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ICO Analysis: Parsec Frontiers

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Massive Multiplayer Online Worlds continue to gain in popularity. And now that in-game transactions can be put on the blockchain, the industry will  continue to grow and innovate. The massive team at ArtPlant is building what they hope is the next big thing, Parsec Frontiers.

Parsec Frontiers is an MMO world, with a complex virtual economy where tradable assets are secured and tracked on the blockchain.

With a persistent game universe and timeline the race is on to explore, expand and exploit the riches to be found in other star systems. Players will mine and refine rare elements, build advanced starships and defense systems and buy and trade resources at a profit on the planetary exchanges. Everything is tradeable and anything is possible.

According to the project:

“Players can explore the Milky Way galaxy, extract and trade resources, freight goods, attack others at their own peril, manufacture new and more advanced objects, research technology, create or join alliances and utilize ownership of space stations and resource extraction rights to ultimately expand their empire and wealth. All in-game items and resources are stored on a blockchain.”

Parsec Frontiers takes place after humanity’s demise. A procedurally generated version of the Milky Way gives players a sandbox galaxy to explore and build up from scratch. Players can buy or construct ships and travel to any point of the galaxy in 3D. After discovering resource locations or habitable planets, they can harvest and exploit these for themselves or sell the information to others. The resources can be traded, used for crafting purposes, or used to build infrastructure for more advanced projects.

Key features include:

  • Freedom and open markets: In this environment, goods are traded between systems, with smart contracts letting players write their own job offers, trade agreements and terms of use for their properties.
  • Real economy: Allows players to exchange Parsec tokens from ether and back again.
  • Travel and exploration: There will be two forms of travel offered, in-system and interstellar.
  • Crafting: Any object in Parsec Frontiers except raw materials are crafted by players. Resources are turned into small items or components, which again can be used as a part for a more complex crafted object. An example could be raw metal, which together with polymer and the correct blueprint can be turned into a control board. The control board could then be combined with other objects to craft an engine, which again could be used as a component to create a vehicle or a component for a vehicle. Certain objects can be crafted by simply having the materials and recipe available. Other more demanding projects require a construction facility which can be built on habitable planet plots controlled by the players.
  • Colonization: In Parsec Frontiers, habitable planets are a scarce and valuable resource. When players stumble across data suggesting a likely candidate, they can move in closer to do more accurate scans. Should the planet prove to be habitable, it can be claimed by the player for a fee, or the information about its whereabouts can be sold to someone more capable of colonizing it. Only planets that can naturally sustain a human population can be claimed.
  • Combat: Protect your belongings or take otherpeople’s stuff. Parsec Frontiers is a game of tactical decision making, and combat will occur at a pace slow enough to think every action through. Captains will try to gain the tactical advantage while targeting exposed or vital systems on the enemy ship with various offensive systems. Range and speed is a crucial factor, allowing more agile ships to reach a tactical position or make a hasty retreat. Explorers will have to tread cautiously as remnants of an alien civilization pose a very real threat when leaving explored space.
  • Limited and collectible in-game assets: They are currently auctioning off 100 ships, which will never be reproduced. They will continue to do this with other items for all the info go here.

All transactions in the game are stored on a decentralized ledger. This type of transparency enables new business models never before seen in the gaming industry.

Advantages of having a massive multiplayer online game on the blockchain:

  • Practically instant data organization and access.
  • Player accounts have real value.
  • Eliminates the middlemen who change the rules for their benefit.
  • Open voting introduces new assets and balances the economy.
  • Trustless ownership.
  • Token model aligns the interest for all actors, replacing them and ‘us’ and ‘we’.

Token

PRSC is the only accepted tender for all virtual economy transactions, providing safe secure and reliable payment and acting as a store and measure of value for all participants.

PRSC can also be exchanged for Ethereum, and as the players accumulate in-game wealth, they also accumulate real-world money. The team will try to get PRSC on as many exchanges as possible so that the currency is liquid

New players will buy into the game at a minimum price which gives them an allotment of PRSC. they can then use the PRSC to invest in ships, equipment, plots and resources needed to play the game.

If the player is successful in their hunt for riches, their surplus of items can be sold on in-game exchanges for Parsecs. And Parsecs not needed for new in-game items can either be cashed out on an external currency exchange or continuously held in the game account as an investment.

The allocation is as follows:

  • 60% pre-sale/crowdsale
  • 14% Buffer to Foundation
  • 10% Advisors
  • 10% Developers
  • 5% Bounty
  • 1% Airdrop

Team

The project is undertaken by renowned game development Artplant studio, based in Norway and Russia. The team of 15+ people has 5-25 years of game development experience and extensive experience with MMOs and virtual worlds.

The project has six advisers, including three listed below.

