Apr 2, 2018
Sentinel Protocol leverages the blockchain technology to optimize system availability and integrity while also utilizes the consensus and incentive scheme to share collective security intelligence. Its decentralized Threat Reputation Database (TRDB) is provided on public blockchain for crypto exchanges, payments and wallet services so that the value of stolen currencies can be incapacitated.
Distributed Threat Reputation Database (TRDB)
S-Wallet powered by Machine Learning
Attention. There is a risk that unverified members are not actually members of the team
Currently there is no incentives for cybersecurity experts to share information with each other. The product is not ready now. The product value highly depends on cybersecurity experts.
The biggest risk – cooperation with exchanges. If most part of exchanges does not implement this protocol, it will have small value. Indirect way of compensation could be unattractive for cybersecurity experts. Absolutely no information about finances now. Revenue streams are not clear.
Team is located in different countries – South Korea, Japan, Singapore and USA. Team has just been formed. There is no evidence that prove their efficiency.
Overall, we are neutral about the flipping potential of this ICO but like its long-term potential. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:For flipping: Neutral. Sentinel Project has drawn a lot of market awareness because it is one of the first ICOs on the ICON blockchain. However, also because it is one of the first, the timeline of token issuance and listing on exchange is uncertain and is dependent on the development schedule of ICON. For long-term holding: Good. Sentinel Protocol is one of the projects that we believe can move cryptocurrency as a whole forward – because of the immutable nature of blockchain, security is paramount. The project can be thought of as the cryptocurrency-equivalent of the anti-virus industry for personal computers. It can deter hacking as hackers would face difficulties moving funds around.
16-Apr: Alexei: We are planning to participate, but community members opinions on project are divided.Sergey: I like the project, the idea(value) is not clear, but team, funds support and metrics - everything checks out.27-Apr. Alexey: Our team opinions are divided. Some people like it, some don`t.Andrey: It is medium, like with Dock.Io I will decide closer to sale.14-May. Alexey: I like the project. I have participated in the pre-sale and have plans to participate in crowd sale.23-May. Ivan: I have participated in pre-sale and will participate in the crowdsale.30-May. Alexey:The pre-sale and main sale were fast. Pre-sale has closed in 7 seconds. Sergey:The main mistake is that personal cap was too high (300eth).
The crypto community recently received a harsh wake-up call with the hack of a high-profile crypto influencer. The Founder of Sentinel Protocol, a cyber security expert himself, was also the victim of a hack resulting in the loss of thousands of ETH. His experience is what ultimately lead to the birth of this project.It’s beyond doubt a comprehensive security protocol is essential for the cryptospace, and the team of cyber security experts behind Sentinel Protocol are building one potential solution that could very well meet this need. With a product to develop and an ecosystem to grow, Sentinel Protocol still have a ways to go.Nonetheless, the strength of the team, community support and partnerships to date are all indicators of strong potential. We rate the Sentinel Protocol ICO in our Top 10%.
I mean this seems like a strong team. They still wouldn't be an all-star ICO, the advisor team could be stronger. Because of that, I'm gonna have to pass on Sentinel Protocol. Even with the current hype, it's not an all-star. I have to pass on it.
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