DADI

DADI is a global, decentralized cloud platform, focused on the provision of web services to help you build, scale and grow your digital products.

About DADI

DADI (decentralized architecture for a democratic Internet) is a platform (as well as an ERC20 token) that facilitates decentralized cloud services, focused particularly on cloud computing and data storage using the Ethereum blockchain. It should be noted that the integrity of the DADI team is questionable, considering that a portion of the DADI whitepaper has been found to be plagiarized from a whitepaper belonging to a different organization, SOMN. An official response from the DADI team regarding this issue can be found here: https://medium.com/@daditech/community-update-c3df86acb1e0. However, although the integrity of the team is in question, the team possesses many individuals with extensive experience operating successful technology-focused organizations, as well as people that have had success from a business perspective. DADI claims that the platform has been in development for over four years and that $2MM USD has been directly invested by the founder

Token Sale Use of Blockchain

Product

2.6
Product
Readiness

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

2.0
N/A
2 - Proof of concept or test platform.
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?

4.0
N/A
4 - Large audience / wide 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

The DADI platform is in the early developmental stages of the project. DADI aims to become one of the market leaders in the realm of decentralized cloud services, an area with considerable competition, though if successful, would be able to serve a vast user base that targets both enterprise and consumers. While innovative relative to current cloud services, DADI has much to prove in order to stand out from its competitors that are attempting to incorporate decentralization into well established sectors of the tech industry.

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?

3.0
N/A
3 - Potentially 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?

5.0
N/A
5 - Real, tangible, utility-based value.
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

The advantage of using decentralized infrastructure is that there is no single point of failure since processing is distributed among many nodes located at various parts of the world, as opposed to using traditional data centers. DADI calls their decentralized pool of Internet-connected devices a “fog-computing structure”. DADI plans to allow all devices, from smart-phones to supercomputers, to become part of the fog-computing network. The DADI token will be used in exchange for services provided by the DADI platform. The need for a custom token is apparent, as miners will simultaneously contribute processing power to the fog-computing network and be rewarded with DADI tokens.

Use of Blockchain Roadmap

Whitepaper

2.6
Whitepaper
Comprehensiveness

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

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

1.0
N/A
1 - I still don't get it.
Transparency

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

1.0
N/A
1 - Deliberate obfuscation.
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 far from concise. It is filled with technical jargon that most readers would not understand. Whether this was intentional is up for debate, but other organizations have been able to produce whitepapers that contain relevant technical information, but in a manner that does not seem like the details are deliberately obtuse. Also, DADI links to their website for their lengthy business overview. If all the relevant information was contained within the whitepaper, the length would be well over 100 pages. Although the vast amount of information provided to the reader may seem as though DADI is attempting to be transparent and as detailed as possible, one could argue that an excessively lengthy whitepaper filled with jargon is intentionally obscuring information from the reader. If DADI wants to inform investors about their platform and how it works more effectively, the team needs to produce a whitepaper that is more succinct.

Whitepaper Compliance

Roadmap

2.4
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?

2.0
N/A
2 - Not fully available or trustworthy.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

DADI claims that there are currently over 200 brands using web services on the DADI platform and that the testnet for the blockchain network is currently in production. Currently there are a few enterprise organizations that are utilizing services provided by DADI. One of them is Virgin Limited Edition, a website focused on holiday retreats, where DADI operates the infrastructure that runs the customer relationship management service. Another is Monocle, which uses DADI to manage media assets and was featured in multiple Apple keynotes. In Q1 of 2018, DADI plans to release the beta version of their cloud storage solution. Overall, the roadmap that DADI provides is quite detailed and heavily focused on technological milestones.

Roadmap Company and Team

Compliance

3.0
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?

2.0
N/A
2 - Proof of concept or test platform.
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?

3.0
N/A
3 - Limited to blanket standard.
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 DADI token is both a utility token and an investment towards the DADI platform. As a token holder, users will be able to use DADI tokens in order to utilize services provided by the DADI platform. Eligible individuals were able to register for the presale, where 10 million tokens were sold at 1 DADI = $0.4 USD. It is noticeable that DADI avoided using the term ICO, perhaps for regulatory purposes, and has used the term “crowdsale” instead.

Compliance Token Sale

Company and Team

4.0
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?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

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

4.0
N/A
4 - Well suited 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?

5.0
N/A
5 - Excellent, all aspects covered.

Company and Team

The overall impression of the DADI team is that there is a high degree of competency. DADI states that their team of 18 full-time members have a combined collective experience of 300 years, albeit without being explicit about what kind of experience. The whitepaper gives a link directing readers to the DADI website, where profiles of all the team members can be found along with a bio, LinkedIn profile, and other social media links for all team members. Overall the team has a good balance of individuals with professional backgrounds in technology as well as business.

