PointPay

Team ★★★★★
Vision ★★★★★
Product ★★★★★

Large and strong team, experienced people on different areas that complement perfectly a good core team.
After some conversations with the founders, they have added a top advisor to their crew, so I update the score to 5 for the team.

Maybe they are not offering a totally new vision, but they have a really solid project here. They are actively working on their objectives and the ecosystem is open to innovations and improvements. They are very close to a perfect vision, so I invite them to offer a strong competitive advantage in order to get the full score.

But the most important thing to get their goals is a dedicated and active team and they have got it.

They need to launch a good MVP and it's interesting see how they are advancing on their roadmap. The exchange and the mobile wallet will be launched soon, and I'll give them the full socre when they release the working version.

#####Update 2/13/2020#####
The scores have been updated to a triple 5.
The reason is they have achieved the things they needed in order to get my full score.
They have devoloped and launched their exchange, wallet and crypto bank. I've tested them and work smoothly. I think they deserve the 5.
Addionally, they are doing researches and consultations ir order to get the best features in the market for everyone of their products. One more time, they deserve the max score in vision.

Good luck!

Their well prepared team gas managed to put together a working mvp. The fact that they managed to increase their numbers from 5 to 32 members in one year indicates that they are on the right path.

The don't have the most original idea, however, in the end, their vision and mindset will make a difference.

They will create an entire ecosystem with 3 products, which is is a good idea as they will provide all the adiacent services that one user will need. I will follow the evolution of this project in the future. Good luck!

Point pay combining Crypto Bank, Exchange and Wallet is really good idea but it is very difficult to achieve but Team looks very professional and they have specialist in all department. Token economics is good and whitepaper is detailed. They have already connection with the banks and payments system which is bonus. MVP is available. Best of luck team.

Seems like a good project and a strong team of advisors! Settling payments with bank cards is definitely a step in the right direction for the crypto echo system!

Good to see they have passed their KYC. The multi-tiered service offering is interesting and also interesting to see that have an existing relationship with banks and payment systems.

MVP in place and diverse team from around the globe

It's not a new idea, but the financial plan and ROI design are well designed. Public opinion wants a more consistent operation than weird ideas.
Partnerships with VISA, Master, etc. are still unclear, but they will accelerate if this agreement is concluded. Licensing as an all-in-one solution from Crypto and FIAT will also accelerate them.
It is in the process of consideration now. But they should be the first company if they do this with their own consistency.
If you are thinking of advancing Japan to the market, I would like to correct Japanese.

*******
They did it!

Released a product with necessary functions.
They integrated automatic sending of PXP tokens when purchasing to our wallet so that PointPay customers don't need to use MyEtherWallet and MetaMask for holding the funds.

PointPay is a turning point at banking system to the new digital level. It's fundamentally new product with 3 major services: Crypto Bank, Crypto Exchange and Crypto Wallet. This fully looped ecosystem opens new era of blockchain-based banking ecosystem at all. Very hard work has already done: negotiations with 50 banks and payment systems, huge amount of lawyers and license agencies, signed contracts and agreed crowdfunding campaign. To be frank, idea is not new or unique, but project achieved perfect results: team has enhanced from 5 to 30 people, already launched beta versions for 4 products, vast amount of community among various multilingual chats... moreover we clear see that team management operates in right and very productive way.
To cut long story short...
Welcome to the future!

Liked the team; some of them are solid developers and chiefs have domain expertises.
Whitepaper is nicely laid-out and contains detailed concept information - technical whitepaper is great as well. Nice way to separate business and technical info.
MVP link here is broken - please correct it. I have seen it on poitpay.eu - looks good.
There are already many exchanges so it will not be easy to survive but genuine exchanges with great ideas and team still have lots of chance to shine in no-time.
Good luck Team.

→ Blockchain Advantage - ✅❤️
→ White Paper - ✅❤️
→ Team Composition - ✅
→ Token Economics - ✅
→ Business Model - ⛔️
→ Social Media Presence - ✅
→ Collaborations & partnerships - ⛔️
→ Fund Allocation - ✅
→ Legal Loopholes - ✅❤️
→ MVP/ DApp/ Working Product  - ✅

Advantage -
Blockchain and Crypto are at the heart of business model and an integral part of it.
Clear and concise WP- one of the most comprehensive and yet easy to read WP, I have seen in recent past
Diverse and experienced team with multiple Advisors onboard with Blockchain and Non-Blockchain Related..
They have given a good thought behind the implementation process which reflects in obtaining all the necessary licences before beginning of operations. The roadmap too is quite clear.
Working Exchange is available, which is more than what other projects have.

