ICO Analysis

I present you the analysis of this project. Thanks to Daniel Won for his help - hacked.com.

Team

COO Andy Prakash: Prakash has worked at Certis Group.
Jan Leow: Leow was a senior business development executive at Voyager Innovations.

Advisors:
Michael Ang: Ang has worked as a regional director at Xirrus and as the vice president of enterprise networking at Alcatel Asia Pacific.
Shane Chiang: Chiang is the head of marketing of HMD GlobalTs APAC division. He previously has worked at honestbee and HTC.
Ong Jun Hao: Hao is a consultant at ConsenSys and advisor at Kinguin.
Benjamin Mah: Mah is the director of digital transformation at Oracle. Previously he has worked at IBM and CA Technologies.
Nizam Ismail: Ismail is the head of compliance at Morgan Stanley Southeast Asia. Previously he has worked at Lehman Brothers, Citi and Monetary Authority of Singapore.

Risks

> Very niche project, implying that there will likely be a very small audience to use the platform and low demand for ATH tokens. (-1)
> A hard cap of $60,000,000 for such a project seems way too high. (-2)

Growth Potential

> Multi-signature wallets are used as an escrow service. Prior to starting a bug bounty campaign, the organization sends ATH tokens to a multi-sig wallet which the AntiHACK team and the organization the have private keys of. Both keys are required to have access to stored funds, so it is not possible for the organization to refuse to pay the promised bounty after the campaign starts. This is actually a quite smart use of multi-sig wallets. (+3)
> The team consists of many white hat hackers. (+2)

Evaluation of AntiHACK 4/10

As more and more businesses move online, cybersecurity becomes a more important issue. Small businesses such as souvenir shops might not suffer that much due to cybersecurity vulnerabilities, but this hardly is the same with big corporations as even a very small and hard to detect vulnerability can be very costly. To test their systems, these organizations usually run bug bounty campaigns to get the help of white hat hackers. Still, it is hard for these organizations to connect with white hat hackers, which AntiHACK aims to address. However, the project will likely appeal to a niche audience, implying a low demand for ATH tokens. Also, the hard cap of $60 million is very high. Multi-sig wallets are used for escrow services in a quite smart and impressive way, solving an important problem of the current bug bounty market. The ICO investor should also note that the team consists of many white hat hackers.

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