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Ratings DeMars

DMC Stellar Wallet & Anchors

Our objective is to make it possible to send less than $10 back home, at a cost of no more than 1%, in real time. Cross border payments between, too and from, countries on the African continent are the most expensive in the world. More people migrate within the African continent than from it. Often they don't have enough money to send home as they can't meet the minimum payment thresholds and fees set by money transfer operators. DéMars are solving this problem by building a network of Stellar anchors (issuing fiat collateralised stable coins) and simple, easy to use, Stellar wallet applications. Thereby enabling migrants to instantly send home cents. Because this money may be the difference between a family having a meal or not. We're currently rolling out the network in South Africa and Zimbabwe, with a vision of connecting and integrating the entire African continent. From Cape Town to Cairo. Those with less deserve more.

3.1
3 2 expert ratings
Benchy 2.1
KYC
Experts
4.0
5.0
4.0
Review: coming soon PRO

Ended
Token
DMC
Type
Price in preICO
1 DMC = 0.8 XLM
Price in ICO
0.1136 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, China
preICO start
15th Nov 2018
preICO end
28th Feb 2019
ICO start
15th May 2019
ICO end
30th Jun 2019
Visit ICO website
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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 27, 2018
Modified on Dec 3, 2018
4
5
4
25%

Even though KYC does not guarantee ICO success nor is a call for investment, the process verifies the key members of the founding team as a first key test.

As such, I will be willing to revise this rating if the team passes the KYC and responds.

All the best!
~~~~~~~~~~
Shaun Burrow
ICO team member replied on 3 Dec 2018
Hi Clemen, We just wanted to reach out as you rated our "pre-ico" on ICO Bench. If you have some time for a call it will be great. I've attached a project overview doc, which may assist. Marketing isn't our strong point as we are self funded and the advertising agencies we have chatted to don't really understand our solution. Perhaps that is our fault for doing a poor job explain the concept too ;-)
~~~~~~~~~~

Thank you for passing the KYC!

Project looks set to deliver. However, it will be good if you can beef up the team with experienced Advisors.

All the best!

+1Agree
-1
-2Disagree
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Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on Nov 22, 2018
Modified on Apr 26, 2019
4
5
4
20%

White paper - The white paper is completely technical. They have outlined a new way to overcome limitations of POW and POS by their patent pending technology (Note the network design is US patent pending). The white paper has almost has almost no details for investors to make an informed decision.

Team - The KYC is incomplete. The team members and advisors doesnt have affiliations to the ICO on LI - A big red flag.

Tokenomics - Almost no information about token allotment and funds deployment.

Business Model - Lack of any business model.

MVP/ DApp/ Working Product  - Lack of any information except on the roadmap.

Note - After a healthy discussions with the project owners, I am re-evaluating this project.

The team is mostly consisting of engineering team (blockchain, app development, etc) with hardly many marketing team at this moment, which is understandable given the project is in very early stage. According to the team member - "The technical team is impeccable but has a bad marketing effort".

The whitepaper is really technical as it was meant to be so. They are working on the one pager for tokenomics but basically this is a tool for money remittance quickly and cheaply starting from the African region. The technology is really unique which can utilize little data and not comparable with POW or POS....Clean & Green!

The stages of development includes - Architechture planning (Completed with a POC), Network building (on-going) & Application development (not yet).

The team says - "Everyone is ready to ride the train but we are currently laying down the tracks and needs support for it". I believe this project has huge potential but to attract genuine investors they need to update things!

Re-rating the project based on its recent achievements including launching in South African market, adoption, partnerships achieved in Zimbabwe and ofocurse the overall development of project from concept to implementation

Agree
0
Disagree
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Benchy
ICO analyzer bot
2.1
55%

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
2 members invited
Arun Raj
Passed
Shaun Burrow
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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