ICO Project theCryptoWatch (XCW)
Tokensale Start: 02/07/2019
Tokensale Finish: 03/08/2019
theCryptoWatch is a project that provides users with a designed watch with an integrated cryptocurrency wallet. The project team also plans to develop its own decentralized exchange, through which users can safely trade in cryptocurrency. At the initial stages, the sale of watches will be carried out only for XCW tokens, then it will be possible to pay using cryptocurrency and fiat assets.
Business Model Overview theCryptoWatch (XCW)
1. The validity of income
The project will make a profit from the sale of cryptocals, by the end of the sale of tokens the project team will provide users with all the developed watch models, at the moment the design of 4 models has been developed. The founders of the project developed a model of a hybrid token XCW, which is both Utility and Security. Utility-token is a component of XCW and allows you to exchange user tokens for cryptohas. The price of the product is 400 XCW tokens. Thus, the price of cryptohasis at different stages of sales will be from $ 25 to $ 80. XCW security tokens will allow investors to receive dividends from sales of watches. All company profits will be distributed among holders of tokens. In the period from 08/01/2019 to 09/01/2019, the project team organizes the redemption of tokens for investors who want to take profits.
2. Number of currencies accepted
The project accepts such liquid currencies as: BTC, ETH, NEM, MONERO, XRP, LTC, DGB, DASH, LSK.
3. Token emission
In the project there is a limited number of tokens. Total will be released 10 million XCW.
4. Discount on the purchase of tokens
Discount on the purchase of tokens is 100%.
In the technological map provided, the goals of the project until 2020 are indicated. Distribution of funds collected during the ICO, will be as follows: 20% - "Software Development", 20% - "Advertising", 65% - "Release of hours", 5% - "Project Team".
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 $ 50,000 and $ 1,500,000, respectively.
7. MVP availability
The project does not have a developed prototype, but the provided White Paper contains a technological description of the product being developed.
8. Risk assessment and insurance
The form of holding tokensale - Security Token Offering (STO), which means the provision of sequrity-tokens assets, profits 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 ensures the protection of investors' rights, which favorably affects the investment attractiveness of the project.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD