MADANA

MADANA

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Created using Figma

Last Update

Aug 29, 2018

MADANA is the first ever ICO and Sidechain project on the Lisk Blockchain. MADANA stands for an open platform for data analysis, preserving privacy by design. The blockchain-based ecosystem allows anyone to stay in control of their data while monetizing it in an anonymous way. MADANA aims to provide a GDPR compliant way for data processing, enabling new business models for future Apps and Services. German ICO with approval from the Federal Financial Supervisory Authority.
Pre-Sale
Sep 1, 2018
Oct 31, 2018
38% completed
Raised funds - no Data
Goal 44 000 000 USD
Cap 44 000 000 USD
ongoing
  • 1 PAX
    =
    0.58 USD
Token Details
Ticker
PAX
Total supply
100,000,000
Token Distribution
55% - Investors & Community
15% - Partnerships & System Development
15% - Long-term Stabilization
15% - Team & Advisor
Accepted Currencies
ETH, BTC, LSK
Min Contribution
100 EURO
Company Details
Registered Company Name
MADANA UG
Registered Country
Germany
Company Founded
Nov 10, 2017
Bonus Structure
10 % discount for payments in Lisk.
Additional Details
MVP/Prototype
Yes
Platform
Lisk Blockchain
Whitelist
Yes , from Aug 1, 2018 till Oct 31, 2018
KYC
Yes
Restricted Countries
Canada, China, Cuba, Iran, USA, Tanzania, Afghanistan, Ecuador
Categories
Platform, Media, Energy, Entertainment, Health, Retail

About MADANA

Vision of MADANA

MADANA proposes a new data market ecosystem run on multiple smart contracts based on blockchain technology that allows data producers, data analysis buyer and plug-in provider to participate in the data market in a fair, anonymous and privacy-protecting way. The Vision of MADANA is to be the technology in future Apps and dApps, operating systems and IoT devices, which generates passive revenue for the User while also protecting his digital identity.

Visit our website to get a good overview about MADANA and how it works: https://www.madana.io/about.html

 

Technical Info

MADANA is Patent Pending

MADANA makes use of trusted execution environments to conduct the analysis. Raw data is never sold, only insights will be shared with the Data Analysis Buyer. 

Have a look at our technical description in our whitepaper: https://www.madana.io/whitepaper. 

MADANA Roadmap

  • 2018 Febuary - Announcing 1st ICO on the Lisk Blockchain

  • We are convinced of the usability of the Lisk sidechain technology. As the first major ICO on Lisk, we work closely together.
  • 2018 March - Patent pending

  • We think hard work should pay of. Filing a patent is the way to legally protect our idea from being stolen by copycats.
  • 2018 March - Partnership with Capgemini

  • Overcoming legal challenges is hard but necessary to build a sustainable business for the long term. We are officially approved and regulated by the German BaFin.
  • 2018 May - Consensus Conference

  • We presented MADANA at the Consensus NYC me with blockchain pioneers and early bitcoin investors such as Tim Draper.
  • Read More
  • 2018 August – Tokenomics Paper

  • Read what the PAX token does, understand why we need the blockchain and get a holistic view of our Token Economy.
  • 2018 Q3 – Whitelisting and Presale

  • For investing, a KYC process is legally required. Afterwards, we will provide you with a referral link to get rewarded when you invite your friends.
    The presale will be limited to a certain minimum investment and enable a limited number of businesses and investors to get in.
  • 2018 Q3 - MADANA Community Hub

  • We are developing a WebApp for our Community. The Community Hub is the first iteration of a future home for our ecosystem participants.
  • 2019 Q1 - Pilot project with B2B partners

  • To showcase the MADANA platform, we will start developing a pilot project after the ICO.
  • 2019 Q1 – Public Main Sale

  • When you missed the Pre-Sale, you can invest in MADANA during the upcoming PAX main sale. We accept LSK, BTC and ETH.

Activity

Status:
Sr. Member
HIGH
Activity:
371
HIGH
Merit:
250
HIGH
Posts:
112
LOW
Views:
1 159
LOW
Posts:
181
MEDIUM
Followers:
629
LOW
Likes:
611
LOW
Followers:
1 774
LOW
Tweets:
261
MEDIUM
Fake Users Detected:
2.54%
Members:
972
LOW
Bounty & Airdrop Users Detected:
15.93%
Investors Detected:
7.61%
Alexa
Rank:
1 252 279
VERY LOW
Delta:
-2 262 316

Materials

Team

Verified 73%

Attention. There is a risk that unverified members are not actually members of the team

CEO & Co-founder
verified
COO & Co-Founder
verified
CTO & Co-Founder
verified
Head of Marketing
verified
Head of Development
verified
Community Manager
verified
Strategy & Marketing
unverified
Strategy & Organization
verified
Business Development
verified
Business Development
unverified
Eduard Tucholke
Visual Designer
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

