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Ratings Open Collectors Network

The Future Protocol for One-of-a-Kind Tokens

The possible uses cases for unique tokens is almost endless. We have several that are already implemented and more that we have thought about and working on. But more importantly, it's the ones we didn't think about that are most exciting: our platform is open to everyone and we expect innovative ideas to be implemented on top of our platform, especially since it abstracts away all blockchain related complexity.

3.6
8 7 expert ratings
Benchy 3.8
KYC
Experts
3.6
3.6
3.2
Review: coming soon PRO

Ended
Token
ECTO
Type
Price in preICO
1 ECTO = 0.0235 USD
Price in ICO
0.0362 USD
Country
Whitelist/KYC
KYC & Whitelist
preICO start
5th Aug 2018
preICO end
30th Sep 2018
ICO start
7th Oct 2018
ICO end
4th Nov 2018
Visit ICO website
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Changelly

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
Igor Karavaev
Blockchain Enthusiast and Advisor
Rated on Apr 28, 2018
3
2
2
9%
This rating's weight is reduced by 50% as there is no review added.
Vlad Skakun
Co-Founder and CFO at CryptoDiffer | Investor| Marketing Specialist| Senior Analyst at Venture Fund
Rated on Apr 5, 2018
3
3
3
6%
This rating's weight is reduced by 50% as there is no review added.
Open Collectors NetworkICO team member replied on 7 Apr 2018
Hello,

Thank you for taking the time to review our project.

Can you also provide some feedback regarding your votes, please, so we can know what to do better ?

Regards,
Cosmin, co-founder
Shaf Madina Zaman
Founder - Crypto Society, ICO Advisor, Marketing Consultant, DayTrader, BlockChain Enthusiast,
Rated on Mar 18, 2018
4
5
4
12%

I see a lot of potential in this one, please prove me right. It could be a big one for sure

+2Agree
+2
Disagree
Report
Open Collectors NetworkICO team member replied on 21 Mar 2018
Thanks for the feedback. We appreciate it!
Cem Goksel Ozargun, MA, PMP, CSM, PSPO
Blockchain Advisor, Blockchain Expert, ICO Investor, Product Manager, Project Manager, Business Analyst, Trader, Lecturer, Jack of All Trades
Rated on Aug 3, 2018
Modified on Aug 3, 2018
3
3
3
12%

Platform for non-fungible item trading... Idea and the website are definitely very cool.

Regarding the token sale structure, I think the allocations are wrong.

Team: 10%, Advisors: 10%, Company: 13%.

You are already taking 33% of the contributions. I think that's a bit too much.

I also don't think the product will be successful in convincing people to use the platform.

Thus, my scores are:

T:3
V:4
P:3

Agree
0
Disagree
Report
Eugene Podkovyroff
Investor, Decentralized Economics Researcher, Crypto Visionary, FinTech Pro, Startup Mentor and Advisor
Rated on Apr 7, 2018
4
3
3
11%

The team is interesting and contains several very skilled professionals. It may be strengthen on the Economic and Financial sides thought.

OCN has an interesting vision elements and some uniqueness in the market positioning.

My general concern is that both idea and the product are formulated in the extremely broad manner. That will likely cause fails with real customers and may stop from getting them at a reasonable cost. Neither of what is listed in the "Use cases" section of the WP won't qualify as a use case from the business standpoint (must be a realistic list of actions to achieve a goal of an agent), so we can't seriously consider them. And that is the problem with almost everything about this project: WP is shady, it has very little useful information, but mostly general or trivial data; tokenomics is not properly supported neither it is disclosed enough; legal overview is missing completely, go-to-market strategy can't be found etc.

+1Agree
+1
Disagree
Report
Open Collectors NetworkICO team member replied on 7 Apr 2018
Hi! Thank you for taking the time to review our project !

Yes, we plan to expand our team after the public sale.

We'll take your feedback into consideration and we will improve our whitepaper. Can you provide a bit more info about why our whitepaper it's a bit 'shady' so we can know what to improve ?


Regarding our use cases, we want to tackle problems that market currently has. For example, the 'auction houses' use case: right now there are some extremely huge fees for this business sector. Implementing this on the blockchain using non-fungible tokens will reduce those fees very much and it will also be more accessible for everyone to auction valuable items.

Another use case, that was just deployed on Ropsten, is the 100% decentralized trustless ico investing pool system. Nowadays people use Excel sheets or Primablock ( which is not completely decentralized as it's written on their website ) and it's very risky for individuals who invest in ICO through pool systems. We replaced the middleman ( the human part from this process ) with a verifiable piece of code. It can be tested here: http://alpha.opencollectors.network/ and here's a presentation for it: https://www.youtube.com/watch?v=pCeChy6woAM

Another use case we consider to be very important is 'digital media & rights' use case. It's very hard these days to copyright your own work and even if you do you will have copyright only in your country. Doing this on the blockchain is much more effective, faster and simpler. Besides this, we will implement a royalties system in case someone doesn't want to buy your copyrighted item, but just wants to use it ( a script tag will be responsible for doing the math so you won't have to do any complicated calculations ).

Regarding tokenomics, can you be a bit more specific ? It's clearly stated on our website, as well as in our whitepaper following information: Total supply: 150 M; Sale supply: 65%; Advisors: 10%; Founders: 10%; Company: 13%; Bounty: 2%; as well as funds allocation and even private sale information ( which few projects make public ). We want to very transparent about the project so if you saw something unclear, please tell us and we can change it.

Our idea may be a bit harder to explain, because it's unique ( as fair as we know ) and not as usual as others, but we accept any feedback and we want to make it as clear as possible.


Regards,
Cosmin
Reinhard Berger
CEO Pecunio Blockchain Technologies
Rated on Feb 23, 2018
4
5
4
8%

Dan did a great job explaining the USP of their project.

After all, I have to upgrade the rating, since it seems a truly unique approach to me. Great Vision!

However you guys could do some extra pitching work. The project would surely benefit..

Overall, great potential when you are willing to dig a little bit under the surface.

+3Agree
+3
Disagree
Report
Open Collectors NetworkICO team member replied on 24 Feb 2018
Thank you! We appreciate your advice. We'll do some extra pitching work for sure.
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Feb 27, 2018
4
5
4
3%
This rating's weight is reduced by 50% as there is no review added.
Open Collectors NetworkICO team member replied on 27 Feb 2018
Hello Amarpreet,

Thank you for taking the time to review our project. We appreciate it !
Benchy
ICO analyzer bot
3.8
38%

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
Dan Andrei Singeorzan
Passed
Ion-Cosmin Grigore
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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