Disadvantage -
They want to bring currency exchange rates upto 2%, whereas some OTC and exchanges have it at the rate of 1-1.5%. No competitive advantage in that regard.
350 Tx/sec is a bit on the lower side for an exchange; atleast a few thousand is the bare minimum.
The financial planning especially consulting and brokerage has been estimated to grow at 150X+ or more. Although, spending on customer acquisition has been adjusted accordingly but the numbers just don’t seem to add up. They should include some basis behind their calculation based on per capita profit from their users.
Collaboration & partnership section is grossly lacking especially KYC+AML or Legal Partner.

Suggestion -
If possible include the region of focus for customer acquisition and also breakdown the per capita profit from each customer for easier understanding of the viability and growth stats.

Comment from Team - "As for the KYC/AML - it will be provided by a third party partner when the customers work with fiat funds. We have reached the agreement with such partner(-s) already. It's more about legal but our legal counsel has done great job on it."

You can find my ratings methodology here- https://medium.com/@krishnenduchatterjee/ico-evaluation-investing-a-vc-perspective-for-investment-over-greedy-short-term-returns-433f6f9e13d8

I think this project is based on the functions that were not sufficient for the payment platform, such as payment by points, conversion, and storage.
They have resources that have not been available for similar projects that have been in place.
I wish them success.

The idea of this project is not new, as a one stop solution, aimed at the massive adoption of crypto assets; wrapped within a project being fueled by it's own token.
None of the previous project succeeded, as it was just a combination of time, regulatory framework, adoption patterns and usability.
Not sure if this is also the right time, as there are a lot of moving parts within the current ecosystem.
Starting and focusing on the payment tool and wallet security could seem the right track.
Wish them best of luck!

The team looks very strong, very good background, many software developer, which I consider to be an essential point, which many other ICOs do not have. Too many ICOs today have many managers but few real "manufacturers".
The vision is really good I like the idea, Blockchain is really useful for this service.
The product is now very clear, the project is progressing very fast. Good news.

Even though PointPay does not have a new idea and we can see many other similar projects out there, we cannot deny their potential. They have provided an already working MVP, which I have tested and it looks really good. Their ecosystem will provide working products that on the long term are sustainable. Their token is an utility token that will power the entire ecosystem and this is another sustainable sign. Their CEO has a lot of experience in the crypto field and has the abilities needed for this project to succeed and he also passed the KYC.

I've seen many individual projects that provided one or two products, either an exchange and a wallet, or a wallet and a crypto bank, but it is rare to see all three of them in the same place. Their MVP is looking good and I am impressed that they have managed to put together a working demo at such an early stage. Their team have passed the KYC which for me is another good sign. Their soft cap is realistic for building these three products and providing a proper marketing for them and they are only distributing 50% of their utility tokens, which means they are having future plans with this project. Until now, from what information they have provided, I can say that I have seen positive signs for the healthy evolution of this project.

>PointPay has business contacts with more than 50 banks and 25 payment systems, as well as 20 lawyers who deal with issues of licensing cryptobbusiness.

I think it's really great to be able to do this.
It is very difficult to build these connections.
It requires a lot of effort.
The team that can do this is really good.

We also have a foundation for the product, so I think there is a high possibility that the plan will be realized.

Team: Despite the fact that the team is mostly from CIS countries,they are quite experienced in payments industry; therefore, they know how to launch PSPs, Cards, etc... The same practices have to be implemented for crypto space.

Vision: VIsion is not new by any meaning. There were and there are many attempts to create something similar, but there are no significant leader which would have already the fully working infrastructure.
Though, I have some doubts about the roadmap e.g. Crypto banking can be created much faster (not in 2 years)

Product: It is tested on main-net at the moment. Now I give good grade, but I will adjust it, in case I will see some problems

Point pay is a bringing Crypto Bank, Exchange and Wallet together on a single platform so i found that idea is very impressive Team looks very experience and expert in their area
KYC IS AVAILABLE
MVP IS AVAILABLE
Good luck team

I like the vision and certainly a great use case in with the current crypto state.

