Yggdrash ICO

Yggdrash is a blockchain ecosystem made up of branches and multi-dimensional blockchains. Its objective is to connect all blockchain networks and redesign internet services into blockchain format. The company’s plan is to use branch chains, similar to side chains, allowing each Dapp to be completely independent of each other. Yggdrash is also a “decentralized exchange” with all deposits/withdrawals of cryptocurrencies made solely in the blockchain of DEX and the trading of cryptocurrencies within the Yggdrash wallet connected to the blockchain.

The Yggdrash platform is made of a main blockchain (Stem Chain) and side chains (Branch Chains). The Stem Chain stores all Branch Chain information connected to Yggdrash and allows them to communicate. The Stem Chain is optimized for transaction processing scalability and expandability by storing only minimum information needed. Branch Chains are created as independent blockchains so they aren’t influenced by the failure of transactions and overloading of other Branch Chains.

The company is developing Delegated Proof of Authority (DPOA), which ensures faster performance than other consensus algorithms by selecting nodes with higher reputation

scores. Yggdrash grants users with higher reputations lower fees or zero fees. Reputation scores are measured based on time and beneficial activities spent on the network. Of course, the higher the reputation, the lower the fees. This concept is similar to credit scores in that people with higher scores have access to higher credit at lower fees from banks and other financial institutions.

Yggdrash is currently focusing on two areas in which they have ample experience: DEX and remittance.

Token

YEED, an ERC20 token, will be the currency used on the Yggdrash platform. A total of 10 billion YEED tokens will be created in the beginning. The burning of YEED will occur for at least one year and the total volume will decrease accordingly. The public sale will commence on Mar. 19 with a pegged market cap of $40 billion.

The token distribution is outlined below:

ICO Public Sale: 50%

Reserve For Investment: 21%

Team: 15%

Foundation: 10%

Advisers: 2%

Community: 2%

Team

The Yggdrash team is 12 members strong with notable backgrounds from Icon, CoinOne and Bithumb. David Seo is CEO and Co-Founder of Yggdrash and CEO of R2V, previously COO of CoinOne and Co-Founder of BluePanNet. Peter Ryu is CTO and Co-Founder of Yggdrash and CTO of R2V, previously ICON DEV Team Manager.

There are currently seven advisers working with Yggdrash including Taejin Kang (former Vice President at Hyundai Card∙Life∙Capital∙Commercial, HSBC and Citibank) and Andrew Chu (CEO at Lately Korea, Inc and previous product manager for Zappos and Home Depot). All team members and advisers have been listed on the Yggdrash website along with brief descriptions and LinkedIn profiles. most team members have Yggdrash on their LinkedIn profile.

Yggdrash has partnered with Bluepan, the largest player in remittance market, working closely together to improve the remittance environment on the platform. Beyond the international remittance business, Yggdrash will play as an integrated cross-border payment platform provider.

Road Map

Feb 6, 2018

Homepage, White paper

Mar 2, 2018

Meet Up in Seoul

Mar 12, 2018

Pre ICO Launch

Mar 16, 2018

Pre ICO End

Mar 19, 2018

Main ICO Launch

Mar 23, 2018

Main ICO End

Mar 26, 2018

AML/KYC Start

Apr 22, 2018

AML/KYC End

May, 2018

Token Distribution

3Q 2018

Release Test net

2Q 2019

Release Main net

Verdict

Yggdrash has ambitious goals and if successful, could become a big player in the blockchain ecosystem. Yggdrash seeks to provide an environment like the App Store of Apple, in which users easily search and download the blockchain DApp they want. Also, they intend to be a decentralized exchange (DEX) allowing users to trade cryptocurrencies directly in Yggdrash’s personal wallet which will connect directly to the blockchain rather than the tokenized internal wallets provided by exchange platforms today. As with many ICO’s, they have lofty goals. With the test net scheduled for Q3 2018 and main net scheduled for Q2 2019, let’s follow this project closely to see if they pull it off.

 

Risks

Serious competitors including EOS, 0Chain, and ICX -1

Currently no code available -1.5

Main-net isn’t scheduled to launch until Q2 2019 -2.5

Growth Potential

Large Team with previous experience from ICON, CoinOne, and Bithumb. +5

Built to be a DEX using the personal wallet. +2.5

Already in partnership with BluePanNet, which has processed more than $60 million worth of remittance for migrant workers in Asia since 2015. +4

Disposition

The Yggdrash team brings blockchain experience to the project and the platform could be quite the game changer if successful. However, there are heavy hitting competitors with a considerable head start in this field. One major positive is  the Yggdrash wallet being a DEX. This could be worth the gamble itself with the potential profitability of future DEX projects being massive, but there is heavy competition within this industry as well. There is also a lot of hype recently around this ICO, which tends to fuel interest. With that being said, Yggdrash receives a 6.5 out of 10 rating.

Investment Details

Symbol: YEED

Platform: Ethereum

ICO Token Price: 1 YEED = $0.0080 USD

Payments Accepted During Crowdsale: ETH

Market Cap: $40,000,000 USD

Presale: March 12, 2018 – March 16, 2018

Crowdsale Date: March 19, 2018 – March 23, 2018

Total Supply: 10,000,000,000 YEED

Jurisdictions barred from participation: USA, Singapore, China

For more information regarding Yggdrash:

Website: yggdrash.io

Telegram: t.me/yggdrash (10,375 members)

Twitter: twitter.com/YggdrashNews

Facebook: facebook.com/yggdrash/

Github: github.com/yggdrash

Medium: medium.com/@yggdrash

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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