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ICO Analysis: CINDX

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For a newbie trader, it is hard to make a profit in this volatile cryptocurrency market. Even seasoned traders have problems deciding when to take profits or cut losses.

However, an inexperienced trader can make money in a bear market as well by following experienced traders’ trading moves. CINDX is a platform such that enabling people with less experience to copy seasoned traders’ buy and sell orders through synchronization of accounts. This investment method, which is called copy-trading, is conducted automatically in the CINDX platform, ensuring that a trader can follow another trader’s trades.

The synchronization is conducted through the use of APIs, so the platform user’s coins never leave his or her wallet. This allows the platform’s users also to connect with top cryptocurrency exchanges, so it is possible to take advantage of arbitrage opportunities as well. It is also noteworthy that investors pay fees only when they make money. The platform will get a cut of 10% of successful trades as a commission, and traders get a high cut of this as well, allowing them to monetize their trading skills. The use of smart contracts ensures the transparency of the trader’s trade history, so the investor has little to worry about.

Token

CINX tokens will be used for all investments and processing operations within the platform, but Success Fees can be paid in other cryptocurrencies as well. A dividend mechanism will be implemented such that thirty percent of the platform revenue will be proportionally distributed to loyal CINX owners who lock down their tokens. This fair passive income opportunity should create a sufficiently strong reason to HODL CINX tokens.

The ICO investor should note that the highest bonus provided to the pre-sale contributors was 25% which is somewhat high for an ICO, yet at the very beginning of the public sale, October 21st, a bonus of 17% will be available, so we can say that the earliest pre-sale investor gets only a bonus of 7% over the earliest ICO investor. This bonus rate will get lower and lower over time, down to zero all the way down at the end of the ICO.

The initial total supply of CINX is 51,500,000 tokens with the following token distribution:

  1. 12% team
  2. 6% bounty
  3. 7% advisers
  4. 12% reserve
  5. 3% traders recruitment program
  6. 9% token liquidity support
  7. 51% available for sale

The team is planning to use the token sale proceeds as follows.

  1. 12% marketing and pr
  2. 41% research and development
  3. 28% operations
  4. 7% legal expenses
  5. 3% community grants

Team

Val Jerdes: Jerdes is a mentor at Alchemist Accelerator and the director of venture capital academy at Kauffman Fellows.

Sofja Pevzner: Pevzner has worked as a lawyer at Crowe, an accounting firm from Chicago, Illinois, for 3.5 years.

Advisors

Keith Teare: Teare is the co-founder at Accelerated Digital Ventures and a founding shareholder at TechCrunch. Two of his companies, EasyNet and RealNames, were valued over $1 billion.

Austin Kimm: Kimm was the CEO at Renaissance Insurance, a Russian insurance group, and the CEO at Aviva Czech Republic.

Philip Staehelin: Staehelin has held executive roles in T-Mobile Czech Republic, Accenture, UniCredit and FleetCor and A.T. Kearney.

Verdict

Below is a breakdown of the risks and growth potential of CINDX.

Risks

  • Competition with already existing platforms with similar goals such as Genesis Vision. (-1)
  • The use of APIs by secondary parties does not have a good history in terms of security. (-1)
  • One might have suspicion on how the platform’s security will be ensured. More information about this would be better. (-1)

Growth Potential

  • A minimally working product already exists. (+3.5)
  • 30% of the platform revenue will be proportionally distributed to people who lock down their tokens, creating a passive income opportunity. (+3.5)

Disposition

New traders in any market often lose money. Copy-trading, or following seasoned traders’ footsteps and executing the same orders as them, is a common method to go around this problem and has been embraced by many cryptocurrency projects. CINDX is such a platform with further benefits. Traders who allow the platform to copy his or her trades are rewarded by Success Fees which the platform gets a small cut of. Traders are almost guaranteed not to lose money if they follow a reasonably successful trader. Token owners are also incentivized to hold their CINX tokens as 30% of the platform revenue are proportionally distributed. As the bonuses offered to ICO investors get lower and lower over time, the early ICO investor should not have any reason to worry about 25% bonus offered to pre-sale contributors as he or she will have the chance to get a bonus of 17%. Though, as there are many projects with similar goals, competition exists. Also, the platform uses APIs to follow and execute trades, but letting other parties use your own APIs is not considered to be the most secure way to make trades.

