So, what is Yggdrash?(an awful name in my opinion)
Yggdrash is a trust-based multi-dimensional blockchain, which is designed to connect multiple blockchain networks, by using a system governed by reputation to ensure integrity.
Another blockchain project which aims to do better than the main blockchains like Ethereum, Cardano or EOS. Could it succeed? The idea looks good on paper, but it is not unique, so we will see later.
Grade: 4/5
The hard cap is pretty big for the current market conditions, but for such an ambitious blockchain project it could be justified. The number of tokens sold during the ICO is 50%, which is decent considering that only 15% is reserved for the team and 2% for the advisers and the highest bonus was 15%, so the risk of dump when it hits exchanges is low.
Grade: 3/5
The roadmap is pretty vague and what I personally don't like is that most of it is related to the ICO process, not the actual releases for the project.
Grade: 1,5/5
They have a good team with experience in big companies like Ernst & Young or Hyunday, but also involved in other blockchain projects like Icon (ICX). The advisers are a big plus to the project, with experience in companies like Hyunday or City Bank in leading roles.
Grade: 4,5/5
They don't have any kind of prototype, they only have a whitepaper and a website, which is the biggest minus in my opinion. They will release the test net sometime in Q3, and the main net only in Q2 2019, which is about 1 year from the time of writing.
Grade: 1/5
The primary utility of YEED (the currency of Yggdrash) is to create and sustain a branch chain for DApps. YEED is used to connect the blockchain to the main network of YGGDRASH and is gradually consumed over time to sustain the connection.
Grade: 4/5
There is a lot of competition between blockchain projects and most of them already have a main net, which is a very big gap to cover for Yggdrash. It will all depend on whether they can deliver their promises in time or not and how the main net will look like.
Grade: 1,5/5
Telegram has around 11.500 users and their Twitter account has almost 4.000 followers, which is above average. The presence on other social media channels is average, but all the tokens were sold during pre-sale, and some known youtubers covered it recently , so the hype is currently there.
Grade: 4/5
Yggrdash has a very strong team and it is a blockchain project, which created a lot of hype around it, but the hard cap is pretty high, the competition is real and the biggest minus is that they have nothing more than a whitepaper and a website, so if you want to invest, you will receive some useless tokens until around Q2 2019.
I think the token price will raise in the first days after listing on exchanges, but then it will slowly but surely dump until around Q3 2018, when the test net is to be released, so if you like the project, it might be a good time to wait for a consistent dip before investing in it.
Final grade: 2,94/5 (insufficient)
If you liked the article, please feel free to upvote it and check my other reviews as well.
Also please always do your own research before investing in any token/ICO!
Thank you.
