The cryptocurrency industry continues to advance rapidly, and while it may not look like it, some of the major issues are being addressed right now. The Lightning Network development progresses, more and more institutions are getting interested in the sector, the prices are rising once more, and several major economies around the world are working on bringing regulations.
Major companies are developing their own coins, including Telegram, Facebook, and alike. Microsoft itself stands behind crypto, directly supporting Bakkt. Only a year ago, proper DEXes were still non-existent, only existing as ideas, plans, and concepts. These days, there are plenty of them to choose from, and the world is moving towards adoption at a rapid pace.
Of course, there is always room for improvement when it comes to technology, and there are many projects that aim to perfect current tech. Their goal is to make things even easier for traders, investors, developers, and other participants in the crypto and blockchain industries. Simplified, these technologies stand better odds at attracting a greater number of users, and bringing crypto to the mainstream. Token exchange is one of the areas that still need improvement, which is what a project known as Herdius is working on.
Herdius is a project that aims to create a highly-performant decentralized financial platform. The project is using all the most innovative solutions when it comes to distributed systems design. Herdius' goal is to become the next-gen infrastructure for the entire crypto ecosystem.
It also aims to be fully distributed, as secure as possible, and highly-performant, as mentioned. Their DEX will allow trading of pretty much all digital assets, no matter on which blockchain they were originally developed, or which one they currently use. The exchange also promises superior liquidity, and top user experience.
Same as other DEXes, there will be no middlemen and single points of failure. Users will be responsible for their own keys, which is a much more secure way to engage crypto trading than through centralized solutions. Furthermore, the exchange will make the user experience very enjoyable, simple, and easy to understand even by novices, with transactions being lightning-fast and extremely cheap. Also, like many other such platforms, Herdius also plans to launch its own native cryptocurrency which will power the platform and also likely bring additional benefits to those who hold it and use it within the exchange.
So far, there is not a lot of information known about Herdius ICO, or about the token itself. It is known that its ticker will be HER, and that this is a utility token, developed on Ethereum's network. As such, it will be an ERC-20 token, which might migrate to Herdius' own network, when and if the project ever launches it.
As usual for this type of tokens, users will be able to purchase it in exchange for ETH. So far, this is the only cryptocurrency that the team has listed, and it is unknown whether or not they plan to add additional ones.
The soft cap for the token sale will be 5 million EUR, while the hard cap sits at 30 million EUR. The project is registered in Germany, but other than that, nothing else is known at this time. The time and date of the ICO are currently lacking, and so is the list of restricted areas, provided that there will be any. Even the token's price is not yet revealed, so interested investors should be on the lookout for additional information.
|Start||July 1, 2019|
|End||September 30, 2019|
|42 days left|
Herdius, actually, is trying to address an problem whose solution is of considerable significance to the entire blockchain industry. The scarcity of functional mechanisms for cross-blockchain transaction makes the blockchain world develop mostly parallelly, but not cooperatively, as it actually should. The capability of operating across multiple blockchains will open the way for new opportunities in this space. Therefore, I think that Herduis deserves your attention.
Apparently, two key members of Herdius have failed KYC on multiple platforms and did even bother to try and fix this problem. That speaks volumes about the project's credibility or the total lack of it. They did present the code of the Herdius protocol on GitHub, though I didn’t have time to study it yet, will get to that later. The overall concept is far from being unique, so I am sure that there are plenty of startups out there with similar ideas, but much stronger teams.
Cross-chain transaction is a popular trend among the emerging crypto startups, so Herdius tries to occupy the right niche. However, their team roster is really not that impressive. The founder Balazs Deme doesn’t have any particular experience in building and managing a blockchain project. Basically, he is just a guy fresh out of uni who wants to try his luck in the crypto business. At least that’s how I see the situation. The rest of the team also doesn’t contain any names that bear significance in the crypto space. Therefore, I highly doubt that they would be able to attain the identified targets.
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