• Moirai (MOI)

  • Moirai is a prediction market where individuals can wager on the outcome of future events.

About Moirai (MOI)

Moirai is a prediction market where individuals can wager on the outcome of future events. It poses questions such as who will win the 2020 presidential election and allows individuals to wager on the outcome by a given set of options to choose from. Each option is represented by a share and the value of that share shows the probability of the outcome. For instance; each share represents €1,- if an individual chooses the right outcome his or her share will be redeemable for €1,- while other shares of other options become worthless. The market price then serves as an indicator of what the crowd thinks the probability of the event is. Moirai states that investors have a direct incentive to purchase these shares as it reflects their beliefs on the outcome.

The company strives to be a disruptive force in a variety of global markets systematically. Markets such as finance, insurance, information and many more. The ecosystem will consist of providers, operators, Moirai itself, and users. Providers provide access to the network and ensure traffic; Operators are responsible for creating events and resolving them, acting as a centralized and reputable oracle. Moirai is the official organisation that creates the tokens, model and technology. Users are the participators in events, wagering on the outcome of real-world events.

The targeted audience, besides the conventional market, is a mass audience to introduce to the cryptographic world, so as to expand their network whilst engaging a broader audience with conventional payment methods. It should also be mentioned that prediction markets are a popular way of polling public opinion as it directly reflects belief among individuals on the outcome of real-world events. (The Power of Predictions Market by Nature)

The project is  believed to be a platform that will stimulate the crypto-economy by reaching mass adoption and demand, thus introducing users to other crypto tokens and contributing to a sustainable economy. The company in turn asks holders to hold tokens in reserve, as either a requirement or a recommendation,  for managing the investments, participation, and profit earned through the prediction market platform. Contracts will be in place for all wagers and a fee of 5% will be charged on every prediction event.

The blockchain is used for the purpose of decentralisation and making a sustainable platform where users, operators and providers interact into making the platform work and reducing the exposure to regulatory scrutiny. A thorough study of its competitors has been made which include; Gnosis, Augur and Stox and points out that they’re limited in their services due to regulations and also provides a competitor analysis, summing up points where they have the advantage and it looks to be in favor for Moirai who not only is busy working on getting licensed but also already has a working platform as opposed to its competitors who have been around for a while in the market but still haven’t delivered.

The company is on track regarding their roadmap having already completed a web platform and next up is the development of a mobile app. Furthermore, they want to launch, market and expand the business within a spread of one year. The launch is scheduled on the 28th of May.  Currently users can access Moira’s demo and participate in a number of prediction events (registration required). Moirai intends to develop open source desktop and mobile applications, which will implement a user interface while allowing access over Ethereum to Moirai contracts, listings, content, and events oriented data. The detailed roadmap includes the development of the existing web-based platform and a mobile app, launch of the platform, marketing campaigns, building the user community and expanding the network, to take place over a period of one year. The expected time from the token sale until the web platform is launched is six months, and nine months for the business market.

There is  a broad team in place with at least 9 developers. The CEO Gary Taylor is well experienced and has worked for companies like Elsevier, Gaming Recruit Solutions and BetLion after graduating from Oxford university in engineering, economics and management. The team is transparently presented on their website each with a brief summary and a link to their LinkedIn profile. For those investors who are in London can attend public events where Moirai will be speaking on ICOs and the crypto-industry, attending is free. Specifics on these events can be found on their website.

Team

Features a well experienced team with distinct backgrounds, enough developers to finish the tasks at hand and enough advisors with a good amount of experience. The team is educated and appears to know what they’re doing, even though they lack distinctive blockchain talent in terms of developers and advisors.
Peter Gilbert
COO
Rachel Parker
CFO
Gary Taylor
CEO
William Perkins
CTO
Grace Jones
Community Manager
Tony Olson
Software Developer
Andrew Carter
Cybersecurity
Daniel Wake
Senior Software Developer

Crowdsale Details

Token Sale Dates

ICO: 30th November, 2017 – 30th December, 2017

Pre-ICO: 28th October, 2017 – 10 November, 2017

Total Supply

666,000,000 MOI Total.

100,000,000 MOI sold in Pre-ICO. 

Raise Limits

Min/Max Cap: 500,000 USD – 5,000,000 USD

Pricing Structure

Pre-ICO: $0,005 = 1 MIO.

ICO: up to $0,009 = 1 MIO.

Project Highlights

Technical White Paper

https://ico.moirai.io/wp-content/uploads/sites/2/2017/10/Moirai-White-Paper-4.pdf

Appears orderly and structured. Addresses market research, targeted audience and competitor analysis. Very friendly to read without getting overly technical.

Location

London, England.

