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ICO Analysis: InfraCoins

ICO Analysis: InfraCoins

Today we are going to look at a new ICO called InfraCoins.


According to what they have said in the website, it is just a project based on listing real estate as well as hotel. Which right now there are 100s, if not 1000s of sites, fighting with each other to get atleast some market share from giants in this sector.

Need for Blockchain

Except the use of Token, I don’t see or does they state it well enough in their website about the need for the Blockchain technology in their project. The use cases stated are more centralized than decentralized.

Utility or Security


This is definitely a security as the token is just to raise funds and to be used as payment itself.

Also, as seen aside, they accept this fact as well, that this is a security rather than a utility.


Regarding MVP, they have a template which they call as an Alpha Version. If this is their alpha of “Minimum Viable Product” I have got no words to say.

Team & their experiences


Now coming to the team, as soon as I check the team, the first person, Jagdish Suvarna, his short bio itself have a typo. On further search, there was not much detail about him except the Linkedin Profile.


So, I started digging up his experience and found out that the experience mentioned above does have a website and in that, he is listed as an employee.

But the funny part being shown below:


The domain infracoin was registered on May 2018 while the company he has been working for around 7+ years have registered it’s domain 1 month after that. And it only have pictures of three people, one is Jagdish itself, another is a common advisor to both Aspen as well as Infracoin.

A new domain being used by a 8 year old company raises my suspicion.



Except one among these, all the other advisors have experience in the Crypto Field previously according to the info from ICOBench.

Funds Target, timeline & phases


They have a softcap of 3M which according to me is a huge amount to ask with this project as well as with just a template as an alpha MVP.

And the hard cap is around 10 times the soft cap, which shows weak knowledge in either business planning or financial analysis for the business.

The sale is divided into various phases as shown and it bound to happen for few months till October 2018.

They require KYC and as per their whitepaper, does accept crypto as well as USD.

Funds Usage, Token Distribution & Valuation


A total of 50Million token is present of which around 50% is vaguely defined as world dominance.

And according to their initial price of $0.7, they are valuing their company at around 35Million, which for a company with these weak pillars is definitely a bad investment for investors.

Social Media Activity & Engagement


They have very low social media foot print like just 20+ members in Telegram

Similarly have low amount of followers for the project in Facebook as well.

They have their alpha “MVP” or template public in Github

Smart Contract

No detail about the same was present in the website or their Github Profile


They seem to have jumped in to get into the crypto scene somehow. And with a basic frontend template as an alpha version of MVP and suspicion around their project CEO and his experience, etc, my advice would be to keep away from this ICO until you get more info, updates, etc. If you still want to invest, I would advice you to do a bit more due diligence about the same.

Please let me know if you want to see more parameters to be added to my analysis or want to give me some tips or want to correct me on my findings or even want to share some secret regarding the companies I would be writing in time.

The above was just an analysis for those who want to spend less time on finding about any projects. But please don’t consider this as an investment advice.

The above article was not paid for. And the respective company didn’t knew about the same.

For the readers:

Thank You for reading till now and hope you like what I wrote.

For the respective company:

If you see anything written above is not true, please let me know about the same through comments or you can contact me through Telegram.

For anyone who would like an ICO to be analysed:

Please send me a message in @remedcu with the name and website.

Those who like this analysis, please do clap in the Medium Post, Share this ICOBench URL with others and if possible join my channel @Texploxe for more similar analysis.

16 Aug 2018 icoanalysisico analysistokentoken analysisinvestigationdue diligenceresearch
The views and opinions expressed in blogs are those of the authors and are not the official policy or position of ICObench. Any content provided by our bloggers or experts is of their opinion and they are fully responsible for it. ICObench is not legally responsible for the blog's content.

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