Etherparty Analysis: The Verdict

For the analysis of Etherparty, I will be posting several smaller parts where I focus on one thing, such as: project, team, funding, road map, et cetera. By doing this, I can get the information to you faster so that we can have discussion sooner. In addition, I think the posts will be easier to read. After releasing all the parts, I will also post the entire analysis and a summary.

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Previous parts:

• Etherparty Analysis Part 1: The Basics
• Etherparty Analysis Part 2: Road Map
• Etherparty Analysis Part 3: Team & Funding
• Etherparty Analysis Part 4: Economics & Competitors

I have finished all parts and now it's time for the conclusion!

Project

✔ Brings smart contracts to the masses
✔ Built on the Ethereum network

Token

✗ Only needed for buying Etherparty services
✗ Etherparty could just charge ETH instead of FUEL
✗ Token likely created to get more funding

Road map

✔ Potentially on schedule for mainnet release in Q1 2018

✗ Not clear where the team currently is in terms of progress
✗ Important milestones are missing from road map
✗ Lack of details

Team

✔ Relatively large team, including a decent number of developers

✗ Advisors are listed under team, making it look bigger than it really is
✗ The team is largely (potentially completely) from Vanbex group
✗ Unclear how much time Vanbex allocates to the Etherparty project

Funding

✔ Backed by Seed funding from Vanbex

Economics

✔ Hard cap

✗ FUEL tokens received by Etherparty could potentially instantly be resold on the market
✗ Etherparty has not released any strategy with regards to FUEL obtained from users
✗ Tokens are never removed from the supply

Competitors

✔ Number of competitors seems to be limited
✔ Etherparty seems to be ahead for now

Conclusion

Taking the above into consideration, I will not be making any investments in FUEL. While I have a lot of confidence that Etherparty as a project will succeed, I don't think this will translate into gains for its token investors. Etherparty might sell a lot of subscriptions, but this will not necessarily translate into a high price for the FUEL token. In addition, some critical information to assess the progress and economics of the token seem to be missing or withheld.

Note that the above are my personal views only and not investment advice. It is meant for information purposes only.

Do you have any investments in FUEL?
Will you be investing in FUEL in the future?
Let me know in the comments!

That concludes the Etherparty series! I will soon release the full post and a small summary in case the parts were still too long.

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Thanks!
-longcat