Sid SharmaICO team member replied on 30 Mar 2019
Hi Iulian Anghelin,
Firstly, we would like to express our deepest appreciation for taking the time to review our project on ICOBench. Unbiased and candid reviews are always welcome, as we see them an important avenue to constantly improve.
We were very excited to read your detailed review and really appreciate your honesty. But at the same time, we are concerned that you may have overlooked key strategic points regarding our project.
We understand and value your perspective and perhaps we didn’t make these key points clear enough in our presentation. If that’s the case then we would like to take this opportunity to clarify some of the points you highlighted regarding the Migranet project.
In an effort to open some constructive and informative dialogue between us, we decided to dissect your review piece by piece and give clarification for each point we feel we have previously addressed in either our whitepaper, pitch deck, videos, or on our official website.
1) “But there are thousands of aspects that need to be revised when trying to develop such an ambitious project, combining Blockchain with AI is not a simple thing and to make them work to their maximum you really need to find the perfect joint between the two.”
We fully agree that there are vast intricacies involved in marrying AI with blockchain technology. Please allow me to shed some light on where AI will be applicable and where the blockchain part will come in.
AI will be responsible during the initial phase when an applicant is filling out the immigration application form. Machine learning algorithm will assess the information provided by the applicant and recommend host countries that the applicant is qualified for. Blockchain will be used for immutability.
Our development team has blockchain developers and AI specialists who have worked on large crypto exchange projects where the AI and blockchain merger was a key requirement. We are very confident our team is up for the challenge.
We have also partnered with Decentralized Artificial Intelligence Alliance (DAIA) to further strengthen our AI development capabilities. Below is the announcement link:
https://medium.com/daia/daia-welcomes-new-partners-risepic-migranet-and-badvr-72e4c195a96.
2) “The migration problem is a very large and important one and certainly not solved with an ICO and a 75M hard cap, that's for sure.”
As you can see by our answer to point 2 above, our focus is to automate the application process and to enhance the end-user experience by simplifying the process.
At present immigration, practitioners charge significantly higher fees for helping migrants with their immigration application. Think of Migranet platform as using turbo tax, instead of going to an accountant for simple tax purposes. For complicated issues you still need to see the accountant, similarly, you will need immigration practitioners for more complicated cases.
Migranet will vet these practitioners to ensure only the best ones are used. The automation process of Migranet also ensures that when practitioners are needed, their services will still be substantially lower as much of the work has already been done.
3) “The MVP is a small form that filled in the various values tells you whether you are fit or not (too short at the moment). The team is quite complete and experienced in the various departments, although in my opinion, it lacks a little more Blockchain development experience in (I repeat, the project is very complex and ambitious), while I failed to verify the background of the team member who is presented as Blockchain Developer.”
The MVP is not just a form, there is a machine learning algorithm in the backend. The algorithm is based on 1300+ used cases for one of the most popular immigration classes in Canada. Currently, we are feeding more data to the AI as we develop it further for Canada and other countries.
Our intent is not to develop immigration solution for every country in the world. Our intent is to automate and simplify the immigration process for the countries where most people prefer to migrate to, for example, Canada, US, UK, Australia etc.
Thank you for the confidence in the team, we have real professionals whose personal reputation is at stake. Regarding the blockchain development team, we have updated the link to the developers GitHub where you can see their past experience as well. Thank you for identifying that.
4) “The community is completely missing”
We accept this point wholeheartedly and feel community growth is our next big mission. Our team has been busy with the development of the AI which seems like a simple form, but the ML algorithm is built with 1300+ use cases for one of the most popular immigration classes in Canada.
Our focus now is to continue to develop our AI and to build a robust community. We do, however, have to date over 560+ members on our telegram, 1700+ on Twitter.
We recently started our marketing campaign because we truly believe that funds should go towards development first and then to other areas. Our key focus is to deliver a working product fast, that will impact millions of lives around the world.
5) “Github is still empty too, there are no reference points, not even ICO details or token creation.”
We agree with you, that was a miss on our end. We have now added code to the GitHub. Thanks for identifying that.
Hopefully, we have highlighted the major areas we viewed as being misunderstood or not accurately represented in your review.
We write to you in the hopes that this open dialogue will work towards creating a better understanding of our project with the acknowledgment that your understanding is of paramount importance in this effort.
Please feel free to continue this dialogue as we are always open to more explanation of the project and dedicated to continuous improvement.