  • CINDX receives a 4/10.

Investment Details

  • Type: ERC20 – Security
  • Symbol: CINX
  • Platform: Ethereum
  • Crowdsale: October 21st
  • Minimum Investment: $50
  • Price: $1.00
  • Hard Cap: $21,000,000
  • Payments Accepted: BTC, BCH, LTC, ETH, USD, and EUR.
  • Restricted from Participating: Unspecified

For More Information

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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ICO Analysis: BX.BET

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BX.BET is offering a decentralized blockchain-based betting exchange and prediction market ecosystem to tackle the fragmented market of betting.

BX aims to utilize the full power of blockchain and smart contracts to give users full control over their funds and betting transactions, with full transparency and total freedom to bet as they please. BX users will be able to take over the role of the bookmaker and create their own markets, and place/offer bets with self-determined odds.

The BX token will be a key component to enable all betting transactions. Users will be able to trade bets in three different markets: sports/esports, prediction markets, and financial markets.

The BX whitepaper also claims the fleshing out of interesting features like Oracles to create predictive markets, which is a pretty cool concept.

Token

A notable component of this pre-sale is the bonus structure, which incentivizes investors who contribute more than $15,000 with a 30% discount.

Team

The BX team carries a cumulative nine decades of experience in the betting industries and seems poised to handle the execution of the project well.

Verdict

Below is a rundown of the risks and opportunities associated with BX token.

Risks

  • Competition: A quick Google search shows 7 projects offering a decentralized betting program, and that’s just the first page. Yes, creating a decentralized betting platform is a good idea, so good an idea that dozens of teams are working hard to execute it. One of the more notable competitors is Augur, hit a market cap of over $1B (currently at ~$140M), made a big splash and is generally assumed to have first mover advantage in the space. However, to look at BX’s competition within the crypto realm is doing it an injustice, especially when you look at how fragmented the betting landscape has been. -3
  • Regulatory risks: A huge reason the products and companies in the betting sector have lagged behind is regulation is incredibly tricky, especially for a project looking to create an international betting platform. The BX team has to deal with dozens and potentially hundreds of different authorities. It’s decentralized in function, yes, but not decentralized enough in company structure to avoid any regulatory upheavals. -2
  • Steep team/advisor token ownership:Only 60% of the tokens will be sold to the public. It’s worth noting that of the token sale, 10% of the tokens go to the team,15% go to a “company reserve”, and 10% go to advisors. So, of the $20m hard cap (if reached), the team gets $2M, $3M goes to the company reserve, and $2M goes to advisors. That’s about  $222,222 average per the 9 team members (locked for 2 years), $666,666 average per the 3 advisors, and $3,000,000 in what I’m assuming is a rainy day fund. This doesn’t necessarily signal foul play, but as an investor, I would be slightly concerned that 35% of all total tokens stay with the company in some capacity, either as compensation or as a reserve. -2

Growth Potential:

  • The current betting landscape is a disorganized mess: If you want to bet on an NFL game, for example, you’d have to either contact a bookie to place the bet for you, or have a custom log-in on whatever site that bookie uses (or just bet someone next to you, but that’s not always convenient). If BX.BET can clean up this fragmented ecosystem and provide users a central place to bet freely without the obstacles, I could see it picking up a ton of users from scattered betting sites. +3
  • Removal of the third party bookmaker intermediary: Value tends to be created for the users of any decentralized platform that removes third party intermediaries, such as bookies. This means better betting terms and odds, leading to higher customer satisfaction. +3
  • Size of the industry: The BX.BET promotional materials place the betting industry at $60 billion and an annual growth rate of 10%. +2
  • Discounts are appealing: The pre-sale hasn’t started yet, but those wishing to invest anywhere between $300 to $15,000 can see between 15% to 30%. +4
  • Capable team:  The BX team consists of a group of people who have deep experience in this industry. In a niche with such a high rate of competition, the team is going to make the difference. +1

Disposition

We arrive at a +6 or BX.BET. The project seems very well put together and the app has a clean interface, but the level of competition, regulatory risks, and team compensation give me hesitations.

