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Ratings Bailsman

Blockchain-Based Guarantee Solution

Bailsman offers a quick and easy blockchain-based guarantee solution for clients who don’t have the required amount of money or simply prefer to spend it on something else. Bailsman provides a third party guarantee to the merchant for a small monthly fee that is paid by the client, instead of making the security deposit payment and tying up the cash. Merchants can rest assured, as there is no risk of not receiving the requested claim amount. Bailsman only provides guarantees that are 100% backed by licensed financial institutions or telecom companies, and will be paid out irregardless of the client’s financial situation. Growth opportunities for Bailsman are huge, as global security deposit funds across sectors are estimated to be more than $1.5 trillion. Bailsman has already started to develop a platform for the residential real estate industry (a market size over $300 billion) and is holding a token sale to improve the platform and accelerate expansion into new segments.

3.4
16 15 expert ratings
Benchy 3.2
KYC
Experts
3.9
3.6
3.0
Review: coming soon PRO
Ended
Token
BAILS
Type
Price in ICO
0.0349 USD
Country
Whitelist/KYC
KYC
preICO start
16th May 2018
preICO end
1st Jul 2018
ICO start
1st Sep 2018
ICO end
26th Oct 2018
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Ong Jun Hao
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | Consulted 20+ ICOs | Marketing Expert
Rated on Jul 21, 2018
4
4
3
8%

Interesting project. Team is strong but I think its hard to gain adoption. But that said, I think vision is pretty good as well. If they can tap on the 1.5 trillion market, would be pretty powerful.

This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.

+3Agree
0
-3Disagree
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Igor Karavaev
Blockchain Enthusiast
Rated on Jul 7, 2018
Modified on Jul 7, 2018
4
3
2
8%

So many similiar projects so it should be comparison not only with some handpicked centralised solutions but also with ICO projects. There are 3 very general financial scenarios (pages 35-36 of the WP) but no glimpse of the business model's KPIs. No blockchain competences detected as to the team.

+5Agree
+4
-1Disagree
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Nikolay Shkilev
PhD | Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor
Rated on Jul 30, 2018
4
3
3
7%

Very average idea which meet every month. Huge competition. 10 million euros for very average idea - very poorly trust in it. The team is rather strong, will be able to make a miracle, but so far I dont trust

+1Agree
0
-1Disagree
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Nozomu Nakazato
Blockchain consultant
Rated on Jul 24, 2018
4
3
3
7%

A high-demand project prepared by an experienced team. Demand is high, so it is expected that more rivals will be expected.
The biggest obstacle is a different law for each country.
I would like to know how the legal development process is progressing.
Hardcap are huge. In the case of using such a huge hardcap, it is desirable to present a gradual development range for the procurement amount.

+12Agree
+10
-2Disagree
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Paul Cliffe
ICO advisor|Crypto-asset and ICO investor| Libertarian|CEO of Block Venture Project
Rated on Jul 16, 2018
Modified on Jul 16, 2018
5
2
2
7%

Team - good core team and advisors covering all angles.

Vision - I can see why the project has been developed, but we need to contextualise the opportunity. $300bn held in real estate deposits, but how many customers will be eligible for a guarantee from a financial institution? For this, one would assume they would need a good credit record and the money to offset the deposit in the first place. So, if you were a financial institution, why wouldn't you develop your own guarantee scheme for these clients, thus keeping the premiums to yourself and being able to manage the risk accordingly? Further to this, does this solution need to use DLT to work? If anything, I would suggest this project is actually centralised from a risk perspective, but the risk is spread to third party guaranteurs and landlords. Is there really a reason for token issuance, less to raise ICO funds? Clients can pay in fiat and deposits are settled in fiat, so using the tokens merely makes for an extra layer in the process.

The greatest risk to this project is landlords and financial institutions developing the same project themselves without the need for a middleman.

Product - no MVP available. Smart contract on GitHub. I just cannot see the use case for tokens in this solution, or how this solution can survive if such a scheme proves to be successful when it is essentially just a middleman.

+2Agree
+1
-1Disagree
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Suzat Fernandes
CFO & Co-Founder
Rated on Aug 2, 2018
3
5
3
7%

Bailsman’s concept isn’t new. In fact, at least 2 more companies have similar concepts. The lack of blockchain experience by the team is a source of concern.

The vision is strong and the market definitely has the space for multiple players. The project might have to establish a lot of guidelines in place when it comes to legal requirements. There should be strong developmental progress to justify the large hardcap.

+4Agree
+4
Disagree
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Yaroslav Belkin
Ex Cointelegraph and NewsBTC Media Group | Founder and CEO at Belkin Marketing
Rated on Jul 24, 2018
Modified on Jul 24, 2018
2
3
2
6%

Team looks very weak to me, both their experience and blockchain expertise. Advisory board needs to be represented with more people from blockchain community. Vision is nothing but average, product sounds like "another one of those". Not even an MVP available out there.