Christian Lassem: Creator of Planetarion, later followed by AD2460. They are both reference games that online space games have been inspired by, and they still have an active community.

John Kavanagh: An accomplished industry executive with a video game career of nearly 35 years. He has also been involved in designing, developing and licensing games and technology to Sega, Nintendo, Apple, Atari, Commodore and Broderbund. He’s since worked at Eidos, Crystal Dynamics and Paramount Pictures.

Shaban Shaame: Founded EverdreamSoft, a Swiss-based game company, in 2010. He pioneered in-game blockchain integration with Spells of Genesis and BitCrystals economy, giving players true ownership of their digital game assets.

When it comes to the dev team, many are from Artplant.

Verdict

On the surface level, this seems like an easy pass. But after digging into it, it seems more like a good gamble. It’s definitely been overlooked by investors. The team is legit and are trying to produce quality.

Blockchain-based MMOs will have a giant place in the future gaming industry. Putting digital assets on the chain so that they can be securely traded like tokens is game-changing.

Parsec is partnered with BitSpace, an up and coming block producer candidate and new project incubator for EOS blockchain. BitSpace was campaigning hard to bring Parsec Fronteir to EOS. However, they decided to go with NEO. According to Telegram, NEO hasn’t announced Parsec to their community yet. NEO is a  huge and passionate community. This game could get many new players once they start marketing.

Risks

  • More often than not, ambitious MMORPG projects such as Parsec underestimate and over-scope what it will take to produce, and the game never gets released. -1.5
  • The original token sale was only supposed to last 2 weeks in May. However, they were nowhere near hitting the cap, so they extended it until the end of June. As of May 25, they have raised  850 ETH. Their soft cap is 2,500 ETH and the hard cap is over 10,000 ETH. -3
  • Scalability is always an issue. They will build on the NEO blockchain, which is extremely risky at this point. Here’s the quote given in their whitepaper about how they will handle this issue:

“The modular approach also has the benefit of scaling well with the money raised to fund the project. We see many projects requiring a huge amount of money just for an initial release, not to mention the cost it takes to run and expand an MMORPG. Parsec however is a manageable project to get out the door, but scales infinitely upwards as time passes and funding is secured. Over time, we believe Parsec will be one of the richest MMO experiences on the market, and a true next generation of blockchain gaming.” -2

  • Marketing seems lacking. If they can’t sell out their soft cap, what makes them think they will be able to introduce this game to the masses? -2

Growth Potential

  • A large supply coins, if popular, have typically done extremely well in terms of ROI for ICO contributors. +1
  • Partnerships. As mentioned above, Parsec is partnered with BitSpace. Axie is a fantasy creature collecting game. Shufti Pro is a screen identity verification tool. And EverdreamSoft is a Swiss-based mobile game and app developer, created Spells of Genesis. +2

  • Space-based MMO Eve Online does not publish subscription numbers, but reportedly has about 500,000 monthly subscribers. Star Citizen is on track to raise close to $200 million from over 2 million prospective players. The team at Parsec wrote a blog breaking down what could happen to the token value if this game gets adopted. +3   
  • The team has had success in the past with games such as Battlestar Gallactica Online, which has seen over 20 million users.+4
  • The rare in-game assets will be sold on exchanges such as WAX. If this game goes mainstream, some of these ships that can be bid on today for 1 or 2 ETH, could be worth thousands of dollars in the future. Players are bidding on ships as we speak here .+2
  • Here’s a 5 minute demo showing what they have so far:+2

Disposition

This is a possible sleeper that could either pay off huge or crash and burn. Blockchain-based MMOs will have a giant place in the future gaming industry. Putting in-game digital assets on the chain so that they can be securely traded like tokens is game-changing. 5.5/10

Investment Details

  • Platform: NEO
  • Symbol: PRSC
  • Total Supply: 30,856,775,800 (30 billion)
  • Soft Cap: 2500 eth ($1.5 million)
  • Hard Cap: 10,759 eth ($6.5 million)
  • Price: 1 eth = 1,300,000 PRSC
  • Pre-sale/crowd sale: starts May 15 – June 30. currently in round 1= 30% bonus
  • Telegramhttps://t.me/ParsecFrontiers
  • Whitepaperhere
  • Websitehere

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 Analysis: IOV

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Although it is not extremely hard for tech-savvy people to get familiar with different blockchains, wallets, and exchanges, newcomers usually find all these quite complicated and troublesome. To keep his or her crypto-assets safe, one needs to create different wallets for every blockchain and performing transactions between wallets of the same chain is not exactly a pleasant experience as public keys acting as wallet addresses are quite long, hard to memorize and all these can lead to the common human error of sending these assets to wrong addresses. Due to most blockchains’ immutable and irreversible nature, once such an error is committed, one has a very small chance to get his or her assets back.

