Chromapolis ICO Overview
The Chromapolis ICO and token sale are elevating funds to launch a full-stack decentralized improvement platform and protocol. As a full-stack improvement framework, Chromapolis provides builders with all the mandatory layers to construct full purposes, integrating the flexibleness of relational databases with distributed ledger expertise.
Chromapolis is developed by ChromaWay, a Swedish blockchain agency that has been strongly concerned within the trade since 2014. There may be an oblique, however notable, relationship between ChromaWay and the event of an e-currency by the Swedish Nationwide Financial institution.
Chromapolis ICO Worth Proposition
Customers of current distributed networks like Ethereum ostensibly should pay for each interplay that happens on a given dApp, in proportion to the assets required for every transaction. This leads to a precedent the place dApps can not experiment with various fashions for knowledge and computational useful resource administration.
One such instance is the “freemium” mannequin, which dApps constructed on Ethereum can not exploit. Chromapolis addresses this difficulty by means of the introduction of a brand new mannequin, delegating useful resource administration to the extent of particular person dApps. The charges that are collected to keep up nodes internet hosting dApps are paid by the dApp suppliers, and never end-users.
The latitude provided by means of administration of computing and storage assets on the particular person dApp stage opens up a wide range of payment fashions which aren’t doable on different blockchain networks.
Additional towards the purpose of increasing dApp improvement prospects, Chromapolis makes use of a relational blockchain together with a hyprid consensus protocol and modern developer-oriented options to boost the expertise of each dApp customers and builders. The relational mannequin of the blockchain permits for knowledge and utility state to be saved in a relational database.
Every dApp throughout the Chromaplis ecosystem possesses its personal sidechain, facilitating each horizontal scaling whereas permitting purposes to exist in isolation and due to this fact, function in a fashion that doesn’t impression different dApps working in parallel. dApps requiring a number of execution threads can make the most of sharding for inclusion of further sidechains.
Chroma tokens present the mechanism for incentivization throughout the Chromapolis ecosystem. Nodes should stake a specific amount of Chroma tokens to take part within the community. The distinctive method Chromapolis takes towards the token financial system of the ecosystem means it’s largely dApp suppliers themselves who reward nodes for participation. dApps which deploy native tokens have the choice of backing their tokens with Chroma, to extend liquidity and permit for simpler change of worth between different dApps throughout the ecosystem.
Chromapolis ICO Crew
Henrik Hjelte (CEO) is the CEO and Co-founder of mother or father firm Chromaway, growing superior blockchain options for purchasers within the finance and authorities sectors. Alongside along with his Co-founders, he was accountable in 2012 for the creation of ColoredCoins, a pioneering method to make use of Bitcoin infrastructure to switch any asset that holds worth, together with gold, fiat and property.
Or Perelman (COO) has an intensive background within the cryptospace, starting in 2011 when he co-founded and developed Safebit, a multi-chain pockets and collaborative platform for crypto asset administration. Or went on to co-found ColoredCoins, and likewise served a quick stint as CMO with bitBlu, a crypto portfolio app. He resumed his work along with his companions at Chromaway in 2013, serving as COO till current.
Alex Mizrahi (CTO) has a long time of expertise as a full-stack developer. From 2000 to 2012, Alex labored as a software program developer on a myriad of tasks in fields akin to 3D graphics, machine studying, and cellular software program. In 2012, he joined up with Henrik and Or to develop ColoredCoins and moved on to co-found Chromaway, the place he now serves as CTO.
Chromapolis ICO Strengths and Alternatives
Chromapolis introduces relational databases to blockchain to sort out the more and more complicated knowledge constructions of decentralized purposes. A relational mannequin additionally permits Chromapolis to leverage the ability of SQL database administration methods, a staple mechanism for knowledge administration with a historical past of confirmed utilization. Refined question planning, superior knowledge constructions and caching capabilities permit for expedited code queries.
As relational databases are a typical element in software program engineering, the familiarity ought to, in concept, ease the transition for builders engaged on decentralized purposes. Efficiency points from particular person querying situations are remoted to dApp sidechains, in order that gradual queries don’t have an effect on the whole community.
With Chromapolis, customers pay charges not directly and are due to this fact spared the pay-per-transaction mannequin that’s practically common within the blockchain area. Instead, dApps constructed with Chromapolis pay make direct funds to noders every day, relying on the quantity of computational assets and knowledge quantity consumed by the customers.
This construction unlocks a wide range of choices for dApp builders themselves to deploy extra user-friendly fee strategies, akin to by means of a subscription mannequin, freemium providing with in-app purchases, or different constructions particularly tailored to game-play situations.
Such flexibility presents an interesting characteristic for builders and customers alike, as dApps constructed on Chromapolis can provide fee fashions which can be extra acquainted to the common shopper.
Chromapolis ICO Weaknesses and Threats
Chromapolis is positioned as a general-purpose platform appropriate for many kinds of dApps, particularly instances that require the capability to deal with high-volume, complicated knowledge units. Gaming is one explicit use case the place the capability to deal with complicated knowledge units opens up the likelihood for internet hosting total video games on the Chromapolis community. The oft-repeated instance of Crypto Kitties nonetheless serves to display the present impracticality of internet hosting gaming on the blockchain.
To display the true capability of Chromapolis at dealing with complicated data-sets onchain, the go-to-market technique of the undertaking will initially goal blockchain gaming. Chromapolis plan to develop a Huge Multiplayer On-line Recreation as a approach to showcase the expanded vary of prospects provided by the platform.
As a improvement platform with such all kinds of doable preliminary use case situations, a gaming-based GTM technique could promote the undertaking brief by failing to succeed in a broad sufficient viewers of shoppers and builders alike.
A dApp competitors or related technique that harnesses the immense creativity of the developer group may present a way more expansive pathway towards concurrently showcasing all kinds of use case situations for Chromapolis, particularly contemplating the attain and power of the mother or father ChromaWay firm.
The Verdict on the Chromapolis ICO
The Chromapolis ICO affords a brand new method to dApp improvement that addresses the shortcomings current in lots of present blockchain networks.
Whereas nonetheless at an early stage, the Chromapolis ICO possesses indicators that time to a strong undertaking, backed by a group with in depth expertise growing blockchain merchandise. With prior expertise deploying blockchain to fields akin to finance, the present gaming-focused go-to-marketing technique could not current essentially the most compelling street to adoption.
That mentioned, at such an early stage, there’s loads of room for repositioning if mandatory.
We’ve got been in discussions with the Chromapolis ICO group and our scores are based mostly on conversations and data that they’ve requested us to maintain confidential. We also needs to clarify that the undertaking isn’t actively advertising at the moment, due to this fact we can not share an internet site or different supplies. Please word that our overview does take into accounts the token knowledge that has been shared with us, however we have now been particularly requested to not share the token metrics that we have now seen at this level. We are going to share them as quickly as they’re made out there by the group.
Regardless of being a Prime 10% rated ICO, we have now determined to not take part.