Summary
Moonlight is founded by the NEO development team called City of Zion (CoZ) on December 2017. The project “Moonlight” is creating a decentralized Upwork-like platform on the trusted NEO blockchain that will change the way you recruit and scale your workforce.
The platform tools will include a global task of creating comparisons and an analytical platform for project management. It aims to solve many of the problems that employers and project managers face today and to revolutionize the HR industry. In other words, it is designed for hiring employees using the NEO blockchain.
There are three main mechanisms in the project; Skills, reviews and bidding in which skills is considered as the most important mechanism as it connects customers with task executors based on their skills. The project is a true hiring, onboarding, and project management ecosystem.
Website: https://moonlight.io/
Token symbol: LUX
Token type: NEO blockchain NEP5 and GAS
Token price: 1 LUX = 0.38 USD
Whitepaper: https://assets.moonlight.io/docs/wp/moonlight_en-us.pdf
Hard cap: 21,300,000 USD
Total possible tokens: 1,000,000,000
Presale bonus: 0%
Token distribution:
Community reserved: 50%
Pre-sale 25% May
Public sale: 25% June
Token distribution and vesting
Disclaimer: Allocations are approximate and subject to change as it deems necessary. The company will attempt to be as transparent as possible when these changes occur.
30% Immediate Project Growth (10% Founders- vested over 18 months beginning from 6 months after the completion of token sale, 9% Strategic Investment- no vesting, 11% Core Development and advisory budget- no vesting)
20% Vested Project Growth - will be locked in the smart contract for 24 months
25% Pre Sale
25% Public Token Sale
Token distribution timeline
For Pre-sale and Public sale: the first 250,000 LUX acquired during the token sale will be immediately available for use by the purchaser or no vesting terms.
Any tokens in excess of 250,000 LUX, but less than 5,000,001 LUX will be vested for 3 months after the token sale.
5,000,001 LUX and up will be vested for 6 months after the token sale.
Roadmap
Q4 2017: Moonlight project has founded by members of City of Zion
Present plans:
January 2018:
Released an Update re:terms used in the Moonlight ecosystem as well as a concept for the Moonlight system token.
Presented Moonlight in Amsterdam
Release an update re: Managing Complexity in the Smart Economy Workforce
March 2018
Presented Moonlight in San Francisco DevCon
Moonlight APAC Tour
April 2018- Whitepaper got released
Q2 2018
Moonlight EU Tour
Private Beta Release
Public Token Sale
Q3 2018
Market Place Feature Complete
Market Place Public Beta Release
Future Plans:
Q1 2019
Market Place Initial Public Release
Project Management Feature Complete
Q2 2019- Project Management Public Beta Release
Q4 2019- Project Management Initial Public Release
Product stage
The Team is currently planning on development of the core application or the private Beta. Their goal is to release a working beta on late Q3 of the year. The team has an existing GitHub.
Token usage
Users who pay/receive payment in LUX will pay reduced fees when the system collects a fee from the remittance process (in some modes of use). Moreover, the fees will not be airdropped and tokens will not need to be staked. There will be an additional utility to be awarded the gas.
Team
The core team is very strong as they are the developers from City of Zion (NEO’s development team). Moreover, they are the developer and author of NEP-5. Thus, all of the team members showed a lot of proof of competence through their solid experiences.
Advisory board members are strong, most of them are related to the creation of NEO blockchain. Such as Ethan Fast, a co-founder of NEX, CoZ and a creator of the famous Neo Wallet and Nathaniel Walpole, NEX and Coz Lead designer. Obviously, they are experts of creating, designing and developing a software.
Moonlight is partnered with nOS (an operating system built to interact with blockchain), that will create different modules and features in Moonlight in order to make it an ideal place to find the right people. Moreover, it is partnered with Thor. Thor tokens will provide contractors with an easy way to access their benefits while Moonlight provides a platform for trustless resumes, recruitment, and project management. This relationship could solve the current problems in the recruiting industry.
Opportunities
The strategic partners; nOs and Thor Tokens will help bootstrap the community; speeding up the adoption rate of the marketplace
The team is excellent and has obviously a good background in software development. They are lead developers of CoZ which have already established a good reputation by creating several NEO dapps.
The whitepaper is very detailed and the roadmap shows decent plans and a reasonable timeline
The token economics, distribution of Moonlight, as well as the fact their platform is not restricted to a proprietary token are commendable. In fact, this is the best token economics distribution and mechanics by far
Concerns
While the development side of the team is extremely strong, we would have liked to see more business expertise, as the target market is quite competitive
Moonlight has extremely strong competitors like Upwork and LinkedIn
They don’t have an existing product, still in the process of developing it
Conclusion
In conclusion, the project is very solid by having an excellent team, a strong premise, very reasonable and favorable token economics and a good roadmap. The risk of not delivering a great product is very low as the team is very experienced.
On a business note, the project might have a challenging battle between its competitors. However, If Moonlight can offer a better user experience, better payments(the international nature of crypto fits very well in with freelancers – who are often internationally based) and also its promise of matchmaking tasks to people and organizations, there’s a chance it may start making waves – and then real revenue.
Flipping potential
For flipping, we’re very bearish, there is a very long term vesting, however, during that period you will be generating and receiving GAS, which is also very valuable.
Long term potential
The potential is very high, as this is one of the 3 only existing projects that generate GAS (besides NEO and NEX) so they are very unique in the NEO economy. Other then that they don’t give out any bonuses, no airdrops, no incentives (but they are 10x oversubscribed already) so everything is really focused on their tech and product and with their low hard cap we can only imagine that this project is going to be very successful.