Skip to main content

ICO review: TorrentChain Anonymous and Blockchain based torrenting or scam?






We are doing reviews of ICOs and we got an example of how not to do an ICO website.
Welcome to torrent chain project. First, I want to mention that I like the idea of mixing blockchain and torrents. You can share your opinion in the comments to this video. But looking at this website scroll down. Crowdsale details. Ok. Torrent distribution. It is good to have percentage of how many tokens will go where. Cause here it is not obvious how many percentage it is: 1, 2, 3, 4, or 5 percents.
Ok. Userfriendly, rewarding. Great. They had described how they will be doing it. But let's take a look at their RoadMap. They had started in 2015 and in July 2017 they had started security and privacy audit. But they are planning to finish it guess when. After the crowdsale. I do not like that idea. I would like to see that report before the crowdsale will start. In any case lest see further they have on their website. Look at the team. No names, nothing is clickable. How should I understand that you guys are real? That you are not a teenager that did not graduate from high school and trying to raise some money using ICO instruments.
I decided to take a look who and when registered the domain name. Looks like the domain name was registered just a few weeks ago. All that makes me think that this is not something serious. May be the team of TorrentChain will get in touch with us and how what they are doing, their github, social networks, so we can talk to them and ask if they are real or not.
Leave your comments to this video and let's move on to the next one.

Comments

Popular posts from this blog

ICO review: CarTaxi - World's first operating car towing platform on blo...

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 t...

ICO review: experty.io - Get paid calls in cryptocurrency. Democratizing the consultations market

Hello everyone. Today is September 28th and we are reviewing another ICO.This time we are gonna review experty.io. This project is only in the preparation stage of the ICO. It is not like other projects that we reviewed before that were on the ICO start date. That is why some of the things that the team is still working on like their whitepaper. The team is working hard on the technical aspects of their project. You can see what the guys do in the video here. How their project works. They have an alpha version of the app. You can see they are building their app and they show us the process of money transferring within the system. The main idea of the project is that you will be able to monetize the time you spend over the phone consulting people or projects by billing them on a minute basics. They have a bunch of use case describing the wide audience they are reaching. This project is interesting for us too cause we are providing consulting for ICO projects too. What the ...

ICO review: Belrium - First KYC compliant blockchain

Hello everyone. Today is September 8th and we are reviewing another ICO which is called Belrium. This ICO comes from a company called belfrics. They already have a trading platform that they had built. They are introducing right now KYC complient blockchain. To make a long story short they are trying to make a blockchain where users will be verified which means that they will do KYC before the transactions will be processed which is nice for companies who want to be open and receive payments from known people. What makes me think that this ICO will succeed is that they already have a working product and also introducing another application for retailers, shoppers and advertisers. They believe that this application will bring more users to their blockchain. We will see. Let's move on. Token distribution: the team is planning to distribute tokens into 4 pools. Pool A (60%) : Pool A will represent the contribution made during the token sale period. Pool B (20%) : Belfrics re...