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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

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

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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