Ratings Emjac

I have 5 years direct experience in tyre industry so I must say there are many kinds of recycling technologies. And many of them can be successfully adopted in the evolving tyre ecosystem. Not sure ethereum blockchain is needed here (apart from RFID etc). The key issue is industry support and I see some logos - not impressive though - but I don’t see the real links to prove the promised partnerships and describing it. What I see is really outdated tokenomics and no skills to fundraise via ICO. Where is the MVP? Youtube video is not MVP

We trust ICObench's rating of "Suspicious Project" as displayed in the header.

Please avoid this project until this flag is removed by ICObench.

Willing to revise rating if this flag is removed.

All the best!

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Mohd Azrizal Mydin Pitchay
ICO team member replied on 30 Nov 2019
Dear Mr Chiang,

Thank you for your concern with regards to alerting community to be careful on Suspicious Project. Yes initially we were having some internal issues that eventually has been solved and thanks to our local authorities handling the issue promptly. It took us quite some time and tremendous effort and time spent in getting back our reputation and now thank God we are back on track.

Appreciate for your kind revision on our rating since the alert has been taken down and necessary KYC and due diligence has been conducted to prove EMJAC is legit and and our team combines a passion for green energy industry as well as carrying noble intention towards earth conservation. EMJAC has created a solution that integrates both blockchain and green technology to manage and recycle the waste tyres efficiently and provides a global marketing platform for renewable energy products.

Feel free to browse through https://emjac.io and lets join us to save our planet for our young and future generation. Thank you

Regards

Ryzzal
CEO, EMJAC

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I'm heartened to see that the CEO is making a positive outreach to restore the company's reputation.

Given sufficient runway, I'm sure this project will improve its product for mass adoption.

All the best!

Their team has passed the KYC, they have working MVP available and overall good project signs. I am looking forward to see the world's 1st Green Renewable Energy Project on the market, this could really bring a positive impact in our world

Unfortunately we are producing too huge amount of tyres for being utilized for sure for saving our nature and live in healthy and clear eco world. I’m proud of peoples and companies who really cares about our environment we living in and actually has clear vision how to solve industrial wasting problems all over the world. I support EMJAC project’s solution and looking for living in green technological world.

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

Advantage - Proven technology (already existing in use globally) and good use case of blockchain. Great partnership lists and also a legal firm to deal with legal cases (Do check the legals before investing though).

Disadvantage - Tokenomics isn’t clear including but not limited to Token lock-in periods, usage, breakdown. But one glaring issue is the lack of compelling information for investors i.e token valuation increase by network effect, buyback, dividend, etc… Team members do not have enough information and links don't work.

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

This project comes from a very good idea.
It is an excellent platform for both business and ecology. It is often said that businesses that are born from ideas that are unthinkable to selfish people are successful.
Especially in these days when crypto fraud cases are increasing, projects like them will be very useful.

KYC ✔️
Team ✔️
Advisors ✔️
WP ✔️


Team look experienced, KYC is passed and the team has experienced advisors onboard. Good idea behind the IEO. Exmarkets a good platform was chosen by the team.

A very interesting project that caught my eye as it aims to use blockchain technology to benefit the environment, something that is both unique and innovative. The team has passed KYC which is very important, and they have a platform which brings together two very different ecosystems, blockchain and ecology. The team is very experienced, and they have a working MVP. Their whitepaper is clearly written and provides all the guidance needed in a simple manner.

Green and clean energy is the need of the hour to save the planet.

the only problem is that we saw some similar projects earlier and many of them failed.

i'll be more than happy to review it again once i will know the legitimacy of the team and its full idea.

Very good and strong team, they are very easily accessible and answer your questions quickly.
The project vision is excellent, recycling is an area that affects us all, and I can only encourage projects that go in this direction.
I'm waiting to see more at the MVP level to give him the last missing point.

I am aware of the benefits such a project will bring in the real world and the fact that they have a working MVP is very important for me. Their core team seems to be well prepared for this venture and they have also passed their verification which is proof of their dedication for this project. Good luck!

Now this is an interesting project that caught my attention. At a first glance, it looks perfect: renewable energy project, an industry that is helping our planet, their vision is on-point, they are distributing 70% of their tokens, they are moving in accordance to their roadmap and they have mvp. Not to mention they passed KYC.

Emjac is working on blockchain for good cause.
Waste management is a serious concern addressed by Emjac team every step to make environment better will have good public support.

Overall project is having real use case with good mixture of technology also basic things like team is good , kyc is cleared and well drafted white paper makes it overall full house.

I love the idea carried by this project!

Anyway I have some doubts:
I feel the team do not neither have a strong tech team for what concerns the chemical process. I expected to see materials and chemical engineers.
I feel that the IT Development side is weak.

The material balance that I saw in the WP, says that 1000kg of tyres fully transform into different potential fuels: it's a mistake. The first thing I was taught at the Material Balance Fundamentals at the first degree in chemical engineering was that some wastes cannot be avoided.
Vulcanization process of tyres will prevent the 100% yield.

Anyway: I really like the project. With some improvements they can launch a big revolution.

One small question: why the blockchain is absolutely required for this project and another token should be issued?

Emjac has successfully demonstrated innovation with use of blockchain for a grave problem. It is indeed impressive to see business model built around a niche market and solving real problem. Whitepaper is comprehensive and details all relevant information. Though in my opinion hardcap is on higher side. it would be pertinent to see execution of this ambitious project. Looking forward to MVP. All the Best!

Emjac is developing an innovative solution to a prolonged problem. The world is at a pivotal state that requires an adjustment in the maintenance of the planet.

Through the green energy initiatives offered by Emjac, conservation efforts will benefit more than just the environment. Their use of blockchain will uphold accountability, preventing unsustainable practices, and an efficient Thermal Recovery Unit (TRU) enables unused tires to be transformed into useful green products without emitting by-products or emissions into the environment.

Tires were once thought to be a non-recyclable product that will continuously offset the balance of nature but with Emjac, eco friendly practices can become future-proof.

This is a project I will continue to watch grow and am hopeful for their sustainable success!