94% of all transactions in most emerging markets are done using physical cash. As a result, the bulk of the economic activities that go on in these regions occurs at the subsistence level and are done primarily offline through traditional outlets. This creates huge problems for companies trying to determine consumer behaviour as a barometer to understand the dynamics of the market. It is of utmost importance to develop adequate strategies that can ignite growth in the emerging markets before they fall too far behind in the global economic narrative.
Underserved populations want affordable access to quality products and financial services. Companies, NGOs, startups, governments and blockchain companies are constantly looking for ways to effectively serve these markets.
CrowdForce uses mobile technology and the largest merchant agent network to help businesses, banks, digital wallets and exchange companies access the underserved population in emerging markets.
The aim of this white paper is to demonstrate the merits of the CrowdForce approach which creates a suitable framework that enables these companies scale to emerging markets. This approach will also bring about 100% increase in financial inclusion in the world in the next 5 years. By leveraging the enhanced transactional ecosystem and reduced cost-burden associated with blockchain implementation, CrowdForce seeks to provide a robust blockchain infrastructure for Market Research, Financial Inclusion and Digital Inclusion.
Missing whitepaper? Let us know.
Rated on Sep 17, 2018
Good business team and advisor. They need strong devs.
Whitepaper needs to be impvoed. I can find only brief about the concept - couldn't see much about finance/business analysis or technical architecture etc!
Would like to see more Medium activity.
No activity on Github.
MVP looks very simple off-blockchain Android app.
Hard to see any ROI for investors!
Rated on Sep 19, 2018
Modified on Oct 14, 2018
"Soft cap15,000,000 USD
Hard cap15,000,000 USD"
This is a serious flag. Please explain clearly so that we may review your rating again. Thank you.
Hi Clemen, Thanks for flagging the hard cap and soft cap being the same on our project on ico bench. It was a mistake. I had my team correct it. Can i get you to review the project again. I am happy to answer any questions you may have.
Rated on Sep 27, 2018
Modified on Oct 30, 2018
Either it got updated wrongly or theres some serious red flag as pointed out by clement. Really advise people to look deeper before investing.
Soft cap: 15,000,000 USD
Hard cap: 15,000,000 USD
Updated, improve the scores from 2,2,2 to 3,3,3 because they updated more info and also on hardcap softcap.
Rated on Sep 28, 2018
Founder has a very strong background. I like the concept and the vision.
Its a very ambitious project and will take a lot of work to get this underway. From an investment perspective its risky, but will be socially rewarding if they succeed.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
Rated on Oct 1, 2018
The hard cap and soft cap for this project is the same which makes me wonder about the competence of its team. They can certainly use more developers I think and start posting on Github. MVP is very basic and business model is not explained in the WP. Will be a tough sell to investors.
Rated on Sep 25, 2018
The team seems well qualified and definitely up to the task. They will need more developers though. The team needs to rework the whitepaper to include the business aspects of the project as this is key to bring investors on board. One thing that needs to be clarified that why the hard cap and soft cap limits are the same.
Rated on Sep 23, 2018
Its not visible what kind of advisor the people are. The concept isnt new and they will have a lot of competitors. The positive thing is that CrowdForce has partnerships with different investor companies, but that wont give value to the coin lonely. It needs to build a huge community which will use the coin, otherwise it will be pumped and than dumped. I like the idea that they want provide service to unbanked people, but like i said, it exists already a lot of such platforms. The homepage is not informative and when I press to Google Store it opens an App called PayForce and not CrowdForce?
Rated on Dec 5, 2018
Good team and advisory board and I believe they will pull through with the many competitors. I believe it’s a good idea but I think they need to improve their marketing to gain trust from a larger community. I think we will see these services available and applied soon.
Rated on Nov 4, 2018
Modified on Nov 4, 2018
Looks like a good team with actual experience in the target market. they do a great job of educating the community about the market dynamics in their medium activities. In my openion more projects like this are required to drive adoption , make it easy and accessible for more people to own crypto and exchange it for fiat.
Rated on Nov 4, 2018
Modified on Nov 4, 2018
The team seems experienced in the industry and has good backing. I am more excited about what they can do with the merchant network in terms of data analysis and digital identities for their consumers. They seem more focused on the fintech part of the business which is equally great but i see more potential in Big Data as they achieve scale.
Rated on Nov 4, 2018
The team have an existing VC-backed business and a proven business model generating revenue already, I will definately like to see more projects like this tackling emerging markets which is where Blockchain is needed the most in my opnion.
Rated on Nov 19, 2018
Modified on Nov 19, 2018
First,I really love the idea of using mobile technology to serve micro businesses in Africa, but I saw below problems:
1.The team are not very strong from tech side, seems CTO from Nigeria & graduated in 2012, no blockchain expert, so how can they use blockchain technology into their product?
2.The advisor "Kola Aina" linkedin profile is not available, nothing showed from some's profiles about this project;
3. Nothing @ Github;
4. When I look to see the MVP, the link redirected to the google play Payforce, which I guess that is the APP they already have and it is nothing to do with blockchain;
5.Telegram group only thousands of members & no any constructive communication or it is not organic.
So my general idea is this project already existed & they just wanna mix it with blockchain and use the concept to raise money, so investment not suggested.
Rated on Sep 15, 2018
CrowdForce is a solid and exceptional team with great ideas, and a strong vision to properly execute these ideas. The project looks promising for me, and it aims to provide digital and financial services to the underserved populations. I look forward to seeing it succeed!
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.
TeamApply as an advisor
CHIEF EXECUTIVE OFFICER/CO-FOUNDER
CHIEF OPERATING OFFICER/CO-FOUNDER
PRODUCT LEAD, MICRO TASKS
PRODUCT LEAD, MICROFINANCIAL SERVICES
PARTNERSHIPS AND INNOVATION
Okorougo Austine Chief Technical Officer
CHIEF TECHNICAL OFFICER
Pre Sale - 40%
Token Sale - 0%
Mobile Forms Launched in Nigeria.
Mobile Forms Launched Merchant.
Joined 500 Startups.
Built Access to A Network of 100,000 Agents.
CrowdForce Concept Development and Research.
White Paper Release.
Token Generation Event.
Mobile Apps Launch (Micro Tasks & Services).
Market Drive Across Sub-Saharan African Countries.
Expansion to Other African Countries.
CrowdForce Blockchain Launch.
Expansion to Middle-East and India.
Expansion to Latin America and SE Asia.