Ratings Cryptobuyer

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!

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

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!

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!

→ 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

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.

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 !

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.

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.

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.

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.

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.

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!