15% weight

Verdict: 3.5 out of 10

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The Idea of the project is great, but it is too far from realization. The team lacks experience for such ambitious ideas and plans. We find the planned allocation of their funds ridiculous (30% for Onboarding users to the Network and 10% primarily for seed-funding startups that build value-added applications on the Kora Network). The tokenomics of the project will not bring large returns on investments in the short term. Even in the long term, Kora Network have to compete with other projects in this field.



It is also worth mentioning two redflags found during our research:



Redflag!!! There are many accounts (bots) in their telegram group which send same messages about how great the project is. They ask the same questions again and again, even after receiving answers!!!

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Redflag!!! Admins from the Telegram group deleted my messages (about competitors) until I said I was doing research on their project. They said that bots deleted my messages, not them. However, my messages disappeared after one to two minutes, not immediately.

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Report:

ENG https://cryptodiffer.com/kora-network-ico-review-by-midgard-research-eng/

RUS https://cryptodiffer.com/kora-network-ico-review-by-midgard-research-rus/

+8 Agree +8

+8