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Ratings Tradove B2BCoin

Find, Connect, Trade

Just as Facebook connects friends and LinkedIn connects professionals, the current TraDove platform connects business partners with its business social network. The next generation platform will utilize blockchain and AI driven social networking technologies to further shorten the corporate buyer & seller discovery cycle, enhance B2B transparency, expand user trust, and allow for company-to-company precision advertising. Additionally, BBCoin will provide a better payment instrument for international trade. We have been in business for 5 years and now have 250K corporate users worldwide. We are honored to announce that TraDove has raised $4M in equity investment.

4.3
24 23 expert ratings
Benchy 3.7
KYC
Experts
4.6
4.4
4.3
Review: coming soon PRO
~$52,000,000
value of tokens sold in ICO
Ended
Token
BBCoin
Type
Price in preICO
1 BBCoin = 0.12 USD
Price in ICO
0.1600 USD
Country
USA
preICO start
26th Oct 2017
preICO end
1st Feb 2018
ICO start
1st Feb 2018
ICO end
28th Feb 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
Igor Karavaev
Blockchain Enthusiast
Rated on Jan 5, 2018
5
5
5
7%

A promising project

+6Agree
+6
Disagree
Report
Hung Chih (Jason Hung)
Project optimization
Rated on Dec 30, 2017
5
5
5
7%

A very strong team and convincing work. They already get early investment and the pilot product is proved.

+10Agree
+9
-1Disagree
Report
Luca Cotta
Icodriver...expert launching ICOs, ICO Influencer, IT expert.
Rated on Jan 15, 2018
Modified on Mar 7, 2019
5
3
3
7%

Skilled team, 5y working platform, amazing business model.

Financial is ok, but hard cap is too big, ( my think ), but probably a skilled team like this have good possibility to do.

----

UPDATE**
I see too much red flag, I think is not a scam but now is a flag ico.

https://bitcointalk.org/index.php?topic=2716214.0

--- update 2

Since I believe this red flag is FAKE flag, after deep check.
I restore my old opinion

+8Agree
+7
-1Disagree
Report
Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Dec 30, 2017
5
5
5
6%

Great team ... Great product and much more .... best of luck for the team

+6Agree
+4
-2Disagree
Report
Tyler Sanford
Marketing | Campaign and Community Management
Rated on Feb 7, 2018
5
5
4
6%

TraDove is one of the top ICO's of 2018. With an already existing business model, they are poised to take the B2B industry by storm. They have an incredible team and advisory board that will help separate themselves and stay on the right path to success.

+2Agree
+2
Disagree
Report
James Sowers
Ico adviser
Rated on Feb 4, 2018
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
Purushotham Maralappa
Consulting Manager at Emurgo, Blockchain and Tokenization advisor
Rated on Feb 9, 2018
5
5
5
5%

Small service providers and startups always struggle to get in contact with big Industries, with this platform small business can express expertise with transparency. Platform for B2B is never ending business for revenue.

Agree
0
Disagree
Report
P.B. Stanton Esq.
Securities and Banking law | Former US Marine JAG Officer | Complete legal advisory
Rated on Dec 29, 2017
5
5
5
5%

Impressive team

+6Agree
+6
Disagree
Report
Sydney Ifergan
Marketing Advisor - ICO Advisor - ICO Consultant - Crypto and FX Consultant
Rated on Jan 30, 2018
5
5
5
5%

Strong team, very promising ! Good luck!

Agree
-1
-1Disagree
Report
Simon Waddington
Software engineer and advisor
Rated on Jan 17, 2019
3
2
2
4%

I looked into this for an associate who was thinking of working with them. So far I've found little of substance from their website.

The team looks average for an ICO/crypto project.

The vision is not revolutionary and the whitepaper doesn't really make any compelling case for why distribute ledger technology is a great fit here.

Thus far the product doesn't seem to be executing to their plan of over 1 million users by now. I find nothing to indicate there is any developer community, software, or tools out there.

Really I'm underwhelmed and this project seems strong on marketing and videos of names backing it, light on details and technology.

Agree
0
Disagree
Report
Henrique Centieiro
Blockchain ICO Project Manager
Rated on Feb 15, 2018
5
5
5
4%

TraDove have the potential to disrupt the market. Good team. Already have investors in.

Agree
0
Disagree
Report
Oliver Isaacs
Blockchain Investor, Influencer
Rated on Feb 9, 2018
4
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Abhijit Solanki
Founder, Whiteboard Venture Partners & HigherOrder.VC
Rated on Jan 3, 2018
4
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Joan Vallès
Wealth Manager and Advisor, Angel Investor
Rated on Feb 2, 2018
4
3
4
2%
This rating's weight is reduced by 50% as there is no review added.
Austin (Hyun sup) Chung
Co-Founder and CFO at ATFS
Rated on Jan 2, 2018
5
5
5
3%

Very impressive team and business model.

+4Agree
+4
Disagree
Report
Justin Looney
IT Specialist, ICO Researcher, Higher Education Project Manager, Adjunct Professor
Rated on Jan 11, 2018
5
5
4
3%

Couldn't ask for a better team. Solving a real world use case. Needs a viable working platform. Silicon Valley traditional approach of wanting too much money for hard cap.

