ICO Project Venoty (VNT)
Tokensale Start: 05/03/2019
Tokensale Finish: 05/05/2019
Venoty is a project that provides users with an application for the development of children. The application will guide the child in the process of their own development. All information will be presented in a structured manner, each area of knowledge will have a large amount of content that the children themselves choose, be it audio books or games. The use of Blockchain technology will ensure the safety of the personal data of the child and protection during the exchange of data.
Business Model Overview Venoty (VNT)
1. The validity of income
The project brings together parents, children and teachers on one platform. Parents will be able to manage content using an administrator account. Also, for activity on the platform, users will be able to receive rewards in the form of VNT tokens. Authors of the projects are counting on more than 2,500,000 active users in the future.
2. Number of currencies accepted
The number of accepted currencies includes 4 liquid currencies: BTC, DASH, BCH, LTC.
3. Token emission
In the project there is a limited number of tokens. A total of 94 million VNT tokens will be released.
4. Discount on the purchase of tokens
Discount on the purchase of tokens is 34%.
In the technological map provided, the project objectives are indicated until the end of 2020. After the completion of ICO, the project team will allocate funds as follows: 5% - “Legal expenses”, 15% - “Marketing”, 10% - “Technical security”, 65% - “Platform development”, 5% - “Operating expenses”.
6. SOFT CAP / HARD CAP Ratio
The project has an excellent ratio of SOFT CAP / HARD CAP, which positively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 1,000,000 and $ 3,000,000, respectively.
7. MVP availability
In the project flow chart provided, there is no information on the presence of MVP.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments according to 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