Gilgamesh Platform

Gilgamesh is a knowledge-sharing social platform powered by Ethereum smart contracts and blockchain technology.

About Gilgamesh Platform

Gilgamesh is a social media platform that is focused on creating an ecosystem that promotes discussion and the exchange of knowledge. More specifically, Gilgamesh is targeting book readers and authors in a manner that allows for engagement and the exchange of ideas and insight. Gilgamesh will incentivize engagement by rewarding users with GIL tokens.

Token Sale Use of Blockchain

Product

1.6
Product
Readiness

Is the product 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.
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?

1.0
N/A
1 - None or indeterminate.

Product

Gilgamesh plans to provide this service for readers, critics, authors, and other service providers. Gilgamesh discusses how it will be able to disrupt the publication industry, but does not discuss in detail how it plans to compete with other existing solutions. The project is still in a stage of conceptualization and much development will be required to launch a minimum viable product.

Product Whitepaper

Use of Blockchain

1.8
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 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.)?

1.0
N/A
1 - Essentially centralized.
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

GIL is an ERC20 compliant utility token. There is little need to create a custom token for this project. However, Gilgamesh states that GIL token holders will have voting rights regarding future development. Although it is explicitly stated in the whitepaper that GIL tokens are not meant to be treated as an investment, without concrete, independent use cases, it is difficult to justify the need for a unique token other than to generate funds for the platform.

Use of Blockchain Roadmap

Whitepaper

2.6
Whitepaper
Comprehensiveness

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

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

2.0
N/A
2 - Missing critical information.
Technology Presentation

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

1.0
N/A
1 - Severely lacking.

Whitepaper

The whitepaper contains low levels of technological detail and business related information. The business plan is not well established, and is comprised mainly of a vague discussion concerning working with third-parties and using a portion of the funds for marketing, so as to increase adoption of the platform. Multiple times in the whitepaper, Gilgamesh claims that one of its goals is to “advance the human race”. An ambitious goal, considering that the the business and technology plans are quite weak.

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.
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?

2.0
N/A
2 - Riding the current wave.
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?

1.0
N/A
1 - Nowhere yet.

Roadmap

The first phase of the development of the Gilgamesh ecosystem is focused on adoption and growth of the platform. The second phase involves creating systems that will eliminate the need for publishing institutions and allow for more direct communication between authors and readers. Milestones span from the beginning of 2018 to the end of 2019, and have a fair amount of detail. Until Q3 2018, most developmental resources are allocated to producing an IOS application, conducting research, and expanding the team. In Q3 2018, it is expected that the first version of the platform will be released with GIL token integration.

Roadmap Company and Team

Compliance

2.4
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?

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?

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?

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

A section of the whitepaper is dedicated to legal considerations. Gilgamesh states that the GIL tokens are non-refundable and that there are no guarantees as to whether the GIL token holds any inherent value or future value. It is also explicitly stated that the GIL tokens are not securities and that GIL tokens should not be used for investment purposes. KYC verification will be used for the token sale.

Compliance Token Sale

Company and Team

2.4
Company and Team
Company Stage and Foundation

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

2.0
N/A
2 - Initial stages of formation.
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?

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?

2.0
N/A
2 - Somewhat skewed.

Company and Team

Information about the Gilgamesh team (4 people) can be found on their website. Profile pictures, short descriptions, and links to social media profiles are provided. The founder of Gilgamesh has extensive development experience and has worked as an Ethereum Smart Contract Developer. The project manager also has developer experience, as she is a software engineer. The team is quite small and it is stated that there are open positions available at the company, indicating that the team is not yet well established and the team structure is currently under development.

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)?

3.0
N/A
3 - Justifiable.
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?

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?

