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ICO Analysis: DAO.Casino

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One of the nice features about the Ethereum project is that there are known, notable quantities operating it. One of the problems with online gambling is that often enough the operators are completely unknown to their patrons, giving them ample, and frequent, opportunity to exit the industry with all the funds they’ve had people deposit. One of the things that DAO.Casino aims to provide is a way of making such situations impossible and making trust irrelevant:

DAO.Casino consists of a) an automated value distribution protocol acting as an mechanism of incentives and expressed in a system of Ethereum contracts b) a system that is capable of providing equally unpredictable pseudorandom numbers for the games.

In the same way that Decentralized Autonomous Organizations intend to leverage decentralized technology in order to solve the problems of fair governance, DAO.Casino wants to provide a fair experience to digital casino operators and patrons. One of the benefits of the federate approach they are taking is that people who have previously used DAO.Casino-powered tables will feel more secure in approaching new ones – a ripple effect of “trust” will occur, and all casino operators who dutifully operate using DAO.Casino resources will be able to benefit from this. This makes the proposition multi-fold: you get the association of DAO.Casino, which has marketing advantages; you get the high-quality pseudo-random number generation, and you get the tertiary benefits of a system that is ready to perform.

The token of DAO.Casino named BET is meant as a working token, rather than a dividend producing one. Those who really want to maximize the value of BET tokens will want to actually use them within the gambling ecosystem, and as such they can generate more tokens by investing gambling houses or by providing random number generation services. The rest of the value proposition of this token will be earning through speculation, and while that is far likely to be the way that most people profit from BET tokens, it is simplistic enough that it bears little explanation: one way to earn on BET tokens is to simply buy now and sell at an opportune rate, or do the same after they’ve landed on the markets.

One thing that should be noted is that nowhere on the DAO.Casino website is it noted that they are associated with the actual Ethereum DAO, which is responsible for the works of Ethereum proper.

Putting BET Tokens To Work

As earlier noted, the obvious way to make money on BET tokens is through speculation. BET tokens have a lot of hype around them, and the cryptocurrency community is certainly hungry for solutions that will enable trustless, seamless, and fair betting. What is not clear is how many of these solutions the market can bear. Will there be multiple solutions for each cryptocurrency, or one masterful solution that applies to all blockchains? The future is uncertain regarding this, but in BET we see an entrepreneurial opportunity in addition to the regular speculative opportunity that comes with ICOs.

To make money in the BET system, you have two main options. The first is to acquire the tokens and use them to help bankroll either an existing casino which switches to the token or one which starts out using the system. Obviously, a better option is those who already have a proven track record of profit making, who are moving to the system to improve its profitability due to the lower cost of operation proposition offered by BET. New casinos which pop up thank to BET will still have the potential to do things wrong – every casino operator will have various options, levers, and switches they can change in order to modify their profitability. You can bankroll any game which is using the token, which makes for a nice variety once the system gets off the ground.

You could also, of course, start your own casino within the BET token ecosystem. If you were to do this, DAO.Casino aims to make this process easier. Your cut of profits, by default, would be around 25% of the profits. The rest would go to those providing random number generation services, those referring new players, and development. These are numbers that can be modified – you may not need any for development if you are buying the technology pre-made, and this portion of the funds can either be spread among the rest or given directly to you. One can envision game developers playing an important role in this economy – those who are able to provide customized games at a lower rate will be successful, while those who want to work individually with casinos will also find a niche. Casinos are all the same at heart when they are legitimate, just wagering on unknown future numbers, but the dressing and the methods by which these numbers are reached is a crucial point of competition between them. DAO.Casino merely wants to play back-end to a new type of casino where trust in the operator himself is no longer part of the equation. While reputation will still be important, even in this situation, it will be less important, thereby creating new opportunities for unknown entities.

Another way to make BET tokens is by providing random number generation services. While this is not fully finished yet, DAO.Casino envisions a system where any token holder can lock funds and then earn more funds by providing random integer information to games. To be fair, these contracts would need to be publicly available. The system punishes bad behavior such as attempts to predict outcomes, which should encourage good behavior among pseudorandomness providers. From the DAO.Casino whitepaper, which has changes that can be tracked via Github:

To participate as a Random Number Provider a participant is required to a) lock their token in the contract b) send data to the RNG contract from which the PRNG will be generated. Intentional or unintentional , malicious behaviour i.e. an attempt to predict the outcome of the game will result in the locked tokens to be distributed as rewards to other participants. Because of this staking system Random Number Providers are somehow similar to miners in a PoS system.

