Petchains

I am removing the previous rating due to "Suspicious ICO" warnings from ICOBench.

ICOBench warns advisors of any suspicious activities, and this is designed to stop any fraud or scams.

I am not aware of the suspicious activity details and hence the action to remove the previous rating.

For pets, it is a field where growth and economic stability can be expected with a considerably long span. I think that the white paper completely fulfills the need and that the token balance is well calculated. The team is experienced in this field.
With the development of block chain technology their skills will also grow.
I watch over them.

I have worked in the pet industry.
In that industry, the old way was rooted and it was a very bad environment.
That's why I believe that innovative block chains can bring salvation.
I am praying for the success of this project.

White paper - The white paper is quite detailed in its offering and outlook. The application of blockchain is understable for the part of Pet breeding and sales; besides integration of blockchain for the pet market is an overkill. The services offered can be done by an App and token. Data sharing of pet healthcare or pet products and the promise of individual platform with multiple language can be independent of blockchain without potential downside.

Team - The team composition is quite good with experience personnel from the relevant industry with a few advisors as well. The team is small in composition and lacks diversity in terms of marketing, PR capabilities and information is hard to find about some members.

Tokenomics - The tokenomics is not very clear. They plan to sell 90 million tokens out of 180 million. So, no comments about the remaining 50% tokens - Is it for founders/ team? If so it very greedy. Besides, the fate of unsold tokens has to be stated? The funds allocation seems okey except an unusually high amount 30% - is saved as security of the token.

Business Model - The business model is very clear. Once the ICO is over the tokens would be the currency in use inside the platform making the whole process transparent and profitable for investors since they plan to get money from pet products advertisers. But no mention about potential tie-ups with any pet product company.

MVP/ DApp/ Working Product  - They have an MVP already.

The idea is not original but the approach of tackling the problems is! A capable team but only selling 50% as utility tokens for investors makes it a project with high risk. The team should clearly explain a roadmap, proper token allocation and why they have such a huge gap between Soft Cap (5000 ETH) and Hard Cap (89,000+ ETH).

The vision is not one of the most original, but as I always say on the market there is room for everyone.

Unfortunately there are many uncertainties when we go to make a more in-depth analysis of the project. Tokenomics is unclear and distribution is not in the best parameters. Only 8% of the reserve fund can be dangerous and harmful for the future of the project.

The MVP page is only in Chinese and you can not download the software in IOS. The team is very short and there are not very important experiences in the background, and some key figures are missing in the development of a Blockchain project, among which a Blockchain Developer to make a qualitative leap in technology and maybe evaluate if there are other blockchain , different from Eth that can be better adapted to the project structure.

The difference between Softcap (5000ETH) and Hardcap (89000ETH) is an abysmal one and no explanation for this difference is offered.

The whitepaper is well written and the website is fairly clean, while the social media and communication channels are pretty well kept, apart from the youtube channel which seems a little neglected.

I wish you luck, for now these are the maximum votes I can give, but with a little more attention and effort the project can be successful, I just hope you will not use the animals just to do business.

The solution is developed on the modern and global technologies like big data and blockchain, good to see technology stack used in the platform.

Idea seems good initiative for pet industry ,team having experienced technical members who can take this project further.

The aim is clear and understandable.

Penpet market information management system good to see something on the network, aim of project is to bring up the community which is made up of the experts, professionals, institutions, academics, owners, service providers, dealers volunteers as per thier whitepaper.

I am willing to see them with working product as MVP looks fine to me.

Team is mixture of talents, the idea and vision is not creative but they have some good Enhancements and overcoming on previous implementations as seen in Whitepaper.

MVP looks good with design i am sure it will be improved as it will engage in development.

Good to see this project working for pet markets around the globe.

Removing the review as per scam accusations: once this has been fixed I will be happy to restore the previous review.

Source: https://bitcointalk.org/index.php?topic=5108208.0