Topic: [ANN] Spryone : SpryOne is a loyalty platform built on the blockchain (Read 170 times)

ICO Analysis: SpryOne
Published on October 8, 2018
By VlaSem
Proof: https://hacked.com/ico-analysis-spryone/

Team
The leadership team is presented below.

Jason Futch ñ Cofounder
Chief Software Architect / Partner at enVista (medium size company that offers consulting and software solutions firm enabling enterprise commerce for the worldís leading manufacturers, distributors and omni-channel retailers).
Has created several companies, which were successfully acquired ( Retail Point, Terrific Pets, Rapidlistings).

Christopher Cantella ñ Head of business development
Founded several no-name startups.
He was a director of merchant services at enVista

Kent Hamilton ñ Cofounder
Lead UI at AT&T ñ Developed a marketing budget web application for AT&T which is used to track expenditures of marketing campaigns.
ICO strategic marketing Advisor for Solve Care.

Advisors
Kevin Harrington
Kevin has launched over 20 businesses that have grown to over $100 million in sales each, has been involved in more than a dozen public companies, and has launched over 500 products generating more than $5 billion in sales worldwide with iconic brands and celebrities such as Jack Lalanne, Tony Little, George Foreman, and the new I-Grow hair restoration product on QVC.
Brian Evans
Inc. 500 Entrepreneur. Founder of one of the Fastest-Growing Private Companies in America. #7 Marketing Influencer on Forbes. #4 Most Influential Business Journalist. Top 10 Digital Marketer. Blockchain Influencer of the Year 2018.

Verdict
Please see both strong and weak points of investment below.

Risks
There is big competition if the field from off-chain solutions like Comarch, so it is hard to know how it will bet against competitors. -1
Tokens in circulation would produce quite a big supply side in circulation, which may result in a price drop. -1
Low hype for the project. -1
Overall valuation is rather high for such a project (around $28 million). -0.5

Growth Potential
The idea of a marketplace for loyalty points that is easy to use for users and businesses is rather unique and offer innovation in the space. +3
Building on a Quarkchain means faster transactions and lower fees than Ethereum as well as getting support from Quarkchain community. +1
Clear and understandable business case. +2
The product itself is not that hard to develop from the tech standpoint, which will lower risk. +1
Blockchain allows ensuring trust between platform participants. +1
The roadmap is rather fast (platform will launch in December 2019). +0.5
The team is average, but they have relevant experience in the product development both from the tech side and business side. Both founders have interacted with various merchants and marketing campaigns, so they understand how loyalty points platform can solve the relevant problem for the stakeholders. +1

Disposition
The project deserves interest, although its evaluation is overstated. The idea itself carries advantages and can get its share of the market. The product is fairly easy to implement and you can expect to get started soon. The team has the necessary experience to achieve the development goals of the project. As such, it can be considered for long-term investment. The overall rating is 6 out 10.

Investment Details
Type: Utility (ERC20)
Symbol: SPRY
Platform: QuarkChain
Crowdsale: TBA
Total Tokens: 1,000,000,000
Tokens for Sale in ICO: 350,000,000 (35%)
Price: $0.04 USD
Private Sale: 35% discount (3-month lockup on bonus tokens)
Hard Cap: $9,100,000
Countries Restricted from Participating: USA