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Moonlight

Moonlight is a decentralized workforce and project management platform anchored on the NEO blockchain. It provides improved liquidity to conventional resource management activities by integrating 'gig economy' mechanics into an analytical project management platform. Tasks completed in Moonlight are published to a user's address on the blockchain which acts as a trustless resume. The project, therefore, provides a public ledger of contributor work experience and a match making algorithm to effectively fulfill project needs using a global pool of qualified contributors. This data is also leveraged by the ecosystem's project tracking and staffing tools.

Rating: 4.2

Official contacts
Location: N/A
Web-resources:   Whitepaper Website
Social networks: N/A
Product source tracking: https://github.com/Moonlight-io
Details Description Risks Full analysis Team

Detailed review

Stage of product development
It is unclear when the product development has been started. The prototype is expected before the crowdsale in the next 2-3 weeks, Mainnet is expected in Q1 2019.


Token description
ICO date
11.08.2018 - 31.08.2018
Token price
1 NEO = 2000 LUX
1 GAS = 800 LUX
1 ETH = 15 000 LUX
Platform
NEO
Hard cap
10000000
Capitalization of token pool
20000000
Blockchain
NEO
Token distribution date
N/A
Consensus method
Proof of Stake
Escrow
N/A
ICO currencies
ETH
Bounty camping
N/A
Markets
N/A
Token functions
The Lux token will use a similar, multi-token UTXO operating mechanic to Neo and Neon Exchange (NEX) to provide value to token holders. Using the token for remittance, resolvers (The organizations that fulfills a task in the system) and issuers (The organizations that creates a task in the system) will be charged reduced system fees.
Tokens distribution
Pre Sale (25.0%)
Public Sale (25.0%)
Vested Project Growth (20.0%)
Founders (10.0%)
Strategic Partners (9.0%)
Core development & Advisory Budget (11.0%)
Risks
MARKET

Most of the current projects in this field did not gain significant ROI since ICO.

PRODUCT

No beta has been released yet. Overall, the roadmap now looks quite sketchy.

BUSINESS MODEL

The contracts conditions are not given.

FINANCES

The use of proceeds description is not detailed.

TEAM

Not every team member has page on LinkedIn. The team members are located in Detroit, Sydney, Singapore, Fort Collins. Some of the team members do not mention Moonlight as a workplace.

Full analysis
Market

Moonlight is entering the market of online workplaces. This market has a long story and is now being formed for 18 years. One of the largest players here is Upwork - a freelance workplace platform that has a valuation of $1B. Upwork has twelve million registered freelancers with five million registered clients, three million jobs are posted annually. Among similar projects in crypto, one must mention PodOne, GEMS, and Blue Whale. PodOne - was a mediocre product which did not even deliver the tokens to exchange. GEMS token price fall by 80%+ since ICO. This project has been suited by bitVault. Therefore most of the current projects in this field did not gain significant ROI since ICO. Blue Whale recently conducted ICO and received $22.7M; this project has way less experienced team and a worse token economy description.

Product

Moonlight will use the Neo Blockchain to deploy a network of trustless resumes on the Neo Blockchain to anchor the platform’s tools which will initially include a global task match-making service and analytical project management platform. Developers wishing to interface with the ecosystem will have access to the matchmaking algorithm through the public API. Essentially, there will be two main products in the Moonlight system - MarketPlace swimlane and the Project Management swimlane. The product development started in December 2017, according to the project's GitHub. The prototype is expected before the crowdsale in the next 2-3 weeks, Mainnet is expected in Q1 2019. The roadmap is given up to H2 2019 when the public version of Project Management platform will be released. Overall, the roadmap now looks quite sketchy. The product looks way more solid when compared with competitors - PodOne and Blue Whale.

Business model

In Moonlight, issuers create tasks and identify skills that are required for completion. Then, the resolvers place bids and take the tasks, and receive payments in LUX tokens for the completion. Also, organizations can be incentivized with Lux, the Moonlight system token, to audit the tasks of others and can recommend additional skills, improvements to the task definition, and modifications to the value. The project will have three main revenue streams: Remittances (a fee charged on task completion by the system that is proportional to the value of the transaction - now it is expected to be in 2%-5% range), Platform Contracts ( Moonlight will additionally provide subscription products which grant users with unlimited access to the platform and its applications), and Platform as a Service (A product offering will be available to provide hardware and administration of private nets running the Moonlight platform in the case where data security is critical).

Finances

MoonLight aims to raise $21.3M, selling 50% of LUX tokens. Blue Whale - a competitor to MoonLight, recently raised $22.7M. When compared to Blue Whale, Moonlight has a stronger team and better token metrics. In this regard, the valuation of MoonLight seems reasonable. The use of proceeds will be as follows: 11% for core development and advisory budget, 9% for strategic investment, 18% for regular staffing, 20% for task seeding, 12% for business health. Tokens distributed to the community will use a tiered vesting mechanism. The first 250,000 Lux acquired during the token sale will be immediately available for use by the purchaser. After 3 months, any tokens in excess of 250,000 Lux, but less than 5,000,001 Lux will be vested and available for use by the purchaser. Six months after the token sale, any remaining Lux will be vested and available. The token price will be approximately 1 LX = 0.0425 USD (0.00050000 NEO). There will be no bonuses for private sale participants. The team bonus of 10% will be frozen in a smart contract for 24 months. NEO has already invested $1M in the project.

Team

Strong blockchain experience, 3 previously founded City of Zion. According to the company's website, there are 10 people now working at Moonlight. The core team has strong blockchain experience as 3 of the co-founders previously co-founded City of Zion, and all 5 co-founders previously worked together at City of Zion. 9 out of 10 of the team members have a technical background with degrees in technology, computer science, machine learning or related fields. Those team members who give links to GitHub have recent activity there. Tyler Adams and Alan Fong have previosuly created NEP-5 NEO Token Standard. Not every team member has a page on LinkedIn. The team members are located in Detroit, Sydney, Singapore, Fort Collins. Some of the team members do not mention Moonlight as a workplace. Despite this, it seems that the project team is very transparent and will deliver the product.

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