Should you Invest in SmartContainers

in #ethereum6 years ago (edited)


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By https://bitcointalk.org/index.php?action=profile;u=2230830

SmartContainers is making containers that use IoT and blockchain technology. This lets companies track containers and record data related to them. The containers offer a precision cold-storage and that makes them ideal for medicine and food transport. This is the first attempt at making technology that takes the ability of a container reach the benefits of new technology.

Whether to Invest

At $40M, SmartContainers does not have a friendly hard cap. Could this hard cap be justifiable since the company wants to make a new operation into food transport, a lot of new containers, and also create a blockchain integration? That's a lot to achieve but $40M is a lot of money. As much as $10M worth of tokens will not be sold and these tokens won’t be burned.

The Good Part
Most of the token metrics are not tempting, but the good part is that the publicly declared information shows bonuses were capped at around 30%. That’s relatively decent considering the plunge in ETH price. All private deals have a lock-up so there shouldn’t be any major sell walls in the early trading and that may give the token some foundation.

Verdict

Given the high circulating supply and the high hard cap, this is not a good flip. Blockchain being used in containers is an experimental concept. An investment in new technology in any major industry could potentially be a good opportunity. SmartContainers has existed for several years so if it is going to succeed at this blockchain integration, progress should be visible in the mid-term. Again, that means this won't be a flip. The best potential for returns is in the mid-term since if the integration works, the tokens will pump. After that competitors are likely to develop something similar and that could make the long-term hold too speculative.

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