Rated on Jan 31, 2019
Modified on Mar 6, 2019
The product seems to be none existent, the video titled "LAC Air prototype roaster at work" is just a video of coffee beans being tossed in the air. I don't see any actual device, so I would assume there is no working prototype.
EDIT: If you are able to provide me with more information and convince me otherwise, I would be open to change my ratings.
Update: I have been contacted by a team member and they informed me that they have uploaded another video. I have taken a look at the video and we are now at least able to see a prototype. I have adjusted my rating slightly and scored them a little higher for this.
I agreed to have a Skype call with the CEO and one of the co-founders. They are no doubt highly motivated and passionate about having a bean to table coffee production model. I like their enthusiasm and can see that they are really serious on trying to make this work. I have updated my ratings once again to reflect this.
Rated on May 28, 2019
I don't think so there is a need of blockchain in roasting coffee beans what kind of idea is this am not sure. And still you have softcap of 2,062,500 EUR Nothing seems right and over-priced token as well.
Rated on Feb 5, 2019
Modified on Mar 23, 2019
Nice their idea, but I continue to wonder why you want to use the blockchain? If you want to use the blockchain only to raise the necessary funds, then you have understood very little about what the Blockchain really means and the additional value it can bring to the world. If the ideas are clear and the team is ambitious and hard-working, the project can easily be developed outside the Blockchain.
The team does not even present a CEO figure in its staff, while most of the members are new on linkedin and are lacking in experience. Several programmers are exposed among the members of the team but none of them turns out to be a Blockchain developer or at least have the least experience in Blockchain development, which makes them forget that the Ethereum Blockchain may be too expensive for this type of platform .
The MVP turns out to be just a simple video of coffee beans that run inside a machine, while the social and communication channels are almost non-existent, as well as the lack of content on the youtube channel.
The website and the Whitepaper are very amateur, written and published to "what comes", while the tokenomics and the roadmap are very very poor. There is no clear business model and the distribution of the token is almost disastrous, without a "reserve fund" and with 70% of tokens for sale. There are no dates for the various phases of the project, everything seems a bit in the dark. Apart from a small initial repository on Github, there is no other activity.
Unfortunately, this market has become a difficult and people want to see facts first, to start thinking about evaluating a possible investment, want to see and evaluate a product, or at least an MVP very well done, a website and a whitepaper are no longer enough.
I will be happy to evaluate in the near future if there are any improvements, in this way I can re-evaluate my review.
I have to say that the team is taking into account the criticisms and maybe some advice that has been given to them, since the last time I analyzed the project there are news and improvements. They decided to build their own Blockchain, using an hybrid algorithm POS and POW, but the whole thing is still generic as the work will start further.
I talked to one of the team members and the enthusiasm is not lacking, as well as the predisposition to work and the ambition to make the project a successful one, but everything still have to be put into practice. I will wait to see a testnet, a well-functioning MVP and the evolution of the project to give a final judgment, but until then the team deserves an increase in the score.
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