Finix Coin Review and Summary

WHAT IS FINIX COIN

Similar to Bitcoin, finix Coin is a decentralized peer to peer digital coin that is not regulated by any type of main organizations or federal governments. It is an open-source platform created to supply numerous investment chances. finix coin is designed to be a digital money that can be utilized to store worth and also to trade with any individual on the planet with exceptionally low fees and rapid lightning rate transactions.

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WHY FINIX

SIMPLE TO USE

Easy to use Layout as well as with ideal UI/UX methods. Single click to buy/sell/send deals with Bitcoin, Ethereum, and also Finixcoin.

OPTION FINANCIAL SYSTEM

Deals happen directly in between individuals to people or people to companies and it’s a blockchain-based kind of personal, time-based cash, financial institutions are made redundant.

EFFICIENT SECURITY

Finix uses the safety and security techniques and techniques utilized by cryptocurrency systems around the world, end-users will certainly be able to count on in Finix coin.

BOUNTY PROGRAM

Finix is now beginning a bounty campaign, so individuals can assist us inform concerning Finix coin to the community, as well as get totally free Tokens as a bounty incentive. In the finix coin ICO there will be 16M FNX Token issued in overall. As a bounty benefit, Finix will disperse 1.35 FNX Symbol. To earn as well as receive FNX Tokens, at initial you should create an email-based Finix coin account.

It is essential for you to have access to that e-mail and also your Finix coin account password, as Finix will send out bounty incentives directly to your Finix coin account.

FUND ALLOCATION

As a result of many frauds in Cryptocurrencies Crowdfunding, Finix believed to guarantee that Finix users obtain following level protection and also their symbols are secure. Finix takes steps to ensure that every purchase on the Finix token system will be available on Blockchain so that you could see your investment risk-free as well as protected.

The present Finix token platform will immediately designate the funds to various Multi-Sign system storage wallets which will certainly auto separate as soon as the funding is satisfied. Symbols on this system can not be taken or utilized for any incorrect objective. Customer tokens are securely maintained in chilly budgets but obtainable only by individuals personal secrets on demand.

Budbo Ico Review Review and Summary

How can cannabis and blockchain technology be joined together? Well, Budbo apparently knows the best way to both satisfy the consumers of cannabis and the cryptocurrency enthusiasts. The company is not new and it already has more than 75 thousand users. However, they plan to go beyond that and do something extraordinary. Read this Budbo ICO Review, and find out how you can be a part of this project.

Introduction to Budbo

Budbo was originally intended to connect patients that need medical cannabis with the growers and distributors of this plant. Over time, their business expanded and they became a platform for dispensing, manufacturing and growing the cannabis products. This opened the door for more sophisticated preferences and the users were really interested in using the services that Budbo offers.

However, they do not plan to stop there and have decided to implement the blockchain technology, thus further improving their business. Their goal is to build a decentralized autonomous organization, where cannabis will be traded, grown or distributed using cryptocurrency. Blockchain, smart contracts, and encryption will all find their purpose in the upgraded version of Budbo.

The founders of Budbo believe that the only way to get the whole cannabis industry together and get rid of the black market practices (which can be pretty dangerous) is to create the ecosystem that will be supported by blockchain, thus becoming more standardized, regulated and, before all, more transparent.

Budbo – Investment Opportunity

The users of cannabis spent $56 billion in the US only in 2016. Budbo plans to go global and that is the reason why they want to introduce the crypto-technology into their business. Simply the potential market is too big not to miss this opportunity and invest in this project. We believe that all the countries of the world are slowly opening up to the use of cannabis, at least for medical purposes, thus providing the potential users for Budbo.

Apart from the legalization part, the industry itself is rapidly growing, and the big part of it is, sadly, connected to the black markets. Budbo would have all of the industry covered and this would mean no questionable practices will be included in the process of cannabis growth, distribution and consumption.

Budbo Ico Review

The Team and the Advisors

There are currently 17 team members and 15 advisors. Here is the short overview of the team:

• Rick Burnett ퟀ�” CEO, knowledgeable in mobile technology and logistics with more than 15 years of experience in developing mobile apps and platforms.
• Luke Patterson ퟀ�” President and the Co-Founder, an entrepreneur with a lot of experience in information architecture and mobile application development.
• Jacob Patterson ퟀ�” CTO and Co-Founder, the most responsible for making Budbo the leader in the cannabis industry
• Gary Heitz ퟀ�” CRO, Co-Founder, and a sales executive with vast experience in digital media and technology
• Nick Heldreth ퟀ�” CMO and Co-Founder with more than 10 years of experience in marketing, sales and customer service
• Divyashish Jindal ퟀ�” Blockchain Engineer
• Ihor Pidruchny ퟀ�” Blockchain Engineer
• Prateek Dimri ퟀ�” Business Analyst
• Blake Krohn ퟀ�” VP of Engineering
• Mason Burnett ퟀ�” Blockchain Information Systems
• Andrew Rivera ퟀ�” Director of Communications
• David Levy ퟀ�” Canada Operations
• Shaun Patterson ퟀ�” Brand Ambassador
• Chase Cameron ퟀ�” Account Executive
• Leland Price ퟀ�” Account Executive
• Alex Williams ퟀ�” Account Executive
• Tom Reid ퟀ�” Account Executive

Some of the notable advisors include Amy Berliner, Dianne Burnett, Ty Duffy, John David Carrasco, Michael Hodges, Michael Noel and others. Most of the advisors are successful entrepreneurs and founders of big companies, thus providing the great support for the core team which already does the splendid job.

