8% weight

Unique project. Nice community spin.



Vision / Product

Pro’s:

There does seem to be real potential here to focus the energy that has already been expended on these projects from multiple development teams and communities. There are multiple avenues to extract the value here from acquiring the Intellectual property of these failed efforts, reviving worthwhile efforts that may have failed due to lack of execution, or at minimum focusing the attention of the abandoned community on new efforts.



I like that there is a clear need for the bridge token in this use case.



Facets to explore:

- Chasing the low end market of coins with a market cap of < $50k would tend to suggest a lower value of assets associated with the coin. There is a risk of collecting the “Land of misfit tokens”, that could be difficult to extract the value out of. The target market at least well covered in the white paper, .



- Cash flow projections for year one seem conservative-to-low having to carry this level of management team.



- The fund raising level respective to this cashflow plan also seems to be very dependent on the value increase of the cryptocurrency market as a whole specifically relative to BTC and ETH. In a flat to down scenario for BTC and ETH this project would require another ICO round, or a significantly reduced budget for OPEX and asset acquisition.



Team

Pro’s:

- Very experienced team

- CEO has a long and complimentary history of relationships in the industry

- Team has a diverse set of skills and business experience that can be leveraged for different aspects necessary to make this business successful



Facets to explore:

- Most of the executive team has multiple companies they are actively involved with, which is concerning regarding their ability to focus. I’d like to see a plan of commitment to the project from the management team post ICO, and how they plan to manage the other commitments.



Notice: I do not provide investment advice. Please see my profile for important disclosures.



Agree

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