DESICO Business Model:
Platform to issue Security tokens. DESICO will enable to invest in Security Token Offerings (STOs) issued by the most promising blockchain startups, and get quarterly payouts from their revenue. DESICO is creating a scam-free environment by filtering out suspicious and fraudulent projects.
Exchange. DESICO will operate a securities exchange, which will provide immediate listing and liquidity for the security tokens after completion of an STO on the DESICO platform. The exchange will be subject to the regulatory supervision of the Bank of Lithuania, which will provide additional financial security and trust for participants of DESICO network.
Payment system. DESICO will operate a crypto/fiat payment system, which will operate under a European e-money licence. This will allow the DESICO community to manage their crypto and fiat holdings within the platform.
DESI token. The DESI token is a Security token (RPN) and the sale starts on November 7. DESI token holders will receive a revenue share of 12.5% of DESICO’s gross income over the next 30 years. Payouts will be quarterly, with no cap on the revenues. It is a 30-year Revenue Participation Note that is callable after 5 years at any time.
Missing whitepaper? Let us know.
Rated on Oct 12, 2018
Modified on Oct 20, 2018
No MVP yet and also, how does it compares to other competitors and whats the main unique value proposition. Sadly, I think the cost to implement this entire project will be way higher than what they will be raising..
reviewed - MVP UP
Rated on Dec 3, 2018
"DESICO is registered in Lithuania, a European Union and Eurozone country and aims to operate within the regulatory legal framework of the Lithuanian Law of Crowdfunding and under the supervision of Bank of Lithuania (under the control of the European Central Bank). DESICO has already received endorsments from the Ministry of Finance and has been acknowledged for its efforts in promoting STO legalization."
"Payment system. DESICO will operate a crypto/fiat payment system, which will operate under a European e-money licence. This will allow the DESICO community to manage their crypto and fiat holdings within the platform."
The above two milestones are such big feats! Really excited by how the team will scale and ramp up traction.
Rated on Apr 11, 2019
This is a project which has been well planned and executed thus far. The team is good, but as other reviewers have mentioned they face a big challenge with legal issues across different countries if and when they launch there. I trust they have this under control though
Rated on Aug 23, 2018
Modified on Nov 1, 2018
Project where development was desired. But it is not the first penguin. Also, if the project aims to expand worldwide, I am anxious about the budget for legal.
Also, we have not received an operable MVP and I do not know how business can be realized.
* They now have an MVP anymore, I believe the possibility of retail available STO platforms. The evaluation was revised.
Rated on Oct 22, 2018
You have quite a large team, but you need more lawyers to implement the project. I don't think that the right choice for the project regulator Lithuania. First of all you need the approval of SEC, MAS and FINMA.
Rated on Oct 22, 2018
I don't see a very cohesive business plan and whitepaper. Team lacks experience in my opinion. Will need more legal advisors and risk managers if they want to pull it off successfully.
Disclaimer: This is my independent review on this ICO and does not constitute any investment advice. ICOs are risky, kindly do your own research before investing.
Rated on Jan 24, 2019
Modified on Jan 24, 2019
→ Blockchain Advantage - ✅
→ White Paper - ✅
→ Team Composition - ✅
→ Token Economics - ✅
→ Business Model - ✅
→ Social Media Presence - ✅
→ Collaborations & partnerships - ✅
→ Fund Allocation - ✅
→ Legal Loopholes - ⛔️
→ MVP/ DApp/ Working Product - ✅
Advantage - Security token, right time for retail STO exchange and a very impressive revenue share (12.%%) model.
Disadvantage - They have to have a good legal team if they want to launch if for various nationalities.
One of the most important aspect for which I am not giving them a perfect score.
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
Rated on Apr 10, 2019
Good to see product is already up and running with STOs ready to go.
ROI is clear without too much mechanics and manageable too with moderate raise of 5.75M USD.
Team also has relevant background with fintech / crowdfunding expertise.
Rated on Aug 19, 2018
Modified on Oct 22, 2018
The team lacks experience in designing securities, which makes this project untrustworthy.
It's ironic how it talks about the future and how we need security tokens and then ultimately is designing a "DESI" utility token.
Here's the quote from WP "The creation of the DESl utility token will provide
the DESlCO ecosystem with additional stability and will increase in value in-line with
more businesses joining DESlCO. "
The utility is so weak here and a security token would be more suitable.
