{"id":30,"date":"2017-08-02T20:04:54","date_gmt":"2017-08-02T20:04:54","guid":{"rendered":"https:\/\/iscrypto.com\/blog\/?p=30"},"modified":"2017-08-13T00:19:08","modified_gmt":"2017-08-13T00:19:08","slug":"ico-review-lampix-the-blockchain-based-image-mining-network-for-ar","status":"publish","type":"post","link":"https:\/\/iscrypto.com\/blog\/2017\/08\/02\/ico-review-lampix-the-blockchain-based-image-mining-network-for-ar\/","title":{"rendered":"ICO Review &#8211; Lampix"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-61\" src=\"https:\/\/iscrypto.com\/blog\/wp-content\/uploads\/2017\/08\/Lampix-300x88.png\" alt=\"\" width=\"300\" height=\"88\" srcset=\"https:\/\/iscrypto.com\/blog\/wp-content\/uploads\/2017\/08\/Lampix-300x88.png 300w, https:\/\/iscrypto.com\/blog\/wp-content\/uploads\/2017\/08\/Lampix.png 463w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-58\" src=\"https:\/\/iscrypto.com\/blog\/wp-content\/uploads\/2017\/08\/Lampix-300x93.jpg\" alt=\"\" width=\"300\" height=\"93\" \/><\/p>\n<h2 id=\"summary\">Summary<\/h2>\n<p><strong>Symbol<\/strong>: PIX<\/p>\n<p><strong>Crowdsale opening date<\/strong>: August 9, 2017<\/p>\n<p><strong>Crowdsale closing date<\/strong>: August 18, 2017<\/p>\n<p><strong>Platform for Fundraiser<\/strong>: Ethereum<\/p>\n<p><strong>Country of Incorporation<\/strong>: USA<\/p>\n<p><strong>Company Name<\/strong>: Smart Lamp Inc., Delaware Corp<\/p>\n<h3 id=\"introduction\">Introduction<\/h3>\n<p><span class=\"TextRun SCXW145724014\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW145724014\">Lampix<\/span><\/span><span class=\"TextRun SCXW145724014\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW145724014\">\u00a0is building a Blockchain based image mining network for augmented reality or any other computer vision systems, such as the\u00a0<\/span><\/span><span class=\"TextRun SCXW145724014\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW145724014\">Lampix<\/span><\/span><span class=\"TextRun SCXW145724014\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW145724014\">\u00a0device. They are creating a new Blockchain that will hold {image, description} datasets of real world objects. This data is a vital prerequisite for augmented reality systems ranging from smartphones, wearable glasses, or our own\u00a0<\/span><\/span><span class=\"TextRun SCXW145724014\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW145724014\">Lampix<\/span><\/span><span class=\"TextRun SCXW145724014\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW145724014\">\u00a0device.<\/span><\/span><span class=\"EOP SCXW145724014\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Lampix platform explained with details, video focused on developers and R&amp;D firms.\" width=\"625\" height=\"352\" src=\"https:\/\/www.youtube.com\/embed\/4r8lxnx2wXM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h3 id=\"my-view\">My View<\/h3>\n<p>There are two parts to\u00a0Lampix, first is the\u00a0Lampix\u00a0Device &amp; the\u00a0Lampix\u00a0Blockchain Database. They call their token-sale Crowd-Sale Token Launch (CTL) where they will distribute PIX which is an ERC20 utility token on their\u00a0system. Unfortunately\u00a0for me, their\u00a0Lampix\u00a0Blockchain idea is a no starter database for the Big Data problem they are trying to solve. Their best bet would have been to use a solution like\u00a0BigchainDB\u00a0to start out but by mentioning\u00a0Ethereum\u00a0they have shown their lack of knowledge of the current limitations of the Ethereum\u00a0Blockain\u00a0as a decentralized Database platform in general and for the category wise tree structure huge data set for images and descriptions that they are planning to save.<\/p>\n<p>They are trying to re-invent the wheel for Big Data\/Graph Database &amp; AI processing which players like Google and other AI startups have been solving. The biggest challenge in VR\/Computer Vision &amp; Machine Learning is not about storing or indexing data, but rather of feature extraction and correlation. Which should have been the primary aspect of the technical treatment of their whitepaper.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>Though they have developed a business model in their whitepaper where they bring in the element of community voting and review but making people buy\u00a0Lampix\u00a0device to \u201cmine\u201d pictures may be a non-starter. Rather the money raised from the\u00a0crowdsale, if they spend on R&amp;D of setting the infrastructure for developing their\u00a0Lampix\u00a0platform and developing a rich ecosystem of partnerships with other players like gaming, AI, vision, hardware &amp; location services will help.