Natee - ICO Review

The world today looks a lot different from the one from 20 years ago. With the technological evolution speeding up, we now have countless devices that give us access to the internet at all times. Thanks to these devices, we always have something to do, and helpful tools for going through our everyday lives.

Thanks to online maps, you can never get lost. Thanks to online streaming services like Netflix, you are never bored. Fitness apps let us track our progress when exercising, and you can pretty much learn anything from YouTube tutorials. However, this was not enough, so we also invented the Internet of Things — thus adding internet access to countless other devices.

Now, there are people out there with entire smart homes, who have internet access on their refrigerator, air conditioner, and many other devices. However, while these devices have a lot in common — one thing stands out as useful for the entire community, and not just their owners — the devices' computing power.

A lot of it is heavily underutilized, and it includes everything, from smartphones and smartwatches to the entire IoT sector. This is something that the project known as Natee wants to make use of.

About Natee

Natee has the ability to merge computers, their processors, and various other resources and share them from a widely distributed global location. It aims to harness the substantial portions of the unused power from up to 8 billion mobile devices worldwide. Further, it aims to do it in an optimized and coordinated way.

To do this, the project plans to launch a workload management system that would maximize the efficient use of the devices whose power is not utilized to its full extent. Simply put, Natee aims to provide an app that users can download on their devices. While active, the app will harness the power of the mobile and other devices that are sitting idle, unused. Their potential and computing power are being wasted while the devices are sitting on standby, when they could be providing the computing power that is one of the most important resources of modern-day.

The problem is that this same computing power is also one of the most untradeable resources, since it is scattered around the entire world, and dedicated to personal phones, laptops, desktops, and more. With the power of blockchain technology, Natee has found a way to harness this power from unused devices, and allow their owners to earn while renting their phones' and computers' unused power and memory. All it lacks right now is its own token that would allow it to launch its business in full.

Natee ICO details

As mentioned, Natee needs a native cryptocurrency that would allow the project to properly function, which is why it launched its own ICO. The ICO started on July 30th of this year, and it will end on September 28th, which leaves interested investors with around 18 days to study this project and participate in it.

There is not a lot of information known about the ICO, unfortunately. What is known is that its token will also be known as NATEE and that it is a utility token developed on Ethereum's network. This makes it another ERC-20 token, which can be purchased in exchange for a handful of cryptocurrencies.

Those include Bitcoin, Ethereum, EOS, and Stellar. It is also known that the project is offering 60 million tokens and that it was based in Singapore, but that is pretty much it.

Author: Ali Raza for

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StartJuly 30, 2019
EndSeptember 28, 2019

The project has a decently-sized, diverse team, and just as many advisors. Unfortunately, the lack of information about it does raise quite a few red flags, and those might be a deal-breaker for a lot of investors. Still, the project's vision does seem interesting, as it allows participants to earn a passive income while renting their computing power and memory, which truly are very important resources in today's world.

humancreature   September 10, 2019  

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