Token/Proceeds Distribution

BET tokens will be used to denominate any games run in the DAO.Casino system. The initial value of the full supply has a cap of $25 million, and the goal is to distribute roughly over a billion tokens. 10% of tokens will be allocated to the founding members, another 10% to the DAO.Casino legal entity, and another 10% to those who took part in pre-crowdsale bounties.

The proceeds of the token sale will be used in the following way:

  • 5% to legal costs, presumably such as investigating getting legal in illegal jurisdictions.
  • 15% to marketing.
  • 20% to operational costs.
  • 60% to development, including development of the random number generation service.

It should be noted that pseudorandomness is a highly theoretical department of mathematics, and that a research and development project in this realm could easily never return a result. As such, we’re shaving a full 1.75 points off DAO.Casino’s total score for the potential that this part of the project stays in the research phase indefinitely.

The Verdict

Based on everything we know, we can give DAO.Casino a safety rating of 5.25 on a scale of 0 to 10. It is experimental, but it is a worthy experiment that people are going to be interested in. The investor’s chances of recouping his token cost at market is good, but the long-term viability of the project is in question as other plays crop up to compete in the same space. Let’s break it down a little more, looking into the various aspects of the project.

Viability / Risk

The technology presented by DAO.Casino is interesting and will certainly see some adoption. The risk is in whether or not its adoption will be picked up versus other plays in the same space (someone could operate a PRNG service on SONM, for instance, which performs better) and whether or not DAO.Casino will become the primary mode this is done or not.

Growth / Return Potential

The value of the token is likely to rise, nevertheless, but its rate of growth will be very closely tied to the ubiquity of DAO.Casino outfits. Betting on BET tokens is trusting that such outfits are definitely going to proliferate.

Value Proposition

DAO.Casino offers the ability to become a casino operator, and historically, some of the wealthiest people to come out of the cryptoeconomy have been such. Erik Voorhees was once a casino operator, for instance. This is a lucrative opportunity if all of the rest of the fundamentals are there, but like all investments, you are risking that the rest of the project will turn out right. Simply being there at the right time will not be enough with DAO.Casino.

Investment Details

There are early-bird bonuses available to those who invest sooner than others. The rate at time of writing is 1800 BET tokens per Ether invested. This rate drops by 100 tokens every 24 hours, and the token sale has no stated end date. It does, however, have a maximum of 83333.33 Eth to be raised, or about $25 million. At time of writing, it was halfway to that goal.

US participants are disallowed, but as always there are workarounds to this. It does not say that US participants would not be refunded, so there is that, but the wisest way to go about this is simply to have an agent in an allowed jurisdiction act on your behalf. Go here for more information on participating.

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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5 stars on average, based on 2 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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ICO

ICO Analysis: Tolar HashNET

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No one can deny that blockchain technology is revolutionizing many industries across the globe. However, blockchain still has shortcomings such as slow transaction times, scalability issues and high environmental cost. Transaction times can take up to several hours versus traditional payments like credit cards or bank cards only take mere seconds. For mass adoption to take place, there has to be faster transaction times along with the ability to scale and maintain these times. And there are those who are concerned with the effects on the environment from all of the mining globally. The founders of Tolar HashNet decided to create solutions to solve these issues while maintaining all of the advantages of blockchain technology.

Tolar was inspired by hashgraph methodology and designed a new and efficient asynchronous distributed consensus protocol on a directed acyclic network structure. Tolar HashNet uses redundancy reduced gossip and virtual voting protocols that provide a fast, fair, and Byzantine fault tolerant consensus algorithm. HashNet belongs to a class of gossip-based protocols instead of structured-based group communication algorithms giving it advantages such as being able to handle larger group sizes, high user churns, sporadic sources, etc.

