DADI ICO - Cloud computing on the blockchain
What does it offer?
DADI stands for 'Decentralized Architecture for Democratic Internet' - it's a platform for web services that offers computing power, database storage and content delivery, etc. to support businesses.
In a traditional setup, you will be buying a server or a set of servers (virtualized or dedicated) typically located in one place and as a result are limited in terms of performance because of the further away from the user from the physical location of the hosting, the slower the overall performance. In DADI you are paying for a series of interconnected VPCs, which massively localise your content through the use of distributed nodes numbers in the tens of thousands.
What makes it attractive?
Dadi is a 4-year old company with an 18 person team with an already working product used by brands such as Virgin, Empire, Monocle, etc. The founders have invested $2 MN in R&D till date. The company has $165K in revenue which provide a solid base for growth.
For speculators, Chris Mair, DADI founder is on the core team of RaiBlocks (XRB) which is a big thing considering the pace at which XRB has taken off
The global web services market is worth $250 BN and growing at 18% annually of which DADI considers an addressable market of $100 BN (Platform as a service (PaaS), Software as a Service (SaaS))
Businesses can save a lot of money with DADI since it's an open-source pay per use platform with no licence or upfront costs - on average they expect the network to be around 90% cheaper for the majority of use cases compared to similar offerings from AWS, etc.
Right incentives and proof of stake: Stargates are the largest nodes in the network which will provide DNS services and orchestrate the network, run the smart contracts layer, operating the DAO, etc. Gateways are the entry point to the network for incoming requests and maintain the job queue for Hosts and distribute tasks according to capacity. Hosts run Consumer app bundles: individual deployments of DADI Web Services. They connect into Gateways, requesting and satisfying jobs as they become available. There will be a proof of stake requirement for all service layers in the network, increasing in value based on the importance of the node type.
Node operators are paid a percentage of all revenue in the network. The vast majority of revenue will go to nodes. This will be attributed proportionally based on both proof of availability and proof of work.
Almost 13,000 members on the Telegram group (I use this as one of the measures to evaluate project hype)
DADI already has a 18 person full-time team; the founders have worked together for a long period and launched several ventures in related technologies; they possess strong background in big data, web services technologies. Robert Belgrave, Wirehive CEO is the only listed advisor on the project
What is the roadmap?
- The platform is expected to go live later this year potentially Q4 2018
- Marketing will be a key focus area after the crowd sale with a direct sales team (global) to be in place by Q2 2018
- More details are provided on the white paper in case you are interested
Closing thoughts
- I think DADI is a great project to invest in for several reasons - in contrast with other ICO's, the technology for DADI is already there; they have a solid team especially with a core member from XRB as their founder says a lot. If it helps, they are rated 4.4/5 on ICObench.
How to invest?
- Note that there is no minimum amount and all investments are in ETH.
- Total supply: 100 MN tokens with crowdsale capped at $29 MN
Pre-sale: 22 Jan 2018 onwards for 1 week - 10% of tokens
Public sale: 29 Jan 2018 onwards - 50% of tokens
Partners and founding team will hold 10% and 20% of tokens respectively with a 4-year vesting schedule and a initial 12-month lock in. 60% will be held by investors and balance will be for referral program, ecosystem fund (to support the network) and for reserve to support operations.
50% of funds raised will be used for R&D and 25% for marketing & partnerships; 10% will go to the founders, 10% for infrastructure and 5% for indirect costs.
Appreciate if you sign up using my referral link below: https://dadi.cloud/r/0qb75ewctj
If you do not want to use the link, you can sign up without it here: https://dadi.cloud
Happy investing! I'd be glad to hear your thoughts on this project.
As always, I'd like to mention that I only write about ICO's that I have either already invested in or have an intention to invest in. You should conduct your own research, read the white paper and join the telegram channels and invest if you believe in the project.