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Ratings Ethorse

Working dApp with users betting on crypto

Ethorse is an Ethereum Smart Contract based working DApp with users betting on the coins/tokens to win from everyone who bets on other coins/tokens. Winners are decided based on the highest price increase % in a specific time period. Bets are placed and rewards are claimed in the dApp using Metamask plugin or Mist. Being completely secured by the blockchain, no one has control over the race or user funds once a contract is deployed and a race is announced.

3.8
14 13 expert ratings
Benchy 2.6
KYC
Experts
3.5
4.6
4.5
Review: coming soon PRO
~$4,800,000
value of tokens sold in ICO
Ended
Token
HORSE
Type
Price in ICO
0.0409 USD
Country
Restricted areas
USA, China
ICO start
10th Jan 2018
ICO end
17th Jan 2018
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
Igor Karavaev
Blockchain Enthusiast
Rated on Apr 28, 2018
2
5
4
6%
This rating's weight is reduced by 50% as there is no review added.
Hung Chih (Jason Hung)
Fundraising, China scaling, Project promotion, Government and Investor relation
Rated on Jan 24, 2018
5
5
5
12%

Interesting project, pretty mature product services. I'm interested in know some of the core team member.

Agree
-1
-1Disagree
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Nathan Christian
Blockchain Technology Consultant | DeFi | NFT | ICO - IDO - IEO
Rated on Dec 29, 2017
4
5
5
12%

Great vision! Good luck guys!

+4Agree
+4
Disagree
Report
Fager EthorseICO team member replied on 31 Dec 2017
Hi Nathan - Thanks for the review and the feedback.
Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Jan 4, 2018
4
4
4
5%
This rating's weight is reduced by 50% as there is no review added.
Fager EthorseICO team member replied on 4 Jan 2018
Thanks for your review and rating. Please feel free to let us know if you have any feedback for our dApp or the crowdsale. Thank you.
Maksym Vysochanskiy
Founder of ICOExpert | Appsmoment | Blockchain Advisor
Rated on Jan 12, 2018
4
4
4
4%
This rating's weight is reduced by 50% as there is no review added.
Vladimir Manzyuk
Blockchain/System Analyst
Rated on Jan 8, 2018
1
4
5
8%

Team:
-I can’t estimate no one)
I read this article https://medium.com/@ethorse/ethorse-team-transparency-d9e944c1b4d2,
but in my opinion, there is no publicly presented team - there are no ratings.

Vision
- Nice idea
- I really don’t like dividend’s model, that’s a priori SEC regulated
- Huge risks for investors.

Product
- Working beta

+1Agree
+1
Disagree
Report
Fager EthorseICO team member replied on 9 Jan 2018
We believe we have addressed the concern about the team with that article. If you still have questions, you can follow our daily updates on Github to see how actively the development team is working on the platform: https://github.com/ethorse

You can also ask questions to be directly answered by the team quickly on Telegram or on our Reddit. We are very open to take any feedback/discussion to improve the platform.

About Dividends/SEC - We do not allow US citizens to participate. There are several other dividend issuing tokens working successfully in the industry. Eg: TaaS, Etheroll, etc.
Simon Choi
Fintech & ICO Lawyer
Rated on Dec 30, 2017
5
5
5
4%
This rating's weight is reduced by 50% as there is no review added.
Fager EthorseICO team member replied on 31 Dec 2017
Thanks for the review, Simon. Appreciate it.
Yuichiro Okazoe
Yuichiro Okazoe
Rated on Jul 31, 2018
2
5
3
7%

【Team】
It is a pity that I do not know the name and face.
In order to gain credibility, I think that a face picture of a team member is necessary.
I think that each career is also necessary.

【Vision】
This idea is very interesting. I want you to realize by all means.

【Product】
User interface is simple. For example, if you use the horse's 3D model for the situation of the competition period, express superiority or inferiority, you can enjoy it as more entertainment.

+8Agree
+8
Disagree
Report
Simon Waddington
Software engineer and advisor
Rated on Jan 11, 2018
4
4
5
7%

We don't actually know anything about the team other than by observing what they have done. That is because they have chosen to remain anonymous since obviously this app could have legal and personal safety consequences for them if they publicly "own it".

So based on that I'm giving 4 since I'd say what they have built is definitely above average and the devs are doing all the right things with website, whitepaper, source on Github, active communities and already having an app up and running on the ETH testnet.

Vision I'll give 4 since although it's a relatively simple idea I think they are being very gutsy tackling this contentious area that will surely ruffle feathers all round the world. Gambling empires across the world should be taking note - this will certainly not be the last race horse in town to challenge their greedy empires. I think this app may also provide an interesting channel for prediction markets to get info. I'm sure there will be insiders who cannot resist making a bet on Ethorse to profit from their knowledge. Market analysts take note!

Product I think is definitely way above average - pretty much as good as you can get without having a launched product. As I have mentioned on code, test app, community they are rating highly.

My only concern on product is if the use of Oracalize for determining price is a weakness. Can a single source of price be gamed in some way? Maybe a DNS hack of their source API causes a huge payout thus placing a huge bounty on anyone who can do such a hack. Compare to Wagerr who will have up to 2000 validators independently publishing sporting event results and then forming consensus.