Blockchain

Moirai

Project Code

N/A

Prototype

N/A

Token Rights

Wager and payout within the predictive market.

15% dividends on yearly revenue for token holders.

Ratings

Product

View Breakdown
Product readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2
N/A
2 - Specs, no product.
Competitive advantage

Does this solution have a distinct edge?

3
N/A
3 - Average.
Size of addressable community

Is it mass market or niche?

2
N/A
2 - Attractive, but for specific groups.
Space in the market

Are there many other similar solutions or is this one of just a few, or even one of a kind?

1
N/A
1 - Found many alternatives, easily.
Innovation and IP

Is there (patentable) innovation and intellectual property?

2
N/A
2 - So many equivalent patents.
Use of Blockchain

View Breakdown
Blockchain advantage

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

3
N/A
3 - Depends on other contingencies.
Precautionary measures

Is it safeguarded against misuse and corruption?

3
N/A
3 - Didn't stand out either way.
Need for a custom token

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2
N/A
2 - Would work, no real advantages.
Intrinsic value of token

Does the token provide holders with value other than as an investment?

1
N/A
1 - No. All you can buy is other coins.
Contribution to the blockchain economy

Does the solution contribute to the evolution of blockchain infrastructure and economy?

2
N/A
2 - No, but not harmful.
Compliance

Is the token a utility, a security, or both? Is it compliant with relevant legislation?

N
N/A
N/A
Whitepaper

View Breakdown
Comprehensiveness

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

4
N/A
4 - Covers key issues, well written.
Readability

Is it easy enough to understand?

3
N/A
3 - Readable, takes some time.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4
N/A
4 - Candid.
Business Plan

Does it contain a viable, comprehensive business plan?

4
N/A
4 - Yes, clear and realistic.
Technology

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

2
N/A
2 - Not enough.
Development Roadmap

View Breakdown
Concreteness

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

3
N/A
3 - Yes, but not full.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

4
N/A
4 - Yes, seems feasible.
Vision

Is there a larger, long-term vision?

4
N/A
4 - Solid vision.
Maturity

Does it seem as though a lot of know-how and experience went into the development plan?

2
N/A
2 - Partly, somewhat adolescent.
Current position

Is the project currently sufficiently far along in its development plan (relative to its vision and plans)?

2
N/A
2 - Critical obstacles ahead.
Business Model

View Breakdown
Concreteness

Is there a concrete business plan (vs. market descriptions, general sentiments, and fluff)?

4
N/A
4 - Yes, pretty concrete.
Feasiblity

Is the business model realistic? Is it based on reasonable goals and timelines?

3
N/A
3 - Yes, however optimistic.
Clarity

Are the solution's revenue streams, profit mechanisms, key KPIs, etc. clear and easy enough to understand?

3
N/A
3 - Yes, to a degree.
Cost effectiveness

Is the project raising an amount of money that makes sense given what it needs to reach profitability?

4
N/A
4 - Yes, Seems Reasonable.
Legitimacy

Is it safe from legal, moral or investor abuse?

3
N/A
3 - Probably safe, but possibly abused.
Company and Team

View Breakdown
Company stage and foundation

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

3
N/A
3 - Company structure in place.
Founders

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

1
N/A
1 - No. Unknown people, no online profiles.
Core team

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?

4
N/A
4 - Team fully assembled, committed and transparent.
Advisory Board

What is the level of presence, added value, and commitment of the advisory board?

3
N/A
3 - Essential advisory positions are filled.
Blockchain Talent

Are there enough sufficiently experienced blockchain architects and developers on the team?

2
N/A
2 - Close to none
Development Talent

Are there enough sufficiently experienced non-blockchain developers on the team?

5
N/A
5 - There are superstar developers on the team, verified through reputation / github profiles
Business Talent

Are there enough sufficiently experienced business developers on the team?

5
N/A
5 - Exceptional.
Legal Counsel

Does the team have good legal counsel?

2
N/A
2 - Not clear.
Overall Skill Set

Does the amount of talent and skill in each area seem to fit the project requirements?

2
N/A
2 - Inconsistency between the team's experience and the project needs.
Token Sale

View Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

5
N/A
5 - Fully thought out and planned.
Raise Amount Min

Is the minimum raise reasonably enough to carry out the majority of the development plan? Are there raise amount dependent milestones?

4
N/A
4 - Fits what is necessary to achieve plans at each stage.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3
N/A
3 - Reasonable, sensible allocation of funds.
Token Sold / Kept Ratio

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

4
N/A
4 - Most tokens are sold to the community, kept tokens are released gradually.
Quality Campaign Stategy

Is the ICO well planned in terms of time, phases and scenarios?

3
N/A
3 - Semi Pro
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
N/A
2 - Minor exposure and interest

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