The first professional digital rating agency DigRate has assigned 4.8 points out of 7.0 to the Atonomi project.
Atonomi is a project that develops a security protocol and related components to protect IoT (Internet of Things) platforms and integrated devices. The project developers strive to organize the most convenient and safe internal management structure of IoT devices for performing financial transactions and data exchange. Atonomi developers plan to implement a security protocol into the healthcare industry, the smart homes development and urban infrastructure projects.
Atonomi is developed by CENTRI founded in 2010 and known for its developments in the field of IoT security technologies. CENTRI has 10 patented technologies that will be used in Atonomi. Three of the 5 founders of the project occupy management positions in CENTRI, the other two managers are experienced experts in the blockchain field. Information about other team members is not disclosed publicly, but it is claimed that they are also CENTRI employees. The project has succeeded in attracting experienced advisors, however, no public confirmation of cooperation by the advisers was found.
There is information on the final stage of development of the alpha version of MVP with full functionality, but there is no public access to this prototype. The CEO of the project announced on April 7 that the finished product will be available in May 2018. The smart contract code for the ICO and the source code of the platform are not published on GitHub.
The economics of the ATMI token and other aspects of the ICO are worked out superficially. The team states that ATMI is the only a means of payment within the platform and describes the token features. The measures taken to reduce the risks of investors are not described. There is no basic information about the ICO, including the base price of the token, the volume of the released tokens, and whether this release is the only one, the hard cap and the soft cap, etc. The team also did not provide the results of the Howey Test passage.
In general, the Atonomi project deserves attention as it solves the urgent problem of the modern IoT market - to ensure the security of devices working on the Internet. But the project is at an early stage of ICO preparation and it is alarming that there are no roadmap, token economy, legal risks ICO, and the question of network scalability are not disclosed. However, the project team maintains constant communication with the community and informs about all the project progress. Release of the finished product with full functionality is planned before the ICO start, that is, investors will be given the opportunity to assess the uniqueness and capabilities of the product before purchasing ATMI tokens. There is a high probability that the project will be completed and successfully operated taking into account the experience of the project founders, the CENTRI opportunities and the availability of patented tech solutions. DigRate will closely monitor the implementation of the Atonomi project.