Crypt-ON - a multiservice p2p platform to provide safe and secure transactions based on smart contracts. Besides the escrow service, the Crypt-ON ecosystem includes a p2p lending service, a crypto freelance marketplace and a p2p local crypto-exchange. Crypt-ON is aimed at a wide range of users — from beginner crypto-enthusiasts and freelancers to marketplaces and managers of blockchain projects. Using a variety of Crypt-ON services it will be easy to buy and sell goods, apply for loans, look for work or hire professionals and to exchange cryptocurrency for fiat. All operations of the platform users are stored in smart-contracts. Users’ reputation will be determined through the trust token smart-contract mechanism. All user actions, transactions results, reviews and etc. will affect their rating. In fact, a trust token is a cryptographically secure rating of the reliability/trustworthiness of each user in the Crypt-ON system and it is stored in a smart-contract. There is another security feature to protect our users: an independent arbitrage system which is getting more and more independent with the ongoing project’s development and eventually forming a full-fledged community where DAO delegates will act as judges. Creating a DAO on the foundation of the platform is an important task for the Crypt-ON team. Thus, many of the tasks associated with developing a platform, improving functionality, increasing the user base and managing legal issues will be performed by the community itself. The mission of the Crypt-ON project is to create a global workspace for reliable and mutually beneficial cooperation of cryptousers all over the world. I-Point token (IPT) is an utility token, a universal way for settlements of any transaction on the p2p platform Crypt-ON. Also, using of IPT provides a 50% discount on fee services, insurance of trades, access to hiring through the crypto freelance marketplace and rapid growth of user rating.
|1||Business Idea: Is business idea unique and sustainable? Is this idea solving an existing problem or addressing future opportunity?
As per recent pitch statistics, 90% of the projects are falling out of funnel for investors. Investors don't see the uniqueness of the project.
ICOcube Trusts: If the idea is unique rating should be 5 A successful idea in the centralized world is now moving to the decentralized world using Blockchain, the rating should be 3-4 If Idea is regular and no uniqueness then the rating would be low 1-2.
|2||Token Supply : Are you convinced with total token supply?
ICOcube Trusts: If total supply is open-ended consider rating wisely (1-5), Ether supply is unlimited whereas Bitcoin supply is 21 Million, Ripple Supply is 100 Billion. If total supply is closed-ended and compelling logic is given consider high rating (4-5)
|3||Token Economics: Do you understand and agree how the token is integrated with the businesses?
ICOcube Trusts: if the token is rotated/integrated well, consider high rating(4-5) else low rating (1-3).
|4||Team : Does team members have adequate knowledge of Blockchain and respective business?
ICOcube Trusts: if team members experience is good, consider high rating(4-5) else low rating (1-3).
|5||Advisors: Are advisors experienced in Blockchain projects and ICOs? if yes, consider high rating else low rating
ICOcube Trusts: if advisors experience is good, consider high rating(4-5) else low rating (1-3).
|6||Legal : Please verify Head office of the company as mentioned and ensure the respective country is not against to Cryptocurrency.
ICOcube Trusts: If the respective country is against to Cryptocurrency then rating should be Zero else high (4-5).
|7||Demand and Supply management: Do you see token will have adequate demand? Do you see that multiple businesses adopt the respective platform to conduct their business or use it for personal growth, entertainment?
ICOcube Trusts: if demand and supply are well defined and you agree, consider high rating(4-5) else low rating (1-3).
|8||Technology: Please check which Blockchain is used and please do your research whether respective Blockchain is scalable
ICOcube Trusts: if respective Blockchain is scalable with respect to handling transaction and load, consider high rating(4-5) else low rating (1-3).
|9||Marketing: Marketing is key for ICOs and communicating the business value.
ICOcube Trusts: if marketing plan is good, consider high rating(4-5) else low rating (1-3).
|10||Budget: PLease check whether the team has got the adequate budget to run the ICO and make the project successful. You can validate Blockchain project address and smart contract created address, check the Balance of the respective account, this information will be available as open data.
ICOcube Trusts: If you get enough inputs on current investment by founders and budget-related information, consider high rating(4-5) else low rating (1-3).