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Ratings BQT

Social P2P Crypto Exchange and Hedge Trading Platform

BQT P2P Exchange Platform provides secure, interactive and flexible trading environment and user-friendly interface for its community to manage various types of transactions consisting of many crypto assets in traders portfolios. BQT introducing the revolutionary approach allowing traders to leverage their crypto holdings to acquire crypto assets from other peer traders. Unlike Margins and Futures Trading, BQT Hedge Trade system is a flexible method for Traders of acquiring crypto assets from other peers for a short-term period by means of escrow of their existing crypto holdings and still maintaining its ownership for a term of the trade. BQT platform allows traders globally to securely post their trade terms on exchange and negotiate their crypto trades directly interacting with each other and sharing their experience with the community.

4.0
11 10 expert ratings
Benchy 4.4
KYC
Experts
4.3
3.7
3.6
Review: coming soon PRO
~$37,000,000
value of tokens sold in ICO
Ended
Token
BQTX
Type
Price in ICO
1.0800 USD
Country
UK
Whitelist/KYC
KYC & Whitelist
preICO start
18th Aug 2018
preICO end
18th Sep 2018
ICO start
18th Sep 2018
ICO end
18th Mar 2019
Visit ICO website
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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
Igor Karavaev
Blockchain Enthusiast and Advisor
Rated on Oct 31, 2018
5
3
4
10%

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

+3Agree
+2
-1Disagree
Report
Eddie MandelICO team member replied on 7 Nov 2018
Hi Igor! Thank you for your review! I agree that exchanges market is overcrowded and there needs to be a void solving part... which we believe we have by allowing traders leverage their crypto to acquire more holdings directly from peer traders. We will work on more analysis for WP based on your recommendations. Cheers, Eddie.
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Feb 16, 2019
3
5
4
10%

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

Agree
-8
-8Disagree
Report
Miruna-Maura Barbulescu
Entrepreneur, Author, Journalist, Trainer, Influencer, Crypto Expert, Twitch Streamer and Marketing Specialist.
Rated on Oct 30, 2018
5
5
5
9%

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!

+3Agree
0
-3Disagree
Report
Eddie MandelICO team member replied on 7 Nov 2018
Thank you for your review and trust Miruna!
Ian Scarffe
Blockchain Consultant, ICO, IEO, STO Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on Feb 11, 2019
4
5
4
9%

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!

+20Agree
+20
Disagree
Report
Nozomu Nakazato
Blockchain consultant
Rated on Aug 17, 2018
Modified on Oct 4, 2018
4
3
4
8%

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.

*Mr. Eddie,
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.

+19Agree
+16
-3Disagree
Report
Eddie MandelICO team member replied on 4 Oct 2018
Hi Nakazato-san, thank you very much for taking some of your time for another look at our project. I am flattered you see improvements and our team will continue working hard to gain more trust from respected experts like yourself! Cheers, Eddie
Paul Cliffe
ICO advisor|Crypto-asset and ICO investor| Libertarian|CEO of Block Venture Project
Rated on Aug 16, 2018
4
2
2
8%

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.

+4Agree
-3
-7Disagree
Report
Eddie MandelICO team member replied on 4 Oct 2018
Hi Paul! I am a CEO of BQT Technologies, LTD. (and Ventura capitalist and Libertarian myself ;) ) I was advised by ICObench to create another profile (separate from my expert one - https://icobench.com/u/edward) to claim this ICO so I could respond to rating experts. Once again, I am greatly appreciative for your effort to review BQT. It was fair and based on info available at that time. I did not want to respond to you before few things got taken care of. 1. The reason we did not have MVP because we were about to release whitelisting beta which has recently been announced. You can actually register and look around the platform without whitelisting at BQTexchange.com/register. This is truly Alpha++ MVP stage and we are testing decentralized wallet module now. Full beta to be released in December. ////// 2. We now added few top experts, including ICO Driver (TOP Icobench Luca Cotta - https://icobench.com/experts) who is heavily involved in the project and has done over 30 days DD and now looking into several investment options himself (ofcs can't rate)... but hopefully it adds some more credibility rating experts. //// 3. I would like to specifically address the "tokens" comment you made. There is no dividend associated with our project... not at all and we clarified it in the WP and Site documents. There are three things we have - we allocate 30% of our revenues from escrow fees towards quarterly buy-back program (from exchanges, etc. and burn them, we allocate up to 50% of the escrow fees revenue to share revenue with top 10% of traders (based on specific formula, but not as dividends to token holders), we limited ICO token inventory to 200mm and will be burning all unsold tokens, and one more things to mention is we created sub in Malta and applied for v4 license (although its an overkill as our platform is decentralized wallet-to-wallet without fiat but we decided to accommodate the future plans) //// 4. Our Medium channel outlines some of the featured articles as well as our roadshow (I am in fact in Asia now, was in Tokyo and in our HK office now... ). //// 5. It would be great if you could take a look at the video https://vimeo.com/280874044 outlining our vision, I think you will find uniqueness of the hedge trade P2P process we created. //// Once again, appreciate your effort and would greatly appreciate another look and review you provide. Best, Eddie
Jan Schets
ICO advisor | CIO | Blockchain Consultant | Early Crypto Investor
Rated on Aug 18, 2018
4
2
1
7%

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.