Token and Token Sale Information

A total amount of 200 million tokens will be issued and 150 million tokens will be available for sale. The name of the Budbo Token is BUBO. The distribution of the rest of the tokens will go as follows:

1. 20 million BUBO tokens were used for the pre-sale which lasted from the 27th of November 2017 to the 29th of January 2018. The price for one token was $0.20 and that was the exclusive price for the pre-sale.
2. 10 million BUBO tokens will go for the partners, contractors, marketing, employees, and founders
3. 10 million BUBO tokens will go for community reserve
4. 7 million BUBO tokens will go for dispensary reserve
5. 3 million BUBO tokens will go for the bounty

Now, let’s take a look at how the sale is divided, what the dates of the sale are, and what the prices are.

• Tier 1 will last from the 29th of January to the 5th of February 2018. The price of a token is $0.25. At the moment of writing this article, this part of the sale is underway.
• Tier 2 will last from the 5th of February to the 12th of February 2018. The price of a token will be $0.28.
• Tier 3 will last from the 12th of February to the 19th of February 2018. The price of a token will be $0.30.
• Tier 4 will last from the 19th of February to the 26th of February 2018. The price of a token will be $0.33.
• Tier 5 will last from the 26th of February to the 5th of March 2018. The price of a token will be $0.35.Budbo Ico Review

There is no soft cap for this project and the hard cap is aimed at 150 million Budbo Tokens (all that are offered in the sale). The pre-sale is excluded from the hard cap.

The Budbo Token (BUBO) is based on the Ethereum token and they will accept Bitcoin, Ethereum, Bitcoin Cash, PotCoin, Litecoin and Ripple as the eligible currencies for buying their token. You need to open up an account on their website in order to be able to buy tokens and the token transaction is instant and possible 25/7 anywhere in the world. They state in their whitepaper that their token may be eligible for trading sometime in the future if the laws allow, but that they cannot guarantee that it will ever occur for sure.

We have to give credits to their website which provides exact information on how much has been sold. Many of the ICOs reveal neither such information nor the start and end dates of their sale, due to the fact that it may fail. However, according to the budbo.io, both pre-sale and Tier 1 have concluded successfully. At the moment of writing, a total of 40 million tokens have been sold and it is highly likely that they will reach the hard cap with ease.

Scenario Overview

We will not take a look at the three possible scenarios that can happen with this project ퟀ�” the best, the normal and the worst scenario. The following text references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

The best-case scenario would include, of course, legalization of cannabis worldwide and the general acceptance of blockchain technology and cryptocurrency. Since Budbo is the pioneer of this type of project, the competition will not stand in the way and the global expansion will be inevitable, thus increasing the value of their token enormously

The normal-case scenario would involve worldwide expansion but this would not include the complete legalization of cannabis in the world. This means that the company will further expand and the number of users will minimally quadruple.

The worst-case scenario would include the US president criminalizing cannabis and all states reverting back to the criminalization of cannabis. This means that the company itself would have a lot of legal trouble and would function only in certain countries. Since they are already a business which is running successfully, we do not believe that the company will fail. Instead, they will continue to run things the way they are.

The Whitepaper

The whitepaper released by Budbo team is really superb. It is a 56-page long document which explains every single detail that you need to know about the past, present and the future of the project. It starts with forward looking statements and securities laws disclaimer which state certain ambiguities that may occur during your reading of the paper.

After the initial founders’ letter, the Budbo whitepaper goes on to explain everything from project background and mission to their mission and the platform ecosystem. Furthermore, they provide extensive information on pre-sale and sale, with no ambiguities or omitted information as some of the whitepapers have.

The paper also includes topics such as transparency & community control, as well as government regulations. Team members and advisors are all mentioned in the paper and a short bio on each of them is included.

We have to point out and give credits for a 12-page long ending which is called „Risk Factor“. Since the project is about cannabis, they’ve included all the possible risk factor which may act as drawbacks and potential stops to the project. This is a very honest and detailed overview which is there for all the investors to read. We agree that there are a lot of risks when it comes to projects like this and that it is surely a risky investment. However, considering the professionalism of the whitepaper and the professionalism of the people behind the already successful project, we like to believe that the failure of the project is simply not possible if we take out the risk factors.

The Roadmap

Here is the short overview of the work that has been done so far and that is planned for the future:Budbo Ico Review

• • March 2017 ퟀ�” LaneAxis Combination
  • April 2017 ퟀ�” Herb.it ranks Budbo #1
  • May 2017 ퟀ�” The first delivery of cannabis is tracked via BudboTax
  • June 2017 ퟀ�” Initial research on token sale performed
  • September 2017 ퟀ�” MJAC Los Angeles Conference
  • November 2017 ퟀ�” Token pre-sale
  • January 2018 ퟀ�” Token sale
  • February 2018 ퟀ�” The Development of the version 2.0 begins
  • March 2018 ퟀ�” The implementation of blockchain technology begins
  • May 2018 ퟀ�” Launch of the v2.0 of the Budbo App beings

Pros and Cons

Pros:

• • Already established business ퟀ�” they already have a worked out business model which is in use successfully
  • Great team and advisors ퟀ�” everyone on the team is a professional with extensive knowledge of the cannabis business and market
  • Over 75 thousand customers ퟀ�” the numbers speak for themselves
  • Superb whitepaper ퟀ�” the whitepaper covers everything, including the risk factors
  • Simple and up-to-the-point roadmap ퟀ�” everything is according to the schedule for now
  • Token sale is already doing great ퟀ�” pre-sale and Tier 1 have been sold out and Tier 2 is probably going to get sold out, thus significantly increasing the probability that the hard cap will be reached

Cons:

• • Unforeseen circumstances possible ퟀ�” although this is the only bad thing about the project, there are several major (and many minor) things which could affect the project, such as the criminalization of cannabis, countries of the world not legalizing, black market, etc.

