This is a translation of the report by ICODrops community from May 19.
Harmony creates an open market for the decentralised economy. The project aims at providing a consensus protocol over the open Internet at 10 million transactions per second with 100-milliseconds latency and not more than 0.1% fee.
ECONOMIC MODEL
- Currency: USD paid in ETH at the moment of sale;
- Total tokens: 21,000,000,000;
- Available for token sale: ТВА;
- Token price: ТВА;
- ICO plans to raise funds: as of today it is known that it is planned to raise USD 2,000,000 at seed round;
- Sales t&c: 40% bonus for seed round, 20% bonus for private sale, 0% bonus for public sale;
Token allocation
20% for sale, 40% for developers and community, 28% for foundation and research, 12% for founder and team.
Token freeze
Sales — «40% no lockup, 10% monthly over 6 months; for bonus, 100% release after 1-year lockup»; Developers and community — «1-year 28% lockup, 1.5% monthly over 4 years»; Foundation and research — «28% no lockup, 1.0% monthly over 6 years»; Founder and team — «1-year 28% lockup, 2% monthly over 3 years».
As you can see the token freeze system is rather sustainable and fundamental.
Token release: immediately, as soon as listed on crypto exchanges.
Investors | Partners |Roadmap | Token economy | Token sale
No information is available about those things as of this stage.
MVP — testnet launch is scheduled for Q4 2018
SIMILAR PROJECTS
As the developers noted, the main competitors for this project are:
EOS, Zilliqa, Hashgraph, Thunder, Dfinity, Solana, Kadena, Algorand.
In GitHub of the project there is 1 repository with the project description, as well as brief description of a new language for smart contracts. GitHub of the project is not empty, but it is clear that the project is an a very early stage of implementation, and it is not improbable (it is most probable) that the main activity is done in closed repositories.
Quote from an expert:
«They are developing a programming language, which combines a simplicity of Haskell with an aesthetics of Fortran (i.e. no one is going to use it at all). But they’ve done a great job, as the code is good, the ideas are great and bloody academic»
WP (TECHNICAL PAPER)
The project presents a system for information transfer and storage, based on the newest and the most perspective developments in the area of distributed systems and telecommunications.
Peculiarities
1. Network transport level — the use of Google UDP instead of TCP/IP will enable to reduce the time to establish connection between the network nodes.
2. Adaptability for the latest 5G mobile communication network (http://www.huawei.com/minisite/5g/en/defining-5g.html)
3. Scalability via sharding (OmniLedger)
4. 10М tps throughput
5. Shards interaction on the basis of DAG principle
6. Blocks parallelising
7. Oracles support
8. Development of DApps with the use of formal verification method (a mathematic proof of application functions) to enable the development of highly protected applications.
9. Issues associated with consensus mechanism and virtual machine will be clarified in future versions of WP.
TEAM
Stephen Tse — CEO, 500+ followers in LinkedIn
Stephen has been obsessed with protocols and compilers since high school. He re-engineered ICQ and X11 protocols coded in OCaml for 15 years. In 2002 he graduated from Simon Fraser University (Australia) with a degree in Commutative Algebraic Geometry. In 2007 he got a Ph.D. of Cryptographic Protocols in the University of Pennsylvania. He was a Researcher at Microsoft Research, a Senior Infrastructure Engineer at Google and a Principal Engineer on Search Ranking at Apple. He founded the mobile search Spotsetter where he worked for 3 years, then Apple acquired the startup and Stephen worked there for one more year.
Then he worked with EE-sales assistant until he founded HARMONY in 2017.
Alok Kothari — 500+ followers in LinkedIn
He obtained his M.S. in AI Language Technologies at the Carnegie Mellon University.
He taught Apple Siri to understand natural language (deep learning). He did research on ambiguity of words meaning and machine translation. His research paper won the best database award at ICWSM 2013. Alok spoke at the top conferences including SIGIR, ICWSM and EMNLP. He also published a best seller book Game Changers, telling about successful graduates from his alma mater IIT Kharagpur (India).
Nicolas Burtey — 500+ followers in LinkedIn
He founded a VR startup Orah in 2012 that raised US$ 10m. Orah served the needs of thousands of professional content creators in 70 countries by selling GPU-driven live stitching software and 360° cameras. Nicolas has a B.S. in Mathematics and Computer Science.
Michael Slinn — most likely CPO. 500+ followers in LinkedIn
He has a B.S. in Engineering.
He focused on developing and positioning products. He delivered a presentation on the integration of smart contracts at the World Crypto Economic Forum. Michael created one of the biggest technical communities Scala at San-Fransisco Bay.