+2Agree
0
-2Disagree
Report
Eddie MandelICO team member replied on 4 Oct 2018
Hi Jan! I am a CEO of BQT Technologies, LTD. I was advised by ICObench to create another profile (separate from my expert one - https://icobench.com/u/edward) to claim this ICO so I could respond to rating experts. Sorry, I might be repeating myself per my replies to other experts but I need to address your comments. I am greatly appreciative for your effort to review BQT. as it was fair and based on info available at that time. I did not want to respond to you before few things got taken care of. 1. The reason we did not have MVP because we were about to release whitelisting beta which has recently been announced. You can actually register and look around the platform without whitelisting at BQTexchange.com/register. This is truly Alpha++ MVP stage and we are testing decentralized wallet module now. Full beta to be released in December. ////// 2. We now added few top experts, including ICO Driver (TOP Icobench Luca Cotta - https://icobench.com/experts) who is heavily involved in the project and has done over 30 days DD and now looking into several investment options himself (ofcs can't rate)... but hopefully it adds some more credibility rating experts. //// 3. I would like to specifically address our tokens allocation and utilization. We allocate 30% of our revenues from escrow fees towards quarterly buy-back program (from exchanges, etc. and burn them, we allocate up to 50% of the escrow fees revenue to share revenue with top 10% of traders (based on specific formula, but not as dividends to token holders), we limited ICO token inventory to 200mm and will be burning all unsold tokens, tokens can be utilized to either pay for escrow fees (and get 50% discount) or for boosting the Hedge offers, and one more things to mention is we created sub in Malta and applied for v4 license (although its an overkill as our platform is decentralized wallet-to-wallet without fiat but we decided to accommodate the future plans) //// 4. Our Medium channel outlines some of the featured articles as well as our roadshow (I am in fact in Asia now, was in Tokyo and in our HK office now... ). //// 5. It would be great if you could take a look at the video https://vimeo.com/280874044 outlining our vision, I think you will find uniqueness of the hedge trade P2P process we created. //// I am very grateful for experts that already re-reviewed their rating and would truly appreciate your effort for another look and review you provide. Best, Eddie
Eleftherios Jerry Floros
ICO Advisor | Investor | Analyst | CEO - MoneyDrome Edge - London
Rated on Sep 18, 2018
4
3
3
7%

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 !

+1Agree
+1
Disagree
Report
Eddie MandelICO team member replied on 4 Oct 2018
Hi Eleftherios, I am a CEO of BQT Technologies, LTD (I am an expert and venture investor myself). I was advised by ICObench to create another profile (separate from my expert one - https://icobench.com/u/edward) to claim this ICO so I could respond to rating experts. Sorry, I might be repeating myself per my replies to other experts but I need to address your comments. I am greatly appreciative for your effort to review BQT. as it was fair and based on info available at that time. I did not want to respond to you before few things got taken care of. 1. The reason we did not have MVP because we were about to release whitelisting beta which has recently been announced. You can actually register and look around the platform without whitelisting at BQTexchange.com/register. This is truly Alpha++ MVP stage and we are testing decentralized wallet module now. Full beta to be released in December. ////// 2. We now added few top experts, including ICO Driver (TOP Icobench Luca Cotta - https://icobench.com/experts) who is heavily involved in the project and has done over 30 days DD and now looking into several investment options himself (ofcs can't rate)... but hopefully it adds some more credibility rating experts. //// 3. I would like to specifically address your comments on our tokens allocation and utilization. We made it a bit more specific now and applied certain new conditions to increase value of the tokens and its utilization. We allocate 30% of our revenues from escrow fees towards quarterly buy-back program (from exchanges, etc. and burn them, we allocate up to 50% of the escrow fees revenue to share revenue with top 10% of traders (based on specific formula, but not as dividends to token holders), we limited ICO token inventory to 200mm and will be burning all unsold tokens, tokens can be utilized to either pay for escrow fees (and get 50% discount) or for boosting the Hedge offers, and one more things to mention is we created sub in Malta and applied for v4 license (although its an overkill as our platform is decentralized wallet-to-wallet without fiat but we decided to accommodate the future plans) //// 4. Our Medium channel outlines some of the featured articles as well as our roadshow (I am in fact in Asia now, was in Tokyo and in our HK office now... ). //// 5. It would be great if you could take a look at the video https://vimeo.com/280874044 outlining our vision, I think you will find uniqueness of the hedge trade P2P process we created. //// I am very grateful for experts that already re-reviewed their rating and would truly appreciate your effort for another look and review you provide. Best, Eddie
Maksym Vysochanskiy
Founder of ICOExpert | Appsmoment | Blockchain Advisor
Rated on Oct 13, 2018
5
4
4
7%

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!

+2Agree
+2
Disagree
Report
Eddie MandelICO team member replied on 13 Oct 2018
Thank you Maksym for your analysis! We will work hard to improve on your points as well as other experts on ICObench. And I am greatful for few experts that also took their time to re-evaluate their scores based on additional improvements and clarifications!

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.

Cheers
Manuel Arlotti
ICO Advisor - Marketing Advisor
Rated on Sep 19, 2018
5
5
5
5%

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 !!

+3Agree
+3
Disagree
Report
Eddie MandelICO team member replied on 13 Oct 2018
Dear Manuel, greatly appreciate your review and analysis. Good to have a fan expert) BQT platform truly delivers voids in the market to leverage crypto assets and offer hedge premiums to acquire new crypto. Cheers!
Benchy
ICO analyzer bot
4.4
22%

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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