Sentivate (SNTVT) Project Analysis

About

Overview

The Sentivate project is a hybrid internet built with the aim 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 centralized or decentralized web infrastructure current

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 construction of the Universal Web is to replace HTTP and TCP entirely with Universal Data Stream Protocol (UDSP).

Adoption

The scope for adoption for the Sentivate project is huge, 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.Β 

Currently, there is no minimum working product so 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.Β 

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

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 an competitive advantage at this moment in time within this industry.

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

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)
About Summary
βœ… POSITIVE β›” WEAKNESS πŸ“ IMPROVEMENT
Real world use case with global market for adoption Huge undertaking to replace global infrastructure Increase adoption
Roadmap is concise and plans for 3 months at a time, updated regularly and milestones are being achieved Large tech companies are also addressing this issue
MVP released

Tokenomics

Token info

 

SYMBOL SNTVT
CONTRACT ADDRESS 0x7865af71cf0b288b4e7f654f4f7851eb46a2b7f8
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 $2,764,286Β USD
VOLUME (24HR) $121,856Β 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
Token utility

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 be cast to push the project in a certain direction and vote on important issues, giving the project a governance model with its community.
Token Summary
βœ… POSITIVE β›” WEAKNESS πŸ“ IMPROVEMENT
SNTVT was airdropped to the public, meaning there was little to no entry barrier SNTVT is due undergo a token swap to VIAT once the main net launches Raise more awareness around VIAT
75% of the SNTVT tokens will be distributed among the public No clear info on VIAT, whitepaper is due later in 2019
POW daily emissions could have an affect on price compared to current fixed supply

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 3 founding members of the project, 6 advisors and 9 core team members. The team has a wide range of roles including developers, business development officers, community leaders and admin staff [ref].

A look into the team’s experience indicates that all of the co-founders have been part of the parent company Arity since 2014.Β 

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.Β 

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

Advisors partnerships

There are 6 advisors listed on the project, which include 2 founders of the Arity project, Jamie Linkowski and Robert Brunelli.

Development

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 3 months and lists the objectives for the 3 months ahead [ref].

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

Team Summary
βœ… POSITIVE β›” WEAKNESS πŸ“ IMPROVEMENT
Sentivate is one of several projects managed by Arity LLC Team is a small one with varied skills and experience There is opportunity for growth within the team for new team members, advisors and partnerships
Arity team members are also core team members at Sentivate and publicly linked They will likely need to expand in several areas if the project is to grow Develop relationships with other projects as a result of community awareness and networking
Team are very knowledgeable around their tech and product
Development is active, with the demo browser v2 released recently
Press releases coinciding with development milestones

Code

Audit

For the purposes of this review, the Sentivate team requested an audit on the smart contract for the Sentivate Token (SNTVT). The results are provided in our full reportΒ 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 a very good 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.

Code Summary
βœ… POSITIVE β›” WEAKNESS πŸ“ IMPROVEMENT
The team requested a code review None Recommend a audit of the VIAT codebase once launched
Contract was assessed as having no immediate security issues
Codebase for the upcoming VIAT token is unique

Community

Followers

There is a impressive 17k followers in the Telegram channel and nearly 10k Twitter followers

Engagement

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

Both platforms have daily activity in the chat and admin/mods are engaged with any questions from the community replying in a timely manner, often replying immediately.

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

Governance

The Sentivate team are keen to involve their community and as mentioned earlier, each SNTVT token is a vote that can be cast to push the project in a certain direction and vote on important issues.

By issuing the token as airdrop, its seen as a positive that all token holders will have a vote.

Community Summary
βœ… POSITIVE β›” WEAKNESS πŸ“ IMPROVEMENT
Large number of followers on social channels Much higher number of followers on Telegram than Discord Recommend using Discord for main communication channel
Governance model allowing token holders to vote
Multi lingual website, whitepaper and Discord channels

Technical analysis

Chart


Chart Analysis

Sentivate has returned to a previous region of accummulation 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

Price Summary
βœ… POSITIVE β›” WEAKNESS πŸ“ IMPROVEMENT
SNTVT is currently listed on several exchanges Price retraced back to a previous accumulation zone Look at adding a FIAT pairing/gateway
There are several trading pairs for the coin including ETH and USDT No clear guide for project valuation
Data points are available on major listing and charting sites Low liquidity
Price has moved through one full cycle for analysis
Price retraced back to a previous accumulation zone

Summary

Conclusion

In summary, the Sentivate project scored 64/100 based on our scoring matrix and score the project at B-

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

Disclaimer
  • This 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 own research + consult a registered financial adviser.
  • All information listed is accurate at the time of publishing in October 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
90-100 A++ Rating 75-79 A- Rating 60-64 B- Rating 45-49 C- Rating
85-89 A+ Rating 70-74 B+ Rating 55-59 C+ Rating 40-44 D Rating
80-84 A Rating 65-69 B Rating 50-54 C Rating 30-39 E Rating