+1Agree
+1
Disagree
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Ismail Malik
ICOCROWD Editor-in-Chief - Blockchain + Strategic ICO Advisory
Rated on Jun 28, 2018
5
5
5
6%

Here I’m seeing that well-known traditional businessman shows interest to an ICO field. And it’s really nice for me that serious players come to the industry.
Project solves clear market problem and attracts financial institutions to the work on Blockchain, tokenomics looks good and technical realization will be done professionally due to White Paper. It’s an A+ ICO, good luck guys.

+2Agree
+2
Disagree
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John Papadopoulos
Crypto-currency enthusiast, Miner, ICO analyst, Angel investor, ICO investor,Strategist
Rated on Jul 17, 2018
3
4
3
5%

That is a unique. At least I never seen something similar. Some things concern me though. As far as I understand, most of the risk is allocated to the banks. That means many applications will be rejected because banks will not want to lose money. So this will create a decreased demand for the tokens. And one more thing. There is too much exchange involved with FIAT and tokens. There will be additional fees over there. The white paper mentions some reputable institutions and organizations. Did they came in agreement with the Bailsman team or are they mentioned just to create a safe profile?

Agree
-1
-1Disagree
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Cristina Dolan
Co-Founder & COO iXledger | Blockchain | MIT Media Lab
Rated on Jul 24, 2018
5
5
5
5%

This is an intresting concept, well related to the real issues on the market. Still, the undertaking is huge, so the implementation might take more time and effort as stated. The team can be seen to pull this through, though definitely future expansion is needed.

Agree
0
Disagree
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Gaurav Areng Chakraverti
Entrepreneur, Marketing Advisor, ICO Advisor
Rated on Jul 16, 2018
4
3
3
4%

Great team. I appreciate the way it's been structured. There's a level of seriousness and dedication that's been shown here that is worth a 5 I feel. It's refreshing.

The vision is interesting. It's a creative solution to a problem, no doubt. Wit it, though, I personally see some liabilities and difficulties. But it's worth observing. Using the tenets of blockchain I would have prefered the elimination of the problem to be more a focus than ways around the problem, because, at this point, I see it delving more into the financial realm than anything else, and that's a tricky space to be in. If it comes down to a lending-borrower dynamic I feel it's missing out on potential. And that said, the whole crux of this ICO is not being communicated accurately enough.

The product I can see there's work going into it, but, again, depends on the tweaking of this vision and being able to see more of it through its realization I think. It's not necessarily niche, but I do see adoption being a little difficult.

Good luck, guys!

Agree
0
Disagree
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Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Jul 16, 2018
4
3
3
3%

The team is good but I don't see it as a unique concept. There are other similar projects out there and it will be difficult to stand out and get a ROI for investors.

+2Agree
-2
-4Disagree
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Phil Millo
Blockchain Expert | Family Office Owner | Entrepreneur | ICO Advisor | Global Speaker
Rated on Jul 23, 2018
4
4
3
3%

VISION: This is a very interesting idea. It's not new in traditional capital markets -- many have attempted to securitise (ie create a financial security out of) third party guarantees ot other collateral -- but this is the first time I have seen a Blockchain application. It should be noted that doing this almost certainly creates a financial instrument which might lead to a variety of regulatory issues not only in terms of issuing the security but also in selling or brokering it. Furthermore, there may be problems with enforceability. 4/5

TEAM: The team looks strong enough to deliver, but some of them need to update their LinkedIn profiles. 4/5

PROFILE: I have scored the product mid marks although I have not been able to review it yet. 3/5

This is not an invitation to invest. ICOs are risky and you can lose everything you put in.

+1Agree
0
-1Disagree
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Harry Tucker
Business Manager - HiveEx
Rated on Jul 16, 2018
2
5
4
2%

These types of products, think Afterpay have proved to be very successful if done well. It's the next generation of Layby/Credit cards, and it's proven to work.

However, execution is key. I have some doubts with the team, their experience isn't all that relative to this industry, and their chairman doesn't have any other experience on his LinkedIn.

It's a risky one for that reason. But the idea is solid.

Agree
-1
-1Disagree
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Bojan Krstic
Systems engineer
Rated on Jul 25, 2018
4
3
3
2%

Strong Corporate team. Token allocation is within corporate mindset 51% for public 49 for project(company). Advisory board is also backed with corporate background. Got it touch with CEO via unofficial channel. Pverall project seems legit and with enough marketing, work and partnerships it could shake targeted market. Missing blockchain devs in team. Too big softcap

+1Agree
+1
Disagree
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Benchy
ICO analyzer bot
3.2
19%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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