Company and Team Product

Token Sale

3.2
Token Sale
Raise Amount Max

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

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

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

3.0
N/A
3 - Justifiable.
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?

3.0
N/A
3 - Some presence, lukewarm reception.

Token Sale

The total token supply is 100 million, where 60% is available purchase (10% for presale and 50% for crowdsale), 20% is allocated to the founding team, 10% to partners, 5% to the referral program, 2.5% as an ecosystem fund and 2.5% for operations. The hard cap is $28.75MM USD with a soft cap of $1MM US. The crowdsale takes place on January 29th 2018, where 1 DADI = $0.5 USD.

Product

The DADI platform is in the early developmental stages of the project. DADI aims to become one of the market leaders in the realm of decentralized cloud services, an area with considerable competition, though if successful, would be able to serve a vast user base that targets both enterprise and consumers. While innovative relative to current cloud services, DADI has much to prove in order to stand out from its competitors that are attempting to incorporate decentralization into well established sectors of the tech industry.

Category Breakdown
Readiness

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

2.0
N/A
2 - Proof of concept or test platform.
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?

4.0
N/A
4 - Large audience / wide 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:
2.6

Use of Blockchain

The advantage of using decentralized infrastructure is that there is no single point of failure since processing is distributed among many nodes located at various parts of the world, as opposed to using traditional data centers. DADI calls their decentralized pool of Internet-connected devices a “fog-computing structure”. DADI plans to allow all devices, from smart-phones to supercomputers, to become part of the fog-computing network. The DADI token will be used in exchange for services provided by the DADI platform. The need for a custom token is apparent, as miners will simultaneously contribute processing power to the fog-computing network and be rewarded with DADI tokens.

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?

3.0
N/A
3 - Potentially 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?

5.0
N/A
5 - Real, tangible, utility-based value.
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 far from concise. It is filled with technical jargon that most readers would not understand. Whether this was intentional is up for debate, but other organizations have been able to produce whitepapers that contain relevant technical information, but in a manner that does not seem like the details are deliberately obtuse. Also, DADI links to their website for their lengthy business overview. If all the relevant information was contained within the whitepaper, the length would be well over 100 pages. Although the vast amount of information provided to the reader may seem as though DADI is attempting to be transparent and as detailed as possible, one could argue that an excessively lengthy whitepaper filled with jargon is intentionally obscuring information from the reader. If DADI wants to inform investors about their platform and how it works more effectively, the team needs to produce a whitepaper that is more succinct.

Category Breakdown
Comprehensiveness

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

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

1.0
N/A
1 - I still don't get it.
Transparency

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

1.0
N/A
1 - Deliberate obfuscation.
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:
2.6

Roadmap

DADI claims that there are currently over 200 brands using web services on the DADI platform and that the testnet for the blockchain network is currently in production. Currently there are a few enterprise organizations that are utilizing services provided by DADI. One of them is Virgin Limited Edition, a website focused on holiday retreats, where DADI operates the infrastructure that runs the customer relationship management service. Another is Monocle, which uses DADI to manage media assets and was featured in multiple Apple keynotes. In Q1 of 2018, DADI plans to release the beta version of their cloud storage solution. Overall, the roadmap that DADI provides is quite detailed and heavily focused on technological milestones.

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?

2.0
N/A
2 - Not fully available or trustworthy.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.4

Compliance

The DADI token is both a utility token and an investment towards the DADI platform. As a token holder, users will be able to use DADI tokens in order to utilize services provided by the DADI platform. Eligible individuals were able to register for the presale, where 10 million tokens were sold at 1 DADI = $0.4 USD. It is noticeable that DADI avoided using the term ICO, perhaps for regulatory purposes, and has used the term “crowdsale” instead.

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?

2.0
N/A
2 - Proof of concept or test platform.
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?

3.0
N/A
3 - Limited to blanket standard.
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:
3.0

Company and Team

The overall impression of the DADI team is that there is a high degree of competency. DADI states that their team of 18 full-time members have a combined collective experience of 300 years, albeit without being explicit about what kind of experience. The whitepaper gives a link directing readers to the DADI website, where profiles of all the team members can be found along with a bio, LinkedIn profile, and other social media links for all team members. Overall the team has a good balance of individuals with professional backgrounds in technology as well as business.

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?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

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

4.0
N/A
4 - Well suited 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?

5.0
N/A
5 - Excellent, all aspects covered.
Company and Team Score:
4.0

Token Sale

The total token supply is 100 million, where 60% is available purchase (10% for presale and 50% for crowdsale), 20% is allocated to the founding team, 10% to partners, 5% to the referral program, 2.5% as an ecosystem fund and 2.5% for operations. The hard cap is $28.75MM USD with a soft cap of $1MM US. The crowdsale takes place on January 29th 2018, where 1 DADI = $0.5 USD.

Category Breakdown
Raise Amount Max

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

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

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

3.0
N/A
3 - Justifiable.
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?

3.0
N/A
3 - Some presence, lukewarm reception.
Token Sale Score:
3.2

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