2 ICOs

$14 790 679

Advisor
unverified
Steffen Hauptmann
Advisor
unverified

Former members

Head of Data Science

MADANA Interviews

Christian Junger
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Experienced blockchain entrepreneur. Studied Finance and Entrepreneurship. Co-founded the Bitcoin Aachen Meetup in 2013. Early Lisk supporter. Great net worker and business strategist.
Dieter Schule
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As COO & Co-Founder my main responsibility is to make sure, that all MADANA departments and its processes work smoothly together. Thus, goals are being achieved on time. Besides that continuously developing the business regarding projects and partners.
J.-Fabian Wenisch
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As CTO & Co-Founder, my main responsibilities are to build up and optimize a technical vision and business strategy. I’m responsible for the selection of platforms, technologies and the technical design in general. I always keep the big picture in mind and provide options for the further development of the company. As CTO in a tech startup, I’m not only focused on scientific and technological issues but I also manage the IT infrastructure, Roadmaps & Deadlines and the delegation of Tasks. I ’m the Head of the software development process and like „getting my hands dirty“ and code alongside our fellow developers.

I have always been a privacy concerned person and have dealt intensively with a wide variety of technologies in this field. So what's better than developing a product that's is protecting the data and privacy of everyone and let them also earn money by doing so?
Julian Schiemann
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Minimalist with great attention to detail. Into creative Marketing and Usability Design. Not a full-time planner, but rather a collaborative doer. Blockchain enthusiast, Lisk supporter, open-minded entrepreneur. Interested in Y Combinator Projects, Technology Startups & privacy preserving tech.

MADANA protects your privacy and makes your data work for you. Using blockchain-technology, we create a decentralized pool of information to benefit all participants. We don't sell data – we share insights.

As Head of Marketing I have a wide variety of tasks:
- Leading and encouraging a diverse Marketing team
- Establishing new tools & creating efficient workflows
- Optimizing Social Media Channels and their messaging
- Enhancing Branding and CI
- Developing a suitable Marketing Strategy
- Telling a cohesive and compelling story
- Defining target groups
- Reaching the right people
- Explaining what we do and why it is relevant to our target groups.
- Connecting to Press and PR Contacts
- Advising for Targeted Online Marketing
- Building a compelling Online Presence / Website
- Evaluating decisions based on different standpoints
Nicolas Pettican
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My role is to lead the development of a bespoke and innovative software product at MADANA. Responsibilities include team leadership, software development, DevOps, project management, business development support, innovation and research and development.
Eugen Salkutzan
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
MADANA is reshaping the way we look at data. Personal data control and privacy will become even more relevant in the future than it is today. As a community manager, it is my duty to inspire and educate everyone about our vision and the importance of our work.
Stefan Lockowandt
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm Stefan Lockowandt and responsible for Organization and Strategy.
I support the management board in strategic questions, such as partnering or whitepapers, and I also carry out delegated tasks for them.
Martin Picard
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Business Development and Marketing. Looking forward to bring our vision into reality

Last News

4.04
positive
5.0 17
ICO Profile Vision Activity Potential Product Team

MADANA Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

MADANA

Madana is an open data analysis platform that empowers everyone to participate in the data market with their own data as they simultaneously preserve their privacy. Being a blockchain-based ecosystem, MADANA allows everyone to remain in control of their data as they monetize it anonymously. It provides a GDPR (General Data Protection Regulation) compliant means of data processing.

PROS

  1. MADAN allows data producers to publish all forms of data to the ecosystem thus participating in the data market and monetize their data without compromising their privacy
  2. The platform token (PAX token) enables everyone to purchase data analysis results from a centralized pool of information fairly rewarding all stakeholders for their contribution.
  3. It rewards data owners directly through the underlying smart contract and as such eliminates middlemen and third parties.
  4. MADANA utilizes modern technologies and intelligently blends them into a new platform that enables different apps and scenarios in data-driven industries.
  5. It gives small enterprises (who currently have limited or no access) access to the data market enabling them to buy specific analysis results to take their businesses to the next level.
  6. The ecosystem adopts a long-term oriented approach and incorporates key partnerships in conventional industries and consulting firms for technological differentiation.
  7. The whitepaper besides using simple language that is easy to understand presents the concept in a clear and logical way.

CONS

  1. There is no mention of the team members in the whitepaper.
  2. The platform does not categorically state whether the system token is compatible with fiat currency.
  3. The platform does not clearly outline how it intends to source funds, the amounts it expects to get and how the same will be utilized.

SUGGESTIONS

  1. A list of team members complete with the description of their suitability for the various positions should be included in the whitepaper.
  2. The whitepaper should categorically state if PAX token is compatible with fiat currency and give the exchange rate.
  3. The concept appears to still need some polishing especially around fund sourcing and the planned distribution of the proceeds.

NOTE:

MADANA is a great concept with a potential to gain traction. However, the absence of finer details may deter potential clients. I would want to be part of a platform that has clear roadmap (with figures) on how to source and eventually use funds. So, I will not invest in it as it is.

Read More
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