Team is strong and have extensive experience when entering in the transaction

Look forward to see the progress. Good luck team.

Crypto exchange with crypto bank and multi currency wallet , 3 services on one platform thats definitely one stop solution by point pay team.

MVP, good team and well drafted plan clearly shows project future and dedication, will be following this.

After reviewing the updates on project. Changing the rating with their updates:

------
UPDATE as on 2nd Feb 2020

- They launched PointPay Crypto Bank with checking and savings accounts based on daily compound interest financial model for BTC, ETH and PXP. Higher yields for PXP token holders available
- They integrated a payment gateway enabling their customers to buy and sell crypto with their bank cards for USD, RUB, and UAH.
- They also integrated PXP token into PointPay Crypto Exchange to earn higher discounts for trade deals

Previous review----------------------------

Overall nice managed project . Pointpay Crypto exchange is ready. Cryptobank product draft version is ready, still to get it on MVP, hope to see soon. CEO Andrey seems to be serious for this project as I had words with him while reviewing this project again on bench.

- Team is strong, wherein all the members look seem competent and capable of building and taking the project in the right direction.

- Vision : Differentiation is the key here. How are you going to be different from the crowd of already available exchanges available in the market? There are several competitors but there is room for more than one project of this kind.


- Product : Well written whitepaper and solid team behind it that can make it happen but absence of MVP raises doubt amongst the investor community. And especially when there is so much gloomy environment, an active product in place can be a real win-win.

Although the industry is competitive, the team seems passionate and works hard on their project and product development. We can note a lot of relevant competitive advantages that would greatly improve this sector of activity.
MVP developed and functional. This project greatly attracts my curiosity.

I have personally done some research for the team. I must say this is one of the strongest team I have seen with this level of the project.

Though the idea is not unique, I still believe that with the experience they will be able to beat the market and be the leading one in the domain.

Good Luck Team PointPay!

Review updated after detailed discussion with team. Happy to see dedication of team towards execution. All the best.


Previous review: PointPay offers nothing very extraordinary but something which is of utmost necessity. Whitepaper is comprehensive and covers almost all aspects of business. KYC is done already. Team is adequately equipped with knowledge and experience to achieve the goals as per vision. Roadmap thoughts too long and surely can be curtailed. But licensing is hard nut to crack so it does takes time. I am sure team has factored same into roadmap.

Crypto banking is long road ahead provided the current regulatory scenario and international organisation's status quo. FATF and SEC needs to be tackled in compliance which is tough task ahead. I see a grim line of differentiation of your token being recognised as security or utility token. Would like to know and discuss more about same with a team member. Please contact. Also, I am unable to access MVP. would like to know more about it.

All the best. Looking forward for great execution.

Team: Team is quite energetic and going with different ideas how to compete the market. While i have seen their progress on their social networks. Would be glad to meet in upcoming blockchain event.

Vision: As i have mentioned about the team. Their new concept and idea in a market is very unique.

Product: I have seen the product. But their is a small bug which need to be fix. It is found in refresh on entire page. I would love to suggest them USE JQUERY AJAX to rid from this problem. Because i know that exchange is completely made on PHP and JQUERY

PointPay is starting the development of all-in-one cryptocurrency ecosystem, which will provide the ultimate convenience for our customers in accessing all cryptocurrency-related services within one platform. We plan to launch an extended version of PointPay Multi-currency Wallet, extended version of PointPay Crypto Exchange platform and a fully licensed PointPay Crypto Bank. Several companies announced their plans to implement similar vision, but none of them were able to fully execute on it so far

Team
Working in the finance industry form more than five years with technical figures to deliver the product planned.

Product
Product is still at MVP phase, however the team understands correctly the needs, view, development of a platform in the finance industry: a 5 is given in the product scope to reflect the trust I have in the PointPay team to deliver the product designed. I hope my trust will display itself to be well founded in the future of this project.

Business Strategy
Good view of the necessities of the finance industry and long-term business strategies planned.

Resilience
Good choice of advisors working from long time in the finance industry.


