stableDEX

StableDex looks like a promising project overall. The vision is clear and the team has a solid banking/finance background. I have chatted with the CTO and he has assured me that they will be expanding the team and will also be bringing on more advisors. According to him the KYC for ICObench has been completed but just not updated yet. Should the KYC fail for whatever reason they I will downgrade my rating accordingly.

StableDEX sounds interesting by focusing on stable coins, however it’s not unique and there’s a lot of competition out there. The white paper is not impressive, merely 16 pages and doesn’t go much into detail. Tokenomics are not convincing and there are no financial projections, the roadmap gives the impression of wishful thinking. For these reasons, only 3 Stars

The product screenshot shows a decent user-interface but that’s just about it, no further details on how to gain traction in a meaningful way, therefore only 2 Stars.

A team of 4 (as per white paper) although experienced, is definitely insufficient and none of the team members have passed KYC, a big red flag. Also, no advisors to complement any shortcomings of the team, makes me wonder how they are going to execute and succeed. A disappointing 1 Star

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 : All the members are linked to the project on linkedin. However, the team is a bit thin for such a project in the long term. I believe it will be mandatory to recruit new team members as soon as the exchange is live (for support and maintenance).

This is nonetheless worth a 4/5 for the team.

- Vision : Decentralized exchanges are the future of cryptocurrency exchanges. The main goal of blockchain is to decentralized goods and services so what better than decentralized exchanges to buy and sell cryptos? However, DEX are not new so they will need to step up with innovative features in order to compete with the big DEX already existing.

For these reasons, I give a 4/5 for the vision.

- Product : Realistic softcap, credible roadmap and registered company. I wish the MVP would be out already but it should be released soon (Q3 according to the roadmap)

Therefore, I give a 4/5 for the product.


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

Following the written feedback by StableDex CEO and the assurances by its project Manager that the team will be strengthened and that the product will be our in Beta version for potential interested token buyers to actual it out, I made a rating review on 25 June 2019, leaving all below original text unchanged.
Team:
Developing, testing, marketing and exchange and get sufficient users to adopt such exchange with 5 people in the team, even if using 100% of a 3rd party exchange platform which exist quite a few is more then challenging. The WhitePaper does not specify if the backbone core technology of the exchange is fully in-house developed but seems a stretch to me. Adding the appropriate people to the team who believe in it before having raised funds are the kind of people you want, when all they can get is Tokens or Equity but not paid at all until enough future funds available.
VISION:
The crypto exchange segment is so crowded that my view is that there are way to many exchanges out there for the actual true market size, once excluding the wash trading. Having said that a new exchange that focusing on a beach that could become a big market in itself as trading stable coins could have in my view a real shot at becoming a trend setter and cream that market segment. So I like the vision but not sure the current team can pull this off without adding to that people who actually have setup companies before from scratch and took it to a trade sale or a public offering. But for having come with this vision is worth the benefit of the doubt.
PRODUCT
I am a firm believer of only finding in the millions of dollars or EUROs only to go to companies that actually already have a product and need the funds to hire missing team members and fund the growth of the user base but not to actually develop the product. To develop a product it requires a technical team only, no marketing, no telegram or social media staff, but simply and only engineers with a¡n exec visionary who have to put in their time & own resources and fund nothing or a small part of the actual R&D, which is in the hundred of thousands but not in the multiple millions. If the product however exists and was developed and owned by the team or when it will be ready then I´ll gladly change my rating to double as the vision is worth to at least test this market segment.

stableDEX will change the way the digital assets are kept by exchanges. stableDEX.io facilitate wallet to wallet transactions and thus do not hold user assets. You can trade crypto assets without having custody of your wallets. It's a great concept also for the asset manager they are not required to hold the assets of their client. Overall a great concept and need of the hour .

Team : I have given them a 4 because on Linkedin, it does not look like all of them are working full time on this project, which means that they need a few more people. Especially once the exchange is live, it would need more hands for support and the works.

Vision: Decentralised exchanges would be a major part of the crypto ecosystem because that is the way the tech cycle works. The vision is bankable - oh, the irony of this word, here- and for greater adoption of blockchain, stables coins provide a safe haven for the newbies and the seasoned alike.

Product - Looking forward to the platform going live and would revise my review, accordingly.