Chris ButlerICO team member replied on 7 Oct 2018
About URAllowance
The URAllowance platform has a two-sided user interface (parents and kids) with access to Family-Smart Contracts that are powered by the URA deposited by parents. URAPP will offer our proprietary URSuite of tools for parents to interact with while customizing the perfect financial plan tailored to their needs. Then parents can set tasks and goals for their kids. When these tasks are completed or the goals are met, the Family-Smart Contract releases the funds to the kid's wallet. The kids then have many options for spending or saving or increasing their earned money.
We found a huge hole in crypto that was the same exact shape as URAllowance. The kids up to this point have been largely overlooked. After all the research into the markets and the scouring of consensus reports and survey data, we found a rather large untapped marketization opportunity. Allowances are just the start. 41 billion on average is paid out in allowances every year in America alone. Now it might seem a bit strange to bring a third party like URAllowance into an already decentralized transaction between parents and kids. Not to us though. We see the ineffectiveness in the current structure of allowances. We will fix it by getting the whole family involved and hold everyone accountable for their part. Aside from that, there is a trillion dollar speculative market that has recently opened up over the past 15 years. Women entering the higher paying workforce has left many household jobs needing to be filled. I have all the data cited in the whitepaper regarding this new market that is waiting for a few smart companies to come in and stake their claim. We will be one of them.
Ratings
Vladimir Nikitin
ADVISOR | CONSULTANT | EXCHANGES Listing
Rated on Jul 8, 2018
Modified on Jul 8, 2018
Rated on Jul 8, 2018
Modified on Jul 8, 2018
4
4
4
16%
Update, after last rating was some updates
**** - For team and advisors, KYC Passed
**** - Interesting idea
**** - Team provided link for Prototype, looking good
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.
+2Agree
+2
Disagree
Report
Paresh Masani
ICO Consultant | Influencer | Strategy and Vision Execution | Public Relations | Crypto-funds | Blockchain Development Lead
Rated on Oct 2, 2018
Rated on Oct 2, 2018
4
3
3
16%
Good business team - needs more devs.
Whitepaper is detailed and Idea is good for the amount this project is aimed to raised!
MVP is just a graphics on invision prototype app.
Poor social media presence - I would like to see more Medium articles.
They planning to raise very less so I would wish good luck to the team.
+3Agree
+3
Disagree
Report
Michael Williamson
Blockchain Consultant, MBA, LSSGB, Former USA Financial Advisor, Insurance Agent
Rated on May 11, 2018
Rated on May 11, 2018
4
3
3
11%
In my opinion, I think this project is too narrowly focused on "kids", I think there could be different areas of interest besides just the kids that could benefit from this platform, but am not certain if all children will appreciate crypto. Could this payout to the neighbors kid that cuts the grass? or the local small business that cleans the pool? or the neighbor that can clean your car? If theres opportunity to use this as a form of bill pay for a 'lemonade stand' or 'girl scouts' types of business, then I could see more value in this project. But just as an allowance, I see this to be very limiting and will be kept in a box. The advisors are good, team appears to have a bit of experience. I hope this project does well, and considers my suggestion.
*Please see my profile for disclosures.
+4Agree
+3
-1Disagree
Report
Chris ButlerICO team member replied on 14 May 2018
Thank you for your suggestions. There is a section of our whitepaper that actually explains the use cases and most of the things you mentioned are included. This tells me that we need to improve our delivery of information. I will bring this up at our next team meeting and take the necessary steps to have this information become more apparent. Thanks.
Mike Blackwood
ICO Adviser | Marketing expert
Rated on Aug 27, 2018
Rated on Aug 27, 2018
4
5
4
8%
It's so nice to see projects that really contribute to the massive circulation of crypto-currencies and the ideas of decentralization. Of course, the project will have serious difficulties on the way to the goal, but I sincerely believe that only the fruit, the path to which ran through thorny thickets, is really sweet. Always happy to support the blockchain enthusiasts!
+1Agree
+1
Disagree
Report
Chris ButlerICO team member replied on 28 Aug 2018
Thanks Mr. Blackwood. We are fully prepared to take this challenge head on and we are not stopping for any reason. We are faced with two options here. Success or success. Personally I'm fine with either one.
Jose Merino
Chairman and Co-Founder of SID Limited
Rated on Sep 2, 2018
Modified on Sep 2, 2018
Rated on Sep 2, 2018
Modified on Sep 2, 2018
4
5
4
7%
- The team has the different experiences required to make it a success, provided sufficient funding is raised and additional resources are added when comercial release is ready to go. Even good ideas and good products could never see growth due to insufficient funding raised. This last is partly also market dependent.
- I personally like the vision of the URA use-case although I also see other variants which I'm sure the team will find more use-cases as they go along. Here, it is not so much if the URA product requires blockchain or not, actually I believe blockchain is an inherent part of the vision of this company to educate the new generation about crypto and blockchain in a soft and smooth non-technical manner by encuraging young & old actually using its product. The potential is there, the rest is up to execution.
- Looked at the MVP link and for a proto-type it´s great, its just that personally I am a fierce believer of the bigger ticket fundraising amounts to go in when Comercial product is ready. So in short I love it BUT I suggest a secondary bigger raise to fund growth when commercial product is tested and released.
- Overall I like the URA project!!!
This is not any advice or recommendation to invest in URA but rather to encourage you to do your own personal due-diligence and decide for yourself. If you do decide to buy URA Tokens or any other ones, then be sensible and don't spend more then you are willing to loose completely. New projects up to the early growth phase included are the riskiest of all, but then again those very low single digit percentage who in the end do succeed could potentially be a great opportunity. So good luck in whatever you decide as the only responsible for your decisions is yourself.