Tolar HashNet is fast, secure and scalable – solving the major shortcomings while keeping all of the positive characteristics of blockchain technology, and has an open-sourced cryptocurrency called Tolar. HashNet has increased throughput to more than 200,000 transactions per second and has a working demo with 150,000 tps on multiple nodes. HashNet uses Proof of Stake with masternodes eliminating the need for mining which greatly reduces energy consumption making it more cost-efficient and environmentally friendly. The founder’s vision is to be the global leader in Distributed Ledger Technology and become the preferred choice of individuals, companies, and governments worldwide.

Token

The Tolar (TOL) token is an open source, community-governed cryptocurrency. It will initially be deployed as an ERC20 token that will later be converted to mainnet tokens when the mainnet is released. The price of TOL is 1 ETH = 5,442.59 TOL for the public ICO. A total of 1 billion tokens will be generated with a hard cap of 57,000 ETH.

Token Allocation:

  • 35%  Token Sales
  • 32%  Tolar Development Fund
  • 8%   Proof of Stake Network Start Nodes
  • 20%  Founders
  • 2.5% Developers
  • 2.5% Advisors

There is no lock on main tokens, but a THREE-month lockup for bonus tokens and a 24-month lockup for team tokens. The max bonus was 20%.

Team

The founders have 30 years of business experience and are definitely not new to the blockchain technology space having developed the world’s first Blockchain MBA Program and Certified Blockchain Developer Program at COTRUGLI Business School, a leading business school in SE Europe. Twenty-four team members and 13 advisors are listed on their website including:

Drazen Kapusta – Principal/Founder at Tolar

  • 30 years of business experience as well as a major blockchain startup investor
  • Principal of COTRUGLI Business School
  • President of Blockchain Adria, the largest blockchain conference and association in the Adria region
  • Member of Enterprise Ethereum Alliance
  • President of the COTRUGLI Fund – organizes and leads major humanitarian projects
  • Founder of the COTRUGLI Business Museum

Zoran Dordevic – CEO at Tolar

  • Managing partner at COTRUGLI Business School

Josip Maricevic – Co-Founder and CTO at Tolar

  • Previous Blockchain core developer for Blocknet
  • Previous iOS Developer for Qnective AG

Terence Tse, Ph.D. – Foundation Member at Tolar

  • Associate Professor of Finance at ESCP Europe Business School
  • AI Company Founder & Entrepreneur
  • Keynote Speaker
  • Author

Lester Lim – Advisor

  • ICO Marketing & Token Strategy Advisor for Cardstack, HybridBlock, Dock.io, Ink Protocol, CoinFi and Banca

Verdict

Tolar HashNet is positioning itself to compete with the likes of Etherium and Neo as a platform for building ICOs and Hyperledger to offer superior DLT solutions for governments, towns, local communities and enterprises. With several VC investors on board and multiple crypto influencers recently promoting/reviewing Tolar, this ICO is definitely worth looking into.

Risks

  • Competition is fierce in this space with major players such as Ethereum, Neo, Icon, etc. -1.5
  • Partnerships will be crucial to the success of the project and none have been announced as of yet. -1

Growth Potential

  • While some ICO investors look to flip their investment immediately and move on the to next one, Tolar’s proof of stake with masternodes is attractive to long-term investors. +2
  • The Ethereum Virtual Machine (EVM) will be deployed on top of the network which will make for a fast and secure decentralized applications platform. +2.25
  • An ICO with an MVP is certainly more desirable than an ICO with nothing but a website and an idea. The Tolar Prototype reached 150,000 TPS on multiple nodes. You can view the video here+2.75
  • Tolar won Ian Balina’s ICO pitch competition during his Crypto World Tour in Budapest. This will obviously create hype and draw more attention to the project which typically translates to positive outcomes in the current ico market. Many Tolar ICO reviews have also been recently published. +3

Disposition

With a fairly large team, all-star advisors, an MVP, available masternodes, and a growing social media presence, Tolar is another blockchain project that has an excellent chance of doing well this year. Tolar receives a 7.5 out of 10 rating.

