BTC $ 38,308.28 -0.138315%
ETH $ 2,751.54 0.461085%
MARKET CAP $ 0%
ICOs 8,615

Layer Protocol

TBA
13,644 Views
The decentralized reputation protocol for the global sharing economy, built on the blockchain.

Even the bigger players in the sharing economy today have no way of knowing a new user's value before their first transaction. Bad actors moving from one service to the next one are a huge expense in the industry, and these costs get passed on to other users through increased fees.

There is currently no way of sharing user reputation data between asset sharing companies. Why would Airbnb even give away their user reputation data to competitors or let's say Uber? While more than 72% of the US population has used at least one sharing economy service, the number for Uber or Airbnb is less than 25%, meaning there is a vast amount of reputation data shared on all sides, and it can drive down operation costs significantly.

Layer Protocol aims to resolve the issue, and will first be adopted by Spin, a stationless e-scooter platform. Live in over 50 markets in the US with over 1M rides in less than a year. Layer Protocol will be Spin's base layer for reputation and rewards. Users will be rewarded when their reputation increases.
7.7
TOTAL SCORE
6.5
ICO PROFILE

(weight: 45%)

8
SOCIAL ACTIVITY

(weight: 35%)

10
TEAM PROOF

(weight: 20%)

Get widget
General
Website: Visit
White paper: Read
Dates: TBA
Whitelist/KYC: Whitelist + KYC
Country: Switzerland
Token info
Ticker: LRX
Platform: Ethereum
Token Type: ERC725
Available for sale: 400,000,000 LRX (40%)
Financial
ICO Price: 1 LRX = 0.0375 USD
Hard cap: 15,000,000 USD
August 15th 2018
Core


ERC-725 Compatibility: Finalize requirements and design of the identity protocol to make it compatible with ERC-725;

Tooling: Test environments, tools, integration, smart contract versioning, and establishment of deployment practices.


Layer Nodes


Benchmarks: Performance tests of potential Layer Node architectures to determine the best system design moving forward.
September 1st 2018
Core


Asset Provider Identity Interface: Smart contracts and unit tests for an asset providers to push an identity onto the blockchain.


Utilities


Asset Provider Python SDK: Wrappers around smart contract methods, including package manager support.


Layer Nodes


Datastore: Local temporary store when retrieving data from the network.
September 15th 2018
Core


User Claim of Identity: Interfaces and unit tests for users claiming an identity. This allows users to link multiple identification properties.


Utilities


SDK: Interfaces for the identity protocol.


Layer Nodes


Containerization: Package Layer Nodes in a Docker container for easy deployment.
October 1st 2018
Core


Identity Challenge on Claim: ERC 725 compatibility, and permissioned access to necessary public methods on contracts;

Reputation Data: Models / interfaces for reputation data by provider category.


Utilities


SDK: Reputation data model and methods.


Layer Nodes


Discovery: Ability for node discovery starting with a seed node, followed by other peer nodes.
October 15th
Core


Scoring Interface: Asset provider can score a user based on an identity hash.


Utilities


Identity Signing: Start backend to hold/serve/publish public keys for signing an identity, including private keys for verification.


Layer Nodes


Host Seed Node: Internal seed node to discover other Layer Nodes;

Peer Connectivity: Identify all Layer Nodes are active on the network at any given time. This will eventually be used for maintaining quality of service.
November 1 2018
Core


Provider Reputation Score (PRS): The ability for asset providers to retrieve PRS for users.


Utilities


Identity Signing: Complete.


Layer Nodes


Caching: Layer Nodes cache structure to optimize future computation of scores.
November 15th 2018
Core


Provider Reputation Score (PRS): Complete PRS, along with unit tests, and deploy to Testnet.


Utilities


Identity Signing Tool: To aid development, this tool helps developers sign user identities for use throughout the protocol.


Layer Nodes


PRS Computation: Layer Nodes compute PRS from transactions and provider category processing.
December 1 2018
Core


Provider Reputation Score (PRS): Optimize PRS read/writes for computation and storage utilization.


Utilities


SDK: Integrate remaining features to Layer SDK for asset providers and Layer Nodes.


Layer Nodes


Layer Reputation Scores (LRS): Begin computation algorithms.
December 15th
Core


Scoring Release: Release of scoring to the Testnet.


Utilities


Layer SDK: Unit tests, documentation and packages for Testnet release.


Layer Nodes


Layer Reputation Scores (LRS): Unit tests for LRS algorithms.
January 1st
Core


Identity Signer Update: Identity signers can contribute additional identifiers to user identities, and perform an “identity check”.


Utilities


Publish Second SDK: We will provide a complete SDK in another language.


Layer Nodes


Reputation Score Signing: Nodes have to sign computation results for them to be valid.
January 15th
Core


Layer Nodes Stake: Smart contracts to manage staking of Layer Nodes.


Utilities


Sample Application: Start demo application that based on developed SDKs.


