The NOIA ICO introduces a decentralized content delivery network. It is a project that “enables hundreds of thousands of computers to serve as points of presence (POP's) for web content caching and delivery”.
Any computer or server with internet access can join up to the NOIA network and earn rewards. Existing sites and applications can use it for content delivery, to decrease costs as well as make their content distribution more effective.
The pre-sale of tokens for this project will take place throughout April 2018. The public sale of tokens will then start on May 29, 2018, with no end date currently listed.
The details of the NOIA ICO allow us to understand what it is all about as well as its chances of success.
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Token: DIW tokens
Token: NOIA tokens
Hard Cap: $36 million
Payment Methods: ETH
Total Cap Size: 1 billion NOIA tokens
Technology: Content scaling layer and governance layer on Ethereum Blockchain
Private Sale - April 2018
Public Sale - Starts May 29, 2018
The idea behind NOIA is to make the internet more efficient using a content delivery system powered by Blockchain technology.
It will does this by allowing computers and servers all around the planet to act as "points of presence." With CDNs (content delivery networks) now part of a huge global market, the value of this industry is expected to increase from $6 billion in 2016 to close to $31 billion by 2022.
Everyone who sets up their own machine as a NOIA mode will earn rewards for playing their part in making the network work. Website owners can then setup the network to improve their content delivery, allowing users to access content a lot quicker.
Project Use Case
The NOIA White Paper points out that their solution is going to be most useful for smaller web content providers with an audience in more than one country.
The document goes on to state the savings one can expect to take back by switching to their network are to be substantial. We can see how this project can help to bring faster content delivery to developing regions and also to large countries with a dispersed population.
DIW Team Overview
Registered in Gibraltar, the NOIA team brings together 15 core members and a group of 4 advisors.
The first name listed on their site Domantas Jaskunas, who is the Co-Founder and in charge of Operations. His background is largely from the financial industry and he has been behind a number of start-ups. The other Co-Funder is Justinas Valutavicius, who acts as the Senior CSL Developer as well.
Other core team members include CTO Jonas Simanavicius, Quant Developer Vytaus Jurenas, Junior CSL Developer Danielius Dvareckas, and Community Manager Nojus Liepis. The team overall has a strong mixture of skills and backgrounds with major companies.
How Does The Token Work
The NOIA token is designed to be a utility token that will comply with ERC223 token standards.
This will be the network’s method of payment. At the outset, a single token will be worth 5GB of data transfer. Owners of websites and applications can use tokens to pay for the services that they receive.
These same tokens will also be used to reward the users whose nodes allow content to be delivered effectively. 45% of the overall 1 billion tokens will be made available for investors to purchase.
What Do Investors Gain
Increased demand for tokens should lead to increased value. This is the simple theory behind the NOIA proposal.
The team have compiled a lot of facts and figures to back up their claims that this is likely to be a huge success due to high global demand. Things such as scarcity & a delay in payments are interesting features.
No details of early investor discounts have yet been added to their website or White Paper.
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Opportunities & Risks
It is clear that this kind of content delivery network is becoming increasingly important these days. The growth expected by the NOIA team should certainly be enough to give this platform a good chance of success.
This is a highly competitive marketplace but the White Paper states that it isn’t strictly accurate to class them as competitors to existing CDNs. Their comparison table shows that big financial savings could be made by companies using their solution.
The NOIA White Paper ends with some fairly standard risks. These include the risk of not raising enough money, unforeseen development barriers, new competition, and emerging legislation. There are no project-specific or industry-specific risks likes in the document.
ICO SIGNALS :
This is an interesting, forward-looking project that could solve a problem that relatively few people are currently aware of.
Their headline phrase of making the internet more efficient is sure to attract some attention, but the technical nature of the project could make it difficult to implement because of security reasons and also adoption of these networks.
Their community is slowly growing but they could do with more widespread exposure to get their ideas known by more people.
The team appears to be strong, with a good mixture of skills and impressive backgrounds from the key members. A slightly larger group of Advisors might be advisable but there is a lot to like about the team as it stands.
Overall, this is one of those ICOs that probably doesn’t really stand out to people from a non-technical background, and the fairly dry White Paper doesn’t help in making it appeal to the masses. However, the strength of the idea is sound in that it's possible and somewhat timely.