacoin, Storj

How they differ from the competitors: 10% commission fees on transactions. The commission will be charged from the tokens transferred from users to miners.

How they want to make money: commission fees on transactions.

Market size: annual expenditures on worldwide cloud computing were nearly $70 billion in 2016, showing the growth of about 250% comparing to 2011.

What their token gives you: an internal currency.

Token price: pre-ICO – 1 IAG = $0,07 / ICO – 1 IAG = $0,12.

Free tokens: bonuses during pre-ICO were up to 31,5% from the token price.

Terms of sale
: no minimum sum of purchase. Accepted currencies – Bitcoin, Ethereum, Litecoin, Dash, NEM, IOTA, and fiat.

What will happen to tokens:
token issue is 1 billion IAG. There is no info about their plans concerning unsold tokens if there are any.

Token allocation:
70% — Pre-ICO, ICO;
10% —team;
10% — bounty;
10% — development.

How much they want to raise on ICO: soft cap — $30 million, hard cap — $77 million.

Where the money will go:
no info.
Team: 2 founders, 11 team members, and 6 advisors.

Navjit Dhaliwal: CEO and Founder. In the past, he was a medical entrepreneur in the field of dentistry, successfully leading operations and doubling its revenues within one year.

Elad Harison: COO & Chief Architect, Co-Founder. He is an expert in Data Mining and Machine Learning, an Economist and Industrial Engineer. He is the former Head of the Industrial Engineering Department at Shenkar College, an accomplished economic advisor, and an analyst in the private sector in Israel and in the EU.


Advisors:

Trond Skundberg: Business Development Advisor;

Arvid Strand: Business Development Advisor;

Sohel Ahmed: Business Development Advisor;

JK Song: Business Marketing Advisor;

Chris Abdey: Blockchain Business Advisor;

Petr Kosikhin: Blockchain Architect Advisor.

Free tokens: 11% bonus during pre-ICO, 6% bonus during the first 3 days of ICO.
Roadmap
The platform was launched in December 2017
Q2 2018

Pre-ICO, ICO, smart contracts
Q3 2018

Distributed storage
Q4 2018

Distributed processing
Q1 2019

Integrated DApps
Q1-Q4 2019

Signing agreements with mobile operators worldwide to activate the Global Mobile Profile. First prototype of a global SIM-chip to be embedded into mobile devices. Expanding list of mobile operators and service providers connected to the Bubbletone Blockchain Ecosystem. 10 million transactions are processed



Communication:
telegram: 627.
facebook: 30,3 thousand.
twitter: 727
instagram: 272
youtube: 56

Dates of ICO: pre-ICO – April 2 - April 20, 2018; ICO (approximate dates) – April 20 - May 20, 2018.
Information on the landing page: ★★★★☆
How clear is the project: ★★★★☆


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