Cryptassist

Looks like an powerful all in one application. Good team.

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.

"The Cryptassist mission is to supply everyone with access to the world of crypto-assets through an array of essential tools, with everything from trading and news alerts, to an OTC exchange and even a debit card."

Please elaborate on the debit card. Do you mean using a debit card to trade on the crypto exchange?

The team and advisor board is strong and dedicated. We need more projects of this kind introducing cryptoworld to new comers and making crypto more comfortable for everybody. The WP is quite comprehensive. I will revisit the project later (and will check MVP link)

Well, its making best use of the time sensitive market need.

Good team, KYC approved.

12% for the team is a bit high, but I like 50%+ tokens sold in ICO

Pretty cool and HYIP project in the first approximation. With a very strong team and good marketing. I am sure that the project will be able to raise the necessary amount.

Note the negative aspects:
1. It is planned to gradually burning tokens. Many exchanges will not like it. Up to delisting.
2. Too many tasks have project which wants to solve

First reviewed on 9 July 2018.

C1. Seemingly strong team and lineup of advisors.

C2. 26 products within the Cryptoassist platform - extremely ambitious and unbelievable rollout within 18 months. I would like to request for a more detailed Gantt chart for *each* of the product.

C3. Current softcap is 36,980,000. Is your plan to make a full or partial refund if you do not achieve your softcap?

C4. Very brief write-up on each of the product within the Cryptassist platform but very few details on steps to achieving it.

C5: What is the token lockup/vesting period for the team members?

C6: What is the token lockup/vesting period for the advisors?

C7: What is your smart contact address?

C8. Cryptassist is operating under which company - would appreciate if you could share with us (a) name of the company, (b) company website, (c) company registration number, (d) date of registration, and (e) country of incorporation.

C9. Who are the directors of C7(a)?

C10: (a) Is your funding wallet multi-sig? (b) Who own the keys to unlock the funding wallet?

C11: What's your github address?

C12: You did not mention about your competitors. Would like you to do a feature matrix comparing both the similarities and differences of your competitors - do include your competitors soft & hardcap in your matrix also.

C13. (a) Telegram group is https://t.me/CryptAssistCoin with over 21k members (as at 9 July 2018).
(b) The Telegram group was created on 16 May 2018 though most activities (including massive bounty hunters entries) started from 26 June 2018.

C14. I will revise my ratings after receiving answers from the team on the above comments & questions.

For your reply, pls use this notation, R1 for C1, R2 for C2, ..., R14 for C14.

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Response from Henri on 9 July 2018 through Telegram, @henricryptassist:

We have the team to back it up. And we are already working for a long time on the apps

Over 40 staff full time: 3 Video of the Office & team members, http://ye.sg/download/ico/CryptAssist_Ofice&TeamMembers.7z

R3. Full refund. But as according to white paper we can run the ico 4 times 45 days.

So we will have no problem reaching the soft cap

R5. page 4 white paper shows public wallet address and tells its locked for 6 momths

R6 we still not have given coins to advisors. Besides eth and btc

R7 we dont have 1. Simply because we are NO erc-20.
We are a real coin and run our own blockchain. All simple info. First pages white paper

R8. Company name all in the white paper. And legality and disclamer on the website.
Company name: White Castle Team SDN. BHD.
Company number: 1218371-H
Registered Address: No. 104, Jalan Lep 4/6, Bandar Putra Permai, Puchong Lestari, Puchong, Selangor, Malaysia 47110

R9 there is no contract. We are a real coin

R10 no multisig. To dangerous.

R11. Cant put that live during ico. Simply because other wise people can start mining during ico.
Will be put in public after the ico

R12 difficult to do that for 25 products. And their individual softcaps would make no sense compared to our complete project

R13. A We have to start some day dont understand the point mentioning it in. A review
B yes correct. Bounty coin was poster on bitcointalk. Again dont see the use of this ingo.
Please note we have not done any marketing jet

R14. Yes please make an honest and proper review for 1 of the biggest projects of the year

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Updated review on 18 July 2018:

C15. Most of the comments and questions are addressed except a few and I've asked Henri to update me accordingly: https://goo.gl/rDpbxp

Based on the inputs provided so far, I am revising the ratings to from 3 2 1 -> 3 3 2

-----------

Updated review on 24 Dec 2018:

C16. There was an ICO exit scam allegation on Cryptassist by HN in the ICOBench Official Chat.

C17. Back in July 2018, I had a 1-1 Telegram discussion with its CEO Henri and while he was able to address many of my comment and questions, I was still waiting for a few other major gaps from him.

C18. Henri's Telegram name is Henri CryptAssist, while is Telegram id is @henricryptassist
As of 24 Dec 2018, his Telegram ID seems to have been deleted as I was unable to retrieve our past discussions - either that he has blocked me, instead of reverting to me on the various answers.

