Cryptassist

Strong management team and experienced advisors;
KYC done;
Friendly website, waiting for MVP;
WP is good - well described finance, tokenomics, business model, competitive advantages, market overview;
An up-to-date topic, but the market is highly competitive. In general, the project has every chance to succeed.

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 .

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.

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.

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.

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.

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.