Conclusion

Budbo is surely a once-in-a-lifetime opportunity for investors which will either skyrocket and become an exclusive worldwide system for cannabis or fail due to the negative stigma about cannabis that may prevail. For now, everything is going as planned and the token sale is currently underway, with Tier 2 currently being active. People are massively supporting the project and we wholeheartedly agree with the people on this one.

Unlike many other projects which try to „revolutionize“ one thing or another, this one is already amid one such revolution. The countries all over the world are legalizing cannabis and more users and patients require more sophisticated and more convenient way to get to cannabis product. Budbo offers exactly these services and it is about to upgrade them to whole another level, by introducing the blockchain technology into their system.

Set aside, for now, your opinions regarding cannabis legalization and use, and take a look at the project from the purely financial perspective ퟀ�” it is magnificent and a possible heaven for investors. Therefore, act as soon as you can and buy their BUBO tokens in order to take part in the project that may revolutionize the way we grow, order, deliver, use, and perceive cannabis.Budbo Ico Review

Skraps ICO Review and Summary

Skraps is not necessarily a new idea, but it takes an existing idea to the next level. It takes the idea that Acorn has for instance developed and takes it a step further. The problem that they want to work on and solve is that many people are wary of investing and taking big risks by investing a lot of money at once. That is why they are trying to build a platform that would enable users the engage in micro-investing. Similarly to Acorn, where you round off your balance and invest any spare change that you end up with, Skraps aims to do a similar thing, only with cryptocurrencies, as well as fiat. Essentially, with each transaction users make in cryptocurrencies, they will be able to make an investment of their own choice.

The team behind Skraps sees Millennials as an especially important group within this problem, as this idea might appeal to them the most. Rather than investing when a company is on the upswing, Skraps enables users to invest regularly, at systematic intervals. This way, the burden of overthinking investments will be eliminated from the equation. Since Millennials believe that they do not have enough money to invest in anything, Skraps will become a bridge to surpass that problem. If we imagine a situation where an average user would invest $20 per week in about 5 years that investment would grow to almost $6000. In 20 years, that investment would equal close to $35,000.

Skraps ퟀ�” A Good Opportunity

This type of investing has already been very successful. An example of the success of the micro investing system can be seen in Acorns. To-date, Acorns have as many as 2 million accounts on their platform, where almost 600,000 of those were created in 2017. This system, as well as the results that it has made, were a good enough reason for it to attract some major investment. More than $96 million has been invested in Acorns by big names such as Paypal, Bain Capital Ventures, and so on.

The team behind Acorn believes that as the blockchain industry is on the rise and the value of crypto assets is going up, crypto-investing is bound to attract more and more people. Contrary to traditional markets, crypto markets have no borders, they are available 24/7, are under minimal control and show great potential to grow. Therefore, this type of investments may prove to be even better in the aspect of crypto markets than traditional markets.

Taking a situation of incremental investment growth that we have discussed before and translating it to cryptocurrencies, potentially yields even better results. Taking into account that returns for cryptocurrencies and tokens can be as high as 15-20% per year, investing $20 weekly will end up being $7000 in 5 years and $120,000 in 20 years. Therefore, theoretically, taking into account all of these aspects, we believe that crypto-investments may prove to yield much higher profits than traditional investments.

skraps ico

The Team Behind Skraps

The team that is developing Skraps consists of 10 people in total, so we will give a short overview, alongside with some LinkedIn information, for the most crucial members of the team.

• Kal Mokhtar ퟀ�” Co-founder and CEO of Skraps. Also a co-founder of Organicade, Inc., founder of KTM Trade, LLC, formerly manager of international business development at UNCL.
• Mohamed Sherif Effat ퟀ�” Co-founder of Skraps. Formerly a financial analyst at Nobelis Egypt.
• Bogdan Fiedur ퟀ�” Blockchain expert at Skraps. Co-founder of Bitjob, consultant on Blockchain and ICO at PayPie, Auditchain, Requitix.io.
• Vinshu Gupta ퟀ�” Blockchain expert at Skraps. Blockchain consultant at Emirates NBD, formerly software developer at Sopra Steria.

In addition to these 4 team members, there are additional 6 members who take positions of developers, marketers, and managers.

Apart from the 10 team members working on Skraps, there are also 4 advisors who are supporting the project. All of them have experience in blockchain and cryptocurrencies, whereas one member, Volodymyr Lytvyniuk has a high ICO success score on icobench.com of 7.1.

The general team and the advisors behind the project seem like they would know what they are doing. Most of them have good experience in blockchain and crypto industry prior to engaging in this project, therefore, we would say that they definitely have the brains to make Skraps possible.

Skraps ퟀ�” Token Sale Info

SKRAPS token is the official token for Skraps project and its symbol is SKRP.

Token Usage

The Skraps token will be used in two main ways:

1. The token will be used to charge the service fee of the SKRAPS platform. Each Skraps account will be charged 5% of their SKRP tokens per month, regardless of the total amount invested by the account.
2. The tokens will also be used as a paying method for the portfolio managers whose job will be to manage cryptocurrencies portfolios on the platform. This way, the incentives of the portfolio managers will be proportional to the success of the platform. The better the portfolios available, the more users it will attract to the platform. Therefore, anyone will be able to develop their own portfolio and earn 20% in commission from anyone who copies it.

