Wireline - ICO Review

The era of smartphones brought numerous new concepts, including a much greater focus on various applications. These days, if you go to an app store, there is an app for everything. From gaming to how to survive in the wild. From live wallpapers to financial service apps, and much more.

Apps have made our lives easier and interesting. We use them all the time — for accessing email, hanging out on social networks, and even reading, listening to music, watching shows, movies, video clips, and more. They can be educational, practical, or simply used for fun.

However, the system of acquiring apps is not perfect. They can be difficult to create, and once uploaded to the app store, they are stored on servers that remain vulnerable and limited in any way. At least, this was the case until blockchain technology was invented.

With blockchain's capacity to hold colossal amounts of data, many of the problems that trouble traditional services could be reduced, or even completely eliminated. Almost every idea or concept that we came up within the last few decades — or longer — can be improved and bettered through the use of blockchain technology.

In case of apps, specifically — one project that offered a very interesting solution is Wireline.

About Wireline

Wireline is a blockchain-based project that offers a solution when it comes to ways of developing and storing apps. In the project's own words: Imagine server apps which install in one click from the App Exchange. Now imagine the infinite scale, no servers to manage, no operating system, or excess capacity. This is what Wireline is — the end-to-end platform for the microservice cloud.

Wireline includes open-source protocols for decentralized credentials, identity, distributed data consistency, management of complex P2P networks, and more. It is the definitive package manager for the serverless cloud. Everyone, no matter if they are professional engineers or first-time developers, can easily write complex and sophisticated apps by leveraging the community wires.

In other words, there is less to configure and provision, which significantly simplifies the process of creating apps. Developers receive full visibility and total insight into the running wires. Not only that, but the integration is possible in only ten lines of code.

Wireline's network creates a new economy for service providers, developers, businesses, as well as the end-users. Of course, to successfully run its platform, Wireline needed its own native cryptocurrency, which it launched some time ago.

Wireline ICO details

As mentioned, Wireline ICO has already ended, and quite a while ago, at that. It took place in late 2017, starting on October 23rd, 2017, and ending on November 23rd, 2017.

Unfortunately, there is not much information known about this particular token sale. We know that it sold a token known as WRL, which is a utility token, developed on Ethereum's network. As such, it was an ERC-20 token, and the project accepted ETH in exchange for WRL.

It had 100,000,000 units for sale, with the price of each token being at $0,1. Unfortunately, it is unknown how much the project managed to raise during its month-long ICO. However, considering the fact that this was only a month before Bitcoin reached its all-time high when ICOs were extremely popular, it is likely that the project managed to raise quite a sum.

We also know that the ICO was registered in the US, but that is about it.

Author: Ali Raza for Crypto-Rating.com

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StartOctober 23, 2017
EndNovember 23, 2017

Wireline has an interesting vision, delivering an easy way of creating apps, as well as obtaining them. Its system is open and decentralized, and certainly more secure than traditional ones. With that said, it has an unverified team, and it doesn't seem like its coin had made it through the 2018 bear market, which is unfortunate, provided that the project was legitimate.

Jack   August 9, 2019  

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