NIRX (NairaX) is the first viable product from NIRX BLOCK PAYMENT SYSTEMS incorporated under RC2903759 in Nigeria. "NIRX" is a stable utility coin developed to power NIRX's currently developing crypto-payment processor which will be initially integrated across major eCommerce platforms in Nigeria, Africa and then the entire Globe; as a move towards general adoption of "NIRX" in the general eCommerce marketplace.
NIRX (NairaX) was developed as the first viable product from NIRX BLOCK PAYMENT SYSTEMS which is incorporated and registered in Nigeria [RC2903759]. "NIRX" is a stable utility coin which will power NairaX's currently developing crypto-payment processor with additional plans to be integrated across major eCommerce platforms in Nigeria, Africa and then the entire Globe; as a move towards the general adoption of "NIRX" in eCommerce marketplaces.
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Program Manager and ICO Advisor Rated on Jul 19, 2019 Modified on Mar 21, 2020
4
4
4
19%
Dear ICOBench community,
Please note that before reviewing this project & ICO/IEO, I conducted my own DD : team background, competitors, project history, various analysis and KPIs, growth potential and a lot more factors.
Here are the results of this analysis :
- Team : All the team members are associated to the project on LinkedIn and they all look professional and qualified to turn this idea into a solid project. They might need more devs in the future but for now it seems good enough.
This is definitely worth a 4/5 for the team.
- Vision : Stable coins are the core of blockchain. The main blockchain issue at the moment being volatility and liquidity. There are a lot of stable coins on the market but it is good to have a country target. If NIRX can pierce in Nigeria then it can get known by top exchanges and get listed there. The key here is to backup the project with enough fiat money to stay stable for several years at least.
For these reasons, I give a 4/5 for the vision.
- Product : The softcap is a bit high but liquidity is mandatory for such a project. The whitepaper is well written and the roadmap realistic. Now it's the team's work to gather a larger audience and bring investors from Nigeria and from all over the world
Therefore, I give a 4/5 for the product.
I invite investors to conduct their own DD before investing time / money on any project.
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