Essentia (ESS) ICO Review & Analysis – Essentia ICO Review

Essentia

The Next Generation Layer of Interoperability and Data

ERC20 Token

Essentia is a masternoded multi-chained set of protocols connecting centralized and decentralized resources to create new powerful interactions and experiences.

Essentia is a modular decentralised interoperability and data management framework. Although it may sound complicated, it’s composed of two main components: Essences and Synergies

In Essences, entities own their data, interlinking them across multiple services. They can be of individuals, companies, groups or organisations, effectively creating decentralised internet users, making interoperability between them also possible by subIDs, permissions and self-triggering, information related, smart contracts.
Synergies are the connective tissue of operations. They link different platforms, resources and modules together for them to be able to interoperate.
Developers can build on top of them and users can pay for leaner, more powerful and efficient applications on the Essentia framework that run across all the best technologies around the globe, opposed to a single one.

“Your data. Your property. Take the power back and regain control of your digital identity and freedom. One secure seed. Countless applications. Essentia is the key that unlocks your decentralized web experience.”

Positives

The Essentia Team Is Quite Possibly One of the Best Teams We’ve Seen in an ICO in 2018. The Project Lead, Matteo Gianpietro Zago, Has Worked with Fortune 500 Companies Such as Uber, Alphabet, Facebook, Tencent and More. The Advisory Board Boasts Experience with Companies Such as Motorola and Projects Such as Quantstamp and ICON. Essentia’s Website Shows a Team of 29 Members Which Is a Great Amount for a New Project or ICO.
Beautiful Website. Super Easy Research for Investors Who Are Technically Savvy. Extensive Documentation Including a Full Whitepaper, a Token Utility Document and a Foundation & Business Plan. Great Graphics. Well Structured and Presented.
Essentia Is Putting Data Back in the Hands of the People. We’ve Seen Plenty of Projects Look to Do the Same Thing, but Essentia Already Has Integration with Projects like Gnosis, Ethereum, Status, Aragon, Kyber and Many More. Dapps Across These Platforms Can Take Advantage of Essentias Technology with Complete Interoperability. This Puts Essentia Way Ahead of the Rest, Even Before Their ICO.
Github Progress Shows Initial Commits Dated over 2 Years Ago with Consistent Commits Being Made Today. With over 1,000 Commits from 3 Contributors at the Time of Writing (May 13th, 2018), Its Clear to See That the Team Don’t Need ICO Funding to Get Started. They’ve Been Hard at Work for a While Now.
Competitors Are Going to Find It Hard to Compete Quickly. Essentia Is Creating a Platform That Is Not Easily Copied Due to the Extent of the Features They Are Developing. This Isn’t a Copy/Paste Project with a Single Function.

Concerns

Investors Should Understand That Essentia Is Creating an Incredibly Complex Platform Made to Make Things as Simple as Possible for the End User. Due to the Complexity of the Platform, Regular People Who Aren’t Necessarily Tech Savvy Will Find It Very Hard to Understand the Majority of the Whitepaper. This Isn’t a Concern for Essentia as a Platform but Something Investors Need to Understand Going Forward. The Website Does Offer A Simplified Explanation For Those Who Don’t Understand The Whitepaper.
Although Essentia Boasts Around 17,000 Twitter Followers at the Time of Writing (May 13th, 2018) and Has All the Major Social Media Channels Linked up, They Haven’t Really Made Any Noise Leading up to the ICO. We Only Found out about the Project Due to Various ICO Calendar Sources. It’d Be Great to See Essentia Put More into Their Marketing, Especially with Their ICO so Close.
No Other Concerns Here. Essentia Is One of the Strongest ICO’s We Have Seen This Year. Most of the Concerns We Have Are Minor at Best. We Will Update This Section If Anything Else Catches Our Attention.