Bitozz

KYC was not conducted on key members in the team. This is a serious flag.

Will be willing to review this rating again if the team responds.

Good luck.

~~~~~~~~~~~~~
Bhinang Tejani - Passed
Abhishek Chaudhary - Passed
Tasos Oureilidis - Passed

Nice!

"BITOZZ is creang a brand new decentralised ecosystem, where traders have access to mulple trading and investment instruments, coupling this with innovave plaorm features, a diverse customer base will be aracted to not just come to trade on the exchange, but stay on as loyal users. Specializing in blockchain and smart contract technology, Bitozz Exchange aims at building a network that could make - not just cryptocurrency trading - but any trading less complex and more diversified in offerings."

Team, please do a spell check across all your materials.

All the best.

Team and advisory looks decent. MVP is already up. I quite like the project but I think the size of the team has to increase for this project to be even more successful.

"BITOZZ is creang a brand new decentralised ecosystem, where traders have access to mulple trading and investment instruments, coupling this with innovave plaorm features, a diverse customer base will be aracted to not just come to trade on the exchange, but stay on as loyal users. Specializing in blockchain and smart contract technology, Bitozz Exchange aims at building a network that could make - not just cryptocurrency trading - but any trading less complex and more diversified in offerings."
Not sure they are cable of this and why blockchain? These guys claim to want an honest rating than troll you and claim other ratings are fake they also spread rumors about experts on lnkd so I have lowers my rating of them . Lots of drama surround this project not sure why I change my rating back to 3 founders are going to post retraction on false accusations on lnkd against Clem

I dont see anything that makes this stand out and think that the market for options is very limited given the volatility in crypto markets that makes buying options very expensive. I think options are a tool for sophisticated traders and not the general public and that the serious traders will not use a product like this. The funds for dev are high given you could white label existing FX type software for this very easily. Its clearly a security token so oont sure about secondary market or if intention is for the company is trade OTC as a market maker themselves.

White paper - The white paper is professionally done and deals with setting up a crypto exchange, to begin with. The best part is that this exchange allows traders to pay a one time fee for trading as well as leverage up to 25X without carrying cost which is cool. The white paper has all the necessary details but lacks a bit more specifics for investors to make an informed decision.

Team - The core team is solid without being extraordinary with a good advisory board. They lack a well-diversified team and depth in the squad.

Tokenomics - The token and funds deployment are within reasonable limits. The team has 20%, Advisors 5% and partnerships 18% i.e 43% tokens are at the discretion of the team members which is quite large. An amount of 30 -35% was still feasible in this respect.

Business Model - The business model is clear but lacks specifics of any kind. They want to give 10% of profits earned to token holders as dividends (monthly) and do a token burn out quarterly with 10% of exchange profit. Dividends are always cool! But, having both these doesn't make any sense.

MVP/ DApp/ Working Product  - They probably have a working MVP.

The project needs a lot of effort to work and might be a success in the long run (being a crypto exchange) but the token holders have to see if they really value this project as its not much different from other exchanges and the profit would come from volumes that this exchange could generate.

Bitozz is coming with general idea, however you don't need to so unique to create good project. KYC passed and there are real people of the project. Lastly, please note that they do have live MVP demo product.

If there is something special about this project, i guess i do not see it. The idea is overused, the team is peculiar, they only accept USD, and the legitimacy is questionable. I just do not see this working out.

Added
I do not know if it is a glitch or not but two members of the team have the same picture on ICO bench. Their LinkedIn profiles are different though.

I am going to revise my rating as more evidence proving legitimacy come up

Moderate raise amount, whitepaper needs to iron out more details of business plans and revenue models, operations etc. Else it's a trading guide book. Tokenomics is straight forward, Needs to have network effect built in to the token some how (i.e voting mechanics of HADAX).

The team needs to show it has the vast spectrum of capability to build the business.

It is competitive space and I think the devil is in the execution of the business plan.

Tying up with key communities to spur its growth is crucial

Blockchain incorporation is valid and the tokenomics is very articulated.

I'm not sure how Bitozz solves current market problems with it's claim of allowing derivatives into the market.

I am always suspecting of a company when I hear "first..." and claims that of a new ecosystem. I can't imagine traders not questioning "new" vs "trusted"

Trust takes time.

On the surface, Bitozz is working in an area we will see happen. Will it be them?

As part of my research into this project I reached out to the team for more information and I was given all the help I required.

BITOZZ is a decentralised ecosystem, where traders have access to multiple trading and investment instruments. Although not unique they are still offering something that enables users to have the freedom to hedge, speculate and diversify their portfolios. I love the vision that the architectural design will enable integration with banking, payment gateways and settlement.

I would like a bit more information on the fee structure and how that plays out.

What really appeals to me is the customization aspect. Users are fully equipped with the ability to customize all preferences which will allow them to stay in control of their experience within the system.

I think this could be potentially very big.

The security used by Bitozz is apparently pretty top notch. I am keen to find out more about it.

Well done team.

KYC plus a well structured Advisory Board are a good starting point. I do not see excellences in the base-team.

No real innovation, and many projects with an almost equal project already exist
Vision is considerable, but still nothing new since Bakkt is on his way to the market

UPDATE: I spoke to Abhishek that explained me some functions of the trading platform, opstions, margin trading, and paths for licences.
I still have doubts about the real scalability and license are not yet in the pocket, so there are still some interrogatives

Projects that seek Blockchain solutions in order to try and drive down transaction costs will need to have a better reason for being in the future world of ICO's. It's perfectly likely that a SaaS capability will come to market and earn a socially-responsible profit with relatively inexpensive development in the agile world.

There are a couple of concerns about this project, not the least that the core management team do not, from their LinkedIn profiles, appear to have any detailed experience in options trading. As a former options trader and structurer, and bank Treasurer, this is going to present credibility issues.

The vision falls short for me for a fundamental reason - the general market participant is having enough difficulty with the concept of crypto trading & pricing, and adding the complexity of options trading is not going to help simplify the market.

Having an MVP is good - having paying customers is first prize. Those projects that are established and pivoting to Blockchain will win, in my mind.

Team has drive and passion, you cannot take that away from them. They also have the capacity to deliver a product.

Based on knowledge of this type of industry, I doubt there is enough of the backing required to fulfil this exchange but I have recommended a few improvements to team.

MVP works. Looks great.

At this moment, I think the team needs to focus on a roadshow, making themselves aware to the public and the Vcs.

The social media is not at the calibre of people who would use this exchange, more airdrop people.

This does offer a look of communities but in reality they are there for free coins, no support.

Message to team I have not spoken too:

Get a sales team, reach out to the events and attend with proof of product.

Advisory is very good!!
I've tried the MVP and it is very easy and interesting.
I suggest everyone to try to believe, also the fact that creating Derivatives Ecosystem for Crypto Assets delivering the most diverse and comprehensive trading & investment solution, it's a difficult goal.

But I wish you best for this project.