dock.io is a decentralized data exchange protocol allowing you to connect all of your profiles, reputations and experiences across the web with privacy and security.
Dock.io is a decentralized data exchange protocol that lets people connect their profiles, reputations and experiences across the web with privacy and security.
Nov 2017 Public
Jan 1, 2018
Feb 21, 2018
Early Q2 2018
Attention. There is a risk that unverified members are not actually members of the team
Opportunities:DOCK tokens should have quick adoption from DOCK’s partnerships with Remote.com and other companies that have lots of users (tens of millions according to the company).The project is backed by a strong team that has previous entrepreneurial success in relevant area (recruitment and outsourcing).The Alpha is easy to set up, functions well, with a slick user interface.There is a burning mechanism of tokens, so token supply will decrease over time. Negative inflation is good for token valuation.The project has attracted various venture capital investors, meaning that it has passed the scrutiny of those institutional investors.
Concerns:The Dock Protocol represents a two-sided market (applications and users). If the protocol cannot attract users from both sides quickly, the network effect would be diminished.The key team members are working on both Dock.io and Remote.com. Although the two ventures have synergies, it is unclear how the team members will allocate their time.
Conclusion:Overall, we like both the short- and long-term potential this ICO. Our thoughts of the tokens for short term and long term are as follows:For short-term holding:Good. We believe the idea, team, development progress, token metrics with whale protection mechanism, and market awareness are all above average.For long-term holding:Good. We like the idea of users taking control of their own data. This is one of the key benefits of a decentralized system over the centralized counterpart.Although the idea of the project is somewhat niche in the professional industry, we believe that the team is very well-equipped to execute the vision of the project and bring the project to success.
SummaryIn today’s fast-paced world where people’s personal information is all over the place and unsecured, and there are entire city blocks of wasted data, Dock provides a great solution. Their system would revolutionize the way that we look at personal security and data trading.In addition to what they plan to do, they already have a fully-functional user application which you can sign up for today. It’s user-base increases daily, which speaks well for the popularity of the token once it hits exchanges. This is definitely one of the token sales that you need to look out for this year!Positives Personal Security: Dock gives their users a secure location to store all of their data in. This is very important in today’s high-tech world. Innovative Product: Dock is seeking to solve the problem of wasted data. Already Launched Application: Dock already has a fully-functional application that allows users to secure all of their information. Negatives Chinese Investors Banned: This could prevent the token from immediately blowing up, but is necessary to prevent an unscalable pump.
The market of professional networks looks quite fragmented and established, that is why it is unclear if dock.io will be able to gather all the users from different platforms in one place. The motivation for users to switch from their current professional network platforms to dock.io is unclear.
The platform will run on Ethereum Blockchain and will need a relatively high transaction throughput to operate with such a large number of users and applications. That is why, there are potential scaling problems. Some of the alpha version elements (for instance, importing data from LinkedIn page) were copied from Remote.com interface. Also, the bounty campaign of the platform looks too generous. The team gives tokens for a very simple task, such as following the company's pages on social networks.
The users may not be interested in sharing their personal data without getting any reward in return. It is not clear how the platform will make money.
The Use of Funds is not given in a detailed way and there is no financial plan for anticipated expenditures. The team aims to raise 30M USD by selling 30% of tokens. This gives company's valuation around 100M USD. This figure is way above the post-money valuation of comparable startups on the US market, according to PitchBook data.
However, the core team of Dock is currently involved in another related but still different project - Remote.com.
In general, the project looks quite strong from both short-term and long-term perspective. What we’d emphasize as project advantages is a good idea, a solid team, an alpha version of the app, and partnerships with companies from the same professional sphere which can stimulate a quick adoption by attracting millions of their users. Consider one more thing to pay attention to. The project has venture capital investors, and if so, the project was already thoroughly investigated and approved before making the investment decision. From the other side, we should mention that the idea is quite small-scale and narrow, and to turn it into life, the team must awake interest in both applications and users.If you want your professional data to belong to you only, to keep it up-to-date on all online platforms, and therefore to stop losing your professional opportunities, dock.io is here to help.
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