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ICO Analysis: BolttCoin

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Physical activity plays a very important role in our health and fitness. Most people know this but do little about it because of our busy lifestyles or lack of motivation. BolttCoin is aiming to change this by building a platform to reward you for taking steps to better health and fitness. Boltt is already an established company founded in 2015 and has become a leading mobile health tech company in the area of gamified health applications and wearable technology. Boltt has won many top awards including the category of wearable technology 2017 Frost & Sullivan Companies to Action Award.

The launching of the gamified fitness platform BolttCoin allows users to mine BOLTT tokens from walking and verified by “Proof of Steps”. BOLTT tokens are utility tokens that can be traded, used to make purchases on a large partnership ecosystem, and can be used by companies to link to their existing loyalty programs. Health insurance companies can even use BOLTT in the form of discounts for their policyholders.

There are many potential use cases for companies, brands, celebrities, etc. such as encouraging more engagement, creating loyalty, and promoting better health for employees/followers. One example is the platform has an open API enabling anyone to organize customized tournaments or challenges that can be used by brands, retailers or celebrities to have more engagement with their customers and followers.

BolttCoin makes use of dual blockchain technology based on Waves and Ethereum blockchain protocol to record the individual health records, marketplace, exchange, and wallet transactions. In addition, it utilizes several other technologies to develop the mobile app, business logic and admin backbends ensuring the speed, security and mass adoption. It also provides APIs for other systems based on Waves protocol to easily communicate with the BolttCoin ecosystem.

The core components are listed below:

  • Boltt health reward engine: Earn/mine Boltt tokens with steps and personal health achievements.
  • Boltt engagement and gamification: Challenges, tournaments, and games from sponsored brands, celebrities and corporates to reward participants. In addition, it enables merchants to create loyalty programs on the Boltt platform.
  • Boltt decentralized marketplace: Product listings and sales as well as offline shops, insurance benefits, utility bill payments, entertainment bookings and more.
  • Boltt identity management and health ID: Digital identity for individual users. One global health ID on the Blockchain that provides a higher level of security and privacy and available on demand.
  • Boltt crypto wallet: Hold fiat or multiple cryptocurrencies, multiple top up and cash out options, money transfer, bill payments and a decentralized exchange.

Token

BOLTT is a utility token that can easily be mined by simply taking daily steps. Download the BolttCoin App, take the steps and mine the currency. BOLTT tokens can then be used to purchase different goods and services across the In-App Boltt shop.

BolttCoin will be one of the first cryptocurrencies to be simultaneously issued on the Waves platform and the Ethereum platform. Boltt tokens will be interchangeable from one blockchain to another using technology comprised of a web interface, locked wallets and smart contracts on the Ethereum side. Dual blockchain provides stability and flexibility, and BolttCoin holders will be able to use the advantages of both platforms.

The private sale began May 20, 2018 and will run till June 10, 2018. During the private sale there are FOUR different bonuses available: 20% for contributions between 0.1-100 ETH, 30% for contributions between 100-500 ETH, 40% for contributions between 500-1500 ETH, 50% for contributions above 1500 ETH. An additional 5% bonus will be given to white-listed members during the private sale. The pre-sale will begin immediately after the private sale ends. During the pre-sale, there will be FOUR different bonuses available: 10% for contributions between 0.1-100 ETH, 15% for contributions between 100-500 ETH, 20% for contributions between 500-1500 ETH, 25% for contributions above 1500 ETH. The public sale is scheduled for Aug 1, 2018 – Aug 30, 2018, in which there isn’t a bonus or minimum investment amount. All unsold tokens during pre-I CO and ICO rounds will be automatically burned.

