SpringRole

Protocol

SpringRole, the first professional reputation network powered by artificial intelligence and blockchain to eliminate fraud from user profiles. It saves time and money for employers.

“With SpringRole, we’re bringing authenticity to professional online reputation and making it possible to make money off meaningful recommendations,” said Kartik Mandaville, founder and chief executive of SpringRole.

Because SpringRole is built on blockchain and uses smart contracts, it’s able to verify work experience and reputation, give real meaning to endorsements, reward endorsers, and get users endorsements outside of their network.

 


SpringRole ICO Review


When you sign up on SpringRole, you import or add your profile to the platform. This generally includes your work experience, educational experience and your skill sets. Each of these claims once listed on the platform are verified by the concerned people or organizations

  • For work experience and educational qualifications, the universities and companies concerned verify details and attest the claim with the protocol on the blockchain. This is a one time verification and can be used whenever needed
  • On SpringRole, your skill reputation is crowdsourced and depends on the people who endorse you on your skill sets. Skill endorsements are weighted according to the skill level of the person endorsing you and endorsements need to be accepted by the sender and the receiver before it count
  • Whenever people in your network earn rewards on SpringRole, you also gain a percentage of it along with the other users and organizations who have attested for that person.

SpringRole is a decent project that has all of his sides covered. They been developing SpringRole slowly for past 4 years. Idea that will have a great impact. Good and experienced team, great advisors, valuable partnerships, VC investments, working product, clients, and a bit hype.

SpringRole made their own chain called SprinRole chain and added Advisory Verification to the application.

USA and Canada accredited investors are allowed.

Only obstacle could be mass adoption and competitors who could take some share in the market.

 

Partnerships

SpringRole has partnership with:
Civic – very important for authorization and security, they are giving businesses & individuals the tools to control and protect identities.
AIKON – “Partnering with AIKON will benefit us immensely, as being listed on their API marketplace will greatly reduce the friction between us and app developers intending to build on our platform. I’m incredibly excited to build a decentralized world together with their team.” — Kartik, CEO SpringRole.
Workcoin – freelance platform, users will benefit from SpringRole and SpringRole will get more users.
Mainframe – A decentralized network for censorship-resistant message routing. SpringRole will use their messaging and communications solution.
AmaZix – great for marketing, they managed some of the largest ICOs in history including Bancor, BANKEX and Hdac.
Science Inc. – a Los Angeles – based startup studio that develops, invests in, and acquires various businesses (parent company of SpringRole).
Guardian Circle – app for rapid assistance of your trusted people, there is a real use case for Spring Role in this app.
ZeusID – partners with Springrole for verification of the participants on their platform
ICODashboard – partners with SpringRole for Advisor Verification
They had also partnered with Bloom, GIPG, Deconet, Teachur.co and SpringRole Skill Project.

Also SpringRole already has a lot of clients: Flipkart, Mammoth media, Tuition.io, Cargomatic, Handstand, Card.com, Playhaven, Squad, PLOWZ & MOWZ.

Competitors

SpringRole has a few competitors:
Moonlite – has a good team but their beta version for public product will be released in Q2 2019.
Indorse – hard cap (50,000 ETH) is much bigger than SpringRoles (~ 17,000 ETH). Indorse does not have a robust system to address the problem of knowing how skilled someone is.
Profede – release of beta version of the product in Q4 2018. Profede is just adding blockchain to a solution while doing things that are very similar to LinkedIn.

The other platforms focus highly on jobs and hiring whereas SpringRole focuses on the users and having a genuine and verified professional profile which allows them to showcase their skills and build connections in a trust based manner.

There are no competitors that are already on market.