Layer Nodes


Staking: Running a valid node will require a LRX stake to be put up;

Testing and Optimization: Continual optimization of Layer Nodes around performance, gas costs, and security.
February 1st 2018
Core


Identity Match API: The API matches two identities without user claim by trusted identity signer. This fixes the issue of unclaimed identities lacking data, or users repeatedly signing up to perform bad behavior.


Utilities


Sample Application: Complete, open source, and deploy a sample application for viewing data on Layer Protocol.


Layer Nodes


Testing and Optimization: Continual optimization of Layer Nodes around performance, gas costs, and security.
Screenshots taken on 12 Aug 2018
Euwyn Poon
Co-Founder
Takes part in this project only
Derrick Ko
Co-Founder
Takes part in this project only
Z Cheng
CTO & Co-founder
Takes part in this project only
Galen Danziger
External CTO
Participates in several projects
Patrick McLain
External DevOps
No participating data

Advisors (8)

Shayne Coplan
Founder & CEO of TokenUnion
Takes part in this project only
Michael Ma
General Partner at Liquid 2 Ventures
Takes part in this project only
Dmitry Grishin
Co-founder of Grishin Robotics, Mail.ru (DST), one of Russia's largest internet companies
No participating data
Josh Fraser
Co-founder of Origin Protocol
Takes part in this project only
Matthew Liu
Co-founder of Origin Protocol
Participates in several projects
Gee Chuang
Co-founder of Ink Protocol and Listia
Participates in several projects
Kenzi Wang
General Partner at AU21, a blockchain fund
Takes part in this project only
David Chen
Former Partner at Lightspeed
Takes part in this project only
HEIGHT - 0px
WIDTH - 0px
PUT THIS CODE TO YOUR WEBSITE
ICO List
Other Interesting ICOs
Upcoming
ASENIX TOKEN
A web3 platform that supports and invests in teams committed to developing swift innovative long-term solutions to ocean pollution. Earn rewards on every buy and sell transactions.
Active
Launchpad xyz
Join our crypto whales on Launchpad xyz and find the next 10x trade. Tired of waiting on presale promises or getting dumped on? Launchpad xyz will show you how we find multiple 10x return trades every month. Learn how to become a winner with us and together we will reveal the secrets of web3 crypto trading. Buy your NFT access card with $LPX tokens and join our VIP trading channels.
Upcoming
TradeLeaf
TradeLeaf seeks to become the leading digital trade financing platform operating on a global scale, shaping the future of trade finance market. TradeLeaf acts as a systems integrator, uniting numerous solutions and services under a single platform supported by a complex architecture and effective technical practices. Trade Leaf is a technology company driven by a team of traditional trade finance business leaders, blockchain visionaries, venture investors, and tech entrepreneurs cooperating to disrupt the conservative and bureaucratized trade finance industry. We create, integrate, and provide institutional-grade FinTech solutions and services for all trade finance industry participants. Our goal is to cover the trillion market gap supporting SMEs and MSMEs on emerging market.
Active
yPredict
yPredict.ai is an ecosystem of AI/ML experts, financial quants, traders, and investors. The range of products includes analytical tools & platforms designed to provide insights and analytics through state-of-art financial prediction methods and metrics built with alternate data to make wise trading and investment decisions. Financial markets including crypto tend to lose their predictability due to a significant volume of trades being executed through sophisticated algos which tend to evolve and improve themselves, this changes the dynamics of price structure formations constantly and thus making financial markets incredibly difficult to predict for humans including price action traders who specializes in understanding and predicting market moves through price structure formations. With these complexities in financial markets, traders and an investor are left with extreme noise and no statistical edge. As the majority of market participants rely solely on news and public opinion on social media and trading signals from dishonest signal providers. This is where yPredict.ai aims to bridge the gap and play a significant role, by providing access to data-driven insights, proven analytical metrics, and a prediction marketplace where financial data scientists can offer results/signals generated through their predictive models as a monthly subscription service. yPredict.ai platforms including the marketplace would provide them with a market to sell their model predictions as a service. Thus leveraging and harnessing their skills without the need of dealing with trading operations or having to find a market for their predictive models.
Upcoming
Earth Token
The Natural Asset Exchange blockchain platform and Earth Token cryptocurrency initial coin offering (ICO) token sale provides a unique opportunity to truly transform the Natural Capital Asset market, by creating a Natural Asset Marketplace that allows all stakeholders in the climate value chain to participate.
Upcoming
Quantler
Quantler is a blockchain for creating, analysing, sharing and running of decentralized structured investment products. Create structured products (such as an ETF) in equities or cryptocurrencies using themes. As there are a lot of the tokenized products being launched (currently over 1 900 available) the structured products for these assets are lacking behind (such as sector-based ETFs). Using Quantler’s blockchain anyone can create structured products (for regular assets such as Equities and cryptocurrencies) and run them on a decentralized network (much like smart contracts). Quantler also allows for regular assets, for this market Quantler’s solution is more flexible and has a lower costs base (targeted for exchanges, family offices and investment managers). The QUANT token’s intrinsic value is dependent on the AUM (asset under management) by the entire network. Quantler is like a Vanguard or BlackRock, but then in the form of a network.