MADANA ICO (PAX)

Blockchain based data analysis platform

MADANA is the first ever ICO to be launched on Lisk's blockchain. MADANA is a blockchain based data analysis platform. MADANA enables users to control the privacy of their data, while monetizing it anonymously. MADANA offers GDPR compliant means for processing of data, opening the door to a novel business model for future services and apps.

Start Date

01 Sep, 2018

End Date

30 Nov, 2118

MADANA Score Analysis

Madana aims to renew faith in data collection by creating a private, regulated data collection platform. There aren’t many decentralized data marketplaces in the crypto ecosystem so far. However, specific competitors were not explored in the whitepaper. The CEO, CTO, COO are experienced, but the CEO’s and CTO’s previous experience could not be verified. Furthermore, there is no dedicated development team. Madana is aiming to develop a prototype project (utilising their platform) beginning Q1 2019. The lack of development team could affect the product’s realizability. The head of marketing is experienced, whilst marketing efforts have been average and response has been quite low. Another thing to consider is that all partnerships presented on their website could not be verified with evidence.

MADANA Use of Token

PAX is MADANA's native token. PAX is issued on Lisk's blockchain. 55 million PAX tokens are offered for sale via the ICO, which correspond to 55% of the total token supply. PAX tokens will be used for monetization of data. PAX tokens will be used to pay participating data producers as well as plug-in providers.