OneLedger ICO Review

Summary
A Universal Blockchain Protocol Enabling Cross-ledger Access through Business Modularization

OneLedger is a gateway protocol that will let all types of business applications or individuals connect to different blockchains via sidechains. It will simplify adoption of an integration of blockchain technology for small businesses and larger enterprises. Those business applications will be able to create their own uniquely-identified network consensus on their both private and public blockchains.

After creating digital identity, users will also be able to use blockchain based business tools that are provided on the platform. Options to create digital wallets, credit systems and arbitration mechanism will all ease the process creating and maintaining of business solutions without extensive programming knowledge or additional costs in developing those applications.

One way of looking at the vision of OneLedger is ‘Plug and Play’ for all individual or business applications that want to use blockchain. OneLedger also plans to build a marketplace where you will be able to buy custom made modules ready to plug into OneLedger.

Website: https://oneledger.io/
Token symbol: OLT
Token type: ERC20 (Ethereum platform)
Whitepaper: https://oneledger.io/wp-content/uploads/2018/03/oneledger-whitepaper-03.12.18.pdf
Hard cap: 15,000,000 USD
Total Tokens Sold: 35,000,000 (35% of Total Supply)
Total possible tokens: 100M OLT
Crowdsale Token Price: $0.52

Token distribution
Softcap: 4 million USD
Hardcap: 15 million USD
Seed round: 1 million USD, (locked for 6 months with monthly release)
Private presale: 6 million USD
Public presale: 3 million USD
Public sale: 5 million USD

Crowdsale Date: May, 2018

Vesting terms
Community reserve: subject to various lock-up periods
Team reserve: locked for 24 months in smart contract with quarterly release
Advisors reserve: locked for 12 months in smart contract with monthly release
Company reserve: locked for 24 months in smart contract with monthly release starting from the seventh month
Marketing and Long-term partners: subject to various lock-up periods

Token distribution timeline
after Crowdsale (end of May)

Roadmap

Q3–Q4 2017
Final whitepaper
Theoretical Proof of Concept

Q1-Q2 2018
Launch Ethereum sidechain testnet
Synchronize Ethereum sidechain with OneLedger protocol engine
Implement and optimize cross-chain consensus
Add more public chain support
Launch MVP with crosschain consensus

Q3-Q4 2018
Enable Bitcoin sidechain to allow for cross-chain support
Complete decentralized cross-chain exchange protocol
Complete implementation of modularization tools and compilers
Implement OneLedger's Identity Management System and Smart Contract Authorization System
Launch API gateway
Launch Alpha version of the OneLedger platform

2019+
Release first version of the OneLedger platform
Integrate with more blockchain protocols
Expand business network

Product stage
Q1-Q2 2018
Launch Ethereum sidechain testnet
Synchronize Ethereum sidechain with OneLedger protocol engine
Implement and optimize cross-chain consensus
Add more public chain support
Launch MVP with crosschain consensus

Token usage
Users will have to pay a network fee to nodes if they want to use the Oneledger platform. They can get OLT tokens to pay the fee from running a node themselves or buying the tokens from other users.

Users can also spend OLT tokens in the marketplace for specific modules they might need that are made by the developers, this can be done on a one time fee basis or as a subscription based solution that will be coded in the smart contract.

At first OneLedger will allow anyone to run a node but after a period of time they could introduce a staking mechanism so they ensure commitment and quality of the network.

Users, businesses and developers can interact on the marketplace utilizing the token for communication and value sharing. Developers can submit their products on the ecosystem and stipulate their terms of sale only by paying the fees in OLT tokens.

OneLedger will give a development grant to the best developers and most qualified projects by leveraging the 25% of tokens reserved for the community.

Team

Overall, team looks experienced within their fields and have past business success and reference.

David Cao
Founder & CEO, OneLedger
Past:
Chairman, Canada China Blockchain Professional Association
Former Commerce Consultant at Xerox and IBM

Alex Todd
CTA, OneLedger
Past:
Founder and CEO, Trust 2 Pay
CTO, PRESTO (division of Metrolinx)
Founding Principal, Trust Enablement Inc. (Think tank)

Stephen Li
Lead Engineer, OneLedger
Past:
Consultant, Morgan Stanley
Senior Consultant, Deutsch Bank
Staff Software Engineer, IBM
SDE Lead(From Vanceinfo), Microsoft

Edwin Zhang
Managing Director, OneLedger
Past:
Agile Software Engineer, TribalScale
Salesforce Developer, LogiSense Corporation

Othalia Doe-Bruce
Public Relations Officer, OneLedger
Past:
Consultant: MBIA, Alliance Bernstein, BNP Paribas, Credit Suisse

Alex Lan
Engineer/Researcher, OneLedger
Past:
Data Engineer, MindGeek
Business Intelligence Engineer, Amazon

Lester Li
Development Engineer, OneLedger
Past:
Development Engineer, Nokia Siemens Networks

ADVISORS

Trevor Koverko
CEO, Polymath

Matthew Niemerg
Center of Excellence Postdoc in High Performance Computing, IBM
Postdoctoral Visiting Fellow, The Fields Institute For Research In Mathematical Sciences

Jor Law
Co-Founder, Verify Investor LLC
Founding Shareholder, Homeier Law PC

Opportunities
The hard cap of $15M. is relatively low considering OneLedger’s scope and product. Competitors with less qualified teams than OneLedger are aiming to raise at least double of what OneLedger is.

OneLedger looks like a promising ICO with a strong team that are capable of achieving the project’s vision.

OneLedger will also offer masternodes in the future which means the demand for the OLT tokens will only increase.
Comparison chart with other competition:

Concerns
There is a lot of competition out there, and it is very hard to become a consensus protocol

All of this requires a lot of good partnerships, will they achieve the network effect?

Conclusion
In conclusion, this is a great project and it has a lot of advantages over other platforms, but having the better platform or tech means naturally becoming the winner. This requires a lot of strong partnerships, however due to the low cap it seems like a very good investment that you can flip or hold due to their big advantages in comparison with other projects.

Flipping potential

For flipping, we’re very bullish, low hardcap means ideally a great opportunity to flip it.
Long term potential
the potential is very high, they can become an ICON or Wanchain project and do 15x in the long run or higher, these kind of protocols are necessary to develop in the cryptospace.