The global computing market is now a centralized market dominated by giants such as Google, Amazon, and BAT (Baidu, Alibaba and Tencent) in China. These companies almost master the global computing market, so they can manipulate the price of the market and make big profits. However, with the rapid development of the decentralized blockchain technology, people are thinking about using the unused volume of computing power in the personal computer to implement a few specific tasks. However, if you only use the computing power of a computer or for someone who is not very familiar with electronic calculations, then this is quite difficult. Therefore, RRChain - the distributed computing power platform based on blockchain technology was born with the purpose of concentrating the unused computing power of computers and performing computational services for users. The desired price is much cheaper than the current market.

1.What is RRChain?

RRChain is a distributed computing platform based on blockchain technology with the goal of making the most of the unused computing power of personal computers and other digital devices. The RRChain ecosystem will consist of three main users who are energy providers, service users and service developers.

- Suppliers: These can be individuals or organizations that provide unused computing power to RRChain in exchange for a certain amount of tokens.

- Demanders: These are people who will use the RRChain token to buy a certain amount of computing energy for personal use or use the services available on the RRChain platform.

- Developers: These are people who will apply computing energy to create services on RRChain and make a profit from it.

2.Operation

Computing Energy Distribution Mechanism: Through CCSP (Computing Supply-side Platform), RRChain computes the computing power of many different nodes such as personal computers or digital devices. When the CDSP (Demand-Side Computing Platform) receives the task, it splits the task into very small computing units and divides it into nodes through the RRMR system (Recycling Regeneration MapReduce – the diagram of computing energy distribution). Once the task is completed, it will be sent back to the RRMR for re-inspection and the node that has performed the task correctly will be rewarded with a certain amount of tokens.

3.Token sales:

Token: RRTokens

Released: 1.8 billion

In addition to the information above, the RRChain team has yet to announce any additional information about the token.

4.Media channels

Facebook (4 likes, 6 followers): https://www.facebook.com/RRChain/

Tweeter (19 followers): https://twitter.com/RRC_IO

Weibo (21 tracks): https://www.weibo.com/RRChain?is_hot=1

Github: https://github.com/RRNCIO

Since the project is still in its early stages of development, it is possible for the development team not to focus on marketing the project. The project does not have an official Telegram channel, although it is one of the main media channels of many other projects. On our social networking sites, RRChain updates news about the project quite much and frequently but the interaction is not good. It is likely that RRChain will have to focus on promoting the project to investors as well as the target users in order to expand the ecosystem and scale of the project's impact.

5.Roadmap

The latest roadmap of the project is just the development of the project in the second half of 2018. This is a pretty detailed roadmap that shows the team's development schedule in each of the months from June to December. This year, six public chain tests will run from July to October, including a public test for all users in October. In addition, two CLI and GUI wallets will be available in July and August. In the final month of the year, RRChain plans to release the official public chain.

Compared to other projects, RRChain's roadmap is quite detailed, helping the community capture and evaluate the progress of the project, comparing and checking to see if the dev team can accomplish the goals they have set or not. However, this roadmap has no long-term vision, only focuses on 2018 and does not provide much information to the community, such as ICO and mainnet information.

6.Development team

Liu Shuang (CEO): Having 14 years of experience in digital marketing in China, having worked in the Alibaba Group's product promotion department since 2008, having established a well-known advertising system in many fields such as diamond exhibitions, being CEO of Kuvera (advertising and e-commerce company)

Wang Qiang (CTO): senior engineer in charge of controlling equipment of Founder's Electronic Graphics Divisions, responsible for developing multi-platform control for Konica Minolta-related devices, having extensive experience in the encryption algorithm and security system, being CTO of a blockchain project (but no project is specified)

Wang Xin (CMO): Over 10 years of product design experience, the formerly marketing manager of Intercom and Youyi Interactive, the general manager of Behe Adtech (technology services and software)

Currently on the official website of the project, the development team has only 3 members, they may only name the heads of the main sections of the project or they are still in the process of recruiting members and building dev team. Profiles on the site have not had any links to github or linkedin of these members yet. When looking for the name of the key members on google, there is no link to check the information on the website too. Besides CTO has experience in cryptographic algorithms and ever joined in a blockchain project, the two remaining members of the team have no experience.

7.Advisory team

Shen Bo: Founder of Fenbushi (China's first venture capital firm investing in companies using Blockchain technology), co-founder of Invictus Innovations Incorporated (a founder group of the BitShares project). ).

Yuan Ye: CEO of Shuimu Tsinghua Alumni Foundation (Fund of Tsinghua ex-students), a member of the Expert Committee of "Internet +", having invested in dozens of startup companies in the financial and intellectual technology field.

Li Zongcheng: co-founder of Timestamp Fund (China Blockchain Fund), CFO of 8 BTC (a company providing basic data and information services to companies and blockchain investors)

Dai Jun: Senior engineer at Sina Weibo (China's social blogging platform), team leader in design and development of DSP (Digital Signal Processing), Behe Adtech CTO

Most of RRChain's advisors who come from the project funds are experienced in the field of ICO analysis and investment. There are also technical engineers from large projects who can offer useful advice to the project dev team to create better and more effective products.

8.Investment Fund

In May, four Chinese investment companies invested in the RRChain project, raising the total number of funds invested in the project to six, including Fenbushi Capital, 8 BTC, InnoAngel Fund and Genesis Capital. Among them, the most prominent fund is Fenbushi Capital, which is a major investment fund in China and has invested in many ICO projects such as Vechan, Siacoin and Factom. At present, co-founders or members of these funds are also part of the advisory team. However, until now, RRChain has not announced about the capital gained, but this is a good sign for this project in the eyes of other investors.

9.Summary

Advantages

Other ICO projects which have been operating in this area include Golem (~ 313.5ml USD), IExc RLC (~ $ 75ml) or SONM (~ 62ml USD) which are growing strongly, proving that this is a very potential market.

The project has attracted investment to six funds, including large funds such as Fenbushi, demonstrating the potential development and application of the project. This also attracts other investors and the community to this project.

Challenges

The project has no official Telegram channel, the hype from other communication channels is quite low, the coverage of the project on the ICO introduction page is not much, which shows that the project has not yet applied the method of communication effectively.

The project development team still has relatively few members, mainly key members of the various divisions. The new Dev team only has CTO information, moreover the information is unclear and unverified, maybe the project is hiding the profile of other dev team members but obviously this will have an impact. This is good news to the trust of investors and community to the project.

HYPE RISK ROI TERM ICONGENS’ SCORE LOW MEDIUM NOT RATE MEDIUM MEDIUM

Follow for the updates about the ICO and other ICO projects.

*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.

HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

RISK: the risk rate of the project. Based on this score, you can find more spam warnings of the project. More specifically, RISK is about the transparency of the project, its idea, members of the development team, roadmap and whitepaper. (RISK is rated regardless ROI rate of the project).

ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).

TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.

ICOGENS’ SCORE: this score can be decided by scores of four other scores or it will reflect the level of interest ICOGENS’ team has in the project. This score is separated from ROI score. It just shows how much Icogens core team concern the project.

You are reading [ICO REVIEW] What is RRChain? A revolutionary technology solutions for competitive governance from the section ARTICLES.

Source: icogens.com