Crowd Machine

Crowd Machine is creating the Crowd Computer, a decentralized app execution engine that is powered by a peer-to-peer network of Crowd Virtual Machines ("CVM").

About Crowd Machine

Crowd Machine allows users to easily develop decentralized blockchain applications. The Crowd Machine platform is a distributed application development platform that does not require extensive coding abilities in order to develop an application and is blockchain agnostic. CMCT will be used to access applications, compensate application developers and reward node operators.

Token Sale Use of Blockchain

Product

3.4
Product
Readiness

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

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

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

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

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

5.0
N/A
5 - Hardly any (or no) competition.
Innovation

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

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

It is stated that the target user base spans all dApp developers, from users with no coding experience to seasoned developers. A thorough video demonstration of the platform is available through the Crowd Machine website. The product suite consists of the Crowd Computer, the Crowd App Studio, and Crowd Share. The Crowd Computer is comprised of peer-to-peer nodes, including activity contributing nodes (ACNs) and Agoric nodes (super nodes). The Crowd App Studio uses what Crowd Machine calls Patterns (which consist of Activities), instead of code. This allows app creation to be completed in a more simple, visually-focused fashion. Crowd Share allows the commercialization of the applications created by developers. The Crowd Machine GitHub page is not publicly viewable.

Product Whitepaper

Use of Blockchain

3.6
Use of Blockchain
Blockchain Development

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

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

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

4.0
N/A
4 - Generally disruptive.
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?

4.0
N/A
4 - Token is essential to platform.
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.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

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

3.0
N/A
3 - Interesting.

Use of Blockchain

CMCT is an ERC20 compliant token and is used to access applications on the Crowd Machine platform and pay service fees. CMCT are rewarded to app developers as well as node operators. Thus, the need to create a custom token is evident.

Use of Blockchain Roadmap

Whitepaper

4.0
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?

3.0
N/A
3 - Readable, takes some time.
Transparency

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

4.0
N/A
4 - Informative disclosure.
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?

5.0
N/A
5 - Thorough, viable, convincing, promising.

Whitepaper

The whitepaper is 47 pages long. The technology plan is presented in high levels of detail. The technical discussion is divided into three Crowd Machine products: the Crowd Computer (distributed nodes), the Crowd App Studio, and Crowd Share (GitHub-like source repository). The business plan is presented in moderate detail. The entirety of the discussion, including figures, is contained within approximately 3 pages. Approximately 8 pages containing figures and tables are located in the annexure of the document outlining market research. Overall, the whitepaper is fairly comprehensive.

Whitepaper Compliance

Roadmap

2.6
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?

2.0
N/A
2 - Very ambitious.
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?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

The roadmap presented in the whitepaper spans from January 2018 to May 2019 and contains moderate levels of detail. It is stated that the release of the Crowd App Studio, Crowd Share, and Crowd Virtual Machine was planned to be open for public beta. However, access to these products is not clearly presented though the Crowd Machine website.

Roadmap Company and Team

Compliance

3.6
Compliance
Token Utility (value through usage)

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

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

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

3.0
N/A
3 - Partly; compliance not fully assured.
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?

3.0
N/A
3 - Prototype / MVP / alpha.
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?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

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

4.0
N/A
4 - Professional.

Compliance

There is a document that can be found on the Crowd Machine website which contains a legal discussion of the token sale. The document covers the risk factors involved with the platform, the token, and the token sale, as well as a discussion of the KYC/AML procedure. It is stated that at the time of creating the document, “the Crowd Machine team is not aware of any rules that have been proposed to regulate these Tokens as a commodity or a security. The Crowd Machine team cannot be certain as to how future regulatory developments will impact the treatment of tokens under the law”. KYC/AML will be used for the token sale.

Compliance Token Sale

Company and Team

3.2
Company and Team
Company Stage and Foundation

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

3.0
N/A
3 - Company structure in place.
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?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

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

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

13 team members are listed on the Crowd Machine website (it is stated that Crowd Machine has 27 employees), along with their profile pictures and short descriptions. LinkedIn profiles can be found for the lead team members through manual search. There is a fair balance between individuals with a background in business and in technology. There are individuals on the team that have been involved with other blockchain-related projects.

Company and Team Product

Token Sale

2.2
Token Sale
Raise Amount Max

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

1.0
N/A
1 - Very greedy (e.g. uncapped).
Raise Amount Min

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

1.0
N/A
1 - None or nonsensical.
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?

3.0
N/A
3 - Sufficient company/community interest balance.
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

Details of the token sale are discussed in a separate document (15 pages long) provided on the Crowd Machine website. The total number of CMCT tokens is 2 billion (48.75% is for the public sale, 25% is for the presale (bonus), 6.25% is for the presale (no bonus), 5% is for community and loyalty incentives, and 15% is for the company and inventory reserve). Vesting periods are clearly outlined. The allocation of funds is described with fairly high levels of detail (21% is for sales and marketing, 20% is for the community, 18% is for direct marketing, 19% is for R&D, 3% is for travel, 7% is for support, 1% is for insurances, 1% is for legal fees, 7% is for management, and 3% is for COPS). Further discussion is provided regarding the fees associated with sales and community engagement. The soft and hard caps are unspecified. The public token sale takes place from April 28, 2018 to May 22, 2019.