The token distribution is as follows:

  • 59% Crowd Sale
  • 9% Founding Team (Locked for 1 year)
  • 7% Strategic Partners
  • 6% Advisory Board
  • 6% Bonus
  • 5% Steps Mining
  • 5% Corporate Issuance
  • 3% Bounty Program

The token sale allocation is provided below:

  • 28% Technology & Blockchain
  • 17% Operations & Legal
  • 16% Global Expansion & Collaboration
  • 15% Business Development
  • 12% Marketing
  • 12% Reserves

Team

According to the BolttCoin website, the team has 36 members on board, which includes blockchain developers, data scientists, mobile ops, backend/frontend developers, marketing experts, platform engineers and operations professionals. They list six executive team members along with their LinkedIn links:

Arnav Kishore – CEO and Co-Founder

  • CEO – Boltt Sports Technologies
  • Former Co-Founder & CEO – Globalite

Sahil Goel – Chief Product Strategy and Co-Founder

  • CEO – Kraftly
  • CEO & Co-Founder – Bigfoot Retail Solutions
  • CEO & Co-Founder – KartRocket

Rajesh Bhatia – Financial Advisor and Co-Founder

  • Former CEO – JSPL

Gurdeep Singh – Director Strategic Alliances and Co-Founder

  • Member Board of Directors – Hometech Smartvalue
  • CEO – Reliance Communications
  • Former COO – Aircel

Lalit Kishore – Chief Strategy Officer and Co-Founder

  • Former President & Partner – SSIPL Lifestyle

Aayushi Jugasia – Co-Founder

  • CMO & Co-Founder – Boltt Sports Technologies
  • Founder – Globalite

They also list a legion of all-star advisers, such as:

  • Sally Eaves: Sr Adviser for Executive and Technology Team
  • Ian Scarffe: Chief Investment Adviser who played a role in helping several multi-million-dollar ICOs
  • Simon Cocking: Chief Strategy and Public Relations Adviser; Co-Founder & Senior Editor – Irish Tech News; Editor in Chief – CryptoCoinNews; currently ranked #1 / 18,000 “People of Blockchain”
  • Warren Whitlock; Blockchain Expert & Social Influencer; ranked #27  100 Most Influential Blockchain People in the World; CEO and Founder – Ochen Publishing; Author of Twitter Revolution
  • Jennifer Grayson; Healthcare & AI Expert; named 1 of 8 top Women in Crypto; CEO – Powered by NeurealSM

Verdict

This is a multi-billion dollar industry with millions of people using wearable health tracking devices and mobile apps. Earning Boltt tokens to do so should be enticing to many which could translate to great success for BolttCoin. Adding gamification, a decentralized marketplace, identity management and a crypto wallet, BolttCoin is an intriguing blockchain project with tremendous upside.

Risks

  • Major companies with immense resources, such as Fitbit, are sure to implement blockchain technology in the future and compete directly with BolttCoin. -1.5
  • The team mainly comes from the same company, Boltt, and currently doesn’t possess an all-star member in the cryptocurrency space. -0.5
  • Investors prefer to see lockup periods for ICO team members and advisers, which gives the perception of long-term commitment. However, there is no lockup period mentioned for tokens allocated to the BolttCoin team and advisers. -0.5

Growth Potential

  • BolttCoin has tied up with several large and well-known partners that, in their essence, are some of the world’s most significant corporate entities. +4
  • The amount of hype and awareness surrounding an ICO does have an impact on their initial success or failure. BolttCoin is succeeding in this area with multiple high rankings online as well as large Telegram, Facebook and Twitter numbers. +3.5
  • Tracking health and fitness via wearables and mobile apps is a business model in which Boltt has already found success in and should improve upon with BolttCoin. +2.5

Disposition

An existing company that has already had success in the area in which it is transferring to the blockchain starts with a major headstart over competitors who are starting from scratch. Boltt aims to add their large active user base to BolttCoin which would translate to instant implementation, adoption and success. Also, with the trend of more and more people looking for ways to improve their health, BolttCoin is poised to capitalize on this massive market. As such, the project receives a rating of 7.5 out of 10.