+3Agree
+3
Disagree
Report
Ricardo Ruiz
Ricardo
Rated on Jan 16, 2018
4
3
4
2%
This rating's weight is reduced by 50% as there is no review added.
Kevin McSheehan

Rated on Jan 2, 2018
4
5
4
3%

Experienced and tested team. Solid platform with growth potential. Aims to solve a high-ceiling problem and employs a sensible use case for a blockchain token.

+3Agree
+3
Disagree
Report
Bonnie Normile
Business Development Manager
Rated on Dec 30, 2017
5
5
5
3%

Wonderful vision. Needed service on blockchain. Team’s credibility is superior.

+6Agree
+6
Disagree
Report
Lluis Saltó

Rated on Jan 8, 2018
4
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Farabi Shayor
Technology Researcher | Research Experience Lead | Blockchain Specialist
Rated on Feb 10, 2018
5
4
5
1%
This rating's weight is reduced by 50% as there is no review added.
Gabriel Llambias
CFO-COO, Trader
Rated on Mar 12, 2018
4
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Zaid Mahomedy
CTO @ Blockchain Advisory, Founder @ Immersive Authority
Rated on Feb 25, 2018
1
1
1
2%

I read the TraDove white paper and single-pager, browsed through the ICO site, and created 2 profiles on Tradove's website. One using fake user details which allowed the reviewer access to a limited Small Biz portal and another profile with his real details to view the full version.

On the current Tradove B2B platform:

For 5 years of online presence, tradove.com does not have much to show. 68 Groups with minimal activity, leads which appear more like spam (with no endorsements on it).

This lookes like it's using either a customised and outdated version of the $299 AzuwaB2B marketplace script ( http://www.azuwab2b.com/azuwa-b2b-marketplace-script.php ) or Advance B2B script ( https://www.phpscriptsmall.com/product/advance-b2b-script/ ) minus features like tradeshow listings.

The platform is basically a business directory with leads, product listing, professional connections and a public blog. No multi-vendor ecommerce activities or capability. It looks like the development on this site has been dormant for many years.

On the BBCoin:

The white paper provides no insight on the technical architecture. It looks like the solution will be deployed on the current website which is using a centralised architecture - this is against the blockchain principles.

The current team seems to be lacking knowledge of how blockchain technology works as it is depicted at a very superficial level (more focus on the BBCoin, less on the B2B platform).

The white paper also offers a competitor analysis of Tradove against other platforms - as they existed a decade ago.

It states that they offer something better than volatile fiat markets, but the term sheet states that their is high risk with their token price. It doesn't mention any "stable coin" mechanisms that BBCoin will employ to stabilize the price (against the USD or a basket of currencies?).

No mention of escrow protection mechanisms or how the return of inferior or damaged goods is handled (on the blockchain and in practice). AliPay, Paypal, Amazon and even the credit card companies have buyer protection guarantees. SAP's Ariba network offers superior functionality beyond the features listed in the whitepaper. No explanation has been offered on how Tradove plans to offer advanced / superior endorsement functionality of professional contacts.

The BBCoin does not make sense. To the reviewer it appears like Party C sells a limited amount of BBCoin to Party A. Party A uses those BBCoins to buy a product from Party B. If Party B wants to convert to fiat, Party B must use an exchange that can change it to ETH, BTC or fiat.

Once the goods are shipped from Party B to Party A, how does Party B quantify the value of the goods to customs or an insurance provider?

What incentive is their for an investor to buy a BBCoin? To advertise on the platform? Are the advertising rates fixed at BBCoin value and is their incentive to buy "advertising space" now at this cheap level before the token price goes up? The reviewer does not see any paid advertising on the current website? Is there a demand for it?

The BBCoin feels similar to a carnival that exchanges cash for tokens to use the rides. Out of that fair the token is useless. The price of the token could theoretically appreciate if the carnival is in town for only one night, and they only can accommodate a finite number of people on the roller-coaster, but Tradove is going to be an open marketplace. There should be no scarcity in the goods, nor limitations to the amount of trade activity that can appear.

The tokens are not a security and do not entitle the holder to dividends from the success of Tradove. With BBCoin, token holders can only use it to pay for advertising in 2019, and to pay for goods in 2020 if the project plan is implemented without delays. Why should investors buy tokens in early-2018?

In conclusion,

The project team does not seem to have a clear idea of what the platform will look like, how basic business processes will operate, how those processes refer to blockchain at a conceptual and technical architecture level, and what features the current B2B trading portals currently offer.

In all honesty it feels like the team are using taking an old and neglected b2b/classifieds online property and trying to see how it can be "blockchainified", without understanding how blockchain works. I do not see value in the token, or believe that this platform is better than current commercialised b2b and b2c platforms that have been in the market for 7+ years.

If it is superior, no explanation has been published on how Tradove offers better endorsements, what the MI/Big Data capability that offers them a superior advantage is, if they offer spam protection, and how their BBCoin is more stable than the alternatives we use today.

The project team needs to clarify these details and prepare a business plan and better technical architecture before updating the white paper and asking for funding

+3Agree
+3
Disagree
Report
Benchy
ICO analyzer bot
3.7
15%

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
Kent Yan
Passed
Jian Zheng
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