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Ratings Omnitude

A blockchain middleware layer

Omnitude is a radical concept in blockchain eco-systems. Utilising Omnitude as an integration layer between existing systems enables seamless blockchain integration for enterprises both large and small without the need to replace current systems.

4.3
28 27 expert ratings
Benchy 3.9
KYC
Experts
4.6
4.4
4.2
Review: coming soon PRO
~$8,000,000
value of tokens sold in ICO
Ended
Token
ECOM
Type
Price in preICO
1 ECOM = 0.40 USD
Price in ICO
0.4600 USD
Country
UK
Whitelist/KYC
KYC
preICO start
30th Jan 2018
preICO end
16th Feb 2018
ICO start
28th Mar 2018
ICO end
4th Jun 2018
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Hung Chih (Jason Hung)
Online and offline market expansion | fundraising
Rated on Feb 9, 2018
5
5
5
6%

Really a convincing team, wish the project success!

+8Agree
+7
-1Disagree
Report
Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Feb 9, 2018
5
5
5
6%

Great project and very good team .... Also very interesting

+5Agree
+4
-1Disagree
Report
Tyler Sanford
Marketing | Campaign and Community Management
Rated on Feb 28, 2018
5
5
5
6%

Great team and interesting concept. I look forward to watching Omnitude grow.

+7Agree
+7
Disagree
Report
Dr. Rex Yeap
IP Blockchain inventor | Serial ICT inventor | Angel Investor | Quant | Educator | Meditator
Rated on Jan 7, 2020
1
2
1
6%

C1. Official Telegram message from CEO Chris Painter (dated 6 Jan 2020):
"The funding has been delayed even further, with current timelines looking like 3+ months away.
I feel like we have been seriously and continuously mislead for the past year by the funding, despite having signed contracts and constant assurances and are now too far in to make alternative arrangements.
We have no choice now but to cease operations until further funding can be obtained, this is something myself and Jurie will be exploring, whilst also having no choice but to seek other employment.
Over the past few months we’ve explored hundreds of other avenues to try and avoid this, but currently there isn’t any investment appetite for blockchain.
I’m absolutely gutted it’s come to this, and have at all stages acted in the best interests of all token holders, whilst myself losing a significant amount of money I put in to start the company.
I’m not giving up on Omnitude, but also need to pay living expenses whilst searching for funding."

C2: Due diligence on Omnitude by ICC (dated Feb 2018):
"1. Co registered in UK https://beta.companieshouse.gov.uk/company/11153392
2. No IP
3. Vesting 5 years
4. Vesting in smart contract (need to check)
5. Smart contract will be deployed? Yes (need to check, link?)
6. Smart contract audit? Yes (need info, who)
7. GitHub link? None yet
8. Working product (not yet)
9. No product, no code yet (will be audited in future)
10. KYC encryption
11. US investors, REG-D? Yes. "

C3: Current github link (empty): https://github.com/Omnitude

C4. Would like to understand from the core team how you spent the millions of dollars in under 24 months by 14 Jan 2020

C5. I may revise my rating after hearing from the team.

Agree
0
Disagree
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Richard Kastelein
Publisher of Blockchain News (EST 2015), Director of Blockchain Partners, Director of Token.Agency
Rated on Feb 14, 2018
5
4
4
5%

The idea is not astoundingly fresh or revolutionary - but it's needed. And the team rocks. I am a full believer in teams - and have supported full pivots with startups in the past with great teams. Pedigree is everything in this game. Can you prove you made it happen in the past? Good. Make it happen Omnitude!

+1Agree
0
-1Disagree
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David Drake
Managing Partner
Rated on Apr 16, 2018
4
5
5
3%
This rating's weight is reduced by 50% as there is no review added.
Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Feb 14, 2018
3
3
3
5%

I was excited to finally see a 'true' blockchain project here. However, after reviewing it I am not sure that I would consider this to be a blockchain/infrastructure product. first they are offering technology that is already available within eCommerce, their two products fraud detection and prevention and supply chain management and product tracking. The technology provides protections for fiat currency payments that already exist. However it does not address core blockchain issues of security for for cryptocurrency which is what I was expecting to see. The team looks sharp, however I grade teams based on having experience with well known international companies and playing a key role within the organization. I will place a standing offer to revise my rating if anyone from the team can provide me with solid information to the contrary of my review.

+3Agree
+3
Disagree
Report
Chris PainterICO team member replied on 17 Feb 2018
In your review you state

first they are offering technology that is already available within eCommerce, their two products fraud detection and prevention and supply chain management and product tracking.

This is incorrect, we are building an ecosystem that allows products like this to be built, also this technology is not already available in eCommerce, I’ve spent the last 12 years building this technology, the only existing technology like this is available from major players and costs into the millions to deploy, its not available to SMEs or anything but the largest of retailers.

The technology provides protections for fiat currency payments that already exist. However it does not address core blockchain issues of security for for cryptocurrency which is what I was expecting to see.

Again this is something that the technology allows, not what the core technology is about, we aren’t making a play for payments, we have a lot of ideas around this that we cannot release yet.

The team looks sharp, however I grade teams based on having experience with well known international companies and playing a key role within the organization.

