RightMesh ICO Review – Dynamic Mesh Networking - Crush Crypto

RightMesh ICO Review – Dynamic Mesh Networking

Summary

  • Project name: RightMesh
  • Token symbol: RMESH
  • Website: https://www.rightmesh.io/
  • White paper: https://www.rightmesh.io/whitepaper#wp
  • Hard cap: $30 Million (ICO contributors own 30% of the total supply)
  • Conversion rate: 1 RMESH = $1 (Contributions will be made through Bitcoin Suisse exclusively, and contributors must pre-register) / minimum $1,000 contribution
  • Maximum market cap at ICO on a fully diluted basis: $100 million
  • Bonus structure: Presale has 20% bonus, which has a 6-month vesting period
  • Private sale / white list: Presale over, crowdsale whitelist currently open
  • ERC20 token: Yes
  • Countries excluded: Canada and United States
  • Timeline: ICO begins May 30, 2018 (please refer to the RightMesh’s website for all up to date details)
  • Token distribution date: Within 30 days after the end of crowdsale
Video summary (video is 6:17 long):

Project Overview

What does the company/project do?

RightMesh is planning on developing a decentralized mesh network to provide control and access of internet for people world-wide. Their Mesh Network will consist of dynamic peer-to-peer nodes, and the network will be broken into two main components – the mobile adhoc network (MANETs), and the delay tolerant network (DTNs).

With MANETs, there are two possible ways for network connectivity. One is when there are enough devices using the RightMesh network within proximity, forming a series of nodes to hop from. This form has been proposed to work in campus-like environments.

Some nodes in the MANET can also serve as internet sharing nodes, where they act as a gateway to the internet, and thus greater data transmission that its users can buy with tokens.

DTNs are another form of Mesh Networks that can pass along data intermittently, if direct access to the end user is not possible at a given time. In this case, the data can be sent along to the furthest point possible in the network, and continue its transmission at the soonest time a further connection, or node is made available.

Furthermore, the nodes in these networks will be heterogeneous, meaning they will use any tools of connectivity at their disposal (i.e. wifi, bluetooth, etc).

How advanced is the project?

Left, the company that founded RightMesh, has been around for 4 years. It has launch the YO! app in 2015, and designed the Mesh Network in 2016.

Below is a video demonstrating the superpeer feature of the project (video is 2:14 long):

Moving forward, their roadmap is as follows:

Q2 2018 – Public SDK Beta goes live.

Q4 2018 – The SDK will be released to the public, and the token will be live on the Mainnet.

2019 – RightMesh apps will be developed, increase network growth, and multi-device interoperability will be live.

2020 – Decentralized platform collaboration, OEM partnerships.

2021 – Decentralized Mobile Mesh Markets, extending network coverage to more devices, etc.

What are the tokens used for and how can token value appreciate?

RMESH tokens will be used for a number of purposes in the network, including rewards for node runners, payment by users for data transmission primarily but also storage, acquiring geo-location, or other goods and services developed on the RightMesh platform.

Furthermore, some internet connecting nodes will have to stake a certain amount of RMESH tokens in order to qualify their services, and get rewards.

RMESH tokens should appreciate in value if there is enough demand for the proposed network. The more that users want to piggyback on others’ data instead of buying their own data plan, the more the value of the token should be. In addition, if there are enough people wanting to be internet sharing nodes, demand will increase for the tokens so they can stake.

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Team

RightMesh AG, a Swiss company, has representatives in Switzerland, Canada, Bangladesh, Singapore and the United States. More than 100 scientists, developers, entrepreneurs, business strategists, and world-class experts in mesh technologies and blockchain are currently working together. The biographies of the key team members are summarized below:

John Lyotier, CEO - Over 20 years’ experience in marketing and business, with his past 8 years being co-founder and CMO of Left, a media and technology company.

Chris Jensen, COO - Over 17 years’ experience in business and development, with his most recent being co-founder of Left, and CEO of CWH Group, a business training company.

Saju Abraham, CPO - Over 17 years’ experience in product analysis and development, with his most recent being as the CPO of Left.

Jason Ernst, CTO - PhD Candidate and research assistant specializing in heterogeneous wireless networks, and most recent work experience as Chief Network Scientist at Left.

Zehua Wang, Chief Micropayments Scientist - Post-doctoral research fellow at the University of British Columbia.

RightMesh also has a Suite of advisors including Boris Mann, co-founder of FinHaven, Les Borsai, co-founder and CEO of SongLily Inc., Jason Butcher, founder of Parallel Payments, Stefan Jespers (WhalePanda), CEO of IMSolutions, Nicolai Oster, Head of ICO at Bitcoin Suisse, and Agnes Budzyn, managing director at ConsenSys.


Opportunities

  • The development of the project is fairly advanced with Superpeer, µRaiden Payment Channels, MeshIM, among others, developed.
  • The idea is novel and if the project succeeds, the adoption could be wide and potential could be substantial.
  • Yo!, a mobile app developed by Left that provides 'Off-Grid' messaging, sharing and content discovery, will be migrated for use with the next-generation RightMesh platform.

Concerns

  • There are very little details about the project’s business plan and go-to-market strategy. For this project, establishing a strong network in local area quickly is crucial, as the network is not valuable if only few people in a local area use it.
  • Most of the core team members are also working at Left. We are unsure how the team allocates their time between the two ventures.
  • The target users of the project are those without reliable/affordable internet connection. As cryptocurrency users know, purchasing cryptocurrency is a cumbersome process. It could be difficult for the target users to purchase RMESH tokens which creates a barrier for adoption of the project.

Conclusion

Overall, we are neutral about both the flipping and long-term potential of the ICO. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:

For flipping

Neutral. The TGE process is drawn out and the project does not have much market awareness now. The hard cap of $30 million is also high in the current market.

For long-term holding

Neutral. As the target users are those without internet connectivity, We believe it would be a long way until this project sees adoption and RMESH tokens get used. The use of cryptocurrency also creates another barrier for adoption which hinders the rate at which strong networks are created.


For more information about the ICO, please visit the following links:

* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.

This article is contributed by Victor Lai with the help of our intern John Coburn.

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