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ICO Analysis: Global REIT

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Dubai skyline

Putting real estate and other real assets on the Blockchain has become a trend recently, and there are certainly cases where this makes a lot of sense both for the issuer and the investors. A Real Estate Investment Trust (REIT) is one type of fund that in theory could work well as a tokenized fund.

Some of the benefits of tokenizing a REIT are that essentially anyone can invest, no matter how small their budget is. It also represents a much lower barrier to overcome for real estate investment companies wishing to attract investors by bypassing all of the regulatory issues associated with the world of traditional finance, considering the high costs of developing a prospectus, having legal reviews and audits performed, etc.

Based out of Dubai, Global REIT claims to be the first Blockchain-based and Sharia-compliant REIT on the market.

The company’s idea of putting a REIT on the Blockchain is definitely good, and Dubai is well-suited as a starting point for their investment activities, given the large number of real estate investment opportunities there as well as many other REITs.

Although the concept is sound, we question the team’s readiness for an ICO, for several reasons.

Firstly, the white paper appears unclear and confusing in several key areas, lowering the credibility of the Global REIT ICO. This is especially true when it comes to the relationship between the two tokens that the company is issuing: GREM and GRET.

When investing in a security token, which is intended to produce income on a regular basis for the investors, it is extremely important that the team issuing the token is as transparent as possible. White papers for these types of ICOs should be very well-written, with a level of detail comparable to traditional REIT’s prospectus. Unfortunately, this is missing in the case of Global REIT.

A good example of the level of detail we expect from a tokenized fund is the Hyperion fund we recently reviewed. Feel free to compare these two white papers and judge for yourself.

Token

According to Global REIT’s white paper, each subscriber will be offered two tokens:

  1. GREM: Global REIT Fund Manager token
  2. GRET: Global REIT Asset token

GRET is in other words the token that is backed up by the real estate assets the company plans to invest in. This token will, according to the white paper, pay out a monthly dividend in US dollars and Tether (USDT).

It is unclear exactly how much the monthly dividend to holders of the GRET token will be, but the white paper states that GRET holders will earn a “stable ROI of 8% p.a. on its first acquired asset.” The next sentence states that “this income is before any expenses related to operations are incurred.”

Global REIT dividend

The above paragraph is all the information that the white paper contains regarding return on investment for the GRET token, and in plain English it means that we do not know how much the final return on investment will be.

The listed ICO price of the GRET token is $1.00, with bonuses available during the pre-ICO sale.

The token distribution will be as follows:

GRET token distributionTeam

The white paper is also short on details when it comes to team members’ backgrounds or future growth plans of the REIT. An example is the bio of the founder, copy-pasted from his LinkedIn profile, simply stating that he is a “great leader and business owner” without offering anything to back this claim up.

Ali Tumbi bio

The second most senior person listed on the website is Chief Operating Officer Paul Christodoulou. He is currently working as Managing Director for Sotheby’s International Realty in the Gulf Area. According to Mr. Christodoulou’s LinkedIn profile, he took up the position in Sotheby’s in April 2018, and there is no mention of Global REIT on his profile, putting into question his level of commitment to the position as COO of Global REIT.

To make things even more confusing, Global REIT’s blog on Medium lists Mr. Christodoulou as CEO of the company, contrary to the information given on their website and in the white paper.

Indian national Vijay D Vyas is listed as Director Acquisitions – India. To our delight, this also matched the information on his personal LinkedIn profile. Mr. Vyas has over two decades’ worth of experience from various companies in the IT sector in India, China, and the UAE.

Finally, it should be mentioned that the website does list all team members’ personal LinkedIn profiles, which is a step in the right direction.

Verdict

A tokenized Real Estate Investment Trust is something that could absolutely work, as long as the team behind it does solid work in preparing, marketing, and structuring the project. Transparency, credibility, and trust in all areas are also key issues for anyone launching a tokenized investment fund in today’s challenging ICO landscape.

We are not sure if Global REIT has achieved the level of transparency and trust that we would want before putting money into a tokenized investment fund.

Most team members seem to only have a half-hearted commitment to the project, and even the management of their Telegram has been outsourced to a group of ICO consultants.

Further, both the generic-looking white paper and website is sketchy when it comes to details of the company’s plans, dividend pay-out, and plans for future growth.

Growth potential

  • Putting real assets on the Blockchain is a trend that is currently gaining traction in many areas. There is no reason why this wouldn’t work for a Real Estate Investment Trust as well, and Dubai is a good starting point as a base of operations. +3
  • A tokenized REIT would open up this type of investment opportunity to a lot of people who in the past could not qualify to invest in a traditional REIT because of high minimum investment requirements, geographical restrictions, or banking issues. +3
  • Other REIT’s may find the opportunity to expand their reach into Blockchain interesting, and therefore choose to invest in Global REIT rather than setting up their own infrastructure from scratch. +2

Risks

  • The team member’s commitment to the Global REIT is put into question with very few of them mentioning anything about Global REIT on their personal LinkedIn profiles. This includes senior members of the management team such as the COO and CFO. -3
  • The white paper is very generic-looking and offers few details on this investment opportunity, with little information provided about future plans and dividend payments. -3

Disposition

Although the idea of a tokenized Real Estate Investment Trust is appealing, we have doubts regarding the level of preparedness, transparency, and information provided about the Global REIT ICO.

We arrive at a score of 2 out of 10 for the Global REIT ICO.

Investment details

  • Token Type: Utility (Security)
  • Platform: Ethereum ERC20
  • Symbol: GRET
  • Pre-ICO: May 1 to May 31, 2018
  • Public ICO: June 1 to June 30, 2018
  • Token Supply: 75 million (GRET)
  • Tokens Available for Sale: 16,650,000
  • Price: 1 GRET = $1 (1 GREM = $0.07)
  • Minimum investment: 0.1 ETH / 0.01 BTC
  • Payments Accepted: ETH, BTC, USD
  • Jurisdictions Barred from Participating: None mentioned

Featured image from Pixabay.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term trading. The author has no investment in Global REIT at the time of writing.

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 37 rated postsFredrik Vold is an entrepreneur, financial writer, and technical analysis enthusiast. He has been working and traveling in Asia for several years, and is currently based out of Beijing, China. He closely follows stocks, forex and cryptocurrencies, and is always looking for the next great alternative investment opportunity.




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ICO Analysis: BrikBit

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BrikBit is an ecosystem, based on the LISK blockchain, that develops and manages entire operations for the Real Estate Industry. Any Real Estate project in the world that wants to use blockchain for fund collection, design, creation and management, will be able create their own blockchain (as a BrikBit sidechain) with their own rules and features, according to the country and legislation of the project itself.

Shareholders involved in the Real Estate projects will be able to use the ecosystem to “automate, disintermediate and make more transparent both typical and implicit processes during all steps of a Real Estate enterprise.”

Several problems exist within the current Real Estate Industry which BrikBit offers the solution:

  1. Real Estate data is not precise and universal. With BrikBit, whoever buys a digital share of an asset, can buy something with a history and unique data recorded on a blockchain.
  2. There’s an illiquidity of value of RE properties. BrikBit offers the possibility to divide in digital shares a real estate asset, allowing people to own or sell a small portion of a property.
  3. It’s difficult to raise funds and to easily access real estate developments. The BrikBit ecosystem allows investors to buy shares of property anywhere in the world. They are no longer restricted to certain areas.
  4. There is a lack of transparency everywhere. Now, transactions within Real Estate development and in managing operations during construction and the life cycle of a building, will all be recorded permanently on the blockchain.

