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Cryptocurrency offers a glimpse into how a cashless society might one day exist, but this realm also harbors a dark underbelly, fraught with scams, failed investments, and a lot of uncertainty, insecurity, and confusion, which arises in no small part due to the sheer amount of ICOs and cryptocurrencies currently in existence. Bewildered investors face a onslaught of buy this, invest here, purchase these tokens offers day in and day out, and without thorough research and understanding into what they are getting themselves into, there is a significant probability of failure.

Global Spy intends to address this quandary through a purpose-built blockchain platform, which prospective investors can use to obtain accurate insights about existing ICOs and cryptocurrencies.

Global Spy: Delving into ICOs and cryptocurrencies, so you don’t have to

The inner workings behind a number of ICOs are sometimes kept deliberately obscure, either because the mechanics of the offer have not yet been fully worked out by its team, or simply because the ICO is a scam.

Hello!

We are receiving questions about how our platform will work. We are launching our new web pages in few days and there's gonna be new good graphics about our platform and its functions!

You can also check out our video about the idea of our platform!https://t.co/4UhvF67ABX — Global Spy (@GlobalSpy_Eu) April 6, 2018

Either scenario poses a problem for investors. According to its Whitepaper, Global Spy’s platform offers to seek out information on chosen currency, initial coin offer, team members, history of the company behind the coin or the key personnel in the company. The compiled report will serve the purpose of aiding in making an informed decision on whether to invest or not.

This information can be monetized by selling it to community members.

According to the Whitepaper, the Global Spy platform will be:

Secure

Transparent

Anonymous

Multi-layered for different levels of research

Integrated with mobile devices

Global Spy in figures & quick facts

Also check out our amazing range of bonuses on offer during the Global Spy ICO!!! https://t.co/YeOyBn1L7e — Global Spy (@GlobalSpy_Eu) March 20, 2018

Token Name – Global Spy token (SPY)

Total amount of tokens issued – 170m

Token worth – 1 ETH = 5,000 SPY

ICO Start Date – March 15, 2018

Softcap – 1,000 ETH

Hardcap – 30,000 ETH

Bonus Program

ICO STARTS 15.03.2018 @ 09:00 UTC+2 For the first week there is a 20 % bonus on purchased tokens. For the second week there is a 10 % bonus on purchased tokens. After 29.3. @ 09:00 UTC +2 there is no longer bonus on purchased tokens. Purchases over 5.5 ETH are subject to KYC — Global Spy (@GlobalSpy_Eu) March 7, 2018

Global Spy are running a Bonus Program, which works thus:

ICO week 1 – 20% Bonus

ICO week 2 – 10% Bonus

No Bonus offered after March 29, 2018

The Global Spy token

Global Spy ICO details Ticker: SPY Price: 1 ETH coin = 5,000 SPY tokens Token distribution: Total supply = 170,000,000 SPY tokens Hard cap = 150,000,000 SPY tokens Soft cap = 5,000,000 SPY tokens — Global Spy (@GlobalSpy_Eu) March 7, 2018

As with any other ICO, the company will issue its own currency, the Global Spy token (SPY), which is based on the Ethereum ERC-20 Standard.

The SPY token will be the only way to purchase and pay for services within the platform.

The team

Learn more about Global Spy’s team here.

Social Media presence and digital footprint

I just published “The high risks in cryptocurrency investing” https://t.co/8WGehZJmBx — Global Spy (@GlobalSpy_Eu) March 10, 2018

A strong presence on Social Media is usually a good indicator of a company’s popularity, though it is not the only factor that determines success.

Here’s the numbers for Global Spy at the time of writing (mid-April 2018).

Twitter – 4,781 followers

Facebook – 3,078 followers

Telegram – 4,633 followers

This ICO’s presence on Social Media is not particularly significant at this point in time, so the team needs to do a lot of work to develop the brand’s reach.

Competition

There are a few ICOs that offer investment advice. Darico, which we recently reviewed, springs to mind. Nevertheless, Global Spy deserves attention as it offers -on the surface at least- a thorough intention of investment research, which can be subsequently monetized.

Additional Information

See Global Spy review on ICOBench.

Whitepaper

Consult the Global Spy Whitepaper for more information about the platform, additional features and services, etc.

Conclusion

Global Spy offers an attractive proposition, but somewhat let down by it’s Whitepaper & One Pager. The documentation is insufficient and looks amateurish. The website has grammatical inconsistencies, links going nowhere, and missing videos.

Overall, Global Spy deserves a second look, but the company needs to refine its documentation & website, and make itself known better through Social Media.