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Cryptonaire Weekly | September 23rd 2017 +44 (0) 207 193 2931

It has been a relatively quiet week in crypto

news. Compared to the previous week, Bitcoin

price rose 3% to around $3,750 and Ether

price was up by 11% to $280 on light trading

volume.

The market is now in a “risk off” mode, with

investors shifting money from altcoins/tokens

back to the major currencies as they are

getting more cautious. This has caused many

altcoins and tokens to retract in value.

A few recent ICOs that were sold out quickly

(e.g. Decentraland, Blackmoon) dropped

below their ICO price after only a few days of

trading, which is unusual.

Generating a 2 times return in just a few days

or weeks for popular ICOs was fairly common

only a short while ago. However, it is going to

become more difficult to find these high return

opportunities. I attribute this to two reasons:

1) ICO projects, especially the promising ones,

are raising more and more money, thus

limiting upside potential, and 2) the increasing

number of ICOs makes it harder to stand out

from the crowd.

Does it mean that the ICO craze is over?

Probably not, but it means that you will need to

be more selective when it comes to choosing

which project to contribute into.

This is what Platinum Crypto Academy is for – our mission is to help you find the good projects and avoid the shady ones. We will

continue to do what we do best, whether in a bull or bear market.

CRYPTONAIRE

CRYPTO investment journalWEEKLY


The Pirate Bay is pirating your processor for Bitcoin mining:https://cointelegraph.com/news/the-pirate-bay-is-pirating-your-processor-for-bitcoin-mining

Vitalik Buterin says Ethereum will scale to Visa levels capacity in a “couple of years”:http://www.trustnodes.com/2017/09/19/vitalik-buterin-says-ethereum-will-scale-visa-levelscapacity-couple-years

Putin's Internet Adviser calls for US-Russia cooperation:https://www.coindesk.com/blockchain-truce-putins-internet-adviser-calls-us-russiacooperation/

China bans Bitcoin executives from leaving the country:http://www.trustnodes.com/2017/09/19/china-bans-bitcoin-executives-leaving-countryminers-preparing-worst

Raiden release on Ethereum's testnet: https://www.coindesk.com/raiden-release-simplermicropayments-go-live-ethereums-testnet/

Two days later, Raiden announced its own ICO which drew heavy backlash:https://medium.com/@raiden_network/announcing-the-raiden-token-rdn-a43fe264dcf1

Ray Dalio, founder of the world's largest hedge fund, says 'bitcoin is a bubble':https://www.cnbc.com/2017/09/19/ray-dalio-says-bitcoin-is-bubble.html

Blog post – a pre-history of the Ethereum Protocol by Vitalik Buterin:http://vitalik.ca/general/2017/09/14/prehistory.html

Articles From Platinum Crypto Academy

Analysis of UnikoinGold ICO: http://platinumcryptoacademy.com/analysis-of-unikoingold/Analysis of Etherparty ICO: http://platinumcryptoacademy.com/analysis-of-etherparty/

Developments in the Cryptocurrency World

CRYPTONAIRE


SUMMARYProject name: UnikoinGold

Token symbol: UKG

Website: https://unikoingold.com/

Whitepaper: https://unikoingold.com/whitepaper

Hard cap: US$100 million (ICO contributors own 20% of total token supply if hard cap is reached)

Conversion rate: Total supply of 1 billion tokens

Maximum market cap at ICO on a fully diluted basis: US$500 million if hard cap is reached

Bonus structure: None

Presale or white list: Pre-sale is over

ERC20 token: Yes

Crowdsale date: September 22, 2017 for presale and September 23, 2017 for public crowdsale (please refer to UnikoinGold’s website for the most up-to-date information)

Token distribution date: Not specified

PROJECT OVERVIEWWhat does the company/project do?

Unikrn is a gaming and eSports company based in Seattle that was established in November 2014. It is a fully-regulated and licensed eSports bookmaker with a wagering platform for eSports.

Unikrn created a token called “Unikoin” which gave users an opportunity to bet on eSports, ladder up and win prizes in markets where Unikrn was not yet licensed to conduct realmoney wagering. Below are the products and services that Unikrn provides.

