About Pension Rewards
The technology behind Pension Rewards simplifies the process of decentralizing job opportunities, embracing skills, disrupting unemployment. Patents will be stored on blockchain, making them immutable, transparent and secure. Licensing patents will be done through smart contracts, ensuring that all parties meets an agreement.
Pension Rewards Platform was born out of research and passion to see people connect to the outside world, hire or be employed and be happy without fear of been useless, using the strategy " Find > Make > Earn > Repeat" and also be granted the ability of having a diversified income source while aiming at expanding the spread of blockchain and cryptocurrencies with a real world usecase.
The platform will utilize the capabilities of Blockchain where you could earn money by completing various tasks using Pcoin as base payment currency.
Pcoin is a utility token usable worldwide – Use it to pay hired freelancers on the platform [crypto token for freelancers and employers], exchange on Crypto trading sites, or exchange into your preferred fiat currency and lots more.
$PCoin is going to be issued with a limited amount, therefore, once $PCoin spread globally, demand and supply will play its role in value for investors/freelancers to benefit.
The use cases of $PCoin will also assist the growth in no time.
DISCLAIMER: This is not a get rich quick project, it's a long term project with daily usage.
Rated on Oct 28, 2018
Modified on Nov 11, 2018
The team does not seem to have any real business experience or any blockchain related skills. most profiles; including those of the advisors have no mention of the project.
the team members do not appear to have many connections within the blockchain space where most have <200.
The idea that this ICO is to go until December 12th 2019 is ludicris.
The socials are very week, with a very limited population in terms of community.
The whitepaper is mostly non-sensical examples of things like "internet usage" and social media demographics. There is nothing in terms a "business plan" and given the lack of experience of the team it is obvious why.
The MVP is nothing more than a webpage template.
The "business" model the project is following is nothing new and has resulted in the creation of multiple "shit coins" and failed projects in the past as is the expectation of this project.
I do not see any viable ROI to investors. I do not see this as a good investment.
North Dakota Securities Commissioner Karen Tyler has issued Cease and Desist Orders against 3 companies promoting unregistered and potentially fraudulent securities in North Dakota in the form of Initial Coin Offerings (ICOs).
The Orders are the result of investigations being conducted by the Department’s ICO Task Force, convened by the Commissioner to identify ICOs and cryptocurrency related investments that pose a risk to North Dakota investors. The effort is also part of Operation Cryptosweep, a coordinated multi-jurisdiction investigation and enforcement effort involving over 40 U.S. and Canadian securities regulators.
Pension Rewards Platform, aka Pension Rewards, is soliciting investors through their website which is accessible to North Dakota residents. The site offers to sell a virtual currency called “$Pcoin” or “Pcoin” which allows investment in and use of their platform to connect freelancers to available workforce opportunities. The website states that the coins will multiply rapidly and produce a large profit for investors, and that the growth will “happen in no time.” Additionally, the Pension Rewards white paper makes the unsubstantiated claim that due to the rapidly growing market and popularity of their platform, the coin price will grow. Pension rewards fails to disclose material financial and risk information to potential investors, nor do they describe the means by which they will provide the promised return on investments. Pension Rewards is not registered in North Dakota to offer securities and makes several allegedly fraudulent representations as to the potential for return on investment. http://www.nd.gov/securities/news/news-archive/securities-department-issues-orders-against-companies-promoting-initial-coin
Rated on Nov 10, 2018
Lot of freelance projects these days, making this a very crowded space . Don’t see how these guys deliver anything special. Why would this win over other teams obviously there can be more than one in this space but these guys do not show why them .
Rated on Oct 10, 2018
1. The Team has completed KYC in the ICOBench Platform
2. The Team has not much prior experience in Business side though the CEO may have some freelancing experience.
3. The Vision is good, not great. Recently I rated a similar project with slightly better team and preparation.
4. There are already similar products in the market (centralized) which are doing exceptionally well.
5. What can Pension Rewards offer, which Fiverr or Freelancer site can't offer? Involvement of blockchain is not the big picture, using blockchain efficiently is.
6. And in time of dispute between the buyer and supplier, like the competitors, Pension Rewards also relay on the platform.
7. 30% of the fund from the ICO is allocated for Team/Miscellaneous. Sounds like a random number thrown on the Financials.
Compare the two?
Will the current users in the Freelancer market ditch the current platforms for a better price?
For Buyers, Pension Rewards would be a platform with fewer possibilities.
For Sellers, Pension Rewards would be a platform with fewer opportunities, they have to start from zero again to create a reputation, while they already have an established business in the competitor space.
Seems like a tough battle to be in.
2 For team because they have completed the KYC
2 For product, but not for prototype, but for the template they have used and the effort put forward for the customization of the same.
2 Vision needs a lot more improvement.
Rated on Nov 11, 2018
First review on 11 Nov 2018
1. Many good points raised by Douglas and Shebin.
2. I will revise my ratings after receiving further responses from the team after addressing their points and questions.
For record purposes: 2dv(D) and 1dv(S) as at 11 Nov 2018.
