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Ratings Papusha

Rocket Technology

The world’s first rocket and space technology to produce fuel by using fuel oil residues from refineries offered by Anatoly Papusha, the Academician of the Russian Academy of Natural Sciences who developed the Buran program Papusha Rocket ICO - is the latest technology to destroy oil refineries residues around the world. Instead of destroying flora and fauna, refineries get gasoline and diesel fuel for selling. PRT ICO produces small-capacity oil refining units to process black oil fuel and produce liquid fuel by using the transonic combustion technology. Every day refineries worldwide generate 1.35 million tons of residues. Depending on its capacity, one PRT-2 unit processes 30-90 tons of wastes per day. The market requires dozens of thousands of PRT-2 units.

3.8
8 7 expert ratings
Benchy 4.0
KYC
Experts
4.0
3.3
3.9
Review: coming soon PRO

Ended
Token
PRT
Type
Price in ICO
0.0775 USD
Country
Whitelist/KYC
None
preICO start
1st Jun 2018
preICO end
25th Jul 2018
ICO start
22nd Aug 2018
ICO end
22nd Mar 2019
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 and Advisor
Rated on Aug 22, 2018
Modified on Aug 22, 2018
2
1
4
13%

A petrochemical technological start-up that suddenly intruded into IT ico world. The team, whitepaper etc don’t fit; no proper competitive analysis or business planning. Presently even ico suitable projects encounter problems to fundraise. I would suggest this project to deal with proper VCs to reach their targets. Tokenization here can only do harm.

+5Agree
+1
-4Disagree
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Vladimir DavydenkoICO team member replied on 24 Aug 2018
Thank you for your personal opinion!
Our project is from the real sphere of business, this is true. Our team has one of the best scientists in Russia, experts who have received recognition in Russian and abroad. All of them fully engaged in the product development. If you want to know more about the author of our project you can make inquiries in Rosatom company. They can perfectly explain who he is. It difficult to imagine the better team than ours. Lets speak about business planning and competitors. If you study our documents in detail, you will find analysis and comparison with competitors (hydrocracking and catalytic cracking) and we have a separate document on business planning: https://papusha.io/files/Plan-EN.pdf)
We have already achieved certain successes with venture funds. ICO allows us to enter the world markets and declare ourselves with the least expenditure. IPO is too expensive, as you know, and not just only for us. We think that your opinion is unreasonably understated, but anyway, thank you for the feedback, we will make efforts and try to be better!
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Aug 23, 2018
5
5
5
13%

"Anatoly I. Papusha ​is a world-famous scientist, Professor, Doctor of Technical Sciences, Laureate of the State Prize of the USSR."

Last publication date by AI Papusha was in 1996: https://link.springer.com/chapter/10.1007/978-94-009-1683-8_3

+4Agree
0
-4Disagree
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James Sowers
Ico adviser
Rated on Aug 24, 2018
5
4
4
11%

The world’s first rocket and space technology to produce fuel by using fuel oil residues from refineries offered by Anatoly Papusha, the Academician of the Russian Academy of Natural Sciences who developed the Buran program Papusha Rocket ICO , whoa this is definy differ t nice to see an ico that is t a copy of another one .
Hope the see them succeed.

+1Agree
-2
-3Disagree
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Suzat Fernandes
CFO & Co-Founder
Rated on Aug 22, 2018
Modified on Aug 23, 2018
5
5
4
10%

The vision and mission of Papusha is unique and is dedicated towards to betterment of the planet. The KYC has been completed. Given that the platform has hired some of the most experienced team members and patented technology will win over most investors. I wish the team good luck with their pursuit.

+5Agree
+5
Disagree
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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 28, 2018
3
1
3
9%

Please don't run an ICO if your project doesn't require blockchain. The cryptocurrencies sold to investors with this ICO doesn't seem to have any value afterwards. What the team requires is just regular funding instead. Very negative -

Team is not related with blockchain at all. Negative -

Whitepaper doesn't include any business related information. Negative -

Whitepaper and website design are very poorly done. In my opinion, this indicates how serious the team is. Negative -

I don't have much knowledge about the project, so I will stay neutral to product idea. Neutral +/-

They say there is an MVP but what I saw was a 12 seconds video of the same thing happening. Maybe I didn't understand as I have neither the knowledge nor the experience in this field. Neutral +/-

ICO terms are OK. Selling 75% of tokens to contributors. Positive +

Hype is good. 16k on telegram and 11k on twitter (might be due to an airdrop campaign). Positive +

In overall, I didn't like the project and will stay away from it. I hope the team will read my comments and will try to cover for the weak points. Good luck!

Agree
-2
-2Disagree
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Vladimir DavydenkoICO team member replied on 1 Sep 2018
Dear Mr. Gem Goksel Ozargun, thank you for your comment. We use blockchain to make fundraising decentralized, our token will have value and we use company profit to provide it. This scheme of work is unique and no one used it before, probably that is what causes some lack of understanding.
We are not specialists in blockchain but we are good businessmen, which is more important. We will get funds from different sources – from venture funds and from ordinary people.
You are right there is no information about business planning in the white paper but
there is a self-contained document about it.
To have better understanding of how our MVP works one should learn more about the project or ask for more details in our telegram group. We are surprised that we still haven’t received any questions from experts :) we are ready for dialogue. Are you?
Jan Schets
ICO advisor | CIO | Blockchain Consultant | Early Crypto Investor
Rated on Aug 24, 2018
Modified on Aug 25, 2018
3
2
2
9%

ICO's are generally done by and for IT companies. This is a petrochemical company trying to raise funds through an ICO.
Does this mean they were unsuccessful with 'normal' VC investors? Why is a token needed in this project? What is the added benefit of tokenization here?


EDIT: The comment below from the team doesnt inspire any trust or confidence. They attack the messenger with non-arguments instead of really answering my tough questions. They go right away on the attack about other ICO's not using their tokens or not making profit, which feels like inventing strawman to get away from difficult questions. Also, they seem to downvote all the reviews that are asking these hard questions that they dont have an answer on. Even more red flags are waving now! I would stay far away from this.

+2Agree
-1
-3Disagree
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Anshul Dhir
Founder and CEO, Exuberant Financial Services| Qadcore
Rated on Aug 22, 2018
5
5
5
7%

Papusha Rocket Technology project looks very impressive. Team has great skillset and passion about product, which is clearly visible.
The work of Mr. Papusha has been recognised and patents have been displayed with requisite information in Whitepaper. Tokenomics looks good and utilisation of funds is quite clear and simple.
Telegram and other social platforms depicts good social engagement and community management. All team members are readily accessible.
The Whitepaper speaks clearly of financial, in brief, and technical aspects of project.

Overall, The project looks very promising. I wish the team all the very best!

+3Agree
+1
-2Disagree
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Benchy
ICO analyzer bot
4.0
29%

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
Vladimir Davydenko
Passed
Anatolii Papusha
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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