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Ratings Swinca

Real-Estate Finance Revolution

Swinca is a platform offering the opportunity to instantly invest in real estate. Allowing anyone to become a multi-properties owner. By tokenizing real estate assets located worldwide, Swinca allows anyone to create and manage their own portfolios by investing in the properties desired. Investors receive their monthly income rent, and capital gain instantly. Properties are tokenized on blockchain. Swinca platform is easy to use, instant and require no minimum of investment. Once investors allocate their investments to specific properties, they automatically receive their respective income rent and capital gain without the hurdle of managing anything.

3.8
3 2 expert ratings
Benchy 4.0
KYC
Experts
4.1
3.6
3.1
Review: coming soon PRO
~$5,325,000
value of tokens sold in ICO
Ended
Token
SWI
Type
Price in preICO
1 SWI = 0.3 USD
Price in ICO
0.6000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
preICO start
26th Nov 2018
preICO end
25th Jan 2019
ICO start
1st Feb 2019
ICO end
31st Mar 2019
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 Nov 26, 2018
Modified on Nov 28, 2018
5
4
4
25%

Key founders did not complete the KYC process. Serious flag and warrants remedial action.

Softcap of US$10 million in today’s bear market is going to be challenging to meet.

If the team responds, I will be willing to improve the rating after KYC passed.

All the best!
~~~~~~~~

alain
ICO team member replied on 27 Nov 2018
>the team is so busy by the project SWINCA that have not take time to complete the 3 days allowed for KYC,
Now done.

>as a startup we need to work smarter and harder,
But we already have some ideas in progress.
~~~~~~~~

Congratulations for passing the KYC.

Please share your ideas of improving the soft cap target?

All the best!

+1Agree
-1
-2Disagree
Report
Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on Nov 22, 2018
Modified on Nov 22, 2018
3
3
2
19%

White paper - The white paper is quite complete in problem definition and solution aspect but lacks a few specifics. A clear outline about the advantages of investing in this project. It also talks about the maintaining of liquidity of the coins including additional discounts for token lock-in. But fails to explain why 50% tokens allocated for masternode and pools. The white paper has almost all details for investors to make an informed decision.

Team - The KYC is incomplete. The team members and advisors are suitable but nothing spectacular. They have full time team (10 members) working on this - (Please provide complete details of team members).

Tokenomics - The tokenomics is a bit weird. They have 50% tokens for masternode and pools which is not explained well... They have extra discount for token lock-in. They have pre-ICO value of 0.1US$ and value for investors in ICO as 0.6 US$ - a big rip-off for later investors. They do not burn tokens but keep it vested for long term. They have 60% for buying properties, 15% as reserve and 25% as operational cost; operational cost is a bit high but can be justified if they have proper documentation to support it.

Business Model - The business model is quite clear with examples.

MVP/ DApp/ Working Product  - They have working MVP.

Note - Jurisdication in Estonia, working in Switzerland and overseas banking in Mauritius.

Agree
0
Disagree
Report
alainICO team member replied on 27 Nov 2018
Thanks for your questions.

>Concerning the 50% coins allocated for masternode and pools:
As written in the whitepaper:
Bitcoin mining network now consumes more electricity than 159 countries of the world.
Ethereum energy consumption is more than the entire island of Cyprus, as well as Cambodia and Brunei, according to reports (cointelegraph)
The Ethereum network prepares to transfer from Proof-of-Work to Proof-of-stake model casper.
For 2019 SWINCA believe in a better and more green decentralized POS network, That's why SWINCA will retribute Masternode and Pools for maintain this open network.


>The team is so busy by the project SWINCA that have not take time to complete the 3 days allowed for KYC, now rectified.

>In our team
You can talk with Sebastien and Francois, cofounders of Monoeci, a blockchain service in the country Monaco where you can use crypto daily, thanks to their 2000 masternodes network.
they are in charge for the Blockchain part.

You can talk with Ahmed, coFounder of PCSMastercard Awarded at Prepaid365 "Best International Debit Card",
He is in charge for Banking Part.

I invite you to check our website for the rest of the Team,
you can click on each members details.


>SWI price 0.1 to 0.6 why
SWINCA serve early adopter who believe and support the project.
Because they take risks like all of us who had invest in cryptos when price was very low.

>Jurisdiction country
Switzerland working platform
Estonia Banking licence platform
Mauritius Real-Estate Fund

I hope it clarify more your questions.
Benchy
ICO analyzer bot
4.0
56%

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
Jerome Lopez
Passed
Alain Phoumalavong
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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