Trade Pharma Network (PreICO)

CEO's LinkedIn profile located at https://www.linkedin.com/in/tylersainkoudje

He listed himself as ICO/STO Expert with ICObench and his profile is located at https://icobench.com/u/dr-sainkoudje

But he has not rated a single project!

Willing to revise rating if team responds.

All the best!

A lot to improvement space.

Team is weak: Need to enrich more team member or the project execution.

Vision is good: But I didn't find any attraction point of using blockchain technology.

Product is weak: It's too generic which only highlight AI (search) and blockchain (smart contract). What make this project win over other competitors?

a) The partnership are almost exclusively with the companies owned by the CEO - like TESLA DUO. Then there are weird partnerships done with Ethereum, I suspect it's nothing more that the use of the smart contract itself.
b) In the team, besides the bounty manager that I suspect has no real role in the decision making process, there are only the CEO and his wife.
c) The token metric sum is 102% and there's no clear token allocation, there is not a MENTION about the vesting period for the advisors.
d) the light paper is not clear. It looks like a puzzle of different things and there is at this time NO white paper at our disposal to examine.
e) there's has been a lot of movement of advisors "hired" and "fired" and in the team, the bounty manager had disappeared from icobench trade pharma network page at a certain point to return mysteriously in the team some days later.
f) there's an other page on icobench linked to an other ICO, with the same CEO and same subject and a slightly different name. An aborted ICO with inexistent telegram group.

The token metric ???? They change the laws of math (the sum is 102%)

The light paper is confused and not clear, with a bunch of things not linked (AI, charity, IoT, exchange). It had also a lot of corrupted links to another ico what the ??????

Is this project even legit so many red flags !!!!!!!

This is a 2nd **Dual-Review** [PART-A by Brunhild and PART-B by myself].

[PART A] Brunhild's review:

1. The team is composed by ceo and his wife

2. The partnership are most of all with other companies the ceo runs (celerswap tesla duo and others)

3. The token metric is not clear (the sum is 102%) and also in the advisor agreement there is no mention to vesting period

4.The light paper is confused and not clear, with a bunch of things not linked (AI, charity, IoT, exchange). It had also a lot of corrupted links to another ico (probably a scam itself)

Since i think it is a total scam i would give them a 1 1 1
T= the team is non existent as it is composed by the ceo and his wife. There is also the bounty manager listed but he has no power
V= the vision is totally confused, the project is a bunch of stuff not clearly linked between them
P= it is not existent and there are no devs in charge to deliver it.
For these reasons I think they have no intention to develop anything

[PART B] My review & list of questions:

C1. The official Telegram chat group created on 7 July 2018 has 970 members (as at 3 Aug 2018): https://t.me/TradePharmaNetwork
This is a selected extracts of postings:
.....07.07.2018 03:09:52, Tyler ?????? [@Ty_Sainkoudje]: >>upgraded the group to a supergroup<<
07.07.2018 07:50:54, Marie [@Marie_Mendez]: [[Webpage]]https://www.nasdaq.com/article/tatatu-hosts-the-worlds-third-largest-ico-earns-over-500-million-cm984527
07.07.2018 07:55:41, Tyler ?????? [@Ty_Sainkoudje]: [[Webpage]]https://bitcoinist.com/malta-blockchain-bill-law-legal/
.....07.07.2018 17:09:47, Debabrata Samal [@devsamal84]: >>unsupported service message type: messageActionChatJoinedByLink<<
.....07.07.2018 17:09:49, Yaroslav Yaroslav [@LectorProctor]: >>unsupported service message type: messageActionChatJoinedByLink<<
.....07.07.2018 17:10:25, nostradamus [@nostradamus16]: >>unsupported service message type: messageActionChatJoinedByLink<<
.....07.07.2018 17:16:36, @pranimbo [@Pranimbo]: >>unsupported service message type: messageActionChatJoinedByLink<<
.....07.07.2018 17:23:43, bilbilon| https://wppenergy.io [@bilbilon]: >>unsupported service message type: messageActionChatJoinedByLink<<
.....07.07.2018 17:26:55, Shi Bob [@Shibob89]: >>unsupported service message type: messageActionChatJoinedByLink<<
:
:
07.07.2018 19:07:22, Marie [@Marie_Mendez]: [[Webpage]]?? PLEASE HAVE A LOOK AT THIS FIRST! ??
Welcome, all new members! ???????? and BIG THANKS to EACH & ALL of you for joining us! ????????
????? Trade Pharma Network Bounty Campaign is LIVE:
?? https://bitcointalk.org/index.php?topic=4616376.0
?????? Our LIGHTPAPER is out and is out. Here is the link to it:
https://www.tradepharma.network/lightpaper
??Please check it out! The WHITEPAPER will follow soon.??????
???? Our private sale has not started yet. We don’t have any Private Sale accurate details available for you now. Our team is mainly focusing on building our technology as well as the launch of this superbe ICO.
???? The best way to get the most up-to-date information is to join our ANNOUNCEMENT CHANNEL and subscribe to our website. So stay tuned!
?Official Website ??https://www.tradepharma.network
?Announcement Channel ??https://t.me/TradePharmaNetwork
????Want more info about Trade Pharma Network? Please check our Marketing Website (ICO Website under construction):
?? https://www.tradepharma.network/
:
:
:"

