Sentivate (SNTVT) Project Analysis

About

Intro

In another edition of our project reviews, we decided to have a look at Sentivate, a hybrid based internet.

So what is the deal with Sentivate? In this review, we will dig deep into this project and give you all the answers. We took an in-depth look by examining the project, its team, tokenomics, community and technical analysis, among other metrics.

If you wish to skip to the summary to see the SWOT analysis, matrix score and rating, click here.

Finally, if you find this review beneficial, feel free to sign up and register for our newsletter or follow us on Twitter for our latest reports. Thank you in advance for your support ❤️

Overview

What is Sentivate?

The Sentivate project is a hybrid internet built aiming to be a viable & realistic replacement for the modern web. The team have identified the current problems faced by the growth of internet users alongside the demands this brings.

The aim is to provide a solution which is faster, safer, & more scalable than any solely centralised or decentralised web infrastructure currently available.

Use case

Sentivate proposes to solve the issues faced by the current internet architecture with the construction of a universal web. The first step in the development of the Universal Web is to replace HTTP and TCP entirely with Universal Data Stream Protocol (UDSP).

Score ✅✅✅

Adoption

The scope for adoption for the Sentivate project is vast, with an estimated 4.33 billion internet users across the globe.

The proposed solution of a universal web would mean that current infrastructures are changed and new ones implemented, so it is likely to be a long term adoption curve for the project. 

Currently, there is no minimum working product, and as such, there is no current adoption among users for the proposed Sentivate product and protocol. The main-net is estimated to be launched in 2020/21. 

However, we can gauge adoption sentiment for the project from the SNTVT token distribution and community engagement later in the review.

Score ✅

Competition

There is no direct competition within the cryptocurrency industry proposing to use the same protocol and features as Sentivate to resolve the same issues. As such, this gives the project a competitive advantage at this moment in time within this industry.

It must be highlighted that solutions to the internet infrastructure problems are likely in current discussion, implementation and development amongst governments and corporations. However, the global deployment of a project this scale will likely take significant time.

Score ✅✅

Products/Features

On top of the UDSP protocol, the universal web that Sentivate is developing will also include the following core features and products [ref]:

  • Universal Identity System
  • Universal Domain System
  • Hybrid apps (hApp)

Score ✅✅

How is development according to the project roadmap?

The roadmap is concise and plans for three months at a time, updated regularly and milestones are being achieved.

Score ✅✅✅

Tokenomics

Token info

 

SYMBOL SNTVT
GENESIS BLOCK 14/07/2018
BLOCK EXPLORER Etherscan
TOKEN TYPE ERC-20
CIRCULATING SUPPLY 2,272,049,153 SNTVT
MAX TOKEN SUPPLY 4,200,000,000 SNTVT
% MAX SUPPLY MINTED 54%

 

Financials

 

MARKET CAP $2,764,286 USD
VOLUME (24HR) $121,856 USD
PRICE $0.0012
VOL TO NETWORK 4.2%
AVG PRICE 30 DAY $0.0012793 USD
TRADING PAIRS BTC, ETH + USDT

 

Token distribution
Circulating supply

Is there any utility for Sentivate?

The team plan to swap the SNTVT token in the future to the VIAT token. Until then the SNTVT token currently has several utility functions:

  • Those holding SNTVT will be able to gain early access to the network and tools.
  • Each SNTVT token is a vote that can push the project in a particular direction and referendum on important issues, giving the Sentivate project a governance model with its community.

Team

Thomas Marchi Co-Founder
Matt Karasiewicz Co-Founder
Lew Knopp Co-Founder
Jamie Linkowski Business Advisor
Robert Brunelli Legal Advisor
Experience

As stated on the project website, there are currently three founding members of the project, six advisors and nine core team members. The team has a wide range of roles including developers, business development officers, community leaders and admin staff [ref].

Score ✅✅✅

What is the experience in the team?

A look into the team’s experience indicates that the co-founders have been working together since 2014 on various other projects before Sentivate. 

Matt is listed as having a bachelor’s degree in Finance. Tom has no academic qualifications listed on his LinkedIn profile. During our interview with him, he was highly articulate and skilled with his level of technical knowledge about the product and market that Sentivate is targeting. 

The remaining co-founder, Lew, comes from a military background and is also the CEO of several other projects, including a Cybersecurity firm.

Score ✅✅✅

What is development like for the project?

