Skrumble Network (SKM) ICO Review & Analysis – Skrumble ICO Review

Skrumble Network

Secure Communication-Centric Blockchain

ERC20 Token

Skrumble Network is a completely new, innovative blockchain and application that centers on creating the most secure connections for communication possible. The Skrumble Network blockchain and application will allow users to perform communication and financial transactions more securely and build their own application using the network.

Skrumble Network will change the use of blockchain technology from primarily financial transactions, and ensure there’s a solution to establish secure, quick communication connections.

Decentralized, impenetrable network to safeguard user data and ensure content privacy.
A unique consensus-based algorithm, ensures access to every conversation is different.
Using Skrumble Network’s decentralized protocols, ensure users have exclusive access to their shared data.

“Launched in 2014, Skrumble Technologies Inc has become a well-established cloud communication company in the industry. With over 30 filed global patents, Skrumble leverages exclusive technology to build trusted solutions for Fortune 500 companies, IT consulting firms, call centers, professional services, police forces, security companies, governments, remote business, developers, and more. Over 400,000 users have leveraged Skrumble’s various technology and communication solutions. It is Skrumble’s mission to innovate methods of communication and create opportunities for people to connect globally on the most secure platforms possible.”

Exchanges

Positives

Starting with the Company Itself, Skrumble Technologies Looks like It’s Been Around for Quite Some Time. Launching in 2014, They’ve Already Got 30 Filed Patents to Their Name with the Technology Helping Various Fortune 500 Companies Including IT Consulting Firms, Call Centers, Police Forces, Security Organisations, Governments and More. According to Skrumble, over 400,000 Users Have Taken Advantage of Their Technology. Great to See a Company with a Long History of Operation Prior to Joining the Cryptocurrency Scene.
Beautiful Website. Investors Have a Wide Range of Resources to Research. Extensive Documentation Including a Full Whitepaper Available in 6 Languages, a Token Distribution Document And an Executive Summary Are All Available. Skrumble Networks Website Features an Explainer Video for Investors Who Are Time Poor or Find Whitepapers Overwhelming. Very Clean Presentation Overall.
Skrumble Networks Roadmap Looks Really Good. They Offer a Shortened Version of It on Their Website but They Also Link to a More In-depth Version. We Can’t See Any Previous Milestones but Skrumble Makes up for That with a Very Exciting Set of Milestones for the Future. With Their Android Beta App Already Released, They’ve Got Their iOS Beta App Coming on the 28th of May. Considering We Are Writing This Review on the 19th of May, 2018, Skrumble Are Definitely Moving at a Fast pace with Some Great Developments since Their ICO Not Too Long Ago. The Roadmap Extends into April of 2019 at This Point with a MainNet Scheduled for March 2019.
The “Encrypted Communications” Sector of Blockchain Projects Really Doesn’t Have a Clear Leader as of Yet. There Are Various Solutions Available That Offer Basic Messaging, but Skrumble Network Offers Developers the Opportunity to Build Skrumbles Secure Communication Layer into Their Own Applications, with Decentralized Applications Also Being Made Possible Once Skrumble Network Moves to Their Own MainNet. With Such a Wide Range of Use-cases, Developers Will Be a Huge Part of the Networks Growth.
Skrumble Has a Pretty Big Team Working Hard on the Platform. Skrumble Networks Website Shows 29 Active Team Members. Advisors Include Anthony Diiorio (CEO & Founder at Jaxx & Decentral, Founder at Ethereum) and Jinius Tu (CTO of Aion). Early Investors/Supporters Include Richard Wang (Partner, Draper Dragon Fund) and Eric Gu (Founder, Metaverse Foundation. Co-founder, Neo & Viewfin).

Concerns

Our Main Concern Here Is the Distribution of the SKM Token after ICO. ICO & Private Sale Participants Received only 26% of SKM Tokens. 30% Went to the Team, Investors, Advisors, Etc, While 29% Went to the “Foundation” Which According to the Token Distribution Document Is the “Foundation Team, Key Influencers, Some Community Contributors, Key Cooperative Institutions, and Other Community Contributors”. Even Though There Are Various Lockups in Place, There Are a Large Amount of SKM Tokens That Could Be Dumped into the Market Once These Lockups Have Expired. One Thing We Should Point out Is That 15% of SKM Tokens Went to “Community Building” Which Covers Marketing and Community Building. Great to See a Decent Amount of SKM Going Towards Building a Strong Community.
The Use-cases of the SKM Token Are Not Outlined on the Skrumble Network Website. If You Go into the Whitepaper, You’ll Find This Information on Page 26. The Use-cases of the SKM Token Look Solid, It’d Be Great to See This Outlined Somewhere on the Homepage so That Investors Can Better Research the SKM Token Model.
No Other Concerns Here. We Don’t Actually Have Any Direct Concerns for Skrumbles Business Model. Obviously the Usual Adoption, Awareness, Etc, Are All Still Relevant as with Any New Project, but Skrumble Are Experienced Enough That They Shouldn’t Have Any Issues Getting the Word Out. The Concerns We Have Are All Quite Minor.