Project Overview

Skynet, an end-to-end protocol combining a neural processing blockchain core and a Byzantine fault tolerant infinity-chain infrastructure to create the new intelligent planet.

To provide a scalable network that supports workloads from billions of different IoT devices, Skynet provides an infinity-blockchain architecture that enables instantaneous transaction speeds and unlimited throughput. As the network only tracks the amount of tokens on each blockchain, Skynet enables the creation of an endless number of independent application specific sidechains that remain connected to pools of other networks. Skynet also contains a virtual application layer which devices can query to access decentralized applications that support the intelligent machine economy such as: decentralized identities, distributed storage, digital currencies, node discovery, distributed computation, and decentralized machine learning.

Finally, in order to provide the real-world infrastructure for cryptocurrency adoption, the usability of decentralized applications, and accelerated processing for deep neural networks, Skynet contains a license-free modular SoC core optimized for blockchain and artificial intelligence. With an embedded crypto hardware wallet, tensor processors, and hash accelerators, the blockchain SoC core will enable the mass production of low-cost smart IoT devices that could securely sign transactions, learn advanced neural network models, and leverage the utilities of distributed ledgers. All the cores can be immediately connected by its native network and allow hosted devices to begin interacting over its scalable frameworks.

Whitepaper

The Skynet whitepaper is extremely extensive and thorough. Some parts are however hard to follow because of how technical they are, but overall it explains well the many features and functionalities of Skynet. The token model is not clearly explained, especially the use of the Singularity token.

Team

Alexander Shi – CEO and Founder
Founder of OpenSingularity
AI Research Featured on Cell and Nature
UCSD Medical Deep Learning Researcher
Keynote Speaker at Chinese Summits
Intel and Amazon Robotics

Dr. Jae Jung – CTO and Co-Founder
Vice President of Samsung
Founder of NeoPace
UCSD Researcher
Samsung Technology Award Winner
Samsung Research Fellow

Tami Zhu – COO and Co-Founder
Head of Alibaba Group US BD
Head of AOL Ventures
100 Most Influential Women Silicon Valley
Raised 150m for Rokid AI Startup
Vice President IAC/InterActiveCorp
Head of Excite International Joint Ventures

Dr. Carl Shi – Director and Co-Founder
Vice President of Qualcomm
Lead Commercialization of Chips
Inventor over 400 Patents Worldwide
Voice-Controlled Translation Device Inventor
Leader for Qualcomm Project Startups

Louie Lu – Director of Product
Qualcomm IoT and AI Staff Product Manager
Qualcomm Strategic Ecosystem Development
Led Commercialization of Qualcomm SoCs
Former General Manager at 12 Sigma, China

Rachel Ye – Business Development
Google Ventures, Investment Arm of Alphabet
RA at GV, Seed Investors of Uber, Stripe, Slack
Consultant for Facebook Inc.
Oath Consultant at CMG Strategy
First Place Deloitte Startup Comeptition

Skynet Roadmap

December 2018
Phase 1: Genysis
Skynet Open Network Testnet

August 2019
Phase 2: Evolution
Skynet Open Network Mainnet

December 2019
Phase 3: Salvation
Skynet Core FPGA

December 2020
Phase 4: Singularity
Skynet Core SoC

August 29, 2022
Phase 5: Judgement Day
Billions of connected devices

ICO TERMS

Ticker: SON
Token type: ERC20
ICO Token Price: 1 SON = 0.00035 USD
Softcap: 3,000,000 USD
Hardcap: 38,000,000 USD
Total Tokens: 1,000,000,000,000 SON
Available for Token Sale: 20%
Bonus available: up to 50%

Each SON token will be swapped to one of each of the three tokens in the Skynet ecosystem: Skynet, Light, Singularity.

Skynet will be running a bounty campaign, but there is no information on it yet.

Token distribution

skynet token

Use of funds

skynet proceeds

Community hype

Telegram: 2,586 members
Twitter: 751 followers
Facebook: 602 likes

Strengths

  • The Skynet Open Network allows cross-blockchain communication and allows the network to scale to billions of transactions per second
  • The transaction fees on Skynet are extremely low (<0.01$)
  • The combination of the Skynet Core and the Skynet Open Network will create the framework for the intelligent machine economy

Skynet Red flags

  • The success of Skynet depends heavily on people massively implementing their “blockchain chip” on their IoT devices
  • They are still very far from the release date

Ratings

Team:  9.6/10 

The team behind Skynet is extremely impressive. They are all very experienced in entrepreneurship, programming, machine to machine communication and most of them are well-versed in blockchain.

Token Model:  8.25/10 

The Skynet token model is very intricate and really demonstrates how tokens can work within a blockchain ecosystem. Each of their tokens has a distinct function and they are all work together to create the Skynet ecosystem.

Token Distribution:  7.4/10 

The token distribution is adequate, but the fact that only 20% of the tokens are available for the token sale might lead to a more centralized distribution than what would be ideal.

State of the Project:  5.6/10 

The testnet is only scheduled for December 2018 and the mainnet, not before August 2019. On the other hand, they Skynet team is very open about any updates so their userbase and investors will be able to easily know if they are on schedule or not.

Market:  8.2/10 

The IoT market can definitely benefit from blockchain technology and only one other company has developed a blockchain chip, so there is definitely room for Skynet to become one of the main players in that market.

ICON score:  7.8/10

Conclusion

At ICON Partners, we find this project extremely promising. The Skynet Open Network combined with their blockchain chip could drastically change the way the Internet-of-Things is currently used. Even though they are still far from a working product, the team behind the project is so impressive that we have no doubts that they will be able to deliver all the features that are described in the whitepaper. Finally, it is clear by looking at their token model and at the many features of Skynet that they have a deep understanding of blockchain technology and of all the possibilities that it creates.

As always, we encourage you to do your own research and come to your own conclusions when investing in an ICO. All the information in this review are either facts or ICON Partners’ opinions and should not be used as investment advice.

Links

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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.

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