Details on Token Sale

The total number of SKRP tokens to ever be created is 110 million. From this total number, 66 million is allocated to become available as a part of the token sale in Token Sale and whitelist.

• 11 million tokes will be allocated for founders and the rest of the team, including advisors.
• 5 million is intended to be spent on Marketing, as well as on Bounty programs.
• 5 million will not be available at the time of Token Sale but will be kept for future token issue.
• Finally, any unsold tokens will be split among token holders in a proportionate manner.

During the token sale, SKRP tokens can be bought by using BTC, LTC, ETH, Dash, Ripple, as well as Bitcoin cash.

Token Sale will take place in 13 total rounds, the first one starting on January 15 and the last one ending on February 15. During this time, the price of SKRP token will increase slightly after each round, starting at $.35 and ending at $.45 per one SKRP token.

skraps ico

The team has decided to fix the prices on USD because of the current fluctuations in the value of cryptocurrencies.

A minimal purchase during all 13 rounds of Token Sale will be $50. A discount will be provided for those who decide to buy tokens in the early stages of Token Sale. The highest discount offered will be 67% and it will steadily drop through each round as the sale progresses.

So far, during the first 5 rounds, a total of almost 10 million SKRP tokens have been distributed to buyers. The soft cap for the token sale is $1 million, whereas the hard cap is $21,450,000.

All funds raised during the Token Sale will mostly be used to develop the platform at to advertise it to future users. A total of 80% is reserved for these two areas. The rest of the funds will be proportionally distributed across payments for the team and managers, legal fees, exchange fees and other expenses.

It seems like the team has a good idea on how they want to allocate their funds. Also, offering incentives to potential buyers in the form of discounts and lower charges during the initial stages may prove to yield more buys. Since during the first 5 rounds almost 10 million tokens have been sold, we can assume that the number will grow as the final stages approach, as buyers might try to grab the final discounts.

Skraps ퟀ�” Scenario Overview

As with any project and idea, there can be different scenarios and outcomes. Therefore, we have set out to create three theories as to what the final outcome of the project might be. These will be structured through the Best, Normal, and the Worst case scenario for a potential investor.

Best Case Scenario

In the best case scenario, of course, the sale of SKRP tokens will continue to gain momentum and by the end of round 13, the biggest part of the 66 million tokens will be sold out. This way, the project will have enough funds to invest in the development and marketing of the platform. In the best case scenario, the team will be able to issue both the mobile and the desktop app and it that way significantly increases the number of potential users. That way, the user base of the Skrap platform will continue to rise, alongside with the rise in popularity of cryptocurrencies.

Normal Case Scenario

In the normal case scenario, the project will reach its soft cap and collect sufficient funds to develop the main parts of the platform and advertise it moderately to the potential users. So far, 10 million tokens have been sold, which would mean that the project has already hit its soft cap of $1 million. If the situation does not significantly improve, with a bit of luck, the team will have enough funds to allocate on marketing and in that way further promote the idea.

Worst Case Scenario

In the worst case scenario, even though the project has reached its soft cap, the selling of tokens will slow down and won’t get much closer to the hard cap. This would mean that the team would need to make significant cuts in budgets and make compromises between development and marketing of the platform. Eventually, the whole project might fall into the gutters.

Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

Skraps Whitepaper

After going through the whitepaper of this project, it becomes evident that the team has a clear idea of what they aim to do. A lot of effort has been put into making the whole project as clear as possible to the prospective investors and making the reasons behind the idea, as well as the solution to the problem as clear as possible.

The whitepaper features a rather lengthy introduction and motivation section where the idea is discussed. This section is not based on fluff material that is intended to lure investors, but it is supported by research. Several study cases have been linked in the first part to further develop the idea of the problem and the necessity of this platform.

As the whitepaper enfolds, we learn more about the design of the platform and the system that will be used to make it work. Here as well, a lot of effort is obvious. All aspects are discussed in a straightforward manner so that investors, as well as future users, know exactly what to expect. This further discusses and ends with the benefits of using the platform and how it will revolutionize the investment world.

The part that discusses token sale does not include information on the soft cap and hard cap and is not updated so far as to the progress of the token sale as the 5^th round is about to finish. Other than that, it discusses in lengthy detail the distribution of tokens and the allocation of funds within the project.

Our judgment is that this whitepaper is written in a comprehensive manner, with an aim to present the whole project and its possibilities and risks in a straight-forward manner. Even though more info could be included regarding the token sale progress, this info can still be easily obtained on Skraps’ official website.

Roadmap

• April 2017 ퟀ�” Concept
• June 2017 ퟀ�” Research and team development
• December 2017 ퟀ�” White Paper
• January ퟀ�” February ퟀ�” ICO begins and ends
• March 2018 ퟀ�” Beta desktop and mobile app released for whitelist members
• April 2018 ퟀ�” Beta apps released to general public
• May 2018 ퟀ�” Production ready v2.0 app released
• June 2018 ퟀ�” Apps released to the general public
• July 2018 ퟀ�” Open Source development governance process to community
• August 2018 ퟀ�” SKRAP DAO complete

Pros and Cons

Pros:

• Taking into account all of the analytical data as well as all of the information presented in the whitepaper and the information on the market, we estimate that the project is focused on a steadily growing market. Therefore, the project should not have any big problems occupying a prominent share of the market.
• The platform will not be built from scratch, therefore the risks that such development would incur are made void. The base of the platform will be built on technologies that have been used for a long time and that have been tested many times. Acorns, Stash, and Clink are all platforms that have become successful while operating from a similar platform.

