OneLedger: A Future Blockchain Cross-chain

Investing into an ICO is time and money consuming, and before investing, one just wants to break it down and look at the core mechanics using detailed information from whitepaper or representative talks, presentations, and interviews on social media. As an investor, I just like to study at the core mechanics and fundamentals behind the ICO project. One can start by investigating the token economics, like project hard cap, deal with unsold tokens, how many tokens are to be sold to people in the pre-sale and the privat-sale. These are all questions that should be at the forefront of investor mind before investing in an ICO. One can then analyze the company profile and team behind the project like whether the team has got the grit and potential to follow through and execute upon the vision that is outlined in the white paper. Finally, one can try to explore the amount of marketing awareness and hype in the crypto space for that ICO project. There is no expected growth of the project if people are not already talking about the project on available sources.

The ICO, I am optimistic about is “OneLedger” which wants to create an agnostic protocol that allows businesses to use an API to connect and interact with the one ledger blockchain. So, it basically wants to do a very similar thing to another ICO like Block collider, such as a cross chain development.

If you look at the positive from OneLedger, we can actually see the current blockchain protocols suffer from a host of scalability problems like crypto kitties on the Etherium network being one of the public examples. OneLedger wants to foster interoperability between existing blockchains. The OneLedger blockchain provides an off chain solution from any main chain offloading it onto the OneLedger sidechain. Finally if successfully developed, OneLedger will actually accelerate blockchain adoption by giving businesses a uniform set of tools and services that other chains like Arc, Eon, Icon or else don’t currently offer.

Token economics also seems promising to me. Its hard cap is set at $15M is going to have a 100M token supply. 35% tokens are going to be sold in the crowd sale. Out of the 15M hard cap, 6M is actually going to be sold to the private sell investors and 3M is going to be sold to pre-sell investors. Also, private sell investors receive a bonus of 20–25%.

Overall, I am quite confident on this project but there are two limitations to be aware of. The first problem I noticed is that there are question marks over the OneLedger team commitment to project with the CTO and head of the business development all occupying additional roles in other companies. How are they going to compete with industry heavyweights like Icon or EOS, is not much clear to me. And the second limitation is that the CTO has a wealth of managerial experience, and head of business development is an expert in technology and blockchain architecture. Infect both members would be better suited if they actually swapped their roles. I don’t really know why they allocated those positions to those team member.

But other than that, everything regarding OneLedger like token economics, project concept, team and advisers, all looks legitimate, and I do think a 15M market cap is very low indeed. So, we could see a definite hype now and in the future. In-nutshell, OneLedger is a quite good project to get into, and for token economics point of view, I am very optimistic for this project as a whole.