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Nousplatofrm

Nousprotocol will allow the swift formation of all types of investment funds to manage blockchain assets. Subscriber funds will be equipped with a complete set of required tools to manage portfolios with full accountability and transparency. Investors will use Nousprotocol to conduct transactions for acquisition or disposition of the fund equity interests

Rating: 3.2

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

Detailed review

Stage of product development
Currently the product is not available to test, there is no public beta and no information if MVP is ready. Launch of beta version of the Nousplatform in Ethereum Testnet and initial testing and launching pilot investment funds with existing partners is planned for March-May 2018.


Token description
ICO date
TBA
Token price
Pre-ICO: 1 ETH = 1000 NSS
1 Week: 1 ETH = 800 NSS
2 Week: 1 ETH = 780 NSS
3 Week: 1 ETH = 750 NSS
4 Week: 1 ETH = 700 NSS
Platform
Ethereum
Hard cap
25000000
Capitalization of token pool
25000000
Blockchain
Ethereum ERC-20
Token distribution date
N/A
Consensus method
Proof-Of-Stake
Escrow
Nous Escrow is a smart contract, which is responsible for creating snapshots of portfolio balances, assigning a trust level to the fund, among other functions. Nous Escrow is an internally generated and trusted service that has permission to carry out certain actions with a fund’s smart contract.
ICO currencies
ETH
Bounty camping
https://bitcointalk.org/index.php?topic=2236656.0
Markets
N/A
Token functions
NSU Tokens serve as the main Utility Token for the transactions between investors and the investment funds. An algorithm for all the settlements is based on NSU tokens.
Tokens distribution
Will Be Retained by the Nousplatform and distributed among founders, employees, advisors and service providers (80.0%)
Sold to investors during ICO (20.0%)
Risks
MARKET

There are already several projects aiming to create tokenization protocols, which already raised money. For instance, BankEx which creates PoA protocol to tokenize different types of assets, already raised 70M USD and is about to launch asset-backed exchange. The regulation behind investment funds might be a significant barrier to growth for Nousplatform.

PRODUCT

Facebook page seems pumped. There are 26K+ likes, while the average activity for the other social networks is no more than 3K. As Nousplatform will provide its services to investment funds, the legal framework for establishing Nousplatform is one of the most critical aspects of the business. Currently the product is not available to test, there is no public beta and no information if MVP is ready.

BUSINESS MODEL

The model might be unsuccesful if not compliant with the current investment funds regulations.

FINANCES

The amount of kept tokens - 80% - is high. Nousplatform may have high levels of complicance risk in case all the requirements of Regulation D of the United States Securities Act will not be followed. The expenses distribution is not given in a detailed manner. Hard Cap is above the median values for comparable companies. The rationale behind issuing two types of tokens is not clear.

TEAM

The CEO of Nousplatform was only selected in January and is still employed at his previous job. The core team is spread around the globe and is not fully operates from Edinburgh - the city where Nousplatform is registered. Blockchain developer of the product is not employed by Nousplatform, according to his LinkedIn profile. The technical part of the team does not have strong expereince. The front-end developer is majored in education and does not have prior relevant development experience. The experience of several developers of Nousplatform cannot be verified via Linkedin.

Full analysis
Market

According to research published by Boston Consulting Group, global assets under management (AuM) placed with traditional managers in 2016 grew by 7%, to 69.1 trillion dollars. The marketplace for the Nousplatform and Protocol is diverse and potentially large in volume. For example, BlackRock, Inc. alone manages $5.5 trillion in assets. As everybody knows, there are many hedge funds, banks, institutional investors, private investment funds, family trusts, venture capital funds and many more investing entities. At some point a plurality of these entities will implement blockchain technology; it is a promising method to limit liability and increase profitability by overcoming major obstacles. Yet today, the ratio of tokenized assets to traditional assets remains miniscule. However, there are already several projects aiming to create tokenization protocols, which already raised money. For instance, BankEx which creates PoA protocol to tokenize different types of assets, already raised 70M USD and is about to launch asset-backed exchange. The regulation behind investment funds might be a significant barrier to growth for Nousplatform.

Product

Currently the product is not available to test, there is no public beta and no information if MVP is ready. The launch of beta version of the Nousplatform in Ethereum Testnet anticipated in March-May 2018 Nousplatform aims to create a platfrom which will connect funds and investros. Fund managers operating on the platform will receive a complete set of technology tools for managing their funds and interacting with investors. By using the Nousplatform, an investor will be able to invest in any resident fund at any time by purchasing equity shares with NSU utility tokens. At the first stage of development, the Nousplatform will support five types of funds: 1. Open-ended Investment Funds 2. Closed-ended Investment Funds 3. Venture Capital Funds 4. Charitable Funds 5. Family Trust Funds

Business model

Nousplatform will allow businesses to tokenize existing assets and utilize the ecosystem as a launching pad. In return, Nousplatform will acquire shares of companies that utilize the platform and will participate pro-rata in the profits derived from the subscriber companies’ activities. Nousplatform will then endeavor to distribute these profits as a dividends to the Nousplatform NSS token holders. Additional income opportunities may come from the following: 1. Fees and income associated with startup launch and support 2. Real estate acquisitions, development, sales and rental 3. Acquisitions of the shares of companies in tangible segments of the economy 4. Fees and income associated with launch of funds

Finances

Nousplatform will issue two types of tokens: NSU and NSS. NSS tokens will be used as security tokens: All Nousplatform shareholders, including NSS token holders, will be able to participate in dividends declared by the company, payable out of retained earnings derived from profits generated by all acquisitions, successful startup launches, successful joint ventures and any other profits of Nousplatform. NSS tokens will be restricted against distribution by their initial purchaser for a period of 12 months from the closing date of the sale of all NSS tokens. The NSU Token is a utility token are being designed as in-platform currency to establish enhanced functionality of the Nousplatform. Only accredited investors will be able to participate in ICO, as established by AML and KYC documentation. All NSS tokens will be restricted against transfer for a period of one year after the sale of all NSS tokens. The NSS tokens will not be available for sale on any exchange and will not be transferable to any person or legal entity other than permitted transfers to legal representatives or for estate planning purposes. All NSU tokens retained by Nousplatform will vest over time. None of the retained NSU tokens will vest over the first 4 months following their issuance; thereafter 5% of the retained NSU tokens will vest per month for a period of 20 months. The total vesting period is 24 months. The expenses distribution is not given in a detailed manner.

Team

Overall, the experience of the team is weak in terms of the technical side of the product. The CEO of Nousplatform was only selected in January and is still employed at his previous job. The core team is spread around the globe and is not fully operates from Edinburgh - the city where Nousplatform is registered. Blockchain developer of the product is not employed by Nousplatform, according to his LinkedIn profile. The technical part of the team does not have strong expereince. The front-end developer is majored in education and does not have prior relevant development experience. The experience of several developers of Nousplatform cannot be verified via Linkedin.

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