Cons:

• Even though the team behind the project has experience in blockchain and cryptocurrencies, it could be stronger. For instance, there are no real experts in the areas of trading and investment within the Skraps team.
• The competitive advantages are insignificant. Nonetheless, one of the project managers stated that the team is negotiating with several crypto portfolio managers/funds.
• There is not sufficient information about the marketing strategy of the project. Significant funds are allocated to marketing, however, there is no detailed information as to how these funds will be used. If this info was made available, future investors could better gauge the chances of success of the project.

skraps ico

Conclusion

As it is well known, cryptocurrencies are the hot topic nowadays. The whole industry is on the rise and it is showing no signs of slowing down. So much so, that more and more governments worldwide are becoming more and more engaged in regulating the crypto market.

The problem that Skraps is trying to address and solve is a pressing one and therefore it is a good idea to base a project off. Similar platforms such as Acorns or Stash have had great success with fiat, so the chances that Skraps will succeed are high. Investing spare fiat or crypto change is an idea that sounds good both to the uninformed and to the expert investors as the risk factor is very low. If the team continues to develop the product in a quality manner, the project will have good prospects.

Therefore, we say that the project is generally one of the more meaningful right now, regarding the issue they are focusing on. If the team does a good job with marketing and if the app interface proves to be simple and easy to use, we see no real reason why this project would not be a success.

skraps ico

Skraps ICO Review and Summary

Skraps is not necessarily a new idea, but it takes an existing idea to the next level. It takes the idea that Acorn has for instance developed and takes it a step further. The problem that they want to work on and solve is that many people are wary of investing and taking big risks by investing a lot of money at once. That is why they are trying to build a platform that would enable users the engage in micro-investing. Similarly to Acorn, where you round off your balance and invest any spare change that you end up with, Skraps aims to do a similar thing, only with cryptocurrencies, as well as fiat. Essentially, with each transaction users make in cryptocurrencies, they will be able to make an investment of their own choice.

The team behind Skraps sees Millennials as an especially important group within this problem, as this idea might appeal to them the most. Rather than investing when a company is on the upswing, Skraps enables users to invest regularly, at systematic intervals. This way, the burden of overthinking investments will be eliminated from the equation. Since Millennials believe that they do not have enough money to invest in anything, Skraps will become a bridge to surpass that problem. If we imagine a situation where an average user would invest $20 per week in about 5 years that investment would grow to almost $6000. In 20 years, that investment would equal close to $35,000.

Skraps ퟀ�” A Good Opportunity

This type of investing has already been very successful. An example of the success of the micro investing system can be seen in Acorns. To-date, Acorns have as many as 2 million accounts on their platform, where almost 600,000 of those were created in 2017. This system, as well as the results that it has made, were a good enough reason for it to attract some major investment. More than $96 million has been invested in Acorns by big names such as Paypal, Bain Capital Ventures, and so on.

The team behind Acorn believes that as the blockchain industry is on the rise and the value of crypto assets is going up, crypto-investing is bound to attract more and more people. Contrary to traditional markets, crypto markets have no borders, they are available 24/7, are under minimal control and show great potential to grow. Therefore, this type of investments may prove to be even better in the aspect of crypto markets than traditional markets.

Taking a situation of incremental investment growth that we have discussed before and translating it to cryptocurrencies, potentially yields even better results. Taking into account that returns for cryptocurrencies and tokens can be as high as 15-20% per year, investing $20 weekly will end up being $7000 in 5 years and $120,000 in 20 years. Therefore, theoretically, taking into account all of these aspects, we believe that crypto-investments may prove to yield much higher profits than traditional investments.

skraps ico review

The Team Behind Skraps

The team that is developing Skraps consists of 10 people in total, so we will give a short overview, alongside with some LinkedIn information, for the most crucial members of the team.

• Kal Mokhtar ퟀ�” Co-founder and CEO of Skraps. Also a co-founder of Organicade, Inc., founder of KTM Trade, LLC, formerly manager of international business development at UNCL.
• Mohamed Sherif Effat ퟀ�” Co-founder of Skraps. Formerly a financial analyst at Nobelis Egypt.
• Bogdan Fiedur ퟀ�” Blockchain expert at Skraps. Co-founder of Bitjob, consultant on Blockchain and ICO at PayPie, Auditchain, Requitix.io.
• Vinshu Gupta ퟀ�” Blockchain expert at Skraps. Blockchain consultant at Emirates NBD, formerly software developer at Sopra Steria.

In addition to these 4 team members, there are additional 6 members who take positions of developers, marketers, and managers.

Apart from the 10 team members working on Skraps, there are also 4 advisors who are supporting the project. All of them have experience in blockchain and cryptocurrencies, whereas one member, Volodymyr Lytvyniuk has a high ICO success score on icobench.com of 7.1.

The general team and the advisors behind the project seem like they would know what they are doing. Most of them have good experience in blockchain and crypto industry prior to engaging in this project, therefore, we would say that they definitely have the brains to make Skraps possible.

Skraps ퟀ�” Token Sale Info

SKRAPS token is the official token for Skraps project and its symbol is SKRP.

