Basic Rating

  • Datawallet

  • Datawallet is headquartered in San Francisco, California. Datawallet empowers developers to leverage a completely new data universe to build the most advanced applications ever. And it provides compan
  • 3.3

Rating Insights

DataWallet aims to be a decentralized version of a data exchange, utilizing blockchain technology and a cryptography-heavy architecture to ensure that users’ data is secure and shared only with express consent. The data exchange process begins with users uploading the data they wish to share via native apps. The data, which is collected from a number of different platforms (fb, twitter, pinterest, etc.), flows through a pipeline that cleans and structures it, and is then analyzed and cached to populate the data API and insights platform. The platform aims to provide insights for target populations at arbitrary granularity – from large audiences to flexibly determined micro-segments, and down to anonymized personas based upon real users. The data API allows other data product developers to build data products around 100% opt-in data.Competitors: Datum, Repux, (Job.com in basic developement).
Uniqueness/Advantages to competition: Already built and downloadable public apps.

Category Rating

Click any score to view its breakdown and category insights
3.4
Product

Product

IOS and Google Playstore apps already publicly released. The app is very easy to use, with users just downloading, creating an account, and linking their personal social media accounts.
There is a public GITHUB REPO with active engagement. The main focus of the team at the current stage is to complete the ICO and then to push the platform to full decentralization.
The product has appeal and a decent target user base given the incrediable amount of data that is created on the internet from social media accounts and more.
Competitors: Datum, Repux, (Job.com in basic developement).

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?

4.0
N/A
4 - Captivating.
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?

3.0
N/A
3 - Some normal competition.
Innovation

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

2.0
N/A
2 - Some, but nothing outstanding.
2.4
Use of Blockchain

Use of Blockchain

The project offers some contribution to blockchain development as it intends to develop its own data marketplace/exchange and to eventually make it fully decentralized. There is a disruptive advantage as it would enable users to become data-asset owners by committing their data to the blockchain and monetizing it. There is some need for a custom token as the platform is an independent marketplace, however in theory ETH alone could accomplish this as well. The system aims to be fully decentralized in the future. Potentially disruptive since there are currently no channels for general social media users to collect, store, and monetize their data.

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?

3.0
N/A
3 - Potentially disruptive.
Need for Custom Token (vs. BTC or ETH)

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

3.0
N/A
3 - Issuing a custom token is justifiable.
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.
3.8
Whitepaper

Whitepaper

The whitepaper is very clean, concise, and professional, however there is very little media and it reads much like a textbook. The whitepaper describes the product use cases, the goals and dynamics of the ecosystem, the data-exchange architecture, and provides a detailed project roadmap. The legal disclaimer provided is short, honest, and has basic language that aims to absolve the company of any liability.

Comprehensiveness

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

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?

4.0
N/A
4 - Clear, well thought out, realistic.
3.4
Roadmap

Roadmap

The roadmap is very detailed and explict with regard to the goals of each milestone. Platform development is outlined on a version to version basis, however no dates are attached to the milestones. The roadmap shows the current implementation of the application and platform, followed by a second version with smart-contract integration, and a third and final version providing fully decentralized data profiles. There is a public GITHUB REPO for the ICO smart contract and main project with solid activity. Main focus is to use ERC-20 tokens to conduct the ICO and to further develop the goals of the project. Scored a (4) on ‘Dependencies’ since the project will be built on the Ethereum network.

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.
Feasiblity

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

4.0
N/A
4 - Realistic.
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.
2.8
Compliance

Compliance

The DXT-token does have some intrinsic value through its planned usage on the DataWallet platform, as it is used for the opt-in decentralized data marketplace. The DataWallet service is already publicly available via apps on the App Store and Google Play, however the fully decentralized application will be ready only well after the ICO, and it seems that as of now the main focus of the project is to complete the ICO fundraising and then progress toward the data marketplace and decentralized application. The legal review provided is short, honest, and seeks to absolve the company of any liabilities with blanket statements.

The DataWallet team has given attention to compliance laws with a blanket statment that all global securities laws shall be followed, and has registration processes for KYC/AML to eliminate unqualified participates prior to the pre/public sale. The DXT-tokens will only be used as tradable financial instruments on secondary trading exchanges until the decentralized data marketplace is released.

Token Utility (value through usage)

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

2.0
N/A
2 - Minimal or contrived.
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?

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?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)
4.0
Company and Team

Company and Team

An established team, whose members have experience with business administration, cognitive science, data analytics, computer science, business developement, blockchain development, and IT security. The team has three blockchain developers, two of which have previous relevant experience. The two investors in the project (Tim Draper and Marc Benioff) are very well known, with prior investments in companies such as Tesla, Skype, SpaceX, and Salesforce. The three leading core team members are fully dedicated to the project, everyone else is dedicated to at least one other project outside of DataWallet.
All members, investors, and advisors have LinkedIn links on the website with verifiable credentials. Most of the core team has master’s or doctor’s degrees from prestigous universities such as Yale, Harvard, Standford, Carnegie Mellon, and Barcelona.
13 Employees. 5 Advisors. 2 Investors
Positives: The team is very well rounded, has previous experience in blockchain and comes from high academic pedigree.
Negatives: Only 3 members of the core team are fully dedicated ot the project.

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?

