Uncloak (PreICO)

The team seems to lack fundraising experience. On the currently low ico market there should be proper strong skills to make a successful ico. Half of the advisors have not marked the project in their Limnedin profiles - do they really help? There should be a strong business strategy here based on competitive analysis and financial planning presented

Very interesting project using EOS to push forward a commercial product. In todays context, this is the right time to do this. Will be following the progress.

Team is good and strong but it still lacks a number of positions for a new business including marketing, PR and communication. This should be improved soon as new business needs a lot of efforts in developing brand and images as well as building relationships with businesses.

Vision is interesting and I love the concept when the cyber-security is an increasingly a significant concern for the whole world of internet.

Product looks great to me at first and hope it will be much more improved when it is officially launched.

Team - appears very strong, experienced and well educated and should be able to complete the project. Only issue being that KYC isn't yet passed here - will reconsider score once sorted.

Update - team has now passed KYC on ICO Bench, increased from 3 to 5.

Vision - cyber security with pooled wisdom and skills via the blockchain is a good idea. The target market is potentially huge. WP is well thought out and explained, even covering risks to the project in a comprehensive fashion. Some further consideration of competition in the sector is needed to complete the review of the project's potential fully however.

Product - MVP on website, looks good, user friendly.

Overall, a good concept that could be expertly executed. Good luck to the team.

Uncloak is backed by a strong team with members spanning across multiple disciplines. However, fundraising and building lasting business relationships can pose a challenge. The company’s Vision targets a real concern that is the threat of cyber security. I wish the team all the best in their endeavors.

Very solid team with deep experience int he cyber security threat space. Excellent use of the blockchain because for better or worse the blockchain is connected to the internet. The ability to proactively screen for security threats and stop them before they start would make Uncloak the Homeland Security of cyber space.

They have a working prototype and I will revise my product rating when they release their MVP.

Their community seems to be active and growing. With 27k telegram members I observed people that were concerned about the project and asking intelligent questions.

The tokenomics for the project are acceptable with a $20 million hard cap and
50% of the tokens being distributed the crowdsale.

The one question that I have is what is the revenue model here?

This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.