Bethereum

I like the team and advisors. Blockchain competences are clear. But you need more people with ico experience. What i lack in the WP - financials and of course competitive analyses! There is SO big wave of similar projects now it should be a must

Nice team .... nice vision ... Will suggest to reduce minimum investment .... best of luck team

an interesting addition that differs from competitors - the ability to work on API for third-party applications.

Bethereum has a nice and experienced team in charge, and the idea is good, however this market is a busy market now so there is a lot of competition. WP is clear and well presented

What ever happens with this project ?
Betting is an interesting use !

Disclaimer: This is an independent review on the ICO and does not lead to investment advice. ICOs are risky, kindly do your own research before investment.

Dont see so much industry experience, strange to pick Hong Kong as a base given the betting regulation there. This is very competitive now with several companies ahead of the game and think looking at the roadmap these guys will have missed the boat

Betting based ICOs are a risky proposition. However I do like the concept of creating your own betting rules.

The challenge with this ICO and all others is that new regulations have deemed that most ICOs are security tokens. This ICO has not accounted for how they will handle that and any investment in this or any other ICO that has not registered as a security token is very risky.

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.

I think the project is excellent. Team members are also excellent. If this project was announced from the second half of 2017 to the first half of 2018, I might have worn an all five.
But now there are too many similar projects and similar products.
And I do not know if this project is brilliantly brilliant. I think expansion of USP is a point.

The concept is not bad, but the betting industry is very competitive and then you have the financial and legal areas, not to mention licences that this industry needs, it will be difficult to implement the whole idea. I'm also against betting, but thats another huge subject!

This platform offers its users an amazing gaming experience with its user-friendly UX and concepts. However, this gaming concept is nothing new, and the issue of regulation and policies against betting might pose a challenge.
I’m not too keen on the quality of the team regarding their perceived limited experience in the industry. Apart from the legalities and challenges involved with having a betting platform, this platform has the potential to do well.

I don't see any advisors who have track record in the industry that can make investors a peace of mind. This must be improved if you want to convince your investors.

Betting is very competitive and also limited in some countries as financial systems don't allow clients to use their services for betting.

KYC passed, good idea

Gambling is the best market ever and it will be totally disrupted by the blockchain.

I believe that Bethereum has got good chances to be successfull but the vision has to be better redefined to be more profitable.

Product is really well developed and explained properly on the whitepaper

It is an exciting project for me. Social and sports betting is the massive industry, in some countries (for example, Hong Kong) betting companies pay a very significant amount of taxes for government, even compatible with the banking sector.

So, it is an enormous and growing market. WP is written good and clear in crucial moments.

Can you please provide some answers to following questions:
1) Ethereum network have very limited transaction capacity now, how much bets can you operate a day without significant problems? You calculated it?
2) Your GitHub has the last update in mid of April, now is June one. Why did you finish to upgrade code for your project?
3) What is about licensing and legal framework for such type of business?

Best regards,
Vasily Sumanov

Good idea, but the team could use some more experts/advisors. I believe the product has merit and if executed properly, could be successful.

All the best to the team.

There are several risk factors involved. Firstly, it is a plattform business and needs a lot of customers and interaction to become successful in the longrun. Second, they don't have an advisor that I can trust. Third, there might be regulatory issues on the horizon.

I like this project.
But it is difficult to win if you don't have unique point.
Because there are so many ICOs related to such gambling.

In order to differentiate it from other ICOs, it is best to clearly present the merit of investors.

Good team can be more diverse, has many competitors but is different then the others. Wish you the best of luck.

I'd like to rate this higher since I think betting is a natural fit for DLT. However I feel like the betting with blockchain space is an already pretty crowded one and I'm not seeing anything terrible innovative here so far.

As such this project may live and die by how well it is marketed because that will drive adoption. I'm not seeing strong marketing experience in this field in the team. However they do seem to have a solid slate of developers with relevant experience behind them.

On the technology front the Bethereum whitepaper glosses over what oracles do - I really would hope for something more like Wagerr or Augur do - where oracles for betting results are a well defined part of the respective systems. I would hope for more specificity on that from Bethereum by now.

So far the gaming on Bethereum is all using simulated currency and a web UI. It's pretty rudimentary and no evidence it is backed by even a test-net BETHER. Hopefully I can revise that later.

BETHER is listed on one exchange so far and seems to be trading (thinly) at 50% of the ICO price. With a market cap in the region of $1.1M compared to say Wagerr ($27M) and Augur ($140M) they could be undervalued and well placed for a nice bump if they can execute and start to attract users. As usual usability for average punters will be a problem and inhibit massive adoption that any successful global betting platform could hope to attract.

Speaking of global - another thing missing from the white paper is discussion of legality. They do have legal representation on the team and as part of the budget but really how do they plan to avoid regulators from countries all over trying to shut them down? This kind of thing is definitely illegal in the US and yet there was not one warning when I used their website. Granted there is no actual money trading hands yet, they are only offering "prizes", but eventually this will be a big concern and I'd like to see it discussed openly.

Team: The Founders have no Gaming or betting algorithm experience.

The vision is poor .
The product if executed would solve the issues in the current betting platforms.

The product is not new, however there is no good review of financial and legal parts of the project. It may potentially result in risks related to operation without gambling license.

Very big industry, but also very competitive. Great idea now comes down to execution.

This rating was based on the information available at the time of the evaluation. This is not a recommendation to invest in this or any other ICO. Please do your own research.