Analysis of ICO Hero Node
Hero Node is a platform for developing decentralized applications. The platform is compatible with all blockchains. Access to the platform Hero of the Node is via API keys. A feature of the Hero Node is the use of fog computing. Fog computing is a more advanced technology than cloud computing due to a decentralized network of servers and data. Fog computing technology ensures the safety of data more reliably and computational processes go faster. Nodes "fog" network more independent than centralized "cloud" computing nodes.
The idea is interesting, and it is possible that the product will be in demand. But it is difficult for the general public to understand and comprehend it, too many specific terms understandable only to developers and programmers.
The development of the platform will take place from April to December 2018.
Tokens will be used to access the platform and to distribute the developed applications.
Goals for hard and soft cap are not installed. Revenue model of the platform is not described.
The business plan is almost missed.
The marketing strategy of the project is completely missed. The project team paid great attention to the technical description of the product. It is only mentioned that 40% of tokens will be spent on marketing.
The project team consists of 10 people with experience in entrepreneurship, cross-platform framework development, blockchain development, marketing, data mining. The team includes technical specialists mainly. Overall, the team's experience looks quite relevant to the project.
The Vision of the Market
There is no description of the market and main competitors. However, there is competition with existing platforms for dapps development.
Understanding of the Target Audience
The target audience of the project is developers of decentralized applications, IT companies using BaaS (Blockchain-as-a-service), companies launching ICO startups. It looks like techies are doing a project for techies, not for the general public. Perhaps that is why the analysis of the target audience was not carried out.
The advantages of the Hero Node platform are as follows:
- The use of more advanced technologies of fog computing
- Compatibility with existing platforms
- Friendly interface for writing smart contracts.
But the comparison with competitors was not carried out. It is not clear why the project is better than the existing opportunities to develop decentralized applications.
The Hero Node project has the following advantages:
- Use of fog computing
- A strong team of technical specialists.
But the project has significant drawbacks:
- Lack of market analysis and marketing strategy
- A poorly designed business plan.