SVET Reports
AMO Review And SVET Rating
AMO Coin whitepaper, which was produced at the midst of 2017–2018 boom-bust cycle, and is, obviously, quite outdated, reveals the absence of serious technical qualification or blockchain expertise of its authors.
Although, it attempts to substantiate how the proposed DPoS protocol will assure the throughput exceeding 1000 TPS by redistributing computational tasks among nodes with highest hash-power, there is no indication in this whitepaper how authors purport to build such a system architecture, which allows to effectively manage transactional processing based both on PoS and higher computational power prioritization.
On top of the over-centralization issue, authors will, probably, come out as a result with the combined PoW / PoS consensus, which is not easy at all to implement technically, specially, given, as noted above, the absence of relevant technical expertize.
As to the most recent state of this system development their Github account is inactive for at least a year and contans only several lines of code with 3 commits in total (https://github.com/AMO-Project).
It might be of course, that some active coding is going somewhere at the background but because I am not aware of such my System rating for AMO is all Cs. If somebody more familiar than myself with the present developments on the technical front of this project will point me to the right direction I will be more than happy to follow and change my rating.
Meanwhile: System (Security - Velocity - Engineering - Transparency) is c/c/c/c.
Generally speaking I have liked the idea of collecting and storing cars / vehicles related data in blockchian in order to make its more relevant, secure and accessible. Besides, as authors pointed out, as the number of self-driving cars will only increase in numbers implementing some or other DLT protocols in this industry might become the common sense. Hard to say how big might be the market but it is sufficiently big to grant AMO a- on the Volume side of the rating.
Additionally, this type of DLT application is generally understood and might be more or less willingly accepted by some still minor part of main-stream consumers and industry players. Empathy is /b-/. On the other hand, we have already have a number of likewise projects aimed either at the same industry (cars) or proposing more or less similar but more technically viable solutions. Singularity is /c+/.
As to the Timing it is not ideal to say the least (despite Tesla recent stocks miracles) as we still have a very long road ahead of us before one of the most conservative industries will not only decisively shift toward self-driving, AR and instant data exchange on the consumers side but also get rid of multiple regulatory red-types across all worlds major jurisdiction. Timing is /c+/.
Result: Vision (Singularity - Volume - Empathy - Timing) c+/a-/b-/c+.
On the Team side AMO site presents (mostly in Chinese) a whole spectrum of names (see https://www.amo.foundation/aboutus/, including its CEO SangGyoo Sim, who is, according to his LinkedIn page (https://www.linkedin.com/in/sanggyoosim/), is a security engineer with less than 2 years of practical experience in the relevant industry).
On the AMO luminaries side it is Gilles Delfassy, who has got 25 years of Texas Instruments Wireless Division experience behind him (retired 2007) (https://www.linkedin.com/in/gilles-delfassy-673753/). Overall I have found more than 50 (!) names associated with that project mentioned in medias. At the same time, it absolutely is not clear who is still actively involved with AMO and who is there because of some other motivations. After all, we all know how it works in our space :)
Until further clarifications I put this sub-rating on /b-/. It is, however, less optimistic on the Equity (state of projects business and finance) as well as Validity (legal side of the project). I have not found information in open sources which allows me to estimate how solvent and legally feasible is AMO at the moment. Hence it is all /c/.
As to AMO Solution (simply saying, how do they make money), it is also a bit of a mystery for me at the moment. I assume this project still leaves of the proceeds of their early TGE (please, correct me if I am wrong). Hence /c+/.
Result for Execution (Solution - Validity - Equity - Team): c+/c/c/b-.
After more than two years of continuing decline AMO Coin has had recently an unexpected surge in price which might attract attention to this project again from some part of our community.
Despite an obvious lack of usability (Engagement is /c/) this coin has some attractive speculative characteristics including high supply / circulation ratio, low but not an absolutely negligible market capitalization and a protractive period of consolidation after a dramatic fall in price since its inception in April 2018 (Value is /c+/). However, AMO has been already pumped recently and we can expect no less dramatic dump in the nearest future. and Sustainability is /c/.
AMO ERC20 token is not readily available on Binance not to mention other most popular exchanges.
I have not been able to buy this coin within a reasonable time frame so I assign /c/ to Transactions (availability, ease of transfer).
Result for Trust (Sustainability - Value - Engagement - Transactions) c/c+/c/c.