REDA: An acronym for Real Estate Digital Asset, represents the interface between the blockchain platform and the real building. It is a building avatar, created through the BrikBit platform, that summarizes all necessary information of a real building: structure, design, materials, plants, services. All this information will be organized through a dedicated protocol to manage each property. The protocol determines the partitions of a building, allowing users to optimize value exchange.

REDA will also be a customized token linked to each specific project, with its own property and rules costumed to each countries jurisdiction.

A cool feature is the BrikBit Social Professional Network. This is a meeting point for operators, investors, professionals and brokers who want to join forces and create round-tables to start potential cooperation. Members of the network must pay for access, which enables them to interact with BrikBit developers team to develop/implement the BrikBit ecosystem.

Token

BRIK is a utility token with several use cases. Its features:

  • It allows access to future services on the platform.
  • It is necessary to implement REDA and REDApps .
  • Consultant services on the Social Professional Network.
  • Purchase function with wallet, like Registration of Delegate, Voting, 2nd Security passphrase.
  • Used for the maintenance of the DPoS consensus method for block validation
  • Pay transaction fees and information exchange.

A second token, REDA, is a security token: “The BrikBit Digital Shares platform will allow the creation of REDA, each uniquely representative of a Real Estate project. Each REDA project will have a dedicated, univocal and transferable REDA Token.”

Distribution of BRIK:

  • 75% crowdsale
  • 8% Founder and seed wallet
  • 6% Technical Bounty
  • 5% Marketing Bounty
  • 3% Advisors and team
  • 3% Community expansion

Allocation of Funds:

  • 15% Admin and legal advisory
  • 20% Marketing and community
  • 40% Development
  • 5% IT structure
  • 20% Teams

Team

From Italy, 12 team members are listed.

Paolo Lettieri – Co-Founder/CEO.  Managing Partner for the last 9 years at UPA (Urbanism Planning Architecture), a giant international architecture firm based in  Milano (Italy), Abu Dhabi (UAE), and Baghdad (Iraq).

Alex Dell’Orto – Co-Founder/CTO. 10 years as Senior Architect at Laboratorio 51 srl.  Chairman of the Internation Blockchain Real Estate Association.

Stefano Prosdocimo – Co-Founder/CISO. Many years experience as H&S Manager for Sematic Italia and Autostrade per L’italia s.p.a.

Federico Riva –  Head of Web Development. Owner of K30 Creative Studios for the last 7 years. 4 years Digital Art Director and Strat at Lorena Antoniazzi. Knitwear.

There are 7 advisors listed, 4 of those are in head positions at FIBREE (Foundation for International Blockchain and Real Estate Expertise), alongside Alex Dell’Orto.

Verdict

BrikBit is working to create an Ecosystem where Real Estate Assets can be exchanged as Digital Shares. If they can deal with regulations, their protocol could eventually be used world wide. Right now though, only countries where a real estate blockchain based registry is under development will be able to participate. Countries such as Georgia, Sweden, Estonia, Ukraina, Honduras, Bermuda, Japan, India, Ghana, and Dubai Emirate (UAE).

Risk

  • Although BRIK is a utility token, exchanges may label it security and stay away from listing it. -1
  • Despite speaking at several blockchain conferences since 2016, no partnerships have officially formed. When asked about this they said, “After a few successful International events and presentations, we are currently speaking to many big names within the Financial, Legal and Engineering worlds to study every aspect of the ecosystem.We will communicate every official new partnership as they become official.”-1
  • Regulations. They are Swiss-based and comply with the local authority FINMA. They have legal advisors to help once BrikBit starts entering other jurisdictions, but this won’t be easy. The framework to link property rights and digital shares will be challenging..-1
  • Unsold tokens will be stored and used for testing, for future operations, and for resources for the first Real Estate pilot project. This means lots of token dumpage coming down the road. -2
  • There is an insane amount of inflation created to reward the block producers. -2