Investment Details

  • Symbol: BX
  • Platform: Ethereum
  • ICO Date: Oct. 15, 2018
  • Minimum Investment: $100 USD
  • Token Price: 1 BX = $0.19 usd
  • Payments Accepted: BTC, ETH, fiat
  • Country: Malta

The token sale starts on October 15th. To find more information on the project, check out the BX.BET website and BX.BET whitepaper.

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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4.6 stars on average, based on 18 rated postsAlex Moskov is a writer and entrepreneur with a passion for building and creating awesome things. Alex has experience in music tech startups, digital marketing, and cryptocurrency investing.




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ICO Analysis: Investx

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The word on the web is security tokens are the next big thing. Until now, small and medium-sized enterprises (SMEs) could only practically raise funds from angel investors, VC or private equity firms. Blockchain and smart contracts revolutionize the access and cost of investing. Investx sees an opportunity to be the frontrunner in providing a platform for SMEs to launch different types of security token offerings (STOs) which will be offered up to all KYC confirmed crypto investors.

The Investx Platform makes investing in SMEs affordable and rewarding, providing access to shareholding at a reduced price for investors because of the value of its use and cost efficiencies it creates

“Investx is addressing fundamental gaps in the equity fundraising market by creating crowdfunding products that simply don’t exist. Our products will cut across Equity Capital, Lending and Merger & Acquisition Markets taking a slice out of all of them.”

Investx has identified several problems with SME investing, and have come up with the following solutions.

Problems for SMEs/Investors

  • There is no open secondary market for selling the SME shares. This makes selling the shares complex and expensive, and often impossible until the business is sold
  • Accurately valuing shares in SME’s is complicated, and requires financiers, accountants and lawyers.
  • Crowdfunding platforms are expensive and have limited investor base.
  • Crowdfunding platforms offer only minority interest and limited range of deal types.

Solutions for SMEs/Investors

  • Smart contracts and an easy to use platform for SMEs and global investors.
  • Blockchain powered secondary share market will provide liquidity to an illiquid market
  • Investx issued security tokens for every fundraise make transacting deals fast and cost-efficient, meaning lower fees.
  • Investx will transact a wide range of deals from minority growth capital to full shareholder exits.

A real-time up to date ledger of every company’s shareholders will be maintained without reliance on manual reporting or trust in central software. This provides an autonomous mechanism to pay dividends and exit profits directly to investors.

Token

Based on Ethereum, the INX security tokens will be used for automated legal contract execution, fundraising, share registry, dividend and exit payments. INX is a reserve-backed means of exchange for shares in SME businesses. INX tokens will be used as payment for shares in businesses on the Investx platform. Their unique mechanism for providing liquidity for reserve backing ensures real-world purchasing power keeps up with token value increase.

“The INX token enables a cutting-edge fintech solution for investors to trade shares of privately held businesses, for businesses to raise equity, or for business owners to sell equity while autonomously maintaining and executing the transactions via smart contract.”

INX is a payment token, used to purchase shares in businesses listed on the platform. Just holding INX does not give any returns based on the results of businesses funded through the platform nor does it offer a share in any profits of Investx Ltd.

The token will also be used on the platform for reduced transactions, premium access to investments at a lower cost, and access to investment not yet available. We have barely touched on the token mechanics, for all the details please check out their very professional currency-paper.

Distribution:

  • 91% Crowdsale
  • 6% Founders/Advisors
  • 3% Incentives

Use of Funds:

  • 7% Legal
  • 14% Business Dev/Marketing
  • 5% Early overheads
  • 10% Platform
  • 65% Investx Liquidity Reserve

Tokens will be minted upon purchase.

The founders’ tokens are locked up for 24 months.

Nearly two-thirds (65%) is set aside in GBP until holders invest their INX into an STO listed on the platform. They will act as a market maker and exchange those tokens for GBP to pay over to businesses that raise funds through Investx, avoiding fx costs and any reliance on liquidity.

Team

Investx Ltd is a UK registered company, incorporated in 2010 and their team is pretty impressive.

Peter Edgar – Co-Founder/CEO. Founded The Oxalis Group in 2010 successfully exited in 2015. He’s now an investor and non-executive director for 3 companies.

