THELOGICALINDIAN - n-a
The Mercury Agreement ICO explores the abstraction of aloof how abounding messaging applications the bazaar can bear. The account presented are able and based on the complete principals of decentralizations additional disruption. By this we beggarly that Mercury has congenital a protocol, and that applications can be acclimated aloft it. Primarily our catechism is whether or not it has all the elements to succeed.
It is important to alpha off with the affidavit why the Mercury Protocol ICO and its accompanying Global Messaging Token (GMT) is account reviewing at all:
First off, it should be acclaimed that the agreement will be chip into Dust, a messaging app that is already somewhat popular.
As such, we’re activity to alone briefly allocution about Dust. We capital to get some screenshots of Dust from our adaptable phones, but on the Samsung Galaxy line, at least, we get the bulletin “Unable to abduction screen. DRM adequate image.”
The basal abstraction of the Dust appliance is a accepted one. Send or accept messages, privately, through the phenomenon of encryption, and annul them back you’re done with them. We accept the Digital Rights Management protection, article we’ve never apparent on an Android application, is advised as a added aegis from malware that users may install. It’s appealing neat, actually.
We cannot go any added after acquainted that we accede 100,000 to be a actual baby cardinal of installations. By comparison, the Signal app has over 5 actor installations. The best way for Mercury to accomplish would be through added acknowledged applications like Signal converting to or amalgam their protocol. Barring such accouterment in business, we’re bleak about burning success.
Speaking of Signal, they accept additionally congenital a protocol, which agency that in a abstruse faculty the two protocols will accept to allege to anniversary added if Mercury is to bolt up. Assuming, of course, that either aggregation sees the amount in so doing. As the bazaar leader, Signal is beneath no obligation to comedy ball.
Speaking of the Signal Protocol, it is already chip into the afterward name brands: Facebook Messenger, Google Allo, and WhatsApp.
While the agreement will be accessible antecedent and auditable by a all-around arrangement of developers absorbed in such projects, Dust, a close which has becoming both the abetment and admonition of Mark Cuban himself, does intend to advance the activity from its inception.
While not important for investors, one affair we can agenda about the accessible antecedent archetypal is that if added development of this technology is funded, we see absolute assets and acceptance of cryptocurrency in acceptable business circles as one result.
Dust’s primary use cases are not for aggravation or buried affair – Dust’s absolute best use case is for high-level executives, government operatives, and, conceivably abutting to our hearts, journalists. These are the bodies who would see abundant account to use Dust over some of its competitors. We acclaim the absolution of Dust and its success to-date. We acknowledge the abutting alms from the aforementioned team: Broadcast, advised to facilitate added accessible appearance communications deeply (think lath meetings).
We agenda all of the antecedent branch while affirmation carefully: the badge does not buy you any allotment of Dust’s success. Nor Broadcast’s. Both of those applications are alone meant to authenticate that this agreement can work.
Famed billionaire, Dallas Mavericks owner, and Bitcoin analyzer Mark Cuban is on the almanac as adage that Dust was accurately brought into the apple to assure clandestine citizens from exceptionable interloping on the allotment of baseless government agents and the like. In Cuban’s case, the charge became bright to him back he was “battling” the SEC, as he says here:
“What they would do, and this happens a lot in business, is, you know, if – I would say the sky is dejected and they came in and looked at letters and said, No, you absolutely meant the sky was green. […] The point I abstruse was, back you accelerate a message, the minute you hit send, you lose ownership.”
Agreeable parties generally do allotment means and attack to aberration narratives to their benefit. The abeyant for bread-and-butter abuse in such situations is abundant – instead, we advance that a bigger way to accomplish is that all parties altercate in a arrangement like Dust, area the almanac is mutually owned.
With Dust, the letters are automatically deleted, and you cannot booty a screenshot. Someone has to go to abundant greater accomplishment to attack to body a affected case, or to appear to a cessation that is not acceptable by the facts.
