Hello everyone. Today we will review a project called cartaxi. It is going to ICO. Right now it at the stage of pre-ICO. The reason why I picked up this project because it is one of those project that are already working projects with an MVP and other applications in apple store and google play. Let`s see what this project has. The team had created an application that allows car drivers to get their car towed to a place where it can be repaired. Right now it is a trend that a lot of services like that are being aggregated and the leads from real calls from people are forwarded to the nearest service provider available. This industry is not an exception. Reviewing this project I see that the team has understanding of where their project is going, they did their marketing research and are aiming towards markets of Russia, China and USA. You can see the team here on their website. The team is quite big - over 40 people. They have names and descriptions with linkedin profiles.
The tokens they are created looks to me very close to security because they are planning to pay out dividends. For us as investors we need to be very careful about things like that because Securities and Exchanges Commission in USA is monitoring project like that. That is why it is obvious that this team will have to deal with SEC to be listed on US exchanges like poloniex.
Of course all of the things connected to SEC are solvable because you just need to be regulated. But current situation in token industry and ICOs and because there is so much scam over there being a security becomes an issue for projects.
This project has clear business model where they take 10-20% commission from services provided to users.
They have application on AppStore and Google Play. They have clear explanation of the problem to be solved. This application allow you to quickly find nearest car towing service that can help you in case of emergency.
They also have explanation how they will be distributing the dividends in the future. THey have a hard cap around $70 million. They are planning to raise during pre-ICO around 3000 ETH which is more than $900 thousands and $65 million during ICO. Good thing they know how they will use money raised. They have budgets on each of the stage in their RoadMap and they had mentioned that they have an escrow. I did not find who will be the escrow of this project but having one already makes me more confident in that project.
Project team is very active in social network on facebook and twitter. They are quite popular. They also have telegram account.
This project looks to me very promising. But I want to remind you that you invest on your own risk in any ICO. This video is created in educational purposes only.
This project is rated 71/100 which is biggest rating for ICO this week we have so far. We wish this team good luck during the ICO and after they ICO.
If you have any information about this project leave it in the comments. We will appreciate this.
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