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ICO Analysis: Trust Platform

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It’s been about 10 years since the release of Bitcoin and blockchain technology.

While the larger blockchain and cryptocurrency spheres have come a long way, adoption is still very low relative to the overall global population.

Trust Platform is one of many projects aiming to solve the adoption problem.

In their opinion, things like poor User Experience (UX) are holding back the mass adoption of blockchain technology.

With their secure, yet easy to use mobile applications, Trust Platform wants to encourage the adoption of blockchain and crypto by offering a one-stop shop for Ethereum-based solutions. The main problems they want to solve are as follows.

  1. Complex user interfaces
  2. Not many real life uses for crypto
  3. Grueling processes for registrations as well as account and password management
  4. Lack of decentralized application (dApp) accessibility on mobile devices
  5. Poor incentivization of dApp development
  6. Lack of reliable dApp marketplaces that have things like ratings and reviews

So far, they’re doing a good job:

Trust Wallet has glowing reviews both on the App Store and Google Play Store.

According to Trust Platform’s whitepaper, Trust Wallet has experienced ~1,100% growth since the beginning of 2018.

With Trust Wallet, users can send, store, and receive Ethereum-based assets like Ethereum, Ethereum Classic, and Ethereum-based tokens (ERC20, ERC223, ERC721).

Also provided in the app is Trust Browser, which allows for interaction with any dApp like Bancor, CryptoKitties, etc. straight from the app.

TST Token Economics

So where does Trust Platform’s token (TST) come into play?

TST is an ERC20 token that powers Trust’s ecosystem:

dApp Listings

dApp developers have to deposit TST to list their dApps and get in front of Trust’s user base. Listings are subject to a vetting process (voting, vouching, and reputation) to prevent listing of undesirable dApps.

Deposits can be withdrawn but doing so means dApp de-listing.

Rejected or removed dApps lead to a forfeiture of deposits, which are distributed according to the Token Contract for In-app Proceeds – explained below.

dApp Promotion

Developers can use TST to feature their dApps in the Trust dApp marketplace.

Proceeds will be distributed according to the token contract’s distribution for platform revenue.

dApp Reviews and Ratings

Trust users can use their TST to leave dApp reviews and influence dApp ratings. This will ensure that only quality dApps survive in the marketplace. TST collected by the Trust team will be allocated according to the Token Contract for In-app Proceeds.

Rewards will also be given to active reviewers.

Vouching, Reputation and User Validation

Once users are verified, they can use TST to vouch for or flag other users and dApps on Trust Platform.

For example, not only do dApps have a rating or reputation, but developers themselves do as well.

TST used for Trust Platform participants’ reputations will also be distributed according to the token contract.

Collectible Marketplace

Digital collectibles (e.g. cats on CryptoKitties) are growing in popularity rapidly.

However, these collectibles are not just Ethereum-based but available on various other platforms as well.

Trust Platform, with their simple but secure interface, wants to become the go-to for anyone looking to trade their digital collectible(s).

Since collectibles are hosted on different blockchains like Ethereum’s and so on, Trust wants to enable cross-blockchain (e.g. between Ethereum and Stellar) trading of collectibles. To standardize the pricing of collectibles across different blockchain markets, collectibles that trade on Trust’s collectible marketplace will be priced in TST.

According to Trust, a single currency for collectibles should make collectible trading easier, increase collectible adoption, and promote collectible value.

Small transaction fees that are collected by Trust Platform will be distributed according to the platform’s token distribution contract for revenues.

dApp Grant Program

30% of fees and commissions collected by Trust Platform will be used to incentivize developers that develop dApps promoting promotion of blockchain technology on mobile through Trust’s dApp Grant Program.

Community Incentivization

Trust will have a reward pool of TST for users that actively test and review dApps.

This should also draw in developers who want to benefit from the insights of many beta testers.

Token Contract for In-app Proceeds

Fees collected by Trust Platform will be used in the following manner:

  • 40% Development Team
  • 30% Community Reserve Pool
  • 20% dApp Grants
  • 10% Marketing

Trust Platform’s ICO or token sale will have 2 phases.

  1. Private sale (before the public one)
  2. Public sale – held on Kyber Network

No bonuses or discounts are offered for either private or public investors.

The public sale will have a maximum contribution limit (unspecified as of writing), but for both public and private, no greater than 15% of the total circulating supply will be sold to any one person or group.

