π HIDDEN GEM Themis Network π
π Website: https://themis.network/
π Telegram: https://t.me/ThemisNetworkOfficial
π Project hardcap: 22.000 ETH ($10.600.000)
π This is a hidden gem! Low marketcap with NO competitors and a NEW blockchain! They have strong investors with a great vision! Fenbushi Capital, the largest VC of China is in it aswell! Strong long term hold!!!
β What is Themis Network ?
π Idea 8.5/10:
Themis Network, a decentralized βAlipayβ or βPaypalβ is solving a huge real world problem. In China cryptocurrency trading and ICO investing is banned. The only way to trade your cryptoβs in China is by using platforms such as WeChat to get in contact with each other and trade your assets this way. This opens yourself up to getting scammed, and this is where Themis Network comes into play. They will provide a decentralized Trusted Third-Party escrow service. Thereβs a huge demand in China for this thatβd allow people to trade cryptocurrency without the risk of getting scammed. Themis will support OTC (over the counter) transactions of digital currencies, and it can provide secure escrow service for cryptographic digital currencies based on blockchain.
π Key features of Themis Network:
β Fair exchange via Group Escrow: Basicly both parties receive the other partyβs goods/assets or neither do. Themis also comes up with a secure exchange protocol based on group escrow to avoid the single point of failure issue and DOS attacks.
β Anonymous Reputation Mechanism: The reputation mechanism of Themis can finish the calculation of reputation anonymously. Basicly this mechanism can decide wether a user should be rewarded or punished.
β Non-interactive zero knowledge proof: It ensures the secret shares offered by each parties of the transactions in group escrow protocol is true.
π Team & advisors 7.0/10:
π Hongwei Meng CEO - PHD in Computer Science. Cofounder of Oxchains which is a Fin-Tech company which had several succesful alliance-chain industrial projects based on Hyperledger Fabric.
π Alex Khawaja CMO - Masters degree in Finance. Also an associate of PwC. Co-Founder of the China-UK Blockchain Association.
π Evan Bian CPO - Majored in information engineering. Formerly presales engineer in a big data startup company GrowingIO.
π Ennan Zhai CTO - Also Associate Research Scientist at Yale University. His research areas include reputation systems and large-scale distributed systems
π Yuet Ning Chau Financial Controller - Also an associate of PwC. Co-Founder of the China-UK Blockchain Association.
π Wei Xin CSO - Formerly Senior Software Engineer in AsiaInfo
The team has a total of 22 members, but some of the team members based in China are not listed to protect themselves from the Chinese government.
π Token metrics 8.5/10: 22.000 ETH is really low for such an idea and new blockchain. There is 50% for token sale, 20% to team, 10% to research, 10% to business development and 10% to community (airdrops/referrals/marketing).
π Roadmap 8.0/10: They have finished a MVP version in December 2017 already. In March they haven already done a test of the decentralized escrow service and test run of Themis OTC platform. The testnet will launch in June 2018 and mainnet launch including token swap is scheduled for October 2018.
π Utility of the token: The purpose of the token is to pay fees for using the escrow services and arbitration services provided by Themischain peers. If Themischain peers participate in arbitration, they earn GETs aswell. This however is not seen as a security. Themis have stated that you only earn fees if you provide escrow and arbitration services. According to their attorneys its designed to be utility as there is no expectation of profits for token holders. The token should rise in value when there is more adoption for it. There should be more than enough adoption since the demand for a service like this is huge in China.
π Partners & investors 8.0/10:
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Fenbushi Capital, Chinaβs biggest VC is invested in Themis Network!
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Other VCβs like: Genesis, Consensus Capital, Happy east capital, Fengshui Capital
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Shenzhen Chieftin Lab (chieftin.org): This lab was founded by the support of the government of Luohu District, Shenzhen City, and led by Professor Bill Roscoe, focusing on researching and developing the applications of blockchain, big data and AI in the financial area.
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Oraclechain: OracleChain provides the service of real world data in blockchain, and the ecosystem of Oraclechain provides a series of services and API. Themis will be using their API.
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+ some other marketing and integration partners like NeptuneAI, ICO Daily, Anyfish APP, Sunshine Insurance Agency, BaoBeiJiaYou APP and Jinse Finance.
π Strengths & opportunities: They have a strong team with a great idea and an untapped market as they have no direct competitors. The demand is huge for the service that Themis Network will bring.
π Weaknesses & theats: Since China has banned fiat-crypto trading and OTC trading, China might try to ban Themis Network aswell. However since the Themis Network will be decentralized, banning something like this would be close to impossible, if possible at all. Some members of Themis Network are not listed on the site aswell to protect themselves from the Chinese government.
π Main competitors: No competitors
π Disclaimer
We cannot be held liable for any losses and you cannot take legal action against us. You have done your own research and due diligence and decided to invest by yourself. You realize investing in ICO's is a risky investment and there's a possibility of losing everything. When an ICO gets listed on the exchange thereβs no guarantee that it will give you a positive ROI.