VANTA has a lot of strong points, therefore it may actually be easier to start with the areas of concern. Firstly, it’s a Korean project and requires more time to verify, and due to the nature of VANTA there’s a lot to take in. The project also has a high hard cap at $15 million for 35% of tokens, and closer to $43 million on a fully diluted basis. In addition, the roadmap shows that potential investors may have to wait up to six months for significant developments, and the team face stiff competition from other strong Korean projects such as ICON.
Having said this, VANTA is strong in a number of key areas. For example, the team is solid and combines significant experience at companies such as Apple, Microsoft, Apple, Oracle, Samsung, IBM Korea, and Voiceloco with the latter also providing significant backing and assistance. The team are set to leverage their network and VANTA will work with Microsoft Korea to add VANTA connectivity to Microsoft Teams, and this will allow enterprises using Microsoft Teams to easily connect inbound/outbound calls through VANTA’s decentralized network. Furthermore, after launching the ARKAS Protocol, VANTA will promote and sell services such as UCaaS, and voice and video APIs to customers around the world by joining the Oracle Partner Network.
To drive home the point, advisors Yoonseok Choi and Changnam Choi both have extensive reach as Vice President at Microsoft Korea and as the APAC Regional Head Director at Oracle. In addition, Investor Relations Director Kevin Kim is also an advisor at RocketFuel and Allbit exchange, which is a subsidiary of leading Korean exchange UPbit.
The team have also come up with an interesting economy which sees tokens burned as API fees, and various members of the ecosystem are required to stake VNT tokens in order to participate in the network. This leads to the token having more intrinsic value similar to ETH on the Ethereum network. In addition, they have also stated that 35% of tokens will be sold to investors and all unsold tokens will be burned.
Finally, the VANTA blockchain is a specialized blockchain aimed at real-time networking related services such as high-definition broadcast streaming, group video calls, and low latency data processing. The team are also targeting sectors such as education, entertainment, gaming, finance, and governmental organizations, and plan to build a platform blockchain, and also provide a core module in the form of an SDK and/or API to allow platform-independent access to the VANTA network. Users of current leading platforms and applications will be able to connect to VANTA to access real-time networking and this should help the project’s expansion and ability to onboard new users. VANTA as a company has a large scope and the team’s vision is to reach for the stars. They are ambitious, and judging by their previous accomplishments and the network architecture they presented, we believe VANTA has a good chance to eventually become a solid player in the decentralized industry.
In short, the project has a good mix of solid business experience, secure partnerships, strong team members, and thoughtful tokenomics. Despite, this it may still be a while before VANTA gains traction and develops a significant user base and dApp ecosystem, and only time will tell if the extended roadmap will work in opposition to the prolonged bull run. We believe this is an interesting project which should not be neglected.
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