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Ratings CRESIO

The CNMV Gives The Green Light To CRESIO

The CNMV gives the green light to CRESIO, being the first legal ICO in Spain. Cresio was born as a result of the need to include in a single place, the absolute control of your cryptocurrencies. The main mission of Cresio is the creation of a platform that encompasses, in a single space, the possibility of operating simultaneously in multiple exchanges, obtaining in real time information on the state of the markets, controlling the balance of wallets, monitoring work in pools of mining, notification and registration to new airdrops, as well as a large list of signals to with operate in the markets. The purpose is to create an agile and control experience, regardless of the degree of user experience, all linked to a high level of security, guaranteeing an unprecedented experience. Likewise, Cresio gives birth to an ERC20 token with several remarkable features, such as the possibility of making the payment for the use of the platform or receiving passive income in the next 50 years, thus converting it into a utility token.

4.1
3 2 expert ratings
Benchy 3.8
KYC
Experts
4.7
4.5
4.5
Review: coming soon PRO
Ended
Token
CRES
Type
Price in ICO
0.0100 USD
Country
Whitelist/KYC
KYC & Whitelist
ICO start
1st May 2019
ICO end
1st Aug 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
Juan Pablo Fernandez Aguero
Business Strategist and CEO
Rated on Jun 21, 2019
5
5
5
29%

Team ★★★★★
Vision ★★★★★
Product ★★★★★

Cresio is the first legal ICO in Spain, I've seen the proofs and it's really impressive.
The crypto traders need a strong software like cresio is developing, it is a real problem and they can solve it.
Cresio has a demo of his platform and I've had the opportunity to check it. It is not just a simple api software, it's a full ecosystem, with an interesting business model and a real use of his utility token.

I've been able to talk with the team and I can assure you this is a legit company, totally focused on their goals and I have not doubts about their success.

I'll follow the progress of this ICO very close.

+5Agree
+3
-2Disagree
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Rafael del Castillo Ionov
Lawyer | Blockchain & ICO Advisor | Switzerland - Spain - Russia
Rated on Mar 26, 2019
3
2
2
6%

When I read about the first legal ICO approved in Spain by the local regulator CNMV I was interested in finding out more about the project, analyzing it and digging to see what´s behind (“CNMV gives the green light to CRESIO”). The statement that the ICO has been approved by the CNMV is not accurate. CNMV has stated that they do not consider this project to be subject to financial supervision by the markets authority. The claim made by CRESIO may confuse some investors as indicating that this project is somehow regulated or approved (supervised) by the CNMV, which is not the case. I highly recommend CRESIO to be extremely careful with such marketing moves in order to avoid any potential liability (eg. see the dispute of CNMV with Housers as crowdfunding platform for a similar case)

The project proposes a single platform to control and operate simultaneously in multiple exchanges. The concept may be interesting for heavy duty traders but does not offer an interesting value proposition for “retail” or ordinary crypto asset holders. Platform creators explained in bitcointalk that this is not meant for ordinary crypto asset holder but for a limited amount of 5000 people who will be able to use the platform.

I remember 10 years ago when several start-ups were trying to implement one platform to rule all social networks from the same place. The concept did not gain any traction and most of them were abandoned as a complete fail. It may be possible that this project can find its audience in professional crypto traders. How useful and scalable would that be? What about OTC operations? The project has currently a working MVP under development which is a good sign.

CRESIO introduces the idea of WalletHold, a remuneration system in tokens for the platform users. Interesting concept which should be analyzed more in detail. Project claims that it offers “high level security” without revealing how this would be accomplished. Potential users will be definitely worried about using a platform to control all their wallets from all their exchanges. They will need more in order to deposit their trust.

The white paper is introducing the legal aspects headlines in number 10 but totally lacks the legal information and guarantees. This is a pretty serious omission which should be corrected asap.

The assembled team may not have sufficient blockchain projects experience apart from one person from mining and another one specialized in airdrops. Lack of relevant advisors who may mentor through this process could be also an issue. I would recommend finding advisors who may fit the project profile, such as prominent traders.

Kindly note that this is strictly a personal opinion based on the review of the project website, the white paper and other publicly available information. This does not constitute a recommendation to invest or not to invest. Experts are blockchain technology enthusiasts contributing to the community without any remuneration.

+1Agree
0
-1Disagree
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Daniel PONS AYALAICO team member replied on 2 May 2019
Dear Rafael del Castillo,

First of all, thank you for this constructive criticism, which will make us review our project even more forcefully in order to obtain the best result.
First of all, answering what you have written, we want to clarify that our contact with the regulator is close and has always been at our disposal for any consultation, so we do not believe that there may be a dispute, since every movement we make is consulted with our legal team, which makes the relevant consultations to the regulator to carry out any movement regarding the project.
Secondly, with regard to the fact that the platform is interesting for large volume users and may not be attractive for "retail" users, we remind you that the platform not only has the peculiarity of being able to operate simultaneously in multiple exchanges, so that a user who only trades in one exchange can benefit from tools that do not currently exist in the exchanges and that we include in the platform. The platform also has a system to perform airdrops, not only ours, thanks to our airdrop department and our collaborators there will be a list of airdrops to perform, previously reviewed and catalogued so that the user has a higher quality product. On the other hand there is the mining rig control system where you can have all the mining pool unified in the same graphical environment. As you can see, this is not just a platform where you can trade on multiple exchanges.
Limiting users to 5000 is just one way of initially ensuring the best service to users. We prefer to make progress in stages to make sure we deliver what we promise. There is no doubt that in the future these places will be extended so that more users can enjoy the platform.
The next point mentioned that 10 years ago they tried to unify social networks.
We do not believe that our case is comparable, since as we explained in the previous point, not only do we offer that the user can work in several exchanges at the same time, but also, we provide them with tools to make their experience more agile and intuitive and thus obtain better results in their operations.
If our product is scalable was another of the questions you asked, and we think it is and a lot.
Cresio has been created by a team of people who fight every day to get the most information from the cryptocurrency market to show it as clearly as possible at all times;
people who think every day of a tool that can make it easier for the user to make decisions when it comes to operating, and that, there is no end to it.
With the WalletHold system we are pleased to know that you find it interesting. It is a system in which we have dedicated a lot of time to make it as attractive as possible for the user.
With respect to security we continue to affirm that security is the most important point to us and that is why the security details will be explained in the right moment without leaving anything behind and giving the user all the necessary information to trust in our project.
About our whitepaper it is true that in version 1.1 the point 10 Legal Terms was not developed, but at the moment the version 1.2 is already published where the Legal Terms are included.

About the experience of the team and the group of advisors we believe that the article was written before we announced the incorporation to the team of Didi Taihuttu, businessman with more than 15 years of experience in IT. He started mining Bitcoins in 2013 and since then has been involved in the blockchain and cryptography 24/7. On the other hand, since our inception we have had the legal advice of CYSAE, a legal team specialized in blockchain projects and cryptocurrencies, among others.
Our mentality is not to have a sheet full of advisors and people to make a bulk on a website. It´s the opposite, our idea is to forge a solid team that is with us 24/7 to be able to launch an EXCELLENT product and that the user will be the great beneficiary.
Once again thank you for your opinion, we will continue to work to improve as much as we can receive a kind regards.

Sincerly
the Cresio team.
Benchy
ICO analyzer bot
3.8
65%

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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