Investment Details

  • Symbol: BOLTT
  • Type: Utility
  • Protocol: Waves & Ethereum
  • Price: 1 BOLTT = 0.00025 ETH
  • Hard Cap: 25,000 ETH
  • Total Supply: 170 Million BOLTT
  • Payments Accepted: BTC, ETH, USD, EUR
  • Private Sale: May 20, 2018 – June 10, 2018
  • Pre Sale: June 11, 2018 – July 20, 2018
  • Public Sale: Aug 1, 2018 – Aug 30, 2018

For more information regarding Boltt:

Website: https://bolttcoin.io/
Telegram: https://t.me/BolttCoin
Twitter: https://twitter.com/bolttsports
Facebook: https://www.facebook.com/bolttsports/
LinkedIn: https://www.linkedin.com/company/boltt-sports-technologies-pvt-ltd/
YouTube: https://www.youtube.com/channel/UCQh4jrmKaQdNlY_wsrCBAuQ

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 43 rated postsKent Hamilton - ICO Analyst on Hacked and Founder of CryptoDayTrader.io - ICO Insider Info




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ICO Analysis: 0xcert

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Up to this point, one of the main features of any cryptocurrency has been fungibility. Fungible means each token is divisible and identical, any token can be exchanged for another of the same type and no one token holds unique data. On Ethereum the standard for fungible tokens is called ERC20. Recently a new standard of non-fungible tokens called ERC-721 was developed. Unlike ERC-20 identical tokens, the non-fungible tokens are unique and carry data.

Crypto Kitties was one of the first ERC-721 tokens and was so popular it clogged up Ethereum. Crypto collectibles are just the very tip of the iceberg when it comes to non-fungible tokens. Real estate info, auto registration, diplomas/certificates, IDs, etc. can all have their own unique information stored into a token.

What non-fungible tokens need now is a protocol for companies to easily build from. 0xcert wants to be that protocol.

0xcert is an open source, permissionless protocol for validating the existence, authenticity and ownership of digital assets on the blockchain, translating one-of-a-kind digital or real-world assets into non-fungible tokens.

According to the company:

“With 0xcert, you can build on top of the non-fungible token standard, employing a complete toolset, development framework, and a set of conventions for various use cases. This results in shorter development time, lower risk and cuts cost associated with developing blockchain solutions. A wide range of decentralized applications and business models can be supported, giving companies the power to fully utilize the potential of blockchain technology.”

 

 

The 0xcert ecosystem is made of four different parts:

  1.  0xcert Labs: Will work on the latest innovation in the space of non-fungibility, decentralization and blockchain tech.
  2. 0xcert Protocol Development: 0xcert protocol is an open-source project. The team plans to implement a full DAO for protocol governance, which would completely empower the developer community.
  3. 0xcert Protocol Users: A lot of the team’s energy and resources will go into ensuring adoption of oxcert technology.
  4. Non-Fungible Alliance: A collaboration hub for building real-life applications.

Token

The 0xcert protocol provides a layer of conventions for creating non-fungible tokens from unique assets. These tokens are called Xcerts and are created through a custom minting process. Xcerts are a standardized and certified non-fungible token based on ERC-721 and 0xcert conventions that carries information about a particular unique asset. This mechanism is unique to the 0xcert protocol. The protocol allows for proof of existence, authenticity and ownership of these assets without third-party involvement.

The 0xcert protocol also makes use of a fungible ERC-20 utility token, called ZXC. Xcerts are all unique tokens that carry certain information, whereas ZXC tokens are uniform and are used for various utilities

DApps developed by Oxcert may use the ZXC token as the basic liquid asset for these dapps to operate on the protocol – similar to gas on the Ethereum blockchain. Some other use cases within dapps that may use ZXC include: bidding, granting access, rewards, loyalty programs, staking, etc.

 

The token distribution is as follows:

  • Crowdsale: 47%
  • Founder/team: 15%
  • Community pool: 12%
  • Reserves: 10%
  • Adviser/legal: 6%
  • Liquidity Pool: 5%
  • Pre ICO: 3%
  • Bounties: 2%

The allocation is provided below:

  • Marketing 15%
  • Development 50%
  • Legal 10%
  • Operation funds 10%
  • foundation fund 10%
  • Setting up the foundation 5%

Percentage of tokens going to contributors in all token sale stages: 50%

Lock-up for Founders: Locked for 6 months then 12.5% and 12.5% every three months.

