Coinve.st(https://coinve.st) ICO :
Coinvest is the easiest way to invest and spend cryptocurrencies. With the Coinvest platform and protocol, investors are empowered to create virtual investment portfolios to invest in multiple cryptocurrencies through only one COIN. Similar to derivatives, users trade the value of the underlying asset without requiring the need to hold the assets themselves. Meanwhile, investment portfolios are fully collateralized by Coinvest reserves. Users are no longer required to manage multiple exchanges, wallets, private keys, and can spend COIN directly from their Coinvest wallet using our built-in debit card support.
Coinvest is democratizing cryptocurrencies by creating a single destination that empowers anyone to easily invest and spend cryptocurrencies using a decentralized process through only one COIN.
In short Coinvest intends to be The world’s first decentralised investment trading market for cryptocurrencies.
Invest in multiple cryptocurrencies and index funds with one account, one wallet, and one coin.
Description:
Coinvest is intending to create a future where users will have one platform, one wallet, and one token (COIN), that enables anyone to create a digital investment portfolio to invest in multiple cryptocurrencies. This will significantly reduce the cost, risk, and complexity associated with investing in cryptocurrencies on centralised exchanges or investment funds. Centralised third parties that are more than often needed in traditional investment use cases are being replaced with smart contracts that will act as autonomous agents and programmatically compensate all users, investors, and owners within the entire Coinvest ecosystem.
Token Role: Network access, Store of value
Unit of account: Means of exchange
Rating: 4/5 (Though there are similar initiatives there are some key differentiators and the fundamental business model which separates coinve.st from rest of its competition)
Update: I went through some similar ICO’s and can safely say that Coinvest has a unique business model and intends to be a investment trading platform backed by a solid experienced team. Though the MVP for the product was delayed, the team was open about it and updated the progress in their blog.I still continue to have faith in the team and still holds my rating.
Team:
The team involves some of the most experienced of industry professionals and advisors . The Advisors include
Tony Scott: Formerly the CIO of the US Government, VMWare, Microsoft, and Disney
Pete Cashmore: Founder and CEO of Mashable
The team is led by Damon Nam and below lists the entire team with their roles
Damon Nam: Founder and Executive Director ( ex Microsoft )
Byron Levels: Technology Director (ex Microsoft , AT&T, AA)
Taylor Rieckens: Business Development Director (ex Microsoft, Another Source)
Ramiro Galan: Creative Director
Umar Irshad: User Experience and Interface Director
Kevin Huynh: Analytics and Operations Director
Mark Ayad: Finance Director
Kim Huynh: Marketing Director
Ben Tossell: Community Director
Dexaran Derat: Blockchain Engineering
Robert Forster: Blockchain Engineering
Alexander Kravchenko: Engineering
Elena Chizhova: Engineering
Dmitriy Golovchenko: Engineering
Rating 4.5/5 (Excellent team)
Update : The team is very much responsive to the queries on Telegram, Bitcointalk and Medium. I was impressed with the way they updated the progress of MVP. I would like to improve the rating to 4.75/5
How it works/Business Model:
Trade and withdraw investments directly with Coinves smart contract.
Create a Coinvest virtual portfolio with your favorite cryptocurrencies
Trade and withdraw investments directly with the Coinvest smart contract
Easily spend COIN using your debit card account
Rating 4/5 (Sound business model with great potential )
Comparison with competition :
This is where coinve.st takes a clear lead with a sound business model and utility application.
It provides features like Fiat Currency acceptance, 3rd party/human interaction, No KYC/AML Verification, Cryptocurrency Storage (wallet), Short Selling, Limit Orders, Index Funds, Curated Index Funds, Full Autonomy, Being Decentralised and Non custodial.
Options, Margins and Future trading and Debit Card account are future expansion plans for Coinvest.
Rating 4.75/5 (Far ahead of competition and roadmaps and future expansions will add more value)
Crowd sale/Token Distribution : Updated Coinve.st Token Sale details (08/Jan/2018)
Token Supply: Fixed supply of 107 million
Distributed in Crowdsale: 52.5 million (49%)
Symbol: COIN
Blockchain Platform: Ethereum ERC20 / ERC 223
Crowdsale (Smart Contract Distribution)
Sale Period: February 16th, 2018 to March 16th, 2018
Accepted Currencies: ETH
Minimum Contribution Amount: 0.01 ETH
Maximum Cap: $30 million
Bonus: 10%
Value: 1100 COIN = 700 USD
Coinvest is creating a total fixed supply of approximately 107 million (107.142.857) COIN tokens, distributed as follows:
4%: Private Whitelist Reserve (Including Bonus)
45%: Crowdsale Reserve (Including Bonus)
25%: COIN Reserve (Held in Smart Contract)
10%: Ecosystem Development and Partnerships
16%: Employee and Advisor Option Pool to Recruit and Retain Talent
COIN tokens that are not sold during the crowdsale will be moved into the COIN reserve in the smart contract
Rating 4/5 (The total quantity is on the higher end but still acceptable and sees good return potential considering the usage of the COIN in the ecosystem)
Updated on 8/Jan/2018 : The response to Coinve.st ICO till now has been tremendous and this by all means indicates the Crowd Sale will be a successful one. Their private whitelist was oversubscribed with over 1500 registrants and 3.3x their max cap of $3M! I filled the form for whitelisting and is waiting for the Feb crowdsale.
Overall Rating : 4.25/5 (Subscribe to Crowd Sale and get the bonus) Good for long term HODL and also for short term listing gains.