Chromapolis

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Blockchain for Dapps. Chromapolis is designed for a new generation of safe Dapps, which are easy to design, apply and scale. Decentralized applications have a large potential for introducing new models for exchange of informatio. This potential is not completely realized according to existing technologies. We need a new approach, making the strong ideas of Daaps real. The company is under Estonian jurisdiction.

Dates:

TBA

Metrics:

Hard Cap: TBA

How many % are sold: Total circulation is 1 billion Chroma. 15% of tokens are sold in 3 parties:

The 1st party – with 35% discount;

The 2nd party – with 30% discount;

The 3rd party – with 25% discount.

Token distribution: 10% for the team, including the advisers. Tokens are initially frozen; their distribution is carried out partially.

40% tokens are reserved by ChromaWay.

No more than 10% will be sold every year at a higher price or basic price.

2% are assigned for the compensation fund of the main knot.

30% are reserved for marketing and advertising (not more than 10% per year).

Social metrics:

Stealth mode, nothing.

Team:

Some information for getting to know these people:

Alex Mizrahi created this project in 2012. Or Perelman and Henrik Hjelte joined him, and together they founded the ChromaWay for the “colored coins” designing and learning of their commercial potential.

The “colored coins” term freely describes the type of real asset management over the Bitcoin blockchain (you can get more details from this article: https://en.bitcoin.it/wiki/Colored_Coins).

In 2014 the ChromaWay started to create real applications with “colored coins”, which led to creation of a first relational blockchain in the world. (You can get more information about the relational base and data model from this article: https://);

This idea was improved in the blockchain with power and flexibility of the relational database in 2016. Open and public realization of the same concept is called Chromapolis. It takes this relational blockchain and adds the consensus protocol and innovation possibilities for designers.

More information about each member of the team:

Henrik Hjelte. At the end of 1980s he studied an object-oriented programming Turbo Pascal and BTrieve. At the end of 1990s he was a manager: he studied the market and public opinion (he also studied sells, investigation design and project management). In 2000s he studied Consulting in IT and financial area. He studied financial risks and development in C++, Visual Basic, Database, Python. He worked at a huge amount of projects for large banks and the national debt bureau. He worked with Danish search engine. Since 2008 he has been working with various start-ups (including his own), he worked with programming and design. In 2013 he went into blockchains and bitcoin. He is a founder in ChromaWay since 2014. He has 329 followers in Twitter.

Alex Mizrahi.

At the beginning of the 2000s, he worked with web-projects (chat, forum, university website). Then he started to work with more complicated software (sliders). He designed software for desktop backup on C++. He made a prototype of mobile software for backup for Symbian. In 2006 he designed automatic software based on machine learning. Since 2012 he has been investigating and designing the “colored coins” software. Since 2013 he is a founder in ChromaWay. (Design of ChromaWallet, ChromaNode, blockchainjs, coloredcoinlib, cc-wallet-engine). He has 930 followers in Twitter.

Or Perelman.

In 2007 he worked in Israel. He worked with marketing and sells. Since 2011 he has been working in SafeBit Bitcoin (co-founder, marketing, PR, COO, business development). Since 2013 he has been working in BitBlue (cryptocurrency). He worked on queuing theory. He co-founded Colored Coins in 2012. Since 2013 he has been working as a Chief Operational Officer (COO) in Chroma Way. He has 1423 followers in Twitter.

Advisors Chromapolis:

Yiseul Cho.

Venture partner of FBG, co-founder of HASHED. He is a first blockchain-engineer in HSBC, co-founder and ex-partner of Blockchain Partners Korea. He is the biggest cryptographic hedge in the South Korea.

Asse Sagua.

Leader of Estonian blockchain. Cryptocurrency and blockchain expert, leader, coach and investor. He wrote the book “Everything started from Bitcoin”.

Guy Corem – Daglabs.

He is a software designer. He worked as an engineer in Voltaire, Broadcom and Intel. He is a President of DAGlabs (scientific and investigation company, specialized on DAG protocols).

Danny Yag – Blockseer CEO.

Blockseer is a blockchain analytics company, which specializes on data analysis and Anti Money Laundering (AML) for cryptocurrency.

Advisory board of the chief ChromaWay.

Charlie Lee – Litecoin.
He is a creator of Litecoin (the third of the biggest criptocurrency). Earlier he worked at Coinbase.

