Hello. This time I would like to conduct ICO review of Electroneum.
Please check this article about Electroneum.
https://bab-global.net/ico/electroneum
Official site:https://electroneum.com/
White paper:http://electroneum.com/overview-white-paper.pdf
【ICR Review of Electroneum】
We will review with our own selection items established in this article this time as well.
Although I say it many times, it is a personal criterion to the last, it does not guarantee the rise of the value of the token or compel participation.
We set up 9 question items, evaluate by 5 points in each and evaluate at the total point.
•High: Participation with ICO is highly desirable> 40
•Medium +: ICO participation is preferable> 35
•Medium: Neither standard rating> 30
•Medium̠－: Participation is undesirable> 25
•Low: Highly undesirable> 20
① Is it a proven company or team?
As a team of Electroneum, it consists of experienced talent of software developers, including CEO Richard Ells.
Especially Richard Ells has a successful digital business, he has jointly operated a successful digital agency SiteWizard for over 20 years. It is also a social media management platform established by Retrosal.com in 2013, consisting of more than 40 development teams, including Mr. Richard, and more than 500 global companies such as Herbalife and Avon. Retortal’s software is used by hundreds of thousands of people.
In addition to the abundant development team including Ben, application development, wallet design team who has over 10 years agile development experience led by Electroneum development team, the marketing team is diverse.
Also, as a team, They have a joint experience with Richard for many years, and it is impressive that it is gathered even if viewed comprehensively.
As an advisor, mark ,who was an online game consultant with more than 20 years experience , Fintech business, who served as a director of the board of directors of private companies and companies listed on the London Stock Exchange for 20 years,and also Andy, who has been involved in key online and offline gaming business such as William Hill, Nektan,Aristocrat Gaming, Gala Coral, Microgaming, are the leading advisor.
Although it seems that these two advisors open to the public are few, in fact, angel investors, partners that are partnered in the future, advisors of each department will also appear.
As a progress evaluation, the team’s overall strength is a standard evaluation.
(Evaluation: +3)
② Is it a topic with high profitability and growth potential
Electroneum’s theme can be distinguished as a big encryption currency.
It is well known that the cryptographic currency market is currently growing very fast and growing, but Electroneum is a project focusing on Wallet, applications, and mining even in that area.
Application development markets are also expanding, especially in the AR / VR field, due to the success of Pokemon Go in 2017, income is expected to rise significantly. There is no doubt that this field will become indispensable in the future,
The entry field of Electroneum is very challenging with expectation and potential for growth.
Also, I would like to cite as a competitor in the same field, GoldMint. Goldmint is developing an application that constructs a structure that can use POS consensus by private block chain and receives transaction fee processed on this as gold digital asset. It is similar to what Electroneum can mining in an application, but it will be difficult to directly compete as a horse.
Furthermore, Electroneum is a differentiable point, it is a safe and unwarpable wallet development. If you can do mining with this perfect wallet a strong merit will be born.
Overall, there are political risks, but profitable cryptographic currencies, stable mining, and growing apps, wallet development and evaluation are high.
(Evaluation: +4)
③ Is it a clear solution to the problem
The problems pointed out by Electroneum can be largely divided.
・Encryption currency has high entry barriers Currently the cryptographic currency market is very interested mainly in the bit coin which has reached the market capitalization of 12 billion dollars in 2017, but access to an unknown overseas site, personal information such as passport etc. is submitted There is a resistance to entry such as, and it is very difficult for individuals to access opportunities, especially regarding mining.→ (solution) Electroneum has all security and anonymity of major cryptographic currency, thereby enhancing reliability. In addition, you can instantly access just by downloading a free application, this application can send and receive Electroneum in wallet management and secure way, and start acquiring Electroneum by mining. The application is an innovative interface that allows users to experience application-based encryption mining experience without requiring technical knowledge in real time.
・Issues of supply quantity with low expensive cryptographic currency: For example, the maximum number of bit coins is 21 million, one of which is worth 5600＄(as of October 20, 2017). In other words, the entire currency tends to have a great value, which makes us real deal trade represented by a decimal point such as 0.00 · · · sometimes very strange and occasionally confusing.
→ (Solution) The maximum supply of Electroneum is 21 billion pieces, which makes it possible to clearly use expressions of concrete values by eliminating decimal points. The user experience is also improved, which may lead to active trading.
Speaking about mining, the Electroneum memory binding algorithm is specifically designed to promote the mining of CPUs that average users have access to, and the line-office in the bit coin market is to reduce the approach of heavy industries in mining There are technological merits as well. (For details, refer to Electroneum Technical White Paper.)
In this way, solutions and others are to provide a new interface called a mobile mining application that emphasizes the user experience, which is an exact solution.
Also, as you read through the white paper, you will find something that has already been developed before the token sale.
-Application based wallet and mining
-Offline wallet
-Windows Wallet · Mining
-Mining pool software
-Block Chain Explorer
The existence of such developments is substantial, and furthermore, since the white paper has a technical detailed road map plan, it is considered to be a relatively solid project.
However, since it is for the user to participate in the token sale, we believe that it is inevitable after actual use has penetrated, including use cases.
(Evaluation: +3)
④ Transparency of project management team
Information from open source is enough for here. Information on the development team can track information from various links from the official website.