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

The total number of GIL tokens is 18 million (25% is for sale, 20% is for the founders, 5% is for early contributors and advisors, 20% is reserved for Gilgamesh, and 30% is allocated to users in the Gilgamesh platform). It is planned that token holders will be able to have voting rights. The hardcap is 12,500 ETH with a minimum contribution of 0.1 ETH, where 1 ETH = 1200 GIL. The token sale begins January 14, 2018 until March 25, 2018.

Product

Gilgamesh plans to provide this service for readers, critics, authors, and other service providers. Gilgamesh discusses how it will be able to disrupt the publication industry, but does not discuss in detail how it plans to compete with other existing solutions. The project is still in a stage of conceptualization and much development will be required to launch a minimum viable product.

Category Breakdown
Readiness

Is the product 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.
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?

1.0
N/A
1 - None or indeterminate.
Product Score:
1.6

Use of Blockchain

GIL is an ERC20 compliant utility token. There is little need to create a custom token for this project. However, Gilgamesh states that GIL token holders will have voting rights regarding future development. Although it is explicitly stated in the whitepaper that GIL tokens are not meant to be treated as an investment, without concrete, independent use cases, it is difficult to justify the need for a unique token other than to generate funds for the platform.

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 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.)?

1.0
N/A
1 - Essentially centralized.
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:
1.8

Whitepaper

The whitepaper contains low levels of technological detail and business related information. The business plan is not well established, and is comprised mainly of a vague discussion concerning working with third-parties and using a portion of the funds for marketing, so as to increase adoption of the platform. Multiple times in the whitepaper, Gilgamesh claims that one of its goals is to “advance the human race”. An ambitious goal, considering that the the business and technology plans are quite weak.

Category Breakdown
Comprehensiveness

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

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

2.0
N/A
2 - Missing critical information.
Technology Presentation

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

1.0
N/A
1 - Severely lacking.
Whitepaper Score:
2.6

Roadmap

The first phase of the development of the Gilgamesh ecosystem is focused on adoption and growth of the platform. The second phase involves creating systems that will eliminate the need for publishing institutions and allow for more direct communication between authors and readers. Milestones span from the beginning of 2018 to the end of 2019, and have a fair amount of detail. Until Q3 2018, most developmental resources are allocated to producing an IOS application, conducting research, and expanding the team. In Q3 2018, it is expected that the first version of the platform will be released with GIL token integration.

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.
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?

2.0
N/A
2 - Riding the current wave.
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?

1.0
N/A
1 - Nowhere yet.
Roadmap Score:
2.6

Compliance

A section of the whitepaper is dedicated to legal considerations. Gilgamesh states that the GIL tokens are non-refundable and that there are no guarantees as to whether the GIL token holds any inherent value or future value. It is also explicitly stated that the GIL tokens are not securities and that GIL tokens should not be used for investment purposes. KYC verification 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)?

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?

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?

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?

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:
2.4

Company and Team

Information about the Gilgamesh team (4 people) can be found on their website. Profile pictures, short descriptions, and links to social media profiles are provided. The founder of Gilgamesh has extensive development experience and has worked as an Ethereum Smart Contract Developer. The project manager also has developer experience, as she is a software engineer. The team is quite small and it is stated that there are open positions available at the company, indicating that the team is not yet well established and the team structure is currently under development.

Category Breakdown
Company Stage and Foundation

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

2.0
N/A
2 - Initial stages of formation.
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?

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?

2.0
N/A
2 - Somewhat skewed.
Company and Team Score:
2.4

Token Sale

The total number of GIL tokens is 18 million (25% is for sale, 20% is for the founders, 5% is for early contributors and advisors, 20% is reserved for Gilgamesh, and 30% is allocated to users in the Gilgamesh platform). It is planned that token holders will be able to have voting rights. The hardcap is 12,500 ETH with a minimum contribution of 0.1 ETH, where 1 ETH = 1200 GIL. The token sale begins January 14, 2018 until March 25, 2018.

Category Breakdown
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?

1.0
N/A
1 - None or nonsensical.
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?

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:
2.2

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