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Ratings Securix

Next Generation of Mining

Securix is an operationally ready cryptocurrency mining solution. The company is committed to simplifying investment in cryptocurrency through its innovative asset-backed SRXIO token, environmentally conscious power generation, and easy-to-use Mega Vault Wallet app. Securix’s mining operation will be located in an old sugar factory in the Netherlands. This site was specifically selected based on four core requirements: strategic placement, safety, security, and scalability. The factory is over 10,500 square feet, 3 stories high, and large enough to house 24,000 mining units. With all of this infrastructure, Securix will be able to mine up to 24.5 Bitcoin on a daily basis.

4.0
20 19 expert ratings
Benchy 4.0
KYC
Experts
4.1
4.0
4.0
Review: coming soon PRO
~$5,000,000
value of tokens sold in ICO
Ended
Token
SRXIO
Type
Price in ICO
1.0000 USD
Whitelist/KYC
KYC & Whitelist
preICO start
4th Aug 2018
preICO end
26th Sep 2018
ICO start
27th Sep 2018
ICO end
31st Dec 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
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Aug 20, 2018
4
4
4
7%

"Our calculations are based on a realistic annual average BTC price of USD 10,000. If we base our calculations on this rate, our token holders can expect a 137% return* on their investment – even if the average price is USD 5,000 over a year."

Please elaborate how you arrive at the BTC pricing assumption as well as formulae for determining 137% return?

+3Agree
+1
-2Disagree
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Ong Jun Hao
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | Consulted 20+ ICOs | Marketing Expert
Rated on Sep 30, 2018
3
3
3
7%

"Our calculations are based on a realistic annual average BTC price of USD 10,000. If we base our calculations on this rate, our token holders can expect a 137% return* on their investment – even if the average price is USD 5,000 over a year. You could still receive up to a 44% return on your investment.* That is a lot more than you could ever earn from a savings account at your bank."

This is a very strong statement. I think theres a need to factor in like amortisation of equipments etc as well and manpower costs over time and potential replacement of equipment. It would make sense if its a security token, not really utility token in my opinion.. But thats just my 2cents.

+1Agree
-2
-3Disagree
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Miruna-Maura Barbulescu
Entrepreneur, Author, Journalist, Trainer, Influencer, Crypto Expert, Twitch Streamer and Marketing Specialist.
Rated on Nov 3, 2018
5
5
5
6%

Team has 9 members. Greatly recommended to enhance your team for the success of this project.
MVP link is broken. Please fix it if you indeed, have an MVP.

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0
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Krutesh Shah
Enterprenuer | CEO | ICO Advisor |Investor | Blockchain Enthusiastic | Public Speaker
Rated on Sep 11, 2018
5
4
4
6%

Team is good. Vision is great. Mining will be always there because of bitcoin and etheruem popularity. Project is ambitious. MVP link is not working. White paper and token economics is good. Best of luck team.

+1Agree
0
-1Disagree
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Paresh Masani
Engineer
Rated on Aug 25, 2018
Modified on Aug 26, 2018
3
3
3
6%

Good business team. Technology team is totally missing though - there's absolutely nothing on their Github! Apart from the way energy generated, there were similar concept in the past which failed totally after the ICO; and couldn't keep up to the market. MVP link doesn't work! Will be happy to amend rating after heard from the team.

[Update] Thanks Damian for detailed explanation on the LinkedIn. I can definitely see you guys doing something different which I already considered in terms of energy and tokenised mining. My main concern is your technology team - it's very difficult for Investors to believe team will be able to keep up the promise and deliver; and do not run away after the ICO as all previous mining ICO did! I have no doubt about your concept but you need to do something strong and innovative technology wise so Investors and Experts can believe.

+2Agree
-2
-4Disagree
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Suzat Fernandes
CFO & Co-Founder
Rated on Aug 29, 2018
4
4
4
6%

Strong team with good working knowledge of business. The vision is ambitious which is a good thing. The team will need additional resources for PR, marketing and advertising for the project. The volatile nature of Bitcoin can severely affect the project performance.

+6Agree
+6
Disagree
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Tinh Tran
ICO Advisor | ICO Communications Expert
Rated on Aug 20, 2018
4
5
4
5%

I must say that this project is very ambitious and I am not sure if the team can implement it or as some positions lack which is important including community enagement, business development, PR, marketing and communications. This should be improved.

The vision is good but I am concerned about the distance between softcap and hardcap which is $52mln. What happens if the softcap is reached by the end of the tokensale? Will you guys extend the sale to reach hardcap?

MVP link is dead so I could not review this aspect at all. Good luck to the project!

+3Agree
-3
-6Disagree
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Jan Schets
ICO advisor | CIO | Blockchain Consultant | Early Crypto Investor
Rated on Aug 22, 2018
4
4
4
5%

Great team, good idea and vision, and a company that is already operational and making profits.

The fact that the energy is bought through a p2p model excites me tremendously.

The only major risk I see is the volatility of the BTC price, but this has been an issue with all mining companies.

Maybe diversification into different coins might alleviate some of these concerns.

+3Agree
+3
Disagree
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Andrei Popescu
Co-Founder of COSS.IO & SCX Holdings and Seasoned Blockchain/FinTech Start-Ups Investor/Advisor
Rated on Sep 30, 2018
4
3
3
5%

The project is interesting and has a strong team behind it. I like the idea and the whole ecosystem that it creates. My main advise is to take out the return on investments part. Claiming those % is a very dangerous path that everyone should avoid. Instead of making this type of statements, present a Financial Plan/Statement with projections and scenarios.

