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ICORating an analytical agency that delivers independent, non-affiliated research of the crypto market & ICO projects.
http://icorating.com/

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Sifchain ICO analysis

Sifchain is an omni-chain solution for DEXes - Sifchain promises to build cross-chain transactions for 20-25 of the top blockchains such as Bitcoin, BinanceChain, Polkadot, and EOS. It also expects to simplify the process of blockchain integration, lowering the barrier of cost and development for the open-source community.

At the moment most of the declared features and resources are not available and the Betanet is supposed to be launched on the first day of the public token sale.

The team personalities are not available on the website which is not a good sign. We asked the team about that and they explained that they "try to keep it focused on the team as opposed to individual members", but that doesn't really explain an unorthodox decision to keep the team anonymous during the fundraising stage.

Sifchain lists TRG Capital, Bitscale capital, AU21 capital, and NGC Ventures in its Partners and Investors section. We contacted most of these funds and they confirmed their investment in the project.

Tokensale:

The token sale registration starts on January 11 and lasts until January 24 - the team anticipates that the KYC process can take a few days (non-US participants only and other restrictions). The token sale goes from January 25 until February 2.

The token sale will be executed through a fork of balancer smart contract that will ensure a maximum supply of 70 mln Rowan tokens (7% of total supply). The public token sale participants will receive wrapped eRowan tokens on the Ethereum network that will be 1:1 convertible for native Rowan tokens which will be used for staking on the Sifchain network for validating transactions and receiving validators reward. Rowans will also be used for staking in liquidity pools in exchange for the fees for liquidity provision.

The final token supply is set at 1 bin tokens which are distributed between private and seed investors (32%), reserved for the ecosystem (26.5%) and the team (34%).

Hype rating: low

Risk rating: medium

Total: medium

Conclusion: Sifchain is a project with a promising idea and a strong set of investors but an anonymous team and confusing sales terms.

ICORating does not endorse or recommend any of the projects that are rated or listed on icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.


Cudos ICO analysis

CUDOS is a cloud computing platform working through a layer 2 oracle network, governed by smart contracts

Tokensale:

- The Whitepaper states that the Hardcap is $3 mln whereas official Tokensale terms show a hard cap of $6 mln.
- Total tokes for sale are 555 mln on private sale and 166 mln on public sale, which is only 7% of total tokens to be issued.
- Public sale tokens will be available on the 1st day of TGE through a primary listing.

Pro:

- The team is already running the network of 140k+ users that is being developed since 2017.
- The project has partnered with AMD which is a good sign of the quality of the product and team qualification.
- The team includes experienced engineers and advisors that also adds up to the success probability.


Contra:

- Cloud computing is not an industry that delivered the best results for blockchain investors recently
- Unclear hard cap terms



Conclusion:

As we have already stated in our previous reviews the main risk for such projects is the market size for cloud computing - there is still no evidence that there is enough demand for it which is a big challenge for the project. Still, we believe that the team is capable of building the necessary network and find the best market fit for the product long-term.

The hard cap is normal for the current market state (even though there is confusion about the final number) and according to the token sale terms, most of the tokens (distributed during the private sale, among the team and advisors) will be locked at the TGE. That is favorable for the short term price of the token.

As a result, we consider this project to be moderately interesting short-term and risky long-term. Potential investors should take into consideration that there will be no traditional public sale, but a direct primary listing which means a higher chance of volatility and price discovery period immediately after the TGE.


Hype rating: medium

Risk rating: medium

Total: medium

ICORating does not endorse or recommend any of the projects that are rated or listed on icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.


Findora is developing a proprietary blockchain that is aimed to provide privacy combined with transparency and scalability. A significant part of Findora's effort addressed the enterprise market.

https://icorating.com/ico/findora/

The token sale starts on 28 December with numerous vesting/price options and up to $92,4 min Cap.

Hype score: high
Risk score: high
Total: risky

Pro:
1. Polychain Capital as a lead investor in a private round
2. Solid group of executives and scientists on the board of contributors
3. The project's testnet is publicly available

Contra:
1. Cap is not clear, but our estimation based on the Findora website exceeds $92,4 mln, which looks overwhelming for the current ICO market.
2. No real original blockchain code on Github. GitHub last updated in August 2020
3. Numerous mistakes on the website and PR faults
4. Very little public confirmation of the project progress
5. Weak token sale terms and team support for such a large-cap
6. Significant FUD surrounding the project with little explanation from the company. The information in official sources is constantly changing
7. Multiple members of the team left the project and publicly denied any association with it. At least one team member was deleted from the website only after his public denying his association
8. There is very little information publicly available about Lily Chao, who was presented as Findora's founder and chairperson but now is described as General Contributor.
9. The list of partners included many names that were subsequently deleted, such as Stanford University
10. The current official Twitter channel denounces @FindoraOrg as a fake one, even though it was created 1,5 years earlier and is followed by several prominent industry participants
11. Questioning those red flags in Findora's Telegram group will immediately get you banned

Conclusion: unless the project clarifies all the misunderstandings and deals with the FUD surrounding the token sale, we consider it too risky to invest.

