HybridBlock

Innovative trading and education platform for leveraging the disruptive technologies emerging from the blockchain space.

About HybridBlock

The HybridBlock ecosystem, for cryptocurrency exchange transactions, will consist of BaseTrade (for basic buying and selling), a web-based HybridExchange (for intermediate users), and a standalone platform HybridTerminal (for advanced traders and institutions), as well as the Hybrid Data Feed and HybridCentral, an educational community platform for learning about cryptocurrency. Hybrid Token holders will receive discounted rates, exclusive access to new products and services, and opportunities to invest in future ICO/Token Sales.
Competitors: Kucoin, Binance, Bittrex, GDAX, Gemini, Kraken, Poloniex, Bitfinex, OKEx, CoinMetro, Quifas, Robinhood, ApolloDAE
Uniqueness/Advantages to competition: Provides various services which cater to different levels of trading competencies.

Token Sale Use of Blockchain

Product

1.8
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?

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?

1.0
N/A
1 - Many / much better competitors.
Innovation

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

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

Product

HybridBlock is meant to be an easy to use cryptocurrency exchange that offers various services based on trader competencies. There is currently no publicly accessible github repository for the project. The mobile apps, beta dev/testing, and full platform launch are planned for after the ICO (see Roadmap).
There is appeal to the platform as there has been an ever increasing demand for cryptocurrency exchanges. The target user base is very large in terms of the crypto community, but it is a service that caters only to the crypto community, which is about 5% or less of the current global population. So the target audience is a general one with room to expand as cryptocurrency adoption increases. There is a large amount of competition in this space, with competitors that are very well known and have been very successful. More exchanges are launching almost every month.
Competitors: Kucoin, Binance, Bittrex, GDAX, Gemini, Kraken, Poloniex, Bitfinex, OKEx, CoinMetro, Quifas, Robinhood, Apollo DAE

Product Whitepaper

Use of Blockchain

2.6
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?

2.0
N/A
2 - Some, but not much.
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?

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.)?

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 Hybrid token is ERC-20 standard and is the main utility for access to and transactions in the HybridBlock cryptocurrency exchange.
HybridBlock’s contribution to blockchain development is in the utilization of the Ethereum blockchain for creating a new platform for cryptocurrency exchange transactions.
The project’s primary disruptive advantage is based on its use of blockchain technology to create a transparent and secure ecosystem for cryptocurrency exchange transactions.
The need for a custom token is for payment of transaction fees and for all services within network, to power the market-efficiency mechanism, and as a tradable cryptocurrency available on the open market.
The contribution to the blockchain ecosystem is in developing a new blockchain based, cryptocurrency exchange thus increasing liquidity in the cryptocurrency marketplace.

Use of Blockchain Roadmap

Whitepaper

3.4
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?

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?

3.0
N/A
3 - More information required.

Whitepaper

The whitepaper is professional, very visually pleasant, informative, and provides a balanced mixture of media and textual explanation. The whitepaper is 37 pages long and is overall readable and understandable. The whitepaper includes the following sections: Abstract, Introduction, Products, HybridFX, HybridWallet, HybridToken, Roadmap, Team, Advisors, Partners, and Legal. The business plan behind HybridBlock is detailed and concisely explained including textual and graphical explanations. However, the technology presentation is very sparsely presented and would warrant further detail, especially since a publicly accessible github is not provided. References are not provided.

Whitepaper Compliance

Roadmap

2.8
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?

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?

4.0
N/A
4 - Available and trusted.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

A vague project roadmap is given with milestones presented on a monthly basis. Obstacles lie ahead as beta platform and beta exchange development/deployment, and final platform release will occur after the ICO. The roadmap provides major milestones and no descriptions of the intermediate steps required to complete each milestone.