Vinny Lingham – Civic.
He is a co-founder and CEO of Gyft (a company of mobile gift certificates – now is sold to First Data). Vinny is currently working at his Civic.

Rain Löhmus – AS LHV Capital.
He is a serial entrepreneur and a co-founder of two banks. He is an investment manager and board member at AS LHV.

Correy Voo – Open Data Center Alliance.
He was a technical officer in UBS, a president and chairman in Open Data Center Alliance. He was also a global manager of business and strategy in the Bank of America.

Prof. Ryan Orr – Chronicled.
He is a Canadian-American entrepreneur and investor. He is a co-founder and CEO of Chronicled.

Richard Brown – R3CEV. 
He is a CTO for R3CEV (a company, working with banks to find new ways of blockchain use).

Brad Peery.
He has 48 years of experience in electrical engineering, portfolio management, entrepreneurship and VC Investment.

Partners/ investors:

Probably FBG and HASHED (Yiseul Cho)

Technologies and idea

WP:

PROBLEM:

The platforms (such as Ethereum) allow to create any possible application in theory, but practically they have some limits:

- non-friendly interface;

- high commissions;

- disappointment of designers;

- low safety.

These problems do not allow the Dapps to become a real mainstream. Chromapolis is intended for removal of disadvantages of the existing platforms and for creation of a new generation of Dapps (regarding the ones that are possible at the moment).

SOLVING:

Chromapolis:

-Allows Dapps to be scaled to millions of users.

- Brings the experience of use and development of Dapp to the level of joined centralized applications:

For users: there is no payment for each connection, no waiting

For designers: powerful tools and well-known processes for productive creation of safe applications

We think that relational logic can solve these problems. Chromapolis, as a unique among the blockchains, uses a relational model, where data and application of blockchain are saved in relational database. The integral relational database males Chromapolis a fully decentralized design platform. This means that it includes all layers, required to create full applications.

You can read more about this concept of relational database here:

Link No.1

Link No.2

As far as I understand, this model is “ancient” and came from the 1970s.

They give a detailed example of request on this model, which is 7 times slower than the request on SQL (according to the text amount). However, this doesn’t mean it is7 times faster. The examining of this feature requires deep technical diligence.

CLIENT

Flexible realization, provided by easy decentralization rules.

STORAGE PLACE

Relational model with powerful indexing and ad-hoc requests.

APPLICATIONS

It supports complex operations and limits. A safe and easy language for authoring the safe and powerful applications.

FEATURES

-Decentralization:

the similar level of openness, seamlessness and decentralization as in other public blockchains.

- Horizontal scaling: each Dapp receives its own slidechain.

-Hybrid consensus (PBFT/Staking/Anchoring): transactions may be approved in several seconds. Each Dapp has its own slidechain. Dapp works on the node subset and does the Anchoring using the main chain, while the main chain does the Anchoring on the bitcoin and/or etherium. This is what I liked: it seems to be logical and allows a small network with PBFT-Stacking consensus to receive the additional objectification due to sending to the largest public networks. As a technology, Anchoring becomes a mainstream now.

-Specialized Rell language – safe and easy-to-use interpreted language, designed for Chromapolis, which is 7 times more compact than the pure SQL.

-Complex requests and input-output operations: absence of efficiency worsening.

-Innovation structure of awards: without transaction payments; Dapp designers are free to create new economic models.

THE FIRST CASE: GAMES

Chromapolis can place whole game worlds in blockchain. It can control their evolution according to the given rules, and no one can cheat in them. Even the simplest games are a great problem for existing decentralized platforms.

THE MODEL OF USE OF Chroma TOKEN

-Holders of nodes need Chroma tokens as a stake

-Stake is locked, which limits the token conversion.

-Dapps need Chroma tokens for node work payment

-Tokens may be returned from stake for increasing the liquidity on internal Dapp exchange.

Quick roadmap.

- Testnet in September 2018;

- MVP and TGE in October 2018;

- a range of intermediate stages; release is every 2 months

-July 2019: completed and ready platform with all tools and layers.

Additions/conclusions/opinions

Strong team: famous advisers, potential funds. We only have to understand the metrics. Hypothetic groundwork for HIGH.

It is a good WP – all difficulties are explained easily and in detail. The metrics seem to be long-designed. The Estonian jurisdiction confuses me. The sail of tokens needs MVP. May be from Medium to High with liable cap and funds.