Project Description

OneLedger wants to make it more convenient for business and

individuals to integrate blockchain technology in their day-to-
day activities. They plan to do this by making it easier for them
to create side-chains — private and public blockchains — using
the OneLedger protocol. According to the project, OneLedger
will make these side-chains compatible with other blockchains,
allowing data to be stored on various blockchains and at the
same time, supporting consensus across the various chains.

The OneLedger platform plans to make a master key

authentication system that will allow users create accounts that
have added features like digital wallets, a credit system, and
arbitration mechanisms. The master key will serve the purpose
of connecting all the public keys (of all the chains) in a users’
network, creating a common identity and ensuring that the user
only needs a single “OneLedger” identity instead of many. A
credit score will be given to each identity depending on how
honestly it behaves in the network, and the arbitration
mechanism can be used by participants to address concerns that
may arise in OneLedger channels. These features will be tailored
to the needs of various users; for example, companies on the
platform will reportedly be able to set customized permissions
on their networks.

In addition to these, the OneLedger project plans to create an

SDK that can deploy dApps on multiple platforms without
having to change the underlying coding language. This system is
expected to boost interoperability, say, in a cross-chain
decentralized exchange: users will be able to off-load heavy
workload to side-chains with higher performance levels,
communication will be possible between the protocol and
dApps — along with many other probable use cases. In the
future, OneLedger also plans develop a marketplace where
developers may offer the use of their applications for reward.

OneLedger’s tokens, OLT, will reportedly be used for payments

on the platform; it will also be used to incentivize nodes.
Additionally, developers will need OLT before they can deploy
modules on the OneLedger protocol. Sometime in the future,
there is likelihood that a minimum threshold of OLT is
introduced.

Existing Product
OneLedger’s MVP is scheduled to be released in June 2018.

Hard Cap and Valuation

There will be a total of 100 million OLT tokens and OneLedger
aims to raise $15 million for 35% of the token total (soft cap =
$4 million). The remaining 65% of the token total is shared
thus: 25% will go into community reserve, 15% to the team and
their advisors, 15% will be used for marketing and long-term
partnerships, and the final 10% goes into the company’s
reserves.

The project already raised $1m during a seed round and they
aim to raise $6m during their private sale, $3m during a public
presale, and the last $5m during their crowdsale.

Only the sold tokens do not have a lock-up period. The 15%
earmarked for marketing and long-term partnerships, along
with the 25% that goes into the community reserve are subject
to not-yet-described lock-up periods. The team tokens will be on
a 24-month vesting schedule with quarterly releases; the advisor
tokens will be on a 12-month vesting schedule with monthly
releases, and the company tokens are to be vested for 24 months
with monthly releases. As a result, only 35% of the OLT token
total will be in circulation after OneLedger’s crowdsale.

According to the project, the reserve will go towards rewarding

the best developers.

Price Per Token

During the crowdsale, 1 OLT will be worth $0.52.

For the presale, a bonus of 20–25% will reportedly be available.

There were higher bonuses during the seed round but the
tokens will be locked for 6 months.

Important Dates
OneLedger’s private presale is ongoing at the moment, and
interested parties can send the project an email outlining their
previous blockchain involvement experience and the amount of
OLT they plan to purchase.

The ICO is expected to start and end sometime in May 2018.

Marketing Power
As of the time this post was published, OneLedger had over
6400 followers on Telegram, 1400+ followers on Twitter, 80+
followers on Medium, and 45 Reddit readers. They also have
a Github page, as well as a LinkedIn page.
Prominent Advisors

Reuben Loo
 Partner at MW Partners for 4 months which already helped
structuring sales, among other tasks, of various projects like
Loom Network.
 APAC Advisor at Loom Network.

Trevor Koverko
 CEO of Polymath.

Team Members’ Areas of Expertise

Business experts

Alex Todd, CTA

 Founder, and CEO of Trust 2 Pay for over 3 years (ongoing).
 Founding Principal at TrustEnablement for over 8 years.
 Board Member and Founding Chair of the Governance
Committee at Bayview Community Services for 2 years.
 Executive Vice President at Diversinet for a year.
 President at Phase III Computing Inc. for 7 years.
Stephen Li, Lead Engineer
 Founder of Service Informatiques Yang-lL for over 3 years.

Target market experts

David Cao, Founder & CEO

 Chairman of the Canada China Blockchain Association for a
year (ongoing).
 Lead Commerce Consultant at Xerox for 5 years.

Alex Todd, CTA

 Managing Consultant in Information Security and Trust
at IBM for over 4 years.

In addition, since the target market is quite technical, all other

team members with developmental experience have a measure
of target market expertise.

Marketing experts

Alex Todd, CTA

 Marketing Representative — Reseller Channel at Lotus
Development Canada for 2 years.
Legal experts
No team member with legal expertise.

Software engineering experts

Stephen Li, Lead Engineer

 Consultant (Full Stack Developer) at Morgan Stanley for over
a year.
 Senior Consultant (Application Developer) for Deutsche
Bank at CGI for 8 months.
 Software Developer II at TEKsystems for almost a year.
 Senior Software Developer at Walsh Integrated for over a
year.
 Staff Software Engineer at IBM for almost 4 years.
 SDE Lead at Microsoft for a year.
 Engineer at Tekever for over 2 years.
 Developer / SWQC Leader at NEC for 3 years.

David Cao, Founder and CEO

 WebSphere Commerce Architect at OnX for a year.
 Lead WebSphere Commerce Consultant at Nurun for almost
2 years and at Men’s Wearhouse for well over a year.
 Senior Java/J2EE/ecommerce Consultant at MRS for almost
2 years.
 Java/J2EE/WebSphere Commerce Developer at IBM for
over2 years.
 Master Control/Application specialist at Rogers for a year.
 Web Application Developer at AnHui Television for 3 years.

Edwin Zhang, Managing Director

 Agile Software Engineer at TribalScale for over a year.
 Salesforce Developer at LogiSense for over a year.
 Software Developer at Autodesk for 4 months.
 Quality Assurance Analyst at NexJ for 4 months.

Alex Lan, Engineer / Researcher

 Data Engineer at MindGeek for a year.
 Developer and Big Data Architect at Rdb.io Inc. for half a
year.
 Business Intelligence Engineer at Amazon for over a year.
 System Engineer Intern at Alcatel-Lucent Shanghai Bell for 3
months.

Lester Li, Engineer

 Development Engineer at Nokia for 5 years.
 Engineer at CIeNET for a year.
 Engineer at WetStone Technoliges for 4 years.

Alex Todd, CTA

 CTO at PRESTO for over 2 years.

Blockchain development experts

No team member with blockchain development expertise.

Token sale structure

No team member with outstanding token sale structure
experience. However, one of their advisors, Trevor Koverko,
conducted the token sale of Polymath, pointing to some
structuring experience.

Token economics
Same as above.

Conclusion

Strengths
 Strong development team.
 Moderate hard cap.
 Decent community size for a project in the private presale
stage without relying on airdrops or bounty campaigns.
 Great projected scalability and flexibility.
 Low circulating supply after the sale and no sell pressure
from bounty campaigns.

Potential risks for investors

 Token price pegged to $. The rate for pre-sale investors
might be unfavourable in comparison to ICO investors
 No functional MVP during presale, and there won’t be one
before the ICO.
 Notable competition from strong and similar projects (Aion,
Nem, Arcblock…).