PREMIUM FEATURESUsers can earn UKG tokens by playing and winning video games on community servers.

User wallets will allow premium members to transact faster without additional fees.

Users can tip eSports professionals using UKG.

Below are the products and services that Unikrn provides.

Gambling:Includes skill-based and spectator-based wagering.

Raffles:Users can acquire jackpot tickets to win prizes (e.g. in-game items like skins, gaming hardware and accessories). Unikrn will also develop exclusive raffle rooms (“exclusive rooms”) where only users who purchase golden entry tickets using UKG will have access.


Analysis of UnikoinGold – Decentralized eSports Betting Token

CRYPTONAIRE


It should be noted that Unikrn will still continue their fiat betting operations after the introduction of UKG tokens in jurisdictions where this is legal.

Interview of Rahul Sood, CEO of Unikrn (video is 1:23:33 long):

https://youtu.be/QE8wbkp_ct4

Future roadmap of the project is detailed below.

By November 2017

Players bet UnikoinGold on themselves in competitive matches.

Use UnikoinGold to enter high-value jackpot and skin jackpot rooms.

Earn UnikoinSilver for connecting game accounts.

Earn UnikoinSilver by competing against other players.

Use and earn UnikoinSilver in live betting, pre-betting, raffles, and skin jackpots.

By January 2018

Access to UnikoinGold premium content that includes insights, statistics, and Scorecentre IO with widgets.

White label third party betting products.

Betting bonuses, access to live and pre-match sportsbook wagering, and the ability to enter premium subscriber jackpot and skin jackpot rooms.

Unikrn was started in November 2014. In 2015, the company raised $10 million from investors including Ashton Kutcher, Guy O’Seary, Mark Cuban, Shari Redstone, Elisabeth Murdoch, 500 Startups, Tabcorp (Australia’s largest betting company), Indicator Ventures and Hyperspeed Ventures.

Following the introduction of UKG token, Unikrn will begin expanding beyond Australia and UK, such as the US and other markets in the world where skill-based betting is legal. Unikrn also plans to allow third party betting operators to license its platform and utilize UKG tokens.

Unikrn has a large presence in the eSports community and has a working platform. It

engages in numerous eSports-related activities including creating content for the community, running tournaments, and owning a significant stake in one of the best CS:GO teams in the world, BIG.

It operates Leet, which has a series of contracts with casinos around North America to setup eSports experiences on their properties. Unikrn also owns a stake in Maingear Computers, a company that will eventually play a role on premise in casinos.

In an interview, the CEO of Unikrn stated that Unikrn has over 4 million monthly active users and around 90,000 users who have placed bets on the platform.


CRYPTONAIRE


HOW ADVANCED IS THE PROJECT?

After January 2018

Full gamification of the crypto platform with leaderboards and an ELO ranking system.Other anticipated offerings: bingo, casino games, cards, donations, and tournaments.

What are the tokens used for and how can token holders make money?Below are the main utilities that Unikrn is working to make available to UKG token holders:

Placing bets for professional eSports matches on Unikrn’s sportsbook.Ability to play for UKG in competitive skill-based video game matches.Tournament hosting.Rewards for hosting skill-based gaming servers using Unikrn’s API.Wagering on spectator engagement applications.

As UKG tokens are used to perform various actions on the platform, the more usage the Unikrn platform has, the more valuable UKG tokens should be.

It should be noted that 15% of total tokens are going to be used as Unikrn betting reserve. The reserve will act as a price stabilization tool. If UKG price increases rapidly, Unikrn can release more tokens to balance out the supply and demand, which would stabilize token prices.

Unikrn currently has a core management team of 8 people. The co-founders are both serial entrepreneurs with extensive experience in the video and PC gaming industry.

Rahul Sood, Co-Founder and CEO – Serial entrepreneur. Rahul worked at Microsoft for 6 years where he launched Microsoft Ventures in 2013. Prior to joining Microsoft, he founded Voodoo, a gaming computer manufacturer, which was later acquired by HP. He has been an advisor to the Board of Directors for the gaming company Razer since 2013.