+1Agree
+1
Disagree
Report
Chris ButlerICO team member replied on 2 Sep 2018
This is hands down the best advice from an ICObench expert. Thank you for your insight.
Benjamin Hall
ICT Systems & Blockchain Analyst
Rated on May 12, 2018
Rated on May 12, 2018
3
3
2
6%
The idea certainly has merit in that of incentivising your children or vice versa.
However the idea is simple - bank accounts are free for children, you aren't really needing to remove intermediaries, the use of a digital asset is not necessary, and immutability and transaction history of such is not of great importance if you are simply trying to instil pride.
The idea could use any open source tooling, dbs et cetera to achieve its goal. Not sure blockchain is actually needed.
+1Agree
0
-1Disagree
Report
Chris ButlerICO team member replied on 17 Jun 2018
We have made significant updates to our website and highlighted the parts of our project that a few of the experts here overlooked when giving us their rating. Our platform architecture has been made public and can be found at BTCT. I invite you once again to spend just 20 minutes with us to define the problems you see and to see the improvements to the website.
Thanks for actually reading our whitepaper. I'm assuming by your choice of words that you did. Your comments, as well as all comments from the experts here and especially our large very involved community at the forum, are taken very seriously. We have made changes according to the common consensus and we have enough sense to know that pride should not factor into the decisions we make in the structure of our business. To sum it up, I, on behalf of the URAllowance team, would like to talk with you to get some more definitive suggestions as to where you think we need improvement. You may be surprised too after you learn more about our team, our project, and our long term goals. Thank you for taking the time to rate our project. Whether you choose to share some more wisdom us or not, your comments are appreciated and will be a topic at our next meeting.
Thanks for actually reading our whitepaper. I'm assuming by your choice of words that you did. Your comments, as well as all comments from the experts here and especially our large very involved community at the forum, are taken very seriously. We have made changes according to the common consensus and we have enough sense to know that pride should not factor into the decisions we make in the structure of our business. To sum it up, I, on behalf of the URAllowance team, would like to talk with you to get some more definitive suggestions as to where you think we need improvement. You may be surprised too after you learn more about our team, our project, and our long term goals. Thank you for taking the time to rate our project. Whether you choose to share some more wisdom us or not, your comments are appreciated and will be a topic at our next meeting.
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.
Press Releases
Financial
Token info
Token
URA
Platform
Ethereum
Type
ERC20
Price in ICO
0.0302 USD
Bonus
| Pre-ICO | 30% |
Tokens for sale
405,000,000
Investment info
Min. investment
0.1 ETH
Accepting
ETH
Distributed in ICO
40%
Soft cap
100000 USD
Hard cap
30000 ETH
Milestones
1
Q4 2017
Think tank begins. Research and timeline creation.
2
Q1 2018
Form the company URAllowance and obtain LLC status. Recruit advisors. Publish our pre-Ann thread at the forum. Form the core team members.
3
Q1 2018
Design website. Structure the URA token. Design alpha UX/UI. Introduce the idea to local schools. Airdrop to the community to raise awareness and build hype. Gather feedback from the communities. Launch bounty campaign. Begin ICO calendar site listings.
4
Q1 2018
Deliver Alpha UX/UI design to developers. Create Smart Contract. Continue community engagement and increase marketing efforts with interviews and live AMAs with URA Team members and CryptoKid across media outlets. Press releases on major developments. Retain legal counsel.
5
Q2 2018
Release the prototype of URAllowance platform relatively in line with the beginning of the ICO. Begin the research and development of URWorld in which all the features of the alpha platform will be available in a 3D virtual, social, customizable world.
6
Q2. 2018
Analyze the Marketing data and adjust the ICO marketing campaign accordingly. Analyze the data and user suggestions from the prototype of URAllowance platform and prepare for the MVP release at the end of the ICO.
7
Q3. 2018
This is where the excitement begins. Release the URWorld Prototype. Gather reports and suggestions from the community. URWorld MVP release in Q4 2018. Restructure marketing campaign from token sale marketing to product marketing for maximum exposure and adoption. Choose 4-5 popular, influential YouTubers to use URAllowance. Analyze the token data, transaction costs, and usage data to determine if there will be scalability issues with continued usage of the Ethereum Blockchain. If scalability and increased transaction fees pose a threat to the URAllowance ecosystem then we will begin research and development of the URA Blockchain. Integrate with LIX for cross-platform P2P digital assets sales and creation. Explore further synergies between Lix and URA.
8
Q3 2018
Begin development of URWorld: Mixed Reality Edition in which all the features of the URAllowance Platform and the URWorld 3D virtual experience will be accessible in Mixed Reality. We will begin hiring more developers that specialize in VR/AR/MR. There will be high demand for educational software in the Mixed Reality environment. Q4 - Begin the Microsoft Hololens Integration.
9
Q3-4 2018
Answer Microsoft's call to action for educational Hololens software. Mixed reality software will be in the highest demand by Q4 2018. We aim to answer Microsoft's CTA before that time. After we present our fully tested, functional software, Microsoft will immediately begin to promote the URWorld: Mixed Reality Edition which will alleviate some of the marketing costs.
10
Q4 2018
Forever. Continue to improve all three versions of the URAllowance experience. Relocate the URAllowance HQ and expand the support staff. Begin the URA holders think tank for deciding which new frontier to journey to. The possibilities are limited only by our imaginations. We welcome everyone along for the ride.