Platform Roadmap:
MAR 2017 – Research & Development
MAY 2017 – HybridBlock™ Concept
JUL 2017 – Whitepaper draft / Website launch
SEP 2017 – HybridBlock Press Conference, Hong Kong
OCT 2017 – HybridBlock Pre-Launch Conference, Penang Malaysia, / HybridBlock Pre-Launch Conference Macau
NOV 2017 – Official Whitepaper Release
DEC 2017 – HybridCentral™ Beta / HybridSummit 2017, Macau
JAN 2018 – Token Pre-Sale / Hybrid Forum Manila, Philippines / Hybrid Forum Kuala Lumpur, Malaysia
APR 2018 – Open Token Sale (Public)
MAY 2018 – BaseTrade™ Beta & HybridExchange™ Beta
SEP 2018 – HybridTerminal™ Beta, HybridFX™ Product 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)?

3.0
N/A
3 - Limited or uncertain use cases.
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?

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?

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

Hybrid tokens serve three primary functions: for payment of transaction fees and for all services within the network, for powering the market-efficiency mechanism, and as a tradable cryptocurrency available on the open market. The token smart-contract code is not posted for review and there is no publicly accessible github repository. Compliance is addressed with direct statements of AML & KYC Due Diligence and enforced with a registration whitelisting process with ID picture upload 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

3.6
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?

5.0
N/A
5 - Accomplished, recognized.
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

HybridBlock has an established team with 16 employees and 14 advisors.
The core team has experience in sports (one co-founder is a Winter Olympic medalist and is still involved in the Olympic Games), ICO/cryptocurrency/blockchain projects, investments/finance/economics, high-tech entrepreneurship, trading technology, business development, project managment, frontend/backend development, marketing, and strategic partnerships. Some members have experience with Binance and Blockchain Holdings group.
The advisors have experience in cryptocurrency/blockchain/smart-contract projects, software, and venture capitalism and investments.
All team members and most advisors have verifiable work experience credentials via LinkedIn profiles, but some profiles provide little information.
Positives: The core team is well rounded and team members and advisors have previous experience with very sucessful cryptocurrency/blockchain/smart-contract projects.
Negatives: Not all members are fully dedicated to the project and there is no blockchain developer identified on the team..

Company and Team Product

Token Sale

2.6
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?

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?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

Hybrid Token
Total supply: 1 Billion HybridTokens
Token Price: 1 HybridTokens = 0.30 USD (33% presale discount)
Hard Cap: $50 million
Min Cap: Reached in pre-sale

Token Allocation
53% ICO
27% Team & Advisors
20% Marketing, partners, & bounty

ICO Proceeds Distribution
30% Scaling
24% Marketing
20% Reserve
18% R&D Overhead
08% Legal

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

Product

HybridBlock is meant to be an easy to use cryptocurrency exchange that offers various services based on trader competencies. There is currently no publicly accessible github repository for the project. The mobile apps, beta dev/testing, and full platform launch are planned for after the ICO (see Roadmap).
There is appeal to the platform as there has been an ever increasing demand for cryptocurrency exchanges. The target user base is very large in terms of the crypto community, but it is a service that caters only to the crypto community, which is about 5% or less of the current global population. So the target audience is a general one with room to expand as cryptocurrency adoption increases. There is a large amount of competition in this space, with competitors that are very well known and have been very successful. More exchanges are launching almost every month.
Competitors: Kucoin, Binance, Bittrex, GDAX, Gemini, Kraken, Poloniex, Bitfinex, OKEx, CoinMetro, Quifas, Robinhood, Apollo DAE

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?

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?

1.0
N/A
1 - Many / much 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:
1.8

Use of Blockchain

The Hybrid token is ERC-20 standard and is the main utility for access to and transactions in the HybridBlock cryptocurrency exchange.
HybridBlock’s contribution to blockchain development is in the utilization of the Ethereum blockchain for creating a new platform for cryptocurrency exchange transactions.
The project’s primary disruptive advantage is based on its use of blockchain technology to create a transparent and secure ecosystem for cryptocurrency exchange transactions.
The need for a custom token is for payment of transaction fees and for all services within network, to power the market-efficiency mechanism, and as a tradable cryptocurrency available on the open market.
The contribution to the blockchain ecosystem is in developing a new blockchain based, cryptocurrency exchange thus increasing liquidity in the cryptocurrency marketplace.

