BTC $ 48,160.28 1.77832%
ETH $ 1,597.42 9.15652%
MARKET CAP $ 1484 bln 0%
ICOs 6,530

Layer Protocol

TBA
10,710 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
Active
Xend Finance
Xend Finance (XF) is a decentralized Credit Union protocol built to optimize, improve and add value to the core operations of credit unions globally. Xend Finance is decentralizing savings, lending, borrowing and investment operations of credit unions as well as providing multi-level interest returns to members of these unions. Xend Finance (XF) is the first protocol to target this over $2.2 Trillion credit union global market.
Pre-Sale
BeatBind
BeatBind connects musicians, venues, event organizers and fans to create the most memorable music events on Earth. BeatBind aims to become the long-awaited platform for music event organization, with BBND being the cryptocurrency token used for all its transactions. The current state of the music events industry is highly fragmented, everyone's individual networks limiting their reach. The Internet proved that's not how the world needs to operate - as other industries move toward open digital solutions, the music event industry is lagging heavily behind. Scalping and ticket forgery steal value from organizers, and a lack of data mining and collection in the industry makes revenue predictions inaccurate, which in turn makes events risky ventures - hurting artists, venues, and fans equally. BeatBind will aim to solve these problems one by one through the development of its Platform and wider ecosystem. The key idea is to allow all participants in the event organization ecosystem to efficiently connect and interact. We will capitalize on the high demand for the best artists, organizers, and venues and raise their rates significantly using various auction models. BeatBind will give rising artists more opportunities both locally and globally. Furthermore, fans will be able to directly purchase tickets from organizers of all events created on BeatBind, preventing fraud, forgery, and ticket scalping. A new free market like this will encompass creation of the events of every kind, from concerts and festivals to exclusive private parties. As the Platform scales, barriers of entry will be lowered significantly for all parties. And finally, BBND as the official token will capture a good part of that new value, which will be created for the first time in the world on BeatBind.
Active
Mindsync
Mindsync is a platform to solve customer's tasks with AI technologies competitions as well as a marketplace for these solutions and training datasets. Our mission is to bring together the best artificial intelligence experts and hackers, data scientists, machine learning developers, big data and computing power suppliers, investors, volunteers in one place to make better AI solutions more available, cheaper, simpler for a wide range of customers, accelerate its development and create a world’s marketplace for AI solutions.
Upcoming
Shercoin
The SherCoin team has realized that the best way to create a good cryptocurrency that will achieve mass adoption is by creating a multi-functional token that has more than one utility. Most of the altcoins are Ethereum-based coins that only offer one application. SherCoin features five different related applications in one. The ecosystem has a theme: User provide valuable economic services for businesses such: as checking market place for counterfeits, reporting fake or suspicious products; filling out surveys and giving information, feedback, and data, so business can make informed decisions; giving the users an easy way to manage the cryptos the earned; and then giving them outlets to spend/exchange their tokens.
Upcoming
Vidy
Vidy is the world's first decentralized ad network, powered by the ethereum blockchain. Vidy's ad platform allows advertisers to embed video ads directly into hyper-relevant website text, improving user experience, ad conversions and publisher payments. With just a hold, users can now reveal tiny hyper-relevant videos embedded in the text of any page on the web, unlocking a whole new dimension of the internet. All ads are placed with an NLP consensus protocol driven by miners. With a team of veteran engineers, industry-leading advisors and world-class brand partners, Vidy is on it's way to reinventing online advertising, e-commerce, and entertainment.
Upcoming
POWERCHAIN
Powerchain network is a new DAG based platform allows blockless security and high speed transactions without mining. Powerchain is preparing 4 products for users.Powerstack wallet,Powerpay and its payment tool Powercard and Powerexchange. Powerstack, the highly anticipated mobile wallet for Powerchain and its digital asset $PCX. Powerstack is launched on Beta on Android. Powerstack V1.0 release for Android and IOS will be rolled out with additional features added in the near future. PowerPay, the first fast and convenient, ready to use crypto debit card, which can be used for everyday purchases anytime, anywhere. Powerchain will come with its very own physical card that can be used at ATMs. Transactions will only work with your own pincode, so even if you lose your card, no worries, no one else wil be able to use your Powerpay card. Powerchain Network is studying on integrating Powerstack wallet to Powerpay that allows owner to send PCX coins from wallet to Powerpay credit card. Powerchain announces the plans to develop our own Asset Exchange as mentioned on roadmap, POWEREXCHANGE. This strategic decision will further grow Powerchain coin position in the cryptocurrency market with larger scale and volume; allowing sustainability by continues funding and organic growth; while rewarding the community with profit sharing also promotes giving back to the community members by ensuring that 70% of the exchange’s revenue goes back to holders of PCX tokens.