ICO Project Miracle Tele (TELE)
Tokensale Start: 15/10/2018
Tokensale Finish: 15/10/2019
Miracle Tele is a project that provides users with a fully-functional telecommunications system using Blockchain technology. The Miracle Tele project is a complex inter-industry product that provides its customers with cheap and high-quality mobile communication and data transfer services worldwide, and makes profits from the growth of the network of telecom operators.
Business Model Overview Miracle Tele (TELE)
1. The validity of income
The business model combines both low tariffs for communication and other additional functions, most of which will be provided free of charge. This will ensure financial performance and steady growth of Miracle Tele. Payment for the telecommunication services provided will be made using TELE tokens. Token holders will be paid up to 40% of net profit in the form of remuneration every two weeks.
2. Number of currencies accepted
The project accepts such liquid currencies as: EUR, BTC, ETH, ETC, LTC, DASH.
3. Token emission
In the project there is a limited number of tokens. A total of 300,000,000 TELE tokens will be released (p. 50 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 48% (p. 50 White Paper).
The project plan specifies its goals by the end of 2021 (p. 49 White Paper). The distribution of tokens will occur as follows: 50% - “Sale of tokens”, 20% - “Promotion”, 20% - “Project Team”, 5% - “Premium”, 5% - “Legal expenses” (p. 50 White Paper ).
6. SOFT CAP / HARD CAP Ratio
The project has a poor SOFT CAP / HARD CAP ratio, which reduces its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 3,900,000 and $ 26,650,000, respectively (p. 50 White Paper).
7. MVP availability
The project has a developed mobile application available on the App Store and Google Play.
8. Risk assessment and insurance
However, there are no risk assessments according to international standards, as well as any methods of insuring risks, for example, Escrow, which increases the risk of capital loss for potential token holders.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD