Opportunities:
Partnership with Microsoft and Philips proofs that Tierion is a legitimate company.
Tierion’s services is used by over a thousand companies, which shows that Tierion is proven to provide valuable services to its customers.
Tierion has been around for 2 years with a working product that is in the third iteration, which makes this ICO a lot less risky than those with shorter track record.
Tierion won the 2015 Consensus Makathon, which shows the competency of the team.
Blockchain is integral to the services provided by Tierion, so it makes more sense to raise money from ICO.
Factom is another solution that tackles the same problems that Tierion is trying to solve. But according to CEO of Tierion, Factom can only manage 47 transactions per second while Tierion’s capacity is virtually unlimited.
Concerns:
The hard cap of $25 million is relatively high in today’s market environment.
Right now, one of the Tierion’s advantages is the low cost compared to other solutions with costs correlated with transaction fees on public Blockchain (for example, Bitcoin). With the Bitcoin scaling debate finally getting over, it is anticipated that Bitcoin transaction fees will decline, at least in the short-term after the upgrade. This may make Tierion’s solutions less attractive.
Conclusion:
Overall, I like this ICO, both for its short-term as well as its long-term potential. Not many ICO projects are able to secure partnerships with corporations as large as Microsoft and Philips. The fact that Tierion is around for 2 years with thousands of corporate users makes it an anticipated project.
Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Good. With Tierion’s partners and advisors, it shouldn’t be difficult for the ICO to reach hard cap quickly. From the Telegram channel, it looks like the presale is already over-subscribed. Fenbushi Capital has also announced that it will participate in the token sale.
It is ambiguous when the tokens will be distributed, but according to this blog post, it shouldn’t be too long.
For long-term holding:
Good. As mentioned above, Tierion is a growing startup with a 2-year track record. The close partnerships with Microsoft and Philips would improve significantly the odds that Tierion will be successful.