Dave Hewitt – Co-Founder/CTO.  Since 2013 has been Partner at Equal Experts, who provide tailored, end-to-end services in software development and delivery, and have 10 offices throughout the world with between 500 and 1,000 employees

Leon Sloyan –  CCO.  More than 3 years experience as International Commercial Manager at HSBC, then spent 3 years as Relationship Director for Santander UK (over 10,000 employees)

Richard Chambers- COO. Director of Finance team at Royal Bank of Scotland Senior Associate Director SBC.

Andy Gray- Blockchain & Smart Contract Consultant with 20 years commercial IT experience.  DApp/Solidity Developer at Barclaycard, Full-stack Developer at Globility Ltd.

Four advisors are listed, including a Partner and Head of Commercial Fraud & Risk at DWF, a Managing Director at Central Business Finance, and an Engagement Manager at Equal Experts. Also, global top 10 law firm CMS will advise them on legal/financial regulatory work.

Verdict

STOs can and most likely will cause a major disruption in the current ways small/medium equity businesses operate. Investx is positioning themselves to be the front-runners in opening this brand new market for investors.  The Investx platform allows crypto investors and holders to purchase shares in stable businesses, be paid any dividends and sell their shares all without using fiat on/off ramps.

Investx Platform fees.

Risks

  • Standard Ethereum platform risks. -1
  • Their pre-sale starts Nov 1, but they have not started marketing at all yet. Telegram has only 50 members so far. -1
  • In order to become an investor, holders must create a platform account and pass KYC checks. This most likely leaves USA, China, and possibly even Korea citizens from being able to invest in new projects on their platform. -1.5
  • Regulation concerns: they have yet to become authorized and regulated by the FCA.  the goal is for the platform to launch its first business listing on May 2019, and then they will work on launching a secondary market once they get FCA approval. -1
  • Major exchanges are afraid to list security tokens. Although INX token is utility, exchanges most likely won’t take the risk. -1

Growth Potential

  • A brand new way for SMEs to raise funds! +2
  • The team is full of value. +3
  • Perhaps the most professional whitepaper I’ve ever reviewed. They even made a separate 19 page Currency paper, that gets into every detail of their Tokenomics. +3
  • They have an elaborate game plan to become authorized and regulated by the FCA. According to the roadmap, the platform will be ready and listing the first businesses in May 2019. +2
  • From the whitepaper: “We are opening up a currently inaccessible asset class at discounted costs. Our focus on stable, growing businesses means greater opportunities for immediate and stable long-term returns.” +2

Disposition

This is basically Ethereum for SME STOs. It has the potential to be massive. Lots of bleeding-edge risks though. 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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4.2 stars on average, based on 25 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: Gigzi Black

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The speculative market of cryptocurrencies is rightly called the wild-west of financial assets, thanks to its high volatility. For instance, Bitcoin, the most well-known and top cryptocurrency by its market cap has lost almost 70% of its value since the beginning of the year, from $20,000 to about $6,000. The case does not look better when it comes down to altcoins as well since most are 80%-85% down from their ATH.

Thus, many projects are being launched to solve this volatility problem when it comes to cryptowealth management. USD Tether (USDT) and TrueUSD (TUSD) are the most popular crypto answers to volatility and are pegged to the value of the United States dollar. Although most stable coins are pegged to fiat currencies, others are pegged to precious metals, given that the precious metals market is one of the world’s most established markets and they are usually accepted to be a safe haven in times of volatility and economic breakdowns.

Gigzi essentially is a platform for stable cryptocurrencies pegged to precious metals such as gold, silver, and platinum. It consists of Gigzi Black, metal currencies, a wallet, an exchange, and a treasury.

  • Gigzi Black: Gigzi Black (GBZ) owners are incentivized to hold their tokens as at the end of 90 day rewards cycles, 60% of transaction fees collected in GBZ, GZP and GZS will be proportionally distributed to GBZ holders.
  • Metal currencies: Gigzi offers a wide selection of currencies pegged to the international price of precious metals: Gigzi Gold (GZG), Gigzi Silver (GZS) and Gigzi Platinum (GZP). The proportion of transaction fees to be distributed to GBZ holders are converted to and stored as GZG. One Gigzi Metal currency is equal to 1 gram of its respective metal and they are redeemable on demand. These precious metals which have a purity of 99.99% are sourced from the Perth Mint of Western Australia, an established worldly known organization. It should be noted that as the Perth Mint does not cast Platinum bars, any demand for them will be converted to Gold or Silver bars.
  • Treasury: The presence of a treasury enables the Gigzi platform to hold and redeem precious metals in return for Gigzi Metal currencies.

