The DateCoin ICO starts soon after their pre sale recently raised an impressive 2,213 ETH.

The idea of using a cryptocurrency on a dating service is clearly not going to be a huge wow moment in the industry, and yet it is something that has not been explored to its full potential. That is where Datecoin is hoping to make a significant difference as they plan on bringing both of these things together in a new and innovative way. However, it remains to be seen as to whether or not they are able to make any in-roads into this market.
DateCoin Website Here

What is Datecoin?

As was just mentioned, this newp roject brings together the dating world with a digital currency. They combine both neural networks along with AI algorithms alongside the blockchain to ultimately deliver their service and product. They state that they are using the latest technology to help bring people together and are planning on making full use of big data to help with this point.

The service is planned to run along familiar dating app designs and services but rather than using a fiat currency to access services, users will be effectively forced into using the Datecoin cryptocurrency to complete the purchases. Of course, from an investment point of view this will turn out to be rather useful especially as the company openly states that they are quite content for their token to then be sold on the open market.

How big is the target market?

The dating market is estimated to be worth $5 billion and is quickly rising. North America and Europe as expected are the countries with the most revenue produced for dating websites and apps, however Asia is quickly catching up.

The Technical Aspect of Datecoin.

The platform is built upon Ethereum, and the token is an ERC20 token allowing you to use any Ethereum based wallet with the transactions. Also, thanks to what they are offering, there is no real requirement for you to download their own wallet which does make life so much easier for you since it will allow you to go ahead and use other cryptocurrencies elsewhere.

The company states that they plan on using the blockchain to deal with user verification issues as well as user identification and creating a secure environment for everyone on their network. This is achieved via distributed data accounts that will ensure each and every account is real to then allow users to forget all about bulk or fake accounts.

Of course, the fact that it is also built on Ethereum does mean that there is a greater sense of security due to the features that come with that particular platform. Also, the platform is known for both its stability as well as the ability to scale things up as and when required, which could prove to be extremely useful when dealing with an escalation in the number of users on the network.

With the token, it will be used to make in-app purchases, which is certainly along very familiar lines when it comes to dealing with a digital currency. However, the company states that their token is capable of maintaining its liquidity simply because of the increase in user numbers making the token more valuable as they wish to gain access to various parts of the service.

The Advantages of Using Datecoin.

For the market that is being targeted, the advantages of using the new platform are going to be quite obvious. By removing the possibility of fake accounts as well as the general security that comes with a decentralized blockchain, it should lead to individuals having more confidence in using the network.
Fake accounts have become a huge problem for dating sites, recently the TV program 'catfish' exposed a lot of this. Some people also set up fake profiles with the hope of scamming people.

The team behind the project has already invested over $900k of their own funds into the project. The proceeds of the token sale will be used to further develop the app and used for marketing to attract new users on to the platform.

The Financial Aspect and ICO.

Signing up with my link below gives an extra 3% bonus:
Website: DateCoin Website Here
When it comes to the financial side, and ICO, then there is ample information out there to help you with your decision as to whether or not this is something you should invest in. It should also be mentioned that both the United States and China is restricted from taking part.

For the purchase of coins in the ICO, then they do accept both BTC and ETH which has to be the norm for most of these opportunities. However, the actual exchange rate has been set during the ICO at a rate of 1DTC = 0.00025ETH. Furthermore, they have also set a minimum investment of 1ETH which may very well put some people off depending on the current rate of exchange.

As is also the norm, they have set a soft and hard cap for the ICO. These figures equate to $4 million for the soft cap and $20 million for the hard cap. They also state that they will seek to burn those tokens that appear in the ICO that are not purchased during this period.

With the tokens, there will be a total of 290,769,321 produced, and 65% of those will appear in the ICO.

Overall Conclusion About Datecoin and the ICO.

There is no doubt that the people behind the platform have an interesting concept that is directly attacking some of the major concerns that people have about dating websites and services. By using face recognition software along with additional security measures, people will no longer have to stress about those fake profiles or not knowing exactly who it is that they are talking to.

Due to the potential of the product, it can be relatively easy to see how this could very well be a worthwhile investment. However, this is going to depend on their marketing and ability to draw in users that subscribe to their service. If they achieve this, then the value of the digital currency is also going to increase quite significantly which then allows you to make a substantial profit on your initial investment.

The only additional point to make with this service is that they do state that they expect to have millions of users on their platform after several years, if they're able to achieve this then they'll be able to compete with some of the biggest platforms in the niche. However it's obviously still a long way to go before that happens.
Signing up with my link to their website will give you an additional 3% bonus on top of any other bonuses.
ANN Thread: https://bitcointalk.org/index.php?topic=2351857.0
Whitepaper: https://datecoin.io/static/documents/wp_en.pdf?v=5.5
Website: DateCoin Website Here
Bounty thread: https://bitcointalk.org/index.php?topic=2378603.0

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