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Ratings BiPS

Building an Open and Fairer Financial System

We are the first fully regulated team in the United Kingdom to expand our proven Peer to Peer technology onto the blockchain. Since the financial crisis in 2008, trust in the world’s banks, financial institutions and governments is at an all-time low and ready for disruption. The blockchain and the BiPS Token holders can influence this global evolution simply and securely by creating a trusted network, using Distributed Ledger Technology (DLT). We aim to bring trust to the crypto world by creating an underlying value in the BiPS Token. When the token is used as a payment or exchange, not only will the trade be on the public blockchain ledger, but the network will have underlying resources and real-world stores of value via property and/or other assets.

3.1
3 2 expert ratings
Benchy 4.1
KYC
Experts
2.0
1.0
1.0
Review: coming soon PRO
Unknown
Token
BiPS
Type
Price
1 BiPS = 0.01 ETH
Bonus
Available
MVP/Prototype
Platform
Accepting
ETH
Minimum investment
0.1 ETH
Soft cap
100 ETH
Hard cap
50,000 ETH
Country
UK
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China, Bangaldesh, Pakistan, Russia
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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
Daryl Naidoo
Founder-Promethean Dynamics |Certified Blockchain Solutions Architect|Blockchain Advisory Council |Alliance of Blockchain Professionals |
Rated on Feb 19, 2019
Modified on Feb 19, 2019
2
1
1
24%

Whilst the team is rather large, I feel there are still many resources missing. No point having a big team whilst leaving out key resources. The gap between the softcap and hardcap is massive - 100eth softcap and 50 000 card cap. Could you guys perhaps elaborate on how you would be able to deliver a product with only the softcap amount of 100eth, if you are able to do this then what is the need for the
50 000eth in the hardcap?

Also, on your core team you have Simon Dempsey and Daniel Butler and in your advisory panel you have Tim Dempsey and Jon Butler, is this coincidental or are both Dempsey's and both Butlers related?



+1Agree
+1
Disagree
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Michael MoroneyICO team member replied on 21 Feb 2019
The Dempsey and Butler's are not related. This is a coincidence.
Iulian Anghelin
ICO - STO - DAICO Advisor, Investor Relations, Public Speaker
Rated on Feb 5, 2019
2
1
1
12%

The first question is: are you alive guys? Social and communication channels almost non-existent, no announcements, no updates, the latest communication on telegram is dated November 29th, 2018.

I give a 2 to the team only for the number of members and for the experience that some of them present, but on bips I did not notice the minimum commitment. However, the blockchain developer is missing, the only blockchain lead that is presented as a team member does not appear to have other blockchain experiences.

On the website there is no whitepaper published, I had to search for something, but it would have been better if I did not find it, written less than amatorially, fast, just to have a whitepaper. There is no tokenomics, poor business plan and a tragic token distribution, 81% of tokens to sale, 5% of reserve (do not know which kind of reserve but if is the "reserve fund" then it is a ridiculous number) while the team reserves 10% (it should be at least the opposite).

It is written that the MVP is available but the attached link only leads to the official website, therefore MVP does not exist.

It seems difficult for me to re-evaluate my review but I will be willing to do so if there are any improvements in the near future.

+1Agree
+1
Disagree
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Lee BirkettICO team member replied on 21 Feb 2019
Hi Darrel and Lulian, we have been oprating for 25 years ! so very much alive ! We are a fully regulated and operational business tokenising existing real world assets £5 BN over the next 5 years (Check out our history ????). We are not fantasy land like most projects and shoddy so call advisors/actors in the ICO space. If you would like a grown up conversation, and have a real interest and not just trying to sell us some shoddy marketing services, then please feel free to send me an email with your number. The whitepaper is immediately viewable upon basic login so unsure where your looking at..
Benchy
ICO analyzer bot
4.1
64%

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
Lee Birkett
Passed
Michael Moroney
Passed
Daniel Butler
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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