Lock-up for Team: 20% released at ICO and 15% every three months after ICO.

Lock-up for Advisers: 20% at ICO, 40% in three months, 40% in six months

Lock-up for Reserves: 2 years

Team

The team is well organized/structured so far. There are 20 team members, mostly from Ljubljana, Slovenia. They look very young for the most part.

The 0xcert team’s mission is to empower developers with tools and useful applications of non-fungible tokens. They will also provide a foundation for trustless, certified, non-fungible tokens on the blockchain.

CEO Jure Zih was Director of Marketing from 2013-2016 for Databox, an app that serves as a personal data assistant, helping business users pay attention to what matters. They have 35 employees listed on LinkedIn. After that, he spent six months as an analytics and growth consultant for Doctrina, a pharmacy-related tech business he helped scale to over 50,000 pharmacists.

CTO/Founder Kristijan Sedlak was the CTO at the same place Jure Zih worked, Doctrinca.  Kristijan has been CTO of five different companies since 2006.

COO Mitja Pirc is a professional startup adviser. Previously he was a manager at A.T. Kearney, a huge global management consulting firm in Chicago.

Luka Kacil is the Senior Blockchain Developer. He spent three years as COO for APPMonster.

Eight advisers have been listed so far. They look pretty strong; perhaps the most important is the lead author and developer of ERC-721, William Entriken.

Verdict

ERC-721 non-fungible contracts have opened the door to all kinds of new innovations in crypto. 0xcert has a great idea for a protocol that extends this standard, making it easy to develop certified and standardized non-fungible tokens with a set of on-chain and off-chain rules, libraries and conventions for digital certificates on blockchain.

“0xcert is dealing with the application layer where developers need to act fast and agile. In order to ensure interoperability among applications in the future, Xcerts follow specific conventions. This will prevent incompatibility on a higher level, which might happen if every NFT issuer deploys their own version of an industry standard. Having this level of standardization built on top of a strong ERC-721 standard prevents high level fragmentation and safeguards long-term sustainability”

Risks

  • Kristijan Sedlak has been the CTO of at least five separate companies since 2006. This makes it seem like all he does is start-ups. Will 0xcert just be another company on his list? -1
  • When asked in Telegram, “How will 0xcert be able to scale on ethereum with all the slow transactions and high fees?”The reply was very standard: “the protocol is currently being built on Ethereum, but is blockchain agnostic.” This seems too convenient of an answer. ERC-721 tokens are a completely new idea, so it seems like making them blockchain agnostic will be really really hard to do. -2
  • The team seems pretty weak for such a challenging project. Nothing in their leaders resumes confirm they have what it takes to build this bleeding edge technology. -2
  • They lose half a point for this video. -0.5

Growth Potential

  • Possible use cases include identity, certificates, academic credentials, artwork ownership, deeds, land titles, collectibles, etc. +3
  • The smaller $10 million hard cap leaves so much room for growth. +4
  • They have an Ecosystem Growth Pool. Twelve percent of the entire token supply (community pool) and 10% of funds raised (ecosystem) will go towards the growth of the 0xvcert ecosystem.+2
  • If this protocol is successful, there will be endless dapps using it in the future. +3

Disposition

Non-fungible tokens on the blockchain is such a revolutionary idea. Its just a matter of time before competition to lead this space heats up. So far it looks like WAX and 0xcert are the two front-runners.  6.5/10

Investment Details

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.3 stars on average, based on 22 rated postsJoshua Larson is also known as the "Bullshit Man" for his ability to spot it a mile away. Avid ICO researcher and contributor. Former professional poker player/backer. Spent 10 years analyzing hand history, stats, and player data. Discovered blockchain in late 2016, and never looked back. He now uses his analysis skills to investigate ICOs full time. What a perfect match, because in today's crazy world of ICOs, information, passion, and diligence = dollar bills!