Disclaimer: this review is not a financial advice nor an invite to invest in this project: readers are always invited to make their own analysis before investing time/money in any virtual currency project. Cryptocurrencies are an high risk investment, always perform your due diligence.

KYC - passed
Team - very good
Advisors - amazing
WP - well structured, easily understandable
MVP - professional

This seems to be an ongoing project, working since 2018, incorporated in the UK.

The team is building a closed-loop cryptocurrency ecosystem and has released their first wallet already.

Compared to other projects, they seem to have some big shots in their team. Quite impressive.

I cannot find a single thing wrong with this project.

Full stars!

The idea is not new. But in our market today it’s not just about ideas it is about execution. Great team with great potential. It’s my belief that based on my research of the team the project and current market conditions that this has real potential. For me the key will be their ability to maintain commitment to their timelines and milestones.

PointPay is going to change the way crypto are traded and exchanged. It is creating a fundamentally new product that combines three services in a single closed-loop ecosystem: PointPay Crypto Bank, PointPay Crypto Exchange platform and PointPay Multi-currency Wallet. This model will bring overall efficiency in crypto trading and exchange and provide an overall edge to the customers across the world.

- A very diverse international team.
- Realistic financial figures, a company that does not expect to earn money in the first year because it is aware that this will be done a long term perspective.
- A significant part of the funds allocated to development, which is essential.
- A minimum of low investment which allows the beginner to familiarize himself with the concept.

Looking forward for your product!

The concept of PointPay is very interesting.
Building an eco-system from all sides of the financial sector.

They have a strong team of over 30 people behind them including 10 developers working for them.
The tokenomics are good, 500m tokens @0.10$.

The Wallet is not something new, but can be important to build an eco-system and storing user assets. (Seem to be live)
Their wallet accepts fiat deposits & withdrawals.

The exchange is also not a new product, but again an important product to offer to their eco-system. Users already using their products can benefit from the discounts, margin trading.
Something that can create a lot of value for PointPay is the tokenization of stocks, bonds ect.
This technology is still new and being one of the first companies to successfully release a working platform could benefit.

The bank industry is a hard market to compete with. But releasing successful products with fiat to crypto-crypto to fiat could create a great business model.
Another strong point is the release of credit/debit cards with crypto functionalities.
Something I see the future using, not necessarily using crypto as a currency but as a bridge between transfers.

Their online payment system would complement their eco-system as a whole. Merchants could connect easily for day-to-day transactions.

Conclusion:
I believe this project can do great things if the people behind it make the correct decisions.
Good marketing and a good sales team can bring this project to new heights.

Pointpay is an up and coming One Stop & Seamless Crypto-exchange/wallet/digital-currency bank with a ready MVP prototype.

The full suite of services the platform with its strong network with the banking institutions will provide will serve to alleviate the sore lack of Fiat-to-Crypto liquidity that exists in the current cryptocurency ecosystem.

They have a strong, large, diversified and competent team from Full Stack Developers to which greatly contributes to the potential of the project's growth and ability to scale beyond what most exchanges have been able to accomplish.
The team's increasing expansion also shows a strong commitment to the product at hand.

Dear ICOBench community,


Please note that before reviewing this project & ICO/IEO, I conducted my own DD : team background, competitors, project history, various analysis and KPIs, growth potential and a lot more factors.


Here are the results of this analysis :

- Team : The team is really strong, all the members look professional and the advisors seem competent and capable of pointing the project in the right direction. They are all linked to the project on Linkedin which is reassuring for investors.

This is definitely worth a 5/5 for the team.

- Vision : There are already a lot of exchanges and multi currency wallets but none is combined with a crypto bank yet. There is a real need for a fully functional and safe crypto bank in the industry and the vision to combine it with an exchange is definitely a solid idea. There are several competitors but there is room for more than one project of this kind.

For these reasons, I give a 5/5 for the vision.

- Product : Realistic softcap, well written & clear whitepaper and solid team behind it to make it happen. A working exchange and wallet : the project is keeping its promises to far which is a really good sign, months after the start of the ICO campaign. I have a lot of hopes for this project.

Therefore, I give a 5/5 for the product.


I invite investors to conduct their own DD before investing time / money on any project.