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#Blockchain, #Internet All projects

YGGDRASH: TRUST-based Multi-dimensional Blockchains

It is a trust-based blockchain ecosystem where each branch is governed by reputation to ensure integrity.

stage Ended crowdsale

4.2 Rating

by 1 users


    Traction

    March, 2018

    Meet Up in Seoul


    Team

    11

    David Seo

    CEO and Co-Founder

    Peter Ryu

    CTO and Co-Founder

    Joon Seo

    CFO

    Ayden Kim

    Blockchain Analyst

    Luke Hwang

    Blockchain Engineer

    Min Seop Hong

    Blockchain Engineer

    Stevie An

    Global Operations Manager

    Amy Song

    Art director

    Ryan Moon

    UX/UI Designer

    Richard Kim

    PR & Strategy Analyst

    Elon Kim

    PR & Strategy Analyst


    Advisors

    8
    man Taejin Kang

    Vice President at Hyundai Card/Capital/Life
    Managing Director at CJ O Shopping
    Senior Vice President at HSBC
    Vice President at Citibank
    Senior Associate at McKinsey
    Samsung Heavy Industries
    MBA at Kellogg School of Management
    Yonsei University, Business Administration

    man Andrew Chu

    CEO at Lately Korea, Inc.
    CPO/CTO at Linkshops.com
    Product manager at Homedepot.com
    Product manager at Zappos Family of Companies
    Co-Founder/CTO at Canari Noir
    Senior Sales Engineer at TmaxSoft,inc.
    1st Lieutenant/Interpreting Officer at Korea Air Force
    CTO/Co-Founder at IvyConnection
    Carnegie Mellon Univ.

    man Nakhoon Choi

    CSO at Balaan
    CMO at Urbantainer
    CSO at Noom Inc
    CFO at Number Analytics
    CEO at A Prime Ventures
    HEC Paris, School of Management (MBA, Finance)
    California Berkeley, Boat Hall School of Law (LLM, IP Law)
    Chicago Law School (JD, Law)
    Seoul National Univ Law School

    man Ken Lee

    MBA Business Administration
    UNIVERSITY OF HERTFORDSHIRE, UNITED KINGDOM
    Lee Kim Alliance Pte. Ltd - CEO
    Necca Pte. Ltd, Singapore - CEO
    Samsung ASIA PTE LTD, Singapore - Consultant / Management of investment companies in Asia
    Samsung corporation - General Manager / Team Leader
    CTJapan, Tokyo, Japan - Senior Vice President
    Elthe corporation., San Jose, California, USA - President
    MBA, Executive Program Yonsei Univ, Seoul, Korea

    man Woon-geun Kwon

    CTO at Coinrail
    CTO at GelatoLab
    TMON Technical Lead
    SKplanet Technical Lead
    Infobank Platform R&D Team Lead
    Yonsei Univ, Computer Science


    Press




    Crowdsale details

    Details Indicators
    Token Symbol YEED
    Full Token Name YGGDRASH
    Pre-crowdsale Start March 12th, 00:00 GMT+03:00
    Pre-crowdsale End March 16th, 00:00 GMT+03:00
    Crowdsale Start March 19th, 00:00 GMT+03:00
    Crowdsale End March 23rd, 00:00 GMT+03:00
    Token type cryptocurrencies
    Domain registration date 2018-01-17
    Domain owner WhoisGuard Protected, WhoisGuard, Inc.

    Cost of the token

    91 tokens for 1 eth

    Price without discounts

    Accepted currency

    • Ethereum


    Rate the project

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    Founders, Team & Advisors

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    Budget allocation and roadmap

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    Token economy, Tokenization & Business model

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    Summary rate the project

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    Rate the project by other users

    1
    Alexandr Gonchar May 18, 2018
    Rating of project
    4.2

    Advantages

    An interesting idea of ​the global cooperation for various systems, that the project team tries to implement. They want to unite many different fields for full interaction with the consumer, using blockchain technology.

    Risks and disadvantages

    The project has the same cons as hundreds of similar projects: an attempt to make global coverage of everything using decentralized technologies and blockchain across one platform. All these ideas are good just on paper, but in process of project's implementation in real life, global shortcomings and poorly designed integration will become visible immediately.

    Comments

    Such ideas are very interesting and promising, but only if they are thought out to the smallest detail and partially integrated into the real sector of the economy, so then you see immediately what works in real life, and what is just a theory and will remain on paper. I think that in this version the project has little chance to enter the market with a working business model and become successful.


    FAQ

    FAQs

    What is YGGDRASH?

    YGGDRASH aka a world tree, is a channel connecting all blockchains. The purpose of the YGGDRASH
    project is to connect all blockchains using a trust-based multi-dimensional blockchain. It hopes to redesign all
    services on the internet into a blockchain platform.

    What are elements of YGGDRASH?

    YGGDRASH consists of a Stem Chain and Branch Chains; the Stem Chain provides the blockchain ecosystem wherein all Branch Chains communicate with each other and are fused.

    What is a Stem Chain?

    The Stem Chain is the main blockchain which is the root of the YGGDRASH ecosystem. It is also an aggregate and a blockchain containing information of all Branch Chains. The Stem Chain is optimized for transaction processing scalability and expandability by storing only minimum information such as the
    address of each Branch Chain. In addition, it connects each Branch Chain by referring the address of each Branch Chain and is able to manage the full life-cycle (creation / modification / destruction) of each chain.

    What is a Branch Chain?

    A Branch Chain is a DApp and an independent blockchain at the same time. Since the Branch Chain itself is a blockchain, it can naturally select the agreed and desired algorithm and form its own blockchain governance. A Branch Chain eventually reaches the level of DAO (Decentralized Autonomous Organization).

    What are types of Branch Chains?

    1. Immunity Branch Chain
    Branch Chain used in the YGGDRASH platform; it doesn’t consume YEED and is not eliminated from the list.
    2. Mutable Branch Chain
    Branch Chain created by users; it consumes YEED at regular intervals.
    3. Instant Branch Chain
    Branch Chain created by users; it does not consume YEED but exists only for a certain period of time (it can be created only by users who have a certain level of trust).
    4. Test / Private Branch Chain
    Branch Chain not connected to YGGDRASH; it is used for test and private purposes (The Stem Chain does not need to be aware of this chain; it is shared by limited users who know the information of this branch or owner of this chain).

    What kind of, discriminate, Blockchain?

    YGGDRASH proposes the most practical and achievable ways to overcome some of the most important challenges of other blockchains;

    1) inherently slow processing speed due to decentralization (though decentralized systems will mostly remain slower than centralized ones) and

    2) the issue of economic incentives that should inevitable to maintain the block chain network using the validation node of unspecified individuals

    3) the increased block sizes and slowed down block sync speed.
    We propose the most practical and achievable ways to overcome those issues.


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