BTC $ 9,513.53 -1.09669%
ETH $ 235.74 -1.29171%
MARKET CAP $ 269 bln -0.67%
ICOs 6,028

Layer Protocol

TBA
10,079 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.
Last screenshot taken on 25 Mar 2020
Layer Protocol ICO
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
Crypto Price Index
The CPI Index Blockchain is a new innovative way to easily track the top 200 cryptocurrencies by market capitalization. Like the Dow Jones Industrial Average, the CPI Index, alongside it’s native token the CPI Coin, provides an insight into the trading history of the leading blockchain projects. Our mission is to make the CPI Blockchain a single trustworthy source of up-to-date price data for the digital asset markets, becoming a valuable source of information for traders and other market participants.
Upcoming
SISHUB
The SISHUB project is developing an anonymous messenger and a decentralized system for sharing data through the utilization blockchain technologies. Does Not Log IP Address. Only complex identifiers and tunnels for data transfer will be used, which will change every 10 minutes. Absence of information collection, control over users and collection of geodata. SISHUB uses triple encryption of its own design, based on AES CBC, DSA, HMAC, when most use Curve25519, RSA 2048. All data is hashed using the SHA-2 protocol (64-bit architecture).
Upcoming
Bitindia
Bitindia is a cryptocurrency exchange and wallet for the streets of India. BitIndia will be bringing an open source platform which empowers the users to have secure transactions and hold the private keys of the cryptocurrencies on the Blockchain nodes. The BitIndia wallet will transform the current structure and concept of crypto wallets. While BitIndia wallets aims to make blockchain mainstream in India, the BitIndia exchange will let any layman to buy, sell and understand cryptocurrencies in the easiest and fastest scam free platform ever designed. The BitIndia wallet aspire to become an essential part of daily routine activities such as buying groceries, paying bills or dining at a restaurant; while using cryptocurrencies as a medium of exchange. BitIndia exchange will let its users to trade on essential cryptocurrencies with the Indian currency. This will not only promote various cryptocurrencies in India but also promote blockchain technology globally.
Active
BitMinutes
BitMinutes is the first prepaid airtime token to provide low-cost financial services to the world's two billion unbanked consumers. BitMinutes serve as the universal cryptocurrency for enabling global telecommunications providers, retail merchants and a network of trusted agents to offer free money transfer and guaranteed loans to six billion cellphone users. The primary goal of Bitminutes ICO is to provide access to key financial services for over two billion unbanked worldwide.
Upcoming
Plentix
The advent of cryptocurrencies and the tokenized economy makes it possible to re-imagine the entire value chain of consumer, products, and producers from a referral perspective. We present Plentix, a tokenized platform that enables users to refer other users to a business entity and enables business entities to leverage existing APIs for industry specific referrals and allows for safe, secure, trustless value exchange to take place. Unlike other referral platforms, Plentix unleashes the potential of a new global ecosystem to monetize referrals for every stakeholder, from the producer to the consumer.
Upcoming
TrigID
TrigID is the first and only Internet-based way to show that a real-world human is who they say they are. It enforces "one person, one identity" and you can verify that real-world identity with real-world identifiers like driver's license numbers, SSN's, addresses, phone numbers... All without giving anyone those identifiers.