ICORating does not endorse or recommend any of the projects that are rated or listed on icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.


The Graph, which we reviewed as "worth investing" recently, was listed on Coinbase and Binance and has already made 20x the ICO price! 🚀

ICORating does not endorse or recommend any of the projects that are rated or listed on
icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.


Oasis Labs

https://icorating.com/ico/oasis-labs/

Oasis is building a new blockchain protocol focusing on all data's privacy, scalability, ability to build private smart-contracts for lending, undercollateralized loans, and private automated market makers. Oasis also enables users to tokenize their private data to sell it to the apps that need this data for any purpose.
The ICO is planned through the staking of USDC/USDT in the protocol for one month and receiving a farming reward for this staking. All USDC/USDT contributions are returned after one month, so the price for ROSE tokens (native for Oasis protocol) is only the alternative yield the staker can receive for his USDC/USDT in another staking protocol.
The ICO is organized via Coinlist so we consider it a low-risk ICO in terms of fraud or scam.
The maximum contribution is $2000. All participants must comply to the Coinlist KYC. Participants from the US, Canada, and China are not supported.
All earned ROSE tokens are subject to a 40-day lockup period.
Oasis has reliable support from Tier-1 blockchain investors, including A16z, Accel, Polychain, Pantera, Binance, Huobi, Kenetic, and Winklevoss. This is a good sign of the quality of the project and team behind it.
The major exchanges' presence is also raising the probability of listing the native Oasis token on these exchanges.

Hype score: medium
Risk score: low
Total: high

Pro: Strong team and product; Excellent investors' board; Coinlist listing

Contra: Low personal allocations; Long lockup period for Rose Cultivate participants; Previous Coinlist staking project - Nucypher attracted $126m+. If Oasis can attract comparable amounts, this will most likely lead to very low profitability since the number of tokens in the farm pool is fixed

Conclusion: There is an opportunity for a very high demand for this project and a stable growth of the Oasis token long-term. However, the profitability of the farming program will likely be quite low.

ICORating does not endorse or recommend any of the projects that are rated or listed on icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.


The Graph ICO Analysis

https://icorating.com/ico/the-graph/

The Graph is an indexing protocol for organizing blockchain data. The company has already developed and launched hosted protocol and is in the process of testing decentralized version.

The tokensale will continue for 3 days in three phases, 1 day long each. First for community contributors, 2nd - for all registered participants with individual caps, 3rd - for all participants with no caps. If the project sells out during the second day, the 3rd day will be cancelled so it is quite risky to wait until day 3. The first day sale starts on October 22. The REGISTRATION CLOSES ON October 15 at 12-00 PDT.
The team states that this ICO is intended only for long-term protocol supporters and is not meant for the short-term investors.

Hype score: moderate
Risk score: high
Total: stable

Pro: The Graph current hosted protocol is used by numerous projects including Uniswap and Synthetix. So the company have already succeeded in delivering a working and demanded product which is noticeably growing. Current tokensale is intended on attracting the public supporters who will be playing important roles in the decentralized protocol functioning.
The company is backed by a big number of prominent invest funds which is commonly a good sign.
The team has launched Testnet and succeeded in attracting hundreds of supporters playing validators and curators roles.

Contra: Total Cap is set on $12 mln which increases risks for short-term investors based on the performance of recent ICOs.

The project have experienced outages due to hight demand.

Conclusion: the project is worth investing long term but should be considered risky short term.


ICORating does not endorse or recommend any of the projects that are rated or listed on
icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.


Akash Network

https://icorating.com/ico/akash-network/

Akash is a decentralized cloud computing marketplace.

We’ve seen a number of cloud computing marketplaces some of which succeeded in delivering working products but none of which finally met the investors expectations. We expect the team to have taken this experience into consideration and probably be more successful.

Hype score: Moderate

Risk score: High

Toltal score: Risky+

Pro: Akash will be holding IEO on Bitmax which recently succeeded in raising capital for several projects (xDai, Serum). The analysis of the dynamics of these projects current token prices shows positive short term trends which allows us to expect the same results for Akash. We also consider the small cap of $640 000 on the IEO to be a good indicator of a potential upside for investors.

