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Ratings imusify

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imusify is an award-winning music platform that is reinventing the global music industry in order to liberate music makers, music fans, and music entrepreneurs. Let imusify help you find your creative voice, build a loyal following, discover great music, and reward your contribution. IMU tokens are used as the engine to support imusify’s multi-layered, decentralized music economy. This will create an immense potential value for the token’s use throughout imusify’s infiltration into the industry. Through our smart reward and compensation system, ϑ IMU is either rewarded for contribution to the platform, or used as a currency for exchanging digital assets and services. By establishing trust and transparency between artists, supporters, fans, and industry service providers; a vibrant ecosystem emerges.

4.1
11 10 expert ratings
Benchy 4.8
KYC
Experts
3.9
4.3
3.4
Review: coming soon PRO
Ended
2019-03-01 - 2019-03-31
6 days 19 hours left
2019-04-01 - 2019-05-31
Token
IMU
Type
PreICO Price
1 IMU = 0.044 USD
Price
1 IMU = 0.05 USD
Bonus
Available
MVP/Prototype
Platform
NEO
Accepting
NEO, BTC , ETH, LTC, XMR, BCH, DASH
Soft cap
1,000,000 USD
Hard cap
25,000,000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, Canada, China, South Korea, Singapore
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
Tinh Tran
ICO Advisor | ICO Communications Expert
Rated on Aug 9, 2018
4
4
3
12%

Team composition is solid and strong with some successes in the past and the idea is good too. However, concept and reality is a big distance without a concrete business plan in place.

The industry is highly competitive with many big or even giant players. Doing this way is like somewhat changing behavior of users so I think the best thing you need to explain in the WP is how to build relationship with new users and how to drive them from old platforms to this so-called decentralized ecosystem.

The MVP is available which is a good thing and a plus for the project. But again, this is for investors and what they need is ROI

+1Agree
-4
-5Disagree
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David WaltersICO team member replied on 25 Feb 2019
Hi Tinh, thanks for taking the time to give your great feedback. We have a very detailed businessplan in place and we are working together with the New York University to develop an exceptional marketing plan. I will be happy to give you these documents if you send me your contact and I'd highly appreciate if you could then update your rating notch ;)

David
Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on Mar 13, 2019
4
5
3
11%

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

Advantage - Clear objectives and goals (lacks specifics on the roadmap). Strong team with people having background in the music (but not from the music industry). In short it’s a hybrid between Kickstarter + Patreon + Youtube.

Disadvantage - The WP is quite long for a normal person/ investor; an investor pitch deck or a short 5-6 pager will do wonders! A strong business model and strategy to attract users is key for success (which I believe is in progress). + Have details about the actual company’s information in WP or on website. Clarifications?

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

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0
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VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on May 30, 2018
3
4
3
8%

looks very similar to CURRENT. This is a competitive space and gaining traction by building a user base, community, getting followers, influencers, and artists to use the platform will be the biggest hurdle once you have at least a beta. Good to see that you have an MVP. Team looks diversified, like the use of NEO blockchain here. I think you will need a larger budget than 20% allocation for sales and marketing per your WP, and there is not really enough info on your marketing strategy and how you plan to build a community of users. ICObench KYC is also incomplete.

+1Agree
0
-1Disagree
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David WaltersICO team member replied on 25 Feb 2019
Thanks Vakeesan for your great feedback. I would just like to add that our allocation for sales and marketing is 38,3%. https://imusify.com/whitepaper.pdf

David
Artur Holzwert
IEO STO and ICO Advisor
Rated on Apr 17, 2019
5
3
4
8%

The concept is good but has been done in a similiar fashion many times over by other ICOs. The team and the advisors seem very competent with strong backgrounds in blockchain. The Whitepaper is too bloated and yet lacks in details when it comes to fund allocation. Roadmap could use a bit more detail. MVP is available.

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0
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Norm Bond
Consultant, Digital Marketing Strategist
Rated on Mar 15, 2019
4
5
4
7%

imusify is a blockchain based music ecosystem which uses the IMU utility token on the NEO platform. The project addresses various deficiencies in the music industry by using blockchain and decentralized solutions in an orderly way.

There is a solid core team with experience in the relevant industry. I counted a 21 person core team and 13 advisors.
LinkedIn profiles for the majority of team members are included in the project.

The project boasts a strong roadmap that has been fast moving and delivering on MVP, Alpha and Beta versions of product available.

The 62-page whitepaper is professional and informative.

Hardcap $25MM
Softcap 1MM (reached in private sale)
Bonuses are high with a 50% level in the private sale and a 30% available pre-ICO.

Vision:
imusify seeks to deliver an open-source space for developing new means of music
distribution, consumption, and engagement.

The team has vision to build a platform in which anyone can join, contribute and be rewarded.