\u00a0Also,\u00a0if one looks closely at the expenditure of reserve funds one will see that 50% will be spent on promotion &amp; acquisition which I feel is a big waste of investor money.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>Also, their treatment of Legal considerations for who can and who\u00a0cannot\u00a0invest and the risks in investing in their ICO is not clearly mentioned. They have only mentioned in their legal section how PIX token is not an equity and why they do not come under the purview of SEC, but given the arbitrary nature of Howdy test, and some of the value proposition of the PIX token like community review, reward may expose them to SEC purview and investors should be doing more research about their rights and risks.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3 id=\"value-propostion-for-investors\">Value Proposition for Investors<\/h3>\n<p><span class=\"TextRun SCXW33836011\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW33836011\">Though $50 million may be a huge investment to ask from investors given the\u00a0<\/span><\/span><span class=\"TextRun SCXW33836011\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW33836011\">3 or\u00a0<\/span><\/span><span class=\"TextRun SCXW33836011\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW33836011\">4-year<\/span><\/span><span class=\"TextRun SCXW33836011\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW33836011\">\u00a0time period and the kind of capital intensive ecosystem that they want to create, if they even raise $10 million, it can be a great opportunity to take their core platform to the next level. The only value to the investor will be for early adopters who can use the PIX token to buy the\u00a0<\/span><\/span><span class=\"TextRun SCXW33836011\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW33836011\">Lampix<\/span><\/span><span class=\"TextRun SCXW33836011\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW33836011\">\u00a0token and can use either in B2B &amp; B2C setup. Also, they can use it for personal use if they want to experience the next wave of digital experience. I feel the speculative value of the token may not be much but again it&#8217;s subjective. But given that PIX tokens may be priced at $0.0079 approximately at ICO price, there is always chance that it will appreciate multifold which will be helpful for whales who hold a large amount of this token.<\/span><\/span><span class=\"EOP SCXW33836011\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h2><span class=\"TextRun SCXW167018692\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"SpellingError SCXW167018692\">Tokensale<\/span><\/span><\/h2>\n<p id=\"presale\"><strong>Pre-sale<\/strong><\/p>\n<p><span class=\"TextRun SCXW243819323\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW243819323\">Before August 9th early\u00a0<\/span><\/span><span class=\"TextRun SCXW243819323\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW243819323\">Lampix<\/span><\/span><span class=\"TextRun SCXW243819323\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW243819323\">\u00a0partners will be able to purchase PIX tokens at a 20% bonus. This is limited to $15 million. The amount bought will be deducted from the 1st day\u2019s $20 million.<\/span><\/span><\/p>\n<h3 id=\"crowdsale-token-launch\">Crowdsale Token Launch<\/h3>\n<p><strong>Launch Date<\/strong><\/p>\n<p><span class=\"TextRun SCXW108461803\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW108461803\">They plan to have the\u00a0<\/span><\/span><span class=\"TextRun SCXW108461803\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"SpellingError SCXW108461803\">Crowdsale<\/span><\/span><span class=\"TextRun SCXW108461803\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW108461803\">\u00a0Token Launch begin on August 9, 2017, through August 18, 2017. They are selling 550,000,000 PIX tokens over a\u00a0<\/span><\/span><span class=\"TextRun SCXW108461803\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW108461803\">10-<\/span><\/span><span class=\"TextRun SCXW108461803\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW108461803\">day<\/span><\/span><span class=\"TextRun SCXW108461803\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW108461803\">\u00a0period with a price of $0.12 per a PIX token during the\u00a0<\/span><\/span><span class=\"TextRun SCXW108461803\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"SpellingError SCXW108461803\">crowdsale<\/span><\/span><span class=\"TextRun SCXW108461803\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW108461803\">.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Fund Allocation<\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p><b>Total:<\/b>\u00a01,100,000,000 PIX tokens will be created.