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ICO Analysis: Uulala

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Uulala offers a payment, remittance and micro-credit solution to the underbanked population in Latin America. The Uulala platform provides individuals in the U.S,, Mexico and Latin America the ability to participate in secure financial transactions, create a credit profile, make money transfers, as well as receive access to entertainment and participate in e-commerce, which they could not access before due to limited banking infrastructure.

The market for remittance is growing due to the situation in the economies of the world, trends in the development of migration processes and the level of unemployment. Total money transfers in the U.S. amounted to $429 billion in 2016.

Latin America and the Caribbeans are the only regions in which the growth of remittances was noted in 2016. According to the assessment, their total amount was $73 billion U.S. dollars (6.9% more than in 2015).

According to the World Bank, the average commission on transactions in the world is 7.45%, and in many remittance corridors apply significantly higher rates, which can reach 15%.

Uulala plans to take advantage of mobile money transfers through thousands of points of deposit of funds and through their Power User program. Their platform will also offer value-added services, such as entertainment products, the ability to replenish the balance of mobile phone, paying invoices abroad, forming a credit profile and cashback.

In addition to this, Uulala has filed a patent for in-house developed dynamic method fragmentation, which involves cryptographic data splitting into unique segments, the use of an error-prone Reed code – Solomon and the algorithm for calculating the checksum.

The company will create and track users credit profile, which will allow opportunities for micro-crediting platform that links creditors and lenders.

Overall, the company plans to offer a set of services in one application through an affordable and easy to use platform.

Competitors’ Market Landscape

The most significant competitors are Stellar, Trinity Network Credit, Monetha and Graft.

Traditional companies involved in remittances include Western Union, Paypal and Moneygram.

The project has a fully working MVP and is planning to release a fully working product after the crowdsale.

Token

The token Metrics are outlined below:

  • Soft Cap: 5m USD
  • Hard Cap: 50m USD
  • Total Supply: 750,000,000 UULA

The token distribution is outlined below:

  • 33% (250,000,000) – private sale participants
  • 33% (250,000,000) to he distributed to public sale participants
  • 10% (75,000,000) reserved by the Company to incentivize community, user adoption and strategic partners.
  • 10% (75,000,000) to be distributed by the company to appropriate founders and early investors at the company’s discretion.
  • 14% (100,000,000) to be distributed by the company to users of the Uulala platform through a referral and rewards program on the platform.

Any unsold tokens in the private sale will go into the public sale.

All unsold tokens from the public sale will stay on the Uulala platform held by the Company for sale only on the platform program

Token sale metrics are provided below:

Private pre-sale

  • 2 million – 2 cents
  • 3 million – 4 cents
  • 5 million – 6 cents
  • Cap – 10 million
  • Token allocation : 250,000,000

Public pre-sale

  • 3,333,333 USD – 8 cents
  • 3,333,333 USD – 10,000,000 USD – 12 cents
  • Cap – 15m
  • Token allocation: 125,000,000

Public sale

  • 5m – 13 cents
  • 2m – 17 cents
  • 18m – 28 cents
  • Cap – 25m
  • Token allocation – 125,000,000

Uulala will use part of the proceeds it received from the commission to buy back tokens the user.

Team

Two executive team members stand out in particular.

Oscar Garcia, CEO

Background – IT, Entrepreneurship

Relevant experience and achievements:

1) SEO Experience in Explore talent – creating online sales channels
2) Created web90x – e-commerce company
3) CEO in Batched – platform for services used by online merchants (mainly processing)

Oscar has relevant experience in programming and business development. It is clear that he has an understanding how to work with merchants and payment processors. Based on his contacts he is creating Uulala. He also has experience running a company, which alone is important.

A major issue is that he does not have experience implementing global projects.

Frank Dicrisi, COO

Background – Statistics

Relevant experience and achievements: COO in Atlantic Pacific Processing Systems, Inc. (payment processor).

Frank has a relevant experience, education and connections.