Karl Flores, Co-Founder and CPO/CMO – Serial entrepreneur. Karl was previously the CEO and co-founder of Pinion, a game community

platform which was later acquired by Unikrn in 2014. He also has prior experience in multiple roles in operations and management.

Daniel Rudolph, CTO – Created PlayAll, a skill betting platform for video games. David has over 25 years of IT experience and has prior experience in a CTO role for multiple companies in Germany and France.

Unikrn’s advisory team includes Erick Miller, CEO of CoinCircle, a new token sale platform, and Shane Fontaine, Lead Crypto Engineer at CoinCircle. CoinCircle is a new token sale platform and will be helping to set up the initial token sale for UnikoinGold.


CRYPTONAIRE


TEAM

Very solid team with the co-founders having deep expertise in the gaming industry.

Unikrn has already gone through the due diligence process of a number of investors and received their backing. Investors who invested in Unikrn in its Series A include: Advancit Capital (Shari Redstone), Binary Capital, Mark Cuban Companies (Mark Cuban), Freeland Ventures (Elisabeth Murdoch), Sound Ventures (Ashton Kutcher, Guy O’Seary), 500 Startups, Tabcorp Inc. and Hyberspeed Ventures (Erick Miller).

Unlike most of the other eSports betting platforms, Unikrn’s betting platform is tightly integrated with the gaming experience. For example, you don’t need to go to a separate site to wager your bets. Betting and other interactions with the game all happen on the same place.

Because of the above, Unikrn probably caters more to casual gamers / spectators. Not only can users win UKG tokens, they can also win in-game items such as skins, gaming gear, etc., increasing the use cases for UKG tokens.

The eSports industry is growing rapidly and eSports wagering should follow suit. Unikrn stands to benefit from this trend. According to research from Eilers & Krejcik, gaming projects that regulated sportsbook-style wagering on eSports matches will reach $20 billion by 2020.

Unikrn’s target users (mostly young male) should be receptive to cryptocurrency and keen to try out UKG tokens.

There are not also focuses on eSports betting, but Unikrn is at a much more advanced stage. many direct competitors to Unikrn in the blockchain space. Gimli is the only project that.


CRYPTONAIRE


OPPORTUNITIES

ICO participants represent 20% of total supply of tokens, meaning that the market cap on a fully diluted basis is $500 million if hard cap is reached. That is a very high valuation for an ICO project.

Because of the growth in eSports, Unikrn faces stiff competition from both traditional online betting companies and startups focusing on eSports. We have looked at numerous pages suggesting the best sites for eSports betting (source 1, source 2, source 3, source 4, and source 5, and Unikrn does not show up on any of the rankings.

Unikrn is probably going to have a hard time getting other third party betting operators to adopt UKG tokens.

Regulations would hinder the speed of Unikrn expanding from country to country.

Unikrn will be releasing tokens that are in reserve in order to stabilize token price, which may limit the upside of the tokens.

CONCERNS

Overall, we are neutral about this ICO for its flipping potential but like its long-term potential. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:

For flippingNeutral.The project is very hyped up – this is the first ICO that Mark Cuban is involved in. However, hard cap of $100 million is very high.

The amount of contribution depends heavily on the market environment, which is pretty unpredictable now that the Metropolis upgrade for Ethereum is coming soon.

For long-term holdingGood. Unikrn has a large presence in the eSports scene and is the prime candidate to benefit from the rapidly growing eSports industry. We believe the introduction of UKG tokens would attract crypto investors to try out the platform as they fit the target demography of Unikrn (mostly young male).

If Unikrn becomes successful, it has the potential to become the go-to place for eSports betting and spectating, which is a huge industry in the long-term.


