DACSEE ICO Review from Various Aspects

DACSEE Project Overview

The DACSEE project has been operated by five-person core team with headquarters in Malaysia, but the network owned by the DACSEE project team is extensive covering Southeast Asian regions such as Thailand and Indonesia and even seen the flag of Japan and South Korea on its website. The DACSEE Project Team has initiated the project from 2016 starting from the idea review, concept creation and development up to the implementation of the tests until in the first quarter of 2018 has been achieved product development. This project actually started for 14 months ago and is now in the process of refining the system and its products only.

Examined from the concept and idea, the DACSEE project is quite promising as it will empower everyone gathered in the Pool Bonus of Membership Circle of Friend (COF). From this COF membership consisting of driver, passenger and also government, all will get bonuses collected and arranged by DACSEE system and mechanism. The amount of bonus depends on several parameters such as the size of community owned, seniority in the community, etc.

For starters, the DACSEE project will be launched in 3 countries: Malaysia, Thailand and Indonesia then will be developed to other developing and developed countries as DACSEE has been designed for online taxi services globally.

The advantage of DACSEE from other taxis, especially the current online taxis that are considered to be better than conventional taxis is the use of blockchain technology that enables Peer to Peer transactions due to decentralization, transparency, authenticity, confidentiality, accountability, and data sharing in blockchain technology. Things that will be greatly felt by the community with the existence of DACSEE using blockchain technology is the fare that will be more competitive than other online taxis and the opportunity to get the bonus as mentioned above earlier.

To better understand this DACSEE can be seen further in whitepaper issued by DACSEE on its website, but in general it is understood that DACSEE is a platform that is the first created in the world with the concept to empower everyone in the field of ride-hailing or taxi, providing a fully decentralized and autonomous service that allows taxi drivers to pay their taxi driver's initial fee in the form of a crypto token on Ethereum blockchain protocol, while payments from passengers can be served with the same token or other traditional method with a regular fiat payment. This general definition can be found on the DACSEE whitepaper at the following link: https://dacsee.io/app/images/documents/dacsee-whitepaper.pdf.

The DACSEE project was formed by a team of highly experienced personnel and experts in their fields:

Lim Chiew Shan; CEO & CO-FOUNDER
Atthapon Sittichaiareekij; CO-FOUNDER
Raymond Tay; AFFILIATE PROGRAMS ADVISOR
Wai Seng; LEAD OF ANDROID DEVELOPER
Abdo Mokhtar; LEAD OF IOS DEVELOPERS

Implementation of DACSEE project is a manifestation of the concept that has been created and developed includes 3 phases namely:

• Phase 1 Work Prototype - Initial Application - Integrating & Implementing Token Ethereum
  The iOS and Android mobile app from the fiat version has been completed and is available for testing

• Phase 2 Drive Driver and Passenger Recruitment - Implementation of Application Update - Marketing
  Before the network goes live, all interested drivers and passengers can refer others to the platform and claim them on the Circle Of Friends network.

• Phase 3 Integration on and off-boarding - 3rd Party - Live Launch Software Launch - Cost & Bonus Fees Participation

DACSEE Road Map

Overview of DACSEE ICO

For the development of the DACSEE project, the team has drawn up budgetary funding requirements as well as generating tokens to be launched on ICO. At the beginning of the ICO, a total of 3 billion DACSEE tokens will be pre-mined on the Ethereum network on October 3, 2017, with 18 decimal places and the total number of tokens permanently fixed.
DACSEE funding will be conducted in three round: Angel round, Pre-ICO round and ICO. Detailed explanations of each series are described in the following table taken from DACSEE whitepaper.

In the ICO round, there are further application developments that will be available for use and for testing will also do additional marketing outreach to the public; which means that investor risk will be greatly minimized in this round. This final round will end on May 31, 2018 and all ICO DACSEE tokens will be distributed to all contributors at the latest on June 14, 2018.

DACSEE ICO Analysis

DACSEE ICO has been opened since Angel stage is October 17 and ends on November 16, 2017. As can be seen in the table, this Angel stage gives a bonus of 50% of the purchase because it is expected a great deal with this big bonus. The second phase is Pre-ICO implemented from December 1, 2017 to February 28, 2018 with bonus gradually starting from 30%, 20% and last 10%. The last stage is followed by ICO which will end on May 31, 2018 without any bonus.

In terms of time, the ICO DACSEE has been implemented long enough since it opened at Angel stage on October 17, 2017 and will end on May 31, 2018. Total ICO implementation for 6 months and a half, long enough time for an ICO. But looking at the total funds already has been raised amounting to 25 million USD (- + 300 billion Rupiah), the time during which it can be compensated fairly well.

The project or product from DACSEE is classified as good project and a promising one because there are already ready-made products in the form of apps that can be downloaded in the app store and already known by the Malaysian people as a place of testing DACSEE that runs this well. In addition, this project has been started since the first quarter of 2016 and continues to perform activities from the recruitment team to approximately 15 people with a core team of 5 people who have been described above.