Investment Details

  • Symbol: TOL
  • Platform: Ethereum
  • Hard Cap: 57,000 ETH
  • Total Supply: 1,000,000,000 TOL
  • Private Sale Price: 1 ETH = 6,531.08 TOL
  • Pre-sale Price: 1 ETH = 5,986.84 TOL (minimum 10 ETH)
  • Public ICO Price: 1 ETH = 5,442.59 TOL
  • Public Sale: Scheduled for August
  • Jurisdictions barred from participation: USA, China

For more information regarding Tolar:

Website: https://www.tolar.io/
Telegram: https://t.me/TolarHashNET
Twitter: https://twitter.com/TolarHashNET
Facebook: https://www.facebook.com/TolarHashNET/
YouTube: https://www.youtube.com/channel/UCL8ksEpe6um71pcdPi6wpXQ
Medium: https://medium.com/@TolarHashNET

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 46 rated postsKent Hamilton - ICO Analyst on Hacked and Founder of CryptoDayTrader.io - ICO Insider Info




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ICO Analysis: SpringRole

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SpringRole is a blockchain-powered professional profile attestation and verification platform.

In other words, you can think of it as Linkedin on the blockchain.

Currently, there are a lot of problems with people making things up on their resume. According to the SpringRole whitepaper, approximately 53% of resumes contain some degree of inaccuracy.

This leads to a lot of inefficiency in verifying someone’s professional background with things like reference checks and attestations (e.g. a university attesting that someone’s educational credentials are legitimate) often being expensive and slow.

SpringRole, therefore, aims to leverage blockchain technology in order to provide a platform where people can view, share, and acquire attestations related to education, work experience, and skills.

Once information about an individual is verified, it will be written to the blockchain, making verified information publicly viewable and unchangeable. This means that once claims about one’s resume are verified, they no longer have to be re-verified in the future, saving people time and money.

There are several types of attestors on the SpringRole platform:

  1. Individuals – individuals can attest to the skills of other individuals (e.g. good at Python, public speaking). Select individuals, such as professors, can attest to things like students’ projects
  2. Companies – companies attest to employees’ work experience and other information related to their job tenure, such as title
  3. Universities – universities attest to individuals’ educational backgrounds like whether someone actually studied at the university and what degree(s) he or she obtained. Other relevant information like specific courses can be attested to
  4. Course Providers – Course providers like MOOC platforms (Coursera, etc.) can attest that someone has completed a course on their platform
  5. Examination Providers – Examination providers like College Board (SAT) and Educational Testing Services (GRE) can attest to individuals’ results on their exams

Token

The Spring network will be powered by the SPRING token.

SPRING can be obtained in the following ways:

  1. Referring others to the platform (referred individual needs to complete their profile and receive a certain number of endorsements)
  2. Refer a company (the company needs to complete a transaction)
  3. Get rewarded for endorsing or validating someone (e.g. attesting to someone’s skill in something, a university attesting someone’s degree, a company attesting someone’s work experience)
  4. Completing your profile and receiving attestations – a fraction of the token(s) goes to the attestor based on their reputation on the platform
  5. Mediate a freelancing project

SPRING can be used for endorsing or attesting to someone’s skill(s) as well as getting access to attested resumes.

There will be a total of 10 billion SPRING tokens and the token distribution will be as follows.

  • 25.5% token sale
  • 30% market development
  • 25% team and founders
  • 10% contributors and advisors
  • 9.5% foundation

Market development tokens vested over 4 years (20% on launch, 20% after 1 year, and the rest every month for 3 years).

Team and founder tokens are vested over 4 years (20% on launch, 20% after 1 year, 60% vested every month for 3 years).

Advisor tokens are vested over 2 years (50% on launch, 50% distributed every month for 2 years).

Foundation tokens are locked for 2 years.

The public presale is ongoing and has a minimum contribution of 2 ETH, maximum contribution of 500 ETH, and bonus of 40%. Price is 1 SPRING = .00002 ETH.

Public sale is TBA.

Of the token sale proceeds, 40% will go towards market development, 45% towards adoption (developer ecosystem, incubator fund, PR and partnerships), 5% towards administration, 5% towards legal expenses, and 5% towards miscellaneous.

Team

Founder and CEO Kartik Mandaville was CTO and Special Technical Advisor for Science Inc., a startup studio known for being an early investor in startups like Dollar Shave Club (acquired by Unilever for $1B) and HelloSociety (acquired by The New York Times). He was also a Technical Advisor for Science Blockchain, Science’s blockchain startup incubator. He also served as CTO of LetMeKnow.com, an online portal for Indian college students seeking internships, scholarships, and more.

Vice President of Business Development and Strategy David Lewis is an online business veteran. He started as a product manager for Software Technologies Corp, which was acquired by Sun Microsystems for nearly $400 million. He was the Director of Business Development for Overture Services, the first paid search engine that later ended up being sold to Yahoo for $1.6 billion. He was the Founder and CEO of 77Blue, which owned coupon and cash back websites AnyCoupons and Cashbaq. 77Blue was acquired by Ebates, which was later acquired by Rakuten for $1 billion. Lewis also served as Director of Business Development for Shopzilla, which at its peak was a $200 million+ revenue comparison shopping site. Having such an experienced business development expert will be of great help to SpringRole.

Advisors

Advisors include the following:

  • Mike Jones – Mike Jones is CEO of Science, Inc. and has tons of experience not just as CEO of Science Inc. but as Senior Vice President at AOL, CEO at Myspace, and investor in companies like Goodreads among others.
  • Toni Lane – Toni Lane is a known name in the blockchain space and among other accomplishments, is the Co-Founder of CoinTelegraph, which also runs properties like Coinmarketcap, and was advisor to companies like Tether and Mycelium.

Verdict

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

Risks

  • No information on presale lockups or vesting – combined with relatively large contribution limits, a bit worrisome. (-0.5)
  • In terms of platform growth, who would pay to endorse someone’s skills or validate one’s credentials? Perhaps this would be of great use to employers and HR departments but adoption looks like it would be tough for regular users. Though it looks like a large portion of SpringRole funds is going towards adoption and market development. (-0.5)
  • Granted it’s still presale, but hype is a bit weak. (-0.5)

Growth Potential

  • Has a beta, which is promising from an implementation perspective. (+3.5)
  • Good team and advisors. (+3.5)

Disposition

Though SpringRole has a relatively strong team and advisory board as well as a beta, lack of current hype and questions about the platform’s long-term viability don’t make it a clear winner for now. However, it could be something to keep an eye on if interest starts to grow. SpringRole receives a 5.5/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: SPRING
  • Platform: Ethereum
  • Crowdsale: Presale ongoing, public sale TBA
  • Minimum Investment: 2 ETH (presale – public sale TBA)
  • Price:1 SPRING = .00002 ETH
  • Hard Cap: $12m
  • Payments Accepted: ETH
  • Restricted from Participating: USA/Canada (only accredited investors), Belarus, Central African Republic, China, Congo, Crimea (Ukraine), Cuba, Iran, Lebanon, Libya, North Korea, Somalia, South Korea, South Sudan, Sudan, Syria, Venezuela, Yemen, Zimbabwe, Balkans (Serbia, Albania, Bosnia, Herzegovina, Moldova, Croatia, Macedonia, Kosovo)

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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: Game Loot Network

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Gaming related blockchain projects are now sprouting up all over the place. And for good reason, smart contracts and crypto will almost certainly play a lead role in tomorrow’s gaming economy.

A controversial company, Game Loot Network (established in 2015), is looking to get in on the action in a big way. They want to provide developers a platform to build, fund and distribute their new games to users who will pay for them in LOOT tokens.

Setting their hard cap at $41 million for the Private-Presale, Game Loot seems to be trying to take over the entire game. They plan to do this by solving systemic issues within the industry.

The company says:

“We want to give artists the resources to create the games they envision and reward the players who populate their virtual worlds. Game Loot Network™ will democratize the gaming experience, enabling developers to create and prosper regardless of gatekeepers or budget constraints. We want to give gamers a voice at the earliest stages of design so the games built are the ones people want to play.”

The platform will rival and innovate upon centralized systems like the Steam and App store. The cornerstone of the application will be the interaction between three platform portals:

  1. Build: A gateway for developers to access a crowdfunding catalog. Devs submit their game proposal on to a page, and users offer LOOT tokens to sponsor good projects. They then agree on percentages of revenue distribution in the future, programmed into a smart contract.
  2. Play: A decentralized app store and embedded games. Users will pay in LOOT tokens.
  3. Earn: Gateway that provides revenue generating tools, competitive tournaments, battle bidding, and a referral system.

Token

LOOT token enables every reward resource on the platform. Users can enter tournaments, sponsor indie games, purchase upgrades, bid on online auctions, earn extra income and more.