Hype
59157   2332   1000
Hype tools used:
Airdrop

SpringRole in press:
The Economic Times
https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/companies-are-counting-on-initial-coin-offerings-next/articleshow/62940615.cms

Silicon Angle
https://siliconangle.com/blog/2017/10/11/blockchain-melds-professional-reputation-networks-springrole-launch/

Socaltech
https://www.socaltech.com/science_launches_springrole_to_tackle_professional_reputations_using_blockchain/s-0072292.html

Techburst

https://techburst.io/science-blockchain-launches-professional-reputation-network-springrole-46f90d103fd

NASDAQ

https://www.nasdaq.com/press-release/springrole-and-guardian-circle-team-up-for-stronger-emergency-services-20180611-00254

SpringRole is now ranked 8th out of hundreds of other Decentralized Apps on:

https://App.co

Founder Kartik Mandaville is listed as an expert in Carnegie Mellon’s center for entrepreneurship. CMU is the world’s best computer science university based of Pittsburgh, USA

https://www.cmu.edu/swartz-center-for-entrepreneurship/education-and-resources/project-olympus/office-hours/kartik-mandaville.html

Token price in crypto
0.00002 ETH
Hard cap
12,000,000 $ (~131,650 ETH)
ICO supply
2,550,000,000
Total supply
10,000,000,000
Token % for public
25%
What happens to unsold tokens
May be airdropped to investors with at least a 6 month lockup. (source: Medium)
Currencies accepted
ETH
Private sale min. investment
100 ETH
Presale min. investment
2 ETH
Crowdsale min. investment
1 ETH
Bonus

For public presale bonus is 100%.
There will be 90 day lockup on the bonus tokens. 25% on launch and 25% every 30 days.
For public sale bonus is 11%.

Token distribution

2,55B (25,5%) SPRING tokens made available for purchase, including advance and private purchases, the presale and the main token sale.

1B (10%) SPRING tokens are for SpringRole existing contributors and advisors.
Tokens for Advisors are locked for 2 years:
a) 50% on launch of Project Spring Network
b) 50% of the tokens to be distributed every month over 2 years.

2.5B (25%) SPRING tokens are for SpringRole Team (Founders, team members) and they are vested for 4 years:
a) 20% vested on launch of Project Spring Network
b) 20% vested on the one-year anniversary of the launch of Project Spring Network
c) 60% vested of the tokens to be distributed every month for the next 3 years.

3B (30%) SPRING tokens are for Market Development
Tokens for Market Development are locked in for 4 years and unlocked as follows:
a) 20% on launch of Project Spring Network
b) 20% on the one-year anniversary of the launch of Project Spring Network
c) 60% of the tokens to be distributed every month for the next 3 years.

0,95B (9,5%) SPRING tokens are for Foundation.

Allocation of funds

SpringRole intends to use:
a) 40% of resources for development,
b) 45% for adoption and building a strong developer ecosystem, further business development, public relations and new partnerships.
c) 5 % is reserved for administrative needs,
d) 5% for legal expenses and
e) 5% for miscellaneous.

Team

SprinRole has 20 team members out of which 8 are developers.

KEY TEAM MEMBERS
Kartik Mandavile | CEO and founder | Holds a Master degree of Science (MS), Biotechnology, Innovation and Computation at Carnegie Mellon University. He was part of the IBM Watson project and worked on genome analysis with machine learning. In 2010, he founded AutoBudder – a software which automatically wishes friends on their birthdays. AutoBudder reached out to 4 million people at its peak and won the ACM Challenge of Code. He was a founder of BTC/USD exchange in 2014. He was a Director of technology and Technical Advisor in Science Inc., and Science Blockchain incubator, at the present time he is an Advisor in multiple firms (Lenny Credit Inc., Hendstand App Inc., Burst Oral Care and PLOWZ&MOWZ). He has won multiple hackathons including the FWD.us hackathon at Facebook, AWS, HackNY and NYUAD.

Vinay Agarwal | Director of engineering | Strong engineering professional with a Bachelor of Technology (BTech) focused in Chemical Engineering from National Institute of Technology Rourkela. Was awarded as Best Chemical Engineer Student for the batch 2008. Worked as a Tehnical Lead in Science Inc., and Tehnical Advisor in Science Blockchain. With over six years of experience, he has also worked with Mammoth Media (formerly known as Science Mobile) as a technical lead of top 100 iTunes store apps like “Wishbone” and as a Backend Engineer for various startups namely “Urban Remedy” and “Elle,” which were backed by Science Media.

