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#Blockchain All projects

Madana: Open data analysis platform

Protects your privacy and makes your data work for you

stage Ended crowdsale

3.0 Rating

by 4 users


    KPLs

    • Employees14

    Team

    9
    man Christian Junger

    CEO & Co-founder

    Experienced blockchain entrepreneur. Studied Finance and Entrepreneurship. Co-founded the Bitcoin Aachen Meetup in 2013. Early Lisk supporter. Great networker and business strategist.

    man Dieter Schule

    COO & Co-Founder

    M.Sc. Business and Mechanical Engineering. Experienced Startup Organizer and Process Builder. Passionate about exponential technology and chess.

    man J.-Fabian Wenisch

    CTO & Co-Founder

    Over 15 years of programming experience. Senior Software Engineer & IT Security professional previously working in the German automotive industry. Specialized in secure transmission systems and data privacy.

    man Julian Schiemann

    Head of Marketing

    Startup Storyteller and collaborative doer. Entrepreneur of small online businesses and encouraging team leader. Passionate about Startup Marketing, Usability Design and Blockchain.

    man Nicolas Pettican

    Head of Development

    Leading, multicultural and entrepreneurial spirit. Strong technological foundation from the University of Manchester. Experienced in managing organisations and software development projects.


    Advisors

    5
    man Max Kordek

    CEO at Lisk

    Successful entrepreneur and personal friend. Together we started building the German blockchain community in 2013. He connects us with reputable blockchain personalities.

    man Marc Reinhardt

    Executive VP at Capgemini

    Highly connected to the German government and industry leaders. Connects us to German politicians, business partners, and industry experts.

    man Dr. Oliver Grün

    President of SME Alliance

    Opens the doors to the European Government and intruduces us to an exellent network of medium-sized IT companies across Europe. Early Bitcoin investor.

    man Prof. Dr. Malte Brettel

    Vice-Rector at RWTH

    Well-known enabler for Start-up businesses in Germany. Connects us to scientific institutions, and established our partnership with the RWTH Aachen University.

    man Dr. Steffen Hauptmann

    Big Data Expert

    Ex-Funds Manager. Worked early on big data analytics for the banking sector. His blockchain expertise helps with our business development strategy.


    Press




    Crowdsale details

    Distribution of tokens
    • Crowdsale (45%)
    • Seed investors (10%)
    • Long term stabilization (15%)
    • Partnerships & system development (15%)
    • Team & advisors (15%)
    Budget allocation
    • Development & operations (65%)
    • Marketing & PR (20%)
    • Security bounty program (5%)
    • Legal (10%)
    Details Indicators
    Token Symbol PAX
    Full Token Name PAX token
    Pre-crowdsale Start September 1st, 00:00 GMT+03:00
    Pre-crowdsale End Hard cap is reached or October 31st, 00:00 GMT+03:00
    Pre-crowdsale Hard Cap Fixed, 37500000 €
    Crowdsale Start November 1st, 00:00 GMT+03:00
    Crowdsale End December 31st, 00:00 GMT+03:00
    Domain owner Individual

    Cost of the token

    1 token for 1 Euro

    Price without discounts

    Discounts and Bonuses

    Pre-crowdsale
    Discount Dates Minimum purchase amount
    50% September 01 — October 31, 2018

    Accepted currency

    • Bitcoin
    • Ethereum
    • Other


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    4
    Jordan Semanda August 26, 2018
    Rating of project
    3.0

    Advantages

    The short time of offering bonuses to early buyers which is approximately one week will have the project attract many investors and this will be a way in which the token sale will be successful and also creation of the appropriate token demand once it is introduced to the exchange. A variety of social media sites have been involved to serve various duties such as communication and official communication for public follow up since the marketing has taken a digital course, the team shall be in place to accommodate the traction of the majority and also be in position to effect awareness amongst potential buyers.

    Risks and disadvantages

    Projects safeguarding people's data and privacy have quite flooded the market and this will give this start up a headache at all stages including the funding process to inception and acquiring of a market share sufficient enough to suit their expectations.

    Comments

    The team has to give its audience a reason as to why they should side with this project in particular and not any other in the market because this seems to be a line of service many ICO proprietors have decided to explore. Otherwise this business module is highly prospective.

    Anne Bryn August 25, 2018
    Rating of project
    3.3

    Advantages

    PAX token is the only cryptocurrency that will execute smart contracts on the platform and it has several use cases: main payment vehicle, data-producers will be rewarded with PAX, PAX gives the right to vote on data models. More utilities are supposed to be added in the future. Currently the team examines the incentives for participants holding their tokens.

    Risks and disadvantages

    Participants who purchase PAX tokens during pre-ico will be able to earn selling their tokens on the exchanges, which will influence token's price.

    Comments

    Deep discounting during presale makes long-term investment risky. Meanwhile I think only long-term investment can give the project support which would be enough for successful development.

    Sofia Medda August 22, 2018
    Rating of project
    3.5

    Advantages

    There is a detailed research of market opportunities in the Whitepaper. Companies will be able to buy analysis results without having access to the raw data and this is the main reason why Madana differs itself from the competitors.

    Risks and disadvantages

    This is one of the first ICO built on Lisk, which may be considered as disadvantage (as the majority of ICO are built on Ethereum and Lisk is a new blockchain), but this thing is explained in the Whitepaper and I hope this decision will help the team to create a useful and competitive product.

    Comments

    Conceptualisation, documentation development, creating the project's image are challenging tasks, which were accomplished successfully. But it took quite a long time and the project has no MVP so far.

    Denys Serhiichuk August 05, 2018
    Rating of project
    2.2

    Advantages

    Team consists of experienced founders, advisors and partners. Among the last ones, there are such big companies as Lisk, Whitepaper is detailed enough, containing 59 pages. Roadmap is also the advantage. It has detailed plan of platform development.

    Risks and disadvantages

    A significant drawback is the lack of the working prototype. More attention could be paid to social platforms. 15 % of tokens are reserved for the team and founders. That it too much, as token price could be easily manipulated on the market.

    Comments

    As a whole, there is no practical implementation. Investors could pay attention to the platform if ay least any MVP is released.


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