Hello,
i show your token thread, but what is the different or advantage to modum? Your project is very similar to the modum token i think?
1) modum does not build their own blockchain, they just basically create some sort of temperature logger which interacts with ethereum; we build our own network fully compatible with ethereum
2) team / advisors / partnerships / traction ---> compare and make your conclusions
3) they make temperature logger, we make sensor systems, again completely different levels of technology
4) their token is not even a real utility token, it's a share of their startup; in contrast, amber is a utility token in a public network
Unbiased people seem to think that modum.io is the better investment, though:
Modum.io got 8.5/10:
https://www.youtube.com/watch?v=6ZJUWLvNaig&t=207sAmbrosus got 7.5/10:
https://www.youtube.com/watch?v=k4xqrUn8Z9sExcerpt from this review:
https://crushcrypto.com/analysis-of-ambrosus/- Modum already has a working product with 43 registered companies and 844 shipments, which is more advanced than Ambrosus.
- Their token sale started on September 1, 2017 and their hard cap is $16.4 million – 16% of what Ambrosus is asking.
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When asked about the difference between Ambrosus and Modum, Ambrosus keeps mentioning that they are creating a blockchain and Modum is not. However, is it necessary?We would not call the ICO reviewers unbiased. A number of them contacted us weeks/months ago asking for a "donation" in return for writing a nice review about us. We refused, as we believe that analysis of projects should not be subject to "donations", because the proper term for that is bribery. There is no objectivity amongst the reviewers.
Modum actually failed to mention in their reddit Q&A session about who their clients are citing NDA (which is a nice excuse for not giving any info, but claiming to have big partners). We also have a product and far more advanced than modum. And besides having a few private partnerships , we have public ones with prominent stakeholders such as the United Nations, as well as a pharmacy company Trek Therapeutics. We have on board people such as David Drake, whose fund has invested 100 million USD into Alibaba and Palantir; Oliver Bussman, former CIO at UBS and former senior executive at SAP (which is used by the vast majority of supply chain companies) --> do modum have anything like this? no.
An own blockchain network is an advantage, and more especially so when there is a powerful consortium of stakeholders involved. Modum are dependant on workability / functionality of other blockchains for their success, because they have nobody inhouse capable of building a real blockchain. We have a solid team of blockchain devs and partnership with Parity, which is led by Ethereum Cofounder Dr Gavin Wood - and coupled with the excellent talent pool at the Swiss Federal Institute of Technology we have the technical capacity to create a blockchain that delivers and not to wait on others to safeguard our success.
That's why there is a difference in caps. Lower quality stuff is always cheaper.
Modum is blockchain agnostic afaik, they can use any blockchain for their services.
So they will have the advantage of being flexible and being able to use the most secure blockchain available.
Who is going to secure your blockchain? How long will it take to build your own blockchain and secure it?
Why should companies trust an unproven blockchain more than a service running on established blockchains like ETH, BTC or IOTA ?
Not wanting to reinvent the wheel might be the smarter approach. Especially from the point of an investor.