Saturday, June 2, 2018

ADVISORY NETWORK

It is no news anymore that blockchain technology since its arrival has change so many things, for good if i should add. Crypto currencies are now being used widely by companies and businesses, investment is now being made on a rapid growing rate. Incoming Projects and innovation which has discover the benefits of blockchain technology are now using it to their advantage. one of these new innovation is ADVISORY NETWORK.
ADVISORY NETWORK project offers connection solutions between organizations and individuals that provide advisory services for end users through voice calls and video calls. It is a Blockchain Software as a Service (BSaaS) that provides a Business to Business to Consumer (B2B2C) model, benefiting end users the following;
=> Software solutions for service providers and end users.
=>The ease to find the right service provider, and know the service rate for each advisory minute before consultancy. Consultancy can be done by voice call or video call. 
=> Supply consultancy services to end users by service providers, they need to update their information about services, experience, advisors, and advisory rates per call minute

SYSTEM OVERVIEW

The main components of the project are divide into 3 parts;


  1. ADVISORY NETWORK MANAGEMENT PLATFOPRM: Backoffice system manages tenants (organizations, individuals who want to implement online advisory services), company profile and advisors as well as call costs.
  2. ADVISORY EXPERT: mobile/desktop app is for service advisors to receive and answer calls from end customers. 
  3. ADVISORY NETWORK HUB: The mobile/desktop app enables the end users to easily search for online advisory services, view company profile, individual advisor information and call rates per minute, and finally make a voice/video call to the advisor. 
PROBLEMS SOLVED BY ADVISORY NETWORK
the following are some of the benefits of advisory network;
  • Reduced cost and maximum profit which is the aim of any organisation
  • instant payment without intermediaries
  • Easy service implementation
  • Maneuverability
  • reliability

ETHEREUM PLATFORM USED AND ITS CONGESTION; DECENTRALIZED APPLICATIONS(dApps)

  • Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction based state transitions. In popular discourse, the term Ethereum is often used interchangeably with Ether to refer to the cryptocurrency that is generated on the Ethereum platform. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
REASON USED
  • To Build a separate blockchain system is quite easy, but in order the blockchain system to be stable, it takes a lot of time to test and fix errors if any. Thus, we decided to use Ethereum blockchain platform, Ethereum system that has proven stability and security in practice. Moreover, the difficulty of the Proof of Work (POW) algorithm and the Ethereum consensus algorithm helps solve the security problem well. 
ETHEREUM CONGESTION
  • Ethereum network is overloaded due to too large number of transactions sometimes, which results in delayed execution of Start Call method of Smart Contract. To overcome this issue, a Lighning Network protocol is used to enable transactions in the Ethereum network, thereby minimizing costs of transaction.
DECENTRALIZED APPLICATIONS(dApps)
With traditional applications, a server is used as a back end service for front end tiers, which can easily cause denial of service attacks, security attacks. In other words, this server unintentionally becomes a single point of failure of the system. Therefore, the Ethereum decentralized application is used to help resolve the above limitations. As a result, a back end service is deployed in the form of a smart contract running on ethereum nodes, which enables the service to run non-stoppable, prevent the denial of service attacks, and ensure the security at highest level. Implementing the back end in the form of dApp brings many benefits, but the storage and updating of data in dApp requires computation fee, which means that if the more data is stored and the more logic computation is done, the higher transaction fee is needed. Therefore, we propose a hybrid solution that combines the decentralized application and the centralized application, where:
  • Decentralized application provides minimal service while still ensuring the system can operate without a centralized application.
  • Centralized application provides extended services, supports system administration, and provides additional information. When Centralized application is down, the system can still work, but the extended information will not be accessible

ICO INFORMATION

TOKEN DETAILS
Total token suply=Max 900.000.000 ADN tokens
Soft Cap =4 Million USD
Hard Cap =13 Million USD
Token Standard= ERC20
Purchasing Methods= ETH, BTC


TOKEN ALLOCATION
The following diagram shows the token allocation: 



FUND ALLOCATION
The following diagram shows the fund allocation:


TOKEN LOCK
To ensure our commitment to the roadmap, all team tokens will be locked for 3 years. This is part of ensuring that the plan is properly implemented under the commitment. Note: Only the founder token is locked to ensure a commitment to build the product. The investor token is not locked. 
ICO TIMELINE
  • The accepted currency during the ICO is Ether and BTC
  • Soft is equivalent to a fixed on 4 Million USD.
  • If Hard Cap of each period is reached sooner, next period will be taken automatically.
  • If the Crowdsale campaign does not reach SoftCap, all funds will be returned automatically to the ADN holders by the Ethereum smart contract. 
ICO PRE-SALE


ICO PUBLICSALE




For more information, kindly visit

written by; @teepheh
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