C19. I noted that there are various top experts that are CTA Advisors, https://icobench.com/ico/cryptassist/team
Cache: https://archive.fo/rQSVS
I urge that they come forward in the ICOBench Official Telegram chat and update us on what is going on with CTA - that is your responsibility as part of CTA to its token buyers, community and stakeholders.

C20. I may revise my ratings after receiving answers from the team on
(a) the unanswered questions as outlined in: https://goo.gl/rDpbxp and
(b) response to C16 to C19.

Based on the CTA developments to date, my ratings has now evolved from 3 2 1 -> 3 3 2 -> 1 2 1

~~~

Telegram History in "CryptAssistCoin [@CryptAssistCoin]" https://t.me/CryptAssistCoin

.....16.05.2018 15:33:44, Criptopher [@Criptophorus]: >>upgraded the group to a supergroup<<
31.05.2018 17:04:37, Henri CryptAssist [@henricryptassist]: Welcome all
.....31.05.2018 21:53:31, Hunny Kaushal [@hunnykaushal]: >>joined the group<<
31.05.2018 21:53:58, Hunny Kaushal [@hunnykaushal]: Hello
31.05.2018 21:54:01, Hunny Kaushal [@hunnykaushal]: How are you
01.06.2018 00:35:05, Admin CTAT [@TonyCTA]: https://youtu.be/y7MlAVBF1_k
.....02.06.2018 17:10:08, Cryptassist Admin [@Cryptassist_Admin]: >>invited Jason. [@Bitcoin_Miner_1]<<
02.06.2018 17:41:28, Admin CTAT [@TonyCTA]: [[Webpage]]https://t.me/cryptassist_it
https://t.me/cryptassist_rus
https://t.me/cryptassist_esp
https://t.me/cryptassist_jp
https://t.me/cryptassist_kr
02.06.2018 18:01:41, Admin CTAT [@TonyCTA]: https://t.me/cryptassist_ch
.....18.06.2018 16:28:39, Mirko [@Mirko_Falleri]: >>joined the group<<
.....18.06.2018 20:09:49, Matt [@CTA_Matt]: >>joined the group<<
19.06.2018 16:02:07, Henri CryptAssist [@henricryptassist]: Hi guys. Welcome, we will start promoting in the next couple of days
:
:
:
19.12.2018 20:28:53, YDR IND: But suddenly we don't hear from admin..somewhat disappointing..
20.12.2018 13:16:56, Hunny Kaushal [@hunnykaushal]: We cannot call it scam until admin is replying here and asking us to wait for announcement. So keep patience.
20.12.2018 14:05:45, Kaushal Rai [@kaushal321]: why team not active?
20.12.2018 23:21:11, Roger Giuffre [@webroboteu]: We need serious updates on the status of projects: exchange and crypto-go, a clear vision of the company organization chart and an honest forecast of the listing date.
22.12.2018 12:19:04, YDR IND: Are we still on track for listing? Just few more days to go

Team and Vision looks good. They need to integrate all this tools & products and make it easier for novice users. The Idea is good but Cryptassist are trying to do too many things at the same moment. There are lots of other people doing similar things as well. Best of luck to the team.

Glad to see someone is trying solve the complex problem that most individuals face when diving into the world of crypto currencies and tokens. It seems like these guys are really focused on being crypto to the main stream .

Team - core team seems strong, although there are some areas where experience could be better, the advisor team may be able to help plug the gaps.Perhaps a little unclear as to what some of the advisors are advising on (potentially profligate use of funds raised for investors). Given the amount of business streams they're trying to cover, there may need to be better organisation of resources for the team.

Vision - different strands explained in WP, but implementing all parts of the vision within 12 months seems like a Herculean task. Does this project add to the space? No. But it does aim to have an 'all-in-one' solution for Crypto-investors. Unfortunately, such concepts usually end up as a 'jack of all trades', with other, more focussed projects tending to do their core raison d'etre better. Given the potential hurdles and lack of focus, I score a 3, although the use of DAG tech will make this project one to watch from a tech perspective.The CryptoGo AR game looks fun too.

Product - no MVP as yet, but the majority of the tech is already developed in one guise or another. But as there's no platform to test, it's 3 at the moment.

Good luck to the team with this, I hope all goes well and the project is a success.

Cryptassist is working to provided a comprehensive set of tools and features including news and trading alerts.

I believe there is a need for such tools in the market. Given the confusion users still have related to cryptocurrencies and blockchain technology. I hope this platform brings more users to the world of cryptocurrencies.

The hard cap seems considerably big but given the team member’s experiences, I think this would be a successful project.

It is a great project and a team even though there are plenty of similar projects already in the market!

Very bad thing about this project is they are running contest to win TESLA!! Everyone get one ticket for each $250 spent! Really?? Is winner going to be chosen trustless? It may be bit interested then but no it's not! Any decent investor would not invest after seeing this. Crypto investors invests in Concept, the status of the project, and the team! This kind of marketing strategy may work for Pizza shop!!

Team's experience looks rather not relevant to this project. Surely, plenty of advisors onboard, maybe too many with again, very wide range of experience and expertise. But the product is where you've really lost me here. AR is a high demanded, hype niche, but does it mean that you can throw it anywhere you like? I don't think so. All-in-one concept looks very questionable, and the fact that we're still not seeing even an MVP with an ICO have just finished making me even more cautious about the project.

I see many team members, experienced advisors, like idea (AR - game with crypto prizes can be really popular).
Not ERC-20 token + for me
