Railz ICO (RLZ)
Blockchain based platform for machine-to-machine negotiation technologies
Railz Score Analysis
Railz aims to create a decentralized IOT communications protocol faster than existing protocols, with the additional and unique negotiation aspect. This is a new niche with few competitors, however Railz fails to explore this in their whitepaper. The CEO and Co-Founder are well-experienced, as well as the CTO and developers. The current roadmap demonstrates the protocol has only begun development in March - December 2018, aiming to implement the first version in November. With a well-experienced team, this product could be promising, but a lack of product development presents difficulty in analysis. The marketing team is experienced, with average levels of marketing efforts seen and a good response from the cryptocurrency community. Some other issues were touched upon in analysis: the hard cap is over 16 times the soft cap (6200 eth - 100,000 eth), 20% of the token allocation is reserved for the team, the whitepaper is lacking information, and there is a lack of discussion of regulation (a legal paper is currently unavailable but will be in future.
Railz Use of Token
RLZ is Railz's native token. RLZ is an Ethereum based ERC20 token. 500 million RLZ tokens will be offered for sale via the ICO, which correspond to 25% of the total token supply. RLZ is a utility token that has to be spent every time the outcome of a machine-to-machine negotiation or conversation is completed successfully.
Organization
RAILZ NETWORKS
Platform
Ethereum
Coin type
Utility Token
Category
Technology
Soft cap
6,200 ETH
Max cap
100,000 ETH
Max supply
2,000,000,000 RLZ
Price
0.0002 ETH
Railz Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
Railz Distribution
Railz Use of Proceeds
Railz Team Members
Railz Past Events
- 31 March, 2019
Our White Paper sets out the business vision for the Railz protocol and the technical Yellow Paper describes the technical and mathematical concepts that underpin the Railz protocol.
- 25 June, 2019
The Pre-ICO token sale commences at 0000 UTC on 25 June 2018 and completes on 23 July at 2359 UTC.
- 25 June, 2019
Applicants whitelisted on or before 2 July at 2359 UTC will receive a 30% discount.
- 31 July, 2019
Much of the technology team to build Railz is already in place. We will build out the Railz marketing and operational teams from June to August 2018.
- 12 August, 2019
Much of the technology team to build Railz is already in place. We will build out the Railz marketing and operational teams from June to August 2018.
- 31 August, 2019
Much of the technology team to build Railz is already in place. We will build out the Railz marketing and operational teams from June to August 2018
- 30 September, 2019
From September 2018 the Railz protocol will be promoted to and adopted by early major industrial clients and innovative SMEs. This promotional period to early adopters is scheduled to last 15 months.
- 31 December, 2019
The technology team will build out the Railz protocol in 2018.
- 31 December, 2019
We will provide the beta release of Railz to the early adopter IoT manufacturers and make available on GitHub for download by December 2018.
- 31 March, 2019
Railz Version 1.0 to be released for 1Q 2019