Strong Development Warrants Strong Funding ::: TrackR :::

generation.easy (65)in #trackr • 7 years ago

At least that is how it should be...

Unfortunately, cryptocurrency crowdfunds are largely based upon hype.
As the past few months have shown, many projects receive unimaginable amounts of funding with just an idea

No working product
No prototype
No use
Unknown timeline to complete

And because of those reasons, the value of many of these recent projects are now less that 50% than ICO price.

While legitimate projects with strong development and geared towards success are being passed over

One project where I have not seen a more success orientated and community driven development team is TrackR.
Even though the ICO has been disappointing, this team is ready to provide a top notch product for the cryptocurrency community and won't consider failure as an option - It just wont happen.

https://www.trackr.im/

A cryptocurrency tracking and portfolio management platform.

Track your investments across multiple exchanges with a range of modern analysis features for all levels of cryptocurrency traders.
Fully loaded with an array of alerting mechanisms, down to the basic updates on specific coins being watched all the way to A.I. learning trade recognition for impulse predictions (In English: you can set up indicators where the computer will learn from trading patterns to alert you of opportunities based on predicting an outcome).
On top of some great trading and analyzing tools, the platform is completely scalable for each users needs, whether you want to set up 1 or 2 coins to watch or to track 'ALL' of them, the system will scale to meet demands

This team is extremely passionate about creating a product that is not only highly needed, but also the best and most highly desired product available.

How is this done?

By actively developing a product based upon the community suggestions and ideas
Providing an alpha client for testing without any funding
Constant Whitepaper amendments to cater towards community needs
Aggressive development based upon realistic goals
Modernizing current marketplace options to destroy competition
Adapting to setbacks

Originally geared towards the mobile markets and smart phone application, the community response showed a much greater demand for a desktop client. (I may have been the first to request that a desktop version be top priority which helped get the ball rolling... surely debatable)

In any case, the community spoke and the development team responded quickly

The desktop client was always in the plans and projected in the road map but was originally of lower importance

Now the desktop U.I. will receive full attention and the majority of development.

Obviously, I totally support this shift in priority, but there is strong reasoning behind my support.
I personally like the full screen of a desktop when analyzing trading opportunities due to my lessons learned trading on tiny screens - Mistakes are easily made -
(Plus I hate typing on small screens with my fat fingers, I have been known to cause "Fat Finger" discounts!)

ICO Details

also found on the website: https://www.trackr.im/

With less than 4 days remaining in the crowdfund phase, the min. soft cap of 500 ethereum has been reached, but over-all is quite a disappointing amount based upon development and an alpha version already available for testing.
Obviously there is still time remaining to bring in funds, but I personally would have expected at least a $1 million in funding so far.

If there was a team and project that deserved more funding... TrackR would hands down be that team

Reasons to invest

The most important factor is the dedicated development team to the success of there product and the growth of its investment community. Projects with this level of dedication are rare in the cryptocurrency markets and typically build the strongest communities, which in turn, brings healthy returns for early investors.

Another factor to consider is the token distribution terms.
Based upon Ethereum smart contract, this token creation will burn all unsold tokens remaining at the end of the crowdfund.
At current funding levels -

The token burn will effectively destroy 75%+ of the supply

Now, this token didn't have an extreme amount to begin with:
providing a sold out ico, maximum tokens = 58.5 million

Based upon Development shares, bounty shares, and crowdfund sales...
If you do some simple calculations, the burn would make this token considerably more scarce with about 10-15 million in existence.
This doesn't always guarantee profit, but it definitely increases the likelihood of the remaining tokens increasing in value.
On top of it, the initial marketcap (At current estimates) will start out under $1 million.
Which basically says the sky is the limit when it comes to value appreciation with so much room for growth.
Where a successful product could bring in many multiples to initial investors within a fairly short time-frame.

Check out TrackR

Disclaimer:

These are my opinions based on interactions with the development team along with the progress I have witnessed.
I am invested into the TrackR ICO and plan to increase my position before the ICO ends