Token Usage

The Skraps token will be used in two main ways:

1. The token will be used to charge the service fee of the SKRAPS platform. Each Skraps account will be charged 5% of their SKRP tokens per month, regardless of the total amount invested by the account.
2. The tokens will also be used as a paying method for the portfolio managers whose job will be to manage cryptocurrencies portfolios on the platform. This way, the incentives of the portfolio managers will be proportional to the success of the platform. The better the portfolios available, the more users it will attract to the platform. Therefore, anyone will be able to develop their own portfolio and earn 20% in commission from anyone who copies it.

Details on Token Sale

The total number of SKRP tokens to ever be created is 110 million. From this total number, 66 million is allocated to become available as a part of the token sale in Token Sale and whitelist.

• 11 million tokes will be allocated for founders and the rest of the team, including advisors.
• 5 million is intended to be spent on Marketing, as well as on Bounty programs.
• 5 million will not be available at the time of Token Sale but will be kept for future token issue.
• Finally, any unsold tokens will be split among token holders in a proportionate manner.

During the token sale, SKRP tokens can be bought by using BTC, LTC, ETH, Dash, Ripple, as well as Bitcoin cash.

Token Sale will take place in 13 total rounds, the first one starting on January 15 and the last one ending on February 15. During this time, the price of SKRP token will increase slightly after each round, starting at $.35 and ending at $.45 per one SKRP token.

skraps ico review

The team has decided to fix the prices on USD because of the current fluctuations in the value of cryptocurrencies.

A minimal purchase during all 13 rounds of Token Sale will be $50. A discount will be provided for those who decide to buy tokens in the early stages of Token Sale. The highest discount offered will be 67% and it will steadily drop through each round as the sale progresses.

So far, during the first 5 rounds, a total of almost 10 million SKRP tokens have been distributed to buyers. The soft cap for the token sale is $1 million, whereas the hard cap is $21,450,000.

All funds raised during the Token Sale will mostly be used to develop the platform at to advertise it to future users. A total of 80% is reserved for these two areas. The rest of the funds will be proportionally distributed across payments for the team and managers, legal fees, exchange fees and other expenses.

It seems like the team has a good idea on how they want to allocate their funds. Also, offering incentives to potential buyers in the form of discounts and lower charges during the initial stages may prove to yield more buys. Since during the first 5 rounds almost 10 million tokens have been sold, we can assume that the number will grow as the final stages approach, as buyers might try to grab the final discounts.

Skraps ퟀ�” Scenario Overview

As with any project and idea, there can be different scenarios and outcomes. Therefore, we have set out to create three theories as to what the final outcome of the project might be. These will be structured through the Best, Normal, and the Worst case scenario for a potential investor.

Best Case Scenario

In the best case scenario, of course, the sale of SKRP tokens will continue to gain momentum and by the end of round 13, the biggest part of the 66 million tokens will be sold out. This way, the project will have enough funds to invest in the development and marketing of the platform. In the best case scenario, the team will be able to issue both the mobile and the desktop app and it that way significantly increases the number of potential users. That way, the user base of the Skrap platform will continue to rise, alongside with the rise in popularity of cryptocurrencies.

Normal Case Scenario

In the normal case scenario, the project will reach its soft cap and collect sufficient funds to develop the main parts of the platform and advertise it moderately to the potential users. So far, 10 million tokens have been sold, which would mean that the project has already hit its soft cap of $1 million. If the situation does not significantly improve, with a bit of luck, the team will have enough funds to allocate on marketing and in that way further promote the idea.

Worst Case Scenario

In the worst case scenario, even though the project has reached its soft cap, the selling of tokens will slow down and won’t get much closer to the hard cap. This would mean that the team would need to make significant cuts in budgets and make compromises between development and marketing of the platform. Eventually, the whole project might fall into the gutters.

Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

Skraps Whitepaper

After going through the whitepaper of this project, it becomes evident that the team has a clear idea of what they aim to do. A lot of effort has been put into making the whole project as clear as possible to the prospective investors and making the reasons behind the idea, as well as the solution to the problem as clear as possible.

The whitepaper features a rather lengthy introduction and motivation section where the idea is discussed. This section is not based on fluff material that is intended to lure investors, but it is supported by research. Several study cases have been linked in the first part to further develop the idea of the problem and the necessity of this platform.

As the whitepaper enfolds, we learn more about the design of the platform and the system that will be used to make it work. Here as well, a lot of effort is obvious. All aspects are discussed in a straightforward manner so that investors, as well as future users, know exactly what to expect. This further discusses and ends with the benefits of using the platform and how it will revolutionize the investment world.

The part that discusses token sale does not include information on the soft cap and hard cap and is not updated so far as to the progress of the token sale as the 5^th round is about to finish. Other than that, it discusses in lengthy detail the distribution of tokens and the allocation of funds within the project.

Our judgment is that this whitepaper is written in a comprehensive manner, with an aim to present the whole project and its possibilities and risks in a straight-forward manner. Even though more info could be included regarding the token sale progress, this info can still be easily obtained on Skraps’ official website.

Roadmap

• April 2017 ퟀ�” Concept
• June 2017 ퟀ�” Research and team development
• December 2017 ퟀ�” White Paper
• January ퟀ�” February ퟀ�” ICO begins and ends
• March 2018 ퟀ�” Beta desktop and mobile app released for whitelist members
• April 2018 ퟀ�” Beta apps released to general public
• May 2018 ퟀ�” Production ready v2.0 app released
• June 2018 ퟀ�” Apps released to the general public
• July 2018 ퟀ�” Open Source development governance process to community
• August 2018 ퟀ�” SKRAP DAO complete

Pros and Cons

Pros:

• Taking into account all of the analytical data as well as all of the information presented in the whitepaper and the information on the market, we estimate that the project is focused on a steadily growing market. Therefore, the project should not have any big problems occupying a prominent share of the market.
• The platform will not be built from scratch, therefore the risks that such development would incur are made void. The base of the platform will be built on technologies that have been used for a long time and that have been tested many times. Acorns, Stash, and Clink are all platforms that have become successful while operating from a similar platform.