Big hard cap saying that it`s really ambitious project

Very complexed project trying to build up a ne-level infrastructure around the crypto world. Definitely worth to pay an attention on the White Paper reading, i like the vision here and due to that i even ready to close my eyes to a soft cap numbers which are pretty high.
Team is well experienced with full advisory board of a well-known Blockchain tech specialists and industry celebs. The project social networks communities are quite big as well, what proves to me project’s necessity to the market.
Hope you guys will able to realize all your plans.

Team - This is only because I don't see where the drive towards realization of this massive vision is coming from. It's more like a CEO, a CTO and a bunch of advisors. But in terms of operations - this is a mammoth task! And I would like to see more people with experience that play a part in realizing these goals.

The vision is of course just huge! I'm a little weary - I was extremely tempted to round-robin from 5 all the way back to 1 only because it does come across as just way too much! What's the core specialization of the company? How is all this being achieved? I'm still going with 5 here only because I feel a big chunk of these "product lines" can be achieved through development and code more than anything else.

However, that brings us to the caps - I feel even the soft cap far exceeds requirements for what you want to achieve. Would need to really dig into details regarding what you're allocating to expansion & growth and development, marketing, adoption, etc. but in any case, it's just way, way too high in my opinion. Even full-blown trading and exchange platforms and managing this with a 10M hardcap.

The product, I can't see it, and there are a lot of questions regarding how and when these will be available.

I do hope the product goes in line with this kind of vision because it will be an incredible platform to use. But that said, it's a very tall order at this point.

Hope to see it happen.

Cryptassist is actually a fantastic idea but overextended in my humble opinion. It will be very difficult to create 25 essential tools and features in one go as many things can go wrong when there's an overload of goals and objectives for an ICO startup. The soft cap of $36M is already very high but the planned hard cap of $236M is simply out-of-this-world and will be very difficult to achieve in my opinion. The team appears to be quite experienced but it will not suffice to create 25 products in the short time frame of only 18 months. Indeed, knowledge is power but common sense trumps megalomania. I wish the team and their top advisors strength and courage to achieve their goals as planned.

I think the team of this project tries to do a little bit of everything and most probably they will get in over their heads. Managing so many features with success is kinda hard. But they are other issues as well. Lets say for the debit card. If someone has for example Ethereum and wants to withdraw money then he must exchange them for CTA's then from CTA to FIAT and then he can withdraw the money. He will also have to pay the fee for the debit card as well which means a lot of unnecessary costs. But the biggest flaw of this project is that the token actually offers nothing. It has no intrinsic value. So there is no reason, the price of this token to go up.

Update 13th of January 2019: seems more and more likely this was a scam all along.

Cryptassist aspires to become the leading web and mobile-based application on which users will be able to access all the necessary information required to stay up to date with everything in the cryptosphere, gathered and presented on one easy to use the platform.

First off the financial details:

- Hard Cap: $236.25M
- Soft Cap: $36.98M

With 12% going to the team, that's a lot of money. Additionally, I cannot find an outline why they need to raise so much money for a platform promising to "supply everyone with unfettered access to the world of crypto-assets through an array of 25 essential tools with everything from trading and news alerts, to an OTC exchange and even a debit card." I get that money is needed to tackle every part they want to tackle, but why so much.

According to a teammember the team of Cryptassist is going to implement an advanced deflation model. This means that the coin supply of 10.2 billion should decrease quickly and the value of CTA has great potential to rise, so why not just start with a lower amount of tokens? Because of their mentioned deflation model they are promising a growing coin value in comparison to (pre-)ICO prices, which is one red flag for me. However, I cannot find any additional details as of yet on their proposed deflation model, besides "we will burn coins, used for services". How much will be burned, what proportion in total, will this be pro rate, exponential, decreasing over time, etc..

The team is promising solutions for a lot of things in a short amount of time, but their whitepaper only mentions problems and no outlines on how they will deliver the solutions. Lots of projects promised debit cards for cryptocurrencies, but there are still almost zero to none out there. So would like to know how Cryptassist will be able to do this due the regulatory framework needed. I am afraid the team is overpromising and overextending the areas they want to tackle, why do we need another AR game, another messaging app, another exchange, ... and why would we need CTA for this instead of the more established competitors for these fields. To me it seems that for e.g. data Cryptassist just uses other sites for news and data, so how does this add anything new?