<\/p>\n<p>The breakdown of the tokens is given below:<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b>Issued:<\/b>\u00a0550,000,000 PIX tokens (50%) will be issued and the coins not sold will be burned.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b>Company\/Team:<\/b>\u00a0220,000,000 PIX tokens (20%) will be allocated to the team.<\/p>\n<p>The tokens set aside for the team will be released at the end of each period:<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\">25% will be available at the same time as the public, roughly 1 month after the\u00a0crowdsale<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\">25% will be locked for 12 months<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\">25% will be locked for 24 months<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\">25% will be locked for 36 months<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Reserved:<\/b>\u00a0330,000,000 PIX tokens (30%)<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>The tokens set in reserve (20% total) will be released at the end of each period:<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\">25% will be available at the same time as the public, roughly 1 month after the\u00a0crowdsale<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"6\" data-aria-level=\"1\">25% will be locked for 12 months<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"7\" data-aria-level=\"1\">25% will be locked for 24 months<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"8\" data-aria-level=\"1\">25% will be locked for 36 months<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p>At each release of tokens:<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 1rem;\">30% will be used for data acquisition costs, development, marketing, and other corporate needs<\/span><span style=\"font-size: 1rem;\" data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"10\" data-aria-level=\"1\">50% will be allocated to acquire other companies, patent, and IP needs<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"11\" data-aria-level=\"1\">10% will be allocated to external partners if needed<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"12\" data-aria-level=\"1\">10% will be distributed to all PIX token holders (air drop) proportionally to their holdings at the time of the event in PIX tokens<span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2 id=\"analysis\">Analysis<\/h2>\n<h3 id=\"problem\">Problem<\/h3>\n<p><span class=\"TextRun SCXW3236323\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW3236323\">Current digital solutions are limited to using either a digital screen or a handheld device. Such devices will have limitations in how we can access such device (e.g., We\u00a0<\/span><\/span><span class=\"TextRun SCXW3236323\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW3236323\">can<\/span><\/span><span class=\"TextRun SCXW3236323\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW3236323\">not<\/span><\/span><span class=\"TextRun SCXW3236323\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW3236323\">\u00a0use a touch screen with wet hands, and there is a huge proliferation of devices just to access a specific feature.). There is scope to use virtual &amp; augmented reality, machine learning and AI to develop solutions that can make our interaction with the digital world more seamless. But to develop any such solution huge\u00a0<\/span><\/span><span class=\"TextRun SCXW3236323\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW3236323\">number<\/span><\/span><span class=\"TextRun SCXW3236323\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW3236323\">\u00a0of images and data points are required.<\/span><\/span><\/p>\n<h3 id=\"solution\">Solution<\/h3>\n<p><span class=\"TextRun SCXW140923052\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW140923052\">Lampix<\/span><\/span><span class=\"TextRun SCXW140923052\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW140923052\">\u00a0is a hardware and software solution that transforms any flat surface into a smart, augmented reality surface. With an open source API, integrating both computer vision and artificial intelligence, developers can create applications and content that can interact with real world objects, movement, and even\u00a0<\/span><\/span><span class=\"TextRun SCXW140923052\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW140923052\">hands. To<\/span><\/span><span class=\"TextRun SCXW140923052\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW140923052\">\u00a0power this device and various other VR and AR devices\u00a0<\/span><\/span><span class=\"TextRun SCXW140923052\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"SpellingError SCXW140923052\">Lampix<\/span><\/span>\u00a0is creating a {image, description} database using Blockchain &amp; picture mining. Computer vision and machine learning can be used on this curated and described data\u00a0base<span class=\"TextRun SCXW98258751\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW98258751\">. Also,\u00a0<\/span><\/span><span class=\"TextRun SCXW98258751\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW98258751\">virtual reality developer can tap into for their own applications.<\/span><\/span><\/p>\n<h3 id=\"platfrom\">Platform<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"https:\/\/ip.bitcointalk.org\/?u=http%3A%2F%2Fi.imgur.com%2FJKeH4io.png&amp;t=579&amp;c=Kp8daGHVd-7a0g\" width=\"390\" height=\"434\" \/><\/p>\n<p><span class=\"TextRun SCXW61810886\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW61810886\">On an abstract level, the Blockchain networks will be interfaced with various devices. First, interfacing with\u00a0<\/span><\/span><span class=\"TextRun SCXW61810886\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW61810886\">Lampix<\/span><\/span><span class=\"TextRun SCXW61810886\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW61810886\">, just as they support iOS, Android, Windows, Linux, etc. to start with. And then, they will use Ethereum to support other networks as well. Every miner, voter, and user will be associated with a wallet address.<\/span><\/span><\/p>\n<h4 id=\"picture-mining-voting\">Picture Mining &amp; Voting<\/h4>\n<p><span class=\"TextRun SCXW131742206\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW131742206\">Lampix<\/span><\/span><span class=\"TextRun SCXW131742206\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW131742206\">\u00a0introduces picture mining where with the use of a\u00a0<\/span><\/span><span class=\"TextRun SCXW131742206\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW131742206\">Lampix<\/span><\/span><span class=\"TextRun SCXW131742206\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW131742206\">\u00a0device or any other device with a camera. Miners can take pictures of objects, write a description, and submit it to be verified. Once approved by multi-voter consensus, the dataset is then submitted to the database. With picture mining, there is no proof-of-work mining needed to be done to reap rewards, instead, the miner only needs to submit datasets.<\/span><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"https:\/\/cdn-images-1.medium.com\/max\/1000\/1*vG_dCOQss0pIH2UNgT2FeA.jpeg\" width=\"1000\" height=\"666\" \/><\/p>\n<p><span class=\"TextRun SCXW221801955\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW221801955\">Another way to contribute to the data ecosystem is by voting on datasets. Voters can review pending datasets to make sure the description matches the picture. Once the dataset is approved by the network, voters aligned with the consensus of each dataset will be compensated.<\/span><\/span><\/p>\n<h2 id=\"roadmap\">Roadmap<\/h2>\n<p><span class=\"TextRun SCXW180456791\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW180456791\">The roadmap is not clear at this point.<\/span><\/span><\/p>\n<h2 id=\"team\">Team<\/h2>\n<p><strong>George Popescu<br \/>\n<\/strong>CEO at Lampix<\/p>\n<p><strong>Mihai Dumitrescu<br \/>\n<\/strong>CTO at Lampix<\/p>\n<h3><strong>Advisors<\/strong><\/h3>\n<p><strong>Joe Zhou<\/strong><br \/>\nCEO &amp; Co-Founder at Firstblood<br \/>\nMentor at Babson GEIR<\/p>\n<p><strong>Mike Mazier<\/strong><br \/>\nCrypto Developer, Serial Entrepreneur<br \/>\nMerrill Lynch, Columbia University &#8211;<br \/>\nColumbia Business School<\/p>\n<p><strong>Catherine Barba<\/strong><br \/>\nSerial Entrepreneur with multiple<br \/>\nexits focused on retail technology<\/p>\n<p><strong>Lior Zysman<\/strong><br \/>\nLegal Advisor ZAG-S&amp;W \/Blockchain Projects<br \/>\nTel Aviv University<\/p>\n<p><strong>Rich Alterman<\/strong><br \/>\nEVP Business Development at GDS Link, LLC<br \/>\n35 Years of Corporate Finance Experience<br \/>\nBoston University Questrom School of Business<\/p>\n<p><strong>Gilad Woltsovitch<\/strong><br \/>\nSerial Entrepreneur<br \/>\nFounder of Israeli Ethereum Group<\/p>\n<p><strong>Daniel Temkin<\/strong><br \/>\nCo-Founder at FirstBlood Technologies, Inc.<br \/>\nBoston University School of Law, Concentration<br \/>\nin Intellectual Property Law with Honors<\/p>\n<p><strong>Simon Leger<\/strong><br \/>\nProfessional Crypto-trader and Market Maker<br \/>\nPreviously at BNP Paribas, Forex Division<br \/>\nM.S. Financial Mathematics, M.S. Applied Mathematics<br \/>\nfrom NYU and ENSAE in France Respectively<\/p>\n<p><strong>Pavel Kapelnikov<\/strong><br \/>\nSerial Entrepreneur and Angel Investor<\/p>\n<p><strong>Lenny Valdberg<\/strong><br \/>\nPresident and Co-Founder of Vigo Industries,<br \/>\nSerial Entrepreneur<br \/>\nBrooklyn College, B.S. Computer Science<\/p>\n<p><strong>Igor Kapelnikov<\/strong><br \/>\nCTO at CTC Transportation Insurance Services<br \/>\nCEO at Global Forwarding Enterprises, LLC<br \/>\nB.S. in Economics, Rutgers University<\/p>\n<h2 id=\"conclusion\">Conclusion<\/h2>\n<p><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">To me,\u00a0<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">Lampix<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">\u00a0Device is absolutely a fantastic innovation which may usher in the next wave of digital innovation very soon. And some startups are already exploring the augmented reality and smart surface technology. And\u00a0<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">Lampix<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">\u00a0as a device and the overall value proposition of\u00a0<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">Lampix<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">\u00a0as a Startup in long term may be good. There are parts of their ecosystem where PIX as a token and\u00a0<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">Lampix<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">\u00a0as a device can make a great value proposition as about utility device. Instead of focusing on developing a\u00a0<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">Lampix<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">\u00a0Blockchain database, if they focus on developing a financial model for developing VR\/AR apps and their device and API ecosystem based on\u00a0<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">Blockain<\/span><\/span><span class=\"TextRun SCXW54167796\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW54167796\">, then it will make a more viable seance.<\/span><\/span><\/p>\n<p>Their whitepaper at 80 pages, one of the biggest whitepapers that I have read till now and hence their FAQ was much more helpful in getting the key points about their platform. Despite some of the gaps that I have mentioned earlier, I feel being given the vesting schedule provided by them has a hope that they would develop a credible platform out of\u00a0Lampix\u00a0if they focus more on the core platform than the Blockchain part.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>At the end, it is great that more and more IOT\/AR\/VR and gaming use cases are developing to leverage and this gives more hopes to bring Blockchain\/Cryptocurrency to the mainstream. But still, it remains to be seen how many of these use cases will really succeed and how many will fail taking down the investor equity in form of tokens.<\/p>\n<h2 id=\"reference\">References<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.lampix.co\/token.html\">Website<\/a><\/li>\n<li><a href=\"https:\/\/www.lampix.co\/src\/docs\/pix%20token%20whitepaper%20v7.pdf\">Whitepaper<\/a><\/li>\n<li><a href=\"https:\/\/lampix-invite.herokuapp.com\/\">Slack<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/lampix_co\">Twitter<\/a><\/li>\n<li><a href=\"https:\/\/medium.com\/@lampix\/\">Blog<\/a><\/li>\n<\/ul>\n<p><strong><em>Disclaimer: This is not investment or trading advice, always do your own independent research.<\/em><\/strong><\/p>\n<p><em>If you like the Blog then please help support the publication via https:\/\/www.patreon.com\/cryptbytestech. Also you can send some eth contributions to 0x670A8721C343Ce16D619630283Ea70F3235e3247<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary Symbol: PIX Crowdsale opening date: August 9, 2017 Crowdsale closing date: August 18, 2017 Platform for Fundraiser: Ethereum Country of Incorporation: USA Company Name: Smart Lamp Inc., Delaware Corp Introduction Lampix\u00a0is building a Blockchain based image mining network for augmented reality or any other computer vision systems, such as the\u00a0Lampix\u00a0device. They are creating a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/posts\/30","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/comments?post=30"}],"version-history":[{"count":9,"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/posts\/30\/revisions"}],"predecessor-version":[{"id":62,"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/posts\/30\/revisions\/62"}],"wp:attachment":[{"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/media?parent=30"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/categories?post=30"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iscrypto.com\/blog\/wp-json\/wp\/v2\/tags?post=30"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}