Automation is good, so long as you know exactly where to put the machine, or so the saying goes.
Being the boss of small or medium size enterprise can be a blessing or a curse, depending how one looks at the conundrum. On the one hand, you’re the top dog, the man on the throne, to whom all look up to in times of need.
On the other hand, you are likely to be mired in a myriad of tasks, from administration and customer meetings to, well, running the business. In a way, you may be a Jack of All Trades and master of none.
ObizCoin is here now to help that overworked man to do things better, by providing a blockchain-based, smart AI-powered virtual bot to assist you in making the right business decisions.
https://twitter.com/obizcoin/status/951053884520189953
This piece is an analysis of the facts available about the ObizCoin ICO. It should not be read as offering advice or a recommendation. While ICOs have quickly become a popular tool for funding projects and start-ups, they can also be very high-risk for token purchasers.
Additionally, ICOs currently have an unclear legal and financial status. Token buyers may find that their purchase does not offer them any security or equity because the ICO is closer to a crowdfunding initiative than a traditional IPO. As such, any investor who plans to buy tokens during any ICO needs to obtain all relevant independent advice and carry out their own appropriate due diligence.
ObizCoin: The bots of business future, all in the blockchain
https://youtu.be/WQyr26TvXdQ
Smart bots running on the blockchain have seen a rise in popularity and uptake in recent times, particularly since blockchain technology became stable and widespread. The concept of robotic process automation has taken hold in recent years.
A smart bot’s purpose it to assist human operators to do their jobs better by developing and improvising business processes. The bot will become progressively smarter due to its AI capabilities and machine-learning programming.
ObizCoin in figures & quick facts:
- Token Name – ObizCoin (OBZ)
- Total Token Amount – 300,000,000
- Pre-ICO Start Date – December 14, 2017
- Pre-ICO End Date – January 24, 2018
- ICO Start Date – January 29, 2018
- ICO End Date – March 14, 2018
- Soft Cap – $1.5m
- Hard Cap – $15m
The ObizCoin token
https://twitter.com/obizcoin/status/941530677547339776
As with any other ICO, the company will issue its own currency, the ObizCoin token (OBZ). OBZ is based on the Ethereum blockchain and the ERC-20 standard.
Obizcoin presents its token as follows: “OBIZCOIN (OBZ) token is a utility token. This product is not a digital currency, security, commodity, or any other kind of financial instrument and has not been registered under the Securities Act, the securities laws of any state of the United States or the securities laws of any other country, including the securities laws of any jurisdiction in which a potential token holder is a resident.”
Once created, the OBZ token will be distributed as follows:
- Pre- and ICO – 90%
- Team & Advisors – 8%
- Bounties – 2%
The team
https://youtu.be/TVcSBrn3Utc
ObizCoin’s site lists three founders, six advisors, and eleven team members.
The team is well rounded. It’s neither too big or too small. It fields a wide array of expertise, from blockchain and SEO experts, to digital marketers and Smart Contract professionals.
Overall, ObizCoin’s team appears solid and well balanced, with the right set of skills to suit this ICO’s objective.
You can learn more about ObizCoin’s team here.
Social Media presence and digital footprint
https://twitter.com/obizcoin/status/923180774865506305
A strong presence on Social Media is usually a good indicator of a company’s popularity, though it is not the only factor that determines success.
Here’s the numbers for ObizCoin at the time of writing (Early January 2018).
- Twitter – 546 followers
- Facebook – 553 followers
- Medium – 65 followers
- LinkedIn – 26 followers
- Telegram – 254 followers
ObizCoin’s presence on Social Media is effectively negligible, so this ICO does have a lot (A LOT) of work to be done if it’s to have any hopes of succeeding at all.
Social Media support is crucial these days, so the more channels that an ICO can reach out through, the better chances it has to garner a solid, loyal, and steady following.
ObizCoin’s digital marketers have a huge task ahead of them to make the brand known beyond local borders.
Competition
ObizCoin is not the only ICO that offers a smart bot solution for a particular problem.
Gimmer, NaPoleonX, or MultiBot, to name but a few, offer bot solutions running on the blockchain.
Competition in this particular niche is fierce, and may soon reach saturation point.
Website quality & layout
An ICO’s website is the first port of call for any potential investors, and if the site isn’t appealing enough, they will move on and forget about your proposition, no matter how good or viable it may be. It is therefore imperative to design a good website, to make a strong and lasting first impression.
ObizCoin’s site is secure, neat, and well organized. It displays information comprehensively, and in a logical manner.
The site include all the sections one would expect from and ICO (ICO, team, Whitepaper, FAQ, etc., plus a “Media” page that features links to pages where the ICO has been mentioned or featured.
Overall, the site is easy to use and navigate.
Whitepaper
A well laid out, informative, comprehensive Whitepaper is a must for any ICO, if they are to be taken seriously. Documentation is sometimes treated as an afterthought, leaving many companies open to some criticism.
ObizCoin’s Whitepaper is medium-size, clocking up at 33 pages. It is colorful, with plenty graphics, schematics, and tables to break the monotony.
However, the document features a lot of sloppy grammar and weird spellings, which detracts from the experience somewhat, and places a question mark over the ICO’s credibility.
These grammar and spelling error would have been avoided by using proofreading services.
Overall, ObizCoin’s Whitepaper ranks in the lower levels of ‘Acceptable’.
Conclusion
Smart bots are a great idea in principle. Powered by AI and imbued with machine learning capabilities, these cybernetic entities will go and do their tasks tirelessly, without asking for a day off or a decent pension fund.
Herein lies the problem. As we said at the beginning, automation is good, but only if one knows exactly where to put the machine. Investors may or may not know what to do with these bots, and if the fail to put the machine in the right place, the whole thing could collapse.
We’ll revisit this ICO’s proposition in due course.