Alan Alvardo, CTO

 

Background: IT
Relevant experience and achievements: Ten years experience in IT; especially noteworthy are his jobs at Ktapulta Ventures and Opencap (both companies are involved in financial services in Mexico).

Verdict

Uulala offers a traditional use of blockchain for payment facilitation. The project is rather ambitious, has a clear business strategy and focus on the LATAM. The team is educated and has the necessary connections with the payment processors, electronic payment providers and merchants.

Risks

  • The token use case is supplementary. -0.5
  • There is quite a big difference between private sale price and public sale prices. -1.5
  • Competition is rather fierce in this segment. Finance is the first sector that has been disrupted by lockchain. -1.5
  • Low hype level. It seems they are mainly focused on regional marketing and do not have big brand awareness inside global crypto community. -1
  • The token will be harder to list with the multichain tokens on the exchanges. -1
  • Had cap is rather high for the current market. -1

Growth Factors

  • Idea and business case are clear. +1
  • The company has provided potential sales projections. Judging from the number of users they plan to have, their network can achieve a very high transaction volume and capitalization in the long term. +1
  • A focus on Latam, with relevant connections in the industry can allow Uulala to penetrate market fast. +2
  • MVP is available, and they are planning to launch their app after crowdsale. +3
  • Buyback mechanism is in place. +1
  • The company has managed to secure several relevant partnerships like YipTV (streaming service), Federal Consumers Association (which can bring a lot of users for their platform) and Bitlumens (provides lending options). +2
  • Team is above average, well built and educated with a relevant connection in the industry. +1.5

Disposition

Uulala has a noble vision of providing financial services in unbanked regions with a focus on LATAM. They have a team with the necessary skills and background as well as partnerships to back them up. However, there are many risks and ROI maybe not doing so well in the short term. After they get many users on board, it could be a good investment in the long term. I would say it is a good investment for people who share their vision and could use their app in the future. Uulala gets 5 of 10.

Investment Details

  • Type: Utility (supplementary token)
  • Symbol: UULA
  • Platform: Multichain
  • Crowdsale: Ongoing
  • Minimum Investment: none
  • Price: 13-28 dollar cents depending on the round
  • Hard Cap: 50m
  • Payments Accepted: USD, BTC, LTC, ETH.
  • Restrictions Barred from Participating: None

General details :

website : https://tokensale.uulala.io/

WP : https://tokensale.uulala.io/white_paper.html

FB : https://www.facebook.com/UULALAapp/

Telegram : https://t.me/uulalacommunity

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.9 stars on average, based on 7 rated postsVladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.




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ICO Analysis: Peer Mountain

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Many blockchain-based projects these days seem to focus on issues like data and identity, as these issues come to the forefront of public attention with widespread scandals like Equifax and Cambridge Analytica.

While these kinds of issues definitely affect consumers, companies are lost in the fray as well.

Regulatory bodies like governments have come down and demanded that corporations practice safe data storage and transmission practices that keep the consumer’s interests in mind. One such example is GDPR.

Solutions like Civic have emerged to give users control over their identities online. Peer Mountain is a project that not only lets users identify themselves online in a secure manner but also allows companies to offer services to users using PMTN tokens while staying compliant with regulation.

This could be huge as not staying regulatory-compliant could lead to huge fines or worse for companies.

The myriad of compliance concerns, such as compliance costs, data protection, onboarding, reliable KYC, real-time risk assessment, and so on is not being addressed sufficiently by current market solutions.

Peer Mountain is aiming to be the one-stop solution for safe, online personal data usage (consumers) and compliant, online provision of services (enterprise).

Peer Mountain Example: Car Rental

To give a concrete example, imagine you’re renting a car.

With Peer Mountain’s services, you can submit car rental forms in a few taps and get digital car keys sent to your Peer Mountain account right away instead of having to stand in a line for hours just to fill out some paperwork and wait even more.

