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Ratings Letsfair

The Marketplace of Shared Economy Apps

The Letsfair team has conceived a new concept to obtain investments, called NoICO. In summary, it is a way to make sure the value of the tokens is aligned with the company’s real value.

2.5
5 4 expert ratings
Benchy 3.3
KYC
Experts
1.2
1.2
1.2
Review: coming soon PRO
460 days 16 hours left
2018-01-24 - 2023-01-24
Token
LTF
Type
Price
1 LTF = 0.01 USD
MVP/Prototype
Platform
Accepting
BTC, ETH
Minimum investment
0.001 ETH
Whitelist/KYC
None
Restricted areas
None
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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
Kyon Yoshihara
Direct Marketing Manager,ICO produce
Rated on Nov 9, 2018
Modified on Nov 9, 2018
1
1
1
20%

Information for evaluating this project is overwhelmingly small.
You should finish KYC quickly and enrich the information.
If the information is updated, I will do the proper evaluation.

+9Agree
+9
Disagree
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Cynthia Turcotte
CEO and Co-Founder of BitcoinerX.com
Rated on Aug 18, 2018
2
2
2
7%

I have to be honest. This one left me scratching my head. Is it a freelance marketplace? Is it an application development platform? Is it an app store? Is it all of the above? I see elements of all three on the website and in the whitepaper. I appreciate the detail that the team went into with the whitepaper, but including several examples of use cases on their platform would have been so much more helpful in understanding the project.

If I might make one suggestion to the team - perhaps publish a one-pager or have two whitepapers (one for the technical aspect and one for the business / use case aspect). It would make it easier for potential investors (especially those with little technical knowledge regarding blockchain) to understand what you are trying to accomplish with Letsfair.

The team seems to have a significant amount of general technical and software development experience, but I am curious to know how much of that is blockchain related. The size of the team does concern me. I understand not wanting to waste resources, but I can't help but think that having a team of just four people for a project like this is stretching things a little too thin. Of bigger concern is the lack of KYC. If that process had been completed, my rating in that area would have been higher.

The 'NoICO' model that they are touting sounds gimmicky. Unless there is something I am missing, the only difference between it and a traditional ICO is that the NoICO model would present the token sale in rounds over a period of time (5 years, according to the blog post and smart contract). There have been other ICOs that have had multi-round token sales - and I'm not talking about just pre-sale and main sale - so what makes this different?

Agree
0
Disagree
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Bobby Tomkins
Co-Founder at Block Estates, STO Consultant
Rated on Jun 26, 2018
Modified on Jun 26, 2018
1
1
1
7%

Small team, which is also and on odd product, that I can't buy into. Don't see much use for this on blockchain. It doesn't offer a real strategy or isn't to clear on where they want to be.

Agree
0
Disagree
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Timothy Mayeur

Rated on Jul 22, 2018
1
1
1
5%

Weak team, no KYC. Relatively low raise from what I see, which isn't bad but I don't see the need for this being a blockchain product. Roadmap seems odd with the Letsfair.com development 2019-2023. Seems very slow when it went form idea in 2014 then took Q2 2017 for them to create a whitepaper.

Agree
0
Disagree
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Benchy
ICO analyzer bot
3.3
61%

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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