Shivhari Shankar | Product Manager | Has a Bachelor of Engineering (B.E), Computer Engineering at Manipal Institute of Tehnology. Worked as a Softwer Engineer at Cisco for 1,5 year and a Cheif Product Architect at Guru-G Learnin Labs for 2,5 years.

Team has been working together in the past, they are well experienced and strong enough to carry this project.
We believe that the team behind SprinRole is capable of delivering due to their long tech experience and deep knowledge in the blockchain.


Advisors

SpringRole has a list of various experienced advisors (12 advisors) who had advised a lot of successful projects.

Michael Jones (Business) | CEO of Science Inc., | Very experienced CEO (Senior Vice President of AOL, CEO of MySpace and Userplane). Angel investor in Goodreads.com, also one of the most active angel investors in Los Angeles and have had more than $2.5B in exits. Exits include: Dollar Shave Club to Unilever for $1B, HelloSociety to New York Times, Famebit to Google,…

Alex Waters (Tech) | Head of Technical Research at Elm Labs | Alex had a role on the Bitcoin core development open source project, and has founded several startups since like Coin.co, Coin Apex (one of the first digital currency and blockchain research organizations)

Rick Marini (Product) | Managing Partner at Protocol Ventures (Protocol invests in 10 crypto hedge funds for a diversification of a single LP investment) | Founder and CEO of BranchOut – the largest professional network leveraging the social graph with over 800 million professional profiles. Rick is a serial entrepreneur with 20 years of operating and investing experience in the consumer technology space.

Greg Gilman (Law) | Founder of Science Blockchain | He is also a co-founder and general counsel at Science Inc. Greg formerly served as a professor of law and director of the Center for Entrepreneurship and Technology Law at Pepperdine University School of Law.

Toni Lane Casserly (Strategy) |Founder @ CULTU.RE | Blockchain | Entrepreneur | Investor | Co-founder of CoinTelegraph, BitNation and Kids Compassion Charity (direct relief disaster response funding using bitcoin). She is an Advisor for High.Vibe Network, AidCoin, Ananas Foundation, Polymath, Propy Inc., Factom, etc. and Consultant for Thether.to, Rooster.io, and Mycelium.

They already have a working product with 30,000 users – SpringRole, so they are in line with their roadmap. It is vary rarely, but SpringRole is one of a few ICO-s to have a working product before Token sale. They just lowered their hard cap from $15M to $12M.
They have worked for 4 years on this project, last year they published whitepaper and made PoC for reading and writing attestations on the blockchain. Early this year they launched INVITE token and access to beta for public. In February SpringRole add ability to add skills and edit basic profile on beta and in March they made available to endorse users on other skills. In May they launched their working product SpringRole for creating entire professional profile. They made their own chain – SpringRole chain and added Advisory Verification.

Project phase

They have lunched their working product – SpringRole app network for entire professional profile that already have more than 30,000 users, and now working on a attestation framework to go live in July.

Whitelist start
Going on
Private sale start
Going on
Presale start
01/06/2018 
Presale end
31/07/2018 
Crowdsale start
TBA
KYC
YES
Token distribution
July 2018

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SpringRole, the first professional reputation network powered by artificial intelligence and blockchain to eliminate fraud from user profiles. It saves time and money for employers.

“With SpringRole, we’re bringing authenticity to professional online reputation and making it possible to make money off meaningful recommendations,” said Kartik Mandaville, founder and chief executive of SpringRole.

Because SpringRole is built on blockchain and uses smart contracts, it’s able to verify work experience and reputation, give real meaning to endorsements, reward endorsers, and get users endorsements outside of their network.

 


Expected ROI
Reveal
ICO starts in
TBA


Token Metrics
Hard cap
12,000,000 $
(~131,650 ETH)
Crowdsale min. investment
1 ETH
ICO supply
2,550,000,000
Total supply
10,000,000,000
Token
SPRING
Accepting
ETH