Blocknubie

About Blocknubie

Blocknubie aims to be a decentralized start-up ecosystem and market economy targeted at resolving the challenges of starting a successful blockchain business. Blocknubie aims to simplify and automate the start-up process from ideation through to customer acquisition, and facilitate the onboarding of traditional enterprises onto the blockchain. The platform aims to guide end-users and blockchain startups towards setting up their business quickly and effectively, complemented with a number of DApps to enhance the success, structure, and speed of the process. As a decentralized market-based economy, Blocknubie focuses on meeting all of blockchain startup needs including development tools, advisory services, and most importantly, capital and investment.

Competitors: Factom, Blockstarter, ICOBOX, Coinlaunch, Waves, NEM, NXT
Uniqueness/Advantages to competition: Geared for blockchain startups in general, not just ones looking to launch an ICO.

Token Sale Use of Blockchain

Product

2.4
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

2.0
N/A
2 - Small audience / niche market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.

Product

Blocknubie is meant to be a decentralized start-up ecosystem and market economy targeted at resolving the challenges of starting a successful blockchain business. There is a legacy platform (Nubie) that will be expanded upon. There is no publicly accessible github repo, and the mobile app is planned to be launched after the ICO (see Roadmap). There is appeal to the platform as there is increasing demand for blockchain startup services. The target user base is the blockchain-tech-startup community, which is not too large but is expanding and will continue to expand as cryptocurrency adoption increases. There is a large amount of competition in this space, with well known competitors that have been very successful.
Competitors: Factom, Blockstarter, ICOBOX, Coinlaunch, Waves, NEM, NXT

Product Whitepaper

Use of Blockchain

2.0
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

2.0
N/A
2 - Centralized with some plans to decentralize.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.

Use of Blockchain

Kelta’s contribution to blockchain development is in creating a new decentralized start-up ecosystem and market economy targeted at resolving the challenges of starting a successful blockchain business using the Ethereum blockchain. The project’s primary disruptive advantage is in developing a community that supports blockchain startup development. The need for a custom token is in allowing users to gain access to the platform and exchange value within the ecosystem. The contribution to the blockchain ecosystem is in developing a new blockchain-based, blockchain-tech-startup community.

Use of Blockchain Roadmap

Whitepaper

3.8
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

The whitepaper is professional and informative, and provides a balanced combination of media and textual explanation. The whitepaper is 44 pages in length and is easy to read and understand given the amount of media presented. The whitepaper provides high level information discussing Blocknubie’s background and market, the Blocknubie economy and platform (with a technical overview), the planned accelerator fund, the token sale, governance and legal information, a presentation of the team, references and acknowledgements, and a disclaimer. The business and technology plans behind Blocknubie are detailed and concisely explained including detailed textual and graphical explanations. References are provided in end-note form.

Whitepaper Compliance

Roadmap

3.2
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.

Roadmap

A basic platform roadmap is given on a monthly basis. Obstacles lie ahead as deployment and intergration of 3rd party apps and API onboardings will occur after the ICO. The roadmap provides major milestones and no descriptions of the intermediate steps required to complete each milestone.

Major Future Milestones:
Nov 2016 Nubie.com platform / Ecosystem for Startups / Deployed 1st Cloud / 40,000 User / Blocknubie Ideation
Jan 2017 Concept
Feb 2017 1st Phase Research and Analysis
Apr 2017 Initiated 2nd phase research
Sep 2017 Whitepaper
Jan 2018 Strategic Partnerships Opens
Feb 2018 Private Pre-Sale
Mar 2018 Public Pre-Sale
Apr 2018 Public Sale
Aug 2018 Deployment and Integration 3rd part Apps
Sep 2018 API Onboarding for traditional enterprises, corporates, SMEs, Public Organisations
Oct 2018 Secondary Coin Offering for Blocknubie Accelerator Fund

Roadmap Company and Team

Compliance

2.2
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)

Compliance

The Blocknubie tokens have intrinsic value through their planned usage on the platform. The token’s main utility is a financial instrument as it is used for funding and payment within the network, however it also provides access to the platform and community resources. The token smart-contract code is not posted for review and the github repo (link provided in the whitepaper) contains only the website, wiki entry, and a slackin fork. The whitepaper contains a disclaimer and a discussion of risk factors. KYC is is adressed with a whitelisting process however it is very generic and does not have photo ID upload and IP-denial enforcment. The legal disclaimer states that the tokens are intended for use as functional utility tokens and and come with no warranties. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security and will comply with all laws in areas which the platform is offered.

Compliance Token Sale

Company and Team

3.0
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.

Company and Team

Blocknubie has an established team with 12 employees and 6 advisors.
The core team has experience in software development and programming, mobile and web tech, frontend and backend design, API development, UI/UX, cloud based online growth, finance, and law.
The advisor has experience with finance, capital management, and cryptocurrency/ICO projects.
All core team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of Blocknubie.
Positives: The core team is well rounded and some advisors have experience in cryptocurrency/ICO projects.
Negatives: Not all members are fully dedicated to the project and there is no blockchain developer on the team.

