Superbloom is Primed to Optimize How You Invest in New Tokens
Superbloom is Primed to Optimize How You Invest in New Tokens
Last year, the crypto market cap cracked $500billion[1] - not an easy number to take lightly! It was an unforgettable moment in crypto.
One important component of the crypto world is/are the ICO(s). According to a recent report by the VC group Mangrove Capital, if you invested in every ICO, even those that failed, you would have a 1320% return on your investment. However to invest in an ICO there are few things we need to be aware of...Starting with the possible scams and frauds.
To avoid the scams, you need to spend time assessing the project. et us call this approach the ITAT approach:
- The idea
- The team
- The advisors
- The token distribution and usage
So as an investor in any ICO one need to conduct a thorough analysis which in most cases a technically challenging process and time consuming.
Imaging having to run the analysis on multiple ICOs and we all know well how many ICOs are out there. Numerous numbers of them. The pace ICOs popularity is spreading is faster than the advancements in the ICO tools.
So far I have talked about two primary issues the analysis and lack proper enhancements for easier ICO investments. Superbloom is set to solve those two major problems through providing a platform where investors would be able to assess a given ICO in a safe and organized manner. Something similar to a crowdsourcing of information. collaborative assessment where checklists are created and as templates for other new upcoming projects. The platform also allows access to top projects which can be used as a reference to create a better checklist. The checklist is a summary of things an ICO should satisfy to classify as a legit and likely to succeed.
The platform goes beyond just analysis and contributes to the ICO progression in general; According to [1] one offering Superbloom is offering is a tool for pool investments. Instead of users manually collaborating in various groups or other mediums to create and a manage and investment pool they can achieve the same in a seamless and easy manner in one platform.
Taking a bird’s-eye view of all of this we see a crowdfunding platform with a collaborative reviewing tool for investors to collaborate and invest. we expect to see a platform were several investors can collaborate in reviewing a given ICO rather then “pay” some listing/review website to list your ICO; this means you will end up eliminating being biased from the game. You are likely to end up with genuine review. That is key. Superbloom also has a tool called Superbloom Quotient that helps in determining the viability of possible success of a given token.
Here how Superbloom’s pre-sale platform looks like:
When are through the review stage and you decide to invest in a given project or when you feel confident from others reviews you decide to move to investing. The way it currently happens is you go on and check out the smart contract in place and whether it has been audited. You also explore investing options, be it Fiat or Crypto. You prepare yourself and wait for the sale. It is a tedious process especially. Superbloom is offering and in the same platform a way to invest in a given ICO. You don’t have to go through the hassle of other projects you can do that from the same platform. What is more if you do not have much liquidity you can join what I have mentioned earlier the pools and still within the platform without having to waste time and possibly lose money (scams or fraud).
Here is how the contributions page looks like:
Now the big question; Is there a system or it is just an idea?
January of 2018 was a big even for Superbloom and precisely in Macau, China where the first version was launched. They are currently seeking regulatory approval in the US nothing official yet but it is in progress as it will depend on how the token would be perceived (as a utility token or something else)
Of the projects ran on Superbloom are Quantstamp and PowerLedger. Superbloom does not charge a transaction fee or a commission. To list an ICO on their platform you must distribute a portion of your ICO tokens to all Superbloom Members. Superbloom members receive on a yearly basis various tokens valued 10–20% of their SEED holdings. So HODL SEED if you want the best reward, If you have 10000 SEEDs you will get 1000–2000$ in new tokens. Keep in mind that companies on Superbloom are carefully vetted by Superbloom and its partners.
The number of SEEDs you hodl determines the reward you get. You are a member of the Superbloom community the moment you own 1 SEED. There three types of memberships in the platfom. Basic, Pro and Premier.
If you own SEED tokens anywhere between 1 to 9999. You are a member with the basic privileges. You will be able to go through reviews and purchase tokens right from the platform and of course get the free reward tokens from ICOs that sell on the platform.
If you own 10000–99999 SEED tokens you get what the basic member gets and top of that you get priority access to deals. You will also get to buy and sell with zero transaction fee
If you own more than 100000 SEEDs you will get priority access to new token sales. You get to also reserve up to 80% of private tokens pre-sale.
Here is how your portfolio would look like:
One thing you will notice here is how Superblooms is a more community centered; most of its features is about its members.
The brains behind this idea are:
Emmie Chang YC Entrepreneur and holds an MBA from UT Austin. She is currently the CEO of Superbloom.
Lydia Fayal Entrepreneur and a Johns Hopkins Graduate. She is currently the CMO of Superbloom
Alvin Wang Full stack developer and worked from Google and Visa. He is just currently the CTO of Superbloom
The total supply is 1 Billion SEED; the hard cap is $19 million. 50% of the tokens would be available for the sale. 15% would be preserved for the team and another 17% for the company’s reserve. The rest 18% is for the ecosystem development. during the sale the accepted currencies are ETH and BTC.
Resources:
Superbloom website: https://www.superbloom.com/
References
Superbloom whitepaper: https://www.superbloom.com (Accessed 11th May 2018)