TGO

Capital Analysis

**THIS IS NOT FINANCIAL ADVICE, JUST AN OPINION. DO YOUR OWN RESEARCH

AND HOLD NO ONE ACCOUNTABLE FOR YOUR TRADING ACTIONS BUT YOURSELF**

Project Analysis for Hadron.Cloud

Brief Overview

The Hadron token is an ERC20 utility token to be utilized on the platform by purchasing processing
power, creating a distributed artificial intelligence (AI) supercomputer. The platform allows users to earn
the Hadron token for sharing their idle processors on phone and computers while giving everday users
and businesses and opportunity to access “productivity-boosting” AI resources, neural network models
and services. The potential industry is massive, over 95% of business leaders expect their enterprises to
use AI in some manner but 91% of them report massive barriers with the leading cause be IT
Infrastructure. On the other hand, consumer use cases for Hadron include: automated tagging and
organization of photos, filtering user content, automated social media tagging and AI-assisted image
annotation. The platform allows for in-browser mining. This reaches out to the broadest mining audience
possible. It also helps to reduce the friction of adoption by allowing more users to participate (any device
with a JavaScript compatible browser). Smartphones, tablets, gaming consoles, computers, servers
running a variety of operating systems are some of the devices that could be used to mine of the platform.
The most intriguing part of the platform is that the proportional mining system in place allows people
with weaker machines to still earn Hadron tokens, as opposed to Bitcoin’s system of one miner taking the
entire reward (however, more powerful machines will still take a larger portion of the rewards). The
newer generation of smartphones such as: iPhone 8, Huawei flagships and the Pixel 2 have neural
accelerator chips which substantially boost AI performance, furthering the untapped computing power
available on the market. There will also be prioritized job routing for Hadron token holders. The
weighting is based on proximity, speed and stake meaning that a large coin stakeholder is more likely to
receive quality services compared to an unknown user. It is important to note that the whitepaper
appeared to be more of a marketing tool and all of the token metrics were missing.

Company Background

If DM Tong is who we think he is, he has built large-scale distributed systems at Google for over a
decade. He studied at Stanford where we focused on AI and computer science. David Papandrew has been
a product manager at a couple startups and worked at several tech and media companies in the Bay Area
(both B2C and B2B). Cliff Szu brings experience in community-powered network (at Fanpop) with over
50 million user contributions and millions of visitors. Michael Chu was a developer on the Intel Centrino
Platform at Intel and has been awarded 6 patents in computer vision. He also brings start-up experience
from Fanpop. Lastly, Evan Szu has been a technology product developer for over 10 years in Silicon
Valley and has educational experience in both computer science and chemistry. The team should have no
problem delivering on this technical project.

With regards to the advisors Rob Ferber has experience as the Chief Scientist/Engineer at Tesla and
Hyper loop One, respectively. David Galvan has over 25 years of business and operating experience and
worked as the VP of Business Development at MasterCard. Patrick Ryan is the Strategy and Engineering
Principal for Google Apps and has experience at Google as well. They also have a medical professional in
Dr. Jeff Chi who is an advisor for medical applications of Hadron for research opportunities and Stanford.
 TGO Capital Analysis

The advisor group is filled with some brilliant minds in Silicon Valley, with startup experience and
successful exits, along with industry connections.

Investment Analysis **but not advice**

The utility for the tokens are that consumers (both individuals or enterprises) can purchase computational
power to perform AI computing problems. The miners receive the tokens as reward for offering their
idling device’s processing power through an in-browser mining solution. The incentive is with the miners
to hold onto their tokens rather than flipping them as there is a weighted portion that looks at total tokens
staked and length of time the user has had them to distribute jobs on the network. This means that miners
with a larger number of tokens staked will receive higher quality/paying jobs.

Currently, mobile processor performance can be compared to that of an i7-6600U, in other words you
would require 6 – iPhone 5s to have the processing power of a modern desktop computer. As the
technology develops the ratio will get closer to 1:1 meaning that even with a small number of miners the
network could provide a large amount of computing power.

This project has minimal information; there are no technical aspects to the whitepaper. Extremely early
stages it appears, we could definitely add value to the project in this regard.

Catalysts

There is no roadmap.

Investment Risks

The top risk factors include:

• Small businesses or enterprises are incentivized to find/use the platform allowing for miners to be
profitable and see tangible returns.
• DM Tong is Simon Tong, the profiles match but the pictures are different. It is possible that there
is a non-compete clause in his contract at Google as he is developing code and applications in the
same field. He really brings this project together and is a key player
• Live demo is not relevant to the scale of the project, if they do rely on 5G networks, the adoption
for mobile miners could be halted until 2019 or 2020.
• Old GitHub 404s and the new GitHub is empty