Improved Data Capacity, Speed, and Expandability One DApp in Yggdrash ecosystem is an independent blockchain. Each DApp is not bound to other DApps; enjoy the fast and high quality of independent network. “Zero” Network Fee - Reputation Scoring System Yggdrash adjusts the current fee structure of blockchain by applying reputation. YEED is a crypto-currency and plays as one of criteria to evaluate reputation. Downsizing Data Yggdrash introduces Akashic Records & Block Box to minimize the size of block data. It reduces efforts preparing node and shorten delay fom several days to less than an hour. DPOA : Delegated Proof Of Authority DPOA, agreed algorithm, gives users & operators with high reputation authorities. It assures independence, incentive, and expandability while increasing connectivity.
YGGDRASH’s main-net is called STEM, and its cryptocurrency is YEED.
One DApp in Yggdrash ecosystem is an independent blockchain. Each DApp is not bound to other DApps.
Yggdrash adjusts the current fee structure of blockchain by applying reputation. YEED is a crypto-currency and plays as one of criteria to evaluate reputation.
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Attention. There is a risk that unverified members are not actually members of the team
Opportunities:The project has solid team members who are experienced in the blockchain space, some of whom have previously worked in reputable project/companies such as Bithumb and ICON.Yggdrash tries to address the scalability issues around blockchain. This is one of the biggest problem for the long-term growth of the blockchain space and the potential is substantial if they can scale and attract adoption.
Concerns:The GitHub history is very young. Real development did not happen until February 2018. This makes it difficult to see whether the team can build out the idea that they have proposed in the whitepaper.The roadmap is vague – the only milestones after token distribution are “Release Test net” and “Release Main net”. This makes it difficult to analyze the level of planning that the team has.Yggdrash is in direct competition with ICON and as stated in the “Yggdrash versus ICON” section above, we believe ICON is a superior platform. The other thing that Yggdrash can do is to focus outside Korea but we believe it would be difficult as the entire team’s experience is in Korea.
Conclusion:Overall, we are neutral about the short-term potential of this ICO and are negative about its long-term potential. Our thoughts of the tokens for short term and long term are as follows:For short-term holding:Neutral. Yggdrash should have no problem reaching the hard cap given the market awareness. However, YEED tokens will be distributed in May, which is a longer time period than the average ICO project.Note: KYC/AML happens AFTER crowdsale and those who failed KYC will receive a refund. The KYC process ends on April 22, 2018 so the refund probably takes place afterwards.For long-term holding:Negative. While the team is solid, their background is heavily related to Korea so we believe Yggdrash would have a difficult time gaining traction outside Korea. This makes Yggdrash a more regional blockchain similar to NEO, QTUM, and ICON and puts Yggdrash in head-to-head competition with ICON.
Some kind of niche is needed, be it development progress (Nano, Zilliqa), business development (ICON), industry (Vechain) or geographic focus (NEO, ICON, QTUM), development team (RChain, EOS, Cardano), or investor backing (aelf, Zilliqa). Yggdrash has none of that.
Overall I am actually very bullish on Yggdrash and I do feel it’s going to meet it’s hard cap but it hasn’t got an MVP, so I think many investors are going to actually shy away on it.For token economics I gave it 50 out of 100, I think they’re asking for a fair amount relative to what they want to do but it’s a whitepaper idea, there’s no MVP.I thought they had a very capable team, world-class team, I gave them a 70 out of 100. They doesn’t have enough hype in my opinion for what they want to do, I gave them 60 out of 100.
YGGDRASH is a serious contender among next-generation blockchain protocols. The technology and architecture of the blockchain represent one of the most advanced concepts to date. Most importantly, the team behind the project are exceptionally well-equipped to turn this concept into a reality. With little in the way of product development at this point in time, we will be carefully watching for further updates.
The idea is quite ambitious, and being developed to the necessary level it may turn Yggdrash into a serious player in the blockchain world. At the same time, according to their roadmap the test net is only scheduled for Q3 2018 and main net is for Q2 2019, which means the development is still on the first stages. In addition, take into account their competitors that can likely build a product faster. From investment point of view, the short-term perspective is very good due to the hype around this ICO, and the long-term will depend on the progress, and if successful, it will be far more than positive.The name is actually self-describing. Yggdrash = Yggdrasil + Hash. Yggdrasil is a huge mythical tree that connects wells of the world and locations from the underground and to the heaven; and the hash for blockchain transaction and network.
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