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ICO Analysis: Earth Token

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impactChoice is in the business of environmental impact mitigation, and will launch Earth Token this year. Its software solutions across industries help businesses calculate, assess and act on their carbon footprint. Businesses can more accurately pass costs onto consumers or offset environmental impact by, say, donating to a charity or buying and protecting a natural asset.

In order to manage such a complex arrangement, impactChoice decided to launch a permissioned blockchain ledger, the Natural Asset Exchange. The Earth Token will serve as the platform’s native token. “How had we allowed corporate greed to get us to a state where we could kill all life on this planet?” writes Co-Founder and Managing Director Leonard Harley in a blog post.

I closed my lucrative IT company immediately and focused all my efforts on trying to find some mechanism, some solution, some technological approach like a software platform – anything – to solve this problem. It’s life or death.

Harley says in the blog post that eight months of research informed his decision about how to implement impactChoice solutions for environmental impact mitigation into business transactions. “It struck me after doing my research that it’s not that difficult for companies to become responsible and environmentally sustainable if one looks at those mechanisms available in terms of market driven mechanisms,” he writes.

I concluded companies must take sustainability on as a strategic initiative within.

The Team

Angus Row is a Co-Founder and Chairman of Earth Token. He has a Graduate Diploma in Company Direction from the Graduate Institute of Management Technology and has attended the Owner/President Management Executive Education course at Harvard Business School.

Leonard Harley is a Co-founder and Managing Director, as well as an IT Director. He developed the first version of the company’s carbon mitigation trading platform in 2008, and taught himself to code at age 14. Harley is responsible for the day to day aspects of impactChoice, including strategy. He sees impactChoice projects from beginning to end, while also negotiating legal contracts with suppliers and clients. He founded PortalUniverse in 2000, but the company is now under the umbrella o impactChoice Group.

Peter Newell serves as Operations Director and Acting Financial Director. Mr. Newell served as a corporate adviser with the Co-operative Bank from 2006-2009. He holds a Bachelor of Commerce from the University of South Africa.

The Opportunity

Blockchain consortiums like R3 and Hyperledger convinced Harley that the blockchain platform could be the answer for managing the complex accounting of natural assets. impactChoice intends to do similar with the Natural Asset Exchange, which will be suited for the financial services and banking industry, “while also democratizing these industries.”

impactChoice opted to implement its solution atop the blockchain platform Multi-chain, a fork of the original bitcoin core protocol. The Natural Asset Exchange and Earth Token connects buyers of Natural Assets with sellers, while providing the perceived added benefits of blockchain technology.

Incorporated in the Republic of Mauritius, and established in 2009 to provide environmental sustainability solutions, ImpactChoice has decided to rebuild its platform based on permissioned-ledger and blockchain technology, the Natural Asset Exchange. That vision includes a native token, the Earth Token. impactChoice has offices in the U.S., U.K., South Africa and Mauritius.

Thinking more in terms of the large blockchain consortiums than open-source blockchain communities like Bitcoin and Litecoin, impactChoice sees itself as serving first business and even the “commanding heights” of society to help create a more sustainable way of life. impactChoice claims blockchain technology can allow for simpler accounting of mankind’s carbon footprint.

The Natural Asset Exchange, and native Earth Token, seeks to create a better way of managing the Earth’s Natural Capital. The blockchain-based platform and token connects natural asset producers and buyers, seeking to provide a flexible pricing mechanism for Natural Assets. This will eliminate fraud and double counting, the team claims. impactChoice envisages a blockchain-fueled natural commodity exchange eliminating the requirement for buyers to fund escrow accounts; minimum transaction volume; reduced transaction fees; and simultaneous fulfillment and settlement reducing lead times.

The project wants to conceptualize, develop and launch global voluntary corporate Emissions Trading Scheme; to establish exhibitor, conference and events specific teams, develop annual global participation calendar and execute. As well, the project envisages the commercialization of climate neutral fuel. By releasing rolling upgrades of enhanced functionality on both blockchain platforms each six months.

Funding will also go towards improving upon the impactChoice Natural Asset, and acquiring 3.5m tns of carbon credits from the Kariba + REDD project (carbongreenafrica.net) via the Natural Asset Trading Exchange, as well as Energy Management Systems company, as well as establishing a Network Operations Centre.

Certified Natural Capital Climate Asset project developers will be able to list their products (including carbon credits, RECs, metered output and more) on the platform. Goals for the firm include developing a Greenhouse Gas Protocol; strategically acquiring Identified Environmental Management Systems company, and interfacing EMS ISO 14001 modules into a core Carbon Mitigation Solution Platform. The project has highlighted its 1st investment (waste-to-energy project described above). 

The Catch

impactChoice has very limited blockchain experience, as far as the author can tell. Further, there will only be 60% of the overall tokens distributed. 40% will be held onto by the company. The inner-workings of the Natural Asset Exchange, furthermore, remain somewhat of a myster as the white paper does a nice job explaining the theory behind the Earth Token and Natural Asset Exchange, but fails to dive into the technicals of the platform itself.

Distribution

The Earth Token will be an ERC20 Standard Token, and will trade under the ticker ETN. This will be a maximum of 275 million tokens available. The project’s token sale is due to begin October, 23 2017. It will last but 21 days, and will be funded by Ethereum and Bitcoin. Distribution will take place 30 days after the token sale. There will be a PRE-ICO, and then three additional stages of the ICO. The minimum purchase is 1 ether or .1 bitcoin.

Funding will be put towards hiring; developing marketing materials and campaigning; developing sales collateral and executing campaigns across multiple channels; establishing and training sales teams; expanding territorial presence, marketing and sales reach, as well as developing and launching the Climate Asset Trading Exchange. The project also wishes to establish a non-profit foundation.

The Verdict

This isn’t financial advice, but, rather, a look into the different aspects of token sales and what makes them unique or the same.

Risk

  1. A red flag might be impactChoice’s lack of experience in the blockchain industry. Developing distributed applications is a different skillset than centralized software. There are other token sales with developers who are more experienced in the world of blockchain.
  2. That 40% of the tokens will be held by the team itself could represent a less attractive distribution pattern than offered by some other token sales.
  3. Comments about vesting periods of tokens throughout the white paper are vague.

Good

  1. The tokens being held by the team, according to the white paper, will be put towards marketing and business development which could help Earth Token acquire the key institutional partnerships it needs to make the Natural Asset Exchange a reality.
  2. impactChoice, who will be managing Earth Token and the Natural Asset Exchange, have a formidable track history in software development, working to this day with Hotel Verde and Oracle.
  3. Earth Token and the Natural Asset Exchange represent impactChoice’s move into a blockchain space few companies have looked into.
  4. The Natural Asset market is $120 trillion, a rather large market for impactChoice to find a niche in which to profit.

Disposition

We give Earth Token a 7 out of 10.

Due to its history, and its deployment in namely Hotel Verde, we believe the Earth Token is worthy of a 7.0. Its software is deployed in businesses globally, which is worth 5 points for us. That the company has been around for nearly a decade, and has worked with Oracle, is worth another three points. The development team’s lack of experience in blockchain technology, to be sure, is problematic aspect, and worthy of a one point deduction. Here are the three main takeaways Hacked sees:

  1. Worked with global software provider Oracle.
  2. Only 60% will be made available to public could place token holders at the whim of the project Team.
  3. The team has limited experience in blockchain technology.

Investment Details

The company, which wants to raise 200,000 ether, released April 2017 the latest version of its permissioned blockchain ledger climate asset management and trading platform. Demonstrating its confidence in Ethereum in its white paper, the project calls Ethereum “future-proof”, and cites IoT smart contracts. Learn more at Earth-token.com.

