Herdius Reviews for September 2023

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Do I think that Herdius has an interesting technical solution, especially the one that concerns the assembler node? Indeed, they do. But do I reckon that this startup will become the talk of the town? Definitely not. Let me explain. First of all, the overall presentation of Herdius looks like it has been concocted by some college undergraduate, not a professional web designer. I understand that appearance is not of the essence, and it's the product that really matters, but I failed to find an MVP anywhere.

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.

As mentioned, the project currently lacks quite a lot of information, which is not that encouraging, considering that the ICO was announced about a year ago. The project is interesting, and definitely something that the crypto space needs - more capable DEXes with advanced technology and low fees. It has a white paper and a relatively good team, but it lacks advisors. It might be that the project has been abandoned, or that it advances very slow, as the alternative. It is certainly worth keeping an eye on, although caution is always recommended.

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ICO Rating – Top Ongoing ICOs 2023

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#	ICO	Founded	Rate	Status	KYC	Category	Start	End
1	CNX Network	2022	4.943	Active		IoT	July 1, 2022	December 31, 2022
2	Wrapped Minima	2018	4.941	Active		Blockchain Infrastructure	February 14, 2023	February 28, 2023
3	EMCODEX	2021	4.94	Pre-sale		Commodities, Synthetic Assets	May 18, 2021	September 30, 2021
4	LetStudy	2020	4.935	Upcoming		Education	August 1, 2021	August 1, 2022
5	FUNA	2022	4.931	Active		AI	June 15, 2022	August 31, 2022
6	My Lotto Coin	2020	4.93	Pre-sale		Gaming, Lottery	April 1, 2021	June 30, 2021
7	Blockster (BXR)	2021	4.93	Upcoming		Media	May 31, 2021	October 12, 2021
8	BattleKnight	2021	4.927	Active		Game, NFT	February 5, 2022	November 30, 2022
9	Fanadise	2021	4.92	Pre-sale		NFT, marketing, staking, BSC	May 12, 2021	June 30, 2021
10	Recast1 Token	2021	4.91	Active		Trade, Stable Coin, Proof of Transfer and Stake	June 15, 2021	December 5, 2021