MARK.SPACE
MARK.SPACE is a VR-ecosystem that allows its users to create, share, and also sell a unique VR / 3D content, including this tied to real goods and services.
MARK.SPACE is a VR-ecosystem that allows its users to create, share, and also sell a unique VR / 3D content, including this tied to real goods and services.
Project details
Incorporation status
VaultBank, PLC
Available project code
Stage
At the moment, you can see the demo version of the ecosystem on the company's website: now it is a detailed 3D-space, basing on which it is difficult to draw any conclusions about the project's prospects.
Token description
ICO date:
31.10.2017 - 28.02.2018
Platform:
Ethereum
Role of token:
MRK from MARK.SPACE is an ERC20 standard token that will be released in the Ethereum blockchain. Token performs an important role within the platform itself, acting as a means of payment in all transactions related to the purchase/sale and lease of VR content and other products and services in the ecosystem - however, this circumstance does not negate the possibility for users to pay with fiat and crypto-currency: the project provides for the possibility of automatic conversion of traditional currencies and crypto-currency into a platform acceptable currency - the MRK token.
Token price:
Base price: 1 MRK = 0.10 USD
  • presale: 40% discount => 1 MRK = 0.06 USD
  • The first 250 million tokens are sold with a 20% discount => 1 MRK = 0, 08 USD
  • The next 200 million tokens are sold at a 15% discount => 1 MRK = 0.085 USD
  • The next 170 million tokens are sold at a 10% discount => 1 MRK = 0.09 USD
  • The last 100 million tokens are sold at the base price => 1 MRK = 0.10 USD
Sum of tokens:
3 000 000 000 единиц
Maximum cap:
300 000 000
Blockchain:
Ethereum
Consensus
method:
N/A
Escrow agent:
N/A
Accepted currencies ICO:
BTC , ETH , Fiat currencies
Bounty camping:
Under the bounty-campaign MARK.SPACE allocates a pool of 15 million tokens (0.5%), however, the specific encouraged forms of activity and the proportions of the distribution of the tokens pool between them are unknown.
Token distribution date
No data
Markets
N/A
Whitelist:
N/A
Token distribution:
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Investment attractiveness
Market
According to Goldman Sachs' "Virtual & Augmented Reality" report, the aggregate volume of the target VR / AR market (TAM, total addressable market) by 2025 will be about 80 billion USD in the forecast basic scenario 45 billion USD of which will be spend on hardware- solutions like virtual and augmented reality glasses and 35 billion - for software in this segment. This indirectly points to the potentially high demand for the MARK.SPACE platform from users in the future, but there are also more point estimates for specific industry segments the platform is being created for. Thus, the VR / AR technology prospects in retail are estimated through the prism of e-commerce at the level of 1.6 billion USD by 2025, in education - at the level of 700 million USD, in real estate - about 2.6 billion USD. At the same time, high level of interest in technology from the side of the largest technology companies is underlined - thus, their products in the realm of virtual reality according to 2016 already attended by such companies as Facebook, Samsung, Google, HTC, Sony, etc., in the same scope of augmented reality - from Microsoft and, again, Google. All this indicates signs of a high level of competition in the industry, but the market is partly protected by entry market barriers by resource-intensive development process in this segment.
Product
The product offer MARK.SPACE boils down to the open-source platform for developing, consuming and trading products of virtual and augmented reality - the opportunities provided at the initial stage will be reduced to the organization of a kind of personal virtual interactive space, a link to which can be shared with other users. t.ch. and non-current users of the project - a kind of Instagram in 3D - this feature in the terminology of the project has received the Residential status of the district (or district), as this and other services are organized into something like a single virtual city-ecosystem, other services / districts. Other basic services include the possibility of creating groups of interests (Community district), VR-Shopping (Shopping district) and CRM in the form of virtual front-offices (Business District). It is noteworthy that the immersion in the MARK.SPACE ecosystem is realized as purely through standard PCs, laptops and smartphones without the use of additional devices (although there will be a 3D technology here), and through more advanced devices like VR glasses (virtual reality glasses ), which will provide a user experience in its originally conceived form. In addition, there are broad monetization opportunities for all groups of platform users - so, members of different communities can organize their own events and charge for it.
Team
The project team is characterized by two positive features: firstly, the management core of the project has significant expertise in the areas relevant to the project: for example, the CEO & Founder of the project has 10 years of experience in e-commerce, managing partners Oleg Ershov and Denis Polyakov have 12-year-old experience in marketing (4 years in event marketing and 8 years in Internet marketing) and 12 years of IT expertise (including block projects), respectively, CTO and the main developer have 25 and 27 years experience in IT , respectively, (have experience joint launch of the Site Makers project). Besides, the head of VR and 3D unit has a 12-year expertise in 3D visualization and 5 years of experience in product design. Secondly, further analysis of the team composition indicates the certain emphasis on specialists in the marketing, communications and community management areas, which demonstrates the team's understanding of the need to build relationships with partners. Regarding the risks associated with the project team, we can identify the inability to verify the most "loud" competencies among members of the management core like CTO and the main developer because of lack of their profiles in social networks like LinkedIn. In addition, at first glance, the statement of only one blockchain specialist seems insufficient taken into account the importance of technology for the project business model.
Model
MARK.SPACE implements a business model that is in a dependent position with respect to the computing power providers for the project, which is the main source of risk here, since rendering of VR and AR products requires really powerful providers, which initially narrows the circle of candidates, because developers are planning to screen out "low-power" miners. In addition, it is not clear whether the miners will be interested in this alternative, since the payback in the mining process is of a medium-term nature, which, together with the cost of reorienting the farms' capacities, requires the selection of the most stable projects to which MARK.SPACE by definition cannot. Another thing is that the same ether mining in the near future may lose not only economic expediency but also existence, therefore this circumstance can serve as a positive factor from the point of view of influence on the demand of miners for the desired project. In addition, it is unclear whether the primary sales of ecosystem units (sites) are the only source of revenue for the project - most likely, the commission model will also be implemented, given that the project provides monetization opportunities for participants in all districts: it is obvious that this will be used. So, the success of the project will largely depend on establishing partnerships with major retail brands, as well as with corporate clients in principle. As for the token, it acts as a means of payment within the platform, and there are alternatives in the face of fiat currencies.
Finance
MARK.SPACE organizes this ICO mainly to receive funds for the further development and marketing of its project: according to the developers, the project has already made investments from its own sources in the amount of about 5 million USD - thus, the team has not been able to interest external venture investors, which is a negative point. The objectives of the tokens crowdsale are well reflected in the structure of spending of future attracted funds disclosed by the company: 4% will to the salary of the project team, 6% will go to encourage future project participants, 7% will go to research objectives, 33% and 36% respectively will go for the development and marketing, 10% will be attributed to indirect costs, and the remaining 4% will go to the MARK.SPACE technological infrastructure. The company also implements a deep scenario approach to investor-driven development, depending on the amount collected. It is noteworthy that only the top cap of the ICO's hard cap is set at the level of $ 77.3 million, while the soft cap is not available, which means that the company does not provide scenarios related to the funds return to investors. A positive aspect is the publication on the ICO website of a draft document fixing the rights and obligations of the parties involved in the investment transaction, as well as disclosing the potential legal and financial risks and, in general, the uncertainty that tokens investors of the company might face.
Official contants