Type: Platform
🌍 Ducatur provides a platform for the creation of oracle systems which allow blockchain participants to share in the stream of data being fed into the blockchain from real-world sources.
The platform is being set up for compatibility with multiple blockchains - Ethereum, Neo and EOS, and aims to become the oracle framework which allows for the transmission of real world data across all three.
And while that’s all well and good, perhaps the best thing about Ducatur is the way it allows you to pretend you’re a 15th century Italian nobleman, strolling casually down the streets of Venice; massaging the gold coin clutched between your fingers and spitting in the faces of dirty common-folk.
💰 Yes, we’re talking about the DUCAT: that small gold coin previously seen in The Merchant of Venice. You know, that Shakespeare play we all read at school? The one where Shylock launched a decentralized, peer-to-peer platform which allowed users to extract a pound of flesh from Antonio?
Anyway, DUCATs (DUC) are the native currency on the Ducatur platform and will be used to fuel communications between the oracles and the nodes. The crowdsale is currently underway, with one DUC starting at a value of around one third of a cent ($0.00301675). A total of 7 billion DUC will be produced, with just under 4 billion being available for public sale.
An MVP is currently available on GitHub - a trustless betting DApp which demonstrates Ducatur’s ability to draw live market information from exchanges, and allows for the placing of bets based on said information.
The team can point to several successful past projects, and the CEO George Bell has been very active in the crypto startup sphere in the last few years, contributing to LAToken and SwissBorg - projects which reached market valuations of $20 million and $50 million respectively.
The advisory board behind the team might not have a Hoskinson or a Malahov among them, but they do have some solid experience in the financial and e-commerce fields which should ultimately benefit the project.
The hype around Ducatur has built slowly but steadily over recent months, with their Telegram page climbing to almost 21,000 members, and the project landing on the pages of multiple prominent crypto sites.
🔍 Clues for:
- Young ambitious team with a busy recent history.
- Established a strong MVP.
- Low hard cap.
- Positive media reception thus far.
- Future compatibility with Ethereum, Neo and EOS blockchains.
🔎 Clues against:
- Not too much to separate the project from other oracle systems.
- YouTube page is very low on content.
❗ The case has been solved!
Look, ultimately owning DUCATs would be cool, and the idea of oracles seems fun. But as useful as the concept behind Ducatur is, they aren’t the only game in town when it comes to using oracles to gather real-world data on the blockchain. Augur, Gnosis, ChainLink and XYO are all making big pushes in that direction, and will make it hard for yet another oracle system to get noticed.
📊 RATING: 66/100
🌎Website: https://ducatur.com/
📪Telegram: https://t.me/ducaturico
📆ICO starts: 1st June to 30th June (underway)
💰Hard cap: 15,700 ETH (9,472,595 USD)
💯Total tokens: 7,000,000,000
👛Tokens to be sold: 3,990,000,000 DUC
📜Whitelist: Yes
🚫Private sale / presale: 1st May - 30th May (ended)
🔝ICO bonus: 5%
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