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Ratings Bonafi

Bonafi (formerly known as Group Project)

Authenticating the Supply Chain Using Blockchain Technology. By integrating the Crypto-Tag™ and Mobile Application with Blockchain technology, we are empowering Brands, Retailers, and Consumers the ability to fight against counterfeit products.

4.0
8 7 expert ratings
Benchy 3.5
KYC
Experts
4.7
3.9
4.1
Review: coming soon PRO
Ended
Token
BONA
Price in ICO
0.1000 USD
Country
USA
Whitelist/KYC
KYC & Whitelist
preICO start
24th Sep 2018
preICO end
21st Oct 2018
ICO start
5th Nov 2018
ICO end
23rd Dec 2018
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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 Aug 29, 2018
Modified on Sep 28, 2018
4
3
4
13%

Good project and team.

Bonafi plans to monetize the Big Data. Bonafi Platform would generate a great deal of useful marketing data for advertisers and brands as more customers use the platform. 

+2Agree
0
-2Disagree
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Dmitry Pshenin
CBDO LATOKEN exchange| Cryptoinvestor | Advisor | Listing | Networker
Rated on Sep 9, 2018
5
5
4
12%

I think it's a brilliant idea to hack into the counterfeit market from China. The project shows the entire chain of product creation, which adds value to customers. I think the product has a great perspective in the fight against illegal goods and blockchain is a very important factor of trust in the system. I'll follow the project. I would like to get more information about the token economy.

+1Agree
+1
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Nozomu Nakazato
ICO consultant
Rated on Sep 12, 2018
5
3
4
11%

Well, good ideas and concepts.
I also show respect for the team.
With this project attracting attention by ICO, manufacturers will announce participation all together.
Realistic setting of soft cap.
Whether this technology is truly implementable and what kind of financial plan will the project develop? If these two points are clarified, this ICO can be a huge success.

+12Agree
+12
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Paul Mears
ICO investor, cryto trader
Rated on Sep 7, 2018
5
3
4
11%

I like the tech in they have the right tech and business experience to deliver on this. I like the korean base as I am a big supporter of technology out of Korea. I have seen several companies with what I perceive as similar projects and one Envion I think has struggled with its raise so I am not sure of investor appetite for this product yet. The WP is lacking in some elements in use of funds, tokenomics, or is it a simple security with a equity return, this I think needs expansion. As a non US based investor, I would be reluctant to buy tokens in a Delaware crop and think that main market for this is probably US based investors . Overall I like it but more clarity needed on use of funds and nature of token

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-2
-2Disagree
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Dmitry Machikhin
IT entrepreneur and investor
Rated on Sep 8, 2018
5
5
4
9%

Very promising idea and concept! Havent seen same before. If it will be adopted by market, I cant see no other obstacles of using that. The only thing is why ICO? I would consider such project as VC though... Anyways ICO is still smth that works for cool teams. Bonafi has Roberto Medrano as an Adviser so they will definitely succeed :)

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Antoun Toubia
Chief Excutive Officer at United Capital Investments s.a.
Rated on Aug 28, 2018
Modified on Sep 7, 2018
5
5
5
8%

An experienced team, advisors like Simon Cocking are ones who brings good credibility to the project. It is a strong team, and i had a chat with Steve Kuh one of the founders, great respect for him, he is very serious about his project and business, i call him the One Man Army, i see a good future for this ICO.

This project should be able to attract investors easily, cause it is legit and have big potential, since every business in the world, is in need to prevent fraudsters from deceiving their clients and that is where this product works well.

Very good guys, good luck.


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Yao Min Ng, CBP
| CBP, CBE, CCE |Currently @ Xtheta Singapore, a cryptocurrency exchange | ICO Advisor | IMMO High 1000 | ICOs Investments | Exchanges Listings
Rated on Aug 31, 2018
Modified on Aug 31, 2018
4
4
4
6%

A very prominent problem, solve by a very simple way with the help of BC technologies. There are already a few out there doing the same thing, such as Wabi for tracking of milk power and some other similar services.

A would not say it is a great vision, because this is not something revolutionary but then it does solve the problem and yes there is a problem. Sometime simple solution for an everyday problem works.

The thing is depending on the product, sometimes consumer may actually buy counterfeit knowing they are counterfeit.

Some question

1. Can the tag be counterfeit?
2. What if two tag are the same, or tag is use twice ? (this is where BC solution for double spending come in play I guess)
3. Does the mobile app requires users to dl a specific app to scan?


Decent team with good advisors in both Blockchain and supply chain. There is only one developer in team?

KYC passed

White paper, a little short, but for a simple project like this, I think it is pretty sufficient. This project is really a very simple project on the technical side, but getting the businesses to adapt the system is the more difficult part. So it depends on if the team already have connections with establish brands, electronic needing such services.

Road map avail

Problems
No hard cap stated
Not all product can be fit a tag.
No MVP yet >>> although I am not much worried because on the software side this is not too difficult, I actually want to see the tag, cause the quality and usability of tags might affect it adaptability

updated to reflect some of the answers given to my questions by the team

1. Can the tag be counterfeit? =>No. In the Exec Summary, it states Tag is cryptography enabled NFC tag. On pg 4 of the White Paper states that the tag is encrypted with public key cryptography. This makes the tag duplication impractical.
2. What if two tag are the same, or tag is use twice ? (this is where BC solution for double spending come in play I guess) => Each of our Crypto-Tag is unique. Because of its Crypto-Engine enabled in the tag, each tag is uniquely identifiable. This makes duplication of the tag impractical and impossible.
3. Does the mobile app requires users to do a specific app to scan? => Yes. White Paper, pg 5 describes the App. The Bonafi App would be the only App working on NFC capable mobile phone App that will work with the Bonafi Crypto-Tag.

Understood from the team that big data analytics is a key revenue generator.

Saw the video on the MVP, although i wander why icobench did not reflect that.

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Benchy
ICO analyzer bot
3.5
29%

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
2 members invited
Steve Kuh
Passed
Abraham Kim
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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