As a global ledger, blockchain technology records transactions made using digital currency securely and without being controlled by a central authority. This has created a wide range of application possibilities. One of these possibilities is global accessibility where businesses or individuals can make or receive payments with or without bank accounts. Blockchain eliminates middlemen and makes transactions more cost effective. Since it’s not possible to counterfeit digital currencies like bitcoins, users are guaranteed security and enjoy complete control over their funds.
Furthermore, blockchain protects users from fraud and allows them to encrypt their wallets for security measures. The expanding application possibilities of digital currencies are now making it feasible for businesses and individuals to make micropayments, mainly because bitcoins are efficient and flexible enough to allow for this to happen. Several companies are already using blockchain technology to transact using cryptocurrencies.
Experty.io, a blockchain-backed platform is unlocking people’s potential through the transfer of knowledge, rather than physical assets. The platform addresses a common problem consultants across the board face.
According to Experty Founder and CEO, Kamil Przeorski, “One of the major challenges is that there is not much incentive for experts to provide consulting over applications such as Skype, where there is no simple way for them to receive money for ad hoc micro consultations.”
The platform allows knowledge providers to earn revenue by providing advice to their contacts via calls. Experts in different fields set their rates per one minute of call and offer consultation services to clients on the phone or desktop. They then receive instant payment from their clients through the ethereum cryptocurrency. Experty.io is bound to transform the way professionals offer expert advice to those who need it most.
ICO Infomation
Important Dates: Dec 17th — ICO Begins
Number of Tokens: 100 Million
Cap: 33000 ETH (~ USD $15 million)
Token Type: ERC-223 token built on the Ethereum blockchain
Token Symbol: EXY
Exchange Rate: 1000 EXY = 1 ETH
Whitepaper: https://docsend.com/view/metua2p
The Team
Core technical team comes from the web consulting company ReactPoland. They have years of experience developing applications, as well as a deep understanding of consulting and the problems that arise when billing clients. Partnered with experienced leaders and international team members, the Experty team is prepared to take on challenges and ensure the success of the company.
For a young team like this, good advisors are very important. The 15 advisors (a lot!) should be able to make up for the team’s inexperience.
Roadmap
Q3 2017 — Seed Investment around $700,000
Q4 2017 — Alpha release + Planned token generation event.
Q1 2018 — Mobile/Webapp Data
Q2 2018 — Mobile/Webapp market release
Q3 2018 — Desktop beta
Q4 2018 — Desktop (iMacOS/Windows) release
Q1 2019 — Refinement based on users’ feedback — open option for screen sharing (mobile + WebApp)
Q2 2019 — Open option for group calls
Risks
Marketing: According the whitepaper, Experty plans to spend 40% of the ICO proceeds for ‘Marketing and Community Building’ However, there is no evidence of a detailed marketing plan in the whitepaper and it is not clear how Experty intends to win over experts and knowledge seekers to its platform. The ‘Go To Market Strategy’ section of the whitepaper needs to be better thought out.
Tokens: Using tokens as a means of payment makes sense for this project, however it may not make sense for the experts that receive them as payment. Many experts are likely to be senior and not interested in receiving tokens for their work that they have to sell on an exchange. It will be difficult to attract people to this platform if they don’t want to be paid in cryptocurrency.
Scores
Concept: 5
Experty has a great concept that has a legitimate use case. Using blockchain to resolve the trust issues in any peer-to-peer is a great illustration for the power of decentralization.
Token Utility: 4
The EXY token is not particularly innovative is far as tokens go. Fundamentally, any currency that uses smart contracts could be used on a platform such as Experty’s. The one interesting function of the token is its use in staking so that users can obtain premium features.
Status: 4
This is not a ‘whitepaper’ project that has no working product. There is an MVP and the roadmap has many significant milestones in 2018, which should bring in revenue for the company.
Team: 3
The team is young, but they do have an extensive roster of advisors.
Competition: 4
Technical Indicators
Market Cap: 5
A $15 million market cap is pretty much the ideal number for an ICO. It is high enough to give a team enough to develop their product, but low enough for investors to have a higher likelihood of profitability.
Hype: 4
This project has good hype, but not the most hype I’ve seen. Nevertheless, based on the use of ‘Proof of Care’ and Telegram and Twitter users, things are looking pretty good.
Conclusion
Overall, fairly interesting project, consider the current market environment, fair value for Expertise for me is between $30-$50m which implies 2–3x upside potential. The longer term prospect is harder to evaluate, it’s really depend on how popular the platform become in the future.
Other Info
Website : https://experty.io
White Paper : https://www.experty.io/docs/Experty-Whitepaper.pdf
ICO Sale : https://pre-sale.experty.io/
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1137204;sa=summary
Tidak ada komentar:
Posting Komentar