Cons:

• Even though the team behind the project has experience in blockchain and cryptocurrencies, it could be stronger. For instance, there are no real experts in the areas of trading and investment within the Skraps team.
• The competitive advantages are insignificant. Nonetheless, one of the project managers stated that the team is negotiating with several crypto portfolio managers/funds.
• There is not sufficient information about the marketing strategy of the project. Significant funds are allocated to marketing, however, there is no detailed information as to how these funds will be used. If this info was made available, future investors could better gauge the chances of success of the project.

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Conclusion

As it is well known, cryptocurrencies are the hot topic nowadays. The whole industry is on the rise and it is showing no signs of slowing down. So much so, that more and more governments worldwide are becoming more and more engaged in regulating the crypto market.

The problem that Skraps is trying to address and solve is a pressing one and therefore it is a good idea to base a project off. Similar platforms such as Acorns or Stash have had great success with fiat, so the chances that Skraps will succeed are high. Investing spare fiat or crypto change is an idea that sounds good both to the uninformed and to the expert investors as the risk factor is very low. If the team continues to develop the product in a quality manner, the project will have good prospects.

Therefore, we say that the project is generally one of the more meaningful right now, regarding the issue they are focusing on. If the team does a good job with marketing and if the app interface proves to be simple and easy to use, we see no real reason why this project would not be a success.

skraps ico review

Midex ICO Review and Summary

Midex is one of the companies which will try to incorporate the world of cryptocurrency and blockchain into the financial market. There are already several companies trying to solve this problem, and we will review how Midex plans to do and whether it is worth our time and investment. Read on this Midex ICO Review to find all the important details!

Midex Introduction

The main problem which the people at Midex currently perceive is the fact that the cryptocurrency market is separated and it is still growing. There are still no efficient ways to connect your crypto assets to your card or any type of bank account. Furthermore, it is very difficult to pay something with cryptocurrency and most of the businesses still do not allow it.

If you want to pay for something with your, let’s say, Bitcoin (BTC). You need services of several companies to successfully exchange the money and transfer it to the seller. Therefore, Midex plans to implement a centralized exchange platform which will instantly exchange your cryptocurrency for the currency that you currently need. This will be done at the best exchange rate possible for you will both save time and money that would have been spent on additional fees of all the intermediary companies.

It is inevitable to mention that the Midex team aims high with their project. They called it in their whitepaper “the first cryptocurrency band” and described its start as the “momentous event for the entire world economy”. However, we’ve got to admit that it really sounds rather interesting and if the project is successfully realized, it can surely change the way we perceive money.

The services that the users of Midex will have when they register the platform will involve cryptocurrency exchange, escrow service, ATMs or “cryptomats” as they call it, payment cards, ICO center, marketplace for investment, marketplace for credit, payment systems.

Sounds impossible? Well, everything is possible in the future. That is why you should consider investing in it

Midex – Investment Opportunity

What makes Midex stand out is the support that it has from the Swiss bankers. The realization of the project will include an open API and the 10 different and innovative ways to deposit the assets into your account on the platform.

The best thing about Midex is the Midex token (MDX). If you happen to possess some of their tokens, you will be able to both receive certain bonuses and use the token for buying articles in their shop. Furthermore, MDX will allow you to buy info on confidential markets and view further analytics. This alone is the opportunity good enough to buy their tokens during their sale, which will be discussed later on.

The Team and Advisors

There are currently 11 active team members and 2 advisors. Here is a short list of them and their positions

• Andrey Dubinin – the current president of the company and a successful entrepreneur and co-investor in numerous companies.
• Dmitry Machikhin – CEO, a lawyer with experience in financial and banking sectors and startups.
• Alex Shkirin – Head of tax and legal, a specialist in tax planning and audit
• Evgeny Kaznacheev – CTO
• Valerie Mingova – Head of PR
• Mike Blackwood EMBA – CMO
• Ars Dain – IR
• Stan Sokolovsky – Lawyer
• Max Oleynik – digital marketing manager
• Nick Postnik – hype manager
• Natalia Lukina – project manager

The two advisors are called Renato Almeida from Brasil and Gabriel Brack from Switzerland. It is Gabriel who represents the Swiss bankers and who is a FINMA licensed asset manager, providing the firm support for the project and the team that is working on the project.

We think that the team consists of professionals who will be able to create the platform successfully and that they are on their way to do so. However, the number of advisors is currently too small, and other advisors from all around the world should support the project. Ideally, the bankers from the US would provide even firmer ground for the project to take off.

Midex Token – Information and Distribution

Midex token (MDX) will be the cryptocurrency that will be used both within the system and outside the system. The internal use was mentioned earlier, and the external use would include discounts in hotels and cafes, paying for plane tickets, getting bonuses with many companies and buying entrances to exclusive events all around the world. Therefore, buying MDX is very profitable, and the sale of the tokens is currently underway.