Rongjian Lan — 500+ followers in LinkedIn
He obtained a Ph.D. of Computer Science at College Park of Maryland University and his B.S. in the University of Science and Technology (Beijing).
He worked at Google as Search Infrastructure Engineer for Play Market, published 10+ academic papers on spatio-temporal querying and map-based visualization. Rongjian has been doing an in-deptyh research on decentralized protocols since early 2017. He is a Co-Chairman of ABC Blockchain Foundation with 100+ Engineers from Google, Facebook, Linkedin as members.
Trausti Kristjansson — Part-time, 500+ followers in LinkedIn
Trausti received his Ph.D. of Machine Learning from the University of Waterloo.
He worked in the industry’s most respected research labs (MicrosoftResearch, IBM Research, Google Research, Amazon), founded full-stack startups and led Ph.D. Engineers as an Engineering Director. in 2004 his research paper Interactive Information Extraction with Constrained Conditional Random Fields won the award at AAAI, the top academic conference in artificial intelligence.
Georgios Fainekos — 500+ followers in LinkedIn
Georgios Fainekos is a Professor at Arizona State University. He specializes in formal methods of cyber-physical systems, swarm robotics, and machine learning for real-time planning. Georgios did his doctoral studies at the General Robotics, Automation, Sensing & Perception Labs (GRASP Labs) of the University of Pennsylvania.
Bruce Huang 黄海旻 (part-time) — 500+ followers in LinkedIn
He obtained his M.S. in Computer Science at the Simon Fraser University. He was a Senior Programming Engineer in Microsoft China for 7 years, then a Director at Alibaba Cloud and Credit Lase. Later, he was a CEO of Madailicai, a top-peer lending company in China. Bruce is a certified Snowboarding Instructor (feel free to contact).
Michael Huesch — Software Developer
There is no profile in LinkedIn, in FB he is registered under the surname Hueschen. https://www.facebook.com/huesch — 953 friends
Since May 2018 — works in IOHK (there is a link to the company web-site, but it is absolutely empty).
Hourann Bosci — Software Developer
854 followers in LinkedIn
She studied Biochemistry, Mathematics, Polithology at University of Western Australia in 2002–2006.
Work record: From 2004 till 2006 worked as Technical Assistant at her University, then as a Developer in a number of companies, including Google(6 months).
In period from 2013 till August 2016 she was a Co-Founder and a General Director of Datagami (API, interfaces and visualization devices for data processing and machine learning) (the company’s closed).
Since March 2017 she is a Co-Founder and a General Director of Upright Media (Upright Media platform uses a computer vision and AI to automatically produce impressive video commercials with the use of the customized approach).
Shamir Allibhai — Film-Maker, Blockchain Video Authenticator, Founder of Speech Recognition Startup. 2834 followers in LinkedIn
He studied in Harvard in 2007–2009, before it he graduated from the American University in Beirut.
Work record: Since 2003 he was a Producer and a Commercial Director at many London-based TV channels, in 2006–2011 he has his own TV channel, where he told good stories about islam. Then he worked as a Producer in an American studio (also tending to the Middle East culture) for a year, in Qatar for 3 years and a year in San-Fransisco in a blockchain company.
In a period from May 2016 through June 2017 he created content in VR-company for Oculus VR, in September 2017 — December 2017 he was a Project Advisor for Rokoko (San-Fransisco, VR), then he established Simon Says (speech recognition, AI and machine learning) and founded Unveiled Labs (provides stakeholders with absolute assurance on the authenticity of video and audio content).
He has two scientific publications.
Yair Pike — Web-Designer
500+ followers in LinkedIn
Education: University of Computer Studies (Birma).
Work record: Web and Graphic Designer in many companies.
Yair is a creative and motivated designer with 10+ with more than a decade of experience in making many products useful and beautiful across all major platforms. Try a bot he created overnight to learn more about him: https://www.facebook.com/hypertimestudio/ He has an experience of designing his own products as he is the only designer of a small startup acquired by Apple.
Achievements:
Once he was in top-ten of 40,000+ designers on a design-crown sourcing market, he won an award from Singapore Government for application designed for Amazon Music, Kindle and Audible across Amazon.com and other platforms. Yair has a degree in Computer Technology and Computer Arts, and he is also a certified Agile Scrum Master.
Brea Salim — Community Liaison Officer
779 followers in LinkedIn
Education: Barnard College (Columbia) Economics and English and Phillips Exeter Academy.
Work record: Since June 2011 she worked in Jakarta, the in American companies as a Writer and Marketing Consultant, since March 2018 she is a Senior Marketing Specialist in Yahoo! Small Business
She has her own web-site: https://www.breasalim.com
She has a Google Adwords certificate in advertising.
