NewCurr ICO Review: Brand New Blockchain For Data Authentication And Transparency

By
Fernando Sanchez
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Newcurr Ico Review: Brand New Blockchain For Data Authentication And Transparency
Newcurr Ico Review: Brand New Blockchain For Data Authentication And Transparency
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The Fourth Industrial Revolution is ongoing right now. VR, IoT, Industry 4.0, all these technological initiatives are driving innovation forward across many industries.

And every one of those innovations produces a steady flow of data, which has to be
analyzed, processed, and stored.

Data is the black gold of the technology era: Big Data, Business Intelligence, data analytics… data is everywhere, and herein lies a problem.

Where does all this data go after it’s created? Who sees it? What is being done with it? And more importantly, is my own personal data safe?

NewCurr is an up-and-coming ICO that proposes the creation of Pallas-Athena, a new blockchain engine to ensure the integrity, transmission, ownership of information, and develop a platform for large-scale community projects.

Pallas-Athena: brand new blockchain engine for data management

In Greek mythology, Pallas Athena was the goddess of wisdom, fertility, arts, practical skills, and also of careful warfare. What bearing or significance does this have on NewCurr’s proposition, if any, remains unclear.

According to its marketing blurb, the purpose of the Pallas Athena blockchain is “the creation of a process whereby data is authenticated, transparent, and harnessed into assets and used to promote well-being.”

The Pallas-Athena blockchain will host five separate community member types:

  • Data Author
  • Data Examiner
  • Data Distributor
  • Data Contractor
  • Intelligence Creator

Consult the NewCurr whitepaper for more information about these concepts.

NewCurr in figures & quick facts

  • Token Name – Pallas Coin (PAL)
  • Total numbers of tokens issued – 130m
  • Token value – 1 ETH = 2,000 PAL
  • Private Pre-sale (for accredited investors only) start date – March 27th 2018
  • Private Pre-sale (for accredited investors only) end date – April 24th 2018
  • ICO (for approved investors) start date – April 25th 2018
  • ICO (for approved investors) end date – May 29th 2018
  • Post-ICO (for approved investors) start date – May 30th 2018
  • Post-ICO (for approved investors) end date – June 30th 2018
  • Soft cap – $1m
  • Hard cap – $39m

The PAL coin

As with any other ICO, the company will issue its own currency, the Pallas Coin (PAL).

The ICO defines PAL as a ‘utility token’, which can be used as an access token for
higher application levels and community-driven features, voting rights, and other
functions.

Once created, PAL coins will be allocated as follows:

  • Crowdsale – 45%
  • Founders – 10%
  • Investors – 12%
  • Team – 14%
  • Marketing – 15%

The team

Learn more about the NewCurr team here.

Social media presence and digital footprint

Here are the SM numbers for NewCurr at the time of writing (early April 2018).

  • Twitter – 931 followers
  • Telegram – 6,379 followers
  • Facebook – 1 follower
  • LinkedIn – 4 followers
  • YouTube – 0 followers

This ICO’s presence on social media needs work to catch up.

Competition

NewCurr is a unique proposition, but it’s hard to discern what the whole thing is about. For this reason alone, it’s difficult to tell if any other ICOs offer a similar proposition, as NewCurr’s own enterprise is unclear.

Whitepaper

Consult NewCurr’s Whitepaper for more information about its platform, additional features, etc.

Conclusion

This ICO’s proposition is confusing, the whitepaper and the website are a mish-mash of concepts, ideas and buzz words. The intention may be to appear as an all-encompassing blockchain concept, but it ends up feeling like it has an unfinished feeling.

NewCurr would do well to pick one single concept or idea, develop it to its full potential, and put it out to investors. As it stands now, the entire proposition lacks focus.

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