ICO analysis: One Ledger by Midgard Research

Disclaimer: Our research is not a financial advice. We just share our opinion on ICOs based on publicly available information. Do your own research before making any investment.

OneLedger is another project trying to solve the problem of interoperability of blockchains.

For example, currently it’s impossible to deploy a DApp on Ethereum and then on Bitcoin or on some other blockchain, because of incompatibility of the code. The issue is crucial and projects in the sphere of interoperability seem to be trending in 2018, but there is already a bunch of them. OneLedger wants to be an all-in-one store for real world businesses for integrating blockchain.

OneLedger compares its to Ark, Elf, Aion, Icon, Wanchain, Lisk, EOS.

All these projects have huge market caps, so there is a large potential for OLT tokens price growth. Table 1: Competitors and their capitalizationNameMarket Capitalization / GoalEOS $4165,9 MICON$ 1097,1 MLisk $1052,4 MAION$ 276,7 MArk $252.6 MPolkadot$ 145M received on ICO 27-OctFusion $62,8 MQuant NetworkICO 2-Apr, goal –$ 50MCosmos Network1090 donations, 4870 BTC raisedWanchain $36 M received on ICO 4-Oct, traded 10-11x nowBlock ColliderICO soon, goal$ 7M ($4M sold on pre-sale)27-Mar-2018

TEAM

All members of the team, based on their linkedin profiles, have outstanding technical expertise.

We have not heard them speaking publicly yet, so looking forward to seeing their AMA session to get deeper understanding of the team.OneLedger has a well known advisor, Trevor Koverko, (CEO of Polymath) and also cooperates with MW Partners, promo group, well known by ICOs like LoomX, Chainium, Constellation.

Hype rate is high.

OneLedger has already attracted much attention of crypto community, being mentioned by Top bloggers. However, most of them also have concerns about MVP.

One Ledger does not have a prototype yet.

They promise to launch MVP in Q1-Q2 2018 before the ICO. But the first version of the OneLedger platform will be released in a year.

Token utility structure is common for blockchain projects.

Users will pay a network fee for transactions, and there will also be nodes who support the whole system and developers who pay the deployment fee. OLT can also be used intensively to fuel relationships between developers and businesses.

Tokenomics:

OneLedger aims to raise $15M for 35% of tokens:$ 1M. during the seed round, $9M in private and public pre-sale (25% and 20% bonuses respectively) without lock$ 5M during public sale.

There is no information about use of proceeds.

Our score is 6.5 out of 10. We have deducted some points because of the absence of prototype, lack of publicity , and the high level of industry saturation.