Swot analysis of aerotoken

Here I will be highlighting the major key strengths and weaknesses of AEROTOKEN project but first, let me introduce this project for a better understanding of my analysis hence.

This is a cryptocurrency with an inflationary capacity. Aerotoken is designed targeting the aviation industry.

STRENGTH:

This token is the first of its kind. First, this is the first cryptocurrency token to be targeted at the aviation industry. Second, this is the first self-inflationary cryptocurrency token in the cryptocurrency market. This project has been following its roadmap despite various setbacks that were encountered earlier on. This is a self-funded project the team will take care not to waste their funds and efforts as it is seen in projects which have raised huge sum from ICO and IEO.

WEAKNESS:

Being the first inflationary token which is mined through each completed transaction on the blockchain, many unscrupulous users will abuse this protocol by their continuous transfer of tokens from one wallet to another which will affect the token supply in the future.

OPPORTUNITY:

The cryptocurrency market is ripe for the introduction of something new. Unlike the utility of various tokens, this token has numerous utility which space needs. The project has the opportunity to expand their horizon and gain ground in the competitive sphere. Aerotoken stands the chance to introduce the invention of inflationary tokens which they currently have been able to achieve.

THREAT:

Threats abounds in this space. This could come as a bug, it could come as project shamming by others, it can also come as project mismanagement. Being the first to integrate inflation protocol, due to the fact that no prior knowledge of handling such a project exists, project management itself can pose a threat to the project. Another key threat can be informed of competition, as Aerotoken has set the pace, there will come other projects whom will take this code, refine it and make it even better. In light of the above, it is advisable that Aerotoken stays abreast of innovations to scale their project and keep their first-mover advantage.