Company and Team Product

Token Sale

3.6
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

Blocknubie Token (NUB)
Total supply: 200 million NUB
Token Price: 1 ETH = 3500 NUB
Soft Cap: 5 million EUR
Hard Cap: 25 million EUR

Token Allocation
65% Token Sale
15% Team Founders (18 month vesting period and 6 month cliff.)
12.5% Reserve for Future
7.5% Blocknubie Fund

ICO Proceeds Distribution
65% Development
16% Operations
14% Marketing
05% Legal
The whitepaper clearly outlines the project budget (based on the scenario where the hard cap is reached).

Social Media Presence & Following
There is little community engagment and reception.

Product

Blocknubie is meant to be a decentralized start-up ecosystem and market economy targeted at resolving the challenges of starting a successful blockchain business. There is a legacy platform (Nubie) that will be expanded upon. There is no publicly accessible github repo, and the mobile app is planned to be launched after the ICO (see Roadmap). There is appeal to the platform as there is increasing demand for blockchain startup services. The target user base is the blockchain-tech-startup community, which is not too large but is expanding and will continue to expand as cryptocurrency adoption increases. There is a large amount of competition in this space, with well known competitors that have been very successful.
Competitors: Factom, Blockstarter, ICOBOX, Coinlaunch, Waves, NEM, NXT

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

2.0
N/A
2 - Small audience / niche market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.
Product Score:
2.4

Use of Blockchain

Kelta’s contribution to blockchain development is in creating a new decentralized start-up ecosystem and market economy targeted at resolving the challenges of starting a successful blockchain business using the Ethereum blockchain. The project’s primary disruptive advantage is in developing a community that supports blockchain startup development. The need for a custom token is in allowing users to gain access to the platform and exchange value within the ecosystem. The contribution to the blockchain ecosystem is in developing a new blockchain-based, blockchain-tech-startup community.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

2.0
N/A
2 - Centralized with some plans to decentralize.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.
Use of Blockchain Score:
2.0

Whitepaper

The whitepaper is professional and informative, and provides a balanced combination of media and textual explanation. The whitepaper is 44 pages in length and is easy to read and understand given the amount of media presented. The whitepaper provides high level information discussing Blocknubie’s background and market, the Blocknubie economy and platform (with a technical overview), the planned accelerator fund, the token sale, governance and legal information, a presentation of the team, references and acknowledgements, and a disclaimer. The business and technology plans behind Blocknubie are detailed and concisely explained including detailed textual and graphical explanations. References are provided in end-note form.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
3.8

Roadmap

A basic platform roadmap is given on a monthly basis. Obstacles lie ahead as deployment and intergration of 3rd party apps and API onboardings will occur after the ICO. The roadmap provides major milestones and no descriptions of the intermediate steps required to complete each milestone.

Major Future Milestones:
Nov 2016 Nubie.com platform / Ecosystem for Startups / Deployed 1st Cloud / 40,000 User / Blocknubie Ideation
Jan 2017 Concept
Feb 2017 1st Phase Research and Analysis
Apr 2017 Initiated 2nd phase research
Sep 2017 Whitepaper
Jan 2018 Strategic Partnerships Opens
Feb 2018 Private Pre-Sale
Mar 2018 Public Pre-Sale
Apr 2018 Public Sale
Aug 2018 Deployment and Integration 3rd part Apps
Sep 2018 API Onboarding for traditional enterprises, corporates, SMEs, Public Organisations
Oct 2018 Secondary Coin Offering for Blocknubie Accelerator Fund

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.
Roadmap Score:
3.2

Compliance

The Blocknubie tokens have intrinsic value through their planned usage on the platform. The token’s main utility is a financial instrument as it is used for funding and payment within the network, however it also provides access to the platform and community resources. The token smart-contract code is not posted for review and the github repo (link provided in the whitepaper) contains only the website, wiki entry, and a slackin fork. The whitepaper contains a disclaimer and a discussion of risk factors. KYC is is adressed with a whitelisting process however it is very generic and does not have photo ID upload and IP-denial enforcment. The legal disclaimer states that the tokens are intended for use as functional utility tokens and and come with no warranties. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security and will comply with all laws in areas which the platform is offered.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)
Compliance Score:
2.2

Company and Team

Blocknubie has an established team with 12 employees and 6 advisors.
The core team has experience in software development and programming, mobile and web tech, frontend and backend design, API development, UI/UX, cloud based online growth, finance, and law.
The advisor has experience with finance, capital management, and cryptocurrency/ICO projects.
All core team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of Blocknubie.
Positives: The core team is well rounded and some advisors have experience in cryptocurrency/ICO projects.
Negatives: Not all members are fully dedicated to the project and there is no blockchain developer on the team.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.
Company and Team Score:
3.0

Token Sale

Blocknubie Token (NUB)
Total supply: 200 million NUB
Token Price: 1 ETH = 3500 NUB
Soft Cap: 5 million EUR
Hard Cap: 25 million EUR

Token Allocation
65% Token Sale
15% Team Founders (18 month vesting period and 6 month cliff.)
12.5% Reserve for Future
7.5% Blocknubie Fund

ICO Proceeds Distribution
65% Development
16% Operations
14% Marketing
05% Legal
The whitepaper clearly outlines the project budget (based on the scenario where the hard cap is reached).

Social Media Presence & Following
There is little community engagment and reception.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
3.6

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