There are many challenges originating from both cryptocurrencies and traditional banking system. These challenges prevent wider adoption of cryptocurrencies and whole world to benefit from cryptocurrencies. These challenges would only be overcome if the perception of people changed, which is almost impossible as a solution. The other option would be to implement a solution which would become a real connector between these two functional systems, offering benefits that will make processes related to each ecosystem easier, cheaper and more beneficial to participants.
HubrisOne, is a mobile application designed to completely revolutionise the dynamics between the cryptocurrency and the banking sector. At present there is little to no trust between traditional banking and cryptocurrency users. We plan to fuse traditional banking with cryptocurrency, and deliver the related services to the masses through an open, honest and fully trustworthy infrastructure, which is easy to use and easy to understand by new entrants into the cryptocurrency market and veterans alike.
The HubrisOne team is introducing a functional utility token known as the Hubris Token (HBRS), which will be used within the HubrisOne app and infrastructure, as a store of value, a way to transfer funds, receive platform access, discounts and used as a form of payment in conjunction with the HubrisOne debit cards.
There is a vast market opportunity which is not dominated by any new solution. We are offering easy and affordable banking solutions to the 2 billion unbanked people around the world.
There is a robust business model established depends on several revenue streams such as, membership fees, crypto-backed lending services, and open partner marketplace.
Missing whitepaper? Let us know.
Rated on Feb 16, 2019
Modified on Feb 23, 2019
1. Soft cap 100,000 USD
Hard cap 6,000,000 USD
→ US$100,000 is enough to get started? What's the runway?
2. Milestones → Is the MVP ready? If not, the Q3-4 seems unrealistic?
3. Team → Is too lean to develop the full scale product?
Willing to revise rating if team responds.
All the best!
Utku kerem Gulcek
ICO team member replied on 20 Feb 2019
Thank you for sharing your thoughts and considerations!
Let me respond to them.
As for your first point regarding soft cap, our business model or start-up is not based on our token sale or its price. We are running an equity seed round at the moment at Seedrs which will start-up the business. On the other hand, soft cap of our token sale completely covers a year long development, maintenance and marketing costs.
We have our MVP alpha version out on Google Play store and App Store. We have already over 15k users who downloaded the app and signed up for the waiting list. Our product is rather a business which gathers proven technologies together to offer more efficient versions of the selected traditional banking and cryptocurrency services to the users. Most of the development will be in the shape of integration rather than blockchain development. Therefore, we believe the given targets are realistic.
Our background as a team is more on business side rather than technology. We believe most vital part of a cryptocurrency related business is to have a robust business model which is bear market resistant and independent of the token price. In addition, team needs to have a business management perspective in order to sustain the business. We have all seen many projects raising tens of millions of dollars a year ago and now bankrupt. You know there are many options in terms of talents and team when it comes to development. We already have several contractor developers we are in talks. We are preparing to start development on a fully scale after fund-raising finishes.
I hope these help. If there are further concerns, we would be happily respond.
Thank you for your detailed response.
1. Your photo - Why is it not displayed on ICObench? Why you don't have a LinkedIn account?
2. Mobile devices - both are available on App Store and Google Play which is a good progress.
Please update us on your progress of raising Seed round.
All the best!
Rated on Feb 26, 2019
This is a really ambitious project. Creating a reliable bridge between fiat and crypto is something many more experienced platforms are working on. Unfortunately, looking at the current team, I think it's way to lean to achieve this. The CCO's profile no longer exists on Linkedin and between the 4 man team their combined banking experience is about 5 years. With all due respect, I just don't see the team having the right skill set or experience to deliver.
Thanks for the review.
You might find Osa's profile from the following link:
Rated on Apr 20, 2019
MVP ✔ Need improvements
Price per token 0.01 USD isn't it overpriced. And ico isn't yet completed and they are listed on dcoin.com with price there 0.00058 usd/HBRS can someone tell me this logic.
And there is a huge gap between softcap and hardcap any clarification on that.
Thanks for the review.
We have completed the token sale by March 31st. Just missed to update the site.
We have raised funds through and equity sale where we have collected more than enough to start the business itself. Hubrisone V0.2 will be released in June.
