KELTA

Kelta focuses on offering computing power to scientific researchers, scholars, cryptocurrency miners and many others who might need it. Kelta is offering a hassle-free opportunity of using computing p

About KELTA

Kelta offers a crypto-farm and data center. Together with its parent company, AGEM DATA, Kelta has already constructed a state-of-the art 2700 square-meter facility in Bratislava, Slovakia. The data center features tier-3 level security, a liquid immersion cooling system, and two seperate electrical connections together supplying the facility with 20 megawatts of electrical power. Kelta is holding an ICO in order to raise funds to purchase the necessary hardware (GPUs) to make the data center fully operational, and to develop a mobile and web application for easy access to data center services. Token holders will be able to access one watt of data center capacity per token held, in order to perform scientific research or other computations, through the Kelta mobile and web applications.
Competitors: Golem, SONM, iExec, Sparc, GridCoin
Uniqueness/Advantages to competition: Developing a mobile platform.

Token Sale Use of Blockchain

Product

2.8
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?

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?

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

Kelta is meant to be a one-of-a-kind data center. There is a claim of a computational power facility that is available to use, with more to be built after the ICO. There is no publicly accessible github repo, and the mobile app is planned to be launched after the ICO (see Roadmap).
There is appeal to the platform as there is increasing demand for computational power services. The target user base is the research and mining communities which is not too large but will expand as cryptocurrency adoption increases. There is a large amount of competition in this space, with well known competitors that have been very successful.
Competitors: Golem, SONM, iExec, Sparc, GridCoin

Product Whitepaper

Use of Blockchain

3.4
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
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?

4.0
N/A
4 - Token is essential to platform.
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?

3.0
N/A
3 - Interesting.

Use of Blockchain

Kelta’s contribution to blockchain development is in creating a new decentralized computational power network using the Ethereum blockchain. The project’s primary disruptive advantage is in a future mobile platform enabling use via mobile iOS/Android applications. There is need for a custom token, which allows scientific researchers, cryptocurrency miners, and other types of users to gain access to the KELTA data center. Tokens can also be rented to other users. The contribution to the blockchain ecosystem is in developing a new blockchain based, computational power network for scientific research.

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 professional and informative and provides a balanced mixture of media and textual explanation. The whitepaper is 26 pages in length and is easy to read and understand given the amount of media presented. The whitepaper provides high level information discussing the KELTA ICO, data center background, use cases, and legal considerations. The business and technology plans behind Kelta are detailed and concisely explained including detailed textual and graphical explanations. No references are provided.

Whitepaper Compliance

Roadmap

3.0
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?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

A platform roadmap is given on a monthly basis. Obstacles lie ahead as mining site construction and public platform launch will occur after the ICO. The roadmap provides major milestones and no descriptions of the intermediate steps required to complete each milestone.

Major Future Milestones:
Oct 2017 ICO Preparation
Dec 2017 Presentation Release
Jan 2018 White paper published on the website
Mar 2018 Token Pre-sale
Apr 2018 General Token Sale / Mobile Application Luanch
May 2018 Token Distribuiton to Tokenholders
Jun 2018 Projected installation of 2MW
Jul 2018 Projected installation of 3MW
Aug 2018 Projected installation of 5MW

Roadmap Company and Team

Compliance

4.4
Compliance
Token Utility (value through usage)

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

5.0
N/A
5 - Foundational or varied use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

5.0
N/A
5 - Only through utility value, or airtight compliance.
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?

4.0
N/A
4 - Beta or initial rollout.
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 Kelta tokens have intrinsic value through their planned usage on the Kelta platform by allowing for acess to mining/computational power on the platform. The token’s main utility is to gain access to the Kelta data center computational power – each KLT token represents 1 watt of capacity with access to the app and community resources. The token smart-contract code is not posted for review and there is no publicly accessible github repo. The whitepaper contains a disclaimer and a discussion of risk factors, and KYC is is enforced with a whitelisting process that includes ID document upload. The legal disclaimer states that the tokens are intended for use as functional utility tokens and and come with no warranties. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security and will comply with all laws in areas which the platform is offered.

Compliance Token Sale

Company and Team

3.4
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?

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?

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

Kelta has an established team with 7 core employees, 1 advisor, and 29 datacenter employees.
The core team has experience in cryptocurrency mining operations and hardware (including immersion cooling tech), finance, business communications, law, auditing, and risk managment.
The advisor has experience with finance, capital management, and data centers.
Most core team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of Kelta.
Positives: The core team is well rounded and some memebers have experience in cryptocurrency mining projects.
Negatives: Not all members are fully dedicated to the project and there is no public code or blockchain developer on the team.

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)?

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?

