ICO Review: Dimension Networks – Trading in all Dimensions

The success of this blockchain-based trading platform will depend on the funds it gathers.

The ICO rush is upon us, with dozens of new initiatives popping up every day. And while some ICOs will be the next big thing, some are doomed to fail from the get go – telling who’s who is no easy task. This article is a part of a series of reviews created by the Finance Magnates Intelligence Department as a public service.

Introduction

Dimensions Network offers a new way of looking at cryptocurrency trading platforms, supporting standard crypto pairs, options, futures contracts, and much more, according to the company. Strike Coin (STC) token holders will take part in the platform development, receiving 15% of the trading fees generated to their Ethereum address.

Time to buy the dip?

  • Category – Cryptocurrency trading platform
  • ICO Date – 18.11-18.12.2017
  • Total supply – 240 million Strike Coins (STCs) – 60% token sale, 20% business partnerships and advisors, 10% founders (2 year token lock up), 10% employee incentives
  • Maximum raise – 150,000 ETH (1 ETH : 800 STC)
  • Available payments – ETH
  • Founded – 2017
  • Blockchain platform – Ethereum
  • Regulation – China, Singapore and USA residents are restricted to take part in the token sale
  • Websitehttps://dimensions.network
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 Team

Stephen Mullens (CEO) – Corporate manager from the energy sector. Expert on corporate governance, risk management, research and remote operations. C, Java Script, Visual Basic, Python, PHP, SQL, HTML

Rin Chwe Me (Head of Operations) – Entrepreneur. Director of Snovits

Manu Datta (CTO) – Technologist, project manager and senior developer for major international banks including Standard Chartered, Barclays, Morgan Stanley, CLSA and Lehman Brothers

Technology and features

Dimensions Network wants to implement three separate phases of development. The first one is building a centralized platform for crypto derivatives and generating revenue. The second phase is to utilize decentralized networks to replicate the original platform, increasing the level of transparency and security. During the last phase, company wants to introduce a real time transactional currency.

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The final product, in the form of a hybrid platform connecting centralized and decentralized solutions, is going to fight current technological problems concerning the speed of executed trades, limited blockchain capacity and lack of liquidity.

To fund this project Dimensions Network is preparing to issue the Strike Coin (STC) token. Firstly it will be used to distribute rewards to token holders. 15% of the trading fees generated by the trading platform will be shared as a reward with investors. The tokens will become tradeable 3 weeks after the completion of the ICO, with planned initial listing on four exchanges – Etherdelta, Liqui, Bittrex and Binance.

Review

Dimensions Network assumes that STC will gain popularity thanks to the reward system. According to the projections made within the whitepaper, yearly bounties should oscillate between $8.21 and $10.95 million by the end of June 2020 and between $27.72 and $87.60 million within the next 5 years. The projections however assume that after the first 12 months of operations, daily trading volume will exceed $100 million, putting the platform in the top 10 of crypto exchanges.

However, the competitive space may look overcrowded, and the company identifies just two other entities having similar offering. It is currently in the early stages of development and is focusing on decentralized trading solutions only. Until the full launch of the Dimensions Network platform, which is scheduled for the end of 2018, the competitive environment may change dramatically.

Verdict

Although the cryptocurrency trading platform project is just getting started, the idea of a hybrid solution seems very interesting. The ultimate success will of course depend on the funds collected during the ICO, and so far Dimensions Network’s social channels do not suggest high levels of investor interest.

  • Team – 3/5
  • Legal – 4/5
  • White paper – 4.5/5
  • Partners – 3/5
  • Financial Model – 4/5
  • Overall – 3.7

On the other hand, if the optimistic financial projections of the STC proves to be successful, then the token holders will be able to benefit from an attractive commission program, which in turn should translate into increased popularity of the new crypto asset.

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