- Uranus is not the first ICO for cloud computing. Recently, ANKR and DeepCloud AI conducted ICOs for the projects in the same field.
- There are several existing blockchain projects for cloud-computing that include iExec, Golem, and SONM.
- Overall, the whitepaper was written in a fairly complicated way which confuses the underlying technology understanding.
- The roadmap is very sketchy and the stages of development are not clearly stated.
- The start of the product development is unclear.
- There is now little information about the tokenomics of the project and the value added of the token is unclear.
- The expected fee levels are not given.
- The company valuation at 35M USD seems too high.
- The registered patent's name is not given.
Cloud platforms are enabling complex business models and orchestration of larger globally integrated networks surpassing all prior predictions by analysts.
Leading market research organizations are revising their estimates for cloud usage/growth as they see more utility for new applications, along with higher than expected adoption by mid-tier and small and medium enterprises (SME).
Cloud computing expenditure is growing at 4.5 times the rate of IT spending since 2009 and is expected to grow at more than 6 times the rate of IT spending from 2015 through 2020. Gartner's prediction for Cloud Computing Market expects an increase from USD 67 billion in 2015 to USD 162 billion in 2020 attaining a CAGR of 19%.
Uranus has several competitors in the crypto sphere which include iExec, SONM, and Golem. iExec raised $12M, Golem raised $8M, SONM - $42M. Now, the market cap of iExec is $126M, Golem has a cap of ~$483M, SONM ~$67M, ANKR aims to raise $16M, Deep Cloud AI aims to raise $15M.
Uranus aims to build a cloud computing platform. The platform will be a supercomputer that can accumulate, process and redistribute redundant computing power. The system will also include so-called "distributed containers" that will allow connecting to the existing blockchains and using Uranus dApss. Mainly, there will be two blockchain layers in the system: Service Delivery Layer (a fast, computing cloud) and Value Delivery Layer a.k.a. Uranus Chain (blockchain with smart contracts, based on a DPoS + BFT consensus). The clients will provide their computing power to the Service Delivery Layer which will set contributions based on the Proof of Contribution consensus. Overall, the whitepaper was written in a fairly complicated way which confuses the underlying technology understanding.
The project was founded around November 2017. It is unclear when the product development had been started. The closed beta test completion is planned for Q3 2018. The release of several commercial versions of the product is expected in Q4 2018 - Q1 2019. The roadmap is very sketchy, and the stages of development are not clearly stated.
GitHub was created a couple of months ago. The GitHub activity was recently very high, and lots of commits were made during the last week. The languages used are Go, C++, Python, and Java.
The tokens will be used to pay for the platform services, DPoS stakes, and payments for the computing power providers. There is now little information about the tokenomics of the project and the value added of the token is unclear.
Uranus aims to collect 35000 ETH selling 30% of the tokens. Thus the company valuation will be around 116000 ETH which is approximately 35M USD (if 1 ETH = 300 USD).
For comparison, let us have a look at the financial metrics of the similar ICOs. iExec raised $12M, Golem raised $8M, SONM - $42M. Now, the market cap of iExec is $126M, Golem has a cap of ~$483M, SONM ~$67M, ANKR aims to raise $16M, Deep Cloud AI aims to raise $15M.
There are 20+ team members, according to the company's linkedin.
According to the company's website, CEO of Uranus previously worked as an executive at ZTE Subsidiary and then at a private cloud-computing company as CEO. It is claimed that he registered six patents in the USA, however, the names or numbers of these patents are not given.
The team includes 11 software developers with expertise in distributed systems, cloud computing, Big Data, AI, Linux engineering.
There are 11 advisors on board. The advisor's experience includes Google, IBM, Cisco, Huawei, and other less famous IT companies. One of the advisors (Sheng Liang) confirmed his relation to Uranus.