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Ratings Cryptobuyer

A Fully Working Crypto Ecosystem

Cryptobuyer started back in December of 2015 helping people in countries with high levels of hyperinflation and devaluation such as Venezuela and Argentina, where we had unprecedented success with more than 50,000 registered users in a very short time and in an organic manner. Rapidly we continue to grow and start our operation with Crypto ATMs, becoming the definitive way to connect the FIAT world with the digital one, breaking down the educational barriers on this technology thanks to its ease of use. In 2018 we incorporated a practical point-of-sale solution that is already in use in more than 50 stores and that allows any merchants to easily accept crypto-currencies as a form of payment without having to worry about understanding the technology, breaking down another barrier for adoption. This set of solutions built from scratch by a solid foundational team with extensive experience in the area have made Cryptobuyer a 100% operational ecosystem, with real customers and merchants

4.4
15 14 expert ratings
Benchy 4.8
KYC
Experts
4.2
4.4
4.5
Review: download now PRO
Ended
2019-03-02 - 2019-03-31
9 days 8 hours left
2019-05-09 - 2019-08-30
Token
XPT
Type
IEO launchpad
Price
1 XPT = 0.01 USD
Bonus
Available
MVP/Prototype
Platform
Accepting
ETH, BTC
Hard cap
6,000,000 USD
Raised
$436,800
Country
Whitelist/KYC
KYC
Restricted areas
USA
Visit ICO website
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Changelly

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
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Nov 3, 2018
5
5
5
9%

CEO Jorge Farias has an impressive track record of involvement in blockchain since 2015 as found in https://www.linkedin.com/in/jorgeluisfarias/

" In 2018 we incorporated a practical point-of-sale solution that is already in use in more than 50 stores and that allows any merchants to easily accept crypto-currencies as a form of payment without having to worry about understanding the technology, breaking down another barrier for adoption."

Good traction. All set.

All the best!

+13Agree
+9
-4Disagree
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Jorge FariasICO team member replied on 7 Nov 2018
Thank you very much for your contact and qualification, for us it is an honor to have your opinion and we will be glad to inform you about our progress and growth.
Igor Karavaev
ICO and STO and IEO advisor
Rated on Jul 22, 2019
3
2
4
9%

Seems like the project is not bad. Though the tokenomics and legal issues should be tackled more properly for STO. Anyway here is written utility and not security?! Altogether despite the team relevant experience in crypto industry in general it looks like they have NOT engaged enough people with proper skills in crypto fundraising

Agree
0
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Ian Scarffe
Blockchain Consultant, ICO, IEO, STO Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on Feb 2, 2019
4
5
5
9%

A very interesting and promising looking project. The white paper is detailed and well put together, and the product looks solid as well. It's good to see that this product is working so well already! Good work!

+23Agree
+23
Disagree
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Miruna-Maura Barbulescu
Entrepreneur, Author and Marketing Specialist
Rated on Nov 5, 2018
5
5
5
8%

This project has a working MVP. Their team is well balanced but has only 9 members and 8 advisors. They seem truly excited and dedicated though. I highly recommend you to enhance your team for the success of the ICO.
Aside from this, their vision and product are not unique or original, but in the end, what will make the difference will be their mindset and HOW will they implement it on the market. And of course, their networking. Good luck!

+14Agree
+10
-4Disagree
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Jorge FariasICO team member replied on 7 Nov 2018
Mrs. Miruna, we continue to grow the team and analyzing requests from people who want to join the project to further improve our ability to execute, in addition, we are constantly looking for new partners of weight to make our proposal even more robust, thank you very much for your contact and interest, greetings.
Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on Jan 28, 2019
3
4
4
7%

→ Blockchain Advantage - ✅
→ White Paper - ✅
→ Team Composition - ✅
→ Token Economics - ⛔️
→ Business Model - ✅❤️
→ Social Media Presence - ✅
→ Collaborations & partnerships - ✅❤️
→ Fund Allocation - ✅
→ Legal Loopholes - ⛔️
→ MVP/ DApp/ Working Product  - ✅❤️

Advantage - Well established team and an STO model of fundraising. The vision is clear and with an existing business model. A perfect example of “Reverse STO”.

Disadvantage - The tokenomics is unclear (Note - Business Model is clear & transparent). Investors have no real measure to determine ROI on investments. Atleast the financials for the past 3 years could be included with a projection for the next 3-5 years if not the complete details. Also, lacking a bit in whitepaper especially legal side. Team too is a bit small but has done a commendable job none the less. Clarifications?

You can find my ratings methodology here- https://medium.com/@krishnenduchatterjee/ico-evaluation-investing-a-vc-perspective-for-investment-over-greedy-short-term-returns-433f6f9e13d8

+3Agree
+2
-1Disagree
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Eleftherios Jerry Floros
ICO Advisor | Investor | Analyst | CEO - MoneyDrome Edge - London
Rated on Jul 7, 2019
5
5
5
6%

The vision of Cryptobuyer is excellent, targeting the LATAM market where Crypto adoption is on a steady rise and where BTM’s are slowly but surely making inroads. Having already a 5 year track record and an MVP, adds to the solid basis of the project. Growth and expansion plans across Latin America and in due course Europe and the Far East, as well as expanding POS terminal networks to multinational chains such as 7-Eleven in Mexico, gives the project great chances of success, therefore a well deserved 5 Stars.

The product is already in use and there are plans in place to expand the network of BTMs and POS systems across in LATAM, this gives Cryptobuyer first mover advantage as well as a comparative advantage. Adding mobile apps to the product mix is essential and will facilitate Crypto adoption even more, therefore 5 Stars.

The team is well balanced and the CEO - CTO - CIO have already well-established and successful track records in the Crypto space, this gives their project credibility, ensures viability and provides for great potential for success, hence 5 Stars.

Good luck to the Cryptobuyer team and advisors !

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0
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Simon Zenios
Lawyer & Director at Simon Zenios & Co LLC | Blockchain Legal Advisor | ICO | Law & Security Instructor at SGT
Rated on Nov 14, 2018
5
5
5
5%

By reading the whitepaper, browsing the website and watching your presentation video makes me feel that this project has potential to expand its reach globally.


They have already put into practical use their project. Things like what Cryptobuyer are bring to the industry, is what can help push the adoption faster to everyday people.

Looking into numbers, Cryptobuyer has a good following already with over 40K registered users, and I believe with this achievement they can attract a greater crowd during their crowdfunding stage.

The team has multiple KYC passed members which is also a positive. Good luck with your ICO.

+9Agree
+9
Disagree
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nicolas nups
Program Manager and ICO Advisor
Rated on Apr 18, 2019
4
5
4
5%

Dear ICOBench community,


Please note that before reviewing this project & ICO/IEO, I conducted my own DD : team background, competitors, project history, various analysis and KPIs, growth potential and a lot more factors.


Here are the results of this analysis :

- Team : They appear to have a competent & professional team with members with past experiences in blockchain related projects. I believe they are lacking tech devs but that's not a blocking point at this stage. A couple of team members are not linked to the project on social media platforms.

For these reasons, I am giving a 4/5 for the team.

- Vision : Being able to pay in crypto everywhere is a dream every crypto enthusiast has. Shaping this idea into a working network is a great vision helping the whole crypto community. I wish their community was bigger as they are aiming for the whole Americas tho; but there is definitely room for growth.

This is why I am giving a 5/5 for the vision.

- Product : We already having a working MVP, which is a real advantage for every project willing to raise funds. Clean and user friendly platform, it is really promising for the future. One question remains, crypto transactions between people are advertised on the Cryptobuyer platform but it would be great to notify the users that they will be entitled to taxes depending the countries they are living in. The same goes for merchant transactions : receipts and legal information should be available in the future.

Nonetheless, this is definitely worth a 4/5 for the product.