It will serve current participants in the music industry and provide an open source method for developing new ways to interact, grow and meet the needs of the future.

It utilizes traditional crowdfunding, social media networks and music streaming platforms.

The goal is to provide a marketplace for a broad range of services and allow
consumers to participate and earn income if they take on particular roles.

Product
The imusify product is a distributed application. There is a prototype available.
The Token will be used to interact with the platform, use its services and transact with
other users. The NEO ecosystem and platform including smart contracts will be used to power operations.

The imusify web on GitHub
https://github.com/imusify/imusify-web
has 196 commits, 15 branches and 6 contributors.

The social community is strong and sentiment is good.
Twitter - 13.8K followers
Facebook - 14245 likes and 14593 follows
Instagram - 76 posts and 4.6K followers
Telegram - 72486 members

I found the [ANN] thread on Bitcointalk (read 21905 times) at:
https://bitcointalk.org/index.php?topic=4327428

Reddit community with 17.0 subscribers

There is no blog on the website. There are about 10 media logos from the
business and crypto press with links to articles.

There are significant use cases for imusify between artists, fans and other
stakeholders. There is potential for artist crowdfunding, artist royalty payments
and collaboration across networks.

Massive adoption and scalability presents
a serious challenge and barrier for dApps particularly in the music industry.

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0
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Fang Jiaw Lim
Dr
Rated on Apr 4, 2019
Modified on Apr 4, 2019
4
5
3
7%

The vision is solid another example of how the blockchain can be used to cut out the more middle men and connect users directly to producers

The team is decent and big and backed by a solid group of advisors

The white paper doesn't explain clearly enough how they intend to get the big artists onto their platform.

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0
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Ashton Wolfe
Listing Legend | PR | ICO Analyst
Rated on Mar 21, 2019
4
3
5
6%

imusify is relatively similar to a project called beatHey, but instead of rewarding artists that collaborate onto the platform, they use their tokens in another unique way.

The IMU token model isn't only used for contributed efforts, but also as a currency for purchasing their favorite artist's music. imusify creates a vibrant musical ecosystem not limiting to one region, but worldwide allowing a diverse range of artists hop on and demonstrate their true potential. They've got a rather simple vision, but their route to execution is potentially powerful enough to make waves in the industry.

Music needs to not only be heard, but transparent and rewarded to those who work. IMU has a promising grip on what needs to happen and how to improve the currently musical space we live in today.

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0
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serhan balkan
ICO Expert
Rated on Apr 19, 2019
Modified on Apr 19, 2019
4
5
4
5%

Team is working very hard especially have a good marketing plan. In business model and financial part it seems team have external support in advise stage also for execution it can be good to add some other professionals to team. Project is challenging but also product and management of the project seems fine for now at least in last four months as far as I see it is fine. We may see a new popular product in the market with imusify. Also to see some popular musicians and artist in the project or in the product may provide a good effect in the project..

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0
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Thomas M. Pikolin
ICO Advisor, Business Owner, Crypto Analyst
Rated on Apr 17, 2019
4
5
3
4%

Team:
The team is solid with experienced people involved. I counted a 21 person core team and 13 advisors.
LinkedIn profiles are updated and created a long time ago. Good Follower rates on Social Media.

Vision:
The vision is solid another example of how the blockchain can be used to cut out the more middle men and connect users directly to producers.

Product:
With the right Label on board this can be huge. Prototyp and Vision is good.

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0
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Harry Tucker
Business Manager - HiveEx
Rated on Jul 25, 2018
1
4
3
3%

I really love the idea. Having a decentralised model and disrupting the middleman really makes sense for the music industry.

However, this team has no experience in the music industry, and the only way this works is if you get the labels on board and the music. With no proper connections there from either the team or the advisor board, this makes this really hard.

The fact there is somewhat of an MVP is not bad though. But that's not the hard part - the relationship building is. Hard to recommend investing without at least one major label on board.

Agree
-3
-3Disagree
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David WaltersICO team member replied on 25 Feb 2019
Hi Harry, thanks for taking the time to rate our project.

As we are an artist-centric platform and we plan to disrupt the middleman, we decided not to bring the middleman (major label) on board. Wouldn't that contradict the idea of decentralization?

Also, how do you come to the conclusion that the team has no experience in the music industry? Actually, 95% of the team and even advisors have a professional background in music. From Opera Singer, Dombra and Guitar player to lead singers and managers. Please check out https://imusify.com/ and https://imusify.com/whitepaper.pdf. Its all in there.

The MVP won 2nd place out over 40 entries. https://neonewstoday.com/portfolio/imusify/ and until today we remain one of the very few who have an MVP.

I agree that relationship building is key. We are therefore working together with the New York University to develop an exceptional marketing strategy.

I'd appreciate if you update your rating.

David
Benchy
ICO analyzer bot
4.8
29%

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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