Fortknoxster

A Crypto Community that safeguards all your communications and data

About Fortknoxster

FortKnoxster is a cyber-security company that specializes in developing secure and encrypted communication solutions. The company has developed a unique encryption platform aimed primarily at the B2C market, delivered in an EaaS (Encryption-as-a-Service) model. FortKnoxster has been designed with unique and novel architecture and features, which aim to encompass all the communications and data-storage needs of platform users, including Inbox, Distributed File Storage, Chat, Calling, Group Calling/Conferencing, Screen Sharing, Voice Messages, and an Intuitive Dashboard. FortKnoxster aims to address the need to protect communications and data from cyber-criminals – and at the same time maintain a very high level of privacy.
Competitors: Skype, Slack, Telegram, Dropbox, Facetime, Gmail, Kik
Uniqueness/Advantages to competition: Combines many legacy digital communication platforms into one and aims to provide encryption protection via blockchain

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?

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?

5.0
N/A
5 - General audience / mass 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

Andriod and IOS apps are available and functional, and a demo platform is available for trial download on the Fortknoxster website. The FortKnoxster platform is scheduled to be further developed and launched in various parts of the world in the coming years (see Roadmap).
There is appeal to the FortKnoxster product, given the tremendous number of users throughout the world of communications technology in all its forms, for which FortKnoxster aims to provide. The potential / target user-base is very large, as much of the global population uses digital communication in some form. There is large legacy competition and competition over time will greatly stiffen as blockchain technology adoption continues, given the size of the target audience.
Competitors: Skype, Slack, Telegram, Dropbox, Facetime, Gmail, Kik

Product Whitepaper

Use of Blockchain

2.4
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?

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?

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.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
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

The project offers some contribution to blockchain development as it has developed its own app for all types of digital communication and aims to be a one-stop shop for encryption as a service for communication products. There is a disruptive advantage as, in theory, it would enable further decentralization of centralized applications such as Skype, Slack, Telegram, Dropbox, Facetime, Gmail, etc., allowing users to take control of and protect their communications and data. Pontentially disruptive since such applications are currently completely centralized. There is need for a custom token as the platform is an independent dapp, however in theory ETH alone could accomplish this as well.

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 very well put together, professional and aesthetic, and provides a good mixture of media and textual explanation. The whitepaper is somewhat long at 49-pages, but can be read very quickly due to the amount of presented media. The whitepaper sections include: an Executive Summary, Introduction, the challenge, the mission statement, the technology, the ICO, the Roadmap and the team. The business plan and technology behind Fortknoxster are thoroughly and concisely explained in detail.

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 very basic roadmap is given on a quarter-to-quarter basis, starting with being ‘Edward Snowden Revelations’. Critical obstacles lie ahead with blockchain testing for the platform planned only for Q2 2019, and a public launch not until Q3 2018. The roadmap is vague and brief descriptions are provided for what the intermediary steps required to completely each milestone.
Important Milestones:
Q2 2016 – Private Beta
Q4 2016 – Live Users
Q2 2017 – Code Rewrite
Q3 2017 – Public Token Sale Planning
Q1 2018 – Public Token Sale Finalized
Q2 2018 – Blockchain Testing
Q3 2018 – Public Launch

Roadmap Company and Team

Compliance

2.8
Compliance
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?

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?

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

The FKX-token has intrinsic value through its planned usage on the FortKnoxster platform, allowing users to securly store and interact with digital communication services and data. The token’s main utility is as a tradable financial instrument, as it is used specifically for payments and markeplace settlements but also allows for platform interaction.
The token smart-contract infrastructure will be completed after the ICO, however there is currently apps available on the Android and IOS app-stores, as well as a demo available on the website.
Compliance is addressed with direct statements of AML & KYC Due Diligence and enforced with a registration whitelisting process and manual screening of all platform registrants.
The legal review and terms and conditions of the sale are detailed, professional, and thorough, aiming to absolve the company of any liability regarding the ICO and any problems that may occur, and providing a general statment that the tokens are not to be deemed a security.

Compliance Token Sale

Company and Team

2.6
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?

3.0
N/A
3 - Minimally sufficient.
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?

2.0
N/A
2 - Lacking in key areas.
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

Fortknoxster has an established team with 6 employees and 6 advisors.
The core team has experience in telecomunnications, engineering, analytics, finance/accounting, graphics design, computer science and app-development.
The advisors have backgrounds in IT, tech development, investing, cryptocurrency and blockchain projects.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team are fully dedicated to the project, while others are also dedicated to multiple projects outside of Fortknoxster platform. One core team member and a few advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects and ICO consultation.
Positives: The core team is well rounded and has committed advisors with previous blockchain, cryptocurrency, or smart contract experience.
Negatives: Not all members are fully dedicated to the project, no core member has previous blockchain, cryptocurrency or smart contract project experience, and no blockchain developers are currently part of the team.