Product

It is stated that the target user base spans all dApp developers, from users with no coding experience to seasoned developers. A thorough video demonstration of the platform is available through the Crowd Machine website. The product suite consists of the Crowd Computer, the Crowd App Studio, and Crowd Share. The Crowd Computer is comprised of peer-to-peer nodes, including activity contributing nodes (ACNs) and Agoric nodes (super nodes). The Crowd App Studio uses what Crowd Machine calls Patterns (which consist of Activities), instead of code. This allows app creation to be completed in a more simple, visually-focused fashion. Crowd Share allows the commercialization of the applications created by developers. The Crowd Machine GitHub page is not publicly viewable.

Category Breakdown
Readiness

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

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

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

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

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

5.0
N/A
5 - Hardly any (or no) competition.
Innovation

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

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
3.4

Use of Blockchain

CMCT is an ERC20 compliant token and is used to access applications on the Crowd Machine platform and pay service fees. CMCT are rewarded to app developers as well as node operators. Thus, the need to create a custom token is evident.

Category Breakdown
Blockchain Development

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

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

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

4.0
N/A
4 - Generally disruptive.
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?

4.0
N/A
4 - Token is essential to platform.
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.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

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

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
3.6

Whitepaper

The whitepaper is 47 pages long. The technology plan is presented in high levels of detail. The technical discussion is divided into three Crowd Machine products: the Crowd Computer (distributed nodes), the Crowd App Studio, and Crowd Share (GitHub-like source repository). The business plan is presented in moderate detail. The entirety of the discussion, including figures, is contained within approximately 3 pages. Approximately 8 pages containing figures and tables are located in the annexure of the document outlining market research. Overall, the whitepaper is fairly comprehensive.

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?

3.0
N/A
3 - Readable, takes some time.
Transparency

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

4.0
N/A
4 - Informative disclosure.
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?

5.0
N/A
5 - Thorough, viable, convincing, promising.
Whitepaper Score:
4.0

Roadmap

The roadmap presented in the whitepaper spans from January 2018 to May 2019 and contains moderate levels of detail. It is stated that the release of the Crowd App Studio, Crowd Share, and Crowd Virtual Machine was planned to be open for public beta. However, access to these products is not clearly presented though the Crowd Machine website.

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?

2.0
N/A
2 - Very ambitious.
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?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.6

Compliance

There is a document that can be found on the Crowd Machine website which contains a legal discussion of the token sale. The document covers the risk factors involved with the platform, the token, and the token sale, as well as a discussion of the KYC/AML procedure. It is stated that at the time of creating the document, “the Crowd Machine team is not aware of any rules that have been proposed to regulate these Tokens as a commodity or a security. The Crowd Machine team cannot be certain as to how future regulatory developments will impact the treatment of tokens under the law”. KYC/AML will be used for the token sale.

Category Breakdown
Token Utility (value through usage)

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

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

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

3.0
N/A
3 - Partly; compliance not fully assured.
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?

3.0
N/A
3 - Prototype / MVP / alpha.
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?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

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

4.0
N/A
4 - Professional.
Compliance Score:
3.6

Company and Team

13 team members are listed on the Crowd Machine website (it is stated that Crowd Machine has 27 employees), along with their profile pictures and short descriptions. LinkedIn profiles can be found for the lead team members through manual search. There is a fair balance between individuals with a background in business and in technology. There are individuals on the team that have been involved with other blockchain-related projects.

Category Breakdown
Company Stage and Foundation

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

3.0
N/A
3 - Company structure in place.
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?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

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

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
3.2

Token Sale

Details of the token sale are discussed in a separate document (15 pages long) provided on the Crowd Machine website. The total number of CMCT tokens is 2 billion (48.75% is for the public sale, 25% is for the presale (bonus), 6.25% is for the presale (no bonus), 5% is for community and loyalty incentives, and 15% is for the company and inventory reserve). Vesting periods are clearly outlined. The allocation of funds is described with fairly high levels of detail (21% is for sales and marketing, 20% is for the community, 18% is for direct marketing, 19% is for R&D, 3% is for travel, 7% is for support, 1% is for insurances, 1% is for legal fees, 7% is for management, and 3% is for COPS). Further discussion is provided regarding the fees associated with sales and community engagement. The soft and hard caps are unspecified. The public token sale takes place from April 28, 2018 to May 22, 2019.

Category Breakdown
Raise Amount Max

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

1.0
N/A
1 - Very greedy (e.g. uncapped).
Raise Amount Min

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

1.0
N/A
1 - None or nonsensical.
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?

3.0
N/A
3 - Sufficient company/community interest balance.
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:
2.2

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