ICO Project AuditStarter (AUDIT)
Tokensale Start: 01/12/2019
Tokensale Finish: 30/04/2020
AuditStarter is a platform that brings together users, developers and auditors. Auditors will be able to receive regular orders and independently set the cost of their services on the platform. Developers will be able to get an extended confidential audit report and promote their developed software for free on the platform. Users will be able to download proven software and are guaranteed to receive their funds back in case of failure or inability to conduct an audit.
Business Model Overview AuditStarter (AUDIT)
1. The validity of income
The project will receive income from the provision of services on the platform. Services provided on the platform will be paid using AUDIT tokens. The project team will send 10% of the cost of audit services to the insurance fund, for its use, if the token rate is reduced during the audit campaign to compensate the fixed amount to the auditors. Also, 85% of the token issue is provided for the payment of fees for participation in the platform. Unlocking tokens and payments occurs monthly in equal parts for 10 years. The monthly remuneration is distributed in the community of platform members in proportion to the contributions for participation in completed campaigns of the reporting period.
2. Number of currencies accepted
The project accepts such liquid currencies as: ETH, BTC, USD, LTC, EUR, XRP, BCHABC.
3. Token emission
The project has a limited number of tokens. A total of 100,000,000 AUDIT tokens will be issued (p. 11 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 50%.
In the provided flow chart, the project goals are indicated until the end of 2020 (p. 25 White Paper). After the ICO, the developers will allocate funds as follows: 35% - “Development of the platform”, 20% - “Marketing”, 15% - “Research and development of the project”, 20% - “Legal and operating expenses”, 10% - “Insurance fund".
6. SOFT CAP / HARD CAP Ratio
Assessing the SOFT CAP / HARD CAP ratio is not possible because the project does not have a SOFT CAP value. The value of the HARD CAP is $ 721 650.
7. MVP availability
The project has been developed by MVP.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token holders.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD