Koios AI

Koios aims to provide a highly distributed, planet-scale ecosystem of products to accelerate AI development.

About Koios AI

Koios AI is a collaborative development platform and marketplace for AI content. The platform will consist of microservice and modules that will be able to act in conjunction in order to provide AI services to users. Developers will be able to monetize and distribute their content using KOI tokens.

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?

2.0
N/A
2 - Proof of concept or test platform.
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?

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?

3.0
N/A
3 - Some normal competition.
Innovation

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

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

Developers will be able to code, test, iterate and publish content using the Koios AI development module. An all-in-one solution for AI development and deployment is fairly interesting. Users will access the system either through a (mobile or web-based) application and be able to “rent” their devices and contribute computational resources to the network and get rewarded with KOI tokens.

However, the implementation of a tokenized marketplace and distributed storage is not particularly innovative when compared to other blockchain-focused projects. There are many projects in development that aim to focus on AI services using blockchain technology, which include (but are not limited to) SingulatiryNET, Synapse AI, GraphGrail AI.

There is a demonstration of the “Neural Net” (the interface for serving content on the Koios ecosystem) on the Koios AI website. At the time of review, users are able to browse algorithms used for a few applications (text summarizer and image colourizer). Functionality of the demonstration is very limited. The GitHub page has low levels of content (primarily ERC20 token smart contracts and placeholder repositories).

Product Whitepaper

Use of Blockchain

2.8
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 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?

5.0
N/A
5 - Real, tangible, utility-based value.
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

KOI is an ERC20 compliant token and is used as a means of exchange and reward in the Koios AI ecosystem. It is explicitly stated that the primary reason blockchain was chosen as a foundational technology for the ecosystem is the ability to “autonomously [exchange] value between network participants without the requirement of an intermediary, censorship, or arbitration”. IPFS will be used for data storage and users will be rewarded for contributing resources to the network. Thus, the need for a custom token is evident. In the lightpaper, it is also stated that all content submitted by developers will undergo a technical review by the Koios team. Thus, the platform is not entirely decentralized (it is also stated that the company will utilize servers for business operations). Considering that AI development is still at its early stages (niche focus), the advantage of an AI marketplace and distributed computation is apparent, but the level of disruption is less compared to projects that aim to fundamentally change well established industries.

Use of Blockchain Roadmap

Whitepaper

2.4
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

2.0
N/A
2 - Insufficient coverage.
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 is fairly short, but is fairly easy to read (the lightpaper provides additional content). Also, the documents are not obfuscated with technical terms and buzzwords. With regards to transparency, there is a lack of information regarding the specific technical challenges that the company faces as they develop the platform. Additionally, thorough discussion on competing solutions is absent. Current stage of development is vaguely discussed. The business plan presentation primarily consists of an evaluation on the current market landscape with regards to AI. Fictitious use-case examples are also included. A thorough business development plan (expansion channels, marketing strategy) is absent. The comprehensive evaluation on specific competitors is also absent. The technical aspects of the platform are primarily discussed in on a logistical level. Specific implementation details and are absent. For example, IPFS is simply mentioned as a solution for data storage, but an in-depth discussion on how it will be implemented (or whether other solutions were considered) is not included. Legal content is quite thorough and is included in the lightpaper.

Whitepaper Compliance

Roadmap

3.4
Roadmap
Concreteness

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

5.0
N/A
5 - Professional.
Feasibility

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?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

There is a fairly comprehensive roadmap presented on the Koios AI website. The roadmap is presented as follows;

Q4 2017
– Product Ideation
– Market Analysis
– Competitive Analysis
– Monetization Strategy
– Go to Market Strategy
– Partner Strategy
– High Level Architecture
– Technical Feasibility Evaluation

Q1 2018
– Blockchain Requirements Definition
– Storage Requirements Definition
– Public Cloud Requirements Definition
– Component Technology Evaluation
– Low Level Architecture
– Initital Blockchain Testing (Ethereum)
– Initial Storage Testing (IPFS)
– Initial Microservices Layer Testing (Istio)
– Initial CICD Testing (Spinnaker, Docker & Kubernetes)

Q2 2018
– Web Browser: Wireframe Design
– Web Browser: User Interface Design
– Web Browser: v1 Functional Prototype
– Smartphone: Wireframe Design
– Smartphone: User Interface Design
– Smartphone: v1 Functional Prototype

Q3 2018
– Blockchain Integration APIs
– Tensorflow Integration APIs
– IPFS Integration APIs
– Distributed ML (DMLC) Integration APIs
– IoT Integration APIs

Q4 2018
– Platform API Testing
– v0.1 Smartphone App: Build
– v0.1 Smartphone App: API Integration
– v0.1 Smartphone App: Component Testing
– v0.1 Web Browser App: Build
– v0.1 Web Browser App: API Integration
– v0.1 Web Browser App: Component Testing
– Platform Integration Build

Q1 2019
– Private Alpha Launched
– Private Alpha: Blockchain Integration Testing
– Private Alpha: Tensorflow Integration Testing
– Private Alpha: IPFS Integration Testing
– Private Alpha: DMLC Integration Testing
– Private Alpha: Security & Penetration Testing
– Private Alpha: Bug Fixes
– Private Alpha: Regression Testing

Q2 2019
– Public Beta Launched
– Public Beta: Blockchain Integration Testing
– Public Beta: Tensorflow Integration Testing
– Public Beta: IPFS Integration Testing
– Public Beta: DMLC Integration Testing
– Public Beta: Security & Penetration Testing
– Public Beta: Bug Fixes
– Public Beta: Regression Testing

Q3 2019
– GA Platform Build – Functional Tests
– GA Platform Build – Security Tests
– GA Platform Build – Documentation
– Koios is LIVE!

The milestones presented are fairly comprehensive and self-explanatory. Specific technical details are included. However, business-related milestones are lacking. With regards to feasibility, the expected time-lines for the major milestones (web and mobile application) are fairly conservative. The platform relies on trusted (and available) solutions such as Tensorflow, as well as developing solutions such as IPFS. Currently, the organization has released a demo on the Koios AI website which has minimal functionality, but the organization faces critical obstacles as the team develops a fully operational product.

Roadmap Company and Team

Compliance

3.8
Compliance
Token Utility (value through usage)

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

4.0
N/A
4 - Distinctive use cases.
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?

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?

5.0
N/A
5 - Professional and top-tier.

Compliance

The whitepaper does not contain a disclaimer or a section that discusses the legal considerations of the platform/token sale. However, the lightpaper contains fairly thorough legal discussion (approximately 10 pages of content) and is professionally written. KYC will be used for the token sale. It is explicitly stated that KOI tokens are not to be considered securities. Token smart contracts are available on the company’s GitHub page.

Token use cases are clearly outlined in the lightpaper:

The following actions consume Koios Tokens:
1. Developer Subscription to AI Lab
2. Machine Learning Training via Titan Protocol
3. Machine Learning Hosting via Titan Protocol
4. Content Purchases from Neural Net

The following actions accrue Koios Tokens:
1. Fog Mining via Titan Protocol
2. Contributing Data Sets.
3. Manual Data Tagging
4. Sale of Content on Neural Net
5. API Calls to hosted Machine Learning Models

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?

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?

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?

4.0
N/A
4 - Good, sufficient for each aspect.

Company and Team

Information on Koios AI as a company (beyond what is provided on the website) is lacking. It is unclear if the organization has received funding, prior to the token sale. Team members are presented on the Koios AI website. Profile pictures, short bio descriptions, and links to LinkedIn profiles are provided. None of the team members show affiliation with Koios AI on their LinkedIn profile (including the CEO). Thus, the level of commitment to the project is highly questionable. However, the team is fairly suitable for the project, with team members having extensive experience with cloud computing and work experience with Amazon and Google. The blockchain developers have prior experience working on blockchain-related projects. One of the blockchain developers worked on Verasity, and the other worked with Fenix Cash. Overall, the skill set of the team is focused on technology development as opposed to business development.

Company and Team Product

Token Sale

2.4
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?

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

The total number of KOI tokens is 1 billion
Soft cap: $4.73MM USD
Hard cap: $14.67MM USD

The token allocation is as follows:
40% – Token sale (Pre-Sale Bonuses Locked: 90 Days)
40% – Platform reservation (Locked for 12 Months)
15% – Marketing (Freely distributable by Koios)
5% – Team (Locked for 12 Months)

The use of proceeds is presented as follows:
50% – Development
25% – Marketing
15% – Hiring
10% – Legal

It is stated that “the specifics of token consumption and accrual per action within the platform are not finalised at
the date of publication [of the whitepaper]”. The organization claims to have developed a comprehensive breakdown of the work structure, headcount required, and a bill of materials. However, these items are not publicly available. As such, the raise amounts are fairly loosely related to development plans. The size of the platform reservation fund is inadequately justified in the whitepaper: “very conservative figures were used to ascertain the minimum viable number of tokens that would need to be available to ensure the health of the ecosystem at launch which equated to 40% of the total supply”.

Media presence is moderate, with over 11K followers on twitter and less than 2000 fans on Facebook. The crowdsale begins from June 15, 2018 to June 29, 2019.

Product

Developers will be able to code, test, iterate and publish content using the Koios AI development module. An all-in-one solution for AI development and deployment is fairly interesting. Users will access the system either through a (mobile or web-based) application and be able to “rent” their devices and contribute computational resources to the network and get rewarded with KOI tokens.

However, the implementation of a tokenized marketplace and distributed storage is not particularly innovative when compared to other blockchain-focused projects. There are many projects in development that aim to focus on AI services using blockchain technology, which include (but are not limited to) SingulatiryNET, Synapse AI, GraphGrail AI.

There is a demonstration of the “Neural Net” (the interface for serving content on the Koios ecosystem) on the Koios AI website. At the time of review, users are able to browse algorithms used for a few applications (text summarizer and image colourizer). Functionality of the demonstration is very limited. The GitHub page has low levels of content (primarily ERC20 token smart contracts and placeholder repositories).

Category Breakdown
Readiness

Is the product 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.
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?

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?

3.0
N/A
3 - Some normal competition.
Innovation

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

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
2.8

Use of Blockchain

KOI is an ERC20 compliant token and is used as a means of exchange and reward in the Koios AI ecosystem. It is explicitly stated that the primary reason blockchain was chosen as a foundational technology for the ecosystem is the ability to “autonomously [exchange] value between network participants without the requirement of an intermediary, censorship, or arbitration”. IPFS will be used for data storage and users will be rewarded for contributing resources to the network. Thus, the need for a custom token is evident. In the lightpaper, it is also stated that all content submitted by developers will undergo a technical review by the Koios team. Thus, the platform is not entirely decentralized (it is also stated that the company will utilize servers for business operations). Considering that AI development is still at its early stages (niche focus), the advantage of an AI marketplace and distributed computation is apparent, but the level of disruption is less compared to projects that aim to fundamentally change well established industries.

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 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?

5.0
N/A
5 - Real, tangible, utility-based value.
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:
2.8

Whitepaper

The whitepaper is fairly short, but is fairly easy to read (the lightpaper provides additional content). Also, the documents are not obfuscated with technical terms and buzzwords. With regards to transparency, there is a lack of information regarding the specific technical challenges that the company faces as they develop the platform. Additionally, thorough discussion on competing solutions is absent. Current stage of development is vaguely discussed. The business plan presentation primarily consists of an evaluation on the current market landscape with regards to AI. Fictitious use-case examples are also included. A thorough business development plan (expansion channels, marketing strategy) is absent. The comprehensive evaluation on specific competitors is also absent. The technical aspects of the platform are primarily discussed in on a logistical level. Specific implementation details and are absent. For example, IPFS is simply mentioned as a solution for data storage, but an in-depth discussion on how it will be implemented (or whether other solutions were considered) is not included. Legal content is quite thorough and is included in the lightpaper.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

2.0
N/A
2 - Insufficient coverage.
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:
2.4

Roadmap

There is a fairly comprehensive roadmap presented on the Koios AI website. The roadmap is presented as follows;

Q4 2017
– Product Ideation
– Market Analysis
– Competitive Analysis
– Monetization Strategy
– Go to Market Strategy
– Partner Strategy
– High Level Architecture
– Technical Feasibility Evaluation

Q1 2018
– Blockchain Requirements Definition
– Storage Requirements Definition
– Public Cloud Requirements Definition
– Component Technology Evaluation
– Low Level Architecture
– Initital Blockchain Testing (Ethereum)
– Initial Storage Testing (IPFS)
– Initial Microservices Layer Testing (Istio)
– Initial CICD Testing (Spinnaker, Docker & Kubernetes)

Q2 2018
– Web Browser: Wireframe Design
– Web Browser: User Interface Design
– Web Browser: v1 Functional Prototype
– Smartphone: Wireframe Design
– Smartphone: User Interface Design
– Smartphone: v1 Functional Prototype

Q3 2018
– Blockchain Integration APIs
– Tensorflow Integration APIs
– IPFS Integration APIs
– Distributed ML (DMLC) Integration APIs
– IoT Integration APIs

Q4 2018
– Platform API Testing
– v0.1 Smartphone App: Build
– v0.1 Smartphone App: API Integration
– v0.1 Smartphone App: Component Testing
– v0.1 Web Browser App: Build
– v0.1 Web Browser App: API Integration
– v0.1 Web Browser App: Component Testing
– Platform Integration Build

