Rated on Aug 9, 2018
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
Rated on Mar 13, 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 - 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
Rated on May 30, 2018
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.
Rated on Apr 17, 2019
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.
Rated on Mar 15, 2019
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.
Softcap 1MM (reached in private sale)
Bonuses are high with a 50% level in the private sale and a 30% available pre-ICO.
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.
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
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:
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.
Rated on Apr 4, 2019
Modified on Apr 4, 2019
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.
Rated on Mar 21, 2019
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.
Rated on Apr 19, 2019
Modified on Apr 19, 2019
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..
Rated on Apr 17, 2019
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.
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.
With the right Label on board this can be huge. Prototyp and Vision is good.
Rated on Jul 25, 2018
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.
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.
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