2.0
N/A
2 - Only loosely related to plans.
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?

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

Kelta Token (KLT)
Token Price: Pre-sale — 0.00495 ETH; Week 1 — 0.00565 ETH; Week 2 — 0.00595 ETH; Week 3 — 0.00625 ETH; Week 4 — 0.00655 ETH
Total supply: 12.5 million KLT
Soft Cap: 2 million KLT
Hard Cap: 10 million KLT

Token Allocation
(80%) 10,000,000 KLT — Available for purchase during the token sale
(2%) 250,000 — Bounty + Referral program
(2.5%) 312,500 — Advisors
(5%) 625,000 — Team
(5%) 625,000 — Founders
(5.5%) 687,500 — Recovery fund

ICO Proceeds Distribution
Overall, the following expenses will be covered using the funds from the token sale:
• Purchase of hardware: Graphics cards, power supplies, motherboards, processors, risers, and RAM.
• Employment of qualified personnel to install and maintain the new equipment.
• Research and development.
• Software development.

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

Product

Kelta is meant to be a one-of-a-kind data center. There is a claim of a computational power facility that is available to use, with more to be built after the ICO. There is no publicly accessible github repo, and the mobile app is planned to be launched after the ICO (see Roadmap).
There is appeal to the platform as there is increasing demand for computational power services. The target user base is the research and mining communities which is not too large but will expand as cryptocurrency adoption increases. There is a large amount of competition in this space, with well known competitors that have been very successful.
Competitors: Golem, SONM, iExec, Sparc, GridCoin

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?

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?

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:
2.8

Use of Blockchain

Kelta’s contribution to blockchain development is in creating a new decentralized computational power network using the Ethereum blockchain. The project’s primary disruptive advantage is in a future mobile platform enabling use via mobile iOS/Android applications. There is need for a custom token, which allows scientific researchers, cryptocurrency miners, and other types of users to gain access to the KELTA data center. Tokens can also be rented to other users. The contribution to the blockchain ecosystem is in developing a new blockchain based, computational power network for scientific research.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
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?

4.0
N/A
4 - Token is essential to platform.
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?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
3.4

Whitepaper

The whitepaper is professional and informative and provides a balanced mixture of media and textual explanation. The whitepaper is 26 pages in length and is easy to read and understand given the amount of media presented. The whitepaper provides high level information discussing the KELTA ICO, data center background, use cases, and legal considerations. The business and technology plans behind Kelta are detailed and concisely explained including detailed textual and graphical explanations. No references are provided.

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 platform roadmap is given on a monthly basis. Obstacles lie ahead as mining site construction and public platform launch will occur after the ICO. The roadmap provides major milestones and no descriptions of the intermediate steps required to complete each milestone.

Major Future Milestones:
Oct 2017 ICO Preparation
Dec 2017 Presentation Release
Jan 2018 White paper published on the website
Mar 2018 Token Pre-sale
Apr 2018 General Token Sale / Mobile Application Luanch
May 2018 Token Distribuiton to Tokenholders
Jun 2018 Projected installation of 2MW
Jul 2018 Projected installation of 3MW
Aug 2018 Projected installation of 5MW

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?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
3.0

Compliance

The Kelta tokens have intrinsic value through their planned usage on the Kelta platform by allowing for acess to mining/computational power on the platform. The token’s main utility is to gain access to the Kelta data center computational power – each KLT token represents 1 watt of capacity with access to the app and community resources. The token smart-contract code is not posted for review and there is no publicly accessible github repo. The whitepaper contains a disclaimer and a discussion of risk factors, and KYC is is enforced with a whitelisting process that includes ID document upload. The legal disclaimer states that the tokens are intended for use as functional utility tokens and and come with no warranties. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security and will comply with all laws in areas which the platform is offered.

Category Breakdown
Token Utility (value through usage)

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

5.0
N/A
5 - Foundational or varied use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

5.0
N/A
5 - Only through utility value, or airtight compliance.
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?

4.0
N/A
4 - Beta or initial rollout.
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:
4.4

Company and Team

Kelta has an established team with 7 core employees, 1 advisor, and 29 datacenter employees.
The core team has experience in cryptocurrency mining operations and hardware (including immersion cooling tech), finance, business communications, law, auditing, and risk managment.
The advisor has experience with finance, capital management, and data centers.
Most core team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of Kelta.
Positives: The core team is well rounded and some memebers have experience in cryptocurrency mining projects.
Negatives: Not all members are fully dedicated to the project and there is no public code or blockchain developer 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?

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?

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:
3.4

Token Sale

Kelta Token (KLT)
Token Price: Pre-sale — 0.00495 ETH; Week 1 — 0.00565 ETH; Week 2 — 0.00595 ETH; Week 3 — 0.00625 ETH; Week 4 — 0.00655 ETH
Total supply: 12.5 million KLT
Soft Cap: 2 million KLT
Hard Cap: 10 million KLT

Token Allocation
(80%) 10,000,000 KLT — Available for purchase during the token sale
(2%) 250,000 — Bounty + Referral program
(2.5%) 312,500 — Advisors
(5%) 625,000 — Team
(5%) 625,000 — Founders
(5.5%) 687,500 — Recovery fund

ICO Proceeds Distribution
Overall, the following expenses will be covered using the funds from the token sale:
• Purchase of hardware: Graphics cards, power supplies, motherboards, processors, risers, and RAM.
• Employment of qualified personnel to install and maintain the new equipment.
• Research and development.
• Software development.

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?

2.0
N/A
2 - Only loosely related to plans.
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?

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:
2.2

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