As is known, Neurogres?is really a unique Artificial Intelligence (AI)-based Internet of products (IoT) network in accordance with Ethereum’s decentralized blockchain protocol. Neurogress is definitely the first company produce a sophisticated neurocontrol system in to the blockchain sector by enabling prosthetics as IoT devices.
Therefore, it transfers neural data from your user’s brain straight away to an IoT-enabled prosthetics device, allowing seamless movement of prosthetic joints and the entire body parts. The Neurogress blockchain network primarily functions to provide a data processing platform of neural information plus a marketplace for developers to distribute algorithms, software, and innovative technologies.
There is already what can be termed as product analysis. Even amidst a big cryptocurrency market correction that led the price of most cryptocurrencies including bitcoin, Ethereum, and Bitcoin Cash to fall by more than 50 percent skincare products all-time highs, many initial coin offering (ICO) projects and crypto-assets tend to be criticized for lack of products and prototypes.
In this sense, innovation and creation technologies can supply solutions for people in terms of boosting the quality of life, it is crucial that future investors could see what is a good idea to make the purchases of ICO that meet their expectations.
Since late 2019, the ICO sector and projects in it have taken the “raise money first and produce product later” approach. Consequently, ICO projects who’ve raised ten million dollars have struggled to file for their products. Therefore, most ICO projects out there have raised massive capital without demonstrating no other but their whitepaper.
In this sense, work prototypes and software are necessary evaluation tools associated with an ICO project because without, investors and traders cannot possibly predict the future trend on the project regarding user activity, price development, and adoption. As Cornell professor Emin Gn Sirer stated, investors ought not to invest in blockchain projects who have no clear use cases of their tokens.
It is very important to highlight what according to; Sirer “You should only spend money on and hold coins that you simply believe will likely be used, extensively, ultimately. If you bought coins impulsively, without an investment thesis, in line with hype, well, they can be pure speculation. If you cannot answer the question of ‘who would desperately choose to acquire this coin later on, and for what purpose,’ it should be worth re-thinking your role.”
Therefore, the product analysis is crucial for any blockchain project because it is not possible to invest on the applicability and potential belonging to the project’s native token whether or not it does not have merchandise.
We must take beneath that Neurogress continues to be one of the few projects in your space which may be initiating an ICO or possibly a token crowdsale by having a working product.
Therefore, principle technology and product of Neurogress is its neurocontrol system this really is capable of transmitting, storing, and analyzing neural information sent on the user’s brain having rate of accuracy and speed that is better than existing technologies available in the market.
In this sense, the Neurogress team?explained “This accurate processing of neural information and facts is achieved through incorporating artificial intelligence within the process of interpreting a brain signal and converting it into action. By introducing software which actively generates an evolving algorithm for interpreting a persons brain signals, the opportunity of sending detailed, precise commands towards a device is greatly increased.”
Developers behind Neurogress also noted that while there exists a good amount of neural interfaces in our market, none of interfaces and systems might be implemented without specificity and accuracy needed prosthetics and external IoT devices to work.
Neurogress exhibited its prosthetic technology determined by AI on multiple occasions. Its robotic arm, that has been demonstrated on several content distribution platforms, including YouTube, demonstrated ale the Neurogress system to seamlessly transfer neural information to an IoT device.
Ostensibly, Neurogress looks as if an innovative startup with the actual sophisticated neurocontrol system and interface which can be struggling to obtain funding and capital from your respective sector consequently it decided to get into the blockchain market and make use of decentralized blockchain technology of Ethereum.
Therefore, a sustainable model is presented. CryptoRand, just about the most influential traders from the cryptocurrency space, noted this criteria to be the most crucial evaluation tools to apply in analyzing a?blockchain startup. This startup has: Idea, Team, Attitude, Roadmap, Communication, Community Support, Price and provide, Liquidity / Functionality.
Since the idea behind the Neurogress blockchain network is definitely covered above, another seven points are needed to be evaluated. In the first place, Neurogress has a tight roadmap to generate milestone each and every month. This is not the same ICO projects claiming to send major milestones every 3 months, because that prevents the development team from pushing their resources and capital to generate their product.
As CryptoRand explained: “Having a roadmap is a basic pillar nowadays, but is not enough use a bunch of ideas. A complete roadmap has to be timed and detailed. More desirable, showing an updated track of the ‘development’ for each stages. The roadmap must be also realistic, it’s not necessarily worthy to supply utopias that you are not destined to be able to deliver.”
In this sense, by February and March, it is expected the fact that Neurogress development team will test its neurocontrol beta version software on 4 movements of the dummy prosthetic arm while keeping focused on the continuing development of optimal construction of prosthetic arm.
By April, the neurocontrol beta software will undoubtedly be tested on 8 movements of the dummy prosthetic and also by May, it would expand in to the entire arm and drone testing. Via the strict development roadmap, Neurogress intentions to deliver and launch its online platform by way of the first quarter of December 19.
Taking into consideration the development roadmap of Neurogress, the token itself, which is a main area of its software distribution platform, is mostly a strong mid-term investment.
For communication and community support, besides its social networking channels, Neurogress contains an open phone line and a slack channel in which investors can receive frequent updates around the progress within the project.
In this sense, you will find a Team and Advisors. The Neurogress team is led by Konstantin Gorbunov and Alexander Ovcharenko, who were both included in the neural network and AI industries of their professional careers. Ovcharenko, the chief technological officer at Neurogress, ‘s still an active engineer at Blue Brain Project, dealing with parallel neural network simulator CoreNeuron on highly distributed systems around the scale of the largest supercomputers in the world.
Two neuroscientists in Tayler Newton and Bruno Magalhaes are a part of the Neurogress team, overseeing the implementation for the Neurogress neurocontrol system and growth of technologies.
Neurogress is initiating its ICO?on February 10.
In summary lately of low cryptocurrencies it is appropriate to get some valuable project, that may generate possibility of performance, the blockchain-bitcoin technology to be a pioneer, is present in countless possibilities inside the solution of technical problems, each investor have to get the information which can help him to help make the best decision in this connection. It waits choosing ads.