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

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5 stars on average, based on 1 rated postsJustin O'Connell is the founder of financial technology focused CryptographicAsset.com. Justin organized the launch of the largest Bitcoin ATM hardware and software provider in the world at the historical Hotel del Coronado in southern California. His works appear in the U.S.'s third largest weekly, the San Diego Reader, VICE and elsewhere.




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3 Comments

3 Comments

  1. Manymoney

    September 29, 2017 at 3:08 am

    I ask the owner to take over Earthcoin (eac) and built something nice over it, why raise money for the earth.

  2. jagrmeister

    September 29, 2017 at 9:43 am

    Ever since the prior writer has been replaced, the ICO reviews have been about “Save the Earth” or “Make the world a better place” without a stellar business model or team. We rely on Hacked to distill the better deals out there; last few reviews have not done that. If it’s going to be just – ‘pick one that where you like the idea and write about it’; it’s not going to serve an investor purpose.

  3. aboualseem

    October 2, 2017 at 10:21 am

    we want to make money please

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ICO Analysis: Ultrain

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Ultrain Technology Limited is a cloud computing and smart contract platform with a programmable tech-infrastructure and multiple add-on features. Ultrain will function as an infrastructure for scalable decentralized applications (dApps), as well as provide trusted computational services to multiple sectors, such as retail, shared economy, logistics, financial services, healthcare, and media/entertainment.

The company will use a new random trusted consensus framework allowing the network to use only 1% of computing power to mint new coins, freeing up the remaining 99% to be used by applications. Ultrain will provide computing power for network management, AI, user-friendly smart contracts, high-performance trust computation, and blockchain IoT services.

This business ecosystem is comprised of multiple business organizations separated into three sectors:

  • The Technology Sector: infrastructure services integrated based on public blockchain, AI, and IoT.
  • The Horizontal Services Sector: organizations that provide decentralized business services, including decentralized insurance, decentralized banks, decentralized loan services, etc.
  • The Vertical Application Sector: decentralized application services that can be implemented in numerous industries such as finance, retail, scientific research and development, manufacturing, logistics, entertainment, pharmaceutical biochemistry, food, real estate, education, agriculture, etc.

Consensus features of Ultrain:

  • Completely decentralized architecture
  • Ultra-large-scale network cluster
  • Multi-terminal support
  • High-performance computing
  • Decentralization design

Token

UGAS is the utility token that will be used within the Ultrain economic system. UGAS will be required to pay for the use of the computing power and third-party service components on Ultrain. Also, all participating nodes are required to mortgage UGAS. UTokens on Ultrain, similar to ERC20 tokens on Ethereum, will be issued by each dApps running on the network. dApps will choose their own consensus mechanisms and token metrics.

The project has already raised $20 million during a seed round, during which 10% of the token supply was sold. Five percent of token supply is allocated for private/public sale scheduled for Q4 2018. The overall breakdown is as follows:

  • 50% Mining
  • 15% Core Team
  • 10% Foundation/Ecology
  • 10% Private Sale (Already completed)
  • 10% Consultant & Community Building
  • 5% Future Private/Public Sale

Team

The Ultrain team is impressive, bringing extensive experience from powerhouse companies such as Alibaba, Google, IBM, and Ant Financial. Their experience includes IT, finance, blockchain, business, management, computer programming, & software development.

Team members include:

Rui Guo – Ultrain Co-founder & CEO. Former Technical Director for Alibaba Group. Former Senior Architect for IBM

Husen Wang – Ultrain Chief Cryptologist. Former Blockchain Cryptography Expert for Ant Financial. Former Project Collaborator for Luxembourg Institute of Science and Technology (LIST)

Yufeng Shen – Ultrain Chief Architect. Former Senior Technical Expert for Alibaba Group. Former Senior Software Engineer for Google

Advisors include:

Dr. Keyu Jin – Tenured Professor at the London School of Economics. Board Member for the Richemont Group. Harvard University PhD

Luyu Yang – Co-founder of musical.ly. Former Product Management Director for eBaoTech Corporation. Co-Founder of Snowbird Consulting

Verdict

Using a completely decentralized public network with lower operating costs, higher operating efficiency, and innovations in cryptography, Ultrain aims to surpass traditional public blockchain platforms in performance and scalability with up to 20,000 tps. With a stellar team and strong financial backing, Ultrain could become a major player by 2019.