In addition to that, DACSEE relationships become another force to be able to grow more rapidly. To date, DACSEE has established relationships and cooperation with business partners and government. This can be seen from the occurrence of names such as Quoine, the Ministry of Malaysia and Indonesia, KADIN (Indonesian Chamber of Commerce and Industry as an entrepreneurial institution in Indonesia), one of the founders of Thai citizenship, in cooperation with the South Korean government and Japan, and quite a lot again. In terms of this good relationship and cooperation, DACSEE already has the power to operate well when later entered the exchange.

There is a unique DACSEE policy which is the compliance with the regulations in each country that DACSEE will enter, which is important for the development of the DACSEE business area so that it will be smooth and may even be supported by the government. Government support is coupled with the DACSEE scheme of Pool Circle of Friend (COF) Membership Bonus where the government is one of its stakeholders besides drivers and passengers. This DACSEE concept really empowers everyone so that later it is expected to easily develop and grow. From this COF that seems to be the core of the DACSEE project will greatly benefit the stakeholders, especially drivers, passengers and the government.

From the product side, DACSEE has a considerable advantage need attention. Among the advantages are:

1. The fare will be more competitive than other taxis because of the loss of intermediaries with blockchain technology, transparency, authenticity and high accountability.
2. Safety of either driver or passenger is higher than the existing taxi with the sensor of scream and vehicle tracking technology.
3. There is a chance to get revenue distributed from the COF Participation Bonus Pool, this will stimulate the use of DACSEE by both the driver and the passenger.
4. Compliance with government rules will make it easier for DACSEE for business development, it is important to expand the DACSEE network so that the DACSEE token price will be able to easily increase along with the increasing number of users both drivers and passengers.
5. COF mechanisms that will be of great interest to the public such as buying and selling COF, COF inheritance, etc.
6. Benefits for passengers who will be able to keep the driver they want in a list and as well as the replacement of drivers from the list when absent to other drivers who recommended by the driver who has been booked.
7. It is possible for DACSEE participants to "retire" by receiving income from their community through COF Participation Bonuses Pool.
8. Products that have completed testing and just to launch soon
9. Cooperation with the exchange such as Quoine so after the completion of ICO, now DACSEE has obtained the certainty of the sale or purchase of DACSEE token.

While from the view of point of personnel, DACSEE has experienced personnel with a minimum of 15 years’ experience in their respective fields. The duration is sufficient to know more for a field, so the resulting product is expected to be in good quality.

When viewed from the project journey, DACSEE is very mature with the development that started from the first quarter of 2016 until the first quarter of 2018 has reached product development only to complete the improvement and will be ready to be launched in second quarter 2018. DACSEE products are ready to launch in the market to show DACSEE's performance is competitive with existing taxis.

For communication, DACSEE has open wide communication channels from various social media such as Facebook, Twitter, Youtube and especially telegram, DACSEE open 5 channels for the center / official, Malaysia, Indonesia, Japan and Korea. So on the communication side, DACSEE is very open to the public.

In addition, the DACSEE team strategy that opens the exchange at the end of July 2018 while the product is launched earlier will keep the token price pretty good because the utility is already running and the demand will be available so the token price will be bright enough to avoid dumping.

Of the many advantages of DACSEE, there is still some space that needs to be more improved:

1. DACSEE marketing looks to be improved by looking at the number of group members in each telegram channel that is still below 1000 for the center / official, and members in other groups still have to be upgraded because no more than the official.
2. There is a need for an online admin in 24 hours so that all conversations from members can be directly addressed quickly.
3. Price per one token shall be included in the official document because the during ICO it will be very important for investors to know the price of the token even in whitepaper has included the formula price calculation but it would be better if the price of ICO to be stated.
4. DACSEE festivities in social media need to be improved because the role of social media today is very influential on a product particularly that is based on B to C business scheme.
5. Updating the data that is viewed publicly needs to be carried out quickly in order to see the transparency of the team and will be a measure of team professionalism in the public mind.

In general, the DACSEE Project is promising for both long-term and short-term investors because the DACSEE price is expected to be quite stable growing since it will be first opened on the exchange. That is the analysis of DACSEE ICO, a ride-hailing that will empower everyone.

More information can be referred to the link below:

Website: https://dacsee.io/#/
Facebook: https://www.facebook.com/dacsee.official/
Telegram:
Official: https://t.me/DACSEE
Malaysia: https://t.me/DACSEE_Malaysia_Official
Indonesia: https://t.me/DACSEE_Indonesia_Official
Japan: https://t.me/DACSEEjapan
Korea: https://t.me/DACSEEkorea
Twitter: https://twitter.com/DACSEEOFFICIAL
YouTube: https://www.youtube.com/c/DACSEEOfficial