Should you invest? Well the economics of this coin for investors beyond the 100% bonus in round 1 are that you'll get a proportional share of the 5% house take on each bet. There will be 100M tokens in the public sale, 125M total. If you put in 1ETH and get 20000 tokens in the round 1 public sale that means you have a 0.016 percent stake of the take.

If you assume there are $1M worth of bets per day then that's $50k take for the house leaving you with $8 per day. Over a year of such volume your 1 ETH investment will net you earnings of $2920. At ETH/USD=1000 today that's a nice return even ignoring the appreciation of your Ethorse tokens that might occur. With predictable earnings like that everyone will want to buy in driving the price of the HORSE token up considerably. As volumes on Ethorse increase so will the price (compare to bond market prices relating to the interest they earn).

Can Ethorse get $1M of bets per day? Well, for comparison just look at Coinmarketcap data and you'll see there are 450 coins/tokens each with over $1M volume today. Over the last 24 hours the combined market volume was worth $46 billion. as we know the cryptocurrency markets are highly speculative - many people are essentially betting on them. It seems reasonable that people will be making similar "bets" as literally bets on Ethorse. They even use it as a hedging mechanism.

So even if we imagined only 1/1000th of that total $46B daily volume moving to betting on Ethorse that is actually more like tens of millions per day not just a million. Can you imagine the price of a HORSE if there was even $10M per day?

At the ICO Public sale 1 price they are selling for about $0.05 each. (1ETH=$1000 and 20,000 HORSE). As I calculated above 1ETH worth would net you $2920 per year per $1M of daily betting volume. So at $10M daily volume we are talking $29,200 per year. I would say that easily means 1 HORSE is worth 29200/20000 or $1.46. More realistically I think people seeing it as a predictable income would actually price it at multiples of that since at that price you're getting at 100% return after one year. People would KILL for such a guaranteed return elsewhere.

Even at $1M daily volume you're still talking a price of $0.146 or multiples thereof - so I reckon this will quickly give a 10x to 100x return for early investors. At $100K daily volume that is still $0.0146 earnings per HORSE per year or 29% of the initial price.

I wonder if the creators have ever wondered about using Ethorse to bet on the price of HORSE itself? That is pretty meta but I guess might have a destabilizing effect on HORSE pricing. Only time will tell I guess.

As ever, only invest as much as you can afford to lose!

PS. This ICO stage 1 sold 90% of the hardcap in the whitelist stage and the remainder sold out in seconds in the public stage.

+1Agree
+1
Disagree
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Joan Vallès
Wealth Manager and Advisor, Angel Investor
Rated on Jan 10, 2018
1
4
3
3%
This rating's weight is reduced by 50% as there is no review added.
Fager EthorseICO team member replied on 11 Jan 2018
Hello Joan - Thanks for taking the time to review. Here is an article where we addressed the concerns about the team: https://medium.com/@ethorse/ethorse-team-transparency-d9e944c1b4d2

We shared with other experts, and you can see their response: http://icobench.com/ico/ethorse/ratings#ratings

A face on the website doesn't guarantee anything, as anyone can buy it these days. Hope you see the potential in our working product, just as our users. Here is where we are making it happen every day, openly: https://github.com/ethorse
Sebastian Spiteri

Rated on Jan 3, 2018
5
5
5
4%

So far all looks promising! Interesting project. Will definitely keep up to date with its progress.

+2Agree
+2
Disagree
Report
Fager EthorseICO team member replied on 4 Jan 2018
Hi Sebastian - Thanks for reviewing our project. Appreciate your feedback.
Ryan Seay
Digital Forensics, Blockchain and Cryptography Enthusiast
Rated on Jan 5, 2018
4
5
4
2%

This looks like it could be a sleeper ICO. Between the whitepaper, FAQ, and Telegram, the team has offered as much information as possible as you can as an anonymous team.

While I was hesitant of the anonymity at first, the reasons they've given in their transparency disclosure are valid and the Ropsten DApp and Github activity speak for themselves.

Most importantly, it's an ICO where blockchain actually serves a purpose. Between the trustless smart contracts and operation within an over-regulated industry, Ethorse has a place in the blockchain and cryptography realm.

I think some minor UX enhancements will go a long way for users. For investors, if the team meets expectations, owning HORSE will be an extremely fruitful endeavor.

+3Agree
+3
Disagree
Report
Fager EthorseICO team member replied on 5 Jan 2018
Hi Ryan - Thanks taking the time to review the project. Appreciate your feedback and support.
Abhishek Tiwari
Co-Founder Transcodium
Rated on Jan 3, 2018
3
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Fager EthorseICO team member replied on 3 Jan 2018
Hi Abhishek - Thanks for rating our project. Appreciate your time. We notice that the Team rating is relatively lower in comparison. I would like to see if there is any way we can provide clarity so you can reconsider that.
Here is an update we published on the team transparency: https://medium.com/@ethorse/ethorse-team-transparency-d9e944c1b4d2

Here is the community response to the same: https://www.reddit.com/r/Ethorse/comments/7mv8ha/an_update_on_ethorse_team_transparency/

Thanks again!
Benchy
ICO analyzer bot
2.6
26%

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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