Risks

  • Even with an all-star team, competing with the likes of Ethereum, EOS, and NEO is no small task. -1
  • Token metrics are a major aspect which ico investors consider. Based on current information available, the total market cap valuation is $200 million which is rather high in the current market. -1
  • The hype factor for Ultrain, which carries weight in the current crypto market, isn’t considered high. However, it is currently growing and gaining momentum. -1

Growth Opportunity

  • Ultrain will release important R&D milestones and be the keynote speaker at SF Blockchain week in October to kick-start the developer community building for Ultrain. There are several products to be released: (1) Public testnet launching, (2) Permitted mainnet launching, (3) Zero knowledge proof demo, and (4) Multiple DApps demo on chain. +3
  • Unitopia lab, a Blockchain research lab of the well-known Chinese video game developer Electronic Soul, announced a strategic partnership with Ultrain. Together, they will aim to establish a presence in this new market and make Blockchain video games a household product. +3
  • DApps will be able to use their own consensus mechanism or choose PoW, PoS, DPoS, POA, and RPOS. +2
  • Ultrain has an extensive list of investing partners including Draper Dragon, FBG Capitol, KuCoin, and Bixon. +2

Disposition

While Ultrain hasn’t gotten as much attention as some hyped up ico’s, this could work out in favor of investors who see an opportunity of an excellent project that’s been flying under the radar. The team and advisors are solid, they have a partnership with Unitopia lab, and they have the backing of numerous VC firms. All things considered, Ultrain receives a 7 out of 10 rating.

Investment Details

  • Type: Utility
  • Symbol: UGAS
  • Price: 1 UGAS = $0.20 USD
  • Total Supply: 1,000,000,000 UGAS
  • Private Sale: 10% of tokens (Completed)
  • Future Private/Public Sales: 5% (Q4 2018)

For more information regarding Ultrain:

Website: http://www.ultrain.io
Telegram: https://t.me/ultrainchain
Twitter: https://twitter.com/UltrainB
Facebook: https://www.facebook.com/Ultraincommunity/
Medium: https://medium.com/@ultrainchain

Featured image courtesy of Shutterstock.

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

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4.6 stars on average, based on 51 rated postsKent Hamilton - Co-Founder of CryptoDayTrader.io, where we are building Pro Crypto Tools




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ICO

ICO Analysis: Hedge

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When you buy your first cryptocurrency and start trading between pairs, usually you do in accordance with what you have heard from other people or your own research. Thinking that some project is truly good, you expect to make some gains. Yet it is always hard to have an estimation for “some gains”. Unexperienced traders usually get greedy, expecting more profit. This usually ends up with not taking profits and losing some of your investment. More experienced traders sometimes set prices to sell some or all of their tokens, taking profits and moving forward. This way of trading is basically predicting a price to sell cryptocurrencies: If you make a good prediction, then you sell at the peak. If not, either you are not able to sell as the price did not go up as much as you have predicted, or it keeps rising up which would be still a good trade.

Hedge is a platform allowing seasoned traders to sell their predictions. They create Blueprints with the predicted information in the form of a smart contract. They are required to stake HEDG tokens which can be seen as a measure of security, disincentivizing these investors’ spamming Blueprints. Platform users obtain these Blueprints in return for HEDG tokens.

A decentralized oracle then checks whether the prediction is true or false. If true, the predictor gets all staked coins. If not, the predictor loses his or her staked coins and the platform user gets his or her token back. Blueprint creators are ranked in terms of their success rates, streaks and so on. By checking creator’s rank, platform users can buy blueprints from more successful creators. Once you feel confident in your trading skills and predictions, you can create and sell Blueprints yourself on Hedge as well.