Company and Team Product

Token Sale

2.8
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?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

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

2.0
N/A
2 - Unclear or suspicious.
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

FortKnoxster Coin (FKX)
Total Supply: 150 Million FKX, 89.25 Million for Token Sale
1 USD = 5.25 FKX
Hard cap: $15 Million

Token Distribution
ICO 59.5%
Partners and Advisors 12.0%
Community Incentives 11.0%
Fortknoxster 10.0%
Founders 7.5%

Token Proceeds Budget
47% Sales & Marketing
30% Development
12% Legal & Admin
11% Misc

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

Product

Andriod and IOS apps are available and functional, and a demo platform is available for trial download on the Fortknoxster website. The FortKnoxster platform is scheduled to be further developed and launched in various parts of the world in the coming years (see Roadmap).
There is appeal to the FortKnoxster product, given the tremendous number of users throughout the world of communications technology in all its forms, for which FortKnoxster aims to provide. The potential / target user-base is very large, as much of the global population uses digital communication in some form. There is large legacy competition and competition over time will greatly stiffen as blockchain technology adoption continues, given the size of the target audience.
Competitors: Skype, Slack, Telegram, Dropbox, Facetime, Gmail, Kik

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?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass 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:
3.4

Use of Blockchain

The project offers some contribution to blockchain development as it has developed its own app for all types of digital communication and aims to be a one-stop shop for encryption as a service for communication products. There is a disruptive advantage as, in theory, it would enable further decentralization of centralized applications such as Skype, Slack, Telegram, Dropbox, Facetime, Gmail, etc., allowing users to take control of and protect their communications and data. Pontentially disruptive since such applications are currently completely centralized. There is need for a custom token as the platform is an independent dapp, however in theory ETH alone could accomplish this as well.

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?

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?

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.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
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:
2.4

Whitepaper

The whitepaper is very well put together, professional and aesthetic, and provides a good mixture of media and textual explanation. The whitepaper is somewhat long at 49-pages, but can be read very quickly due to the amount of presented media. The whitepaper sections include: an Executive Summary, Introduction, the challenge, the mission statement, the technology, the ICO, the Roadmap and the team. The business plan and technology behind Fortknoxster are thoroughly and concisely explained in detail.

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 very basic roadmap is given on a quarter-to-quarter basis, starting with being ‘Edward Snowden Revelations’. Critical obstacles lie ahead with blockchain testing for the platform planned only for Q2 2019, and a public launch not until Q3 2018. The roadmap is vague and brief descriptions are provided for what the intermediary steps required to completely each milestone.
Important Milestones:
Q2 2016 – Private Beta
Q4 2016 – Live Users
Q2 2017 – Code Rewrite
Q3 2017 – Public Token Sale Planning
Q1 2018 – Public Token Sale Finalized
Q2 2018 – Blockchain Testing
Q3 2018 – Public Launch

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 FKX-token has intrinsic value through its planned usage on the FortKnoxster platform, allowing users to securly store and interact with digital communication services and data. The token’s main utility is as a tradable financial instrument, as it is used specifically for payments and markeplace settlements but also allows for platform interaction.
The token smart-contract infrastructure will be completed after the ICO, however there is currently apps available on the Android and IOS app-stores, as well as a demo available on the website.
Compliance is addressed with direct statements of AML & KYC Due Diligence and enforced with a registration whitelisting process and manual screening of all platform registrants.
The legal review and terms and conditions of the sale are detailed, professional, and thorough, aiming to absolve the company of any liability regarding the ICO and any problems that may occur, and providing a general statment that the tokens are not to be deemed a security.

Category Breakdown
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?

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?

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:
2.8

Company and Team

Fortknoxster has an established team with 6 employees and 6 advisors.
The core team has experience in telecomunnications, engineering, analytics, finance/accounting, graphics design, computer science and app-development.
The advisors have backgrounds in IT, tech development, investing, cryptocurrency and blockchain projects.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team are fully dedicated to the project, while others are also dedicated to multiple projects outside of Fortknoxster platform. One core team member and a few advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects and ICO consultation.
Positives: The core team is well rounded and has committed advisors with previous blockchain, cryptocurrency, or smart contract experience.
Negatives: Not all members are fully dedicated to the project, no core member has previous blockchain, cryptocurrency or smart contract project experience, and no blockchain developers are currently part of 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?

3.0
N/A
3 - Minimally sufficient.
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?

2.0
N/A
2 - Lacking in key areas.
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:
2.6

Token Sale

FortKnoxster Coin (FKX)
Total Supply: 150 Million FKX, 89.25 Million for Token Sale
1 USD = 5.25 FKX
Hard cap: $15 Million

Token Distribution
ICO 59.5%
Partners and Advisors 12.0%
Community Incentives 11.0%
Fortknoxster 10.0%
Founders 7.5%

Token Proceeds Budget
47% Sales & Marketing
30% Development
12% Legal & Admin
11% Misc

Social Media Presence & Following
There is very 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?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

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

2.0
N/A
2 - Unclear or suspicious.
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:
2.8

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