Unibright ICO Analysis

Unibright is a spin-off of SPO Consulting GmbH, which was founded in 1989 and focuses on consulting and support in the development of IT systems in the SAP and Microsoft .NET environment. Unibright will integrate SPO’s expertise from more than 15 years of business integration and ERP-System consultancy (mostly SAP) into the blockchain domain.

Unibright makes it easy to integrate blockchain technology into existing business through a unified framework for blockchain based business integration. Unibright is template based and targets all business sectors. Businesses can choose a template for the desired use case, customize the integration workflow, generate code, connect their existing landscape and monitor the ongoing business process. Unibright is designed to be blockchain agnostic in order to be used on multiple platforms such as Ethereum, Neo, Stratis, etc.

The components of the Unibright platform are presented below:

The Unibright Visual Workflow Designer: enables clients to create blockchain-based solutions and define business integration workflows visually with no coding skills or expensive developers.

The Unibright Contract Lifecycle Manager: platform-dependent code is created from visually designed workflows and smart contracts are automatically generated for the most appropriate blockchain. The generated code is then maintained, deployed and updated as blockchain specific smart contracts.

The Unibright Explorer: monitors the ongoing business processes across all smart contracts and related systems. It helps to present on- and off-chain data to a useful, easy to understand dashboard. Existing smart contracts and connected systems are monitored via automatically generated sets of smart queries.

The Unibright Connector: enables current IT landscape to connect with smart contracts and different blockchains by use of a set of predefined Smart Adapters. Off-chain (ERP) and blockchain systems are integrated into the process automatically.

Token

The Unibright Token (UBT) is an ERC20 utility token that connects Unibright conformant smart contracts with other smart contracts or off-chain systems. For each of these transactions, Unibright tokens are needed by companies that want to benefit from the Unibright framework. In this case, they will hold a certain amount of UBT tokens that will be collected by Unibright and resold to either the company or the market for further integration transactions. Unibright tokens will be used to register smart contracts deployed on the platform and to purchase workflow templates and smart adapters developed by Unibright.

The crowdsale will begin April 10, 2018, and conclude May 10, 2018. The token price is set to be 0.14 USD with a hard cap of $13,542,375 USD. There will be 100,500,000 UBT available to purchase with a total supply of 150,000,000 UBT. A 10% bonus is in effect for the first quarter of tokens sold, followed by a 5% bonus for the second quarter of tokens sold. Every token sale purchaser will receive a unique referral link and will automatically receive a 5% bonus transferred into his/her wallet from tokens bought using the referral link. After the completion of the token sale, UBT token will be listed and will be available for trading on orderbook.io. Tokens not sold during public ICO will be burned.

The project’s token distribution is as follows:

6% Legal / token sale expenses

6% Team (locked up for 12 months)

9% Seed investors

12% Cold storage liquidity reserve

67% Public token sale

Team

The core team for Unibright comes from SPO Consulting GmbH, a successful business based in Germany for over 20 years. One exception is Fabian Schlarb, Lead Test Engineer, who comes from Opel – one of Europe’s largest automakers with over 38,000 employees. Unibright has retained seven advisers, including Oleksii Matiiasevych (Smart Contracts Engineer for Ambisafe) and Moritz Gomm (Lead Business Innovator for Zühlke Group). Aside from looking to possibly acquire current clients from SPO such as Samsung, Shell, and Siemens, Unibright has already established partnerships with Iconiqlab, Ambisafe, Microsoft and Zuehlke.

The Unibright delivered a speech at the Blockchain Summit in Zurich earlier this month and will also be speaking at the Blockchain Innovation & Investment Summit Dubai on Mar. 19.

Roadmap

1989-2000                   SAP solution provider

2000-2010                   Web 2.0

2011                Own integration Platform

2016                Blockchain spin-off

Q2 2017          Unibright Launch

Q4 2017          Business Setup

Q1 2018          UB Connector

Q2 2018          First Versions of tools

Q3 2018          More templates, more blockchains

Q4                   2018 Pilot Customers

2019                Product Readiness

Verdict

On the positive side, Unibright has already developed nine common use-case templates clients to choose a template that fits their specific needs, customize their business integration workflow visually and automatically generate all objects needed for blockchain based business integration: Smart Contracts, Smart Adapters, and Smart Queries. New templates will be continually created as use cases are identified within different industries. Each template has a suitable subset of all available workflow tool set items which can be customized to the needs of the client. However, we won’t get to see how it’s working with actual clients until Q4 2018. This template business model is interesting and, if successful commercial adoption occurs, could be a sleeper to worth the wait.

Risks

Pilot customers aren’t scheduled for Q4 2018 so will take a while to see if there’s successful implementation. -2

Lacking in marketing with relatively low social media presence in comparison to other ICOs. -1

Currently lacking programmers/developers needed to complete the project according to the roadmap. Hiring will be determined by the success of ICO sale. -1

Growth Potential

The project has good token metrics- $13,542,375 market cap, selling 67% during the token sale and burning unsold tokens. +4.5

The majority of the team comes from the same company with years of experience working together, in addition to a solid group of advisers. +3

An excellent use case for enabling small/midsize companies to plug into blockchain technology without hiring extensive IT staff, coders or developers. +2.5

Disposition

Just as Shopify helps individuals create online businesses without any IT knowledge or experience through the use of templates, Unibright aims to connect businesses to the blockchain in a similar way. Using Unibright, businesses won’t need coding, smart contract expertise or have to issue their own token. The hype surrounding Unibright isn’t as high as other ICOs, which may actually work in favor of long-term investors. With its unique idea along with its experienced team, Unibright receives a rating of 6 out of 10.

Investment Details

Symbol: UBT

Token Type: Utility

Platform: Ethereum

Public Sale: April 10, 2018

Token Price: 1 UBT = 0.14 USD

Hard Cap: 13,542,375 USD

Total Supply: 150,000,000 UBT

Available for Token Sale: 100,500,000 (67%)

Bonus: 10% For first quarter of tokens sold, 5% For second quarter of tokens sold

Min/Max Personal Cap: 100 UBT / TBA

Jurisdictions barred from participation: China, USA

Payments Accepted: ETH, BTC, LTC, Dash

 

For more information regarding Unibright:

Website:unibright.io (whitepaper, team, roadmap)

Bounty Program: bitcointalk.org/index.php?topic=2994777.0

Telegram: t.me/unibright_io

Twitter: twitter.com/UnibrightIO

Facebook: facebook.com/Unibright.IO/

Medium: medium.com/@UnibrightIO

Reddit: reddit.com/r/Unibright/

 

Disclaimer
This document is compiled from different sources for information purposes only. We wanted it to be concise, providing you
all necessary information, making it easier for you to take your decision. Nothing here is a financial Advise.

 

Posted on March 13, 2018 in ICO analysis

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Humza Hamid

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BEL 3.0 was established by a diverse range of individuals united by the greater vision that Blockchain and peer-to-peer technologies can profoundly solve real-world problems.

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