Topic: [ANN]EQUI - Bridging Crypto with traditional Venture Capital. Presale 01.03 - page 60. (Read 10089 times)

any company behind this project?? or any company support this project??

Oh okay, I will read your "white paper".

I checked the guy's LinkedIn. He is a web dev who recently started (5 months ago) a small venture in Blockchain.
I don't see how putting one guy (who isn't a blockchain dev at all) can help your case, he has no relevant blockchain experience.

So goes the white paper...

Speaking of which you have 43 pages, 2 of them are about your platform, 2 about the general blockchain stuff (yay a database, yay hashes and blocks)
The only relevant thing we can read about your platform (apart from the KYC stuff) is "It will be user friendly, aesthetically pleasing and provide all relevant information for an
investor to plan their investments and review their portfolio."
No actual technical details on the implementation. You have a picture so what?
What is your solution? Do you use metamask? If yes then why do you have an ethereum node, if no where do you keep the keys? Private/public solution?


Then on the business side...
If I understand you well people have to buy your token in order to invest it in some projects. If the project is successful and you have invested you get ROI and everybody can benefit from a % of your investment as well.
Which begs some questions:
- Why would projects use your platform and not do an ICO themselves? Especially if they will receive tokens.
- How will you update the rewards, you know that you can't update your smart contract automatically. Then who cares about your rewards since your product is not the businesses, your product is your token. Who cares about 50% of ROI when you are pushing 1000% with EQUI in a vary subtle way?
- Where is the business logic? You don't need 72 million to write a bloody 1000 lines of solidity code to do a demo


"Built on Ethereum Blockchain technology, EQUI disrupts the traditional venture
investment market and empowers the crypto community to join the next generation of
venture capital investors. Utilising EQUItokens, investors will be able to buy stakes in
emerging, entrepreneurial companies, and benefit from great investment returns and
rewards."

Why do you need Ethereum? Why don't you make your own fund and use fiat?
Assuming you've answered, why do you need a token? You can do the same stuff with Ether.

"Through a unique reward structure every EQUItoken holder will benefit from the returns
generated from realised projects, ensuring all interests remain aligned throughout
the project lifespan"
You are basically creating something like a DAO. Be very careful as the expectation of passive investment is a dangerous thing to do with unregistered instruments.
Right now you have no audit for that so proposing your token to everyone is not very legal. And your KYC won't save you.

"Following the ICO, the platform will be fully developed using the funds raised."
Oh so, a billionnaire can't put 5k on the table to pay a dev from India in order to sketch decent wordpress website/demo?



Conclusion

Too bad I do Blockchain project audit for a living and I see you people doing the same scams every time.
But I am sick of all the scams in the field, so I will tell what you really want to do.


You want to raise money from people with ambitious claims about how you are going to change and disrupt the world by basically throwing big words on the table.
Your white paper is a pure marketing plan to lure the newbie investor.
All you want to do in reality is a classic pump and dump. At best you will just run away with Ether and pay you a nice fee. Your use-case is weak, you have no demo. No real team, you don't have to put 13 people (with one technical guy) to do a website where businesses can register and receive your tokens.


Although I know I can't stop you and you will probably raise your 72millions anyway.
And as always your project will be as deserted as Augur shortly after your ICO.