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Ratings OTPPAY

Omni Token Platform for Payments.

OTPPAY is an “Omni Token Platform for Payments”, the Blockchain powered Wallet (Buy | Sell | Exchange & Pay). OTPPAY will be the world’s largest platform in which all major crypto assets can be bought, traded and even make payments to the merchants at low fees instantly or escrow based. The pain point of crypto to fiat conversion by the merchant is bridged. Yes, trough our innovative artificial intelligence and machine learning based order/transaction matching engines will convert any cryptocurrency to OTPPAY tokens and OTPPAY tokens to fiat currency just in time. OTPPAY is a unique payment platform, which will have a way to use their favourite cryptocurrency in order to pay the vendors/merchants instantly. We provide vendors with the safety and convenience of receiving funds in fiat currency. One can even change the primary payment option from any cryptocurrency to OTPPAY tokens or fiat currency instantly, thus by protecting them from cryptocurrency market volatility. Our OTPPAY security system will be designed with the blend of traditional fiat currency security standards and latest blockchain technology. We will be acting as the catalyst to enable the just in time cross-border e-commerce and business transactions which will reduce the dependency of forex mediums. Our solution will disrupt the forex/cross-border financial market instantly. Our API’s will interact with the global eKYC interfaces and hyper ledgers to avoid the anti-social transactions. Our omnipresence data mining infrastructure will help us to build the proprietary negative database of suspicious transactions and block them in future thus by saving crypto-miners time & money. In near future, our AI-powered smart engines will be used to frame Crypto Credit Rating (CCR) system, by which merchants & users will be benefited from the OTPPAY Lend features.

4.2
28 27 expert ratings
Benchy 3.5
KYC
Experts
4.5
4.3
4.1
Review: coming soon PRO
~$1,344,700
value of tokens sold in ICO
Ended
Token
OTP
Type
Price in preICO
16000 TKN = 1 ETH
Price in ICO
0.0370 USD
Country
Whitelist/KYC
KYC
preICO start
5th Mar 2018
preICO end
3rd Apr 2018
ICO start
4th Apr 2018
ICO end
8th Jun 2018
Visit ICO website
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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
Igor Karavaev
Blockchain Enthusiast
Rated on Jan 27, 2018
5
5
4
5%

Interesting idea, good luck to the team!

+11Agree
+11
Disagree
Report
Hung Chih (Jason Hung)
Project optimization
Rated on Feb 22, 2018
5
5
5
5%

I like this idea, it is a real product service already work at the special region. The core team is dedicate and the advisory board is strong and experienced. I evaluate this is a low risk project. Just waiting another team member pass KYC.

+5Agree
+4
-1Disagree
Report
LalithbabuICO team member replied on 2 Apr 2018
Dear Jason,

Thanks for your Trust and Valuable time. Hope you have noticed all our KYC is passed.

Regards,
Lalithbabu
Nathan Christian
Blockchain Technology Consultant
Rated on Jan 27, 2018
5
5
5
5%

Great Team, Vision and Product!!! Good luck guys!

+12Agree
+12
Disagree
Report
Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Mar 25, 2018
5
5
5
3%
This rating's weight is reduced by 50% as there is no review added.
Tyler Sanford
Marketing | Campaign and Community Management
Rated on Mar 25, 2018
5
5
4
5%

Good Team! This is one I will keep my eye on

+2Agree
+2
Disagree
Report
Ilya Anikin
Business strategy, investment deals, investor relations
Rated on Mar 12, 2018
4
3
3
5%

Too many words and not a word about what the product will be different from a huge number of similar ones.

Only the proposal to lend 2-5x amount of monthly sales to merchants attracts attention. But this is unlikely to be sufficient to compete effectively.

+1Agree
+1
Disagree
Report
LalithbabuICO team member replied on 2 Apr 2018
Dear Ilya Anikin,

Dear Sir, if you note all our product and services are interlinked. With the technology available we can do many things possible. With my team (www.idbtec.com) we can able to achieve this with sustainability.