Contra: Failure to deliver the mainnet in 2018 as was planned according to the old Whitepaper in 2018. Given that Akash Network is an infrastructural platform, the long-term demand for the platform may raise the token price, although similar projects show poor long-term results.

As a result of our analysis we evaluate the project as having good potential in short-term and risky long-term.

ICORating does not endorse or recommend any of the projects that are rated or listed on icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does
not provide investment, financial, or legal advice.


Radix
https://icorating.com/ico/radix-rdx/

Radix is a high-throughput protocol for building decentralized applications, tokens and coins.

Hype score: very high
Risk score: high

Pro: stong investors and high hype, useful product for the DeFi market
Contra: risky token unlock model, needs very high cap for unlocking all the investors’ tolens.

We studied the available data and docs and despite the risk of the possible long token unlock periods and very high market cap ambitions we evaluate the project as having good potential.

ICORating does not endorse or recommend any of the projects that are rated or listed on icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.


AAX Launches Native Exchange Token AAB, Connecting Crypto To Global Finance. As AAX claims it's trusted by 100k+ users. AAB Flash Sales starting from April 14.
Learn more: https://bit.ly/3422Efd








ICORating was the first ICO rating agency. Since our inception in 2016, we created hundreds of reports and started a whole industry of crypto analytics. This whole time our mission was to help investors make informed decisions by providing them with quality information.

Now is the time for the next step.

We’re happy to announce that ICORating adds consumer reviews for every major crypto product.

Despite the market turbulence, our belief in the potential of blockchain stays strong and we want to help all crypto users, not just investors. From now on ICORating stands for Independent Crypto Opinions and Ratings: we’re focusing on exchanges, wallets, mining, lending products, etc.

We’re extremely thankful to our community for being with us all this time and we’re excited about this opportunity to reinvent ourselves to continue being helpful to you. Start today and use ICORating to share your experience or to solve a problem with a crypto product.

https://icorating.com/total-rating/


DIPChain is on ICORating.

The ICORating Agency has published a new project.

DIPChain aims to facilitate all advantages which the blockchain implementation may give in the area of valuing and trading art as well as funding and investing in artists and artworks.

Learn more: https://icorating.com/ico/dipchain-dipc/


Stellerro is on ICORating.

The ICORating Agency has published a new project.

Stellerro™ is an alternative investment banking platform, automated, in-scale, determined to bring liquidity to the digital era.

Learn more: https://icorating.com/ieo/stellerro-stro/


Prominent exchanges Bitfinex and Ethfinex have announced a new IEO (Initial Exchange Offering) platform.

The new platform, Tokinex, allows users to participate in pre-vetted token sales from new projects listing on the site. In a departure from other similar offerings such as Binance Launchpad, token issuers on Tokinex don’t have to pay any upfront fees for listing, while successful launches on the platform will also benefit from listing on both Bitfinex and Ethfinex.

https://icorating.com/news/2019-5-as-tether-premium-disappears-bitfinex-and-ethfinex-launch-new-ieo-platform-tokinex/


Huobi ‘Concerned’ ThunderCore IEO Has Damaged Their Reputation

A Huobi executive has declared that the company is worried over a recent controversy surrounding the ThunderCore IEO, and that it may have damaged the reputation of the Huobi Prime token sale platform – as well as the brand as a whole.
At a Huobi event held in New York this week, Will Wang, head of Huobi’s business development and investment in North America, told Crypto Briefing they were aware of investor criticism surrounding the ThunderCore IEO on Huobi Prime Lite – a token sale platform with short listing cycles – which took place earlier this week.

https://icorating.com/news/2019-5-huobi-concerned-thundercore-ieo-has-damaged-their-reputation/


Bitfinex Confirms Plans to Raise up to $1 Billion in IEO

Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4.

https://icorating.com/news/2019-5-bitfinex-confirms-plans-to-raise-up-to-1-billion-in-ieo/


Bittrex Announces Its First Initial Exchange Offering (IEO)

The trend is on. Bittrex, one of the major digital currency exchanges in the market, introduced an IEO on its Bittrex International platform. The RAID IEO is to start on March, 15.

https://icorating.com/news/2019-3-bittrex-announces-its-first-initial-exchange-offering-ieo


ICORating Weekly Report: 10th Week of 2019

This report includes data on several highlighted categories on upcoming, completed and funded ICO projects of the past week (10th week of 2019)

https://icorating.com/news/2019-3-icorating-weekly-report-10th-week-of-2019

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