ICO Analysis: Peer Mountain
Published on June 22, 2018
By Daniel WonTeamCEO Jed Grant – Grant was named one of the top 200 European fintech leaders by LATTICE80 and has had a long career in tech, including IT at NATO as well as deep experience in compliance as CEO of KYC3.com, a leader in the compliance world that has been recognized for many relevant awards and honors, such as WealthTech Circle in London, Disrupt.Finance in Zurich, Fintech Fusion in Geneva, Lux Future Lab in Luxembourg, and Europe4Startups.
In terms of advisers, two in particular stand out.
Jeremy Epstein, CEO of Never Stop Marketing – took Sprinklr, a customer experience management platform for businesses, from $20m to $1.8b in four years as CMO
Professor Jorge Sanz – Global Chief Innovation Officer in Banking at IBM
VerdictWhile the idea is great, Peer Mountain suffers from issues, such as a lack of strong team and advisors (relative to other projects), no working product, no disclosed significant partnerships, and a variable total token supply as well as token sale hard cap.
Risks Team could be stronger relative to other projects’ teams. (-0.2)
Same goes for advisers. (-0.2)
No working product. (-0.2)
No significant partnerships that have been disclosed. (-0.2)
Max PMTN supply and token sale hardcap are variable and not set in stone. (-0.5)
Maximum contribution amounts unspecified. Combined with heavy discounts for presale purchasers (30% – Presale 1, 20% – Presale 2), this could be worrisome for those looking to get in on the public sale. (-1)
Growth Potential Potentially huge emerging industry (staying compliant with data regulations). (+4)
First mover advantage – Peer Mountain seems to be the only project addressing the issues of personal data protection and data regulatory compliance at the same time. If things go well, they could cement themselves as the market leader quickly. (+3)
DispositionPeer Mountain is a promising project with a very strong promise. However, things like lack of a strong team and advisors, no working product, no significant, disclosed partnerships, variable supply and funding cap, and unspecified maximum contribution amounts make it somewhat of a risky investment. Further analysis is recommended for those interested. As a result, Peer Mountain receives a
4.7/10.Proof: https://hacked.com/ico-analysis-peer-mountain/