WEEKLY ICO REVIEW
16/10 - 22/10
ETH = $320
ICO starting on 19th of September, ends on 29th ...
ICO starting on 18th of October, when does it end???
Open Source Credit & Big Data Bureau that connects new customers to all existing financial services. There will be blockchain based credit rating
ICO: 60 million tokens in total, 84% percent available, team 8% (locked for a year) + advisors 4%, 1AMM=1USD , hard cap $30 million (market cap $60 million), looking to raise $15 million, bonuses for early purchases available, unsold tokens burned, tokens fuel the platform
Idea: 8/10 - money borrowing and credit on blockchain
Documentation: 7/10 - long whitepaper, nice website, impressive research but why the bad English?
ICO conditions: 7/10 - hard cap a bit high but 84% of tokens available
Existing product: 8/10 - working product that's already used but needs to be switched to blockchain
Team and partners: 9/10 - established big company with clients
Overall solid product made by a big company with huge clientbase. Why the terrible English though?
Short term investment - hard cap is a bit high but market cap is low for the scope of the company, would keep an eye on the contribution amount, there is some hype
Long term - surprisingly impressive potential with emerging markets, might good hold?
Micro Money (AMM) https://micromoney.io/
VERDICT: 7.5/10
ICO starting on 19th of September, ends of 5th of Octob...
ICO starting on 19th of October, ends on 19th of December, presale finished
Decentralised mobile marketplace that will include a mobile advertising network called adNetwork. It will link users directly with advertisers to record any interactions. Basically publishers publish mobile apps, advertisers pick what apps they want to use to advertise and users can be rewarded by viewing ads.
ICO: 100 million tokens in total, 50% percent available, team share 10%, 1 ETH = 290 IBA , hard cap around 52 $million (market cap - all tokens $103 million), soft cap is $10 million - after reaching that number ICO will run for 48 hours more, no bonusess , unsold tokens burned, registration, ETH
Idea: 8/10 - idea is simple yet something that's applicable in real life
Documentation: 6/10 - the documentation and website are okay, nothing special
ICO conditions: 6/10 - very low soft cap is great, 50% of tokens is okay, hard cap a bit high
Existing product: 8/10 - working product that's already used but needs to be switched to blockchain
Team and partners: 8/10 - established fairly big company
Good looking product that's made by a big company with plenty of experience and existing clientbase. Short term investment - keep an eye out for money raised, if it's low maybe invest (high market cap)
Long term - main release planned for Q2 2018 so there might be time to get into it before that..
iBuildApp Network (IBA) https://ibuildapp.io/
VERDICT: 7/10
ICO starting on 21st of September, ends on 28th ...
ICO starting on 18th of October, ending 31st of October
Self-governed investment ecosystem driven by the wisdom of the crowd, tokens used throughout the platform to participate in activites like voting etc
ICO: tokens depend on money raised, 65% percent available, team 15%, 1WIZ=1USD , hard cap $20 million (predicted market around cap $31 million), looking to raise $5 million, bonuses for early purchases available, tokens fuel the platform, payment in ETH, BTC, LTC or cash
Idea: 4/10 - interesting idea but ultimately I don't think democracy works in investing
Documentation: 8/10 - everything nicely documented and explained
ICO conditions: 6/10 - decent conditions
Existing product: 5/10 - video of alpha available but Github almost empty
Team and partners: 7/10 - legit company with legit team
The ICO is fairly solid but I personally don't like the idea of democracy fueled investing.
Short term investment - predicted market cap is low but there is no hype so not sure if buying now it's worth it
Long term - platform launch is Q2 2018 so there is still time to get on board, or buy if you like the idea?
Crowdwiz (WIZ) https://crowdwiz.io/
VERDICT: 6/10
7.5/10 https://micromoney.io/
7/10 https://ibuildapp.io/
6/10 https://crowdwiz.io/