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Simon Zenios
Lawyer & Director at Simon Zenios & Co LLC | Blockchain Legal Advisor | ICO | Law & Security Instructor at SGT
Rated on Oct 3, 2018
4
4
4
5%

Great team, good quality profiles with strong knowledge in the business field. The team needs to work really hard for this to be successful and bring ROI to potential future investors. The main problem here is the price of Bitcoin that's always on a high and low. The volatility of the market won't help much and that's something that their technical team will need to consider and deliver to it's audience.

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0
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Boris Otonicar
Blockchain Consultant; Scrum Master,CBP
Rated on Oct 10, 2018
Modified on Oct 10, 2018
4
3
5
5%

I dont know if mining is a future business. The ressources which is needed for mining will be probably prohibited in future, because its possible to mine coins with other consensus like proof of stake. I mean, we burn so much energy for something which could be done different. A lot of companies promised such ROI and when the price of BTC dropped down nobody of them make profit anymore or they disappeared. And I dont know why you use your own coin? It makes your business just more complex as it should be. In my opinion its a nonsense model.
Revision:
I had a conversation with Damian Strauss from Securix and he explained me in detail the project. So they are already mining and have a working product, so I changed the product rating from 3 to 5. Thank you Mr. Strauss for answering my review.

+1Agree
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SecurixICO team member replied on 10 Oct 2018
Yes, we had a very constructive conversation about Securix and their offering. We'd like to thank Boris for adjusting the review!

The Securix Team
Liliana-Delia Trocan
Journalist, PR, Business Woman and Crypto Enthusiast
Rated on Nov 4, 2018
5
5
5
4%

The project looks good and I liked their concept. Their idea looks pretty good and their vision seems strong enough to make a difference. Good luck guys!

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0
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Alena Narinyani
Journalist, Editor in Chief cryptoconsulting.info
Rated on Aug 27, 2018
Modified on Aug 27, 2018
5
5
5
4%

SECURIX is a company which uses the blockchain. I think it is interesting and perspective project. People, who says that mining has died or will soon die - are not right, if there is no mining - the market of crypto currency and bitcoin will be stopped. Securix has invented a new system a token driven mining system and everybody can benefit from this, no contracts anymore.

SECURIX team have a product and not a software solution which has to be made. At this project we can find modern tech solution, good project, thoughtful project, a competent team, behind the back there is experience.

+2Agree
+2
Disagree
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Jayesh Trivedi
Crypto Exchanger
Rated on Nov 12, 2018
3
5
4
3%

Team needs some more research on technical fundamentals. The forecast calculation as some team members already mentioned needs more base explanation. BTW, I checked the ROI calculator and it is bit informative though.

The vision is really good and promising to the investors. Need to see how long they will go!

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0
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Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Sep 11, 2018
Modified on Sep 12, 2018
4
5
4
3%

This is a very ambitious project but if the team can pull it off successfully, the ROI will be huge for investors. Though the team is experienced and capable, they might need some more technical people.

Like Jan mentioned, the only major risk I see is the fluctuating price of BTC, but there is nothing much you can do about it.

Mining other profitable coins in the future will definitely help in alleviating this risk. I wish them all the best and look forward to see an MVP soon.

+1Agree
-1
-2Disagree
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Timothy Rainer
Entrepreneur, Blockchain Evangelist, CEO, Fintech Business Advisor
Rated on Oct 2, 2018
5
4
4
2%

The team is great but a bit too ambitious right now as many projects alike have not brought the calculated figures this company has.

That being said, who knows how the market will evolve by the time this is in full swing.

Vision though, is very positive and if they do pull this off, can make a great roi for anyone involved.

I wish the team and company much luck and success.

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SecurixICO team member replied on 15 Oct 2018
Dear Timothy,

Thanks for your kind words and your time to draft up an review about Securix.

Kind regards

The Securix Team
Anthony Manfre
Founder TOTS
Rated on Oct 10, 2018
Modified on Feb 19, 2019
3
3
3
2%

Disclaimer: Rating and or commentary provided represents my own personal view and is not to be relied upon as advice. I am not a financial advisor nor am I registered in any jurisdiction with any financial services regulator. I provide no recommendations that any offering should be bought, sold or held. Before making financial decisions please undertake your own due diligence and consult a financial advisor.

Agree
-1
-1Disagree
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Robert Tjan
Cryptocurrency Enthusiast
Rated on Sep 15, 2018
4
4
4
1%

Seeing how they’re already running, this is a great idea for people who want to mine but don’t want to deal with the troubles of running a rig. With so many pool mining groups turned scam, it will take a lot of transparency for the community to gain trust. Overall, it’s nice to see mining being decentralized. I’d love to see the operation the next time I’m in the area.

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0
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Ravi Ramharak
TBD
Rated on Sep 22, 2018
5
4
4
1%

Great group of guys - They actually care about helping people get into mining and get a return - they also show the fact that mining isn't that profitable but it still makes money when done right. I believe they will pull of the project and provide good long term returns based on the model of smaller payouts and constant reinvestment. They can definitely use some stronger mining guys on team but that problem can be solved on funding. Good Luck Guys!

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0
Disagree
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Benchy
ICO analyzer bot
4.0
16%

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
Jacobus Donkersloot
Passed
Damian Strauss
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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