CryptoProfile ICO Review

nure6524 (29)in #bitcoin • 6 years ago (edited)

A comprehensive review and analysis on CryptoProfile ICO, that aims to create a consolidated mercantilism transferral platform.

Note: This represents the writer’s personal opinions ANd doesn't – in ANy way- represent a recommendation of an investment or financial recommendation. Please assume caution once finance in cryptocurrencies and do therefore at your own risk, as a result of it's terribly volatile and you'll lose your money.

Overview

CryptoProfile might be a number one blockchain promoting agency that's creating a consolidated transportation platform for the ICO market. The goal of the platform is to connect Initial Coin providing (ICO) comes with Associate in Nursing oversize network of cryptocurrency enthusiasts, with varied services that may significantly enhance a project’s promoting campaigns. The core services of the platform will embody Education, Airdrops, Bounties and Investment opportunities.

With the transportation platform, CryptoProfile is making an attempt to unravel 2 core issues:

Unreliable transportation Mechanisms: Airdrops are a singular mechanism among the cryptocurrency market with the foremost operate of distributing free tokens from ICO involves the heaps for substance and promoting functions. However, the prevailing airdropping mechanisms area unit typically m annual and unreliable, notably for participants that possess a financial incentive – like marketers, writers, partners, and referrers – that enhances the exposure and substance of the ICO.
Shady ICO Practices: it's no secret that the ICO market is rife with shady practices, money-grabs, scams and Ponzi schemes that kill vulnerable participants among the cryptocurrency market. The absence of any laws makes it easy for ICO comes with ill-intent to induce away with their schemes. as an alternate, the high failure rates of ICOs area unit a results of the shortage of product viability.

Application

CryptoProfile look to contour the airdropping methodology whereas preserving a rigorous customary of business acumen since the success of its platform is directly correlate with the success of the ICOs at intervals the system. Here may well be a visible flow of but the platform will function:

The delivery mechanism instituted by CryptoProfile will run as follows:

ICO comes on-boarded by CryptoProfile will ought to direct USD100k for the marketing exposure and services of the network. reciprocally for that, USD 100k value of CP tokens are visiting be to the ICO project.
The CP tokens came to the ICO project are visiting be fastened up throughout a exceedingly|in a very} smart contract for six months associated discharged once the project has successfully listed their native tokens on an exchange.
The ICO project will ought to portion a thousandth of their ICO token to CryptoProfile, that thereafter portion a thousandth of that token pool and delivery to CP token holders thus on any stimulate interest and participation from the cryptocurrency community
All CP token holders are visiting be rewarded with airdropped tokens on each occasion associate ICO is onboarded into the CryptoProfile network.
There is in addition associate avenue for CP token holders to require a grip transparently on the ICOs that interest them within the CryptoProfile system.

Every ICO project will ought to be screened all to substantiate that they adapt to the standards set by CryptoProfile. The due diligence mechanism is as follows:

Business Viability: The project ought to be able to address a current draw back with associate adequate target market and attainable cash-flow predictions.
Technology: The project ought to be backed by a sound technological base that works and fits the project goals.
Token Economics: A stable token economic model can be a vital contemplate the success of the project. Key variables to look out for is that the degree of centralization, understanding mechanisms and so the action of the tokens with stakeholders’ interest
Team: The team engaged on the merchandise ought to be qualified with the desired skills and dynamism for the project’s success.
Coin Utility: the price of any token is completely conditional its utility. There ought to be a solid use-case and application for the tokens within the system.
Regulation: Given the exaggerated scrutiny of the larger cryptocurrency market, the restrictive aspects of any project will ought to be analyzed within the context of its jurisdiction before something.

Unique Selling Point

Novel Economic Model: CryptoProfile is one amongst the first platforms that concentrate on creating a consolidated delivery platform for ICO comes. The platform naturally aligns the long-run interests of stakeholders, with listed ICO comes getting the mercantilism exposure from the intensive network of investors global organization agency hold CryptoProfile’s native tokens (called CP). CP holders square measure financially incentivized to put together increase the mercantilism exposure of ICO comes at intervals the theme through the consolidated delivery mechanism.

Team

All of the team members of CryptoProfile depends at intervals the country of its incorporation, that's in Singapore. there's a whole of seven core members that structure the team, headed by easy lay metric weight unit, the manager. easy lay has been at intervals the cryptocurrency house since 2012, specializing in cryptocurrency education and commerce on his previous endeavors. He has to boot been credited as creating a world charting methodology with associate degree calculable accuracy of eightieth on speculation detection. at the aspect of his co-founders, they're advisors to varied ICO comes at intervals the first stage spherical. A notable highlight is CryptoProfile’s international Business Development Director, Amarpreet Singh, WHO is rated united of the very best 10 international ICO/STO authority and was a former economic authority to the world Bank.

Token Economics & Utility

Summary

From its humble beginnings that focus on cryptocurrency awareness and education, Cryptoprofile has massive into a old marketing agency that has its sight on redefining the airdropping methodology. Being associate integral and distinctive part of the cryptocurrency world, airdrops has sometimes been unreliable and restricted in its effectiveness as a marketing tool. With a platform specifically focused on delivering worth to new ICO comes and financially incentivizing all stakeholders among the strategy, the long vision of each ICO project is calculate to the larger community.