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Ratings xCrypt

Future Proof

xCrypt is the first crypto ecosystem with a high added value in its Exchange Platform ready for Digital Assets and FIAT, Securities, STO and ERC721. We created this end to end system which includes a Debit Card and a Social Media Trading system which is an advanced investment solution, which enables trading on one account managed by a skill full and experienced trader using his own funds and joint funds invested by other traders in his SMT account. This ecosystem is made to be at the same level as the world’s big players, and even surpass them, for we are already suitable in this field’s future. . We believe that, in the near future, many changes in the cryptocurrencies field will occur, as well as in the trading field and in how this world is conceived. This is the reason why, after carefully developing its concept, since its host country allows it, xCrypt decided that its priorities are those of listing security tokens, having an appropriate and strategic marketplace for the ERC721

3.9
4 3 expert ratings
Benchy 4.0
KYC
Experts
4.3
4.0
2.9
Review: download now PRO
Ended
Token
XCT
Type
Price in preICO
1 XCT = 0.1 USD
Price in ICO
0.1000 USD
Country
Whitelist/KYC
KYC & Whitelist
preICO start
1st Jan 2019
preICO end
24th May 2019
ICO start
24th May 2019
ICO end
30th Jun 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
Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on May 2, 2019
Modified on May 6, 2019
5
5
3
21%

→ Blockchain Advantage - ✅❤️
→ White Paper - ⛔️
→ Team Composition - ✅
→ Token Economics - ⛔️
→ Business Model - ✅
→ Social Media Presence - ✅
→ Collaborations & partnerships - ✅
→ Fund Allocation - ✅
→ Legal Loopholes - ⛔️
→ MVP/ DApp/ Working Product  - ⛔️ (Link not working)

Advantage - Realistic Soft Cap and Hard Cap, with clear cut use case. A strong team (KYC incomplete) which has focused on the one of the hottest trends (Gaming) for market adoption. Strong social media presence.

Disadvantage - The WP is fraught with grammatical errors, (eg see Pg 27) and it lacks complete details for investors. Benefits of HODLing if any? The token usage is clear but ROI for investment isn’t! Since exchange has Zero trading fees, how does the team propose to cover running costs? Moreover KYC+AML partners for exchange and mode of expansion is lacking a bit as well!

You can find my ratings methodology here- https://medium.com/@krishnenduchatterjee/ico-evaluation-investing-a-vc-perspective-for-investment-over-greedy-short-term-returns-433f6f9e13d8

I am updating the rating based on KYC passed and additional info like utility of the token. The token is used for membership fees to cover costs. So, although they have zero fee, they have a membership fee, which is sensible!

+1Agree
+1
Disagree
Report
Loren Minel AndronieICO team member replied on 6 Jun 2019
- Whitepaper Updated (token economics , Legal , Regulation )
- Exchange Release v1 Ready

Thank you
Hugo Jacques
ICO Senior Advisor and Expert | Blockchain Consultant | Crypto Investor and Analyst | Speaker and Writer
Rated on Apr 30, 2019
5
4
4
11%

Team : strong developer team and backed by expert and experienced guys.
Vision: Quite interesting as this is a new generation of exchange platform that brings more features and incentives (fees, airdrop...) for the investors.
Product : MVP is delivered and need to meet the promise.

+2Agree
+2
Disagree
Report
Nirav Kuwarji Gala
ICO, IEO and STO Advisor
Rated on May 3, 2019
1
1
1
7%

xCrypt is yet another project which is trying to set up a Crypto exchange. It proposes to develop an exchange where investors can trade Utility Tokens, Security Tokens and Non-Fungible Tokens.

Team - Based on the review of the team credentials in the whitepaper and social
media it appears that they do not have any significant experience in running a crypto exchange business. Some of the team members seem to be working on the project only on part time basis as can be evidenced from multiple positions held on LinkedIn profile. Other interesting thing is that the number of advisors listed exceed the total number of team members. Not sure how much value is added by having so many advisors and what value add each individual advisor is providing to the project.

Vision – The use of blockchain technology to seems to be at the core of the business. But don’t see them adding a lot of value to already crowded crypto exchange space.

Product - It appears that the project is currently at MVP Stage. However, there is no access provided to a demo of the platform.

Overall the concept of the project is nothing new to the crypto industry. Crypto exchange space is already very crowded with number of exchanges far exceeding the number of projects. Existing exchanges themselves are finding it very difficult to stay afloat, so starting a new exchange from scratch and building a sizable user base is a herculean task. I would not invest in an exchange which is still at conceptual stage and doesn’t have any user base or regulatory license. Crypto exchange business is a natural monopoly which benefits from the economies of scale and network effects. In the long term only a handful of players would be able to survive. I would wait this one out and give this IEO a pass.

Disclaimer: Above is my personal opinion and not an investment recommendation. Please do your own research and take independent financial advice before making any decision

You can find my rating methodology here. https://medium.com/@niravgala/nirav-galas-ico-bench-rating-methodology-c7186a354c9e

Agree
-2
-2Disagree
Report
Loren Minel AndronieICO team member replied on 6 Jun 2019
- Just take 10 minutes and read Whitepaper or project details to see there are NOT others exchange same like us , i can say we are uniques .
- Whitepaper Updated (token economics , Legal , Regulation, Product, )
- Exchange Release v1 Ready

Thank you
Benchy
ICO analyzer bot
4.0
61%

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
Loren Minel Andronie
Passed
Mauro Andriotto
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

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