Type: Protocol
📩 Mainframe is a very anticipated ICO and has been on everyone’s tongue from really early on. Internet is not a place of privacy and security as it is. The users need a better way of communicating and sending data, and that’s what Mainframe is aiming to solve. It’s creating a new messaging layer that fights censorship and surveillance and offers a product that’s safe and untraceable. The Mainframe token is used as a reward for the nodes supporting their network thus giving them a financial incentive to participate.
🏆 Clues for:
- Mainframe is answering to an existing, big problem of the lack of censorship and surveillance.
- Hype and support of the community. The project has gotten praises from Ian Balina for example.
- Mainframe has an all-star team: they have a big bunch of talented engineers which builds a strong case for their capability of implementing the technical infrastructure. Their investors don’t pale in comparison either including the founder of Google Wave and Huddle, managers of Yammer and Twitter etc.
- Mainframe team has already released an alpha version of a messaging application, Onyx. They describe it as a fully decentralized workplace messaging tool. It’s been running on the network from 2017 and is available on their website for download. They have already built a working product which shows their expertise.
- Their protocol is built in a way that it doesn’t rely on all the nodes simultaneously, which means that not even Mainframe itself is able to disconnect the operations.
- Relatively low hardcap 30k ETH.
😓 Clues against:
- Much competition in their field - similarities with Signal, Substratum, Orchid, TOR etc.
- Their roadmap seems vague and doesn’t provide dates for any developments or milestones. So there’s no way to track if the team is on schedule with their goals.
- Lack of partners so far.
👌 The case has been solved!
Overall, we like this project a lot and it really is worthy of its hype. The pros vs. cons turn the tide very firmly to the successful side. With an all-star team and investors and an idea that is serving a true need, Mainframe is guilty as charged of being one of the top ICO’s this year so far. The cons are not big deal breakers, the competition in particular since majority of ICO’s already has competition when entering the field. A solid investment to any portfolio.
📈 RATING: 87/100
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