The Coinplace platform ICO is different then most ICOs. It already has a Working P2P exchange that is doing what their whitepaper outlines. The basic idea is to allow people to more easily invest in ICOs with more transparency and safety using every kind of money service i.e. Btc, Eth, Fiat, Debit, Credit, Bank wire, Paypal, Contact and Western Union systems. They are running this ICO to accelerate the number of ICO's they can bring to their Platform in addition to adding more services. Depending on the amount they are funded they will be able to host more ICO's and rapidly develop apps and services.
So what does the CPL token do and what is it's value to you?
CPL tokens can be used to pay for the following platform services:
- Placement of advertising on the platform (for ICOs, cryptocurrency services and portals, sale of mining
hardware, ads announcing cryptocurrencies sold in exchange for cash) - Listing of ICO tokens on the platform (in the form of listing fees)
- Priority queuing for platform services (e.g., accelerated verification, dispute resolution, etc.)
- Highlighted ads
- Special Status
Holders of CPL tokens also receive
- A possibility to pay commission for the placement of lots on CoinPlace in CPL tokens (the option will be
available by fall 2018) - Exclusive terms for purchasing ICO tokens of all projects placed on CoinPlace via Prime Membership of CoinPlace
Club (over 5 projects have already agreed to join it, and their tokens are about to be featured on the platform) - A possibility to vote for the provision of grants from CoinPlace to the projects that fall into CoinPlace’s
mission. The results of the vote will be taken into account by the project’s management as important statistical
information but will not be binding
So this meets our first absolute requirement in any ICO or cryptocurrency in general, the token is built into the platform and will raise in price as the platform becomes more valuable to more people. Their are a couple uses that I think will make this a valuable token. The first is they plan to do a coin burn/buy back every quarter in addition to a small % being burned when used on services. Coin burns are always a good thing for us investors. The second being owning this token gives you a extra % of other ICO tokens you buy from this platform. I can't overstate how incredibly valuable this will be if they succeed in attracting the top ICO's to this platform. Here is a chart showing the plan for how this form of staking the CPL tokens will work. All unsold tokens will be burnt.
On to token economics. CPL tokens are 0.001 ETH or ~$0.40 each (at $400 ETH). They did have a pre-ico where they got 50% to 40% extra tokens. The good thing about that is they only sold 84 ETH worth of tokens so a relatively small number of inexpensive tokens. The current bonus available right now is 25%. They have some additional bonuses if you are buying a significant number of tokens and you are given free trades on the platform for a number of months.
This ICO sale goes until May 16th. With only 84 ETH sold so far I have to think it's very unlikely this ICO will meet it's hardcap of 20,000 ETH. They do have a softcap of 200 ETH and have multiple plans in place depending on how much ETH they collect (They speak in terms of ETH, they do allow purchases with BTC and Fiat currencies). I think they should easily hit the softcap and go well beyond it. How far beyond it I'm not sure. For me this just makes this a higher risk for higher reward ICO. With not as many tokens available if they succeed in bringing the best of the ICO's to their platform. Your tokens will be even more valuable as there will far fewer of them. Here is a chart of the plans for the funds they raise.
Depending on the amount of tokens sold they will be creating 15% additional tokens. 10% to the team to be vested for 12 months (not super great but a fair amount of time at least). Then 2.5% for bounties and 2.5% for grant activities with will also be frozen for 6 months. This is very good overall, 85% of tokens sold going to investors it's usually 50-60%. So a far smaller amount of tokens will be introduced at a later date to dilute the value of your tokens.
This P2P has one other very interesting goal. It plans to allow every token on their platform and allow it to be swapped with any other cryptocurrency or fiat currencies. This will definitely bring a lot of traffic to this platform if they are able to implement this type of P2P trading. It would also be a big draw for ICO's as it would basically be listing them instantly upon finishing the ICO.
So for me this is an ICO that is worth getting into if you are interested in getting into more ICOs. Maybe room for speculative purchases for sale once it lands a big ICO or two. I urge you to do a bit of reading thru their whitepaper if you are thinking this looks like a good investment. As I am not your financial adviser, just a Crypto enthusiast. Here is my referral link to the Coinplace website:
https://click.runcpa.com/getoffer/61319-d487dc522f0c38f8a4f11fa98b85b9a6-1085
Thanks and good luck.