Initial Coin Offering (ICO) reviews

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 & sel...

Hello. We continue review ICOs and the last one for August 20th is DetectorToken. Those guys have already and MVP. They have some sort of an algorithm working in the background and sending trading signals to their customers in chats or via sms. You can see how their signals look like on their home page. From what I understood they are sending signals from currency exchanges and betfair. Lets take a look at what they are planning to do. Right now they are raising money and adding slack support. Then in September they are planning to do eveyrthing by subscription. At least they have a business model. Right now their website contains sort of admin panel where you can change your profile, track your balance, change your password. You can also connect your profile to telegram bot to receive signals. Lets take a look at their team. Two of three members contain links to their linkedin profiles and they had mentioned that they have something to do with detector token. So they are part o...

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 understan...

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 evolu...

Hello. We continue discussing projects that are going to ICO on August 20th and the next project is Umbrella Coin. I went through their whitepaper and their website and first I want to talk about the team. This is the first website where I see almost the whole team on one photo. What I notice from their linkedin profiles is that most of them are working for Microsoft right now. Only Terry Tata and SOn Nguyen had mentioned that they are in Umbrella Coin project. Let's move forward. What are they doing? They are sort of revolutionizing the insurance industry by bringing the blockchain and letting community decide if you should receive your insurance payment or not. The crowd intelligence is a nice idea. We like that idea. We can wish good luck to those guys. To be honest I do not like their website with that background and scrolling thing. But what I can tell you exactly that they have very clear videos on their homepage. They are pretty active in social networks. Howeve...

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 ...