Regards,
Lalithbabu
Aly Madhavji
Award-Winning Author | Tech Entrepreneur | Investor | UN Consultant | Schwarzman Scholar | Senior Blockchain Fellow INSEAD
Rated on Mar 25, 2018
Modified on Nov 30, 2018
4
3
3
5%

Strong team and real product! looking forward to seeing how this progresses but it has been slower than expected. Better communication with the market and working to gain real user adoption is key.

+1Agree
+1
Disagree
Report
Ian Scarffe
Blockchain Consultant, Advisor, Consultant. European Commission - Horizon 2020
Rated on Feb 7, 2018
5
4
4
5%

Very exciting idea from a very strong team

+48Agree
+48
Disagree
Report
David Drake
Managing Partner
Rated on Apr 16, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Feb 27, 2018
5
5
5
4%

Great use case for the blockchain, and the CCR (Crypto Credit Rating) system will be a major component of the blockchain in the future.

+4Agree
+4
Disagree
Report
Rick Tapia
Blockchain Advisor and Consultant
Rated on Mar 9, 2018
5
5
5
4%

Very interesting project with a good team.

+3Agree
+3
Disagree
Report
Purushotham Maralappa
Consulting Manager at Emurgo, Blockchain and Tokenization advisor
Rated on Mar 15, 2018
4
4
3
2%
This rating's weight is reduced by 50% as there is no review added.
P.B. Stanton Esq.
Securities and Banking law | Former US Marine JAG Officer | Complete legal advisory
Rated on Feb 1, 2018
5
5
5
4%

I see the benefit

+10Agree
+10
Disagree
Report
Christopher Zenios
COO | CMO | Speaker | Blockchain | ICO Specialist | Consultant | Advisor | Writer | Project Developer| Investor
Rated on Feb 21, 2018
5
5
5
2%
This rating's weight is reduced by 50% as there is no review added.
Shaf Madina Zaman
Founder - Crypto Society, ICO Advisor, Marketing Consultant, DayTrader, BlockChain Enthusiast,
Rated on Mar 29, 2018
4
4
3
4%

They make some really massive claims and it has me extremely doubtful about its future.

Agree
0
Disagree
Report
Irina Nikitina
Lawyer
Rated on Mar 4, 2018
5
5
5
2%
This rating's weight is reduced by 50% as there is no review added.
Sydney Ifergan
Marketing Advisor - ICO Advisor - ICO Consultant - Crypto and FX Consultant
Rated on Mar 25, 2018
5
5
5
4%

looking forward to see it ready and live, that's needed in our crypto world.

+2Agree
+2
Disagree
Report
Richard Kastelein
Publisher of Blockchain News (EST 2015), Director of Blockchain Partners, Director of Token.Agency
Rated on Feb 17, 2018
3
2
2
4%

..." will be the world’s largest platform..." Really? Pretty cocky claim.

I don't see the point of having a 'bridge' between crypto and fiat? Is that not what Bitcoin does?

Lending. What are your interest rates going to be? Will this be another payday loan project with short term lending to the poor in India with high rates? You don't tell us in the whitepaper. Merchants lending? Sounds like a disaster in the making.

19 million for the public and employees from the billion being allocated? That's less than two percent. While 200 million is reserved for tech and operational for OTPpay management?

You want to do buybacks and burn from a capped cryptocurrency to pump the price? While that's interesting in theory, you will eventually burn through the cryptocurrency mathematically. You don't show any math to prove your thesis that this will work.

In fact, there's no math or algorithms in the whitepaper at all. It's a very pretty deck with stunning graphics. But it's not a whitepaper.

VISA and Mastercard have put a clamp on all cryptocurrency debit cards, with the death of Wavecrest. Before pumping a debit card, you should make sure you can even offer one.

I don't see what the others who marked this up so high see in this project.