CRYPTONAIRE


CONCLUSION

For more information about the ICO, please visit the following links:

Website: https://unikoingold.com/

Whitepaper: https://unikoingold.com/whitepaper

Blog: https://news.unikrn.com/

Youtube: https://www.youtube.com/channel/UCUp4DPlEGf49uRmRAxacBDQ

PodcastinterviewwithRahul Sood: http://technotopia.libsyn.com/episode-68-rahul-sood

Project name: EtherParty

Token symbol: FUEL

Website: https://etherparty.io

Whitepaper: https://etherparty.io/wpcontent/ uploads/2017/09/white_paper.pdf?8e1d88

Hard cap: 86,666 ETH (using the first week conversion rate; public crowdsale ICO contributors own 40% of total token supply if hard cap is reached)

Conversion rate: 1 ETH = 1,275 FUEL

Maximum market cap at ICO on a fully diluted basis: US$62 million if hard cap is reached assuming current Ether price of $280 and pre-sale contribution of $25 million

Bonus structure: 1 ETH = 3,000 during week one, 2,250 FUEL during week 2, 1,700 FUEL during week 3, and 1,275 FUEL during week 4

Presale or white list: Pre-sale is over

ERC20 token: Yes

Crowdsale date: October 1 to 31, 2017 (please refer to EtherParty’s website for the most up-to-date information)

Token distribution date: By October 31 the latest depending on contribution progress

What does the company/project do?

Etherparty makes smart contract accessible to everyone without requiring programming knowledge.

Currently, in order to write a smart contract on Ethereum, you need good knowledge in Solidity, the programming language behind Ethereum. Development is time consuming and costly. Finding good Solidity developers is difficult. Building the infrastructure to test your code for bugs is expensive.


CRYPTONAIRE


SUMMARY

PROJECT OVERVIEW

Analysis of EtherParty – User-Friendly Smart Contract Compiler

Etherparty solves this problem. Etherparty is a contract wizard that removes the complexity of creating, managing and executing smart contracts on any blockchain. Using Etherparty, users simply utilize templates that work suit their purpose; no expertise of programming necessary.

The core use cases that Etherparty’s smart contract templates will focus on include peer-topeer escrow contracts, supply chain management, token creation, sports wagering, real estate contracts, and contractor agreements.

Etherparty has a working beta product live on the Ethereum Ropsten testnet. Demo of the beta can be found at the end of this report. The final product will undergo extensive redesign and UX testing. It is expected that the launch on the main Ethereum network will occur early next year.

Etherparty’s long term goal is to be blockchain agnostic. The team has a partnership with Rootstock and will work with them to enable smart contract creation with Bitcoin. In the future, they will look at integrating other blockchains into the Etherparty ecosystem.

Here are some of the milestones that Etherparty is planning to achieve.

Release one: September 1 to December 31, 2017

Build REST, API and PaasMetamask integration2FA authentication.

HOW ADVANCED IS THE PROJECT?

Features of Etherparty include the following:

No other tools required – no need to install anything else like Geth, Meteor, or Mist to run smart contracts.

Smart contract templates – contract drafts are available and ready to execute.

Legally binding contracts – users can easily access simple legal agreements and add terms such as conditionality. The contract will be legally binding under the law placed in the contract.

Enterprise solution – companies can integrate and upload their own documents and turn them into a smart contract, without changing their current infrastructure.

There are other blockchain projects aiming to tackle the same problem but with different

focus. Here is a brief comparison between Etherparty, Blockcat and Agrello.

Blockcat is focused on small independent contracts, individual use cases.

Agrello is trying to take on legal processes specifically.

Etherparty focuses on enterprise contracts, securely audited and update, multi-chain publishing.

Here’s an introductory video of Etherparty (video is 2:32 long): https://youtu.be/l4OSZUHIyoA


CRYPTONAIRE


FUEL is the token that powers the Etherparty platform. Users will pay for access to the platform’s functions, which includes access to the smart contract library, security monitoring tools, and a network monitoring dashboard.

Contracts will require FUEL tokens. Because the price of FUEL may fluctuate, Etherparty will peg contracts to a fixed amount of USD, and adjust the amount of FUEL required to execute the smart contract based on this fixed price.

In the future, FUEL will serve as access for smart contracts on multiple blockchains, integrating these disparate blockchains into one unified view within the Etherparty platform.