Thank you so much for your time and understanding!
Firstly, we would like to express our deepest appreciation for taking the time to review our project on ICOBench. Unbiased and candid reviews are always welcome, as we see them an important avenue to constantly improve.
We were very excited to read your detailed review and really appreciate your honesty. But at the same time, we are concerned that you may have overlooked key strategic points regarding our project.
We understand and value your perspective and perhaps we didn’t make these key points clear enough in our presentation. If that’s the case then we would like to take this opportunity to clarify some of the points you highlighted regarding the Migranet project.
In an effort to open some constructive and informative dialogue between us, we decided to dissect your review piece by piece and give clarification for each point we feel we have previously addressed in either our whitepaper, pitch deck, videos, or on our official website.
1) “But there are thousands of aspects that need to be revised when trying to develop such an ambitious project, combining Blockchain with AI is not a simple thing and to make them work to their maximum you really need to find the perfect joint between the two.”
We fully agree that there are vast intricacies involved in marrying AI with blockchain technology. Please allow me to shed some light on where AI will be applicable and where the blockchain part will come in.
AI will be responsible during the initial phase when an applicant is filling out the immigration application form. Machine learning algorithm will assess the information provided by the applicant and recommend host countries that the applicant is qualified for. Blockchain will be used for immutability.
Our development team has blockchain developers and AI specialists who have worked on large crypto exchange projects where the AI and blockchain merger was a key requirement. We are very confident our team is up for the challenge.
We have also partnered with Decentralized Artificial Intelligence Alliance (DAIA) to further strengthen our AI development capabilities. Below is the announcement link:
https://medium.com/daia/daia-welcomes-new-partners-risepic-migranet-and-badvr-72e4c195a96.
2) “The migration problem is a very large and important one and certainly not solved with an ICO and a 75M hard cap, that's for sure.”
As you can see by our answer to point 2 above, our focus is to automate the application process and to enhance the end-user experience by simplifying the process.
At present immigration, practitioners charge significantly higher fees for helping migrants with their immigration application. Think of Migranet platform as using turbo tax, instead of going to an accountant for simple tax purposes. For complicated issues you still need to see the accountant, similarly, you will need immigration practitioners for more complicated cases.
Migranet will vet these practitioners to ensure only the best ones are used. The automation process of Migranet also ensures that when practitioners are needed, their services will still be substantially lower as much of the work has already been done.
3) “The MVP is a small form that filled in the various values tells you whether you are fit or not (too short at the moment). The team is quite complete and experienced in the various departments, although in my opinion, it lacks a little more Blockchain development experience in (I repeat, the project is very complex and ambitious), while I failed to verify the background of the team member who is presented as Blockchain Developer.”
The MVP is not just a form, there is a machine learning algorithm in the backend. The algorithm is based on 1300+ used cases for one of the most popular immigration classes in Canada. Currently, we are feeding more data to the AI as we develop it further for Canada and other countries.
Our intent is not to develop immigration solution for every country in the world. Our intent is to automate and simplify the immigration process for the countries where most people prefer to migrate to, for example, Canada, US, UK, Australia etc.
Thank you for the confidence in the team, we have real professionals whose personal reputation is at stake. Regarding the blockchain development team, we have updated the link to the developers GitHub where you can see their past experience as well. Thank you for identifying that.
4) “The community is completely missing”
We accept this point wholeheartedly and feel community growth is our next big mission. Our team has been busy with the development of the AI which seems like a simple form, but the ML algorithm is built with 1300+ use cases for one of the most popular immigration classes in Canada.
Our focus now is to continue to develop our AI and to build a robust community. We do, however, have to date over 560+ members on our telegram, 1700+ on Twitter.
We recently started our marketing campaign because we truly believe that funds should go towards development first and then to other areas. Our key focus is to deliver a working product fast, that will impact millions of lives around the world.
5) “Github is still empty too, there are no reference points, not even ICO details or token creation.”
We agree with you, that was a miss on our end. We have now added code to the GitHub. Thanks for identifying that.
Hopefully, we have highlighted the major areas we viewed as being misunderstood or not accurately represented in your review.
We write to you in the hopes that this open dialogue will work towards creating a better understanding of our project with the acknowledgment that your understanding is of paramount importance in this effort.
Please feel free to continue this dialogue as we are always open to more explanation of the project and dedicated to continuous improvement.
Thank you so much for your time and understanding!
