Akash Network
https://icorating.com/ico/akash-network/
Akash is a decentralized cloud computing marketplace.
We’ve seen a number of cloud computing marketplaces some of which succeeded in delivering working products but none of which finally met the investors expectations. We expect the team to have taken this experience into consideration and probably be more successful.
Hype score: Moderate
Risk score: High
Toltal score: Risky+
Pro: Akash will be holding IEO on Bitmax which recently succeeded in raising capital for several projects (xDai, Serum). The analysis of the dynamics of these projects current token prices shows positive short term trends which allows us to expect the same results for Akash. We also consider the small cap of $640 000 on the IEO to be a good indicator of a potential upside for investors.
Contra: Failure to deliver the mainnet in 2018 as was planned according to the old Whitepaper in 2018. Given that Akash Network is an infrastructural platform, the long-term demand for the platform may raise the token price, although similar projects show poor long-term results.
As a result of our analysis we evaluate the project as having good potential in short-term and risky long-term.
ICORating does not endorse or recommend any of the projects that are rated or listed on icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.
https://icorating.com/ico/akash-network/
Akash is a decentralized cloud computing marketplace.
We’ve seen a number of cloud computing marketplaces some of which succeeded in delivering working products but none of which finally met the investors expectations. We expect the team to have taken this experience into consideration and probably be more successful.
Hype score: Moderate
Risk score: High
Toltal score: Risky+
Pro: Akash will be holding IEO on Bitmax which recently succeeded in raising capital for several projects (xDai, Serum). The analysis of the dynamics of these projects current token prices shows positive short term trends which allows us to expect the same results for Akash. We also consider the small cap of $640 000 on the IEO to be a good indicator of a potential upside for investors.
Contra: Failure to deliver the mainnet in 2018 as was planned according to the old Whitepaper in 2018. Given that Akash Network is an infrastructural platform, the long-term demand for the platform may raise the token price, although similar projects show poor long-term results.
As a result of our analysis we evaluate the project as having good potential in short-term and risky long-term.
ICORating does not endorse or recommend any of the projects that are rated or listed on icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.