Team Sum-Up: What can we say? TOP!
ADVISORS
Zi Wang — worked at Google from 2006–2015 on Chrome, Google [X], Android and Nexus. He was the first Global Creative Director for the Google Hardware Division and co-founded a Google Research Lab with a US$20M budget. 500+ followers.
Zi founded Quantum Bakery, a startup partnering with Google, Corning and Toyota, to develop consumer products with the use of artificial intelligence. He holds a B.S. in Computer Science and an M.S. in Economics.
There are 2632 results when searching for Zi Wang, but only one matches Zi Want working with Google and Toyota:
All afore-mentioned is taken from the project paper and matches LinkedIn information. We may add that Zi studied in Stanford as well.
Since 2015 he founded Quantum Bakery an on his page he indicates: our staff worked in Google, Apple, Facebook and Samsung. We led technological projects for Google, Tencent, Facebook, Amazon & Toyota.
Aaron Li — started programming since the age of 7 and started mining Bitcoin since 2011. He won the prestigious ACM SIGKDD best paper award on language topic modeling, having completed his master’s degree at the Carnegie Mellon University. 880 followers in LinkedIn.
Aaron was a Researcher at the Google Machine Learning team and a Founding Engineer at Scaled Inference, an AI startup head advised by Prof. Michael Jordan. A New Zealand citizen, Aaron was granted the Extraordinary Ability Visa in the US to create fundamental and disruptive technologies for humans.
All afore-mentioned is taken from the project paper and matches LinkedIn information. He has 7 publications, 3 awards in the area of Computer Science and Innovations. He worked as a Software Engineer in Google for 4 months.
Navneet Singh — led the Mobile Engineering at Google for 6 years. He also was a Senior Vice President at the largest payment processor WorldPay and a Head of Data Science at the mobile payment provider Ezetap. 2007 followers in LinkedIn.
Navneet graduated from the Massachusetts Institute of Technology with bachelor’s and master’s degrees in Computer Science. He speaks 6 languages, has an extensive experience with distributed machine learning, and a deep passion for transforming businesses with data-driven innovation.
All afore-mentioned is taken from the project paper and matches LinkedIn information. He has three patents and one publication.
Michael Young — co-founded and led 3 venture-backed companies to acquisitions, including one to a key supplier of Apple. Bringing expertise in computer vision (projected sensor screen), he has closed deals with Fortune 500 companies, the US Department of Defense, and strategic partners across China and Japan. 500+ followers in LinkedIn.
An inventor of 20 patents, Michael raised US$35M+ and was selected as one of America’s Best Entrepreneurs by Bloomberg. He graduated from the University of Pennsylvania with a bachelor’s degree in Physics and left Stanford with a Ph.D.
There are 4,712 results for Michael Young-physicist from Pennsylvania and Stanford Universities, and only one matches the description (no photo):
All afore-mentioned is taken from the project paper and matches LinkedIn information. We may add that he worked in different companies only in managerial positions.
Kushagra Shrivastava — runs the Xoogler investment syndicate. He worked at Google in 2006–2014, leading marketing and strategy for Google Play and Android Apps. Graduated from the INSEAD Executive Program for Marketing, Kushagra was the Chief Executive for Products at an advertising startup acquired by Pinterest. 4,057 followers in LinkedIn.
Kushagra is the Senior Director for Yahoo Small Business. He is also a Fellow at Stanford Center for Legal Informatics, he founded his Blockchain Group and actively contributes to the Computable Contracts project. All afore-mentioned is taken from the project paper and matches LinkedIn information.
The project has TOP-level advisors! There is nothing to add.
GENERAL CONCLUSION
The project has a TOP-team and TOP-level advisors. Looking from the technical side, all looks very cool as well: both the idea and the implementation. We like the token freezing system for all project participants: as we’ve already mentioned above, everything is thought through!
Minuses: at the moment there is only one potential minus, which is the lack of project partners and investors (we are sure that they will appear very soon), as well as the absence of metrics (the project is at the very early stage of implementation).
Interest level: despite the lack of partners, investors and metrics at the current stage of the project implementation, but, taking into consideration all other positive aspects, the project may be obviously rated as HIGH!
There are a lot of tools you can find on the website: a calendar with all upcoming ICO events adjusted to your time zone, social statistics on projects, open whitelists and etc. Simply scroll down on the main page. Till next time!
Find out more about the project here:
Website: https://harmony.one/
Twitter: https://twitter.com/PcorePCC
Telegram: https://t.me/harmony_one
By Gocing84
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2215462
No comments:
Post a Comment