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We see a world where you feel safe opening a link. We envision our solution, known as the MetaCert Protocol as an additional layer to the Internet Protocol Stack. It can sit between the Internet and the Web or it can be integrated within hardware or software that sits on top of the Internet.
It's impossible for a single cyber security company to scale the submission and validation of domain name ownership and other Uniform Resource Identifiers (URIs) such as bots, wallet addresses, apps, and social media accounts across the entire Web. Existing crowdsourced trust and reputation initiatives for the Web haven't been successful, and we need participation from the community to help trust and reputation become ubiquitous.
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Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
MetaCert Protocol is attempting to pivot the existing centralized version onto the Blockchain in order to make it decentralized and create a token economy. The centralized version is successful in the market, which underlines that there is demand for such a product. Moreover, existing customers will be moved onto the new decentralized protocol in order to accelerate growth, which is highly advantageous for the project. So far, there are few competitors in this niche of the cryptosphere, which means the project will be very lucrative if it is successful.
A challenge with bringing a centralized solution onto the Blockchain with a token is to develop a proper sustainable token ecosystem. Unfortunately, we believe that MetaCert did not do well in this regard. The META token as is can be a means of payment or has the utility of being staked in return for rewards. In our opinion, these two functionalities can be easily achieved by using mainstream cryptocurrencies such as Bitcoin or Ethereum. Therefore, we do not see the need for an individual token here besides for fundraising purposes.
The team itself has a lot of expertise and brings strong advisors to the table. However, the team was unable to deliver their testnet beta in time, so we question how realistic a mainnet release by December 2018 really is.
With regard to the token sale, we find the valuation to be reasonable and praise the team for being fully transparent about prior investment rounds. The fact that the seed round received a discount of 41.67%, and the other tier a 25% discount, is partly made up again by the vesting periods. However, we still dislike these large discounts, even more under consideration of the fact that seed round might have happened at a much higher Bitcoin to Dollar ratio, whereas right now we are rather at the bottom. When considering how poorly the current ICOs are performing, we think there may be other more successful projects on the market
