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Ratings InnovaMinex

1 Blockchain of Precious Metals Mines

InnovaMinex is an innovative business model that uses blockchain technology to guarantee the traceability of precious metals. By applying a set of procedures, it is possible to certify the whole process, from its origin in the mines, to the refinery and the commercialization to the end consumer. This commercialization is done through our e-commerce, partner stores and our own ATMs. InnovaMinex will give buyers the opportunity to verify the origin of the metal that they acquire. Buyers will be able to obtain assurances that the extraction of metal is legal, that the environment has been protected, and that transactions can not be used for money laundering. All are registered and the whole community has access to them. Our ultimate goal is to get the best possible price for our clients and for our community, with emphasis being placed on the transparency and safety of all transactions conducted.

3.8
5 expert ratings
4.6
3.2
4.0
2.8
View rating distribution
43 days 12 hours left
2018-11-26 - 2019-01-26
Token
INХ
Price
1 INХ = 0.5 USD
Bonus
Available
Bounty
MVP/Prototype
Platform
Own
Accepting
BTC, BCH, ETH, LTC, DASH, ETC, USDT, XRP
Minimum investment
1 INX
Soft cap
10000000 USD
Hard cap
52500000 USD
Country
Whitelist/KYC
KYC & Whitelist
More on ICO
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Ratings

Clemen Chiang
Ph.D. | CEO | Investor | FinTech in Stocks | Blockchain in Cryptos | Singapore
Rated on Nov 1, 2018
3
3
3
15%

Soft cap 10,000,000 USD
Hard cap 52,500,000 USD

This team is too lean to deliver a US$10 million soft cap. Where are the advisors?

I'm willing to revise this rating if the team responds.

All the best!

+2Agree
-2
-4Disagree
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InnovaMinexICO team member replied on 1 Nov 2018
Good afternoon, Mr. Chiang

Thank you for your review!
We would like to draw your attention to two things:
InnovaMinex - is an operating company that currently has working mines (you can find detailed information https://innovaminex.com/minex/). We can hardly be called "too lean" - we do not just designate the figure that we like and call it Soft Cap - we set ourselves a goal, focusing on our experience and knowledge in this area.

We are still developing our community and advisors team. We will add our new advisors as soon as they will join the project (we are currently negotiating with several advisors). But we don’t want to just pay money to people who have some weight in the crypto community in order to simply place their photo on the website - we will add to our team only those people that bring the value, stream, synergy and purpose to our project. It seems to us that this is the right approach, which will allow our project to become successful and we do not plan to change it.


Best Regards,
INNOVAMINEX TEAM
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Dec 4, 2018
3
4
3
14%

Team is Strong and Very Experienced but I find lack of Developers on the team other wise everything is good. I found the vision is very Interesting working on Precious Metal industry is very big No doubt About it but I don't Find any Kind of MVP. I found a Website where you can buy or sell Gold bars and others looking forward to see team Progress in Future.

Agree
-1
-1Disagree
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James Sowers
Ico adviser
Rated on Nov 11, 2018
4
5
3
14%

commercialization is done through our e-commerce, partner stores and our own ATMs. InnovaMinex will give buyers the opportunity to verify the origin of the metal that they acquire. Buyers will be able to obtain assurances that the extraction of metal is legal, that the environment has been protected, and that transactions can not be used for money laundering. All are registered and the whole community has access to them.
This is good process who are the partners ?

+1Agree
+1
Disagree
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InnovaMinexICO team member replied on 19 Nov 2018
Hello James,

Thank you very much for taking your time and reviewing. We would like to point out you attention on 3 main things:

1. Our team has a great experience:
a) In the gold mining sector (the "minex" part).
b) In the cryptoeconomics field (the "innova" part).

All the members of the team are professionals capable of getting the project to achieve the best results.

2. We offer a product that is:

a) Lucrative: It is gold and other precious metals. Always profitable.

b) Socially attractive:
- Always in fashion, it never goes out of style.
- It is interesting for ALL pockets (by buying with INX, gold is purchased at a more affordable price for all profiles).

c) Socially ecological: we care about maintaining and improving the quality of the environment of the place where it is generated. We support crop initiatives proposed by the communities where the deposits are located.

d) Socially responsible: we watch over the rights of the people who exploit the mines, take care of their professional growth and of the good development of their families.

It is a product with which we intend to help many people (clients and workers) to get into the welfare society.

Learn more here - https://www.youtube.com/watch?v=nvnjWLgbgqI

3) All main partners that we have you can find on our website - https://innovaminex.com/
Andrei Popescu
Co-Founder of COSS.IO & SCX Holdings and Seasoned Blockchain/FinTech Start-Ups Investor/Advisor
Rated on Nov 18, 2018
3
4
2
11%

I like the idea and it makes sense as it's a perfect use case for taking full advantage of blockchain technology.
I am not convinced of the business model nor about the team experience to execute this project as there are too many moving parts: E-Commerce Platform, ATMs, Supply Chain Management, etc.
Each of the above can be a separate project by design; The vision to link up all these services and provide a full service marketplace is outstanding.
Best of luck!

+1Agree
0
-1Disagree
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Anthony Manfre
Founder TOTS | Strategist | Consultant | ICO | STO
Rated on Oct 31, 2018
3
4
3
11%

The vision has a positive narrative as gold and precious metals hold significant global value. The white paper is detailed but doesn’t address how big the problem of accessibility and traceability actually is and how Innovaminex will manage the relevant risks involved in solving and penetrating the global market opportunity.

Project is also light on the advisors and community.

Hardcap > $50m- too high especially when no MVP is available as yet.

Agree
-2
-2Disagree
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InnovaMinexICO team member replied on 1 Nov 2018
Hello Anthony,

Thank you very much for your review. You might not notice some important points about our project that you stated in your review. We would like to clarify them:
• Our global task is to use the blockchain technology to make the process of mining gold and precious metals as transparent as possible. We also would like to show our customers that our metal is completely eco-friendly and ethical.
• Already at this stage, we have the opportunity to work in a partnership with local communities, paying them fair wages. We can show the proof of it in any ways by the request (making a real trip to our mines or through real time video streaming). We have nothing to hide.
• In the tokenomics of our project, the mechanism of operation of our token is described in details. Please read: https://innovaminex.com/docs/tokenomics-en.pdf
• Our project has MVP - we are an operating company, which currently has working mines (here you can find detailed information https://innovaminex.com/minex/)

• In terms of advisors. We are working on it now and soon you will see some awesome people joining us. We are very selective with choosing advisors. We are not like other ICOs. We do not buy advisors faces just to stay on the website. We will add only those that bring the value, stream, synergy and purpose to our project.

• We develop our community without using AirDrop, because we do not want to devalue our coin by handing it out to those who just add not relevant comments. We already have a strong community of people interested and supporting us in the development of the project not only online but also offline.

Best Regards,
INNOVAMINEX TEAM
Benchy
ICO analyzer bot
4.6
34%

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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ICO KYC Report
2 members invited
Fernando García Sanz
Passed
Rafael Enríquez
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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