Singapore Startup Bluzelle Raises Us$19 5m In Ico To Strengthen Its Blockchain Tech

Bluzelle operates no data centers as all computer resources are provided by network producers who earn funds and pass the savings to consumers. Bluzelle dynamically adjusts the number and location of nodes sharding your data to reduce request time and overall performance. The hard cap is low for the problem that Bluzelle is addressing. All the main criteria, including team, idea, token metric, market awareness, and roadmap, are above average. ICORating receives monetary compensation from the rated entities for completing the ratings reports available on iсorating.com and/or for listing their projects on icorating.com.

Cloud Nine’s mission is to fuel innovation and make the future more accessible by powering the launch and growth of technologies. Mesh networks allow smartphones and IoT devices to piggyback off each other as nodes in a network, rather than forcing all devices to rely on one central tower. The company recently raised $22 million CAD in a private token allocation round. All information including our rating, is provided merely for informational purposes.

One of the characteristics of these dApps is that they exchange massive amounts of data that need to be stored and managed constantly. Token users will be developers that are storing, or retrieving various data, and thus will pay in BNT to accomplish that. Producers will be those that are paid for allowing developers to use their storage resources. A swarm is essentially инвестиции в драгоценные металлы a closely networked group of nodes that cooperate in providing decentralized access to the aforementioned resources. Bluzelle also plans to have swarms of swarms, with one leader being elected at a given time through which the resources are channeled. This way, should a single node go down, another one can immediately be “elected” to take its place.

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Bluzelle, the decentralized database provider, has closed its Initial Coin Offering having raised $19.5m in order to develop its decentralized database technology and fill the missing piece in the decentralized internet. The sale was unlike ‘FOMO ICOs’ where buyers are given little time to get their orders in and ‘Fear bluezelle ico Of Missing Out’ tactics are used to ensure a mad dash to sell out. Instead, buyers were assembled into groups and given 24 hours to make their purchases. Despite being a decentralized data storage platform, Bluzelle also has other services geared towards businesses and corporations who want to use the blockchain.

• Files are relatively large, of arbitrary size, and their contents are not searchable or structured in any agnostic way.
• The reason for having two tokens is that Ethereum and its ERC-20 tokens are too slow and expensive for real-time database accounting.
• With a total market cap of $60 million and token distribution of 33% to investors, the Bluzelle ICO scores decently by our pricing metrics.
• Producers in the Bluzelle platform are the people who mine which is a process where a user’s computer plays a part in the transaction validation process.
• The consumers are those who want to use Bluzelle’s database services; the developers they target.

Bluzelle is a decentralized data layer for dapps to manage data in a secure, censorship-resistant and highly scalable manner. Bluzelle is powered by Cosmos and its BFT technology Tendermint, making it compatible with various blockchains. As developers continue to build Dapps, relying on centralized databases by AWS, Microsoft and others is a centralized point of failure. True freedom requires the full stack to be decentralized, not just one part. That’s where Bluzelle aims to provide a critical piece in the advancement of Defi, supply chains, gaming, and other Web 3.0 sectors.

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Bluzelle offers a blockchain platform for the creation of decentralized applications focused decentralized and scalable database services. Users of Bluzelle can sell their unused computing resources to become storage providers for other users interested in buying their computing resources. Transactions on the Bluezelle are done with the platforms own cryptocurrency. Decentral Media LLC, the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Accordingly, nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Bluzelle is a decentralized, scalable database service for dApps.

Often, a “fear-of-missing-out” style is introduced to potential buyers, goading them into a mad-dash to buy before time runs out. Instead, Bluzelle organized buyers intro groups who were given 24 hours to make their token purchases. Another notable company has used cryptocurrency to unlock their next stage of funding. BrainStation Каталог монет из драгоценных металлов is the global leader in digital skills training, empowering businesses and brands to succeed in the digital age. BrainStation helps companies prepare for the future of work through cutting-edge digital skills training, top talent recruitment, and more. Aims to be the next-gen database protocol for the decentralized internet.

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The ICO boom days were a very strange time and one in which some of the investors we spoke to took bold moves that don’t typically fall within the bounds defined by best practices for investing. For example, both Distributed and KR1 decided to go extremely long on one token . „Quite a few of the tokens that we invested in 2017, 2018, hit a rough patch during the bear market,“ Veradittakit said.

Zilliqa– is a smart contract platform that looks to solve the current scaling issues faced by the industry (i.e. the number of transactions they are capable of processing per second is limited). Zilliqa looks to solve this by the idea ofsharding – dividing the mining network into smaller shards each capable of processing transactions in parallel. This will allow Zilliqa to high throughput or thousands of transactions per second. Bluzelle and Zilliqa are collaborating to provide an integrated solution so users dApps with Zilliqa as the underlying blockchain can use Bluzelle for decentralized data storage.