We have a number of blue chip companies on our books, however we cannot disclose who.

Many internet companies are trying to pass off as blockchain plays. I am not saying you are doing that. I am just looking for a practical connection of not just saying, but showing how the interaction will be truly a blockchain play.

This is outlined briefly in our video and fully in our technical white paper.

If transactions are occurring and records are stored in the same manner as today then there would be no difference.

We are making a middleware system that integrates different systems to allow people to build data flows between, not just store records or transactions.
Rick Tapia
Blockchain Advisor and Consultant
Rated on Feb 8, 2018
5
5
5
3%
This rating's weight is reduced by 50% as there is no review added.
Purushotham Maralappa
Consulting Manager at Emurgo, Blockchain and Tokenization advisor
Rated on Mar 4, 2018
5
5
4
5%

Interesting concept of integrating layer with existing system and backed by strong team.

+5Agree
+5
Disagree
Report
P.B. Stanton Esq.
Securities and Banking law | Former US Marine JAG Officer | Complete legal advisory
Rated on Feb 8, 2018
5
5
5
5%

I am very impressed with this project! This will be a top ICO to watch!

+8Agree
+8
Disagree
Report
Shaf Madina Zaman
Founder - Crypto Society, ICO Advisor, Marketing Consultant, DayTrader, BlockChain Enthusiast,
Rated on Mar 18, 2018
5
4
5
2%
This rating's weight is reduced by 50% as there is no review added.
Vlad Skakun
Co-Founder and CFO at CryptoDiffer | Investor| Marketing Specialist| Senior Analyst at Venture Fund
Rated on Mar 25, 2018
5
4
5
2%
This rating's weight is reduced by 50% as there is no review added.
Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Jun 3, 2018
5
4
4
4%

Not the most original idea but the team is good, and their vision is commendable.

If implemented in the right way, it would turn out to be a great product.

+1Agree
+1
Disagree
Report
Alexander Sverdlov
Cyber Security Advisor for ICO startups
Rated on Mar 22, 2018
5
5
3
4%

Using Hyperledger is good. Lacking a proper MVP / use cases / proven track record of success before launching the ICO is risky.
The team lacks any core developers from the ones working on the technologies they claim to integrate... this is odd, even the list of advisors lacks known names in the field. How are they going to integrate so many different systems without core level expertise?

+1Agree
+1
Disagree
Report
VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on May 31, 2018
Modified on May 31, 2018
5
5
4
3%

strong team, promising project, hopefully they can deliver.

layer 2 or middle layer protocols could be the solution to help enterprise mass adoption. Good vision, like the use of hyperledger, token metrics make sense.

Good luck with one! will be keeping an eye on progress

Agree
0
Disagree
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Rafael Deramas
Marketing Expert
Rated on Feb 9, 2018
5
5
5
2%
This rating's weight is reduced by 50% as there is no review added.
Anurag Rathore
Ico Advisor
Rated on Feb 9, 2018
5
5
5
3%

I am really excited about this one. )

+2Agree
+2
Disagree
Report
Benjamin Randall
Blockchain Advisor
Rated on Feb 26, 2018
5
4
5
3%

I like the team resumes and the concept is interesting. I will be watching this one.

Agree
0
Disagree
Report
Petar Savic
Entrepreneur and SuperConnector
Rated on Feb 10, 2018
5
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Ahmad Younis
Tech Executive, Advisor and Consultant
Rated on Feb 12, 2018
5
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Ovidiu Oancea
Ovidiu Oancea
Rated on Feb 11, 2018
5
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Vladimir Dyakov
Business development expert & CEO @ AB-CHAIN
Rated on Feb 15, 2018
4
4
3
2%

Advisors look strong, but the product seems like a general concept. I do not like as far as a concept should have something behind it

+1Agree
+1
Disagree
Report
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Feb 9, 2018
5
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Alexander Popescu
An ISO 9001:2008 Certified Digital Agency
Rated on Feb 18, 2018
5
4
4
2%

Biggest plus of the project is it's team, which has high chances to deliver on their promises. The product doesn't look much innovative, but there are a few unique things which if implemented successfully by the team, can end up big. I had a hard time deciding between a 3 and a 4 for the product :)

+3Agree
+3
Disagree
Report
André Siegert
ICO and Business Advisor - Token Economics, Financial Evaluation and Business Strategy
Rated on Feb 13, 2018
5
5
5
2%

Given the origin of blockchain and bitcoin it is a sort of logical extension. Very interesting project and strong team.

+3Agree
+3
Disagree
Report
Reinhard Berger
CEO Pecunio Blockchain Technologies
Rated on Feb 21, 2018
4
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Floyd DCosta
Management Consultant - Blockchain Technology | Co-founder @BlockArmour, @BlockchainWorx | Advisor, Chief Blockchain Officer @GBX
Rated on May 31, 2018
5
5
5
1%

Excellent concept, well researched with use cases that address some of the key pain points of the e-commerce industry effectively solving them using DLT.

The use of Hyperledger for ecosystem development is a good choice.

Well rounded crew with a credible core team and advisors.

Agree
0
Disagree
Report
Benchy
ICO analyzer bot
3.9
14%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Chris Painter
Passed
Robert Belgrave
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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