ICORating

REMME Basic Review (https://tokensale.remme.io)

ICO dates (04.12.2017-TBA)

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PROJECT REVIEW

About the Project

Name: REMME

Ticker symbol: REM

Project Type: Security protocol

Extended company description: Remme is an open Public Key Infrastructure (PKI) protocol with

a set of DApps that enables automatic authentication for people and devices.

Company: REMME CAPITAL LTD

Website: https://tokensale.remme.io

Whitepaper

ICO Details

Public ICO Start: 04.12.2017 (Whitelist closes on December, 2)

Public ICO End: n/a

Token Sales Duration (weeks): n/a

Token type: ERC20

Total number of tokens issued: 1,000,000,000 [White paper]

Tokens available (Pre-Sale + Public ICO): 500,000,000

Investment goals:

Price of 1 REM: US$0.04

Accepted payments: ETH

Bounty: not announced

Token role: Functional

Team

Team (number of persons): 11

Advisors and partners (number of persons): 4

GitHub: https://github.com/Remmeauth

Social Media

Twitter: Posts: 201, Followers: 1650

Telegram: Subscribers: 472

Medium: Subscribers 495

Reddit: Subscribers: 19

LinkedIn: Subscribers: 27

Facebook: Subscribers: 3490

YouTube: Posts: 2, Subscribers: 20

PROJECT DESCRIPTION

Remme is an open Public Key Infrastructure (PKI) protocol with a set of DApps that enables

automatic authentication for people and devices.

Remme will provide the following services:

- Protection from cyber attacks (phishing, spear-phishing and social engineering);

- Automatic authentication, which reduces the impact of the "human factor" when working with

protected systems [white paper].

Advisors

- Nick Bilogorskiy (https://www.linkedin.com/in/bilogorskiy/) — Security advisor. Senior Director

and member of the constituent Group in Cyphort Inc. (6 years), Mentor at Alchemist Accelerator (2

years), founder and co-chair in Nova Ukraine (3.5 years), co-founder and member of the Board in

MUTE (9 years);

- Gordon Einstein (https://www.linkedin.com/in/gordoneinstein/) — Legal advisor. Managing

partner at Cryptolaw Partners (six months), chief legal advisor at Distributed Lab (2 months),

founder of Adaptivesky (8 years);

- Vitaliy Bulychov (https://www.linkedin.com/in/vitaliy-bulychov-839aa543/) - Investment advisor.

Shareholder at Art Finance LLC (4.5 years), co-founder at Synergy Group LLC (5 years);

- Andrii Zamovsky (https://www.linkedin.com/in/nixoid/) - Founder of Orderbook Pte. Ltd. (1 year),

founder of Ambisafe (3 years), head Blockchain Evangelist at Propy Inc. (1,5 years), founder and

CTO at NoveltyLab (2,5 года).

Project partners:

- 482 Solutions (http://482.solutions/) — technical partner for working with Dapp and ICT

- Juscutum (https://juscutum.com/en/) - legal partner

- Ambisafe (https://www.ambisafe.co/) - technical partner for ICO

- Gladius (https://gladius.io/ru) - solution development partner

- Infopulse (https://www.infopulse.com/) — integration partner

- blocksoft (http://blocksoft.biz/) — technical partner in the blockchain and smart contracts area

Attracted investments

No investments

CONCLUSION

The project has experienced professionals and advisors behind it. The team is actively recruiting a

subscriber base on social media. Attention to cybersecurity is high enough in the blockchain

community; this could attract additional attention from users.

Strengths of the project:

- The team has specialized partners and advisors;

- The project has two demo versions of the product using Emercoin and Bitcoin blockchains

- The team is emerging to a growing global market of cybersecurity

Weaknesses of the project:

- At present, based on the white paper, the project team is focusing more on the technical

development of the project, while there is little information on market activity. However, the project

has press releases about the signing of memoranda of cooperation with SSFTFIF "Ukrinmash"

[https://medium.com/remme/strategic-partnership-remme-and-ssftif-ukrinmash-d44327f818ac] and

deposit photos. [https://www.cryptocoinsnews.com/ Blockchain-startup-Offers-password-less-

protection-deposit-Photos/]

According to a project representative, more than 40 companies have already applied for

participation in the pilot.

MARKET AND INDUSTRY REVIEW

TechNavio analysts are predicting growth in the global cybersecurity market: CAGR about 12%

between 2016 and 2020. For the business and finance segment, growth is projected at 13%.

According to Forbes, cybersecurity costs will rise to $170 billion by 2020, while in 2015 they

amounted to 75 billion USD (Gartner, Inc.). It follows that expenditure will increase by more than

2.2 times over 5 years [Https://www.technavio.com/report/global-it-security-bfsi-market],

[Https://www.technavio.com/report/global-it-security-cyber-market], [https://www.forbes.com/sites/

Stevemorgan/2016/03/09/Worldwide-cybersecurity-spending-increasing-for-170-billion-by-

2020/#6d7a62176832].

The team has also conducted market research on its blog, but the publication is more focused on

the security of the internet of things (IoT). The IoT cybersecurity market is predicted to grow from

7.90 billion USD in 2016 to 36.95 billion, with CAGR equal to 36.1%, (Internet of Things (IoT)

Security Market Global). [Https://medium.com/remme/q-a-part-1-market-and-competitors-

2a2d89a3760bing]

A study by ThreatMetrix, a security company that controls over 20 billion online transactions per

year, claims that online credit companies and alternative payment systems last year grew by

122% and amounted to 8 billion. £10.4 billion in 2016, [https://medium.com/remme/q-a-part-1-

market-and-competitors-2a2d89a3760b].

Comments: As you can see, the market is growing fast enough, the industry is gaining popularity,

and it is, therefore, possible for the project to take its niche in the market. Based on a publication

on the project's blog, we believe that the initial focus of the team will be on the security of IoT.

REVIEW OF COMPETITORS

The team identifies the following competitors:

- Digicert (https://www.digicert.com/) - a platform for addressing security issues on a PKI basis at

any scale.

- Guardtime (https://guardtime.com/) is a blockchain-based platform designed for enterprise

solutions with integrated security, scaling, and performance.

On Medium, you can find the following competitor:

- Civic (https://tokensale.civic.com/#about) is an identification platform that provides a reliable and

decentralized identity check.

In our study, we also identified the following competing companies:

- Evernym (https://www.evernym.com/) is a network of identification graphs built on an expanded,

specialized, threat-protected, publicly available distributed registry.

- Cambridge Blockchain (https://www.cambridge-blockchain.com/) - software for digital data

identification.

- Blockstack (https://blockstack.org/) - decentralized public key distribution system, application and

user ID registry. [White paper]

Summary. As the project team asserts, the main difference from its competitors will be the

integration of the Remme solution running on the organization (customer) side. In addition,

the team states that it would be less expensive.

TECHNICAL ASPECTS OF THE PLATFORM

Remme is a data protection solution, as it removes friction, increases user experience, and

delivers high value, excelling in all security aspects:

- It removes the need for centralized storages and making leaks of user credentials impossible.

- It replaces weak means of protection (like removing the door from the wall - not just another

password storage facility), i.e. REMME makes passwords and PINs obsolete (at least for 80% of

cases)

- Minimizes the human factor (phishing, social engineering, etc.) as there is no password to be

stolen or given out by mistake.

Three key aspects of the REMME solution are:

1) We believe in separation of responsibilities and so we separate the identity layer from the

access layer and focus on solving the challenges around access.

2) REMME PKI (d) protocol - uses a custom blockchain with Bitcoin anchoring and powered by

nodes to assure the stability of the system. The REMME Protocol is distributed as open source

code, so everyone can use it to build their own DApps through the REMME SDK.

3) REMME DApps: REMME WebAuth, REMME Enterprise and REMME for IoT will be developed

during the first stage. REMME mail and REMME sign are planned to be developed during the

future stages.

The platform is built on the basis of a custom blockchain with an anchoring to the Bitcoin

blockchain using X.509 certificates, which use SSL/TLS to protect the entire channel from attack.

The PoS + PoA negotiation is used to combine high bandwidth, scalability, and security.

There is multifactor authentication to provide an additional level of security. In addition, Bitcoin

Anchoring will be connected to improve security. Oracles will update the service’s price [white

paper], [https://ru.wikipedia.org/wiki/X.509], [Https://en.wikipedia.org/wiki/Proof-of-work_system],

[Https://en.wikipedia.org/wiki/Proof-of-stake].

Technical description

Remme will replace the normal passwords with SSL certificate passwords for each device. The

certificate data is managed on the blockchain, which, according to a project representative, would

significantly complicate using bogus certificates for hackers. In this way, these companies will be

protected from cyber attacks, hackers, and violations. In addition, replacing passwords allows you

to resolve errors caused by the human factor [white paper].

Comments: There is a demo version of the platform [https://demo.remme.io/].

Technical Roadmap

As the project and data capacity are being developed, the following steps are planned:

- 1st Quarter of 2018 - Release of public alpha version, security and authentication audit

- 2nd Quarter of 2018 – Addition of a certificate data store, integration for different client systems,

Bitcoin-recording to enhance reliability, open source integration libraries for web sites and web

applications, introduction of 2FA: Signal, Status, WeChat, Trezor

- 3rd Quarter of 2018 - Public testing, integration of Remme Core with Active Directory and

SCADA systems, expansion of the decentralized node ecosystem;

- 4th Quarter of 2018 - Public system release, update of harmonised algorithm, creation of Dapps

for IoT [White paper].

Comments: The roadmap describes a step-by-step strategy for platform development. The team

has a number of technicians, which indicates that it is likely that all planned activities will be

implemented in a time-frame.

There are 2 open modules in the open repository:

- FirstStage_DjangoMiddleware - launch module, if Django + nginx package is connected

- FirstStage_CertificateGenerator - creates a certificate with a digital signature for the REMME

system

There is also the Main module, but it is empty.

Comments: Unfortunately, activity in the various modules is rather low. According to a project

representative, the development was carried out within closed modules and was then made

publicly available.

DOCUMENTS

We have analyzed the Remme site and documentation for sufficiency and consistency to make an

investment decision.

The documentation includes the white paper and privacy policy. The documents are available in

English. The submitted documents describe Remme in sufficient detail, but the development and

market entry strategies have not been disclosed.

The website provides information about the project, the staging of the public ICO, advisors and the

team. The site is available in English. An additional advantage of the site is a link to the demo

version and the product site [https://www.remme.io/].

Summary: The documentation provides insight into the project.

ICO

Tokens to be issued for sale,% 50%

Public ICO Start: Q1 2018

Token type: ERC20

Accepted payments: ETH

1REM price: US$0.04

REM — a utility token which manages all operations in the ecosystem, and serves as a digital key

to access the Remme PKI protocol (d) and the DApps.

REM can be used for the following operations:

(1) Initialization of the certificate creation process (the number of tokens is blocked to cancel

transactions).

(2) Implementing the process of certificate revocation.

(3) Creation of a node (this option will be available after Q3 2018, see RoadMap).

(4) Payment for the transfer of Remme tokens between users on the Remme blockchain.

(5) Payment for cross-blockchain transfer of tokens [white paper].

Token limit: 1,000,000,000

Advantages for token holders: limited-quantity tokens; the tokens are functional which allows

either use of the platform services or selling of the tokens.

The project command assumes us that because more certificates (SSL) will be required, the value

of the token will increase taking into account a limited number of tokens. Because the price of a

certificate is fixed in the currency, it has a non-linear dependency.

Max Goal: $ 20,000,000

Minimum Goal: $ 480,000

Bonuses:

Tokens are sold in several stages:

The Pre-sale will begin on December 4th

The Public sale will begin in the first quarter of the year of 2018 [https://www.remme.io/]

Comments: To receive additional bonuses at the pre-sale stage, the project offers joining the

Remme Family program, further details at https://medium.com/remme/announcing-the-remme-

family-program-5749ac80e59f [White paper].

Token and capital distribution

Tokens and capital are distributed according to the following scheme:

Token and Capital Distribution Scheme

Summary. Tokens do not affect the distribution of shares in the company. The reward

system is set up so that it is more advantageous to buy tokens earlier.

PLANS OF THE PROJECT DEVELOPMENT

- 1st Quarter of 2018 - expansion of the team, launch of Remme's 2018 Pilot.

- 3rd Quarter of 2018 - opening of the London sales office, recruitment of marketing personnel and

personnel for support services;

- 4th Quarter of 2018 - opening of sales office in New York, recruitment of marketing personnel

and personnel for support services.

-1st Quarter of 2019 — opening sales offices in Tokyo and Singapore, recruiting marketing staff

and staff for support services, conducting cybersecurity activities, training future Remme

specialists; [White Paper]

Summary. The roadmap provides a strategy for business expansion. In addition, there is a

partnership with Ukrinmash, Infopulse, Hotmine, and Constitutional Health. However, there

is no description of the methods planned for attracting users.

TEAM

The team consists of 11 people, as well as 4 advisors. Information on the core members of the

team (LinkedIn):

- Alex Momot (https://www.linkedin.com/in/alex-momot-93596b32/) — Co-founder and CEO.

Member of the Supervisory Board at Bitcoin Foundation Ukraine and BDO at Hotmine.io.

Experienced CEO/Founder. Formerly: For 10 years, CEO and founder of Omega-climate.com.ua.

He also has experience as a CEO/Founder/partner/In the following companies, respectively:

Wintaxi, bitx.com.ua, Agro Capital LLC;

- Kate Pospelova (https://www.linkedin.com/in/kate-pospelova-6153a536/) — Head of marketing

and co-founder. Founder & CEO of the Muse Agency. Formerly: Project manager at Squarestudio,

Head of Marketing at Lizard Soft, Marketing Manager at NIKO Trading;

- Roman Kravchenko (https://www.linkedin.com/in/romankrav4/) — CTO. CEO and CTO at

482.solutions. Formerly: Project manager at ITC R&D, CTO at Agri Eye;

- Jan Keil (https://www.linkedin.com/in/jan-keil-2011a61/) — Head of business development Vice

president of Infopulse, and marketing manager at Flux Games and CEO at Osua GmbH since

2001.

There are 7 other people in the team.

Comments: The entire core team indicates its affiliation with the project.

Summary. Only 9 people identify their affiliation with the project on LinkedIn. Members of

the team are mainly from Ukraine. The team also has the following experts: DApp Architect,

system architect, smart contracts specialist, lawyers, public relations specialist, and

community manager. Most of the team members indicate their involvement with other

projects.

MARKETING

Information about the project is available on Twitter, Facebook, Telegram, Medium, Steemit,

Reddit and Youtube. There is a program with functions similar to a bounty program, which

provides an opportunity to gain bonuses in the early stages of the token sale.

The project is covered in social media. News is regularly updated on Twitter. The team

communicates with users via Telegram. The format of articles on the project suggests that they

were primarily ordered by the project.

Comments: Interest in the project is gradually increasing. The main marketing campaign is

deployed on Twitter [https://www.remme.io/].

Analysis of the site’s traffic based on Similarweb.com data showed that:

Traffic Sources (Similarweb.com)

[https://www.similarweb.com/website/tokensale.remme.io]

Comments. 9.23% Direct — link traffic, 89.85% — clickthrough traffic, 0.84% — traffic through

search

Search traffic: 0.84%. 100% – "organic" traffic

Referral Links: 89.85%

Top 3 clickthrough sites: remme.io — 94.15%, icoalert.com — 3.37%, newsbtc.com — 2.48%

Comments: Traffic data is not available on SimilarWeb. However, according to Alexa.com data,

the site traffic is 5 650 persons per month, the number of views is 22 590 The site is most popular

in the United States. The project also has a product site https://www.remme.io [https://a.pr-

cy.ru/tokensale.remme.io/], [https://www.similarweb.com/website/remme.io]

Summary. Based on the data available, it can be concluded that users are not yet interested

in the project. However, the team is conducting an advertising campaign on social media

(Facebook, Twitter), communicating with users on Telegram. There is support from the

press.

CONTACTS

You can contact the developers through the following links:

Website: https://tokensale.remme.io

Twitter: https://twitter.com/remme_io

Telegram: https://t.me/remme

Medium: https://medium.com/remme

Reddit: https://www.reddit.com/r/remme/

LinkedIn: https://www.linkedin.com/company/18131948

Facebook: https://www.facebook.com/remme.io/

Github: https://github.com/Remmeauth

Crunchbase: https://www.crunchbase.com/organization/remme

Bitcointalk: https://bitcointalk.org/index.php?topic=2060387.0

Youtube https://www.youtube.com/channel/UCeSQ8UosUXwII-6JOh7Fi3g

The information contained in the document is for informational purposes only. The views expressed in this document are solely personal stance of the ICOrating Team, based on data from open access and information that developers provided to the team through Skype, email or other means of communication.

Our goal is to increase the transparency and reliability of the young ICO market and to minimize the risk of fraud.

We appreciate feedback with constructive comments, suggestions and ideas on how to make the analysis more comprehensive and informative.