Rated on Oct 31, 2018
Good team, have MVP, quite reasonable idea in the WP. The market is overcrowded so I believe more marketing/competitive analysis needed besides just mentioning Binance success factor in the WP. This project can be successful if well implemented. I will keep an eye on it
Rated on Feb 16, 2019
1. Soft cap 2,000,000 USD ✅
Hard cap 50,000,000 USD
2. Milestones → SEP–DEC 19
APAC Marketing; Expansion Campaign. Please elaborate expansion plans for APAC so that we get a grasp of your execution?
3. Team → It is same team from another project https://icobench.com/ico/iou. Please explain what's going on?
Willing to revise rating if team responds.
All the best
Rated on Oct 30, 2018
The team is good and the size of the team is adequate for this stage of the ICO.
They have an MVP, that's nice!
And their vision is good and I wish them good luck!
Rated on Feb 11, 2019
The team looks good in both quality and quantity. The white paper and vision looks solid, and they have a working MVP. The market is of course a busy one, but they have a good team and vision in place, keep up the good work!
Rated on Aug 17, 2018
Modified on Oct 4, 2018
A good team.
Its a good idea that part of sales will be returned to investors as it motivates investors.
However, there is no clear difference with other exchanges otherwise, and the possibility of continuous user acquisition is uncertain.
There is also an idea, but there is no MVP. Since there are only things that can be created with PSD, I dont know if they really have the power to build a system.
Thank you for the detailed explanation to me.
In response to your sincerity, I also investigated to answer in good faith.
And improved the evaluation.
Rated on Aug 16, 2018
Team - big team, some good experience and education in there. Need a CFO and a risk manager to complete the set if they want the project to develop in my opinion.
Vision - no real in depth discussion on competitors and why the USP will attract traders. Needs consideration regarding the tokens (wouldn't pass Howey test due to dividends). The concept of leveraged trading causes a lot of issues with MiFID II in Europe as these contracts will be CFDs. Hopefully head of compliance and legal has these issues sorted already, but they need to be considered in WP for a higher score here. Nothing to show how monies will be allocated after ICO, much less at different levels of funding.
Product - only screenshots available, would expect more from an exchange at this time.
Good luck to the team in the implementation of this project. I hope to see more literature around spending of ICO raise and potential compliance issues.
Rated on Aug 18, 2018
Good team with extensive experience in several applicable fields.
Decent concept, although not sure if it differentiates enough from similar projects who are trying the same concept.
I would like to see an MVP before investing.
At this point I have little confidence in this ICO because of the lack of transparency.
Rated on Sep 18, 2018
BQT concept is somehow unique - P2P exchange platform - but at the same time there’s a lot of competition out there. One thing that stands out is that there is no soft cap but only a hard cap of 200 million BQTX tokens and that another 600 million BQTX tokens are “frozen” for minting and deployment (company expansion/marketing/loyalty programs) sometime in the future as the needs arises at a rate of max 10% pa - with another provision of up to 28% within the first year - to maintain token liquidity. Don’t know if this is a good strategy or not, because it appears that by initially raising funds by only issuing and minting 25% of BQTX tokens - of the total 800 million tokens - at the end of the ICO, there will be a follow up ICOs soon to release and mint the “frozen” tokens. When the 20% token reserves/3 year lock-up periods expire for the company management and founders, these will most likely be traded on the secondary markets at the same time when additional tokens may be released to fund company expansion thus there will in all likelihood be an oversupply of BQTX tokens resulting in a downward pressure on token price/value. Additionally, paying out dividends will most likely result that these tokens - at some point in the future - will most likely be classified as securities and that can lead to many unforeseen challenges. The tokeneconmics are rather complicated and the whitepaper does not make a convincing effort to alleviate investors concerns, hence 3 stars for vision.
The product is still untested and there is no functional MVP so there’s no way to test the product or evaluate the user-interface and more, importantly the user-experience, therefore 3 stars for the product.
The team is strong with experienced professionals in all categories however the lack of a, CIO, CFO and senior compliance officer is something that needs to be addressed soon, view this, only 4 stars for the team. Good luck to the BQT team and advisors !
Rated on Oct 13, 2018
BQT is coming with nice team and super high advisors. That's why I scored 5 for it. As about vision - it is coming good idea to use P2P network for exchange. Lastly, as about product - it is coming with MVP live one. Lastly, softcap is already reached!
Few points I hope to deliver on our project:
1. All trader wallets are decentralized and controlled by peer traders
2. The escrow is guaranteed by the company and is securely stored.
3. BQTX tokens are utilized for escrow fees (with 50% discount)
4. The company is to allocate 30% of escrow fees revenues to buy back BQTX from or traders (and other exchanges) every quarter and burn them (therefore reducing BQTX inventory which impacts the value of a token). This is much better alternative vs security dividend paying tokens.
5. The company also would share 20% of escrow fees / revenues quarterly with 10% most active traders following our proprietary algorithm. This would benefit utilization of the platform. In addition, we are to announce affiliate program to invite traders and benefit affiliate on revenue share from future trades generated by new users.
This process creates a very transparent system for traders to leverage their crypto holdings and increase their portfolio without risks of system manipulation and in a secure manner.
Rated on Sep 19, 2018
The platform has been perfectly designed.
The study of the crypto market is also considered in the right ways.
The team is made up of the most important names in the Advisor's panomara, all of which symbolizes the trust, the confidence and good intentions of the project.
This is the right way !!
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