I feel that the token value will likely reach $0.50 in the first 10 days of January. I wouldn’t hold it for much longer than that.
DeepBrain Chain (DBC) is an exciting project from Singapore based on the NEO blockchain which aims to provide a decentralized computing platform for AI projects. Even though AI projects are great, it costs a fortune to teach them. For example Google’s Alpha Go costs $3000 per run and it requires many many runs until it reaches the required level of operational readiness. DeepBrain Chain aims to solve this problem and provide a way to grow AI projects in an affordable way by utilizing the blockchain technology.
Not sure if you have noticed but most coin miners are literally converting electricity into heat and all the computational power is wasted on verifying hashes. DBC realized that all this GPU power should not go to waste and decided to provide it as a service, or as a commodity rather. If you are an AI company you can now buy GPU power, the same way you can buy rice. This is so exciting!
With all that being said it would still be super unwise to invest in a project based on the idea alone. Plenty of great ideas everywhere which fail due to weak execution. When it comes to making investment decisions I prioritize quality of execution over quality of idea. So are these guys worth your attention? Here are a few reasons why the answer is probably yes.
- The size. The project is aiming to raise $11,800,000 during the ICO which is an amount I definitely like. It has been statistically proven that the best projects are neither too small, nor too big. The ideal range is between $2m and $10m and since this is almost within this range I would say it fits the criteria for right project size. This is important because it indicates that the team isn’t looking to attract a ton of whale investors for pump’n’dump schemes.
- The team. Both the CEO and the CTO have PhDs in AI research, but that’s not all. Feng He (CEO) has experience with managing the research of another successful company Smart360 with 17 million users, while Chang Shu (CTO) is the director of the artificial intelligence laboratory of Shanghai and also led the AI team to win the first prize in the business community of the SMP2017 Chinese man-machine dialogue evaluation at Harbin Institute of Technology. However I found it funny that the founder of the project didn’t speak English.
- Roadmap. The roadmap looked a bit weird including (what seemed to me) a ton of unrelated history. Even though it’s a bit bloated, I didn’t see huge dark periods, so that’s a good sign.
- Disruptive. The idea is definitely disruptive. It’s disrupting the paradigm of mining itself.
The project isn’t perfect though, but if you are waiting for a perfect project you will never invest in anything. The hardcap is way too large (set at 10b tokens), the website isn’t that great either.
Final Verdict: The project isn’t perfect, but it is valuable. If fits almost all of my 6 golden rules for investing in tokens. I would say it’s a good idea to invest during the ICO and I feel that the token value will likely reach $0.50 in the first 10 days of January. I wouldn’t hold it for much longer than that.