Rated on Jul 23, 2018
Modified on Oct 4, 2018
Whitepaper is pretty weak. Doesn't seem like there is a real need for blockchain in this project. Team looks very young/not as experienced. However, good strong team of advisors. Highly recommend the advisors to aid the team in this project in terms of whitepaper/token use cases. Will revise my rating once I see more improvement in this project.
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.
Rated on Aug 22, 2018
Creepy white paper.
There is really nothing written in this white paper.
What is written is the history and basic knowledge of virtual currency, and the ideal of this project a little.
There is no plan or technical explanation in this white paper at all, and the project does not say anything about how block chains work and exert such economic effects.
Rated on Jun 25, 2018
If they utilize the Ethereum blockchain for their transactions then this is a project which requires blockchain to start with.
Although the team is small, it could make them productive enough to develop their vision.
Rated on Jun 24, 2018
Modified on Jun 24, 2018
Guys you are having an nteresting project as for me, firstly just because it offers Blockchain Tech adoption on the Food industry, it should be done earlier or later. Asian team with such good range of authoritative advisors gives me a hope that you will able conduct honest ICO and keep your project promises during the post-ICO development. Giving a four for Product just because your MVP should be available and you have to pass KYC, if it won't be done my mark fro Team will be decreased as well. All the best!
Rated on Jul 13, 2018
Modified on Jul 13, 2018
The whitepaper is not very complete and is not graphically accurate. Even the video explainer is really ugly and poorly edited.
Product interesting, but potentially useless.
Why should your token be used in the food industry and not Bitcoin / Ethereum or other cryptocurrencies?
I would make some minor changes, a new coin is not necessary for this.
The team is also a problem, too small. Only 6 members are too few for me.
If the project is improved a lot, I will be available to raise my rating without problems. But the team has to be bigger, the purpose of the token has to be changed and the whitepaper / website / explainer video has to be done in a more professional way.
Rated on Jul 3, 2018
This does not need its own token and the explanation in the white paper is not clear at all. WP needs a lot of work in many different aspects, ask your advisors for help. Slide 10, the actual "problem" is not described well at all and personally i don't see this as a solution. Nor do i see the problem that you are trying to solve here. The Means of payment in a restaurant does need a specific coin like XRT to use as currency. If i as restaurant wanted to accepted crypto, why would i need your coin and not just accept ETH, BTC, LTC, and other major cryptocurrencies?
You also say you are partnering with 2,000+ food giants in the next two years? this sounds more like optimism than concrete facts or a realistic target.
Tokenomics needs work. 12% allocation to marketing in this industry won't get you to 2,000+ food giants in partnerships.
ICOBench KYC = passed, which is great.
Overall team has weak backgrounds and little experience in this space.
I essentially do not see the need for this project.
Would you like to pay with BTC/ETH etc. to restaurant if they accept it? Is it actually feasible for everyone? Think from the side common person. Who could not bear the high transaction fee involved in crypto transaction everytime to just move their crypto assets. If I have to purchase 1$ goods then would it be feasible to pay 1$ extra as fee. I think no.
This is why XRT is introduced to solve these issue if we go for crypto field. Our payment app would solve not only trnasaction fee involvement but also it would provide instant on click payment process. With higher security and even reduce the possibility of lost funds due to minor mistakes while performing crypto transactions which is not possible with BTC/ETH/LTC/etc.
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