Essentia ICO Review

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Essentia is a masternoded multi-chained set of protocols connecting centralized and decentralized resources to create new powerful interactions and experiences.

Overview

Nowadays, the user’s data, habits, personal informations, locations, social relations, financial details and so on, represent the best mine of value for the service providers as well as for bad actors. Essentia is the trustless modular framework allowing users to operate with their digital decentralized identities and data by creating their operating system with on-chain capabilities that can be accessible from all the devices in the world.

With Essentia, the user can always have in his pocket this tool to interact with decentralized resources and, through them, with the traditional ones too, while maintaining the complete and exclusive control over his identity, digital life and personal data and therefore solve these problems. It empowers users with the full control and ownership of their data, IDs, information, privacy and assets, while being applicable in every device in the world, dApp, blockchain and third party service that an user wish to control in a decentralized manner.

*Product (try it! https://app.essentia.one/) They already have a working product which has been tried by 20k users and under the development for more than 14 months, integrated with the following

• Provides Wallet Service For: ETH, BTC, NEO, LTC, BCH, EOS, USDT and more
• Storage Services: IPFS, Storj, Swarm
• Other blockchain projects: Ethereum, Aragon, Neo, IOTA, OmiseGo, Status

Team & Advisors – 8/10

Team consists of 34 members and 6 advisors.

Project Lead, Matteo Gianpietro Zago, Founder of Mobilife+ working now with Fortune 500 companies such as Uber, Alphabet, Facebook, Tencent. 110 team members join the team last year, located in 5 offices over 3 different countries. He’s the author of the Facebook Bible and the Twitter Marketing Guide, both best selling books on Amazon.

Product Lead, Mirco Mongiardino, Web entrepreneur now managing more than 40 people spread across seven countries, with offices in Amsterdam, Lviv and Dubai.

Operations Lead, Vladimir Holubovych, Invested in several startups, aided by his extensive experience of online marketing strategy.

Advisors tokens are locked for 6 to 12 months, with 6 months cliffs. Founders tokens locked for 18 months with 6 months cliffs.

Partners & Investors

• TLDR Capital, Kenetic Capital, Skyline Capital Group
• Finland Government have a deal with Essentia (https://medium.com/essentia_one/essentia-to-become-first-blockchain-based-solution-from-finnish-government-through-collaboration-4ae326126c13)
• They are in talks with Netherlands Government (https://medium.com/essentia_one/netherlands-government-seeking-blockchain-solutions-for-border-control-with-essentia-one-2e1671083b75)

Roadmap – 9/10

• 2018 Q1: Creates the dApps platform, the file storage platform, the multi-purpose property example, the first launch of the token.
• 2018 Q2: Create VPN platform, TOR platform, third-party eLogin ID management system, second token ad program.
• 2018 Q3: Native mobile application release, ESS framework beta release, ESS software release, third release.
• 2018 Q4: Release of EOS beta
• 2019 S1: Interoperability, multi-language integration.
• 2019 S2: Out of the final product.

Token Metrics – 8.5/10

• ERC-20 Token Symbol: ​ESS
• Hard Cap:​ $25,500,000
• Private sale vested: y​es
• Total Token Supply: ​1,7B ESS Tokens
• Sold in ICO: 45%
• Public Price: 1 ESS = 0.0430 USD
• Public Sale: 7th June 2018

Verdict

Why should you get hyped?

• Already working and useful product which has cool user interface integrated with lots of other platforms!
• They will have Masternodes!
• Ran Neuner just became advisor for the project!He launched first televised cryptocurrency show “Crypto Trader” on CNBC! (https://medium.com/essentia_one/essentia-welcomes-ran-neu-ner-to-our-advisory-board-c4d71e2a7164)
• Government deals/backings are always good sign! This is actually good for all crypto world since it helps mass adoption of blockchain technology.