On ICOs This Week we review INTRO, a real estate sales platform, Eternal Trusts, a biomedical marketplace for the future and Inpactor, a portal for the Corporate Social Responsibility sector.
INTRO (ITR): An Ecosystem For Real Estate
INTRO is a project which hopes to become the next big thing in the real estate industry. Through the INTRO platform, the Estonian team want to provide a transparent and stable marketplace for residential construction. The company founded in 2009 has been working on the development of their mechanisms ever since, with their Pre-ICO running at the moment. The plan is to offer a platform where users can search for properties under construction within a large database, connecting potential buyers directly with the builder and providing discounts of up to 30%.
They’ll also offer official reports on construction and off-plan investments that are recorded in blockchain with no intermediaries or minimum commissions, thereby avoiding any engagement with real estate agents. The platform will also offer up-to-date information on the construction phases, the investment volume and state records, in order to find reliable developers and profitable properties. The downside? The marketplace only applies to countries where off-plan development schemes exist. The platform will also require a subscription per month to access any of their offered services, which will vary depending on the requirements of the user.
Token economics: as of right now they’re on their Pre-ICO, which will end on May 31st. The price per token is $0.28 and has a discount of 30% from its full price. So far, they’ve obtained over 385 ETH. As for the main sale, this will begin on June 1st and run until July 31st, with various bonuses depending on when you purchase. The ITR token will have a price of $0.40 with a minimum purchase per person of $12 and a maximum of $5 million. The Pre-ICO will have a maximum token sale of 10 million ITR and the main sale will have a Hard Cap of 148 million ITR. As for the payment mechanisms, INTRO plans to accept American Dollars (USD), Euros (EUR), Bitcoins (BTC), Ether (ETH), Litecoin (LTC), Dash (DSH) and Bitcoin Cash (BCH), which is quite a wide range of options. Although be aware, your tokens can not be sold for 1 year from the sale date. Additionally, no more INTRO tokens will be issued after the ICO and any unsold tokens will be burnt.
Token distribution; out of the 200 million ITR issued, 80% will go to token holders, 15% for advisors, 3% bounties and 2% for the team. As for the funds allocation, 65% will go to development, legal services, marketing and sales, while the rest will be distributed among team members, market research, infrastructure, licensing and other costs. The whitepaper is a bit dense to go through and could use marketing advice, although their one-page document is quite simple and easy to read. They got great scores on ICOBench and TrackICO. The team seems well-established within the real estate industry and they’ve got a large set of advisors to lead them through.
Eternal Trusts (ETT): A Biomedical Marketplace For The future
Eternal Trusts is a project that wants to develop a platform where individuals can devise products and services necessary for their well-being, where research groups can analyze potential demand for their latest developments, and where customers can create smart contracts that will ensure autonomous purchasing of future services. The platform is ideally suited for deferred operations with biomaterial and allows, using algorithms, for the acquisition of a wide range of biomedical procedures that scientists expect to arise in the future.
The project wants to offer users the possibility of a longer life, by offering products which although not yet available, will be, sometime in the future. Procedures like cloning or reanimation of cryopreserved people will be available for those who have opted to subscribe to the futuristic project. The team has segmented the market into 3 major groups, clients of cryo-companies, high-networth customers and middle-class customers.
The website is beautifully laid out, and it showcases how through smart contract technology, you can get an approximate idea of how to develop a personal account by choosing the desired contract. Depending on the dream, task or objective, users can select the contract term, the payment method and the biometrical storage to fulfill that dream. After selecting the plan, the website gives you an approximate date for when this technology could be achieved by humankind and the potential medical providers that are currently working on it. Although the website pretty much explains it all in a very easy to understand way, the whitepaper provides more insight into the project, it shows examples of how and in which cases this technology would work, it lays out the business plan, product development and marketing strategy, and much more. The team seems well seasoned and has a few advisors on board. The project has also scored high on ICObench, TrackICO and FoundICO.
Token economics: they’re currently at the Pre-Sale stage, having raised over $800,000 already, the pre-sale has a maximum token sale of 200,000,000 ETT tokens, approximately $2 million, with a price per token of $0.019 and will end on May 30th. The main sale will start on June 1st and will last until August 30th. There will be 1,750,000,000 ETT for sale, with a Soft Cap of $7 million. Price per token will vary from $0.014 to $0.021 depending on how many are left by the time you buy. As for the payment method, they accept Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Dash (DSH). With a total supply of 3,000,000,000 ETT, any unsold tokens will be burnt. The token distribution will be 65% for the sale, 15% for the team and advisors, 15% for a reserve fund and 5% for bounties. As for the funds allocation, 54% will go for sales and marketing, which seems quite a lot, 14% for research and development, and the rest will be distributed among legal and other expenses, administrative costs, payroll and supervisory boards remuneration.
Inpactor (CSRm): A Portal For The Corporate Social Responsibility Sector
Inpactor seeks to become the next Corporate Social Responsibility (CSR) platform for brands to connect to causes via a social network, equipped with features to fund, manage, measure, report and showcase social impact. The project is backed up by Incitement, a company founded in 2011 that has worked with CSR ever since, addressing more humanitarian issues by designing and implementing CSR solutions. Among their customers are some of the biggest brands such as Pepsico, L’Oreal and FedEx.
Using blockchain technology Inpactor aims to provide a transparent, reliable, and measurable approach to CSR by bringing together brands, causes and volunteers to help with social causes. Companies rely on CSR to improve their image in the world and to strengthen their brand name. Blockchain technology will come into play by providing a distributed ledger technology to provide transparency in the funding process. Smart contracts will provide a reliable mechanism for funds to be distributed as agreed, and the platform will be based on a Proof of Impact and Stake for Impact philosophy, where project stakeholders and beneficiaries will validate the reporting process while also providing a verified track record.
The website is well structured, they’ve ranked high among various ICO rating sites such as ICOBench, ICOmarks and others. The team seems young and energetic, and the advisory board has a lot of experience in different areas. Although the whitepaper dedicates over 20 pages to Incitement, their background and progress; once it starts talking about Inpactor it goes straight to the workflow of the project and how the platform will basically work. It also showcases the best features like project creation, volunteer recruitment and budget breakdown, and lays down economic details such as subscriptions for users and fees charged by the platform which at 5-10%, seems high for a socially driven project.
Token economics: the CSRm token will have a total supply of 240,000,000 tokens, based on the ERC20. The Pre-sale will begin on July 1st and will last until August 31st and the payment method accepted will be Ether (ETH). As for bonuses, they will vary from 50-80%, depending at which stage you purchase. The minimum investment is 0.02 ETH and the project requires a Know Your Customer and Whitelist process for people to take part in it. As for the ICO itself, it will begin on October 14th and will last until November 4th. The tokens distribution will be, 40% to the sale, 30% for the Stake of Impact and the rest among team, advisors and bounties. For the funds allocation, 40% will go into product development, 30% for business development and the rest to a reward pool, reserve fund, administrative expenses, security audits and legal fees. One interesting aspect about this particular project is that they offer a refund policy should you choose to no longer be involved.