I see a lot of people discussing new and exciting projects on various social media. However, to be fair, most projects do not have a working product and are still months away from potentially delivering something that the ‘regular’ user can interact with, which is why I think the MyWish platform deserves some real honest attention.
Introduction
MyWish is an already working platform for decentralised self-invocative (active) smart contracts. The platform allows users to easily set up their own smart contracts for a variety of different purposes. Currently, the MyWish platform allows users to create:
Lost Key Contracts: Redirects funds from a wallet to another designated backup wallet in case the private key has been lost.
Will Contracts: Transfers funds from a wallet to another designated wallet in case of (unexpected) death or other unforeseen circumstances.
Deferred Payment Contracts: Transfers funds from a wallet to another designated wallet at a specific time.
Wedding Contracts: A Smart contract for spouses planning their future together.
Crowdsale & Token Contracts: Allows users to easily create and launch their own ICO smart contracts (startups can easily raise funds via such ICOs).
The platform is incredibly easy to use, intuitive and the cost of making a contract is currently a lot lower than on similar platforms such as Ethereum. For example, the current cost of making a smart contract for an ICO launch at the time of writing is only 1 ETH. The token that the MyWish platform utilizes is an ERC-20 token (WISH) that is used to create smart contracts on the platform, which gives the token inherent value.
Joule
As stated before, the MyWish platform makes use of decentralized self-invocative smart contracts. Currently, smart contracts on Ethereum and NEO are completely idle until called upon. There are centralized solutions to activate these contracts at a given point in time, but this means that we are once again dependent on a third-party service. If this service is offline when an idle smart contract would need to be called upon this could have real, dire consequences.
Smart contracts on the MyWish platform utilize a system called ‘Joule’ which the developers have created in order to allow these smart contracts to run actively in a completely decentralized manner. I urge you to read the medium post by the CTO of MyWish for further explanation in case you are interested in the details. Link here.
Team
The team of MyWish has been working together for more than 3 years, in which they Launched more than 20 high-tech products for the international market and have 500 000 users on the globe that use their products every day. The CEO of MyWish, Vladimir Tikhomirov, has over 10 years of experience leading IT businesses. He is also a Former Product Manager in Motorola Solutions (for 7 years). Vladimir is a founder of DDG — software development center with 50 employees. Additionally, Vladimir has a Ph.D in Computer Science.
Roadmap
Regarding the roadmap, the developers are currently in the process of making the MyWish platform smart contracts compatible with BTC (expected upcoming march), LTC and even NEO, as it currently only works for ETH. In the upcoming months they are also planning to integrate an External Developer Dashboard (which would allow third party developers to create their own self-invocative smart contracts on the platform) and introduce B2B smart contracts. Furthermore, they have Real Estate blockchain integration planned for 2019. The team is also in contact with various other exchanges, such as Kucoin.
Conclusion
I hope my post was able to provide an objective and informative view on the project. I think MyWish is a very unique and highly undervalued project that deserves much more attention and praise than it is currently receiving.
MyWish Stats
Circulating Supply: 18,825,062 WISH (total: 19,803,895 WISH)
Market Cap: ± 7M
Current exchanges: Cryptopia, Bancor, Coss
ATH: 3.00 USD
Current value: ± 0.40 USD