ICObazaar experts have given Chromapolis by ChromaWay rating with 4.5 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:
Chromapolis is a blockchain platform for dApps where the data is stored in a relational database. Chromapolis is created by ChromaWay, Sweden-based blockchain technology company established in 2014.
To reduce programming errors and control resources use, a new language called Rell will be introduced for dApp programming. Rell is claimed to be seven times more compact than SQL and allows meta-programming from templates and handles overflow errors. Unlike Ethereum, the built-in governance mechanism allows fixing dApp errors on the fly.
The project has every chance to occupy this niche, given that its creators already have a serious weight in the industry and experience in bringing the product to the market. They already have several working blockchain solutions with a focus on real estate and finance.
The Chromapolis ICO offers a new approach to dApps development that addresses the shortcomings present in many current blockchain networks. Chromapolis is focusing on business-oriented dApps that need reliable and fast database storage and do not require paying high fees for every transaction.
The team is highly strong and experienced and core members work together since ChromaWay creation in 2014. They have several strong working projects, adopted by financial and government institutions.
A serious concern is the fact that the project will not be decentralized on its early stage as providers will be selected by the parental company ChromaWay. After the adoption period, it is promised that decentralization will appear. But even then Chromaway will still affect the choice as new providers will be selected by the community built entirely on the Chromaway choice basis.
We also have to point out that the project has a lot of projects to compete with (including such whales as IBM entering the market) and the success of the project will seriously depend on the speed of release and quality of the product, as well as partners who will be ready to use the platform for their own purposes.
While still at an early stage, the Chromapolis ICO possesses indicators that point to a solid project. It is hard to say whether the project will be successful or not until we see features of the testnet, that is coming in September 2018.
By now Chromapolis has moderate risks and very high investment potential.