Rating Agency assessment of digital assets DigRate conducted an analysis of the ICO project Network Dimensions. The experts came to the conclusion that he has a weak development potential and high risk speculative investment.
Team Dimensions Network intends to build a centralized multi-currency trading platform and to introduce it in the blockchain (at least the appearance of appropriate technology).
The developers there are two main problems in trade cryptocurrency, they plan to decide: the inability to trade derivatives on an alternative cryptocurrency and technical inaccessibility of the most popular exchanges in the period of high price volatility.
The project team argues that the blockchain will remove these issues, but not engaged in the development of its blockchain, and plans to use third-party development, which are likely to be involved in other decentralized exchanges.
One of the advantages is that the developers are very serious about the study of the competitive environment. The analysis considers not only the current but also in development projects. However, experts DigRate note that the project will be difficult to win the competition, and the probability of the high demand for the services of the Network Dimensions is questionable.
In addition, today there are available technologies for the implementation of the blockchain on the basis of a centralised exchange, which significantly changes the timing of execution of the second part of the project.
Team Dimensions Networks presented the demo version of exchange available for testing on the project site. However, it shows a very limited set of functions. In DigRate believe that the presented version of the exchange may not be accepted for the prototype. Code of the smart contract for the sale of tokens, Protocol, and smart contract platform do not exist.
While Dimensions Network introduced a well-developed strategy and financial plan.
The team plans to produce 240 million tokens STC and provided a number of measures to stabilize the exchange rate of the token and protect it from depreciation.
Unlike most token of token-ICO Dimensions Networks will not be local currency platform. The model is based on the fact that the platform will evolve and token holders – recipients of the bonuses would be beneficial to store them. As a reward token STC holders will receive 15% of all trading commissions generated by the platform.
Information about the legal structure of the company and the experience of participants, Dimensions Networks are not fully disclosed. To attract well-known blockchain experts in the Advisory Board the project failed.
Finally, despite the presence of the marketing plan and activity on social networks, obsuzhdaemost and the popularity of the project are at a very low level.
With all the results of the evaluation can be found here.