In this ICO review we take a closer look on the SQUEEZER ICO. You can read our findings and our thoughts based on their communication, white paper and the market. We at One2Crypto do the research for you, so you can save time. This ICO is not listed in our Top 4 February ICO, but mentioned as ICO to keep in mind.
What is SQUEEZER?
Target Market: Software Developers, Blockchain add-on, Businesses
Development Fase: working prototype, features to be added, ICO for funding stable product & go to market
HQ location: (Golden Data Inc) Belize, Central America
Community interaction: Medium
Squeezer is a platform that helps software developers to build apps easily without tackling the entire blockchain infrastructure . It is also a powerful framework to provide high quality blockchain software components to the large enterprise organizations
Created for the scalability, compliance, security and governance requirements of large organizations
SQUEEZER & Market
Squeezer brings the microservices technology to blockchain technology. This move fixes the scaling issues and adjusts the stack to fit within the blockchain flexibility. Squeezer are building so called connectors which make the blockchain more friendly to developers and provide instant access to the blockchains data assets. In the current technology ecosystem it is a basic implementation that is easy to achieve however storing and retrieving data from a blockchain is different from a typical database and requires a lot of extra steps to achieve it.
Squeezer will help you to do this quicker and without any extra effort so that you can focus more on your actual business processes. Squeezer focusses on both the individual developer as well on the businesses working with blockchain & data storage.
Squeezer & Technology
Event driven ecosystem
Add different events to trigger your app functions. HTTP requests , cron events and much more.
No devops requirements
Forget the server guy that owns your infrastructure velocity . Just stay focused on adding new features to your business logic.
Split your project features on how many microservices you want, sky is the limit !
Simulates the cloud provider environment on your local machine , no need to deploy the code at every iteration. Speed up the entire development cycle 10x
Monolithic as modular
Don’t be scared by the early adoption of microservices. Share components between functions , like doing on any other traditional project.
CDN + functions = Nuclear
Combine the power of Content Delivery Network with Functions . Deliver on any demand, allow your app to get visitors even from other galaxies 🙂
The fact that the team really took a in depth research in the technological base is a good sign the team is able to both think of the current requirements as well as of the features desired for the further development of its platform. The technology solution Squeezers offers is not a hard to crack concept nor a high end standard. The fact that the blockchain world will require a squeezer framework to make the transition with other systems easy as possible is still a huge target market.
Who is behind Squeezer?
The team has a diverse skillset and holds the needed domain expertise. The members have different European backgrounds. Each member can be found on LinkedIn, but only Nick and Flavius are connected to the Squeezer company profile. The others do have currently a job elsewhere. Fabio for examples works for Ernst & Young.
Considering the ambitions of the company the team looks pretty small. Especially the number of tech developers on board are limited. Which is interesting considering the core of the business is tech development.
Squeezer Community & Contact
Squeezer has many social and tech oriented channels on which it has an account. Since January 2018 the team started interacting with the community on these channels.
On GitHub and Gitter is since the end of 2017 a decrease in development. Unfortunately the team doesn’t provide an FAQ overview as well.
What is the SQUEEZER future?
The roadmap shows the company started building its concept in early 2016. It realised a Proof of Concept which can be used already. First milestone is to offer blockchain access trough the agnostic connector with post smart contract integration on the next milestones.
The roadmap shows what the team will do the coming two years. It shows that they will use the ICO to raise funds to realise a true working product within half a year after the ICO ends. Unfortunately it doesn’t share information on what exchanges it wants to be added. Information on how they want to grow their team, the marketing and stakeholders relations is also missing.
Read the Squeezer white paper.
The white paper offers information on Problem, Solution, Market, Roadmap, Team & Legal. The information is general and not in providing in depth insights. The lay out of the White paper is simple and not really neat designed. It does contain links to external information sources.
Based on the white paper we had the impression that the looks of the website are not backed by thoroughly research. Unfortunately the white paper shares no information on the business case of the company. A pity to see a white paper like this, but based on the team & the planning we are still interested in the future.
What is the SQUEEZER ICO about?
The Squeezer crowdsale and the corresponding token creation process will be issued by Golden Data INC , a Belize Company, and will be organized using smart contracts running on Ethereum. Contributors willing to support the development of the Squeezer Project can do so by sending payments through multiple options.
Squeezer Token (SQZR)
Squeezer creates it’s tokens to fund it’s developments and provide the customers a payment method when using the Squeezer Framework. It’s a pity Squeezer is going to make it possible to use its software service in exchange of both Squeezer tokens and fiat. As discussed in the chat they might add features that only can be used by paying with tokens. 80% of all tokens will be available to the market. The other 20% is to be allocated as following:
Related questions copied from the ’16 Due Dilligence Questions’:
3. What is the vesting schedule for Team and Advisors token?
Q1 – 25% , Q2 – 25% , Q3 – 25% , Q4 – 25%
4. Is vesting for Team and Advisors coded in the smart contract?
5. is your smart contract deployed for the ICO?
Yes . https://etherscan.io/address/0xFc7cffb8A6D645cbeb11d939DBd851228D087461
6. Was your smart contract audited by an independent cybersecurity company?
Our smart contract source code is built & released by OpenZepellin https://openzeppelin.org/
10. Are you using a reputable 3rd party for KYC verification? How safe is it to upload my Identity Document on your site?
We will use JUMIO ( jumio.com ) , a well known established identify verification platform.
Squeeze ICO process
Sale: 20/2/2018—31/3/2018 (no minimum)
Hard cap: $15,000,000
Token supply: total 385.000.000 SQZR
Payment methods: ETH, BTC, BCH, DASH, LTC, XMR, Mastercard & Visa
All SQZR tokens unsold in the fundraising campaigns (Pre-ICO and ICO) will be stored and injected in later stages in to the market. It’s unknown how the team plans to do this.
The provided information shows a concept focused team trying to fund their ambitions. Surely 15$ M is a big sum for a framework in a fast developing market, but the minmum soft cap and the way the team allocates it funds shows the acceptable kick off only needed to get things going. The fact that an intensive KYC is part of the ICO could limit the investors hype, on the other hand it is measure that makes the ICO more trustworthy.
The listed ICOs, Cryptos & Exchanges are not an investment advice. Although these ICOs, Cryptos & Exchanges match our own criteria, we have picked them based on desk research and after comparison. New to crypto please read this article first.