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.
3.2
Token Sale

Token Sale

Token Sale Summary
– Goal US$ 40MM
– Soft Cap Hidden
– Total DXT created 1,000,000,000
– Maximum Units of DXT Sold 333,333,333
– Price Per DXT $0.18
Token Distribution
– Token Sale 33.33%
– Developer Pool 16.66%
– User Growth Pool 16.66%
– Datawallet 33.33%
Token Proceeds Allocation
– Development 65%
– Marketing 15%
– Admin 10%
– Legal 5%
– Contingency 5%

Social media presence exists, and has solid engagement however the only social media account for the project is telegram.

Raise Amount Max

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

3.0
N/A
3 - Justifiable.
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?

3.0
N/A
3 - Rough estimates, but sensible.
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?

4.0
N/A
4 - Solid exposure and interest, good impression.

Product

IOS and Google Playstore apps already publicly released. The app is very easy to use, with users just downloading, creating an account, and linking their personal social media accounts.
There is a public GITHUB REPO with active engagement. The main focus of the team at the current stage is to complete the ICO and then to push the platform to full decentralization.
The product has appeal and a decent target user base given the incrediable amount of data that is created on the internet from social media accounts and more.
Competitors: Datum, Repux, (Job.com in basic developement).

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?

4.0
N/A
4 - Captivating.
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?

3.0
N/A
3 - Some normal competition.
Innovation

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

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

Use of Blockchain

The project offers some contribution to blockchain development as it intends to develop its own data marketplace/exchange and to eventually make it fully decentralized. There is a disruptive advantage as it would enable users to become data-asset owners by committing their data to the blockchain and monetizing it. There is some need for a custom token as the platform is an independent marketplace, however in theory ETH alone could accomplish this as well. The system aims to be fully decentralized in the future. Potentially disruptive since there are currently no channels for general social media users to collect, store, and monetize their data.

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?

3.0
N/A
3 - Potentially disruptive.
Need for Custom Token (vs. BTC or ETH)

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

3.0
N/A
3 - Issuing a custom token is justifiable.
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.

Whitepaper

The whitepaper is very clean, concise, and professional, however there is very little media and it reads much like a textbook. The whitepaper describes the product use cases, the goals and dynamics of the ecosystem, the data-exchange architecture, and provides a detailed project roadmap. The legal disclaimer provided is short, honest, and has basic language that aims to absolve the company of any liability.

Comprehensiveness

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

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?

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

Roadmap

The roadmap is very detailed and explict with regard to the goals of each milestone. Platform development is outlined on a version to version basis, however no dates are attached to the milestones. The roadmap shows the current implementation of the application and platform, followed by a second version with smart-contract integration, and a third and final version providing fully decentralized data profiles. There is a public GITHUB REPO for the ICO smart contract and main project with solid activity. Main focus is to use ERC-20 tokens to conduct the ICO and to further develop the goals of the project. Scored a (4) on ‘Dependencies’ since the project will be built on the Ethereum network.

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.
Feasiblity

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

4.0
N/A
4 - Realistic.
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.

Compliance

The DXT-token does have some intrinsic value through its planned usage on the DataWallet platform, as it is used for the opt-in decentralized data marketplace. The DataWallet service is already publicly available via apps on the App Store and Google Play, however the fully decentralized application will be ready only well after the ICO, and it seems that as of now the main focus of the project is to complete the ICO fundraising and then progress toward the data marketplace and decentralized application. The legal review provided is short, honest, and seeks to absolve the company of any liabilities with blanket statements.

The DataWallet team has given attention to compliance laws with a blanket statment that all global securities laws shall be followed, and has registration processes for KYC/AML to eliminate unqualified participates prior to the pre/public sale. The DXT-tokens will only be used as tradable financial instruments on secondary trading exchanges until the decentralized data marketplace is released.

Token Utility (value through usage)

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

2.0
N/A
2 - Minimal or contrived.
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?

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?

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

Company and Team

An established team, whose members have experience with business administration, cognitive science, data analytics, computer science, business developement, blockchain development, and IT security. The team has three blockchain developers, two of which have previous relevant experience. The two investors in the project (Tim Draper and Marc Benioff) are very well known, with prior investments in companies such as Tesla, Skype, SpaceX, and Salesforce. The three leading core team members are fully dedicated to the project, everyone else is dedicated to at least one other project outside of DataWallet.
All members, investors, and advisors have LinkedIn links on the website with verifiable credentials. Most of the core team has master’s or doctor’s degrees from prestigous universities such as Yale, Harvard, Standford, Carnegie Mellon, and Barcelona.
13 Employees. 5 Advisors. 2 Investors
Positives: The team is very well rounded, has previous experience in blockchain and comes from high academic pedigree.
Negatives: Only 3 members of the core team are fully dedicated ot the project.

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?

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.

Token Sale

Token Sale Summary
– Goal US$ 40MM
– Soft Cap Hidden
– Total DXT created 1,000,000,000
– Maximum Units of DXT Sold 333,333,333
– Price Per DXT $0.18
Token Distribution
– Token Sale 33.33%
– Developer Pool 16.66%
– User Growth Pool 16.66%
– Datawallet 33.33%
Token Proceeds Allocation
– Development 65%
– Marketing 15%
– Admin 10%
– Legal 5%
– Contingency 5%

Social media presence exists, and has solid engagement however the only social media account for the project is telegram.

Raise Amount Max

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

3.0
N/A
3 - Justifiable.
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?

3.0
N/A
3 - Rough estimates, but sensible.
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?

4.0
N/A
4 - Solid exposure and interest, good impression.

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