ICObazaar experts have given Blockcloud rating with 4.8 score.
Our ICO rating evaluates the overall quality and viability of the product, team, and technical implementation behind. It is calculated with a weight-adjusted formula with five factors and a separate industry expert score. Each factor evaluates an aspect of the project and its weight is related to its importance, which was determined by blockchain and finance professionals. Our rating methodology.
Each factor evaluation:
The Blockcloud ICO and BLOC Token offer a solution to the problems of scalability and trust impending the growth of the IoT sector. In a traditional IoT network, most platforms provide a centralized server to aggregate all connected devices, data, and services. Such structuring ultimately creates barriers to scaling through high-bandwidth consumption and a centralized point of failure. As a solution to these problems, Blockcloud suggests an incentive-driven protocol for IoT services, architected for scalability and security, that will form the foundation of a viable ecosystem of interconnected smart devices.
The IoT market is growing rapidly: it is expected to expand from $ 157 bln in 2016 to $ 457 bln by 2020, attaining a Compound Annual Growth Rate (CAGR) of 28.5%.
Blockcloud idea is ambitious, reasonable challenging and achievable with due technical grounds, which are clearly at place with a solid developer team.
The project has a low hard cap and high market awareness (80% of tokens were sold during presale). A long lock-up period scheduled for pre-sale participants will thin the initial circulating supply.
The tokens should not have trouble listing on major exchanges, as many of them invested in the project.
With the strong team and advisory board, the project has a good chance of succeeding.
However the mainnet is scheduled to launch only by Q2 2020, which is far away, and there are at least two projects with the same goals and similar technologies releasing their mainnet in Q4 2018. Summing it up, the project should be considered by a long-term investors and has a medium risk level.