Yet a dispute over almost anything is possible. A platform user or a Blueprint creator can create a dispute about the result of his or her prediction. In this case, the disputer has to stake more coins and highly-ranked users decide whether the prediction is, in fact, true or false. If a person is false about his or her dispute, he loses these additionally staked coins as well. All this process, from the creation of a Blueprint to the dispute’s result, is conducted in a decentralized manner.

Token

HEDG tokens are used for the creation of Blueprints, buying these Blueprints and creating disputes. The staking mechanism, a quite common defense mechanism, ensures that spamming Blueprints is not financially viable for the attacker.

As tokens at any sale stage are sold $0.02, the ICO investor does not have much to worry regarding any huge bonus for private investors and so on. 90% of the hard-cap is already sold which is a good reason to think that the project has met interest to some acceptable degree and meeting the hard cap should not be hard.

The initial total supply of HEDG is 1 billion tokens with the following token distribution:

  1. 50% private and public tokens
  2. 10% seed round
  3. 20% team
  4. 12% partnerships and community
  5. 3% advisors
  6. 5% company

Team, partnership and community, and advisor tokens are locked for 36 months, 12 months and 12 months respectively. Once the lock-up period ends, tokens will be released in monthly installments.

There is no information on how the team is planning to use the token sale proceeds at the moment.

Team

CEO David Waslen: Prior to co-founding Chrysalis Capital Advisors Inc., Waslen was the director of finance at Handy, an application to book home services.

Allan Redman: Redman is a senior software developer at Siemens Canada. Before joining Siemens, he was a senior .Net developer at Schneider Electric.

Verdict

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

Risks

  • No advisors are listed as of September 15th. (-1)
  • In the absence of social media channels such as Reddit and Telegram, it is hard to gauge the community interest in the project. (-1)
  • A more complex prediction system instead of a true/false one could create more interest and diversity. (-1.5)

Growth Potential

  • The project has already met 90% of its hard cap in prior rounds and should not have trouble to hit the cap. (+2)
  • Prediction market cryptocurrency projects tend to do well in terms of return on investment. (+2)
  • Such a taking mechanism is a common, yet a good way to defend against spam attacks. (+1.5)
  • Low hard cap. (+1.5)

Disposition

Hedge is a very simple, yet elegant prediction market cryptocurrency project. It enables seasoned investors to sell their predictions and less experienced traders to buy them with HEDG tokens. Even the adoption of a small community is sufficient for the project to work, which is quite likely as it has already raised 90% of its hard cap, precisely $9,000,000. On the other hand, from the perspective of an ICO investor, it is hard to gauge any potential return on investment as the absence of social media channels makes it extremely hard to gauge the community interest in the project. Implemented staking mechanism defends the platform against spam attacks and gives platform users a reason to use tokens. Investors might think that a binary prediction system isn’t ideal vs. a more sophisticated one. Hedge receives a 3.5/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: HEDG
  • Platform: Ethereum
  • Crowdsale: October 17th
  • Minimum Investment: Unspecified
  • Price: $0.02
  • Hard Cap: $10,000,000
  • Payments Accepted: Unspecified
  • 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

ICO Analysis: Block66

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The mortgage market is one of the biggest financial markets in the world. The market in the United States is around $10 trillion dollars, but the worldwide figure of $33 trillion is even more impressive. Yet getting a mortgage is not easy as risk-averse institutions do not have business with many viable candidates. Even if institutions at a smaller scale and private lenders want to get their piece of the pie, they are having a hard time to find a place in the market and meet entry barriers.

Block66 is a mortgage blockchain platform aiming to connect these two sides of lenders and borrowers. By using this platform, credible people whose applications are denied by the mainstream mortgage market now can borrow funds from lenders. It should be also noted that a mortgage application takes forty to forty-five days in the United States and the most of this period is spent on bureaucratic issues. At the end of this period, many people’s applications are rejected, and their precious time is just wasted.

But now thanks to smart contracts and the blockchain technology, this inefficient and stressful process of loaning and borrowing money can be conducted in a way much easier and faster. Having no access to any bank account or geographical boundaries is not an issue as long as you find a borrower or a lender, depending on which side of the trade you are. Any document can be automatically checked, thus no bureaucratic baggage. Truly Block66, the world’s first blockchain enabled mortgage lending network, can do it all in a highly transparent and efficient way.

Token

The Block66 platform uses two different tokens. The first one, Block66 Token (B66), is the main currency of the network. The second one, Block66 Network Tokens (BNET), is produced by B66 tokens, quite similar to NEO-GAS pair. BNET tokens shall be used for actions which take place in the network such as covering third-party KYC costs and modifying the proof of loan tokens. This currency generation mechanism brings another incentive to hold B66 tokens. As no currency other than BNET can be used for these actions, we can say that BNET is the fuel of the Block66 platform. Any BNET used for in-platform actions will be burned, thus decreasing the supply and increasing the demand per token.

The ICO investor should note that in the pre-sale round still going on, contributors are offered a discount of 33%, making the price $0.07 per token.

The initial total supply of B66 is 300,000,000 tokens with the following token distribution:

  1. 9% advisors and bug bounty
  2. 40% reserve
  3. 16.6% presale
  4. 34.4% main sale

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

  1. 15% operations
  2. 30% business development
  3. 40% engineering
  4. 15% marketing

Team

CEO John Markham: Markham is a mortgage agent at Mortgage Intelligence, a mortgage broker company located in Ontario, Canada.

Vishal Karangutkar: Prior to joining Block66 as a solidity developer, Karanguthar has worked as a principal engineer at Fidelity Investments and as a senior system engineer at Merrill Lynch.

Advisors

Shingo Lavine: Lavine is the founder and CEO at Ethos.

Hakim Thompson: Thompson was the vice-president at Goldman Sachs’ Mortgages & Structured Products division before joining Behalf, an alternative financial provider for small to medium-sized businesses, as the director of finance.

Rob Beswick: Beswick is the chief commercial officer at Virgin Mobile.

Maurice Herlihy: Herlihy is a professor of computer science at Brown University and an advisor to Ethos and Algorand.

Partners

Bounty0x: Bounty0x is a blockchain platform built on the 0x protocol, allowing people and companies to run bounty programs.

Civic: Civic is a blockchain project which creates tools for identity protection and control.

Verdict

Below is a breakdown of the risks and growth potential of Block66.

Risks

  • MVP will be launched Q1’ 2019. (-1.5)
  • Cryptocurrencies’ volatility is quite a big problem for lending platforms. (-1.5)

Growth Potential

  • Due to the money lending market’s unrealistic standards and unfair restrictions, so many people’s demands are rejected. Once projects like Block66 earn these people’s trust, this area will be definitely a hot one. (+2)
  • The presence of team members experienced in mortgage and real estate markets. (+2)
  • Fair token metrics. (+2)

Disposition

The mortgage market is one of the biggest financial markets in the world, but due to institutional lenders’ risk-averseness, many credible people and small companies are not able to get a loan even if there are smaller institutions and private lenders out there willing to make loans. Block66 is the first mortgage-focused lending and borrowing cryptocurrency project, aiming to break down this wall between these two sides. Although it is pretty much established between the cryptocurrency community that lending platforms provide an important use-case, the expected success is not met so far. Block66 has a fair shot at relative success by having team members experienced in mortgage loans and real estate. Yet, since MVP will not be released until next year, it is too early to tell. Block66 receives a 3/10.

Investment Details

  • Type: ERC20 – Utility
  • Symbol: B66
  • Platform: Ethereum
  • Crowdsale: Unspecified
  • Minimum Investment: Unspecified
  • Price: $0.10
  • Hard Cap: $12,285,000
  • Payments Accepted: Unspecified
  • 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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