- The websites of Tora and Caspian look very similar.
- There is no link to GitHub to track the product development.
- It is unclear when the product development has been started.
- The motivation of blockchain integration into the system is unclear.
- The team claims that they already connected 10 exchanges to its system. The list of exchanges is unknown.
- The rationale behind issuing native token is unclear.
- The list of CSP token holders benefits is unclear.
- The team is scattered between Hong Kong, Tokyo, San Francisco, and London.
- Most of the team members still work at Tora and have to work at two companies simultaneously.
- None of the core team members has blockchain related experience.
Currently, cryptocurrency trading markets have fragmented liquidity and high volatility across exchanges which prevents many institutional players to enter the market. Moreover, there is no unified trading and analytics platform for cryptocurrency markets. Moreover, there is no risk management system in the field of cryptocurrencies. All these challenges can be mitigated by creating a Bloomberg-like platform in the cryptosphere. Therefore this market has large potential.
There are several projects in crypto trying to deliver similar systems. The list includes Blockfolio, CryptoCompare, Zerion Pulse. These companies did not conduct ICO to attract investment for the product development. In this regards, it is unclear why Caspian needs to conduct an ICO.
Caspian is a complete asset management solution that covers the full lifecycle of the trade. The system will offer cloud-based technology platform which will include Portfolio, Order, and Risk Management system with full pre-trade compliance monitoring. Caspian is a cloud-based platform, with distributed services built around a microservice architecture, and functionality accessible via thin UIs and APIs.
Caspian will have its own Order Execution & Management System, Portfolio Management System, Compliance, Risk Management, Reporting, and Algorithms. Caspian is a joint venture between two firms, Tora - an investment management system and Kenetic - cryptocurrency fund.
Caspian currently connects to over 10 major digital asset exchanges. The platform plans to add up to forty additional trading venues by Q3 2018. However, there is no link to GitHub to track the product development. Moreover, it is unclear when the product development has been started.
The websites of Tora and Caspian look very similar.
The token is designed to enhance the user experience and enrich the Caspian community. It is not designed to be necessary to use the base feature set of the platform. Even without the token, clients can use all core features of the platform. That said, using the CSP token will open access to benefits that should be compelling to a wide range of users. The anticipated list of "unique" features is not given in whitepaper and the benefits of token economy, except having discounts, are unclear.
Financial metrics have not been publicly disclosed yet and are TBA.
The Core team consists of 7 people, the Caspian full-stack digital asset management solution is backed by a full team of over 150 people.
As Caspian was formed as a joint venture of Kenetic (blockchain and cryptocurrency investment firm) and Tora (technology provider to buy-side institutions), several core team members come from Tora.
The CTO previously worked as Software Engineering Designer at Microsoft, Quant at Lehman Brothers, and Product Director at Tora.
The rest core team members experience includes Credit Suisse, Bloomberg (sales roles), Deloitte, Wagic.
None of the core team members has blockchain related experience. The team is scattered between Hong Kong, Tokyo, San Francisco, and London. Most of the team members still work at Tora and have to work at two companies simultaneously.