After a long waiting period, Ankr has actually been literally listed on the stock market in the heart of the Bear market after 6 months have passed. Unlike other ICOs, it is possible to say that there is a move in place, but even now, ICO investors are in a great deal of profit.
QUANTITATIVE ANALYSIS (QUANTITY)
Rather than what the project is, the form of analysis where the figures speak is quantitative analysis.
If you believe that almost all of the cryptops are a fashion / trend, then this first part, supported by rational numbers, will be of more interest to you.
a) Market cap
After collecting over $ 18M, Ankr now has a $ 9M market cap. They sold 14.5 M of this 18 M dollar from the Private Saloon. I read that those who buy from the private sale round receive a discount of close to 20%. If it is true, we can say that it has just gone through a private sale process. They sold the remaining $ 3.3 million at ICO. There may be two reasons if private investors do not sell (a) token at a positive price when they are waiting for about 1 year.
1- Expectations from the project are great
2- The project owners have locked the seed tokens of the seed investors for a long time with a good planning. On the f) tab (under lockup conditions) we will know that option 1 is correct.
b) Amount of supply in circulation
According to CMC (coinmarketcap) data, 3,996,000,000 ANKR is currently in circulation. In order to understand the quantity in circulation it is necessary to understand the distribution40% of ANKR's total tokens are reserved for excavation in a new mining method they developed.
If the rest is 60%
30% - Private sale
20% - to teams and consultants
5% - Marketing and Advertising budget
5% - ICO dispersed
c) Total supply
The total amount of supply is 10 billion, 40% of which is 4 billion enamel, and there is currently no circulation.
If the quantity offered in normal erc20 ICOs is less than 50 (35% in ANKR), this is the red flag in my opinion. But in Ankr there is a 40% that will be distributed to 40% users. So we can think of 75% of the amount offered to the public. This is very important in my view of decentralization.
QUALITATIVE ANALYSIS (QUALITY)
a) “Real” Area of use
Cloud computing is a technology that allows you to remotely control and store data outside of your local machine. There are quite important companies outside the blockchain world. Microsoft, Google, Amazon, IBM tabii Of course, it is not up to me to question the usage area of such large companies. The question is whether Ankr will be able to rival these established companies from the blockchain world. Time will tell.
b) Target Market
Ankr's target market is, of course, crypto investors. The biggest advantage is the ch blockchain olan which is one of the most technologically fashionable words of the last period. In addition, one of the problems that Ankr wants to solve is the energy consumption of PoW. In other words, they are developing a new algorithm, Proof of Useful Work (PoUW), which is also ecologically valuable. Amazon, Google, giants such as the cake to steal from the mass adaptation should go a long way, but both distributed cloud technology (more reliable) and cheaper storage motto is not less chance at all.
Now ANKR once against PoW. He says he uses a lot of electricity without any use (I disagree with this idea). Perhaps this is the starting point for their technology. In fact, they are trying to improve the mining we know with Proof of Useful Work (PoUW), where they claim that the energy spent by their Proof of Work can only be wasted on unnecessary tasks such as finding blocks and approving transfers (Good idea). It is even said that nvidia has invested in e tee teknoloji technology, which is the technology required for this method. There is no other project in this area that tries to regulate PoW and is working in the field of distributed cloud technology.
Major competitor is Golem ( GNT )