Indeed, surveys conducted among cryptocurrency users seem to agree with this line of reasoning. It is estimated that around 30% of the total BTC created are lost forever due to human errors and almost 95% of survey attendants acknowledge that they feel anxiety while sending crypto-assets. To solve these two important issues of the crypto-verse, the IOV team introduces two products, Blockchain Communication Protocol (BCP) and Blockchain Name Service (BNS).

Blockchain Communication Protocol enables the IOV platform users to keep their assets of different blockchains in the same place, removing the need to use several wallets. Thanks to this protocol, initially disconnected blockchains now can interoperate and users can exchange one crypto-asset of a blockchain with another of a different blockchain as the protocol allows cross-chain atomic swaps.

As this does not remove the problem of randomized public keys and the possibility of human error of sending assets to wrong addresses, Blockchain Name Service solves the second problem by providing a customizable naming service for wallets. These human-readable addresses, for instance, isabella*iov.value, will replace traditional value addresses, for instance, 17Rts7fvY9Co2kja4DirzAbFX57j858yfx, and make it much easier for users to send funds with a lower margin of error. It is also possible for blockchain entrepreneurs to create their projects in an easier way, thanks to the deployment tools and templates available to the person of interest.

All one needs to do in order to benefit from all these services that the IOV team provides is to use the user-friendly IOV wallet.

Token

The IOV token is used to pay the fees to create a new entity or transfer the ownership of a blockchain name or a value address name in the Blockchain Name Service. Staking IOV tokens is required to be a validator.

The token sale is conducted in three stages. In the first two stages of the pre-sale, contributors are asked to pay €0.08 and €0.09 per token respectively. As the public sale price is determined to be €0.10, the ICO investor should not worry about these low discounts which are provided to early contributors.

Although the IOV team is planning to move to their own native blockchain later, IOV tokens will be initially ERC-20 tokens and later will be swapped with native tokens. That is to say that the ICO investor should keep up him- or herself with the news and not miss the swap period.

IOV tokens will be minted based on demand, meaning that there is not a pre-determined number of IOV tokens to be created and thus there will be no unsold tokens. The team is planning to have the following token distribution:

  1. 65% private and public sales
  2. 12% company reserve for staking
  3. 3% bounties
  4. 20% founders, advisors, and employees

Tokens allocated for founders and employees will be locked up for one year and then 1/12 of these tokens will be released per month. Advisor tokens will be released after one year.

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

  1. 50% software development
  2. 30% marketing/sales
  3. 15% admin/legal
  4. 5% ecosystem

Team

Isabella Dell: Before joining as the chief system architect to Lisk, Dell worked as a system engineer at Cerner Corporation and as a technical solution architect at Sharp HealthCare.

Serge Karim Ganem: Ganem was the international project manager at Havas New York.

Ethan Frey: Prior to becoming IOV’s director of development, Frey worked as a senior software engineer at Tendermint.

Benjamin Simatos: Simatos was an executive director at J.P. Morgan for five years and an associate at Goldman Sachs for three years and two months.

Verdict

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

Risks

  • Although the before mentioned problems are considered to be quite important within the cryptocurrency community, a hard-cap of €25,000,000 seems high. (-2)
  • The token has little use-case, especially among veteran crypto-currency investors. (-2)

Growth Potential

  • The project is led by the former chief system architect of Lisk, Isabelle Dell, and an ex-senior software engineer of Tendermint, Ethan Frey. (+3)
  • As there are not many projects with similar goals, the competition is low. (+2)
  • If the project gets popular among newbie crypto-investors, a network effect is possible. (+2)
  • Low bonuses provided to early token sale contributors prevents an immediate dump upon listing on exchanges. (+2)

Disposition

Two problems that newbie crypto-currency investors face are that they have to create new wallets for each blockchain, keeping their public and private keys safe. Another is the common error of inputting a wrong address while sending crypto-assets due to complicated public keys. IOV’s Blockchain Name Service and Blockchain Communication Protocol enable these investors to keep their funds in one single wallet and customize their wallet addresses, making it less troublesome and easier to avoid human error. The project is founded by experienced blockchain developers such as Lisk’s Isabelle Dell and Tendermint’s Ethan Frey.

The absence of projects with similar goals means that IOV will not meet much competition and that it might find itself quite popular in the case of widespread public adoption. Still, a hard-cap of €25,000,000 can be considered too high for this project. It is also extremely possible that the IOV wallet will not find the expected popularity among experienced crypto-currency investors who already got used to dealing with different wallets and complicated wallet addresses. IOV receives a 6/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: IOV
  • Platform: Ethereum
  • Crowdsale: January 15th
  • Minimum Investment: Unspecified
  • Price: €0.10
  • Hard Cap: €25,000,000
  • Payments Accepted: BTC
  • 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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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 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

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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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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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