I see a lot of team members, but all are pretty new LinkedIn profiles or are either from other companies (only a couple really saying they work for Cryptassist), so how dedicated is the team actually? Full technical team is from Mobiloitte, that's nice but what will happen if they move on?

Lots of well known ICO bench advisors, whether that is a good thing I'll leave in the middle. But am curious what they all exactly will add.

Lastly, I do not like the fact the team is luring people in by giving contributors a chance of winning a Tesla Roadster if they contribute more than $250. However, I do like the fact they are giving away 2% of the ICO to international ocean conservation and reforestation non-profit organizations.

Will update my ratings if I find it necessary to do so. For now it seems Cryptassist is promising a lot, and probably too much without any good outlines or reasoning behind their product.

One more all-in-one crypto solution bridging the gap between the crypto-world and day-to-day reality.
Due to the White Paper it offers a very comprehensive proposition indeed, including a lot of features that will appeal to an everyday users. There is really very little direct competition (Tradershub, perhaps) on the market, so Cryptassist may place itself in a very advantageous market position. Wanna see how it will go after the ICO, all the best.

A concept that handles sophisticated and professional exchange tools for the future, Go crypto is a nice promotional stuff for businessess in the joint with crypto. There should be more features and more complexed roadmap to be a perfect project. But any case it worth to spend time on project leaning.

This product is looking cool and awesome.
Their team seems to be hard working. I read a little bit about their project and it seems to be a genuine one.
Let's see what will be the future.

Extremely strong advisory board with experienced team, KYC is passed – well done. Product looks like a whole excosystem and it has rights to exist on the market. Hard cap is too high and that's why i decrease my rank for you guys.

Competent Team. Far-reaching vision. However, the WP needs to be polished more like setting the road map and resources distribution. A lot of preparation will go to waste if the kinks are not ironed out in the early stages. Marketing strategies are crucial, too,

This is a good idea. I believe this coin has a chance to enter top cryptocurrencies. A viable return to investors stems from the potential token growth by many times by making more and more people involved to the cryptospace.
The project looks to be following a roadmap.
I hope it will be a successful project if well implemented, waiting for the MVP version though. Wish good luck to the team!

Team is good but lot of functionalities implementation makes concern to me.

Whitepaper contains lot of good looking functionalities which were even tried by few companies but failed.

overall comments if they achieve what they mentioned in whitepaper than i really appreciate it but for now its seems like creating hype only for sale.

There are so many advisors on this project and they have good experiences. Positive +

Team is either inexperienced or their experience are irrelevant. Negative -

Hype is good with 28k followers on telegram and 11.5k on twitter. Positive +

There is no MVP for product. Negative -

Whitepaper and website do not provide any technical information and they are poor-looking in overall. Negative -

I don't think crypto debit card is a good idea because there are already several companies that tried that. Negative -

Similar thoughts about AR game as well. There are other blockchain-based AR games like Worldopoly, and it might be a bad allocation of developer team for Cryptassist. Negative -

Multicoin block explorer is rather new I guess, so it will be beneficial. Positive +

Exchange is very unnecessary considering the high competition in the industry. Negative -

Messaging app might be useful due to its payment features. Positive +

Cryptstarter won't have a beneficial effect probably as there are several competitors as well. Neutral +/-

CryptOTC might be beneficial as the competition is not high. Positive +

Cryptassist freelancer platform will probably be useless. There were several blockchain based attempts and all have failed. However, it might be beneficial only if the team decides to focus on blockchain related freelancing jobs. Then, it may turn into a hub for blockchain people. Negative -

Trading tool. Unnecessary... There are many apps already. Negative -

I just can't believe how many of my comments had to beproduct related. Even this shows us how bad the team's focus is... I know they are trying to develop an all-in-one product and that's driving them but to me, most will be pretty useless. Negative -

The team looks solid however the product itself looks too far from reality, they want to create too many things for one purpose. So I would say it's a little bit over the top.

With chat pay, freelancer etc. Its not clear what the product is you have to dig deep to understand entirely.

Then there is plant a tree how do we know or prove trees will be planted with funds raised? Tesla too? Hmmm kinda seems desperate now.

This is a very impressive project and will fill a much needed void in this space. Often we find that many on the resources in this market are in various platforms. Cryptassist puts all these resources in one place.

What could you possible need almost $40 million for to build essentially an education app and link a few different APIs together? Even a debit card? You need about $10k upfront to set a debit card program.

Nothing of this is new or original, either. Anyone could put together an application in a week that just plugs APIs into existing news sources, exchanges, and education pools, debit cards. Yet you still don't have any kind of beta to show?