Looking at the roadmap for the project gives us an insight into the development taking place and milestones achieved. The roadmap listed on the project website is clear, concise. A positive is that the roadmap is updated every three months and contains the objectives for the three months ahead [ref].

According to the listed roadmap all listed milestones were achieved to date.

Score ✅✅

Are there any listed advisors or partnerships?

There are six advisors listed on the project, which include Jamie Linkowski and Robert Brunelli.

Score ✅

What are the financials for the project?

The Sentivate project is entirely self-funded by the team and there no regular public financial reports.

Score ✅

Code

Audit

For this review, the Sentivate team requested an audit on the smart contract for the Sentivate Token (SNTVT). The results are provided in our full report here.

In this report, we have concluded about the security of Sentivate Smart Contract [ref]. The smart contract has been analysed under different facets.

The audit found that the Sentivate smart contract adapts an outstanding coding practice and has a clean, documented code.

The Smart Contract logic was checked and compared with the one described in the whitepaper and no discrepancies were found.

Community

Followers

Analysis of the projects social media channels shows the following community members:

  • Discord 1949 members
  • Twitter 925 followers
  • Telegram 12,097 members

There is an impressive 12k followers in the Telegram channel and nearly 10k Twitter followers.

Engagement

The majority of the Sentivate community involvement and engagement takes place on Telegram and Discord, which is healthy as it allows for 2-way conversations between the team and community. 

Both platforms have daily activity in the chat, and admin/mods deal with any questions from the community by replying promptly, often responding immediately.

Analysis of the Twitter channel shows a rating of 34.8 engagement per tweet according to RivalIq rating. This score is 4.5 times higher than the average engagement rate across all industries [ref].

Governance

The Sentivate team are keen to involve their community. As mentioned earlier, each SNTVT token is a vote that can be cast to push the project in a particular direction and referendum on important issues. By issuing the SNTVT token as airdrop, its seen as a positive that all token holders will have a vote and say in the direction of the project.

Technical analysis

Chart


Chart Analysis

Sentivate has returned to a previous region of accumulation around the 1000-1400 satoshi region

The breakout regions are around the 2000 and 2800 satoshi region

Conversely, the previous support region of 1000 satoshi was recently breached, anything under the 900 satoshi range would see new lows

Liquidity

Liquidity is low, with around 8.8% of the circulating supply available for trading on exchanges

Summary

Conclusion

The Sentivate project scored 68/100 based on our scoring matrix and scored the project at B+ rating.

We have outlined our SWOT analysis findings below to provide you with a breakdown on the exchange and areas of strengths, weaknesses and room for improvement. For a more detailed breakdown on each metric, please scroll down to our Matrix table further down.

As part of the review process, we sent Sentivate our recommendations for improvements alongside suggestions for additional features.

Areas of fundamental strengths and weaknesses are highlighted in our matrix below.

ABOUT USE CASE
✅✅✅
COMPETITION
✅✅
ADOPTION
FEATURES
✅✅
ROADMAP
✅✅✅
TEAM PUBLIC
✅✅✅
EXPERIENCE
✅✅✅
DEVELOPMENT
✅✅
PARTNERSHIPS
FINANCES
CODE AUDIT
CODEBASE
✅✅✅
ACTIVITY
✅✅
DOCUMENTATION
ENGAGEMENT
✅✅
COMMUNITY COMMUNICATION
✅✅✅
FOLLOWERS
✅✅✅
GOVERNANCE
✅✅✅
ENGAGEMENT
✅✅✅
WEBSITE
✅✅
TOKENOMICS DISTRIBUTION
✅✅
EXPLORER
✅✅
EMISSIONS
✅✅
UTILITY
✅✅
ENTRY
✅✅
PRICE EXCHANGES
LIQUIDITY
✅✅
PAIRINGS
✅✅
T.A
✅✅
DATA
✅✅
MISC LEGAL
✅✅
HYPE
✅✅
PLATFORM

 

Breakdown

Disclaimer
  • This review is a sponsored review on behalf of the Sentivate project.
  • This review is intended for educational purposes only and SHOULD NOT be considered as financial advice.
  • Before investing in any project, we recommend you do your research + consult a registered financial adviser.
  • All information listed is accurate at the time of publishing in January 2019.
Methodology
  • We use a combined rating score out of 100, covering all the listed metrics for project reviews.
  • Each metric is rated out of 2, including a potential bonus point in every metric.
  • We also reserve the right to award a bonus point for outstanding achievement for a project.
  • Our rating and grading framework is available here.