Total TST Supply: 100,000,000 TST

  • 50% crowd sale (50,000,000 TST)
  • 24% reserve (24,000,000 TST)
  • 16% team (16,000,000 TST)
  • 6% advisors and partners (6,000,000 TST)
  • 4% marketing (4,000,000 TST)

There will be no vesting or lock-up for the crowd sale.

Reserve tokens (used for building the ecosystem) will be vested over 2 years (released every 6 months).

Team tokens will also be vested over 2 years with releases every 6 months.

Advisor and partner tokens will be vested over 9 months with 25% released every 3 months (first release starts at initial token distribution).

Token sale proceeds will be used for the following (subject to change according to whitepaper):

  1. Core development 60%
  2. Marketing 20%
  3. Legal and operations 10%
  4. Security 5%
  5. UX 5%

Team

Trust’s team is mostly based in San Francisco, USA with other offices in Canada, China, Australia, Russia, Ukraine, and Gibraltar.

CEO Viktor Radchenko – was Co-Founder and CTO of Trucker Path, a highly-rated app for truck drivers.

Advisors

John-Paul Thorbjornsen, CEO of CanYa, a cryptocurrency-based services marketplace. Advisor to numerous other blockchain/crypto startups.

John Ng Pangilinan, Founder of Signum Capital, blockchain-based investment fund with investments in notable projects, such as OmiseGO, TenX, Kyber Network, and more.

Renqi Shen, part of Investment Team at Fenbushi Capital, first China-based, blockchain venture capital firm and one of the earliest blockchain VCs in general (2015). Fenbushi has numerous investments in high profile projects like Circle, Parity, Sia, TenX, VeChain, and ZCash.

Partners

On their website, Trust Platform lists partners like Kyber Network, Changelly, and more but the details of said partnerships are undisclosed.

Verdict

Below is a breakdown of the risks and growth opportunities associated with the Trust Token platform.

Risks

  • Trust apps doing well but growth of ecosystem depends on continued growth of apps, e.g. apps have to be popular for developers to want to buy TST and list their dApps on them. Also faces competition from other mobile crypto solutions. -0.2
  • Some of the other uses for TST seem weak – e.g. why would someone pay TST to leave a dApp review? -0.2
  • Not a lot of hype so far – e.g. Trust Platform’s Twitter has less than 1,000 followers and Telegram less than 6,000 (as of press time). Worrying since ICO about 2 weeks away -0.3
  • No information on private sale max contribution – could be up to 15% of circulating supply for any group or individual. Combined with no vesting or lock-up for crowd sale, very worrying. -0.5
  • Team not as strong as those of other projects -0.5
  • No details on partnerships -0.3

Growth Potential

  • The apps are doing very well thus far. If they continue to do well, the ecosystem has potential +4
  • Decently influential (in the blockchain and crypto spheres) advisors, such as Renqi Shen of Fenbushi Capital +2

Disposition

Though Trust Platform already has some decent mobile apps that are being used by a decent amount of people, continued growth of the ecosystem depends on these apps continuing to gain adoption relative to other apps. Given the team’s weak marketing efforts and abundance of similar competitors, this could prove difficult.

Moreover, TST demand largely depends on growth of the apps and larger ecosystem.

Relatively weak team and lack of details on partnerships don’t help either.

Lastly, private sale max contribution is unspecified but potentially high (15% for any group or individual), which could mean potential dumps by whales.

Trust Platform ICO receives a 4/10

Investment Details

  • Type: ERC20 – Utility
  • Symbol: TST
  • Platform: Ethereum
  • Crowdsale: July 10th, 2018
  • Minimum Investment: Unspecified
  • Price: 1 ETH = 2,500 TST
  • Hard Cap: 20,000 ETH
  • Payments Accepted: ETH
  • Restricted from Participating: United States of America, Canada,People’s Republic of China, New Zealand, Republic of Korea, Cuba, North Korea, Serbia, Tunisia, Somalia, Zimbabwe, Congo, South Sudan, Sudan (north), Sudan (Darfur), Turkey, Iran, Iraq, Libya, Syria, Ethiopia, Yemen, Sri Lanka, and Venezuela.

For More Information

Trust Platform Website

Featured image courtesy of Shutterstock. 

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

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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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4.8 stars on average, based on 33 rated posts




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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

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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