CoinDaily ICO Review
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Summary
Project name: CoinDaily
Hard cap: 17 000 ETH
Token type: ERC-20
Hype level: Medium
Project Overview
What does the company/project do?
CoinDaily is a venture which has a history of evaluating and analysing various ICO projects and crypto markets. CoinDaily’s aims to further enhance their platform by providing investors relevant information about ICOs, which will help them make better investment decisions and at the same time provide quality projects the opportunity to reach a wider audience.
How advanced is the project?
Right now project is in the early stages of development and doesn’t have MVP. Full launch of the platform is expected by October 2019.
Opportunities
- The project is being created on the basis of the existing rating agency, which has been successfully operating since 2016 and already has more than 150 000 users.
- CoinDaily has serious investors and partners, including crypto funds (FBG One, Kenetic Capital, GBIC and others) and exchanges (OKex and Binance), this allows to expect good listings and liquidity after the completion of ICO
- The project has good token metrics: low hardcap and lock-up of the most of the tokens for at least one month, this should affect positively on dynamics of the price of the token
Concerns
- The project is in the early stages of development and still doesn’t have MVP
- The platform in itself doesn’t need to be built on blockchain as many of the core functionalities could be achieved without the use of blockchain technology.
Conclusion
Short term potential: Excellent
CoinDaily has very good token metrics and very strong investors and partnerships, with these factors it is a good candidate for flipping.
Long term potential: Positive
CoinDaily`s team has good experience in the market as their rating agency has been operating since 2016 and they are going to do business in the ICO market that has huge potential itself, so CoinDaily has high chances to succeed.
For more information about the ICO, please visit the following links:
Website: https://www.coindaily.io
Telegram: https://t.me/coindailyEN
Twitter: https://twitter.com/THECOINDAILY