SpringRole ICO Review — Part 3

For the purposes of this project, SpringRole is developing a token economy centered around Sprint tokens (SPRING). These tokens will be the currency of the platform, and are an ERC-20 Ethereum token that act as the driving force behind the SpringRole blockchain platform.

All actions on SpringRole’s decentralized platform leads to generation of SPRING tokens. These tokens can then be used in many ways on their platform. This includes tasks such as:

Endorsing the skill set of a user

Submitting institutional profiles for internal validation

Referring companies or people to the SpringRole community

During the upcoming initial coin offering, SpringRole has developed an airdrop of SPRING tokens. During the offering, members who register with an email and a public ETH address receive 100 SPRING tokens.

Token : SPRING

: SPRING Total Token Supply : 10 billion

: 10 billion Tokens in ICO Sale : 2.55 billion

: 2.55 billion Soft Cap : 100 ETH (already surpassed)

: 100 ETH (already surpassed) Hard Cap : $12 million

: $12 million SPRING Price per Token: 0.00002 ETH

Pros and Cons of SpringRole

Pros of SpringRole include positioning to a point where they can truly improve upon existing job connecting solutions, a strong team, existing partnerships and investors, a detailed roadmap and whitepaper, and the demand for solutions in the market they are in. Additionally, they face limited competition compared to other ICOs coming to market in this industry. Also, SpringRole’s use of blockchain has many benefits over standard job boards, resulting in a more valuable and validated source of information loaded into their platform.

Cons of SpringRole include a lack of overall activity and updates from the platform owners on progress towards meeting goals, and strong competition overall in their field (but limited compared to other sectors). One of the last things noted that might be perceived as a negative is that a good bit of their content (website, whitepaper, etc) is in relatively broken English. This could be considered sloppy workmanship or lack of proofreading, but could also signal a rush job, which is hopefully not reflected in their final product.

Final Thoughts on SpringRole

SpringRole has a goal to reduce the period of an average job interview from almost a month to just a few hours. They also want to eliminate the costs that are incurred by both parties in the traditional hiring process. Additionally, they want to reduce any losses that are sustained from bad hiring practices.

SpringRole’s mission to ensure effectiveness, efficiency, and transparency in the recruitment processes have a hope to bring the blockchain’s inherent benefits to job placement processes. They have a ton of wonderful things going for them, and their procedures in place have a high chance of success.

Based on the information researched and provided, we give a score of 7 stars out of 10 for SpringRole’s capacity to become a successful ICO and blockchain company.