Wireline has direct competitors in the market of application infrastructure services with working products, such as Readz, woopie, and Zmags. There are a couple of blockchain projects also aiming to build decentralized micro-services infrastructure - DADI and Golem which already raised funds and have their tokens traded on exchanges.
Admins of the telegram chat are not active. There are messages on Bitcointalk thread saying that the project is dead, the activity stopped in January 2018. It is not clear if the project can attract a large enough sub-sector of the global open-source developer community to make the project a success. As of March 15, the companies website says that "Wireline is in developer preview". Any further information about the product development is not clear.
Post-money valuation will be around 300M USD which is a tremendously high number and is way above the comparable companies The amount of tokens held by the foundation is high and may cause a massive sell off by the team, which will cause fast devaluation of tokens The description of anticipated expenditures is quite broad and not specified.
According to some of the team members Linkedin profiles, they are not employed at Wireline.io
The Microservice Architecture market is expected to reach $32.01 billion by 2023, growing at a CAGR of around 16.17% during the forecast period MSA is widely being adopted across diverse set of industries for the development of the software that includes public works, public safety, and utility companies. An increase in the adoption of the cloud-based SaaS providers in the enterprise business functionality has propelled the need to integrate the multiple application providers and services to support the enterprise. In addition, as the MSA functions on smaller and simpler services, growth in the cloud adoption is one of the key driving factors for the MSA market. Wireline has direct competitors in the market of application infrastructure services with working products, such as Readz, woopie, and Zmags. Blockchain in API economy is on its rise and will reach plateau in the next 2-5 years, according to Gartner. Also, there are a couple of blockchain projects also aiming to build decentralized micro-services infrastructure - DADI and Golem. DADI raised 29M USD in January during its public sale and the tokens are now trading around the listing price. Golem raised 8M USD during its public sale and the tokens are now traded on several exchanges.
Wireline is developing a marketplace where open source developers can develop cloud-based microservices that businesses are then able to find, test, and integrate into their legacy systems. Wireline will also host and operate these services to make it as easy as possible for businesses to utilize them. Furthermore, Wireline aims to provide open source developers with a new income stream as they are directly financially rewarded for the code they contribute. As of March 15, the companies website says that "Wireline is in developer preview". Any further information about the product development is not clear.
Agents within the ecosystem will use tokens in different ways. Fundamentally, customers will use tokens to pay for usage of services, and for developer effort (custom development, support, training, etc.). Developers receive tokens as compensation, but will also use tokens for the use of other services. In the Wireline marketplace, developers will publish ‘wires’, which are building blocks of code that can be used in connection with larger apps. For any components that are useful and popular, developers are then financially rewarded using the WRL token. Businesses, on the other hand, can use the WRL token to purchase microservices on the app marketplace.
During the Wireline token sale, 100 percent of all WRL tokens will be issued. The Wireline Developer Fund (WDF) will mint a total of three billion WRL tokens at a rate of $1 per 10 WRL tokens. To fund the WDF, 200,000 WRL tokens will be sold during the token sale if the funding target of $20 million is to be met. Any unsold WRL tokens will be kept by the Wireline Developer Fund and will be disbursed in the form of a scheduled release of 2.5 percent per quarter. These funds are intended for “developer evangelism, open-source software grants, and ecosystem development by the Wireline Developer Community,” according to the whitepaper. Furthermore, the whitepaper notes: “Employees, founders, and advisors incentivized by a token vesting schedule of four years with a one year cliff (no tokens distributed until first anniversary). Two percent of issued tokens will be allocated to the team token pool. Any tokens not disbursed from the token pool will remain for future hires.“
The Wireline founding team is composed of a series of experienced developers coming from companies such as Google, Netscape, and Amazon. The team is run by CEO Lucas Geiger who previously founded data analytics firm KeyScores. He is joined by CTO Rich Burdon is a tech entrepreneur and a former Google engineer, and by software engineer John Merrells, who has previously worked at Sencha, Cuil, and Netscape. Other team members include Massimo di Pierro, a data scientist, and a professor at DePaul University in Chicago, and Shehab Hamad, who works on the product development side and has previously worked at Amazon in a similar role. They are joined by Andy Madsen, an integration services engineer, Jeremy Dillworth, a full stack architect, Nathan Morris, a platform engineer, and Doug Miller, the company’s community manager.