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