+3Agree
+3
Disagree
Report
LalithbabuICO team member replied on 2 Apr 2018
Dear Richard Kastelein,

Thanks for your valuable time, I think you have totally misunderstood our vision and mission. Please look into our point of view as follows,

1. We never claim that we are the worlds largest platform, our aim to be the largest platform, it's unfair to comment on one's aim or ideology and name it with such harsh tags.

2. from your comment on "Lending", It's clear that you have not read our whitepaper, we mentioned about Merchant Lending or Invoice Discounting. It's a huge market. I place a humble request not to point my country as "POOR", As an INDIAN I strongly object it.

3. Next is Token allocation and distribution, we have done strong analytics with our financial experts. We believe this distribution makes stable and robust token placement.

4. We are working on our proprietary payment protocol, we cannot release the math or technical architectures or conceptual formulas without product completion.

5. Visa and Master may dump the crypto market, but it won't stop crypto innovation. We have alternative plans to address this.

6. You have all rights to comment on any project, but you cant point other positive viewpoints.

Thanks for your kindness in showcasing your viewpoint. If you want any further clarifications, you can email to [email protected]
Dmitry Machikhin
IT entrepreneur and investor
Rated on Mar 19, 2018
3
3
3
4%

Poor advisory board
Many things in WP and website are impossible to understand
Pook key value proposition

+1Agree
+1
Disagree
Report
LalithbabuICO team member replied on 2 Apr 2018
Dear Dmitry Machikhin,

Can you please let us know what issues you have with our advisory board. We trust in the intellectual exposure. I trust in my team they will make things happen. Secondly, as I explained to another review, each and every product and services mentioned in our white paper is interlinked. With the power of data analytics, AI & ML we can make things happen.

Regards,
Lalithbabu
Bobby (Borislav) Iliev
ICO Expert & Advisor | Business Development Consultant | Marketing Strategist
Rated on Feb 4, 2018
5
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Giorgi Topuria
Pioneer Blockchain Investor - CEO of Kepler Technologies
Rated on Feb 28, 2018
5
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Bonnie Normile
Business Development Manager
Rated on Mar 31, 2018
5
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Zahid Imran
ICO expert and Advisor, consultant
Rated on Jan 27, 2018
4
4
5
1%
This rating's weight is reduced by 50% as there is no review added.
Abishek Mittal
ICO Advisor | ICO Consulting | Project Review |MBA Finance and Strategy |9+ Years of Corporate Experience | Crypto Trading and Investing
Rated on Feb 22, 2018
3
3
3
3%

How is it different from the projects which are already available in the market with similar concept? Though the company claims to have exposure to technology but the MVP is still not available. Concept doesn't seem to be appealing and is just one more ICO in the market.

+1Agree
+1
Disagree
Report
LalithbabuICO team member replied on 2 Apr 2018
Dear Abishek Mittal,

OTPPAY has its own unique features, I request you to spend your valuable time in reading our whitepaper. Secondly, I request to download the APK file from our www.otppay.io website and feel our demo UI. If you have further details please write down to [email protected]

Regards,
Lalithbabu
Srini Katta
Serial Entreprenuer, Blockchain, AI and CRM Solutions Expert, Author, Speaker, Blogger and Mentor
Rated on Apr 2, 2018
3
2
2
3%

Product : There are several wallet services that provide crypto and fiat currencies exchange and payments before OTP Pay
Vision: There is no vision about how their wallet would penetrate the market.
Team: I checked the founder's LinkedIn profile and found no experience with Blockchain or Cryptography which is very important for a company offering a secure wallet/payment services
I rated the team as 2 previously. However, the founder clarified their experience with blockchain and hence the rating changed to 3

Agree
0
Disagree
Report
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Mar 25, 2018
5
5
5
2%

Good project, nice team

+1Agree
+1
Disagree
Report
Reinhard Berger
CEO Pecunio Blockchain Technologies
Rated on Mar 5, 2018
4
3
3
0%
This rating's weight is reduced by 50% as there is no review added.
Benchy
ICO analyzer bot
3.5
12%

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
Lalith Babu
Passed
Vijaykumar Rajan
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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