What Is Etherparty?
Etherparty allows users with zero knowledge of smart contract programming to create an enforceable, self-executing digital agreement for all types of transactions.
Template LibraryCreate your own custom contract templates with a guided Contract Wizard to help you along. The user will have the ability to choose from a variety of data-sources, data-oracles, and contract-clauses.
Continuous Security TestingWe security test all Smart Contracts before they are available in the Template Library. We also source security experts who fully audit Solidity code your custom contracts so that there are no surprises after it's launched on the network
Drag and Drop Contract BuilderA sophisticated user interface that uses drag and drop from a side panel toolbar to a contract workspace, allowing the user to visually construct custom contracts.
Fully Managed Etherparty is a fully managed solution that handles everything from creating Smart Contracts, to security testing, launching them on the blockchain, managing the transaction fees, and monitoring tools throughout the entire process.
- Template library Possibility to create own custom contract templates with a guided Contract Wizard. The user will have the ability to choose from a variety of data-sources, data-oracles, and contract-clauses. - Continuous security testing Security testing of all Smart Contracts before they are available in the Template Library. - Drag and drop contract builder A sophisticated user interface that uses drag and drop from a side panel toolbar to a contract workspace, allowing the user to visually construct custom contracts. - Fully managed Etherparty is a fully managed solution that handles everything from creating Smart Contracts, to security testing, launching them on the blockchain, managing the transaction fees, and monitoring tools throughout the entire process.
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Attention. There is a risk that unverified members are not actually members of the team
$69 732 274
$249 871 126
$235 159 546
Opportunities:The project is run by a solid team at Vanbex, a blockchain consultancy company since 2013. Vanbex’s clients include Dash, Aeternity, First Blood, ether.camp, Factom, Storj, etc.The use of smart contract hasn’t even scratched the surface yet. With the development of dApps and blockchains continuing to solve the scalability issue, It is expected that smart contract usage will experience exponential growth in the coming years.Etherparty’s long term goal is to be blockchain agnostic – they can benefit regardless of which blockchain will emerge as the dominant one.Contract templates and library will continue to grow. Eventually, many of the corporate functions can be performed using Etherparty, including voting and ballot box contracts, notary services, multi-signature escrow contracts, family trusts, money manager, crowdfunding, timesharing, real estate sales, and supply chain management.
Concerns:Etherparty is not the only project working on this and it may not be the winner. As mentioned above, projects like Blockcat and Agrello also work on making smart contract easier for non-technical users.If blockchain cannot solve the scalability issue, there may be limited usage of smart contracts.The team needs to test the templates extensively to make sure there is no bugs. If there are any security flaws in their templates, many users could be affected and it would damage Etherparty’s reputation.
Conclusion:Overall, we are neutral about this ICO for its short-term potential but like its long-term potential. Our thoughts of the tokens for short term and long term are as follows:For short-term holdingNeutral. They are raising a total of around $50 million from presale and crowdsale combined. People could pool their funds together to participate in the presale and it would cannibalize the demand for the public crowdsale.If the crowdsale doesn’t reach hard cap by the end of week 1, it is unlikely that people will contribute much afterwards because the conversion rate drops off substantially after week 1.For long-term holdingGood. The potential for the project is very large. If Etherparty can really deliver on its vision, it is going to allow people without coding knowledge to create and execute smart contract at the push of a button.This is going to accelerate the blockchain adoption rate of individuals and companies and at the same time, drive a lot of usage of FUEL tokens.As Vanbex Group, the team behind Etherparty, advises enterprises on blockchain technology and applications, they understand what their clients’ needs are. Therefore, I believe Etherparty has a good chance to succeed.
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