Ankr Network

Decentralized Cloud Computing

Distributed Cloud Computing on Trusted Hardware. Ankr Network is developing a computation resource that aims to efficiently use blockchain to leverage cryptographic primitives and trusted hardware with an integrated data feed system.

Ankr Network ICO Review


Ankr Network is bringing a new blockchain solution that will try to bring blockchain to mass business adoption. Ankr Network will use:
– Proof of Useful Work consensus which is an efficient mining solution for lowering electric consumption and rewarding every miner.
– Using Plasma sidechains and sharding Ankr Network will become fast and scalable blockchain.
– Native oracle service that will enable on-chain entities to connect with real-world data of existing Internet solutions.

Ankr team believes that with this kind of technology, Ankr Network will be able to bring closer the blockchain to the real world. In this way, decentralized autonomous applications will be able to run on the Ankr’s permissionless blockchain framework. It will be a way of tokenization of real-world assets that were not liquid (wine, art piece, real estate ownership, etc.), use of global P2P payment system and personal credit system.

Ankr Network has good idea, young but solid team, great advisors, reasonable hard cap and getting more hype every day without a shilling, bounties, and airdrops.

But, they don’t have a prototype, haven’t announced their whitepaper, token metrics and allocation of funds. So the grade is not final yet.  They are still in early stage.

Partnerships
Ankr Network has some research partners:

Blockchain at Berkeley - some team members worked there for a while and studied at Berkeley University. It is a student-run organization for serving crypto and blockchain communities.
Dora Hacks - global hackathon organization.


They have strategic investors:
NEO Global Capitals as early supporter - they invest in projects related to blockchain and some of them were Ontology, Zilliqa and Bluzelle.
DHVC (Danhua Capital) is a California-based venture capital fund,
BlockVC - a leading blockchain investment and advisory firm,
GBIC - a crypto/blockchain investor and accelerator,
OK Blockchain Capital (possible listing on OKex), Link Ventures and J-Lab.





Advisors
Christel Quek | Marketing Advisor | Co-founder & Chief Commercial Officer at BOLT Global (mobile live TV) for 9 mos. She is an Advisor for two successful ICO projects Switcheo Network and Zilliqa, also an Advisor for Lightbulb Capital. Christel worked as Vice President, Asia Pacific at Brandwatch for 2,5 yrs., Head of Content at Twitter for 2 yrs and Regional Social Business Lead at Samsung Asia for a year.

JZ Zhang | Technology Advisor | Founder & CEO/CTO of PDX Technologies, Inc. for more than 2 yrs. He was a Principal Engineer at CISCO for a year. Worked for Yahoo! on a director level for more than 4 yrs and 3 yrs as Staff Technical Architect at PayPal. Also has a working experience as Senior Architect at IBM Platform Computing for 1 yr 9 mos.
Competitors
Ankr Network is competitor to AWS from Amazon and Google Cloud, but it will be decentralized and with smaller fees.

In crypto surrounding competitors are:
Dfinity - still in ICO phase, they canceled their token sale and now going for airdrop. Hard cap is 90M $. Mainnet is set to end of this year.
DADI - they rised 29M $, and their testnet is coming next month and mainnet by end of year. Currently, they have a market cap of 15,959,370$.



Hype
27384  
Hype tools used:
Nothing

They are getting some hype, in 3 days more than 4k Telegram members came in, so a present number is more than 11 800 members (30/05/2018). All of that without a shilling, bounties, and airdrops. Now there is 26843 TG members. (12/6/2018). Ankr got a high grade TOP 7 ICO spreadsheat.

Hard cap
15,950,000 $ (~33,651 ETH)
Token % for public
30%
What happens to unsold tokens
TBA
Currencies accepted
ETH
Bonus
40% bonus for private sale strategic investors and a lock-up for 6 mos.
20% bonus for presale strategic investors and a lock-up for 6 mos.
Token transferable
No public data for token distribution yet.
Allocation of funds
No public data on allocation of funds yet.
Ankr Network has 11 team members.

Chandler Song | Co-founder & CEO | Bachelor of Science in Electrical Engineering & CS at Berkeley University. He was a CTO of CitySpade Inc. for 5 mos, Software Engineer Inter at Amazon and SAP for 4 mos., Worked as an AI Research Lab Assistant at Berkely for 4 mos, and as a Developer for Blockchain at Berkeley for 7 mos. Not much experience most of it as Intern.

Stanley Wu | Co-founder & CTO | Founder & CIO of Prorsum Capital (Investments/fundraising) for 4 yrs. Managing Partner & CEO at Shenzhen Ascend Capital Management Co., Ltd. for more than 1 yr. Director, Principal Finance & Equity at Societe Generale Corporate & Investment Banking for more than 3 yrs and 6 yrs as a Branch General Manager. Also worked as Executive Director at Echo International Investment Co., Ltd. for 2,5 yrs.

Song Liu | Chief Security Engineer | Master of Science, CS, at Boston University. Song has 1,5 yrs working experience as Senior Service Engineer for EA - Electronic Arts, 2 yrs as Senior Staff Engineer at Palo Alto Networks (Next Generation Firewall) and 2 yrs as Principal Software Engineer at Gigamon (distributed security platform).

Ryan Fang | Co-founder & COO | B.S., UC, Berkeley, Business, Statistics Serial Entrepreneur. Worked as intern for 2-3 mos at Credit Suisse, Morgan Stanley, China Renaissance and State Street.

Yan Ji | Scientist | Ph.D., Cornell University, Applied Cryptography B.S., Shanghai Jiao Tong Univerisity. Member of IC3, ACM ICPC 2014 Regional Gold Medalist, ACM ICPC 2017 Regional Championship

Rahim Noorani | Business Operations | Bachelor's Degree in Business Administration and CS at UC, Berkeley. He work mostly as intern in ICONIQ Capital as Growth Equty Intern, Momentum Partners as Investment Banking Intern, Signia Venture Partners as Venture Intern. He was a Student Researcher at University of Texax at Dallas, Organizer of Cal Hacks (the largest collegiate hackathon), and founder and co-president of Lemelson MIT InvenTeam for 3 yrs. Also he was a Director of Industry Relations for Hult Prize at UC Berkeley and Investment Associate at Bessemer Venture Partners for 5 mos.
The team had made project research at the beginning of this year, Proof of Concept by April, conducted a private sale in May which was oversubscribed and sold out. The team is now working on whitepaper release scheduled for this month (June) and prototype release which is planned for July. It is a rumor that they will have a Testnet in July and a Mainnet by the end of the year 2018.
Project phase
At this phase they have no prototype - just an idea.
Private sale start
Going on
Private sale end
TBA
Presale start
TBA
Presale end
TBA
Crowdsale start
TBA
Crowdsale end
TBA
Token distribution
TBA
Bonus unlock
6 months
Exchange date
TBA

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Distributed Cloud Computing on Trusted Hardware. Ankr Network is developing a computation resource that aims to efficiently use blockchain to leverage cryptographic primitives and trusted hardware with an integrated data feed system.

Expected ROI
Reveal
ICO starts in
TBA


Token Metrics
Hard cap
15,950,000 $ (~33,651 ETH)
Token
ANKR
Accepting
ETH