Faceter ICO Review- Intelligent Video Surveillance

faceter ico review

 

Faceter ICO Review – An Overview

Faceter is a system which makes video surveillance smart, by giving eyes to cameras — computer vision, facial recognition, object detection and video content analysis, in real time. Most video surveillance systems are of little use, and therefore inherently inefficient since it is only possible to record data via videos and store video archives. They are therefore backward-looking and dumb in that they cannot, and are completely unable to react to a situation when it is actually happening in real time.

Faceter is the first decentralized surveillance system for consumers. Faceter makes video surveillance smart, giving brains to cameras, through enhanced face detection, object detection, and real-time video analysis. These features allow cameras to understand the situation and respond to it, offering much better security to all the customers.

Based on quarterly results, ~20% of the company’s revenue will be allocated to the token buy-out pull. Preparatory measures before the start of the buyout procedure will take about one month.

So without any further ado, let’s delve into a detailed review of Faceter’s ICO.

Market Opportunity

According to Markets&Markets, the industry’s turnover reached $30.37 billion in 2016. The growth rate is seemingly unabated, as the industry is expected to reach $75.64 billion in turnover by 2022.

High crime growth rates, an increase in the number of terrorist attacks, and people’s concern over security are the main factors stimulating the development of the video surveillance market around the world. In 2016, in developed countries, there were about 200 CCTV cameras per 1,000 residents of large cities.

Crowd Sale

Distribution of tokens

40.8%

30.8

15

0.5

6

6.9

Crowd sale

Reserve

Founders

Bounty

Advisors

Bonuses

Allocation of Funds

43%

31

21

3

2

R&D

Partnerships

SG&A

Legal

Other

Team

Robert Pothier, CEO

Vladimir Tchernitski, CTO

Paul Scott, Business Development

6 other core team members

3 advisors

Wulf Kaal (Strong advisor)

Igor Karavaev

Ken Huang

Opinion

Faceter is an interesting use case in the fields of fog computing, blockchain, and surveillance.

Targeting a large market, which will grow along with demographic factors such as urbanization and population growth suggests that Faceter has favorable tailwinds in the upcoming years.

From a technology standpoint, this investment is quite a high risk, as none of the use cases have been tested like this before. However, they have a strong team and have been working on this problem for a while.

They are raising a modest amount of capital for a technologically sophisticated product, which could lead to a high return on investments.

Links

Site

Reddit

Telegram

Twitter

ANN

Whitepaper

That sums up my Faceter ICO review. Do you think it’s worth investing? Let me know what you think in the comment section!


1 Response

  1. I can bet this is going to be one of the more successful ICOs out there. The team is good and the product has already a good sized market which is only going to grow. The fact that they are raising only a small amount of capital for such a sophisticated product could be another strong point for this to succeed.

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