Distribution:

  • 55% Operations and Development
  • 20% Taxes
  • 15% Marketing
  • 10% Founders/Advisors

Team

Doug Kinney has been CEO of Game Loot since 2016. He was COO/General Manager for two car dealerships, then went on to be the CEO of VinSolutions from 2007-2010.

Here’s where things get weird. On his LinkedIn, he says he’s the current CEO of DAK Investment Ventures, LLC (KC, MO) since 2014. We couldn’t find any evidence of this; we did find a similar named, DAK Investment Group , founded in 2010 by Doug Kinney in Independence, MO. Current estimates show this company has an annual revenue of $110,000 and employs a staff of two.

Lance Baker is President and Founder. The only work history his LinkedIn shows is “President and founder of GameLootNetwork, since 2014.”

Pat Baggette is CFO and General Council. It looks like he and Doug Kinney worked at VinSolutions together back around 2009. Pat does not list Game Loot Network anywhere on his LinkedIn page.

Rick McMullin is Chief Technical Officer. This guy is the co-founder of Bitheads, a custom software solution company that is listed as a partner on the Game Loot site. Rick does not mention Game Loot anywhere in his bio.

Scott Simpson is Chief Strategy Officer. He is the CEO of that same Bitheads company. He’s also the CEO of Braincloud and Playbrains. All three of these companies are listed as partners of Game Loot.

Paul Winterhalder is listed as Chief Development Officer. He is a co-founder of Bitheads, playBrains, brainCloud and Game Loot Network.

So, basically, all these team members have been connected for years. And all the partnerships Game Loot has listed are former projects of the team:

Brain Cloud – A ready-made cloud-based backend, for the development of games, apps, and things.

Bitheads – Experts in building custom software solutions. Claim to have high profile clients Ebay, EA sports, etc..

Crowd Machine – an advanced distributed computer. Embedded within the computer is an app development engine that requires no coding, enabling anyone to create decentralized apps and smart contracts without limitation.

Play Brains a team of experts that help transform your idea into a finished product. Need help with art, programming, design, or all three? Looking to attach a social or mobile experience to your game? Expanding your IP from mobile onto the console or another platform? We do it all. Our specialists turn your game – or game idea – into the rich, high-quality product your audience is demanding.

Get Set Games – Looks like a poor quality website with eight available games to download.

Uphold – Digital money platform where you can change USD to BTC in seconds.

Verdict

Game Loot says they will be a one-stop shop for all of gaming; play, purchase and design. They are asking for a lot of money, $41 million just from private investors. For this type of money, one would expect a way better sales pitch. The whitepaper is not detailed, and the team seems incapable of accomplishing their goals.

Actually, there is a very strong possibility this entire project is a scam, and the founders of Bithead, PlayBrains, BrainCloud and GameL oot are now doing an ICO. Not to produce what they promise, but to get filthy rich off sloppy investors.

Risks

  • Private Sale Hard Cap: US $41,600,000.00.  This is confirmed real. -1
  • Private sale contributors have to be accredited investors and receive a 200% bonus. -1
  • Their partnerships aren’t real partnerships. They are mostly past businesses founded by the same team as Game Loot.-2
  • LOOT tokens not sold in the private and public sale will be divided equally among each of the 300 days for the daily blind auction. -1
  • CEO Doug Kinney is not being honest with his employment history. -1
  • They claim to have done extensive platform beta testing that yielded more than $5 million in revenue over just 7 months. However, they seem to be lying. When asked to provide evidence of this as well as other claims they made in the one pager. We were blocked from their Telegram, and our questions deleted as if we had never even been there. -1
  • A Google search “Gamelootnetwork is a scam” returned plenty of damning evidence. This guy Ethan provides a very detailed investigation and concludes this is indeed a scam. -4  https://ethanvanderbuilt.com/2018/01/31/game-loot-network-scam-yes-opinion/

Growth Potential

  • They plan on “accommodating infinite expansion” into VR and everything that comes with it.+2
  • Their roadmap is long and detailed, extends all the way into 2021. It seems like empty promises, but if by some miracle, this project is real, it will be pretty cool. +2

Disposition

Stay away from this one. -5/10 (that’s right, negative 5).

Investment Details

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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4.1 stars on average, based on 23 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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