Crypto Background
With the complexity of modern life, the cost of living is rocketing making new needs for life like never before. It is not a secret that each of us fighting our own battle for a better life. The time of hard working is gone and now it is time of smart working.
For the rest of this article I assume that you know the basics of crypto currencies and its jargon. I am truly sorry if you do not know and you are a newbie to the field because that is a far more complex to talk in one article like this. There are plenty of articles, forums and videos out there to study about crypto currencies and take some time to go through those. I will give some guide on those. It will not be difficult to find good materials on, Steemit, Medium, Youtube, LinkedIn, etc. and lot of people discussion the basics of Bitcoin, Etherium, Ripple coin, NEO, Lite etc. which have built a successful story behind them and enable thousands of investors around the world to make their wallets think. During your journey, you will learn not only about crypto currencies, but also about ICO, KYC, Bounty, Airdrop, Trading, Bullish Markets, Bearish Markets and lost more.
One the Master of crypto world, the Bitcoin made its way to moon, numerous amount of coins started emerge within a short period of time and some of them did not stop until they landed on Moon. To be honest, while some got succeeded other projects got failed. The world of crypto is also like gold mining, you have to hit the correct spot. Those who started digging the correct site became milliners and those who did not their prior analysis and placed their shovel on hard rock will end up losing their last penny.
Although I have been in the field for some time, I too have to research for good projects and avoid scammers. This brand new project: DAV Network was caught to my radar during the research and the project could win my faith towards it without any second thought. The project has been started by a team of experts from DAV Foundation, Switzerland and they have lot of plus points as the product is based on practical solution to prevailing problem in the field. I will walk you through their project and present you their strengths and weakness enabling you to take your decision to invest.
What is DAV Network
Travelling and transportation have become basic needs of man and we can not even think of a world without it. With the modern technology and industrial revolution, the cost of vehicle production has dropped dramatically hence one man can afford to buy more than one vehicle. The same reason has made huge congestion on roads, canals and even in space. It is high time for a smart technology takes over this burden and make a better life for future.
The DAV comes to play at the correct time and it is a computer network and its target is to connect self-driving vehicles with every node on that network. They will be able to to discover, communicate, and transact with each other using a token which is generalized to all users in the network. Mainly two parties will be there. First the owners of these self-driving vehicles and the other party is the users who ask services from these vehicles like riding or delivering a package. Indirect stakeholders will be there when the system is making progress like middle tier for stock keeping, parking lot, etc. The most important thing is to notice is that everything will be run on one token. The power of DAV network will empower the users by giving all these facilities on their finger tips.
Platform and how it works
Rather than keeping all the codes and development for themselves, they have gone for a developer centric approach. They will create SDKs for popular development platforms and APIs. This is a remarkable idea and it will bloom the project. As we all know, Android has done the same and it has become the famous mobile operating system all around the world.
The technology is divided into stack of open-source software and they do not have those over complected cryptic programming. They will come with user friendly UI that enables truly autonomous and fast scaling transportation network making the all our lives easier.
They have divided the stack into main five components. When you read these five stacks, you will realize that they have done a remarkable problem analysis and come up with this components which are essential but no repeating.
The main five components are:
Identity
Discovery
Communication
Mission Flow
Payments
If you wish to go into more deeper technical details, the best place is their whitepaper which I have given the link to at the end of the article.
Official Website
The official website is a reflection of a well-organized project and the professionalism of the team. The official website of Dav Network does not contain fancy heavy graphics but very attractive and all the informative details are presented with structured manner. They have video presentations which will give you an overall idea about all the aspects of the project quickly if you do not have much time to read all the materials.
Whitepaper
It is really worth taking a look at their white paper which gives a comprehensive understanding about the project, the problems addressed, project plan, the team of experts etc. Comparatively speaking they have made the whitepaper structured and interesting to read with illustrations although it is a lengthy document.
