Cryptocurrency review 4: Adbank
Welcome everyone to crypto review.
Here you can read about various cryptocurrencies, learn about them in depth. What they're trying to do, team, development etc.
The purpose of this post is to help every crypto enthusiast with investing.
Today we will be reviewing "Adbank" , we will take a look at what they aim to do, team behind it, roadmap, general crypto info etc.
General Cryptocurrency information:
Name: Adbank (ADB)
Metrics (Block size, algorithm, fork, supply etc.):
Fork/Platform: ERC20 (ETH Platform)
Algorithm: Etash (ETH is used as gas for transactions)
(It was an ICO, here is some Token info from their white paper)
Token Distribution:
Public: 51%
Team: 15%
Bounty: 2.5%
Advisors: 2.5%
Reserved: 29%
Market cap: Market Cap: $6,762,305 USD (at the moment of writing this post)
Circulation Supply: 480,953,700 ADB
Total Supply: 1,000,000,000 ADB
Daily volume (as of now): $23,250 USD
30 Day avg. volume: $875,765 USD
Rank on Coinmarketcap: #567 (as the moment of writing this post)
All time high: $0.0418 USD | 453 Satoshis
Vision/Problem it solves:
Adbank claims that more than 50% of ad clicks on the internet, are fake. Yes fake, clicks make by Bots. Which means that the advertisers have only 46% chance that the 'person' clicking the ad is really a person.
So, what is Adbank's solution? I think you might already have figured it out, they're creating a platform for the publishers/advertisers. Where you can buy legit clicks and advertising with low cost.
Adbank is on the Ethereum platform, which makes it an ERC20 token, that way they can utilize Smart Contracts.
What's Adbank platform?
Adbank platform offers publishers and advertisers what they need. A medium which allows the advertisers to buy real clicks and real ad spaces, for cheap. And publishers to get their fair share of the money.
How does it work?
Adbank has already launched their Beta version of the Adbank medium, which you can already register on and take a look around.
So, how does it exactly work? Let's explain:
It goes as following:
The advertiser wants to advertise their product/service. The advertiser goes on to purchase some Adbank tokens to initialize a Smart Contract on the Adbank platform. The Adbank Ad Network offers low fees, targeting 0% net profit. Which means that if 1 click costs 1 $, you pay 1$ for 1 click, and the publisher (person advertising your product/service) gets close to 1$.
By using the Adbank platform, publishers can get paid more for their content while charging advertisers less and creating a transparent ecosystem that benefits all key stakeholders in the industry.
How will Adbank make money?
After some time, when Adbank acquires enough publishers/advertisers, they will charge about 25% for each transaction made on the platform (contract/deal).
Partnerships:
CoolCousin (ICO Traveling)
Verasity (Video Sharing Platform)
HowDoo (Social Platform)
Admix (VR/AR platform)
Influencive (News Media)
Social Media:
Their Twitter/Telegram/Youtube activity is top notch! They got weekly updates on Youtube, always announcing partnerships, new people new networks joining their platform and so on. Their CMO/ Co-Founder is I think by far, the best marketer ever. He's full of energy, always there to tell you everything about Adbank. He can sit down with you, and just talk about Adbank and its mission all day.
Team:
Their team does have famous/well known people, such as: Kristine Stewart (VP of Media @ Twitter) and Founder of PIVX as advisors. The rest aren't that know. But I'm impressed with Chiron, he has worked with the FBI, NASA and omg! EBAY? ARE YOU SERIOUS? ( :D )
Product:
Adbank already released a Beta version of their platform. But the idea behind it, is just fantastic. When this gets more influencers and advertisers, I will jump on it straight away! I'm a big entrepreneur, I always come up with new ideas and work with businesses, and I think this platform will be in my toolbox for future.
Exchanges:
You can trade other cryptocurrencies for Adbank on the following exchanges:
Rating:
Total 10/10 (2 each)
Product 2/2
This has a lot of potential. They released Beta already and it's working really well. But there aren't a lot of publishers and advertisers. And that is normal, I mean you have to convince millions of people that your platform is better. This has never been done before, and so everyone is waiting on the side lines.
But the ones that jump on first, will benefit the most.
Team 0.5/2
I'm going to rate the team 1, only because we see their CMO/Co-founder only. I would like to see all of the team members communicating with the community and investors. Seems like only the CMO is "brave enough" to talk to the community members and do livestreams (Yes, few times others appeared as well, but I would like them more on the camera). And the team is also too small (Core team put on the website)
Social Media 2/2
Twitter, Facebook, Youtube, Telegram, Reddit etc. they're very active. Weekly updates, announcements, partnerships etc.
Partnerships 2/2
Already landed 5 partnerships and landing and working on new ones every single day. That's darn good for an ICO which is done for 6 months and is attempting to convince thousands of businesses and millions of people to use their platform.
Exchanges 1/2
Again, 1 because yes they're on Kucoin and only Kucoin. IDEX is a DEX (Decentralized Exchange) so it doesn't count. I would like to see exchanges like: Cryptopia, CoinExchange, TradeSatoshi etc.
Total: 7.5/10
If you liked my review, please give it a thumbs up and drop a follow! Also, comment down below what you think about Hacken, their vision, team. Are you invested in it?
Have a great day everyone!