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?

2.0
N/A
2 - Some, but not much.
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?

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.)?

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:
2.6

Whitepaper

The whitepaper is professional, very visually pleasant, informative, and provides a balanced mixture of media and textual explanation. The whitepaper is 37 pages long and is overall readable and understandable. The whitepaper includes the following sections: Abstract, Introduction, Products, HybridFX, HybridWallet, HybridToken, Roadmap, Team, Advisors, Partners, and Legal. The business plan behind HybridBlock is detailed and concisely explained including textual and graphical explanations. However, the technology presentation is very sparsely presented and would warrant further detail, especially since a publicly accessible github is not provided. References are not provided.

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?

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?

3.0
N/A
3 - More information required.
Whitepaper Score:
3.4

Roadmap

A vague project roadmap is given with milestones presented on a monthly basis. Obstacles lie ahead as beta platform and beta exchange development/deployment, and final platform release will occur after the ICO. The roadmap provides major milestones and no descriptions of the intermediate steps required to complete each milestone.

Platform Roadmap:
MAR 2017 – Research & Development
MAY 2017 – HybridBlock™ Concept
JUL 2017 – Whitepaper draft / Website launch
SEP 2017 – HybridBlock Press Conference, Hong Kong
OCT 2017 – HybridBlock Pre-Launch Conference, Penang Malaysia, / HybridBlock Pre-Launch Conference Macau
NOV 2017 – Official Whitepaper Release
DEC 2017 – HybridCentral™ Beta / HybridSummit 2017, Macau
JAN 2018 – Token Pre-Sale / Hybrid Forum Manila, Philippines / Hybrid Forum Kuala Lumpur, Malaysia
APR 2018 – Open Token Sale (Public)
MAY 2018 – BaseTrade™ Beta & HybridExchange™ Beta
SEP 2018 – HybridTerminal™ Beta, HybridFX™ Product 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?

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?

4.0
N/A
4 - Available and trusted.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.8

Compliance

Hybrid tokens serve three primary functions: for payment of transaction fees and for all services within the network, for powering the market-efficiency mechanism, and as a tradable cryptocurrency available on the open market. The token smart-contract code is not posted for review and there is no publicly accessible github repository. Compliance is addressed with direct statements of AML & KYC Due Diligence and enforced with a registration whitelisting process with ID picture upload 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)?

3.0
N/A
3 - Limited or uncertain use cases.
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?

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?

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

HybridBlock has an established team with 16 employees and 14 advisors.
The core team has experience in sports (one co-founder is a Winter Olympic medalist and is still involved in the Olympic Games), ICO/cryptocurrency/blockchain projects, investments/finance/economics, high-tech entrepreneurship, trading technology, business development, project managment, frontend/backend development, marketing, and strategic partnerships. Some members have experience with Binance and Blockchain Holdings group.
The advisors have experience in cryptocurrency/blockchain/smart-contract projects, software, and venture capitalism and investments.
All team members and most advisors have verifiable work experience credentials via LinkedIn profiles, but some profiles provide little information.
Positives: The core team is well rounded and team members and advisors have previous experience with very sucessful cryptocurrency/blockchain/smart-contract projects.
Negatives: Not all members are fully dedicated to the project and there is no blockchain developer identified on 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?

5.0
N/A
5 - Accomplished, recognized.
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:
3.6

Token Sale

Hybrid Token
Total supply: 1 Billion HybridTokens
Token Price: 1 HybridTokens = 0.30 USD (33% presale discount)
Hard Cap: $50 million
Min Cap: Reached in pre-sale

Token Allocation
53% ICO
27% Team & Advisors
20% Marketing, partners, & bounty

ICO Proceeds Distribution
30% Scaling
24% Marketing
20% Reserve
18% R&D Overhead
08% Legal

Social Media Presence & Following
There is 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)?

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?

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?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
2.6

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