WaykiChain Execution Review and SVET Rating


Every time I attempt to issue the 'Execution' rating (even, for the most matured projects in our space) I wonder when, at last, our industry comes out of its kindergarten stage of clumsy fighting, timid bullying and loud biting intermittent with an after-meal boredom.

That behavioural pattern is only more obvious with fledgling, fast-growing projects, where, as in the case of WaykiChain, I see that the founder team spends an immense amount of time and efforts to keep its community updated about the most minute changes in its protocols and 'adaption instances' without actually addressing the most important question of all, which is where the heck a company stands on its total valuation and financial stability accounts.

All of us understand that unless companies have an urgent incentive to open its financial book to us - its investors - nothing going to change.

At present we can envision two types of such incentives in, sort to speak, potentiality.

On the one hand, of course, we have 'official regulatory requirements' (such as a regular audit of listed companies) supported by a coercive force of the governments, with all of its well familiar to us vices of unequal opportunities, bureaucratic inefficiency and mounting costs.

During the past twelve months we have seen that the remaining few from the small cohort of 'old' and initially 'rebellious' founders gradually bent their knees to the governments, one by one implementing on their platforms one repulsive feature after another, which hardly make their services more user friendly.

However, all of those 'kycamls' do provide nothing for us - customers - except, a fable promise of 'more security'. Certainly, it doesn't make projects more financially transparent or accountable to its investors.

So, it begets even more of the governments oversight over our space and, as we've already seen, it will be wholeheartedly embraced by the good part of our ideologically diverse community (specially, those digitally consummating from the 'developed' parts of the world) but will it do any good at all - that's an open question.

On the other hand, we have the emerging DeFi, where the self-regulation (including, self-imposed full financial transparency, for which I'm trying to push with svetrating.com) still doesn't go further than too-little-too-late twitter hysterias, like that one, which we recently had have with a food-tokens farming saga.

Meanwhile, I'm doing what I can by reaching to companies' founders prior to publishing my reviews, expecting them to comment and / or critic my ratings as well as to supplement those data (specially, on the financial side) which are needed to increase ratings objectivity.

However, not all founders are as responsive to my appeals as, for example, those of Hashgraph, Nervos, Harmony, Pi Network, Local Crypto or Aleph Zero.

Among others, I'm still waiting for WaykiChain management reaction to my messages and before I receive some my 'Validity' and 'Equity' ratings (in the absence of any open-sources information on the legal and financial states of this company) will remain on 'c' level.

As to the founding team, which includes Wayki Sun, Gordon Gao, Richard Chen, Tony Chau and Xi Zhang I have to rely solely on information provided by their corporate web-site, which, presents them as a number of distinguished luminaries of the crypto-industry.

However, I have also give a credit to how fast this aggressive company managed to deploy its test net, closely followed by the main one. Also, the level of devs support appears to me to be sufficiently high to rate this young founders 'b+' on the 'Team' side of the rating.

As to 'Solution', again, it is not clear to me how and when this project might turn to be profitable (or not) to its initial backers.

At the same time, I assume, that given the most recent spectacular rise of WGRT (its circulating supply is announced to be less than 10%, with the rest, allegedly, locked up for a long), projects devs have some funds to look forward to.

However, it doesn't make, from my point of view, the WaykiChain's business model viable enough for its heavy dependability of tokens' market prices fluctuations. Result: 'Solution' is 'c+'.

Result for Execution (Solution - Validity - Equity - Team): c+ / c / c / b+

[Please, do not forget that I am not your financial advisor and all above was not intended to be a financial advise, of course. You’ve got to use your own gray matter enclosed between both of your ears to take all important as well as unimportant financial decisions.]

For the original version of this article, please, refer to: http://svetrating.com/rating_text/35/ent/

Link (WhitePaper): https://www.waykichain.com/Whitepaper_en.pdf

Image: View of Haarlem with Bleaching Grounds, Jacob van Ruisdael

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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