Gimmer I’m sure this is a good project, but I just can’t really look at anything that’s about selling trading bots to the masses in crypto. It’s far more common for projects to exclude US, Chinese and South Korean investors, either nominally or by more effective means, like a Know-Your-Customer process involving the scan of an official document. This website uses cookies to improve your experience while you navigate through the website.

In the past, Bluzelle has hired for full-time, telecommuting jobs in the computer & IT and software development categories. Bluzelle is working to create a new data economy that provides private data control, data syndication, and a decentralized web infrastructure that ensures full security. Brett Kotas is a Blockchain & Cryptocurrency enthusiast, investor, and adviser. He currently is finishing up his finance degree at the University of South Carolina. His overall goal is to help people learn about cryptocurrency and blockchain, and the effects they will have economically and socially in the future. Bluzelle recently finished up a very successful Initial Coin Offering, raising $19.5 million.

Di Prisco’s fund did very well in part because it got out of so many positions at the top. He still thinks that by and large the 2017 ICO approach isn’t a healthy one. Everyone acknowledges that a lot of bad projects and bad actors took advantage of the approach before long, but van Schreven said that from where he sat there were also a lot of well-intentioned projects.

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The project solves a pain point encountered by many dApps and we believe the team has the capability to execute the project’s vision. We believe that a decentralized database management solution is needed in the majority of dApps, so Bluzelle has great potential if dApps become widely used. I’ve now had the pleasure of speaking with both Pavel Bains (co-founder & CEO) and Neeraj Murarka (co-founder & CTO). Both of whom are first generation Canadian Born and of Indian descent. I’ve never been a huge fan of ICOs , due to the fact many don’t really serve a purpose, outside of finding a problem, state a solution, and apply an ERC20 token to it with a white paper. Bluzelle was one of the few ICOs I really wanted to get into since they had a business plan that made sense and has a space that is in dire need of cheaper, more efficient data storage.

By day three, there were just under 2 million tokens left of the 165 million made available for sale and both previous groups were able to take part on a first-come-first-served basis. Some articles on coindesk and cointelegraph and~350 people on slack, ~100 on Telegram. The total supply of tokens should also be justified by the needs of the Облигация project. Issuing a billion tokens for no reason will do nobody any good. It’s important for the analyst to consider how much demand there is for the product in question. While the IPO boom funded a lot of great ideas that eventually did come to fruition, a good analyst would recognize when an idea is too early, too late, or just right.

Ico Picks This Week: Bluzelle Review Plus 16 Red Flags

Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Just like decentralized services like Filecoin and Storj are needed for file storage & management; there is a need for data storage & management. Bluzelle is a decentralized, on-demand, scalable database service for dApps. Bluzelle fills a need and is complementary to the other components to make the decentralized Internet complete.

Don’t let this event prevent you from paying attention to blockchain projects and ICOs that are trying to accomplish something worthwhile. The bottom line is that it wasn’t a good day for many cryptocurrency investors. But in the grand scheme of things, the correction may have been painful but necessary medicine to flush out Bitconnect and other pumped up but worthless altcoins. BitConnect was revealed to be nothing more than a billion-dollar Ponzi scheme, something many experts, including Litecoin founder Charlie Lee and Ethereum founder Vitalik Buterin, had warned.

This may sound similar to other projects such as Filecoin and Storj, but Bluzelle is complementary rather than competition. Specifically, Bluzelle intends to be an enterprise-grade decentralized storage application for ‘decentralized apps’ or dApps. Vancouver-based Bluzelle has closed its Initial Coin Offering and raised $19.5 million in total. The funding will go towards developing their decentralized database technology and fill the missing pieces involved in building a decentralized internet. The team has targeted a market demand they encountered while building other dApps for large financial institutions; that is, the issue of storing large sets of organized customer data.

Bains is a well-recognized thought leader in the blockchain, cryptocurrency, and decentralized internet sectors. He led the successful $19.5 million Bluzelle ICO with a stellar set of team and advisors to build a decentralized database for blockchain applications. Bluezelle have a token generation event / ICO to launch a decentralised database service which can be used by developers to host their databases.

It’s always good to see creators from other successful projects as an advisor to a team. Bluzelle – ICO Hot List Bluzelle is a decentralized, on-demand, scalable database service for dApps. Let’s talk add-on value Bluzelle automatically gains in potential capacity, as any connected device could apply to become a node in the Bluzelle network. I’m no expert, but what they’re proposing to do sounds complicated, involving user data, transactions and powerful brand users. I’d like to see a little more substance in the white paper for a project like that. Finally , I look at the team section of the website and on a team of 14 there is one developer.