MiniApps project forecasting on wings.ai
Hi Steemians,
Quick presentation of Wings.ai
I decided to use Steemit for my forcastings on Wings.ai since my previous post on the Snip ICO. If you haven't already heard of Wings.ai, a crypto project (on top of Ethereum), it's a DAO specifically dedicated to help the launch of crypto project - before the ICO, the team may publish the project & ICO parameters which in return will be forecast and evaluated by the wings community. For more information on the wings platform and the forecasting mecanism, see the Wings blog. Some steemians have already presented this project and you can find old post by @ether19; by @kanoptx; by @generation.easy or by @jwiz168
Why using Steemit? Just cause when we made the forecast, we have to put a tiny review in 160 characters and we can, for more deep explanation, put a internet link to a more long review! So, Steemit looks like the good place: as i made a more precise forecasting, steemians will be able to review my forecast just on their preferred platform: hitting two targets with one bullet. so today, we will give our opinion on the...
MiniApps - AI & Blockchain powered chatbots
Introduction
MiniApps.pro aims to create an ecosystem to link, from one side, sales partners and, from the other, side developers, with a dedicated platfrom for AI/Chatbot communication tools. On it's core, is a high-performance system that handles message exchange between users, chatbots, messengers, and third-party business logic. For small business this kind of service should/will become a must have, following the development of the Internet commercial offers and it's counterpart: the need for a easy &qualitative way to interact with consumers. As their Blog and the wings presentation explain:
Everybody is talking about hi-tech like blockchain, AI, machine learning, big data, smart-contracts. But the fact is that all this hi-tech is available only to corporations or specialized IT companies. At the same time, there are 300+ mln SME in the world which cannot afford all these high technologies mainly due to lack of human and financial resources. Still all these 300+ mln SME’s have same problems like big guys in the areas of customer care, marketing and sales, etc, which can be solved by modern messaging and AI-based technologies: chatbots.The reason for this situation is that SME market is huge, fragmented, and spans across different regions.
This lack of interest to SME market means that this market is generally underserved or even untouched. IT and high-tech companies prefer either to go for B2C or corporate B2B.
Sales partners work with SME clients and use those chatbot templates to create customised solutions for their clients. Partners do not need to have any software development skills. Instead they use MiniApps Visual Builder tool to stick together templates just like Lego bricks.
Ethereum smart-contract based ecosystem and marketplace
Global sales partners network
Developers community
Network effect
The team behind the miniApps project as already begun it's commercial operation from mid 2016 and already supports all major messengers like Facebook, Telegram, VK, Kik, WeChat, Skype, Line, Viber, mobile Web and also support chatbots on dumb phones over SMS/USSD.
It has several regional partners in Russia, Philippines, Nigeria and have Current clients/partners of MiniApps.pro: MTS (#1 mobile telco in Russia), Beeline and Tele2 (leading mobile telcos in Russia), Alfa-Bank (leading privately owned bank in Russia), DPC (YellowPages in Philippines), SMART Philippines, SDEK (leading logistics provider in Russia), CopernicusGold (blockchain, fintech), Moscow Government, GazpromBank.
You may access to their white paper here.
They build their platform around their MiniApps token (MAT) (an ERC223 token) which provides following specific functions and rights:
Right to become a partner
Right to get partner’s discount
Right to place template in a marketplace
Right for an extra commission from template sales
Right to run a referral program (token leasing)
They have concluded their pre-ICO, and will open, their ICO on 18/10/2017, for a 2 mouth period. See their road map on their site. If you want participated you may be registered, click here
The ICO price will be 1MAT=0.01ETH and during the Token Generation Event no more than 20 million tokens will be issued. They've defined 1/ a softcap of $8,000,000 and a 2/ hard cap of 100,000 ETH
ICO distribution will be:
Some steemians have already wrote on this project. Yous can find old post for a better presentation :
@outerground; by @markjason; by @michellerhey; by @steveconnor; by @cabbage-dealer or by @icorating
My forecast
the wings.ai question is:
You are forecasting the total amount of funds (in ETH) that the project will raise in it's upcoming token sale (inc. presale)
Pro
- In my opinion, the project may correspond to market needs with an increasing use of communication platform which push to develop more autonomous tools for users interactions with business/ service providers. This market will rise significantly during the next few years and miniApp may took some great market share on it.
- The team seems have already some important partnerships, on differents territorial area.
- For investor, the ICO distribution seems to me fair (50% of all token dedicated to the TGE investors), it's hard caped and their token seems to be designed to increase in value in case of success.
- A great part of fund will be dedicated not to technical improvement (only 25%) but for marketing campaigns and office (68%). It could emphasis that their product are already developed and that they will try to increase their market share with aggressive marketing campaign. It's could be sign of already defined strategy on an emerging market: internet service tools targeted small business and their consumers services needs.
Con
- They are not alone in this market and some other competitors already proposed some chatbot and communication services. And seems they know that see (pro 4. they will use massive amount of raised fund for marketing)
- They use wings.ai for price discovery rather than to established more precise ICO parameters. Thus losing the most important use case of wings: improve ICO by discussing/reshaping proposed parameters.
- no more... if you see other con don't hesitate to post response and i'll may update my post
Conclusion
They may reach their low cap quickly and may reach the ICO hard cap too (~30 000 000 Euros). It the first crypto project i see built around AI/Chatbot B2C activities and think that this kind of project have some rooms to grow.
Edited
A contest have been open on this subject by @originalworks see the post here
If i haven't wrote my own post for this specific purpose (as demonstrated by the timestamp of each post, mine have been published before the contest), i decided to submitted it to the miniapps2017 contest.
This post has been submitted for the OriginalWorks Sponsored contest!
You can also follow @contestbot to be notified of future contests!
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