Rated on Feb 22, 2019
Good Advisors, the project perfectly match the blockchain technology.
Good community on social networks although not very committed.
I look forward for more news!
Great news are coming in the following weeks.
Rated on Apr 3, 2019
Modified on Apr 3, 2019
Team have existence as they passed KYC, however small team that needs to be expended with some more expert in it.
Checked mobile app as prototype and it its functioning well as MVP of the project. https://play.google.com/store/apps/details?id=com.nettechnocrats.hubrisone.hubrisone
I see from telegram pinned message that HBRS is listed on few exchanges and its dumped already. https://trade.chaincreator.exchange/#/trade/hbrs-eth
I'll track the project and can change my review based on progress and performance in future.
Rated on Feb 2, 2019
Reading the first few lines of the vision and the target of the project, it can arouse some interest, but it takes only a few seconds to completely switch off the minimum interest initially aroused.
Already the market in which they are trying to land is a very difficult and overwhelming one by now very well-established and powerful competitors, if then we also put the fact that analyzing the project, it does not meet even the minimum parameters that a project with such aspirations should respect, then the minimum interest initially aroused turns almost into anger.
In 2019 they are running an ICO, with a team that has nothing to do with the Blockchain (only financial), but after contacting a couple of them it turns out that they do not even work for the project.
The site and the whitepaper are embarrassing, less than amateur and also with many grammatical or typographical errors. Social almost non-existent, as well as communication channels, while github does not even exist.
There is no trace of tokenomics or how token distribution will occur and there is an abysmal difference between softcap and hardcap. Softcap - $ 100,000, I personally can not understand how you can develop such a project with a minimum of 100K, while the Hardcap 6 Million (which perhaps should be the Softcap).
My review is not a call not to invest here, but a call to be very very careful and analyze well through extensive research before proceeding.
Our global financial background enables us to analyze the market and the opportunities exist and successfully conducting the feasibility study. There are over 2 billion unbanked people exist globally and our ultimate target is to provide them the benefits of some traditional banking features.
We were busy with preparation to our ongoing equity seed round on Seedrs for the last couple of months. We had a change in team structure along the way but while we are dealing with various other tasks on the background like partnership explorations, merge negotiations, etc, we forgot to update our profile at ICO sites. As you can see for a couple days we have updated the team structure.
We believe everything related to project is available on the media which could be found online. Furthermore, these media explains more than everything required to make a judgement on if the business would be a success or not.
Our distribution is as follows: %55 Token distribution, 20% Team, 11% Reserve, 9% Bounty, 4% Advisors, %1 Legal.
An important point to emphasise on the other hand, here is that our business start-up does not depend on token sale. We call token sale rather token distribution since our tokens will be used by our users on the app and we want them to acquire while they are offered ar fixed price. When bullish sentiment returns all market will go bullish so then the market decide the price. Our business model depends on several fee structures and completely independent of market sentiment and native token price. We are running an equity seed round at the moment where we have already passed the £100,000 mark in two weeks. Soft cap for token distribution, which is $100,000 covers more than enough to complete development and maintain the infrasturcure and all marketing costs a year long.
Briefly, our product is rather a business which gathers proven technologies together to offer more efficient versions of the selected traditional banking and cryptocurrency services to the users. Most of the development will be in the shape of integration rather than blockchain development.
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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Price will increase each month by 0.01 USD.
- Market Research
- Market Fit and Analysis
- Product Creation to align to Market Fit
- Target Market Assessment
- Regulatory Research & Scope
- Search for Compliant Card Partner
- Banking Software Secured
- Development Partner Search
- App UI/UX Design & Build
- App Wireframe Build
- Assembling Team & Advisors Recruitment
- Search for Equity Share Partner (Complete)
- Equity Share Crowdfunding (In Progress)
- Complete Public Token Sale (Stage 2)
- Apple App; Android Development
- Security Audit
- Beta Testing and Bug Improvements ·
- Debit Card Design and Manufacturing
- Android and Apple App Release V1
- Apple Pay and Google Pay Release
- Crypto-Lending Facility Integration