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ICO review: Feeed an open source fundraising and trading platform







Today we are reviewing ICOs and the next project to review is Feeed. This project is about fundraising money for small startups. Hold on is not the ICO about raising money for startups? Well. Let's move on. You can see this nice video that those guys had created for us. You can also find it in the project Wiki.
The first thing I did not find on the homepage is the RoadMap. What they say is that RoadMap is on trello. But everything is in progress even the RoadMap. Cmon guys everything should be there including the RoadMap. Make it public and very concrete with milestones.
Lets see their trello. Roadmap is in "Progress" stage. That is what he meant.
Moving on.
What those guys are planning to do is allow people  to vote, to invest into projects and according to their whitepaper here is the functionality that will be in their system:
- opinions about project (like kickstarter)
- upvoting for the most trusted startups (like product hunt)
- follow the evolution of the startups.
- track accounts on feeed.
- track the amount of feeed in circulation.
- knowing the total valuation of the fund.
Good. Lets see what they have about tokens. Token distribution. 90 million tokens will be distributed. The top cap is $20 million. At least they show what their hard cap is.
How are they planning to spend money they will raise? Do not see here.
Oh, the roadmap is part of the white paper.
So they are  in process of development. They are planning to launch it in september.  Open feeed startup investment already in october. Good for them.
Those guys are pretty active and open on their social networks: facebook, twitter. Not afraid to show their faces. Looks like  they are working. Doing some commits on github. They are being discussed on bitcointalk. Everything looks so far transparent and clear.
Now. Things I do not like and I want to mention. The first thing that I did not find how they will use the money raised. I understand that it looks like there are only two of them in the project and it is hard to do everything: development, put all of the updates on the website, etc.
I do not want to be too unoptimistic about this project. At least I see all the attributes the project should have.
I wish them good luck.
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