The RightMesh project aims to build an ad hoc mobile mesh networking platform. Their figures show that 3.9 billion people don’t have internet access. This is over half of the world’s population and the mission of this team is to “connect the next billion”.
By doing this, they say that they will help lift 100 million people out of poverty. It will use people’s existing mobile devices together with Bluetooth and Wi-Fi to make this happen.
The pre-sale of tokens was completed earlier in 2018 and the public sale event is scheduled to begin on May 30, 2018, having been delayed from the date initially planned.
The RightMesh ICO details listed below help us to better understand what this project is all about and what its chances of success are.
The information provided here is for informational purposes only and should not be seen as investing advice. Our opinions on this site are only that, if you are considering an investment into cryptocurrency or anything we speak about on this site, please advise a trusted financial professional first, before doing so.
Token: RMESH tokens
Hard Cap: $30 million
Payment Methods: ETH
Total Cap Size: 129,498,559 RMESH tokens
Technology: Mobile mesh networking using nodes can communicate directly P2P with each other without relying on internet access
Private Sale: Completed
Public Sale Date: May 30, 2018
The idea behind RightMesh is to take advantage of existing technology to allow more people in developing countries to access the internet. It can also be used when normal internet isn’t available, such as in the case of natural disasters bringing down the communication systems.
This decentralized connectivity option integrates Blockchain technology on the Ethereum network in order to provide unique codes for each node that uses it. Use of the platform will be incentivized through the RMESH tokens.
These coins will also be used for the sale and purchase of goods and service over the network.
Project Use Case
We can see the use cases for RightMesh on their website. Here there are 4 different scenarios put in front of us:
The first one is to use the network so that internet connectivity can reach developing communities that currently lack the infrastructure to use the internet.
The second use case is to allow people to hook up to the internet when the likes of extreme weather knocks out traditional internet connectivity.
Thirdly, it promises communication freedom so that people aren’t denied internet access due to political reasons.
Finally, by taking users off the internet they expect to make the internet less congested, meaning that it will be faster for everyone who uses it.
RIGHTMESH Team Overview
There is a capable team leading the RightMesh ICO and to be quite frank, one of the strongest we've seen.
They are split into a Technical Leadership Team of 3, a Corporate Leadership Team of 10, and a group of 10 Advisors.
The Technical Leadership Team includes Dr Jason Ernst, Dr David Wang, and Saju Abraham. The Corporate Leadership Team includes people such as John Lyotier, Chris Jensen, and Melissa Quinn.
We can see in this way that they have a wealth of related experience in all of the relevant industries; mesh technology, peer to peer networks, marketing, Blockchains, and more.
As for the Advisors, the first names listed are those of Daniel Gillis, Boris Mann, and Les Borsai. Again, a look through the profiles of these and other Advisors confirms that they bring a lot of varied and highly relevant experience to the project.
How Does The Token Work
The RMESH tokens are ERC20 compatible tokens that lie at the heart of this platform. One of their main functions is to incentivize users for providing nodes that provide the connectivity needed for the platform to work. They can also be used to pay for premium services or data.
In addition, these tokens will also be used by content providers as a way of encouraging users to consume the content that they produce.
What Do Investors Gain
Despite this being a project with a worthy cause driving it, there is also the chance for investors to make money from it too. As is typically the case with ICOs, if the platform is a success then demand for the tokens will increase, driving up the price of them.
Pre-ICO investors took advantage of a 20% discount on the full price of tokens. There is no word on whether the public sale will include discounts in the early days.
9 QUICK WAYS TO EVALUATE ANY ICO
With dozens of ICOs coming out each week, we've put together an oversimplified 9 step framework on how we evaluate ICOs. Download it and start your ICO investing with a no-bullsh*t resource.
Opportunities & Risks
There is no denying that this project has a bold aim. They want to use Blockchain technology to help the internet reach far more people than it currently does.
With billions of people lacking connectivity right now, there is massive scope for this to work. Best of all, it will use people’s existing mobile devices to make it happen.
On the side of risks, their look at the competitive landscape acknowledges that there are many types of mesh networking options around just now. They believe that it is possible for them to work together with other projects to achieve their combined goals.
Another factor that we aren't quite sure about is their token allocation for the ICO. With only 30% being distributed during the ICO and another 30% kept as "community" tokens. We understand the need to distribute the tokens to actual users (those without easy access to internet) but our standard gradings usually like to see more allocation to the public.
This is obviously a very long term project in many cases and we really are rooting for them.
ICO SIGNALS :
A clever idea that could help out millions of people to achieve internet connectivity, RightMesh makes some bold promises. If they can achieve even part of what they claim in terms of alleviating poverty and improving the quality of life around the world then the project could certainly be considered a success.
As for the prospects of the ICO, it is clear that it has been well put together by a very strong team of experts that know exactly what they are doing. The White Paper and the website do a good job of explaining all of the details of the project, and the team have even taken the time to explain why they delayed the original ICO date.
Perhaps the one serious doubt over this ICO is around the fact that there are other solutions out there in a fast-moving area. Their suggestion that different mesh networking solutions could work together may be the key to removing this as an obstacle.