Tezos is designed to power the Web3 revolution.The future of the internet is being built on Tezos–with user participation and governance at its core. Users can directly and frictionlessly interface with each other over a decentralized network, exchanging value and interacting with various applications, without the need for intermediaries. On Tezos, Web3 can be a truly user-governed and user-centric movement, the way it was meant to be.
Institutional Grade Security.Tezos is designed to provide the safety and code correctness required for assets and other high value use cases at both the protocol and application layers by leveraging languages OCaml and Michelson, which facilitate formal verification, a practice commonly used in mission-critical industries. The future of Web3 can be secure on Tezos.
Governance by the People.The Tezos platform was built with mechanisms to ensure active community governance and participation–a key component of Web3. Users can actively participate by evaluating, proposing, or approving amendments to Tezos. This empowers the type of collaborative innovation that keeps Tezos on the bleeding edge of technology, and it’s why Tezos is best positioned to underpin the Web3 revolution.
An Energy-Efficient Algorithm.Unlike Proof-of-Work blockchains like Bitcoin or Ethereum, Tezos’ Proof-of-Stake requires significantly less energy and cost to operate, making it an ideal alternative platform for building blockchain applications that are eco-friendly. As the Web3 movement gains in adoption, scaling responsibly requires a more energy-efficient approach. Tezos delivers on this today.
Smarter Smart Contracts.Tezos is one of the leading smart contracts Proof of Stake blockchains. Tezos smart contracts can use formal verification, allowing them to be mathematically verified, reliable, and secure.
Seamlessly, Forklessly, Endlessly Upgradeable.Tezos is built to adjust, adapt, and add features and functionality through its proven on-chain upgrade mechanism.
Powerfully Scalable.Tezos is built to remain state-of-the-art. Its modular architecture and formal upgrade mechanism minimizes disruptions while offering regular upgradability and enhanced functionality over time.
Attention. There is a risk that unverified members are not actually members of the team
Opportunities:Tezos generated a lot of publicity, partly because of its prominent backers. This may help bring developers to work on this platform.The idea that Tezos doesn’t ever need to hard fork is appealing.The technology can be disruptive to the current environment and if successful, it will change the blockchain landscape dramatically.
Concerns:I believe there is a governance issue in the way the ICO is structured: DLS, the company co-founded by Kathleen and Arthur Breitman, will be acquired by the Tezos Foundation for 10% of the amount raised as part of the ICO. On top of that, DLS’ shareholders will receive 8.5% of the contributions made during the fundraiser. The more money the ICO attracts, the bigger payout the Breitmans will have. In most of the other ICOs, there is also an allocation to founders and developers, but there is a hard cap on how much money to be raised, which limits the founders’ payout. Some would argue that Ethereum also had an uncapped ICO, but the cryptocurrency climate was vastly different then – it only raised $18 million over 42 days and was considered a success.Tim Draper is a renowned investor, but it doesn’t mean that everything he touches will be a success. Investors should not contribute just because a billionaire also did. Tim Draper has had his share of bad calls before. Moreover, Tim Draper invested in DLS, which as mentioned above, will receive a fixed percentage of the amount raised. Hence, his interest is different from the ordinary ICO contributors.XTZ won’t be tradable for at least four months. Four months is a long time in the crypto world – Ethereum was trading at $12 four months ago.Even if Tezos is superior to other blockchain like Bitcoin and Ethereum, it doesn’t necessary mean that it will achieve mass adoption. Right now, Ethereum has a strong momentum and it is unclear whether developers will switch to work on a new blockchain. For example, even though it is technologically superior, Betamax lost to VHS because it didn’t receive the support of enough hardware companies to reach economy of scale.
Conclusion:Overall, I am neutral about this ICO. Tezos’ goal is ambitious and its solution is interesting, but I dislike the uncapped nature and the fact that the founders are incentivized to attract as much funding as possible, diluting the return on investment.If you are on the fence about whether to contribute or not, I would suggest waiting for the first bonus period (+20%) to end and see how much money has been raised because a lot of people want to take advantage of the maximum bonus. This way, you do lose a little bit of bonus (15% vs. 20%) but you can have a much better picture of what the valuation of the project is before committing your money.Our thoughts of the tokens for short term and long term are as follows:For short-term holding:Not good because (1) the ICO is uncapped for two weeks, meaning everyone who wants to participate can do so, leaving no unmet demand, and (2) XTZ won’t be tradable for at least 4 months.For long-term holding:I am neutral about Tezos’ long-term prospect. It comes down to whether you believe Tezos will become the blockchain of the future.
Aleksey: Tezos was listed on Gate.io. It made х5. The project itself is interesting, global.Sergey: I participated in the ICO and bought it after on the exchange, as I planned. It is competitor to EOS.
Tezos is embroiled in controversy and in-fighting, although it’s pushing through to continue development with the help of the community. The beta is still in its infancy, and the foundation lacks key partnerships and dApps that could grow the network. Still, it has several key factors working in its favor. Tezos is one of the most well-funded ICOs in history, raising $232 million in BTC and ETH that have skyrocketed in value since its July 2017 ICO. The Tezos Foundation replaced several key board members, including president Johann Gevers, since it started butting heads with cofounders Arthur and Kathleen Breitman. The Tezos network is currently in beta while it works out bugs. It has a bug bounty program to help expediate the process. To help pay operating fees, Tezos accepted a $1.5 million investment from venture capitalist Tim Draper, who now owns 10 percent of the DLS, which maintains control over Tezos IP. With these pieces in place, Tezos has a chance to succeed. It just needs to dig its way out of the legal issues bogging it down. Whether it accomplishes its goal of being the last cryptocurrency or ends up as a cautionary tale for other ICOs remains to be seen. Whatever happens, it’s a crypto to watch in 2018 and beyond.
Tezos is a brand new blockchain built from the ground up. the blockchain enables innovation via self-amendment. That means it’s easier, more profitable, and more seamless when adding innovations to the blockchain. When improvements are added to, say, the bitcoin blockchain, we run the risk of creating a hard fork. Thanks to the Tezos consensus mechanism, that’s no longer an issue.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact firstname.lastname@example.org with detailed information about your concerns.