Gigzi’s partnership with IriTech allows platform users to have enhanced security thanks to a biometric security device called Gigzi Iris. This hardware iris scanning device will store the owner’s iris and its data will be used for the authentication of transactions and gaining access to accounts. The wallet with 1st generation Gigzi Iris biometric security options will be available from Q1 2019.

Token

Gigzi Black (GZB) owners will have the opportunity to be proportionally redistributed 60% of transaction fees, which are determined to be 0.2% of any transaction, in the platform at the end of 90 day rewards cycles. The remaining 40% of transaction fees will be retained by Gigzi S.A. (the company behind the project).

In the on-going sale, a bonus of 45% is offered for investments over 1600 ETH, 30% for investments over 531 ETH. A juicy bonus of 15% is available to anyone as no minimum amount of investment is set as of the time of writing.

The initial total supply of GZB is 1,000,000,000 tokens with the following token distribution:

  1. 10% crowdsale by smart contract
  2. 90% natural economic growth

The team is planning to use the token sale proceeds as follows.

  1. 75% development team
  2. 25% reserves

Team

Fahad Shiltagh: Shiltagh has worked as a lead project manager at Digitas UK, a marketing and advertising company located in London.

Slava Gornostal: Gornostal was a software engineer at Samsung Ukraine.

Advisors

Daehoon Kim: Kim is the CEO of IriTech, Inc.

James Brookfield: Brookfield has been working for Costain Group PLC for almost nine years.

Partners

IriTech, Inc.: IriTech is a worldly known biometric security technology company which will provide Gigzi iris scanners to enhance user security.

The Perth Mint of Western Australia: The Perth Mint will provide precious metal bars when platform users redeem their precious metal tokens for bars.

Verdict

Below is a breakdown of the risks and growth potential of Gigzi Black.

Risks

  • The existence of projects with similar or more ambitious goals that have more extensive services. (-1.5)
  • The team does not have work experience in Fortune 500 companies while teams of similar projects do. (-2)

Growth Potential

  • Gigzi Iris, a biometric security device, is developed thanks to a partnership with IriTech. This shows how much emphasis the team puts on security. (+2.5)
  • Precious metal bars with a purity of 99.9% will be provided by the Perth Mint of Western Australia. (+1.5)
  • 60% of transaction fees will be proportionally redistributed to GZB holders at the end of 90 days rewards cycles. This is a great incentive to hold GZB tokens. (+3)

Disposition

The extreme volatility that cryptocurrencies face is one of the most important reasons that people tend to avoid crypto-investments. Bitcoin’s losing almost 60% of its value since the beginning of the year exemplifies this phenomenon the best. To provide alternative solutions for this issue, many stable cryptocurrency projects have been launched, most pegged to fiat money such as USD and Euro. A handful have chosen to take a slightly different road by pegging their currencies to precious metals which are deemed to be a safe haven in times of high volatility. Gigzi is a project that offers a wide range of precious metal cryptocurrencies with enhanced security and passive income opportunities. 60% of transaction fees in the platform are proportionally distributed to Gigzi Black (GBZ) token owners at the end of 90 days rewards cycle and creates a great incentive to hold tokens. It is also possible to convert Gigzi Gold and Gigzi Silver tokens to actual precious metal bars, casted by the trustworthy Perth Mint of Western Australia. It is a rightful worry that the team has not experienced the highest level of business in Fortune 500 companies, yet the team has been working on the project since 2016 and unless they decide to shut the project down completely , these precious metal tokens will offer price stability and wealth management even if there is very little demand for Gigli Black tokens. Gigzi Black receives a 3.5/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: GZB
  • Platform: Ethereum
  • Crowdsale: Unspecified
  • Minimum Investment: $0
  • Price: 0.0025 ETH
  • Hard Cap: 250,000 ETH
  • Payments Accepted: ETH.Restricted from Participating: Unspecified

For More Information

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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