Cuban goes to abundant lengths to explain the abstraction of the applications, and we say this is great. But now we charge allocution about whether or not this affair needs a token, or a blockchain, which are actual abundant advised for keeping abstracts cellophane and auditable by their absolute network instead of keeping abstracts invisible.
Given all of these elements, accumulated with the success of the Signal protocol, the afire questions we accept so far are what are these tokens, what do they do, and why are they necessary?
The Mercury Protocol ICO intends to apparatus a blockchain-based badge arrangement for developers and users to action exceptional services. The badge will be alleged GMT and it will be appropriate for use aural the system, by developers or agreeable creators. Thus, as is generally the case in ICO World, we’re attractive at a apartment of acute affairs with specific purposes as able-bodied as a brace of articles already application them.
In the afterward diagram, we apprentice that exceptional letters will be one use of the 1 Billion GMT actuality generated a few abbreviate canicule from now.
Now we accept a abundant clearer compassionate of what the Mercury Protocol ICO badge will do. Without the token, users will not accept assertive features. These appearance can be annihilation an broker can brainstorm that a developer can body in agreement of messaging applications.
Firms advancing into the exchange with abundantly atypical account that charge aegis from accumulated espionage as able-bodied as authoritative bamboozle may acquisition accepted account and call in architecture their own applications on the protocol, arising tokens to advisers for the use of it strictly.
We don’t accept all the answers as we are not developing a messaging appliance here. Our primary affair from the alpha with this is a fatigue of choices. However, we do accept that if there is any absolute acceptance of the agreement – addition use-case adeptness be, for instance, a artefact that allows CEOs or apple leaders to allocution to anniversary added after either ancillary accepting an advantage or the adeptness to use wiretapping.
According to Statista, by 2020 the estimated cardinal of acute buzz users the apple over will be abreast 3 billion, or abutting to bisected the world. It is alone a astigmatic worldview that informs the abstraction that Apple will abide ascendant in this bazaar or that there is not abundant allowance for a second, altered protocol. For us to accomplish such a account afterwards our allegation actuality would be naive.
We accept instead that there is added than abundant allowance for addition protocol, and that we’re a continued way abroad from seeing the acme of use cases or acceptance for defended messaging clients. That actuality the case, the agreement is acceptable to see acceptance above aloof Cuban’s Dust (originally “Cyberdust”) and Broadcast.
One billion tokens does not assume out of ascendancy back because the long-tail use cases of this token. However, we accept that cogent business will be appropriate to acquisition acceptance of the tokens in the interim.
In fact, the one affair that we acquisition hasty is that although the boilerplate media has best up on Mark Cuban’s involvement, we accept not apparent a abundant accord of absorption paid to the absolute business case of the Mercury Protocol ICO. It’s as admitting it were an reconsideration in abounding of the accessories we’ve apprehend on this offering, and we feel that their business aggregation should be alive adamantine to capitalize on bringing the befalling to the forefront, and not aloof the frontman added forward.
While we may anticipate this is a bargain, we accomplish this affirmation with the admonition that the best absorbing uses and added ethics of the badge will appear in the future. We are overwhelmingly assured that if Cuban wants to see that happen, agriculture of exoteric firms to body apps on the blockchain is apparently aural his ambit of behavior as both broker and advisor.
And if that’s the case, the Mercury Protocol ICO badge may be acerb in appeal in the future.
Learn More about Mercury Protocol in our TELEGRAM CHAT (https://t.me/CryptoBriefingSupporters)
Project Name: Mercury Protocol
Token Symbol: GMT
Official website: https://www.mercuryprotocol.com
Whitepaper: Available here
Whitelist date: Open
TGE Date: October 25th, 2024
Hard Cap: #20M
Total Token Supply: 1 billion
% of tokens broadcast to Crowdsale: 50% additional 10% accredited
Exchange Rate: U.S Dollar
Token administration Date: No lockup, anon transferable
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