North Dakota are inexperienced, mixing Freelance Platform with Ponzi because of token value prediction is lame. BTC is also projected to move upwards, sideways. It baffles me as he called us a scam straight away. Experts like him are not fit for this space cos he is not constructive but destructive. IMO. He never interviewed any team member and didn't truly understand our project.
We are scam?, we gave out our KYC, Our Social Media Profiles to be easily reached. Yet all you could say is we still scam.
About our MVP. It's started that it was just a demo and our real MVP will be out as we are approaching our softcap.
Regarding our ICO Dates. Reason was stated in our whitepaper. It was intentional due to market conditions and to avoid us from shifting dates of ICO stages if caps not met easily with drafted periods just like ARAW has been doing. If Caps are met faster, the Roadmap will be corrected to close gaps.
He claimed our Linkedin profiles are less than 200 Connections, should this be a barrier? That's lame. We could easily load fake connections and have 500+ each but we are not gonna do such or load fake users in our social media accounts to deceive. We have received countless offers to help boost our ICOBench ratings but we ignored fake reviews. We got offers to help boost telegram and bitcointalk threads to attract people, we ignored as well to keep it real and clean.
Saying the team is inexperienced as well? You do not judge people easily when you do not know their capabilities yet until proven otherwise. PS; We stated we will be hiring more professionals.
NOTE: We can't list all our features or model out easily now as we understand we got competitors our there who might hijack it and beat us in advance to our own launch.
Rated on Nov 11, 2018
As per below link, North Dakota Securities Commissioner Karen Tyler has issued Cease and Desist Orders against Pension Rewards
Rated on Sep 23, 2018
Modified on Sep 24, 2018
White paper - The white paper is based on decentralizing the freelancer market. This projects is just an idea as of yet. It contains some relevant materials for an investor but lacks specifics.
Team - The core team is inexperienced and does not have relevant know - how to make this project work. The advisor is also unrelated to the industry.
Tokenomics - The token deployment are within reasonable limits. But the biggest problem lies in the funding allocation part. The founder core team reserves 10% of the tokens and on top they also take 30% of the funding received. This is clearly unprofessional.
Business Model - The business model is quite clear but without the specifics. The future plan and partnerships are not mentioned.
MVP/ DApp/ Working Product - No MVP.
Note - In terms of the input provided by the team, I am re-rating my score.
"The term specifics in your claims seems unclear to us and I will love you to examine how the whole freelance platforms operate.
You also claimed its just an idea , a statement I will also disagree to, even though everything we use in the world today started as an idea as well. We're selling our ideas out so as to raise the funds to make it happen via ICO.
Regarding the team - We all have different intra/interpersonal skills and I really don't expect we list all our skills to disfigure our website or whitepaper. I am the founder and I have been a freelancer for almost 4years , as well as a crypto trader. I understand how freelancing works and I've experienced the problems existing around the platforms (which we also highlighted to solve with our on platform). Besides, don't forget we also indicated that we will be hiring more teams as time goes on and this was stated on our roadmap and we also added our hiring mail. The platform/community to be needs huge amount of staffs and technicians and we are aware of this.
Regarding our advisor, he has been in the space for long as well and has partnered in other blockchain related projects making him fully understood what we aim to achieve with our project.(though we are open to more advisors)
The Tokenomics: From our whitepaper, we stated that the Token allocation for team and ecosystem will be locked for 5years. looking into the 30% which was been set for Team/miscellaneous , this will be used to hire staffs/technicians and to expand the team on the long run.
Business Model- You still emphasized on "without specifics" and partnerships as well. In our whitepaper, we stated that we will be in partnerships other payment processors, with companies, schools and lots more(even though none was disclosed ). This is on our roadmap and we have our own strategies to achieve this and I see no reason why this should be a worry as well.
NO MVP? - if you visited our main website , you will notice we have our MVP as a demo at https://pensionrewards.com/demo , as well as a flowchart of how the platform will operate, available in our whitepaper."
My Take on the whole matter -
"We're selling our ideas out so as to raise the funds to make it happen via ICO" - The team does not have a product yet but a vision.
5 years token lock in is good; instead of 30% for Team/miscellaneous, please replace it by "Operational Cost" makes more sense. [I quote -The 30% will be for both core team, hiring
professionals, staffs [it's a company to be] and building of the company
structures and equipments as well" - better rephrase it as operational costs for simplicity].
I rephrase - I can't judge the team based on their LI profile but none have experience in running a freelancer site including adviser. Judging from that it's difficult to know about the capabilities.
No partnership was disclosed (accepted by the team members) & the MVP is a demo.
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.
TeamApply as an advisor
ICO 1E TH above: [30% Stage 1] [20% Stage 2] [15% Stage3].
Associated Exchanges with PCoin
The Cryptopia exchange is a powerful currency trading platform.
Concept and Research
Pension Rewards is born
Official launch of website, smart contract deployment.
Platform Social Media Profiles
Demo Platform Launch
ICO Sale Start [SelfDrop]
Company Establishment & Legal Compliance
Idea Expansion, Exchange Listing
Beta PlatForm Launch
Meet Ups and More Developments
Full Platform Launch
First Mobile App