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Ratings Beercoin

The Beer-Based Cryptocurrency

We are the Bavarian start-up that created the first and only beer-based cryptocurrency based on Ethereum. To mine a Beercoin you will have to download our app, drink a nice cold beer and scan the bottle cap. Beercoins can be sent to friends, donated to charity, or simply used to buy more beer. The most charming part about the Beercoin is that you have beer-based money. While this being an interesting idea in it self, the beer market in the western part of the world is currently decreasing in volume, while new breweries are popping up every day. We want to offer breweries a modern solution to fight for the dwindling market share. Our token has been checked by the German Federal Financial Supervisory Authority and the token itself and the ICO has been found compliant with German law.

3.1
10 expert ratings
3.9
2.5
3.1
2.9
View rating distribution
Ended
Token
BCBC
Type
Price in preICO
1 BCBC = 0.000006 ETH
Price in ICO
0.0055 USD
Country
Whitelist/KYC
None
Restricted areas
USA, China
ICO start
18th May 2018
ICO end
30th Jun 2018
More on ICO
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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
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on May 17, 2018
3
3
3
10%

Core team have lack of experience in blockchain technology.
I don't think there is a unique use of Blockchain technology......
I am sorry to say I don't think it can bring ROI to investors......

+1Agree
-1
-2Disagree
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Paul Mears
ICO investor, cryto trader
Rated on May 20, 2018
3
4
4
10%

I actually quite like this as a concept and can see engagement. NOt sure if the production codes of tops will blow it up though , but its a neat way of getting traction and maybe might be a great partner for another ICO

Agree
0
Disagree
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Karnika Yashwant
ICO Marketing Expert | Launch Strategist | Global Branding and Fundraising Master
Rated on Aug 10, 2018
2
1
1
10%

Team does not have blockchain experience. Adding a +1 for KYC.

The vision and product just does not make sense. Why does this need blockchain? What data are you saving in blockchain here? People earn tokens to give away to others and charity? The motivation factor is low.

Its ad-revenue based model.

I find this as an ICO that will having big time trouble in justifying ROI unless the business model is improved.

+2Agree
+1
-1Disagree
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Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Jun 7, 2018
3
3
3
10%

I would say there is no need to use blockchain technology for this product as it can be easily accomplished using normal web technology.

So I think there might be not much use of it.

+1Agree
-1
-2Disagree
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Jan Schets
ICO advisor | CIO | Blockchain Consultant | Early Crypto Investor
Rated on Aug 9, 2018
3
4
4
7%

This seems like a quirky and fun project. It puts crypto in the hands of people who might otherwise not come into contact with it directly. I think it could really catch on in certain regions.

Aiming for a stable coin is one of the hardest things to achieve, so that might become an issue in the long run.

Team could use a bit strengthening as well. Especially in the marketing department. It will take some effort to get breweries and bars onboard with this idea.

+1Agree
+1
Disagree
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Tobias Schulz
Investment Manager, Pre-ICO Venture Capital Investor, ICO Advisor
Rated on May 18, 2018
2
5
3
7%

Looks like nonesense at first sight, but I really believe that this can become a trend and will bring many people closer to using crypto coins. There might be some shortcomings regarding the technological conception of the business case. I am not sure if transaction costs are well enough reflected in the business case.

Nice Vision, though far from being a revolutionary idea.

+2Agree
+1
-1Disagree
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Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Technical- Market Analyst
Rated on Sep 1, 2018
2
3
3
7%

White paper - The white paper is simple and resembles an essay on the introduction of token economy in the beer industry. It neither describes the needs for blockchain implementation nor the future business model. This makes it a big risk for investors

Team - The team composition doesn’t contain experienced blockchain engineers or experts and mostly they are happy explaining their interests in the kinds of beer they like. Seriously, investors don’t wanna hear what you like but how could you solve an issue and make the product successful (which is lacking!).

Tokenomics - The tokenomics is easy to understand including the mining part but then why implement blockchain??? A normal token would be enough! Clarification?

Business Model - The business model is easy to understand initially but since these coins are minable. What happens when all of the coins run out as the code once printed wouldn’t be utilized again? They have taken a 10 year period into account for this calculation which means they are not very serious about long term goals. The investors have no idea what they are investing in and why?

MVP/ DApp/ Working Product  - The company has a working application. But, no partnerships mentioned with any micro-breweries or established breweries, which is a big cause of concern.

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0
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VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on May 17, 2018
2
3
3
7%

Core team does not have much blockchain experience.

Product and vision are viable but seem country or community specific and really only apply to beer oriented countries with large amounts of microbreweries.

WP is missing the marketing strategy which will be KEY to the success of this project. The revenue model needs improvement as getting stores and bars (outside of your local German market) will prove to be very difficult.

You should target all German bars and breweries across the globe initially to try to gain traction with beer lovers, this may help you gain exposure in a lot of different countries by just targeting German beer focused bars at the start.

Token metrics make sense. This is a niche that could be successful with beer lovers but building a community, attracting partners, and marketing will be key.

good luck!

If you are looking for advisor to help you with the project, let me know. ;)

+2Agree
+2
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Clayton "CJ" Jacobs 柯西杰
Technical PM | Asia Tech | Ex-ReadWrite Editor in Chief
Rated on May 18, 2018
2
3
2
5%

I have several concerns regarding this project.

The core team is either about to be or just have graduated from university. Age is not the issue, especially in the blockchain industry, but according to their public LinkedIn pages, only 1 of the 3 core team members have actual work experience of any kind.

For a blockchain product that is based entirely on utility, to have no core members with business experience seems like a risky place to start.

Then in terms of the blockchain design, there is no need for blockchain to be used for this project at all. Rewards systems like this have been around for decades and digitized more recently. Even Coca-Cola operated a product nearly identical to this several years ago requiring unique codes per bottle and everything.


But, on the positive side, the ICO sale as well as the Founder's stakes in the coins overall are much more generous than greedy in comparison with many other current projects.

If this team approached me with this product idea and with breweries already signed up for a test run I would be interested because this is a proven loyalty model. But for the project as it is leaves me with many concerns regarding the team, use of blockchain (likely just for the ability to ICO), and lack of industry partnerships able to realize this project.

I cannot recommend this project for investment.

+1Agree
0
-1Disagree
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Danny Montaner
ICO Advisor | World Champion Gamer | Esports Award Winner + NA Player of Decade | Management and Consultant
Rated on Aug 19, 2018
2
2
2
3%

Lack of team experience mixed with little to no use product on blockchain doesn't seem like a good idea. Unique ideas don't get extra points unless they make sense and this doesn't.

Agree
0
Disagree
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Benchy
ICO analyzer bot
3.9
24%

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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ICO KYC Report
3 members invited
Tobias Meyer
Passed
Moritz Markgraf
Passed
Christoph Niese
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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