Growth Potential

  • Strong team +3
  • First mover advantage. +2
  • This isn’t just a platform, it’s a protocol that could eventually allow countries everywhere to run their own custom blockchain. +3
  • The team is out there on the conference circuit. Founder Alex Dell-Orto presented BrikBit in 2016 at the 1st IBREA (International Blockchain Real Estate Association) conference in Los Angeles. +1

  • Answering questions in Telegram, the team said, “We believe it will take 6/12 months to spread BrikBit adoptions to a core base of operators and corporations. However, to answer your first question (becoming the preferred method), timeframe realistically will be years, since we intend BrikBit to become the standard of the industry in the next few years.”+2
  • The whitepaper and roadmap are well thought out and professional. +2

Disposition

BrikBit has first mover advantage in an industry with unlimited growth. However, their token metrics, lack of hype,and the state of the crypto market as a whole makes participating in this token sale extremely risky. Chances are BRIK will be much cheaper after it hits exchanges. 6/10

Investment Details

  • Symbol: BRIK
  • Platform: LISK
  • Total Supply: 100 million
  • Crowdsale: 75 million tokens available. (Starts Nov 29th)
  • Price:  2,000 BRIK = 1 ETH.
  • Hardcap: 24,000 ETH
  • Softcap: 3,000 ETH
  • Websitehttps://brikbit.io/
  • Whitelist: (KYC by Nov 25th to get a 15% bonus)  https://whitelist.brikbit.io/
  • Telegram: https://t.me/BrikBit
  • Jurisdictions Barred: USA and China

Unsold tokens will be used for future operations and resources.

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 26 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

ICO Analysis: CWEX

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Investing in fine wine is a very attractive proposition. However, if you don’t know what you’re doing, it’s risky business. When acquiring wine over the internet, collectors have to deal with high fees, counterfeit bottles, border taxation, regulations, and insurance. And then if their bottle arrives in one piece, they have to worry about storing it properly. CWEX is using the skills of the blockchain to help investors cut down, even eliminate, most of these costs.

“We provide fine wine vendors and cryptocurrency owners with the possibility to trade together for the first time in a live market environment on a truly global scale.”

Based on EOS, CWEX is creating a fine wine trading platform, and onboarding trusted partners and vendors. Every rare wine bottle offered for trading is provided with a unique certificate of authenticity issued on the blockchain. This certificate provides a buyer with an “unambiguous identification of his investment.”

Crypto holders that want to invest in wine, can trade it on CWEX platform without ever holding the bottle and worrying about insurance/storage. CWEX will store it for them in their Swiss-based facility. And all they need to trade with is their certificate.

The trading platform is managed by two separate entities; DotChain GmbH and Crypto Wine Exchange (CWEX).

DotChain GmbH (Switzerland) ensures the contractual validity of the fine wine products, trade accountability, and product authenticity.

Crypto Wine Exchange (Hong Kong) is the blockchain based marketplace.

Here’s how it works:

  1. Registered traders place a bid or offer on selected fine wine.
  2. Once offer is matched the trader is notified.
  3. CWEX, in partnership with DotChain GmbH, secures the asset, meets all the compliance requirements and insures your asset.
  4. A blockchain based ownership certificate is transferred to the buyer. it guarantees the bottle’s authenticity and the investment value.
  5. As the certificate owner, you have three options; 1) your ownership certification can be traded on the platform. 2) its held for the price appreciation. or 3) have your wine delivered to your house.

Token

CWEX is the native Crypto Wine Exchange token. It is built on EOS for unmatched TPS, scalability, no fees, multiple wallets, and intuitive smart contract programming.

The main benefit of CWEX token is that it reduces trading fees. The system gives discounts of deductible fees automatically on the condition of having enough CWEX in your account.

Distribution:

  • 62% Crowdsale
  • 12% Community growth
  • 14% Team
  • 3% Bounty
  • 5% Legal
  • 4% Future stakeholder

Allocation

  • 25% Global partner and vendor management
  • 25% CWEX platform development
  • 25% Market compliance management
  • 25% Expansion and operations

Team

From Switzerland, this impressive team has 5 founders.

