Bytom Execution Review and Rating (SVET)


We — Western reviewers — are facing a challenge while trying to estimate the potential of oversees projects specially on its Team, Validity and Equity sides.

Say, in the case of Bytom, I, for sure, could find in no time the team members’ list on their web site, but it contains names and positions only, without even bothering to link me to peoples social accounts. So, now, I have to roam through multiple searches by myself trying to much names with faces :)

Of course, Google translate heps, but a little, and I’d better to learn Chinese fast. However, before that will happen I have already spent a lot of time trying to independently confirm credentials of Bytom CEO Lang Yu and Zhu Yiqi — its CTO.

Certainly, the founder — Chang Jia — was much easier to research thanks to the popularity of its first project — Bitcoin news site 8btc, which, since 2011 till today, provides us — foreigners — with very helpful insights about the Chinese crypto-market.

Alas, no sources could help me to find info on the state of Bytom assets /liabilities as well as about the legal side of this project. So, I’m reduced once more to pure speculations about those crucial pieces of data, which have resulted in ‘c’ sub-rating for Bytom ‘Validity’ (legal).

It might look absolutely unfair for this project but it will stay this way until I obtain some reliable information about Bytom incorporation, its registration records, a list of its beneficiaries etc.

Sure, I understand that world’s toxic, anti-crypto regulatory environment doesn’t allow most companies in our space to be forthcoming with that types of information. However, if it exists somewhere hidden in the official records I could see no reason why we — public — might not have the same level of free access to it as governments do. After all, the full self-regulation of blockchain and crypto industries that what I firmly stand for :)

As to the Bytom’s ‘Equity’ (their accounting books value) it’s ‘c+’ and no ‘c’ only because project’s token (BTM) total market cap is still exceeding $100 mio. With more than 300 mio tokens (~20% of total supply) still withstanding from circulation this project, allegedly, has enough means to say afloat even if the other ways (besides token appreciation) of making money is absolutely unclear to most superficial observers (me including). Result for ‘Solution’ (business model) is ‘c’.

Now to the Team once more. Despite an information vacuum surrounding everyone in Bytom except its founder I have liked very much the fact that the number of Bytom technical updates and publications far exceeds the number of its ‘marketing’ releases.

It tells me that this project is, primarily, run by developers — in our space it is a very positive sign. Hence, ‘Team’ is ‘b+’. However, I have to see something more than a good technical expertise from the project with more than a hundred million market cap on its low point before I can think to upgrade it to the ‘a’ level.

Result for ‘Execution’ (Solution — Validity — Equity — Team): c/c/c+/b+

For the original version of this article, please, refer to:

Link (Bytom WhitePaper):

Image: World Map, 17th century Japanese folding screen map.

What Is SVET Rating?

SVET Rating is the first public praxiological (human actions driven) rating. It takes into account combine effects of cognitive, emotional and social factors on the decisions of individuals and institutions dealing with crypto currencies and blockchain projects. Uses S.V.E.T. Metrics = System + Vision + Execution + Tokenomics. Includes 16 parameters. Accounts for main drivers of public behavior: technology, economy, organization and psychology. Integrates insights from independent experts and everyday users

  • Security (safety): for defenders (
    - The Protector: Warm-hearted and dedicated, they are always ready to protect the people they care about.
  • Velocity (scalability): for megalomaniacs (
    - The Commander: Outspoken and confident, they are great at making plans and organizing projects.
  • Engineering (design): for geeks (
    - The Architect: High logical, they are both very creative and analytical.
  • Transparency (decentralization): for crypto punks (
    - The Crafter: Highly independent, they enjoy new experiences that provide first-hand learning.
  • Singularity (uniqueness): for Individualists (
    - The Artist: Easy-going and flexible, they tend to be reserved and artistic.
  • Volume (market): for Globalists (
    - The Performer: Outgoing and spontaneous, they enjoy taking center stage.
  • Empathy (enthusiasm): for Tribes (
    - The Persuader: Out-going and dramatic, they enjoy spending time with others and focusing on the here-and-now.
  • TimeLine (road-map): for Visionaries (
    - The Mediator: Idealistic with high values, they strive to make the world a better place.
  • Solution (business): for Dealmakers (
    - The Director: Assertive and rule-oriented, they have high principles and a tendency to take charge.
  • Validity (legality): for Lawyers (
    - The Inspector: Reserved and practical, they tend to be loyal, orderly, and traditional.
  • Equity (finance): For Venture Capitalists (
    - The Advocate: Creative and analytical, they are considered one of the rarest types.
  • Team: for Friends (
    - The Caregiver: Soft-hearted and outgoing, they tend to believe the best about other people.
  • Sustainability (stability): for Sages (
    - The Thinker: Quiet and introverted, they are known for having a rich inner world.
  • Value (venture): for Adventurers (
    - The Debater: Highly inventive, they love being surrounded by ideas and tend to start many projects (but may struggle to finish them).
  • Engagement (usability): for Pragmatics (
    - The Giver: Loyal and sensitive, they are known for being understanding and generous.
  • Transactions (speed): for Travelers (
    - The Champion: Charismatic and energetic, they enjoy situations where they can put their creativity to work.

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