Hello everyone. Today we are reviewing an ICO project called Tracor. Instead of reviewing 6 ICOs like I did yesterday I decided to pick on that I think might worth our while and that might have a breakthrough in the next few years. This project is dedicated to logistic industry and what they are saying is that they will revolutionize the self-storage, tracking and logistic industry in the future.
First of all I want to mention a couple of mistakes or things that the guys did not think about. On the homepage I did not find anything about the team. But I found it in their whitepaper but without any links to linkedin profiles or any other personal social networks so we can reach them.
The second thing why didn't they put any countdown here. It usually motivates and creates sort of urgency.
Let`s review their whitepaper and see what they are planning to do. Tracor is a decentralized platform allowing users to connect, buy & sell their storage capacity, and buy & sell goods internationally while being able to track it real time. That is a very interesting idea and they had mentioned in their medium blog a self-explanatory phrase "Would you like to be able to list your self-storage and make extra income by renting it out, similar to Airbnb". Those guys have ambitious plans. We can find their team down below in the white paper. The team looks profession and able to achieve the goals they have. The only thing as I mentioned I do not see any links to linkedin profiles. And I do not want to google them to see who they are. May be the team will see and fix that issue.
Now the guys are aiming for a business for many years. You can see it not only from their goals but also from how they are planning to distribute their tokens. They are planning to distribute 700 million tokens. 600 million will go to contributors (investors during ICO), 50 million is 20% bonus. Only 30 million tokens will go to the team and 20 million to advisory board. That will vest over the course of 2 years. That makes me think that people believe in their project and for sure will do the best to finalize it.
The other important thing to mention is that their system will have Proof-of-Stake consensus. And token holders will be able to participate in the evolution process. That will allow to get people involved and get feedback from the community. They say in their whitepaper that they will use most of money raised towards development.
According to their roadmap they are planning to make first release in January 2018 which is less than in a half a year.
I also want to take a look at their twitter account. Let's see where it was.
They have 2600 followers and the number of posts and likes which is close to 0 makes me think they do not use any black promotion techniques for their twitter account.
Let us wish this team good luck, collect the money, do the project and we will look closely at their results in future programs.
Leave your comments on what do you think about this project? Will you invest into it or not and why? Share with us if you have any important information about this project. Or may be if you are from logistic industry if you have any concerns for that project to be completed.
See in the next videos.
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