Q1 2019
– Private Alpha Launched
– Private Alpha: Blockchain Integration Testing
– Private Alpha: Tensorflow Integration Testing
– Private Alpha: IPFS Integration Testing
– Private Alpha: DMLC Integration Testing
– Private Alpha: Security & Penetration Testing
– Private Alpha: Bug Fixes
– Private Alpha: Regression Testing

Q2 2019
– Public Beta Launched
– Public Beta: Blockchain Integration Testing
– Public Beta: Tensorflow Integration Testing
– Public Beta: IPFS Integration Testing
– Public Beta: DMLC Integration Testing
– Public Beta: Security & Penetration Testing
– Public Beta: Bug Fixes
– Public Beta: Regression Testing

Q3 2019
– GA Platform Build – Functional Tests
– GA Platform Build – Security Tests
– GA Platform Build – Documentation
– Koios is LIVE!

The milestones presented are fairly comprehensive and self-explanatory. Specific technical details are included. However, business-related milestones are lacking. With regards to feasibility, the expected time-lines for the major milestones (web and mobile application) are fairly conservative. The platform relies on trusted (and available) solutions such as Tensorflow, as well as developing solutions such as IPFS. Currently, the organization has released a demo on the Koios AI website which has minimal functionality, but the organization faces critical obstacles as the team develops a fully operational product.

Category Breakdown
Concreteness

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

5.0
N/A
5 - Professional.
Feasibility

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?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
3.4

Compliance

The whitepaper does not contain a disclaimer or a section that discusses the legal considerations of the platform/token sale. However, the lightpaper contains fairly thorough legal discussion (approximately 10 pages of content) and is professionally written. KYC will be used for the token sale. It is explicitly stated that KOI tokens are not to be considered securities. Token smart contracts are available on the company’s GitHub page.

Token use cases are clearly outlined in the lightpaper:

The following actions consume Koios Tokens:
1. Developer Subscription to AI Lab
2. Machine Learning Training via Titan Protocol
3. Machine Learning Hosting via Titan Protocol
4. Content Purchases from Neural Net

The following actions accrue Koios Tokens:
1. Fog Mining via Titan Protocol
2. Contributing Data Sets.
3. Manual Data Tagging
4. Sale of Content on Neural Net
5. API Calls to hosted Machine Learning Models

Category Breakdown
Token Utility (value through usage)

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

4.0
N/A
4 - Distinctive use cases.
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?

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?

5.0
N/A
5 - Professional and top-tier.
Compliance Score:
3.8

Company and Team

Information on Koios AI as a company (beyond what is provided on the website) is lacking. It is unclear if the organization has received funding, prior to the token sale. Team members are presented on the Koios AI website. Profile pictures, short bio descriptions, and links to LinkedIn profiles are provided. None of the team members show affiliation with Koios AI on their LinkedIn profile (including the CEO). Thus, the level of commitment to the project is highly questionable. However, the team is fairly suitable for the project, with team members having extensive experience with cloud computing and work experience with Amazon and Google. The blockchain developers have prior experience working on blockchain-related projects. One of the blockchain developers worked on Verasity, and the other worked with Fenix Cash. Overall, the skill set of the team is focused on technology development as opposed to business 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?

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?

4.0
N/A
4 - Good, sufficient for each aspect.
Company and Team Score:
3.4

Token Sale

The total number of KOI tokens is 1 billion
Soft cap: $4.73MM USD
Hard cap: $14.67MM USD

The token allocation is as follows:
40% – Token sale (Pre-Sale Bonuses Locked: 90 Days)
40% – Platform reservation (Locked for 12 Months)
15% – Marketing (Freely distributable by Koios)
5% – Team (Locked for 12 Months)

The use of proceeds is presented as follows:
50% – Development
25% – Marketing
15% – Hiring
10% – Legal

It is stated that “the specifics of token consumption and accrual per action within the platform are not finalised at
the date of publication [of the whitepaper]”. The organization claims to have developed a comprehensive breakdown of the work structure, headcount required, and a bill of materials. However, these items are not publicly available. As such, the raise amounts are fairly loosely related to development plans. The size of the platform reservation fund is inadequately justified in the whitepaper: “very conservative figures were used to ascertain the minimum viable number of tokens that would need to be available to ensure the health of the ecosystem at launch which equated to 40% of the total supply”.

Media presence is moderate, with over 11K followers on twitter and less than 2000 fans on Facebook. The crowdsale begins from June 15, 2018 to June 29, 2019.

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?

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:
2.4

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