Here’s how that works:

  1. You verify your identity with the services of identity verifiers, such as insurance companies. Your identity verification (e.g. just the confirmation that you are who you say you are vs. your personal details) is then stored safely on Peer Mountain’s decentralized network
  2. The car rental company gets access to your identity verification (confirmation document) but NOT your detailed personal information
  3. Since your identity has already been verified, the rental process is quicker
  4. For the rental agency, they receive verification but not any personal data, which means they don’t have to worry about data regulation concerns

Token

In the Peer Mountain token economy, PMTN is used for the following:

  • Offering services – when an end-user uses a Peer Mountain invitation or service offered by a company, the company pays a small PMTN fee
  • Using an identity verification – when an identity verification supplied by a verifier, such as a bank, is used, the verifier is paid in PMTN by e.g. a company that wants to verify the identity of their consumer

Everyone involved in the Peer Mountain ecosystem can take on the role of a consumer, service provider, or identity verifier. For example, service providers can provide identity verifications as another way to earn revenue.

Of the total PMTN supply (to be determined by Smartcap – red flag), 40% will be sold, 40% will be kept in the treasury, 10% will go to the team, 8% will be held in legal reserve, and 2% will go to the advisors.

Peer Mountain’s token sale has 4 stages:

  1. Presale 1 (priority first)
  2. Presale 2 (priority first) (presale ended March 15th, 2018)
  3. Tier 1 (public)
  4. Tier 2 (public)

peer mountain token sale

Of the proceeds, 40% will go to technological development, 25% to business development, 25% to marketing, and 10% to regulatory and legal costs.

The hard cap, too, is to be determined by Smartcap – red flag.

Team

CEO Jed Grant – Grant was named one of the top 200 European fintech leaders by LATTICE80 and has had a long career in tech, including IT at NATO as well as deep experience in compliance as CEO of KYC3.com, a leader in the compliance world that has been recognized for many relevant awards and honors, such as WealthTech Circle in London, Disrupt.Finance in Zurich, Fintech Fusion in Geneva, Lux Future Lab in Luxembourg, and Europe4Startups.

In terms of advisers, two in particular stand out.

Jeremy Epstein, CEO of Never Stop Marketing – took Sprinklr, a customer experience management platform for businesses, from $20m to $1.8b in four years as CMO

Professor Jorge Sanz – Global Chief Innovation Officer in Banking at IBM

Verdict

While the idea is great, Peer Mountain suffers from issues, such as a lack of strong team and advisors (relative to other projects), no working product, no disclosed significant partnerships, and a variable total token supply as well as token sale hard cap.

Risks

  • Team could be stronger relative to other projects’ teams. (-0.2)
  • Same goes for advisers. (-0.2)
  • No working product. (-0.2)
  • No significant partnerships that have been disclosed. (-0.2)
  • Max PMTN supply and token sale hardcap are variable and not set in stone. (-0.5)
  • Maximum contribution amounts unspecified. Combined with heavy discounts for presale purchasers (30% – Presale 1, 20% – Presale 2), this could be worrisome for those looking to get in on the public sale. (-1)

Growth Potential

  • Potentially huge emerging industry (staying compliant with data regulations). (+4)
  • First mover advantage – Peer Mountain seems to be the only project addressing the issues of personal data protection and data regulatory compliance at the same time. If things go well, they could cement themselves as the market leader quickly. (+3)

Disposition

Peer Mountain is a promising project with a very strong promise. However, things like lack of a strong team and advisors, no working product, no significant, disclosed partnerships, variable supply and funding cap, and unspecified maximum contribution amounts make it somewhat of a risky investment. Further analysis is recommended for those interested. As a result, Peer Mountain receives a 4.7/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: PMTN
  • Platform: Ethereum
  • Crodsale: TBA
  • Minimum Investment: 1 PMTN (Presale), Unspecified (Public Sale)
  • Price: 1 ETH = 2,917 PMTN
  • Hard Cap: Unspecified
  • Payments Accepted: ETH
  • Restricted from Participating: Unspecified

For More Information:

Peer Mountain Website

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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