ICO Project RIMS (RMS)
Tokensale Start: 01/10/2019
Tokensale Finish: 31/05/2020
RIMS is a decentralized monetary system that is in full control of token holders. The RMS token will be supported by both gold and the company's capital. Users will have access to P2P lending, and owners of pawn companies will be able to tokenize existing jewelry. In addition, users will be provided with an electronic wallet RIMS GoldO.
Business Model Overview RIMS (RMS)
1. The validity of income
The project will receive income from the provision of a P2P credit network and other products and services to users, as well as from advertising. The cross-border lending network RIMS-B P2P also offers services to banks, governments, public lenders and pawnshops. Token holders have the right to participate in the distribution of profits, as well as the right to vote and make decisions on the actions and directions of the RIMS network.
2. Number of currencies accepted
The number of accepted currencies includes 4 liquid currencies: CHF, ETH, EUR, USD (p. 37 White Paper).
3. Token emission
The project has a limited number of tokens. A total of 1,000,000,000 RIMS tokens will be issued (p. 37 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 100%.
In the provided technological map, the objectives of the project are indicated until January 2021. After the completion of the ICO, the project team will distribute the funds as follows: 70% - “Creating a system and operating expenses”, 20% - “Marketing”, 5% - “Research, education and training”, 5% - “Licensing and regulatory fees”.
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 $ 700,000,000 and $ 2,800,000,000, respectively.
7. MVP availability
The project does not have a developed MVP.
8. Risk assessment and insurance
The tokensale form is Security Token Offering (STO), which means securing sequrity tokens with assets, profit and cash flow. In addition, STO complies with investor protection laws and securities regulations. This increases corporate responsibility, reduces the likelihood of unfair behavior in the market and protects the rights of investors, which favorably affects the investment attractiveness of the project.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD