Overview

  • Country Estonia
  • CategoryFinance/ Banking Platform

ORCA will be the first platform of its kind to globally integrate both banking and cryptocurrency accounts, as well as spearhead the growth of the crypto economy.

Project stage

Prototype

Detailed description

The ORCA Platform is the principal tool that the ORCA Alliance utilizes in pursuing its mission. The platform provides the technology needed for capturing the synergy that arises from cryptocurrency service aggregation, community engagement and mainstream adoption. The ORCA Platform includes the following solutions:

An Open Banking Platform
A solution to financial data from diverse sources including banks, crypto wallets and financial exchanges. This entails the merging of crypto wallet accounts with regular banking accounts, and provides ancillary infrastructure for monitoring, measuring and suggesting to each user the best course of action.

An Account Overview Interface
An easy-to-understand visual depiction of the user’s financial situation. Information such as asset allocation, portfolio performance, portfolio volatility, investment strategy and so on is available at a glance. This will give the user an instant snapshot of their position, and will facilitate and simplify the decision - making process.

ORCA AI
'Machine learning algorithm'-based analysis of customer data and financial activity to provide effective financial management feedback to both customers and financial service providers.

ORCA App Center
The "Google Play" of the crypto world, where apps are developed, showcased, tested and monetized. Developers, testers and reviewers will be rewarded.

Quest
A community of crypto developers and consumers focused on developing new apps, fostering blockchain innovation, solving problems, co-funding opportunities and contributing to the ORCA community.

ORCA Tokens
The fuel of the ORCA Platform: used to reward community users, finance startups, purchase services and serve as a payment medium.

Problem

Obstacles to the use of cryptocurrencies
Despite the proliferation of cryptocurrency portfolios and trading accounts, the use of cryptocurrencies for the purchase of goods and transfers of funds remains extremely limited. This is often due to a lack of payment options and high transaction fees.

An uncertain regulatory environment
While many developed countries (including Australia, Japan and the UK) have fully embraced and are regulating the use of cryptocurrencies, in most countries cryptocurrencies exist in a legal vacuum. This is slowing down use and adoption since the legal implications of owning and using cryptocurrencies remain largely unclear to consumers. There is also a need for community engagement to properly explain to the public differences in national policies and the ongoing introduction of new regulations. That would permit rapid and sustainable growth of the cryptocurrency economy.

Lack of knowledge
Most people in most countries have a very limited understanding of the technical capabilities of cryptocurrencies. Even if their use for trading is widespread, the majority of users have little knowledge of the potential benefits of blockchain technology or the advantages that cryptocurrencies offer for the global economy.

Consumer safety issues
A number of events in 'crypto space' in recent years have left consumers wary of the potential dangers of owning cryptocurrency. Most notable are the DAO hack and the collapse of the Mt. Gox exchange. Such events have sparked uncertainty about whether cryptocurrency portfolios are safe from cybersecurity threats, online scams and other fraudulent activities. Without a doubt, the creation within the EU of a legislative framework that oversees, protects and regulates the use of cryptocurrency is of paramount importance for supporting both its growth and adoption.

Solution

The resolution of these issues would accelerate the adoption of cryptocurrencies as a form of payment , thereby laying the foundations for the future crypto economy. ORCA’s goal is to create an Open Banking platform that will not only ensure that this transition happens sustainably, but which will also allow its users to benefit from increasing integration of crypto financial services with the existing financial system. The ORCA Platform provides an accessible and user-friendly interface for consumers to fully benefit from innovation in financial and cryptocurrency services. For the sake of achieving mass adoption, the Alliance has intentionally been established in the European Union and operates within its borders (Estonia and Lithuania, for example). The platform is thus subject to all the applicable national and EU laws and regulations.

Features

The ORCA Dashboard's advanced algorithms provide users with the parameters they need to manage a wide range of financial services. These include:

  • Cash Account Info Aggregation: An aggregated, instant snapshot of the financial status of the user’s accounts.
  • Forecast-Based Savings: Shows user possible savings scenarios based on interest rate changes, personal income and variations in asset returns.
  • Asset Categorization: Assets are classified based on a wide range of parameters, including geography, liquidity, sector, technology, etc.
  • Savings Rules: Allows a user to make savings and investments decisions based on pre-set parameters, risk tolerance, financial objectives and account transaction volumes.
  • Rebalancing: Continuous monitoring of portfolio performance and weights with suggestions for rebalancing based on the user’s risk profile
  • Trend Indices: Scans and finds products and investments that meet predetermined parameters for performance, sector, region and so on.
  • Event Monitor: Scans for extraordinary account inflows and outflows and triggers alerts.
  • Efficiency Curves: Compares the risk and performance of financial instruments and investments in order to identify those with the best risk-reward ratio.
  • Portfolio Aggregation: An aggregated, instant snapshot of the financial status of the user’s investment portfolio(s).
  • Stress-Testing Algorithm: Simulates a variety of market scenarios and their potential impact on user’s portfolio.
  • Portfolio Transition: Suggests assets to buy/sell in order to improve portfolio performance. 
  • Risk-Bearing Capacity: An algorithm which calculates the user’s propensity for risk and their financial capacity to bear it. 
  • Target Savings: Defines desired savings goals and proposes scenarios for how to reach them. 

The dashboard's advantages are a result of its AI programming characteristics. These features make the platform:

  • Customizable - easy to configure based on the user's profile.
  • Connected - algorithms communicate with each other, providing real-time feedback.
  • Intelligent - state-of-the-art algorithms are supplemented with machine-learning protocols.
  • Data-savvy - algorithms are fed by multiple data sources.
  • Discreet - software ensures the user remains anonymous and truly secure while using the platform.
  • Targeted - modules are modeled around the client’s individual strategies.
  • Low-budget - a modular system keeps costs down.
  • Compliant - fully complies with EU laws and banking regulations.
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : ORCA
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 14,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC777)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :460,000,000 ORCA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :277,000,000 ORCA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Canada, China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    All unsold tokens will be burned.

      • Token Distribution

          Vesting notes

          • ORCA founders, developers and advisors: Founders tokens locked for 12 months, Advisor tokens locked for 6 months
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale Round 2 — Active
      27 Aug 00:00 UTC
      NA No - Uncapped Uncapped
      Public sale Round 1 — Ended
      06 Aug 09:00 UTC
      08 Aug 00:00 UTC
      0.06 USD 10% - 20% - Uncapped 277,000,000 ORCA
      Private Sale — Ended
      22 Jun 00:00 UTC
      05 Aug 00:00 UTC
      NA No - Uncapped Uncapped
      • Team

        • Natan Avidan photo
          Natan Avidan
          CEO / Founder
        • Vachtangas Babunasvili photo
          Vachtangas Babunasvili
          CBDO / Investments
        • Laurent Bourquin photo
          Laurent Bourquin
          COO
        • Darius Lengvinas photo
          Darius Lengvinas
          Legal Compliance Specialist
        • Gytis Trilikauskis photo
          Gytis Trilikauskis
          Marketing Strategist
        • Robertas Skiauteris photo
          Robertas Skiauteris
          Communication Strategist
        • Kotryna Žukauskaitė photo
          Kotryna Žukauskaitė
          Head of Inner Communication
        • Adomas Pivoriūnas photo
          Adomas Pivoriūnas
          Data Coordinator
        • Mindaugas Kelpša photo
          Mindaugas Kelpša
          Concept Developer
        • Lukas Litvinas photo
          Lukas Litvinas
          Project Manager
        • Indrė Miciulevičiūtė photo
          Indrė Miciulevičiūtė
          Project Assistant
        • Dmitrij Radin photo
          Dmitrij Radin
          CTO / Co-Founder
        • Linas Būtėnas photo
          Linas Būtėnas
          AI / Data Mining Expert
        • Evaldas Alčauskis photo
          Evaldas Alčauskis
          Full Stack Developer
        • Vilius Jasinskas photo
          Vilius Jasinskas
          Full Stack Developer
        • Martynas Kraujalis photo
          Martynas Kraujalis
          Back End Developer
        • Tadas Bešlovas photo
          Tadas Bešlovas
          DevOps Engineer
        • Mindaugas Lazauskas photo
          Mindaugas Lazauskas
          Front End Developer
        • Paulius Alaunė photo
          Paulius Alaunė
          Front End Developer
        • Mark Kaverkin photo
          Mark Kaverkin
          Art Director
        • Daumante Sinkeviciute photo
          Daumante Sinkeviciute
          Graphic Designer
        • Simonas Liutika photo
          Simonas Liutika
          Animation/Graphic Designer
        • Gabrielė Šadzevičiūtė photo
          Gabrielė Šadzevičiūtė
          Copywriter
        • Dominykas Stelmokas photo
          Dominykas Stelmokas
          Spiritual Guru
      • Advisors

        • Joe Buttram
          Blockchain Advisor
        • Sishir Varghese
          Strategy Advisor
        • Steven Sprague
          Cybersecurity Advisor
        • Steen Trondhjem Nielsen
          Banking Services Advisor
        • Vytautas Kubilius
          Mentor for Marketing
        • Martin Samami
          Tech Advisor
        • Rytis Bieliauskas
          Blockchain Advisor
        • Mažvydas Mackevičius
          Ethereum/Solidity Advisor
        • Jaro Satkevic
          Blockchain Advisor

      Roadmap

      • May 2017

        ORCA was founded

      • Oct 2017

        ORCA PoC

      • Nov 2017

        Mass Adoption campaign

      • Dec 2017

        Round table in EU Parliament

      • Feb 2018

        ORCA MVP

      • May 2018

        Early call for service providers

      • July 2018

        ORCA closed beta

      • Sep 2018

        ORCA Platform beta

      • Jan 2019

        Official launch of ORCA Platform

      Activity