Today August 20th and we are going to review another project that is going to ICO. Current project we are reviewing Imperium intends to revolutionise betting industry. What they are trying to do right now is do the same functionality that betting exchanges have already but make it with zero fees. I have several questions. First of all, is how they are going to compete with such big players like betfair.com which are
in that industry for many years. Of course betfair takes up to 6% commission. But still it has being stable. Let`s see what they propose. No fees, no limits, no risks. No risks with the blockchain. It all depends on miners you know. Let`s move on. The team decided to stay anonymous. It is not a bad idea if you are doing a betting project. But if you are planning to raise money on ICO how can we make sure that those guys know enough and have skill to complete this project.
Of course the answers to the Frequently asked questions makes me think that they did good job research. But I can not find anything proving me that I need to invest into this project unless I see something like an MVP.
What about Roadmap? They are planning to go to the exchange in the last quarter of this year. Right now they are raising and then they are going to exchanges. I wonder when are they planning to do the development?
May be I am missing something here. If you have any additional information please share it with us in the comments.
Now let's move on. According to their blog on medium.com they are saying that they do not want to show their names because they are aiming to a multi billion industry where some part of it is controlled by black market. I can understand that. However from what I read in articles when Betfair appeared they were also going into the same industry competing with the same bookmakers or bookkeeping companies. and they were completely open and transparent.
I decided to take a look when did they register their domain name. It was less than 5 weeks ago. Not much time has gone since then.
The twitter account. They got Spart. Twice. Hello Sparta. This is Sparta! Cmon. They started social activity less than a month ago. And their facebook fan page. They are trying to be active here but the anonymousness does not make me confident to invest into this project.
The decision is up to you. Write in comments if you will invest into this project or not? What concerns do you have about it? And may be the team of Imperium will get in touch with us and answer our questions. Thanks
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