I invite investors to conduct their own DD before investing time / money on any project.

+3Agree
+3
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Giannis Stathopoulos
Business Development and Operations
Rated on Feb 8, 2019
5
5
5
5%

The product seems like a very good use of the blockchain. The team is experienced and gives the sense that will execute seamlessly. The materials and other information are properly presented and give a good feeling for this project.

+2Agree
+1
-1Disagree
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Craig Wilson
Corporate Strategy
Rated on Feb 3, 2019
Modified on Feb 3, 2019
4
4
3
4%

The thesis of an ATM to purchase cryptocurrency in Latin America is more timely now than it was two years when the hype cycle showed that Bitcoin and other cryptocurrencies would have the potential to go mainstream.

Today, it's a different story as many crypto's are underwater in funding and are void of any execution, and have either folded or limped along until they release a product that fits the market. To see Cryptobuyer still in the hunt has to say something to their persistence of the team and vision.

Latin America is a wide opportunity for cryptocurrency to flourish because of the low entry point not beholden to government policy when it relates to Fintech and is low on the register for most governments to even take the time to investigate and prepare policies for regulation and adoption of commerce on decentralized banking gateway to purchase crypto and buy goods and services.

The risk for Cryptobuyer is adoption by mainstream countries. In Latin America there are only about 70 ATMs of which less than a dozen are likely owned and managed by Cryptobuyer at this time (Jan 2019) https://coinatmradar.com/countries/. I would like to see what the total traction in commerce by the 40,000 or so users are on these ATMs installed and if that number is growing month over month.

Cryptobuyer has an opportunity to to stake a claim to the widest audience of Latin American's who are unbanked and banked that live in the world of devalued currency. With a higher installed base of a mobile Dapp for Cryptobuyer proposed in the roadmap in 2019, we'll begin to see just how newcomers to cryptocurrency begin to purchase goods and services and undergo adoption in high risk countries like Venezuela and Argentina as well as Mexico and Brazil.

Adoption of significant order to change behaviors and banking habits that drive partnerships with Latin America banks is a great milestone to accomplish in 2019.

+4Agree
+4
Disagree
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Anthony Manfre
Founder TOTS
Rated on Nov 7, 2018
Modified on Feb 19, 2019
3
2
2
3%

Disclaimer: Rating and or commentary provided represents my own personal view and is not to be relied upon as advice. I am not a financial advisor nor am I registered in any jurisdiction with any financial services regulator. I provide no recommendations that any offering should be bought, sold or held. Before making financial decisions please undertake your own due diligence and consult a financial advisor.

Agree
-10
-10Disagree
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Mihail Tudoroiu
Founder and CEO at OrbisSolutions
Rated on Jan 28, 2019
5
5
5
3%

This project is very interesting in terms of business functionality. Team is impressive and they already have a working product, good luck in developing the next stage of the business.

+3Agree
+3
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GyuTae Byun
Cryptocurrency analyst
Rated on Jan 29, 2019
Modified on Jan 30, 2019
2
5
5
2%

The project will help countries that suffer extreme inflation, such as Venezuela. It is already cool enough with the demonstration video just by ATM - https://youtu.be/MGZqjahqkJ8

But they seem to lack marketing and white papers are too simple to describe their merits. Your company needs translations for many countries.

+1Agree
0
-1Disagree
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Tamas Peter Turcsán ⚙️
Strategist @ Inlock.io
Rated on Nov 18, 2018
Modified on Nov 18, 2018
5
4
5
2%

Team is ok. Advisory board is ok.
Vision is valid. White paper is good.
Target market is ready for business.
The product is good.
KYC check is ok.

Good luck!

+8Agree
+8
Disagree
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Benchy
ICO analyzer bot
4.8
20%

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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ICO KYC Report
6 members invited
Ruben Colina
Passed
Jorge Farias
Passed
Angel Graterol
Passed
Ezio Rojas
Passed
Maria Celeste Perez Delgado
Passed
viviana sanchez quintero
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

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