Analysis Of ICO Projects From Tokenbox
Viktor Shpakovsky | Oct 03, 2018 02:20PM ET
Analysis of ICO projects from Tokenbox
03/10/2018
1. FicNetwork (Latvia)
FIC Network is a transparent tool for working with bonds, which is based on blockchain. FIC developers want to initiate a new round of evolution for the $230 trillion asset loans industry.
FIC will allow you to transfer, buy or sell any fixed income instrument, including loans, bonds, and futures. With the help of the FIC network, companies will be able to raise money by issuing bonds nominated in Bitcoins or fiat.
The team started developing this network at the beginning of 2016, attracting funds from institutional investors: Boost VC, Startupbootcamp Fintech NYC, Bialla Venture Partners. FIC is building a market whose concept is similar to the market we are used to by reducing costs and operational risks but making improvements to the audit scheme and transparency. If a major provider or exchange needed a lot of cryptocurrency at a fixed percentage (for example, for their starting capital), now there is a place where they can borrow it.
FIC will help even with currency risks, in case the Bitcoin exchange rate rises dramatically, and one still has to pay off one’s debts.
FicNetwork’s Tokenometrics.
HardCap - $16mln, 1 EFIC = 0.1$. The private sale has already been completed, 3500 ETH were collected. Participants at this stage received a 60% bonus. The lock period is chosen by the participants personally (90–180 days for all tokens). 30% of the project tokens (estimated $ 4,800,000) were redeemed at the pre-sale, the main ICO was postponed several times, and it looks like it will be postponed again - now to October.
Many old-school investors will want to take part in the token sale after seeing familiar words in the FIC description, especially considering the leading position of the fintech companies today when it comes to aggregation of finances.
However, regulatory risks and any connection with the offline world, in this case, the world of bonds, automatically increase the level of risk of investing in the project to the level of “medium”.
The main competitors of the FicNetwork team are blockchain projects Polymath (capitalization $ 92.7 million, ICO ended in January 2018) and Blockex (ICO ended in March 2018). The main difference with FicNetwork is that they focus on tokenization of the loan market, while Polymath focuses on tokenization of the capital market (equities). Blockex positions itself more as a platform for investment in ICO-projects.
The project team consists of 9 participants and 8 advisors. Their list includes Aigars Staks with a Microsoft (NASDAQ:MSFT) and PWC background, Matiss Ansviesulis - the founder of Creamfinance, Jon Chou - the creator of Bee Token. The head of the FIC Network is our compatriot Arturs Ivanovs, part-time head of Factury Inc., the parent company of FIC.
FicNetwork project summary:
The huge potential of the project is dictated by the size of the bond market, the positive aspects include the presence of MVP, a good team and investors, relatively low capitalization of $16 mln, 50% of tokens available for purchase, and fixed emission. The project is ambitious, there is support from institutional investors, there are a demo version and experienced advisors.
However, there are doubts about the ability of the small FIC Network team to implement such a large-scale project of enormous complexity. Also, the low level of hyip and big bonuses could constitute minuses.
The recommendation is not to participate in the FicNetwork project in the current state of the ICO market.
The preliminary assessment of the Tokenbox team is 6.0.
2. Opiria (Cayman Islands)
Companies around the world spend $250 billion annually on processing personal data of users, trying to understand their needs and sell them their product or service. Everyone earns in this chain - the data provider, the broker, and the buyer. Everyone except the users themselves.
Opiria has created a tool with which users will be able to monetize their data, selling it to those corporations that they themselves see fit. In exchange, they will receive PDATA tokens, the “currency of personal data value”.
The platform wants to connect companies and users directly, bypassing intermediaries like Facebook (NASDAQ:FB), Twitter, Google (NASDAQ:GOOGL), and build the largest decentralized personal data market in the world. Companies will be confident about the integrity and legal purity of information, users will receive income, and the platform will earn a commission.
The idea of the project, in general, is not original. Services such as GlobalTestMarket, Cint, PanelStation have been paying users for surveys for more than 10 years and are making money on companies that want to know the opinion of consumers. But what makes Opiria fundamentally different is the rather clear desire to ensure the security of this data and protect it from resale/distortion with the help of blockchain.
The project team is registered in the Cayman Islands, based in Germany and founded by one of the most influential European experts on Human Factors & Ergonomics, Christian Lange, and Marlene Gagesch, who is a Ph.D. at the Technical University of Munich. In a team of 10 people, programmers and scientists prevail.
The HardCap of the project is $30mln. The starting price of 1 PDATA is $ 0.1. Bonuses and lock periods are not provided.
As a result, Opiria has a rather interesting and needed design, and the team has the qualifications and money to make it happen. But to develop the project along with the giants will be very difficult.
Companies registered on the existing Opiria platform are given the opportunity to contact users with surveys or receive videos wherein eye movements and facial expressions can be tracked while viewing test materials.
Despite the good idea and gathered funds, from an investment point of view, the project does not look attractive. Information buyers buy PDATA tokens to pay sellers. But they cannot be used inside the platform, therefore people will sell the same number of tokens on the exchange which means their value will not grow.
The recommendation from The Tokenbox is not to participate in the Opiria project.
Evaluation of the project from Tokenbox analysts: 6.0 / 10.
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