1 Level
6 Review
3 Karma
Review on Zilliqa by Shannon Mahmood
The project has strong competitors based on their progress and market position…
The project has strong competitors based on their progress and market position, however, we note that Zilliqa has several competitive advantages in terms of performance and security as compared to its rivals. We also note that competitors do not have actual roadmaps publicly available, so it remains unclear when they are planning to add additional features in the future.
Pros
- Zilliqa ICO had hardcap of 48,889 ETH, or USD 22,000,000 at a locked rate of 450 USD/ETH. Team’s original plans called for a cap of USD $20mm, but due to the significant increase in the ETH/USD exchange rate in late November 2017, they locked the exchange rate at USD 450 per ETH and increased hardcap by USD 2,000,000 (4,445 ETH) to allow existing community on Slack, Telegram and early contribution waiting list to participate in the ICO. Zilliqa ICO collected 100% of the hardcap.
Cons
- Roadmap is not comprehensive - We note that current project’s roadmap does not have business development milestones and does not cover the period after dApps release in Q4 2018, whereas vesting for the team will continue for 2 more years (2019 and 2020). It is currently unclear what the team targets are in the forthcoming years.