The MDX token is based on Ethereum and it is ERC20 compatible. We could not manage to find the exact dates on when the sale will end, and the presale began somewhere mid-December of 2017. The problem with the final date is that varies from a website to a website, with no exact date on the official Midex website. It is possible that the ending time will be set upon reaching a certain amount. There is no soft cap mentioned and the hard cap is 75 million MDX sold, which is the total amount of MDX. The number of tokens which is sold at the moment of writing this article is estimated to somewhere around 5 million.

A total number of 75 million MDX tokens will be released in ICO and 85% will go to the investors. Furthermore, the advisors, the team and the execution of ICO (bounty) will get 5% each.

The only currency which is currently accepted is ETH. However, we hope that this will change soon as then the whole idea of the platform will prove invalid. The tokens in the pre-sale were sold ad 1PreMDX = 0.00108 ETH. Currently, the price of 1 MDX is equal to one dollar (1 USD). All of the unsold tokens will be burned.

Scenario overview

This section will provide the overview of the best, the normal and the worst case scenario for this company in the future. The following text references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

The best case scenario would involve Midex taking over the global market and people realizing its potential, thus massively using the platform to exchange currencies. The value of MDX will go up and the 20% of the revenue from Midex commissions will be distributed to the holders of the token accordingly. This means that you can have a pretty solid passive income just by having the tokens on your account.

The normal case scenario would involve you as the investor having the ability to use all the benefits that the token holders have, but that would exclude any type of big passive income. You would continue using the platform as a privileged user and would have probably access to the additional features that will allow you to consider your further investments and to speed up the exchange process.

The worst case scenario is that the company fails to promote the platform and not enough users accept their technology. This is possible if the people worldwide generally remain unaware of the power of the blockchain technology and cryptocurrency. Thus, we believe that one of the main goals of Midex should be to promote the cryptocurrency as the most convenient currency to use in the future.

The whitepaper

The whitepaper is a 43-pages long overview of the project and it will point out everything that you need to know about the project. It begins with the thorough overview of the problems that are currently blocking the further development of the blockchain and cryptocurrency technology. The solution is given right below and, after that, the whitepaper goes into detail, describing all the possibilities that will be present on the platform and how the platform will change the world. You can read everything that you want to know, including goals and tasks, products and services, implementation solutions, legal regulations, Midex team, and Midex token. Furthermore, the whitepaper also has glossary, legal notification, and references at the end which places it among the well-researched, almost-academic papers.

There is one thing, however, that the whitepaper misses and that includes more information on how token sale is distributed. We see this as a minor throwback, due to the fact that the whole point of the platform will be the focus on tokens, currencies and fiat money. Thus, we were unable to find the information about the exact start and finish of the MDX sale. Nevertheless, it is a great whitepaper and if you plan on investing in Midex, you will certainly have fun reading all the details on how they plan to put everything into motion.

The Roadmap

This roadmap will list some of the most significant plans for the future and the finished tasks.

• Before ICO – Exchange of cryptocurrency, escrow, platform, quoted prices aggregation, and public API
• Q2 of 2018 – payment acceptance, apps for mobile, SWIFT participation, EMI license, blockchain technology, API trading, P2P marketplace for loans, management of assets
• Q3 of 2018 – license for bank, saving accounts, settlement accounts, cryptomats, aggregation of crypto exchange, mining pool hub, plastic cards issue
• Q4 of 2018 – lending, network for social trade, secure system powered by Midex, Midex coin creation
• Q2 of 2019 – insurance, marketplace for ICOs, services for brokers, venture investment
• Q4 of 2019 – premium insurance, upgrade of the aforementioned modules

Pros and Cons

Pros:

• Great Team – the team consists of mere professionals who will probably make this project happen and who have extensive knowledge regarding law, banking, finance and IT (blockchain and cryptocurrency in particular)
• Support from Switzerland – the first online exchange platform for cryptocurrencies (and fiat money) that has official support from Swiss bankers
• Incorporates many cryptocurrencies and fiat currencies – for now only the big ones will enter the game, but they plan to expand
• Whitepaper detailed and clear – everything that you need to know regarding the project is there, except the info on token sale
• Possible great return of investment – if the company makes it, you will make it as well
• Token holders will have a privileged position – if you decide to buy tokens, not only will you receive bonuses but also gain special privileges such as named plastic cards, privilege programs, participation in ICO and MIC project, etc.

Cons:

• Not enough info on token sale – we were unable to find the exact dates of token sale ending and general info about the details of the token sale
• Only 2 advisors – both of the advisors are currently well-respected professionals, but the two advisors (who both happen to be lawyers) is not enough and we expect more people to join the project.
• Currently accepting only ETH – we could not find any info on the project currently accepting anything other than Ethereum for buying their tokens and we see this as a minor drawback
• Big competition – they are not the only company that currently plans to be the online bank and cryptocurrency exchange office as there are already platforms that already provide this type of service. The only difference is that this is official and supported.

Conclusion

The idea that people behind Midex have sounds more than promising. The platform will not only be there to support modern banking technology but also to provide opportunities that the internet of things, blockchain technology, and big data offer. Furthermore, the type of security standards that they promise to implement is groundbreaking and the users will be able to feel safe and enjoy their first completely online bank account.

If you plan to invest in Midex, now is the time as we have no detailed info on whether the price for their token will go up in the future. If all of their promises for the token-holders are true, then you should definitely spare some Ethereum change and consider buying yourself several of their tokens.

Midex is still in its infancy and we sincerely hope that the project will succeed, as that will help not only investors and users of the platform but every economy in the world, thus proving that the cryptocurrencies are here to stay and become incorporated into the everyday use.