The Internet has connected us, but has yet to unlock our common potential. We all know valuable information about each other: our capabilities, skills, interests and dreams. If we can only harness our collective talents, we can achieve anything together. We are building a novel decentralized protocol for incentive markets, to enable us to collaborate more efficiently and allow us to own the value of our networks.
Attention. There is a risk that unverified members are not actually members of the team
Advantages.1. Distributed Internet. Their introduction "We invite you to connect with us and support our mission to build a fairer and freer decentralized internet!"2. A strong team from Stanford University, from a global company3. Strong supporters: metastable, Sequoia, naval ravissant etcA complementary point1. No specific schedule or token has been published yet.2. Similar projects are emerging.
Market Competitive environment:There are some projects in the blockchain industry that provides incentivisation for the users for creating, curating, and sharing a content (Steemit, Golos, DTube, etc.), but none of them is concentrated on the providing a protocol for beyond that activities and they doesn’t provide creation of own incentivisation programs.
Technological advantages:Project is based on the MIT research “Red Balloons”;Incentivisation networks can be built on top of the nCent protocol potentially can cover all services of the internet of today;Users can create their own incentivisation programs and form network of them.
SOCIAL ACTIVITYThe project popularity in the social networks and discussion forumsThe project is detected on the radar of the influencer ICO Pantera.Twitter: 2,2k followers, average number of likes per post is 6, average number of retweets per post is 5, average number of comments under the post is __, user activity is 0.Medium: 111 followers, the average number of likes per post is 30 without any discussion in the comment section, user activity is low.Telegram: 20,9k members, admins on the Telegram-channel are responding quickly, user activity is high.
Strength and Opportunities:The portfolio of nCent investors is very impressive. Among them are Sequoia, one of the leading Silicon Valley VCs, Naval Ravikant, the founder of AngelList, and the Winklevoss twins.The nCent team has a strong collective educational and academic background and is well connected with the Silicon Valley innovation hub. The potential opportunities for applications that can be built on top of the nCent protocol are huge. One of the obvious use cases that is also highlighted by nCent is the recruitment sector. Further use cases are as broad as search for people, products or items. These are all domains that are currently dominated by the world largest internet conglomerates such as Google, Amazon, Facebook and Microsoft (in the case of Microsoft through LinkedIn in particular) and represent a multi-billion USD market.Weaknesses and Threats:nCent is claiming that it is outperforming established cryptocurrencies such as Bitcoin and Ethereum in terms of processing speed, scalability, secure scripting and other dimensions. The truth is that while nCent is building its protocol the big established cryptocurrencies are constantly working to improve on these points mentioned and may provide significantly better features in the not so distant future when nCent launches. It is not fair to compare the future state of the nCent protocol with the current state of Bitcoin and Ethereum. Incentivizing the spreading of commercial information may lead to an even higher amount of spam. Imagine a social network on top of nCent where people are trying to spread the word about a theater that is taking place in a city. Other users may get a lot of these commercial posts in their feed and eventually may decrease their usage of such a social network compared to other social networks like Facebook where such incentives do not exist. nCent did not yet publish a detailed technical white paper, a development road map and a plan for the token economics of the nCent platform. This provides a significant risk and clarification on these points will be needed in the near future.Verdict:A strong team, world leading investors and a great idea with a multi-billion market potential make nCent one of the hottest blockchain projects in 2018. If nCent would not deliver a successful ICO it will be a disappointment, given the current prestige of the project. Long term success of the project will depend on the execution of the development road map and the market adoption that nCent can
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