C2: What is your smart contact address?

C3: Trade Pharma Network (TPN) is operating under which company - would appreciate if you could share with us (a) name of the company, (b) company website, (c) company registration number, (d) office address so that I can visit you, (e) date of registration, and (f) country of incorporation.

C4. Who are the company directors of TPN?

C5: What is the token lockup/vesting period for the team members?

C6: What is the token lockup/vesting period for the advisors?

C7. What are the roles of each of your advisors and who among them is in your Telegram community?

C8: What's your github address?

C9. Any MVP to show?

C10. When will the full whitepaper be ready?

C11. What is the difference between this ICO and the other one at: https://icobench.com/ico/pharmaparalleltrade

C12. I will revise my ratings after receiving further responses to above comments & questions from Brunhild as well as mine.

For your reply, pls use this notation, R1 for C1, R2 for C2, ..., R11 for C11.

My rating is T=1 V=1 P=1.

*****

For the Dual-Review: The average rating is therefore T=1, V=1, P=1.

I dont know what this project want to achieve. Its totally overloaded with words which makes no sense. The website and video looks very cheap and the team doesnt mention on LinkedIn that they participate on this project.
If they would realize what they want to achieve it would take years to get so far, but like I said, it makes no sense the whole concept.

Team is very small. The adress is Brussels isn't from an office, it looks like an shabby appartment building. The partnerships are from the founders own companies, and a partnership with Ethereum and amazon : PROOF PLEASE. very low community activity

The trade Pharma Network team consist of the CEO and his wife in addition to two other members. Ahmad and Meirav, neither of which have any information about their affiliation to the network or TXP in their LinkedIn profiles. There are more advisor than team members and none of them have any blockchain development experience. 1 out of 5 for the team.

The vision is very blurry, the light paper is vague and filled with blockchain jargon that often makes little sense in its context. Some of the other reviews mentioned that the Token distribution in the video adds up to 102%, it has been updated on the website lightpaper. So this is not an issue any longer, however I would like to point to something else concerning the token distribution.

According to the lightpaper and video, 35% of the tokens are allocated to the Growth pool, operations, Marketing, and the Team. Shortly after, they allocate an additional 15% to the team. Another 25% are "held by TXP" and only 23% are actually allocated to the development and marketing of the platform. Of which another 45% are allocated to the Trade Pharma Network core team, R&D & Operations. In one way or another, the team has allocated nearly 60% of the tokens to themselves and operations with an additional 25% "being held by TXP".

No whitepaper is available at the time of this writing. No MVP, no design or UI mockup, nothing is available concerning the product of platform at the time fo this writing. 1 out of 5 for the vision and the product.

I would rate this project 0 out of 5 on all three categories if such a rating were possible. It is clear that the team has no idea what they are doing and are trying to dupe amateur investors with technical jargon.