Haha it depends on what you consider "it" to be.

Phase 1 is distributing Cache and building some great tools for our Cache users over the next few months. This has to be on NEM v1 (NIS1). I don't mean to sound presumptuous, but we are rather tired of all the ICOs and "another" blockchain projects. We want to build products and we want to get it in the hands of people now. We want to monetize now, and we want our audience to monetize now. We don't want hype, speculation, or to even be talked about by all the crypto experts on Twitter. We want to build useful tech that we can deliver now and then grow it like a business - we know how to run a business (and be profitable).

Also, we are using NEM v1 and Catapult (NEM v2), not replacing it. We are building layers on top of it. We are some of the biggest NEM fans out there.

Lastly we are a business and startup. Startups move fast, and are very aggressive. Also we are headquartered in the United States. NEM has struggled to make a presence here. We think we can help spread NEM tech to USA with Blockstart. NEM is a foundation and will never be able to move as fast as a business. This is okay and a good thing. So I see what we are doing as needed and I think we have synergy with NEM.

A Common Scenario

To better answer your question, consider this scenario:

"I am a business and know I that I need to decentralize critical data. My customers are calling for it. Also I think assets would be great for my product, allowing users to buy and sell and trade them. I can see ways to monetize on them and grow my business. Unfortunately getting started with blockchain is far too complex. I also don't have the budget to hire expensive blockchain developers".

Ok so we all know this company probably first looked at Ethereum. It likely terrified them. Then let's say they found NEM (which isn't easy to find).

On NEM's website they will see things like:

• multisig
• smart contracts
• Eigentrust
• modular Smart Asset system
• Proof of Importance

A business unacquainted with blockchain will become confused and overwhelmed. They were interested in serving their business needs, but they were served technical jargon that even their best Javascript developers wouldn't understand.

Now consider even just the current version of https://blockstart.io:

The Sale
So if a business is looking to create their own cryptocurrency for their own purposes, and they find nem.io and blockstart.io - which of those two websites are they likely to try first?

I'm not trashing NEM here, but blockstart will win every time - why? Because we know developers, we know training (how to make them successful), and we understand SaaS and business. NEM is focused on building robust technology, we are focused on getting that tech into into the hands of developers and businesses and we have the power to do it.

 NEM is catering to people IN the blockchain ecosystem. Blockstart is focused on everyone outside of that circle.

Final Thoughts

There is no competition with NEM. We can't operate without NEM. We are actually going to help NEM gain more awareness. We move VERY fast.

- Mark (CEO)

Glad you're excited about the bounty program! It will be fun to see how people contribute and spread the word. 😁 Thanks for the support. Feel free to ask any questions here.

You're welcome! Thanks a ton. 😁 Appreciate the support.

Definitely! We currently have a JavaScript SDK that lets you use Cache wherever JavaScript is implemented and you can see that here: https://github.com/cache-official/cache-typescript-sdk

We're also really excited to develop iOS (Swift), Android (Kotlin), and Unity SDKs for Blockstart so that developers in those realms can utilize blockchain tech.

The developers and startups outside of the blockchain world that would benefit from blockchain technology are our focus here.

Thanks! Glad you're excited. We will have news shortly announcing our bounty program. Which bounty services are you most interested in?

So Devslopes platform will go open source, and then become decentralized.

Open Source

We will open source the front-end which is an Electron App written in React + TypeScript + GraphQL

We will open source the back-end which is Node, Express, TypeScript + GraphQL

This means any company can launch their own video platform/learning app - they just need to plug in their own video content.

This means that the community can vote on features to build into the main platform, and then they can build it.

Devslopes Decentralized

Currently Devslopes stores video on Vimeo. Vimeo is blocked in many countries (and Youtube and AWS).

We are going to decentralize video. We are prototyping ProximaX right now for this. Basically you would choose what videos to download, download them, and then can watch them. Delete videos from the platform when you no longer want to watch them.

We also want to decentralize meta data.

We will be one of the first major learning platforms to be 100% fully decentralized and censorship resistant.

Interesting approach of the project. I like the idea of opening up the Catapult blockchain to a lot of developer of develops. But it´s actually quite hard to see the full idea behind the project especially in regards of the usage of the NEM Blockchain. The built functions are open source but working on a separate blockchain and not as a layer on NEM right?

And what will happen with the unsold tokens in the token sale, since its not planned to burn them right?

Pretty exciting projects on the horizon. But why should I buy cache? And will there be a way developers can earn cache in the future? Thanks!

You forgot the second half of the sentence. "We move fast, and break things". That is how startups advertise nowadays.
Maybe not the best approach when dealing with blockchain technology and other people's money raised through an ICO.

Your planned changes to the harvesting mechanism for example would tamper with a crucial component to secure the network.
Why would you think that you can do this better than NEM devs who already have years of experience in this field 

Yes, we have KYC through Coinbase and are implementing some other KYC forms etc