Token Distribution and Allocation
The distribution of tokens are clearly demarcated hence no confusions will be caused. As the pie chart shows, they have developed well balanced token distribution among all the stakeholders so that everyone gets a fair share.
Token Sale
TokenToke Sale Starts : 30 April to 14 May
Token: DAV
Platform: ERC20
Hard Cap: 38M USD
Soft Cap: 5M USD
Price: 1ETH = 10,000 DAV Tokens
Fund Distribution
The fund raised during the token sale will be distributed as the pie chart above. The hard cap is 38M USD and if it is reached, 17.1M USD (45%) will be used research and development activities. Another 5.7M USD (15%) will be dedicated for marketing and business development. 7.6M USD (20%) will be used for expansion and operation work while 3.8M USD (10%) is used for legal and compliance. The final 3.8M USD (10%) is reserved for general and administrative work. If the hard cap is not reached the numbers will change. If you compare with other projects, you will see that bigger chunks of fund are reserved for founders, developers and team members. In this project the story is different, they have allocated considerable amount for project development work which mean even after the initial phase of the project is over, we can expect continues growth of the project in the future.
Roadmap and Project Timeline
Key factor for a successful project is managing the time constraint correctly. A good project road map and time plan shows how organized the project is. This is an example for how they have prepared during the past period of time. The milestones to come also defined very clearly with the timing.
The Team — The true power behind the project
Using of latest cutting edge technology will not lead a project to its success and history will prove the same. Technology, tools and materials are important but the most important component is always the human resource which beats all other. Experts from various fields add more value to a project than anything else.
In this project, when we look at their team members lead by the CEO Mr. Noam Copel, an strong feeling comes to my mind that they will definitely lead the project to the moon. It will be an added advantage for you to take some time and find out more information about them before going for the investment so that you can clear any doubt in mind and build more trust on the project.
Why Invent in DAV
It is not a secret that there are hundreds of ongoing projects in phases like developing, ICO, about to list in exchanges and already listed projects with very high completion. It is very natural for someone to think that why it has to be DAV Network itself and not any other. As per my understanding, the real question should be “Why should not?”
By the time I make this article, DAV has 10,000+ Telegram subscribers, 3,000+ followers in Twitter and 2,800+ Facebook followers. The numbers are continuously increasing which means the project is getting famous. The demand to the token will be high when it is released and listed in exchanges hence the chance of rocketing the token price is definite.
Review
As there are numerous amount of coin projects are going on, as a result that there should be a mechanism to give ratings on those projects and rank them. There are couple of sites which do a really nice job giving ratings to crypto projects which will making the investors’ life easier.
I found in several sites in which DAV has kept its place high among ordinary crypto projects. You can go to these sites and do a drill down and take a comprehensive understanding on the mechanism they used for the rating and ranking.
Bounty
I thought of giving some additional information which most of articles do not speak about and that is bounty campaign. Some of you who are impressed by the project but may not have enough capital in hand at the moment to make an investment can join the bounty campaign and earn a decent amount of tokens by supporting their campaign.
They have allocated 25% of total tokens for bounty and partnerships which is pretty high value compared to ordinary projects. If you are smart enough to tackle it you can get a good chunk of it to yourself. The campaign has divided to below categories which make it easier for someone to focus on their field of expertise and take maximum outcome from the time they spend.
Social media: 12.5%
Translation & moderation: 15%
Content creation: 30%
YouTube: 5%
Telegram Campaign: 2.5%
Signature Campaign: 35%
The rules and regulations of each category is given in detail on their bounty thread in Bitcointalk forum on Bounty Tread
Important links
Official website: https://dav.network
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=2614017.0
Whitepapper: https://dav.network/whitepaper.pdf
Twitter: https://twitter.com/DavNetwork
Facebook: https://www.facebook.com/DAVNetworkTeam
Medium: https://medium.com/davnetwork
Telegram: http://t.me/DAVNetwork
Blog: https://medium.com/davnetwork
GitHub: https://github.com/davfoundation