As FUEL tokens are required to perform different actions on the platform, the more usage Etherparty has, the more valuable FUEL tokens should be.

Release two: January 1 to May 31, 2018

Adding a large contract templates and library.Mobile app launch on Android and iOS.Oracle system – server to integrate third party APIs.

Release three: June 1 to December 31, 2018

Drag-and-drop contract building capabilities.Add team members, share and annotate contracts, and collaborate on new contract templates.User created templates.

What are the tokens used for and how can token value appreciate?

Etherparty has a large team of 23 as it is developed by Vanbex, a blockchain consultancy company since 2013. Vanbex is a member of the Enterprise Ethereum Alliance.

Below are the bios of the core team members:

Lisa Cheng, Founder & Head of R&D – Background in business development and product strategy. Founder of Vanbex Group, involved in Mastercoin. Previously worked at SAP and ADP.

Kevin Hobbs, CEO – CEO of Vanbex Group, founder of The Genisys Project. Previously worked in Ensign Energy Services, FIRMA Foreign Exchange, and DealSoftware.

Derek Spratt, Executive Chair – Over 35 years of experience in the Canadian tech space. He founded 2 wireless tech companies, PCS Wireless and Intrinsyc Software, raising more than $200M and employing over 500 people globally.

TEAM


CRYPTONAIRE


The project is run by a solid team at Vanbex, a blockchain consultancy company since 2013. Vanbex’s clients include Dash, Aeternity, First Blood, ether.camp, Factom, Storj, etc.

The use of smart contract hasn’t even scratched the surface yet. With the development of dApps and blockchains continuing to solve the scalability issue, It is expected that smart contract usage will experience exponential growth in the coming years.

Etherparty’s long term goal is to be blockchain agnostic – they can benefit regardless of which blockchain will emerge as the dominant one.

Contract templates and library will continue to grow. Eventually, many of the corporate functions can be performed using Etherparty, including voting and ballot box contracts, notary services, multi-signature escrow contracts, family trusts, money manager, crowdfunding, timesharing, real estate sales, and supply chain management.

OPPORTUNITIES

Etherparty is not the only project working on this and it may not be the winner. As mentioned above, projects like Blockcat and Agrello also work on making smart contract easier for non-technical users.

If blockchain cannot solve the scalability issue, there may be limited usage of smart contracts.

The team needs to test the templates extensively to make sure there is no bugs. If there are any security flaws in their templates, many users could be affected and it would damage Etherparty’s reputation.

CONCERNS


CRYPTONAIRE


Overall, we are neutral about this ICO for its flipping potential but like its long-term potential. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:

For flippingNeutral.They are raising a total of around $50 million from presale and crowdsale combined. People could pool their funds together to participate in the presale and it would cannibalize the demand for the public crowdsale.

If the crowdsale doesn’t reach hard cap by the end of week 1, it is unlikely that people will

contribute much afterwards because the conversion rate drops off substantially after week 1.

For long-term holdingGood. The potential for the project is very large. If Etherparty can really deliver on its vision, it is going to allow people without coding knowledge to create and execute smart contract at the push of a button.

This is going to accelerate the blockchain adoption rate of individuals and companies and at the same time, drive a lot of usage of FUEL tokens.

CONCLUSION


CRYPTONAIRE


As Vanbex Group, the team behind Etherparty, advises enterprises on blockchain technology and applications, they understand what their clients’ needs are. Therefore, I believe Etherparty has a good chance to succeed.

For more information about the ICO, please visit the following links:

Website: https://etherparty.io/

Whitepaper: https://etherparty.io/wp-content/uploads/2017/09/Etherparty_WhitePaper.pdf

Blog: https://medium.com/@etherparty

Youtube: https://www.youtube.com/channel/UCwBzpneop1za6w4DYJJgsIQ

Here is a demo of the Etherparty beta (video is 2:31 long):https://youtu.be/a_HhMAXMF-Y

this is what platinum crypto academy is for – our mission is ......ventures (ashton kutcher, guy...

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