*DISCLAIMER: ALL of the information is our subjective opinion and only for informational purposes. The information ICOgens provides is not investment advice (read more)
Have you ever thought of a non-tech person building their own
The "Color Platform" utilizes "Color Engine" to rebuild the Smart Contact Ecosystem. Color Engine technology enables users to easily create "Auto Smart Contracts". Users can utilize the "Color Design Tool" to create "Smart Contracts" and "Smart Contract Templates" without any programming.
Telegram +1200 active members
Facebook +120 followers
Twitter +80 followers
Medium +40 followers
Reddit +18 followers
Youtube Channel 85 subscribers
The thing is that Bounty & Partnership is 10%, I’ve contacted through telegram but the answer for the specific bounty percent is TBA.
“Color” desires to create a new blockchain ecosystem with various
The interesting point is that the non-technical users could possibly develop Smart Contracts by “Color Engine”. It already removes the technical barriers for users to enter and makes
The Color Platform also provides various services to supercharge the
With the recent blockchain’s struggles, such as high fee, narrow scalability, slow transaction speed; the mass adoption for blockchain remains the
What is PUF Chip? Physical Unclonable Function is considered to be a cryptographically secure device that utilizes unclonable physical characteristics. Unlike the Memory-Based security chip, PUF Chip is a physical entity which produces an output value at least independence of physical structures, which are hard to clone. When using PUF in a consensus algorithm, every user node has a physical PUF chip and logical PUF software. That’s why PUF chips help protect private data from unauthorized.
Smart contract eliminates the need for trusted third-party, automated and reduces the transaction cost. “Auto smart contract” will be viewable on any device, are featured with the outstanding: automatic- no coding needed, which means if you are a non-technical, you can still “program” it.
The Color Platform aims to create a new economic blockchain paradigm by enabling almost anyone to create Smart Contracts which will be stored with their view data on the blockchain, viewable on any device. Combined with an interface layer capable of accessing and verifying the state of external blockchains, the Color Platform is capable of computationally enforcing the terms of the Smart Contracts. Every Auto Smart Contract will operate on standard metadata and will be interoperable with every other Color dApp.
Color Platform has seen the problem most apparently in PoW and PoS cryptocurrencies, the initial miners reap the majority of the rewards or similarly, large coin holders continue to be rewarded with coins. The gaining coins have gone after the principle of fiat money, goes against the principle of the blockchain. In which people tend to store up and make the rich-poor gap becomes larger. The "Pixel Program" is a network effect driven referral program that distributes "Pixels". Pixels are awarded on a periodic basis. Unless Pixels are given to new users, sent to fund projects, or used for other community functions, they will disappear. The "Conditional Sharing Mechanism" aims to disincentives hoarding and increase overall user participation in the system.
There are 11 people who are listed on their website, with 5 blockchain developers. However, their media site was not much updated, except for Brandon Knodel and Hyungwon Chae, with the previous experience in machine learning, IT and blockchain. There was no information updated on the other three blockchain developers of Color Platform’s LinkedIn regardless of previous or recent company, any experiences, which raises questions of verification. Github is recommended update for more trust and evaluation for the coder.
There are 12 advisors, who are experienced with high positions and business management & marketing experience. Besides, the 7 board team members already have experiences working with large corporations, which is a bonus point for the follow up of the project.
You can click here for the detail of the advisors, board, and team.
There are 5 listed partners on Color Platform’s website.
Two of those are the technology companies: Nexybit, and SoftEQ. Color Platform has the back of AI Crypto, which is doing their ICO. This ICO sure does not make a boom to catch attention from the Capital or any Funds.
How they run their project?
The roadmap stipulates that once the platform has garnered enough users, they will switch to True Color, the main chain that will depict decentralized governance and platform in full swing. Paralleling dApp development, the Color Team is building out the platform with developer tools such as test-network, IDE’s, smart-contract templates, documentation guides, and even boot camps to support the platform’s adoption. A key piece of Color’s development will come in the form of the powerful Color Virtual Machine (CVM), which will encompass advanced features and make developing
Take a look at this table; we can see the outstanding features of
This project has both pros and cons.
The over
About the percent of bounty and partners are 10%, which is very high, not a good predictor for the future investors. The developer is not total revealed regardless of the skill, but they are on the way building the test net till April 2019, so waiting is a solution. It seems to be a long way for Color Platform to run on. The answer to invest or not is up to the update and the more trust-build from the developer team, though. Color Platform makes investors raise a question about ensuring the best practices in the creation of dApp? Although the platform promises to unleash the potential to create a decentralized software application, there are factors you should take notice when it comes to creating your own
There is quite a massive influx of dApp projects already in place, and there is a growing possibility that humans are about to get to see a more advanced level of dApp projects through Color Platform. After considering both pros and cons, for those are about to establish a blockchain platform, Color is a specific platform for you to try out. But again, always keep an eye for this project, especially,
“Another way to see the unexpected fruits that arise from the mystery is that when we live in the spirit of the gift, magic happens. Gift mentality is a kind of faith, a kind of surrender—and that is a prerequisite for miracles to arise. From the Gift, we become capable of the impossible.” Let’s see how they can do!
Rate from Icogens.com:
HYPE | RISK | ROI | TERM | |
NOT RATE | NOT RATE | NOT RATE | NOT RATE | NOT RATE |
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*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.
HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.
RISK: the risk rate of the project. Based on this score, you can find more spam warnings
ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).
TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.
Source: Icogens.com