Company address
Electroneum Ltd.
Lyndean House,
30–34 Albion Place,
Maidstone, Kent. ME 14 5 DZ
United Kingdom
Because there is no unclear point to say so, standard evaluation
(Evaluation: +3)
⑤ Is there a presence of third party and escrow
As a third party, it is very important to allow third parties to accept and pay Electroneum and also to evaluate in terms of trust.
Electroneum says it is planning a third party settlement API and is procuring funds at token sale for this purpose.
It is standard evaluation because it is in progress.
(Evaluation: +3)
⑥ Legitimacy of ICO according to law
Whether it is done according to the law depends on the country, Electroneum is a company in the UK, but the function of the token itself is a utility token that functions with the mobile application.
According to Howey test it is not security, it is not a securities. The way token sale is done is also appropriate,
It is standard evaluation because open source information can not grasp the existence of a legal team or the existence of a third party audit.
But you can find the third party audit in icobench site.
Here is an audit from a third party.
（Dmitry Makin Hin
International lawyers and entrepreneurs, Blockchain Business Expert
Short legal review
Electroneum coin is the company’s security token, which is a valuable income source for investors.
We evaluate investor risk as moderate. The nature of the token may cause problems from the financial authorities in the future and may affect the ability of the company to achieve its goals even depending on the property of the investor.）
fullreport：https://icobench.com/contact?legal=order
Depending on future developments, the existence of the legal team becomes important too, so I will keep it as standard including those areas.
(Evaluation: +3)
⑦ Project campaign management and quality of support
Project management focuses on the quality of how campaigns are performed and how to manage them.
・Bitcointalk Signature and Avatar — 25% ($ 50,000 USD in ETN)
・Social Media
・Twitter — 10% ($ 20,000 USD in ETN)
・Facebook — 10% ($ 20,000 USD in ETN)
・Creative Bounty — 25% ($ 50,000 USD in ETN)
・Translation, Moderation & Community Management — 20% ($ 40,000 USD in ETN)
・Other — 10% ($ 20,000 USD in ETN) {Social media influencers or newsletter owners. Contact us on [email protected] to discuss remuneration.}
The Bounty campaign has been actively done and can be found here.
We can not confirm such a rough appearance, the management system is relatively standard.
We will do until now to distribute tokens as follow-up.
(Evaluation: +3)
⑧ Attention degree and evaluation (marketing)
Attention degree and evaluation are judged from social link and access number of official website update, ICO comparison site.
・ICO site
ICObench
https://icobench.com/ico/electroneum
ICOrating
http://icorating.com/project/389/Electroneum
Social media
・Twitter: 7957
・Facebook: 17765 Excellent, 18638 Follow
・telegraph: 4031
I think that one can judge twitter and facebook beyond 5000.10000, but it is pretty remarkable.
・Mass media
It is featured in many media.
Especially attention from overseas is high, and it seems that one thing that can be mined in the app is one big factor. Attention is high, evaluation is standard.
(Evaluation: +4)
⑨ Expected value of profitability of token
We will pay attention to the merit of token holder and how token sale is done.
The token sale has already raised about 4 billion or more, and the supply is fully satisfied. The price is relatively low value of 0.01 $. Up to 50% was added as a bonus structure, and it was a very meritful way for early contributors.
Also, unsold tokens are scheduled to be allocated to incentives in mining pools on mobile apps rather than being burned, which is a better impression for users than expecting the possibility of being burned and raising their value.
The token itself is exclusively a wallet of Electroneum and a utility element within the application, and the token holder can receive various incentives within the application. And, of course, you can earn the profit margin of the market price by continuing ownership.
The merit of the token holder at the market price largely depends on the market on two. (See white paper)
・Gaming market
The computer game industry is steadily growing year by year, and it is said that by the year 2020 it will reach the market size of $ 9 billion or more.
If the game company adopts Electroneum and is integrated with the application, it can be expected that the market size will expand significantly.
Game companies receive Electroneum as an incentive by directly selling cryptographic currency goods in the application and players purchase encryption currencies such as Electroneum from the market for progress and tracking in the game.
A variety of cases like this can be anticipated, and great benefits come to Holder. Although it may be difficult to integrate with companies that have already entered and selling their own virtual products, Electroneum will attract companies that have not yet been modeled.
・Gambling market
The acceptance of companies and bit coins has already begun, block chains projects have entered a lot, entry of cryptographic currencies into the gambling market is small compared to the game industry.
In Electroneum, you can saving money by mobile application mining, you can also acquire transactions when you play games, especially gambling, as incentives for Wallet address.
He also said he would also provide feedback and consulting on the game market. Although there are many benefits of these holders, it is possible to invest long-term investment and thinking where long-term marketing is necessary as well as development, but it is considered that the value of investing throughout the token sale is relatively high even in the short term I will.
(Evaluation: +4)
【Electroneum’s totall review】
As a general review, we made it the medium of standard evaluation, but there is merit that there is the right to mining it because we can use wallet and application already developed even in the short-term view, and in terms of long term it is still the gaming market I think that integration is the key on a big road map.
I invested so I would like to expect various marketing developments in the future.
In the meantime the hard caps are filled and the token sale is over.
THANKS.
Official website: https: // electroneum.com/
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