We work with multiple security offerings and I can tell from experience that it's way more complex then most people imagine, particularly cross border compliance and multiple security models.
I'd recommend DESICO to design their own security token, make it globally compliant, list on their exchange before they try to help others, go through this process once.
I wish you well, but this way you have very little chance to create a EU wide (let alone a global) standard, maybe you can succeed in your country.
UPDATE: 22nd Oct 2018, it looks like the offering changed to a security token, therefore I increased the product rating to 3
Rated on Dec 7, 2018
I must admit I’ve seen other similar projects, what makes your project stand out uniquely from any competitors? It has high potential but I believe the minimum investment might be viewed as too high right now. I really would like to see if the team is up for the challenge and hope they can live up to the roadmap and see this project as one of the best STOs of the immediate future.
Rated on Oct 22, 2018
Team: I have to agree with other Expert who say that Legal / Compliance specialists are missing in the team. The team itself is very strong and they definitely know what they are doing, but there is a gap inLegal + Compliance fields.
I will increase a rate if they onboard a manager / advisor from these missing fields.
Vision: I have no doubt that this business will grow fast in 2019. It is predicted that there will be a rapid growth in STOs, as more and more Blockchain businesses consider STO instead of ICO. Therefore, I am more than sure that Desico will find its clients easy.
Product: Unfortunatelly, there is no MVP yet. When Deciso team will create any MVP from the described products, I will increase the rate too. Again, it is very promising product in a very good timing.
Rated on Jun 21, 2018
We do need security token platforms, but this will not be the first one. Neither does it have the best model. Team is ok, but no stars with real international experience, plus they will need much more legal expertise then advisors can provide. Judging by the lead time it took others to create security platform, the product launch is 1-2 years away. As such, my recommendation to the team is to switch to private financing now and do an ICO much later.
Rated on Jul 12, 2018
2018 will be remembered as the year of the security token, and DESICO looks to be one of the front runners in making the shift from "faux" utility to compliant, regulated security token offerings affordable and realistic for startups. Full marks for team: experienced professionals with successful startups under their belt and a high calibre advisory board. The product is robust and approved by an EU financial regulator. In terms of vision, while not the first security token exchange project, based on my research, they are one of the teams best placed to execute well and to capture a large share of the EMEA market in the space. This is absolutely one of the top high calibre projects of 2018 and beyond.
Rated on Jul 30, 2018
There was a bunch of security token ICOs last year and some of them never listed on any exchange, because exchanges are not legally able to list them. There is a huge need for a compliant security exchange that's why the vision is great.
Rated on Sep 24, 2018
Modified on Feb 19, 2019
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.
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.
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TeamApply as an advisor
Co-Founder / CEO
Co-Founder / Business Development
Chief Technology Officer
Co-Founder / Chief Operations Officer
Chief Marketing Officer
Chief Design Officer
Public Relations Officer
Content & Creative lead
Chief Security Officer
Smart Contract Developer
Quality Assurance Engineer
VP for Investor Relations
Crowdfunding Advisor / Expert Advisor on Alternative Finace at European Commission, Member of the Global Alternative Finance Leadership board at University of Cambridge
Strategy Advisor / Member of founding team at Electronic Arts, Executive director at SkyDeck Berkeley - UC Berkeley’s startup accelerator
FinTech & Blockchain Advisor / Global Fintech influencer and Co-Founder & author at Daily Fintech
Digital Marketing Professional, Founder and MD of iProspect in Lithuania
Marc P. Bernegger
Investor Relations Advisor
The DESICO core team becomes a member of the ICO regulatory development team created by the Ministry of Finance of the Republic of Lithuania
The formation of the DESICO developer team, plus business model planning. Endorsements received from Lithuania's Ministry of Finance and Ministry of the Economy.
Preparation for DESICO STO and marketing of the project. Publicity in major international media outlets including Forbes and Entrepreneur.
DESICO acquires its financial brokerage licence. The announcement of the DESICO STO.
DESICO lists its first clients on the primary market. Team growing and preparing for scaling.
A secondary market for the trading of securities is launched. Further development of the DESICO platform.
Partnerships formed with securities exchanges in order to ensure the liquidity of security tokens.
The full version of the DESICO STO platform is launched and ready for global scaling.