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 reserve and founders allocation
Pool C (10%) : Reserved for Key team members and contributors who worked to develop the company and the ideas, supporting structures and facilities provided.
Pool D (10%) : Discretionary distribution to early backers, introducers.
This is how they are planning to spend the investment money.
25% for blockchain product development for the next 3-5 years.
10% for BelfricsBt development.
10% first strike acquisition
5% belrium foundation
5% for existing investors
5% pre-ICO marketing contributions
40% belfriks exchange operation for next 3-5 years.
If you will take a look at their documentation you will see 3 main documents. The first one is about technical aspects of the project. This document is detailed enough for you to understand how systems like that should be built. You will see how they will organize their blockchain which will be Delegated Proof of Stack where every miner will be verified.
They have pretty clear information about how the transactions will be processed or not processed for users who are not verified. The tech document contains everything you need to understand about tech aspects of this project at the stage of ICO.
White paper contains information about the team, business model. The business model is not that clearly explained. But we all understand that they have a trading platform, will have a blockchain and an app for retailers and they will do their best at monetizing information collected from that. Having all the information about their users from trading platform and retailer app will help them monetize their services.
The whitepaper contains information about their current companies. By the way they have a development company which will probably help them do the technical part of this project.
You can also see their team members, advisors and partners.
Now here are the numbers from their current business. They say that they had invested $500K and are working for 2.5 years and declare to be one of the top exchanges.
The RoadMap is pretty descent. THey are planning to introduce the belfrics proprietary trading platform in the end of this year, first strike application in the beginning of next year and belrium blockchain in the second quarter of next year which is quite quick comparing to most of other projects.
The ICO starts today and ends in a month from now.
Talking about their social networks I want to mention that they are pretty active their. Their twitter account is more than half year old however they do not have so many followers. Probably they did not spend that much time promoting it. Their facebook page has more than 18 thousands people following it.
What I also like about this company is their page on linkedin with a list of company employees. It make more confident in the company when it has a public page on linkedin.
I want to remind you that you invest at your own risk in any of the ICO. This video was created only for educational purposes only.
If you have any important information about this company please share with us in the comments.
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