ICO Review: Zeepin Chain

ICO market is on a bull run and almost every other project is delivering good gains to its investors especially Neo based projects that have been performing really well recently. The project I am going to review today is one such promising project on Neo blockchain which aims to disrupt creative industry.

Zeepin.png

Quick Facts:

Name: Zeepin
Symbol: ZPT
Token Type: NEP-5
Total Supply: 500,000,000
Hardcap: 420,000 NEO (around $65 Million)
Sale Start Date: 18th January
Sale End Date: 29th January
Price: 1 NEO = 500 ZPT
Day 1-2: 30% Bonus
Day 3-4: 20% Bonus
Day 5-6: 15% Bonus
Day 7-8: 10% Bonus
Day 9-10: 5% Bonus
Day 11-12: No Bonus

What is Zeepin?

Zeepin aims to be a decentralised blockchain developed for the global creative industry. In Zeepin platform, each organisation or individual will have a reliable digital identity and be able to convert innovative or creative resources into digital assets. Zeepin aims to be the world's leading blockchain-based innovation, transaction, and crowd-funding platform for the creative industry.

Why Zeepin?

  • Problems with copyright confirmation and protection in the creative market.
    Copyright confirmation on a centralised platform is susceptible to tampering and hacking which weakens the copyright claim by the creator as a evidence in the court.

  • Lack of trust in the distribution mechanism for copyright assets.
    There is a lack of trust in the centralised system of distributing the authorisation to relevant stakeholders by the creator and profit sharing associated with it.

  • High transaction costs associated with traditional copyright process.
    In the era of lightweight innovation, that is ideas and intellectual property which may potentially be copyrighted, but which individually have small value, transaction costs associated with traditional copyright process is fairly high.

What does Zeepin offer?

In order to achieve their vision, Zeepin will be launching many dApps, each focusing on a particular pain point from a creator's perspective:

  • ZeeCrew: An efficient, cost effective way to outsource various tasks to individuals in order to quickly find team members with adequate skill sets required to make a project become a reality.

  • ZeeRights: A blockchain based copyright solution, digitizing creative assets by providing immutable proof that a copyright belongs to the one holding the signature. The Foundation aims to reduce the actual cost to the user for copyright certification to close to zero.

  • ZeeProof: "Zero-knowledge proof" blockchain based technique provides conclusive proof of copyright existence without disclosing any of the copyright contents, thus greatly reducing the risk of intellectual property violation.

  • ZeeSure Asset Insurance: A “One Stop Shop” for insurance for digital assets, as well as legal consultation.

  • ZeeCreate: Matchmaking service to quickly connect ideas and people in need of creative ideas without the need of a middleman, making the interaction entirely P2P.

  • ZeeTalent: A digital identity on the Zeepin platform. It provides a low-cost talent recruitment service, a fast and international communication method. Project parties can recruit teams worldwide using ZeeCrew.

  • ZeeFund Crowdfunding: The Zeepin foundation or third party service providers will verify a project request for Crowdfunding, if approved, will be opened to the community to fund the project. Funding will be done in ZPT.

dApps.jpg

Roadmap

Roadmap-2.jpg

Positives

  • Stong Team: The Zeepin team seems to be very promising and have relevant experience in the creative industry. The CEO Zhu Fei was former CEO of Arting365 and has a total experience of 15 years in the creative industry.
  • Scope: The scope of the project is huge, it is trying to provide a one stop solution for all the needs of a creative entrepreneur. The creative market in itself is huge and therefore if everything falls in place for Zeepin, they can certainly become huge players in this market.
  • Hype: As with most of the Neo projects recently, Zeepin has also gathered a lot of interest from the market, therefore making it more attractive investment opportunity.

Negatives

  • Hard Cap: Going by the current price of Neo, hardcap for Zeepin will be around 65-70 Million which is fairly high.
  • No Prototype: The Zeepin team has highlighted the progress of various dApps but currently it does not have a finished MVP.

Recommendation

I personally like the idea behind Zeepin and the scope of the project is enormous, with a quality team behind it, they should be able to deliver on their promises. However, risks associated with the project are high, simply because it does not have a prototype yet and we are unaware about many challenges that the team can probably face in future. Also the team needs to focus on too many things, which could be both good and a bad thing. Good because if it works out, it will be one stop solution for all the needs of a creative entrepreneur and bad simply because there are too many things to focus upon and they can end up being Jack of all and master of none.

Overall Ratings: 7.5/10
Investment Advice: Small Investment
For Flipping: Neutral
For Long Term: Neutral

Quick Links

Website
Whitepaper
Twitter
Telegram
Reddit

Image and Video Credits: Zeepin


Disclaimer: This is not a financial advice. I am giving my personal opinion, do your own research before making any investment decision. Do not invest more than you can afford to lose.


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Thanx for this informative posts.

Upvoted and Followed :)

Thanks :) Zeepin Chain ICO finished pretty quickly which is the case with almost every other ICO these days, lets see how it performs on the exchanges.

Great content! If you are interested, the ConcourseQ page for Zeepin Chain could use some critique in the Green lights and red flags section.

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