Jacob Manuel Kallupurackal – Co-Founder/CEO. He has worked for Cisco since 2015 as a Global Training Program Manager.

Maxim Andersen – Co-Founder/Blockchain Expert. 5 years as a Beam Instrumentation Specialist for CERN. Over 2 years as Software Engineer at CISCO.

Thomas Tsang – Co-Founder/Project Manager. 3 years as Remote Participation Analyst for the United Nations Telecommunications Union.

Nadir Zemrani – Co-Founder/Finance Manager. Master of Business from Swiss Management School in 2017.

Stephen Gonah – Co-Founder/Compliance Expert. Spent 14 years in different Officer roles for UNHCR, the UN Refugee Agency.

David Guye – Partner Relations Manager. Huge wine expert.

Their current Advisory Board has 4 members. 3 of them look impressive with experience at JP Morgan, UN Food Program, HSBC, and Schroders.

Verdict

Despite being a risky and challenging investment, if it turns out fine wine, it can be quite profitable. According to wineinvestment.com, “the fine wine market has consistently delivered a positive absolute return over any 5-year return. More importantly, of the total 57 Five-Year periods that we covered (2008-2018), only 9 periods experienced negative returns.”

Risks

  • The token use case isn’t very exciting. It looks like most of its purpose is to save on trading fees. -1
  • The community is small. 300+ Twitter, 100 viewers of their ad video, 4,000 Telegram (bounty chasers). -1
  • 5 co-founders is a lot of chefs in the kitchen. -1

Growth Potential

  • As stated above, wine has consistently delivered positive returns to investors. When traders start making even better returns thanks to CWEX, and word gets out, it will ramp up the entire market. +3
  • On Crypto Wine Exchange, you can trade in CWEX/EOS/BTC/ETH/NEO/USDT. +2
  • The team is high grade. +3
  • There are a lot of wine collectors/investors out there. +2

Disposition

Cool concept. Great looking team. Very possible this project ages like a fine wine. 7/10

Investment Details

  • Symbol: CWEX
  • Platform: EOS
  • Total Supply: 89 million
  • Amount for Sale: 55 million (62%)
  • Price: $0.20
  • Presale: Dec 15 – Jan 9th (20% bonus)
  • Public Sale: Jan 10- March 31
  • Hardcap: $10 million
  • Softcap: $1 million
  • Website:  https://cwinex.io/
  • Telegramhttps://t.me/cwexio

All unsold tokens will be burned

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 26 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

ICO Analysis: MOBU

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There’s a lot of buzz around security token offerings (STOs), and for good reason. There’s an $80 trillion securities market that has barely been touched by blockchain. Uncertainty and discrepancy in regulations have stifled the market up to this point. But it’s just a matter of time before the world is swimming in STOs.

This new project, MOBU, wants to provide a platform for launching compliant security tokens. This platform will “incorporate the ability to select experienced legal counsel across multiple jurisdictions within the platform, token issuers can be sure they can create compliant tokens customed to their local jurisdictions.”

From the whitepaper:

“MOBU is a decentralized blockchain based organized ICO platform for launching compliant security tokens. Real businesses such as property development companies, gold mines, retail companies and many more will be able to launch security tokens on the MOBU platform. MOBU connects approved entrepreneurs and investors by cutting out middlemen.”

Some core features of the platform:

  • MOB20 Protocol that defines a set of commands for security tokens to implement.
  • Supports Reg S, D, and A+ compliant security token offerings.
  • Vetted tender process for: legal providers, smart contract developers, escrow providers, KYC providers, etc.
  • A new standard called, Know Your Supplier (KYS), for complete due diligence compliance for all service providers using the platform.
  • A rating system for service providers which will create a free marketplace for investors.
  • A network of authorization centers for KYC/AML compliance.

This is only a taste of what MOBU plans to offer; check out the whitepaper here for more details.

Token

MOBU is a utility token and is the key to smart contracts and the ecosystem. Found on  pages 15-18 of the whitepaper is all the different purposes of the token, including MOBU Referrals, “where companies or individuals referring ICO issuers onto MOBU will be rewarded in MOBU tokens which will be equivalent of one year’s revenue generated on the platform by the percentage of fees generated from the marketplace.” Additionally, “This amount will be paid in MOBU and locked-up over a 3-year period also ensuring an increase in demand and scarcity of MOBU.”

There is also what’s called a “lockup” utility: All the ICO service providers on the MOBU will stake a certain amount of MOBU tokens to receive the right to operate in the ecosystem. These tokens will be locked up for the full duration while the service provider remains and utilizes the MOBU ecosystem.

Distribution:

Team

Mostly from South Africa, 12 members of the management team are listed. As a whole, they seem good, but not great. Here are a few that stood out.

Juan Engelbrecht – Founder/CEO. Also founded Zaber (a large South Africa crypto farm) in 2015. He spent 2 years as Director at Khalifa Capital. Has been Director at Evolve Fund Managers since 2013.

Paul Pelser – CFO.  He spent 17 years as an accountant for PSP Pelsar Accountants. He has been the owner of Pregal Mining for the last seven years,

Paresh Masani – Blockchain/security engineer. He spent three years as Mobile Platform Exec Director at Goldman Sachs, London. Senior Director at Thomson Reuters and ETX Capital.

A total of 12 Advisors, and two are from Realstart.com, a custom software development company. At least six of them are ICO experts and three are blockchain enthusiasts.

Verdict

This is an extremely attractive project andnd it looks like the hype/demand for this token is there. They already raised $3 million in the pre-sale, and are asking for just $6.5 mill more in the public sale.

Being a front-runner in the cryptocurrency space has proven to be a beautiful thing. When we asked CEO Juan Engelbrecht, who is your nos 1 and 2 competitors, he named Securitize and Polymath. Polymath has a $75 million market cap.

Risks

  • Pretty much crickets in their GitHub. Twelve followers. -1
  • No MVP out yet. They provide this video of what the MVP will look like, though. -1
  •  Non-accredited investors from the US are banned from using the platform. This is the opposite of a risk but gets a minus nonetheless. -1 
  • Their Blockchain Engineer, Paresh Masani (Goldman Sachs and Barclays) is a stud. But the rest of the team and advisors seem pretty average. -1
  • At this point in time, no major exchange is going to list the security tokens birthed from MOBU. When asked about this in Telegram their CEO said, “LA token has a security token exchange division. Also, MOBU is securing equity stake in an operational stock exchange. GBAX and Tzero will also have security token exchanges available soon.” -0.8

Growth Potential

  • They already have a Chrome and Gold mining business signed up to tokenize through MOBU. +2
  • The $9 million hard cap leaves all kinds of room for gains.+3
  • 120 million tokens is all there will ever be; 100% of them will be sold in the ICO. +1
  • MOBU will develop a First Forex Percentage Allocation Money Management Account and will retain 20% of the authorized tokens to put back into the development of the MOBU Platform.+2
  • From the company: “MOBU token will be available on most exchanges such as Bancor but have already been approved by COINEXCHANGE, CRYPTOPIA, IDEX, GET BTC, HitBTC, LIVECOIN and YoBit.net.”+2
  • Although most of these reviewers have lost credibility over the last year, their strong scores prove the hype train around this project is real. +2

Disposition

We usually don’t cover ICOs post-pre-sale, but this one is an exception because it’s still an attractive deal. The pre-sale bonus was 25%, and if you are fortunate enough to get into this crowdsale the bonus will be 20-25% depending on how early you get in. After that, the sky is the limit for MOBU.  7.2/10

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 26 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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