ICO Analysis: WatermelonBlock
Published on July 2, 2018
By Gerelyn TerzoElliot Rothfield / Director and UX Designer. The website refers to Rothfield as the “leading force behind the experiential design of the WatermelonBlock app suite.” He’s launched businesses before and has a penchant for “creating communities … around empowering millennials.”
Sonia Miles-Khan is COO and an alum of blockchain-friendly financial firm EY.
VerdictWatermelonBlock has the potential to resonate with both newbie and experienced traders alike, given its access to real-time data analytics based on the crypto community. The website could be a little cumbersome to navigate, particularly the team section, but the overall project has the potential to strike a chord with retail consumers. Its use of AI and its access to the IBM supercomputer stand to give it an edge over other projects, but there are also other ways for novice investors to trade.
Risks Technology. The WatermelonBlock (WMB) token is an ERC20 based asset, while the company’s products will be built on the NEM blockchain. As a result, there is an increased chance for a malfunction in either of those technologies to impact either the ecosystem. (-2)
Competition. There are other options for novice investors looking to trade like an expert. eToro exchange, for instance, lets investors copy the investment portfolio of successful traders without having to make their own decisions if they don’t want to. (-0.5)
The app remains under development and isn’t expected to be unveiled until Q4 2018. While this is a common feature of ICOs, that doesn’t diminish the risk of possible delays for one reason or another (think Tezos ICO). Also, as is the case for most innovation, there’s no precedent to determine the effectiveness of the data analytics tool, no success stories from average traders who have made successful investment decisions from the app. (-0.5)
Growth Opportunity Key partnership. WatermelonBlock has inked a partnership with Big Blue, otherwise known as IBM, to access the AI and the Watson supercomputer. This is a boon for any startup, especially one that’s looking to win investor trust. Both sides seem similarly enthusiastic to work with one another. (+4)
Technology. AI is underrated and is likely to grab more of the tech spotlight in the coming decade. WatermelonBlock’s focus on AI now positions the project for long-term success and gives it a key advantage over its peers. (+4)
A global team of ICO advisors, including NEM Blockchain Consultant Jason Lee, who was named among the Asia Forbes 30 Under 30, as well as Boris Peter Manitius, an IBM Watson Specialist, and other crypto enthusiasts. (+2)
DispositionWe arrive at a score of
7 out of 10 for the WatermelonBlock ICO.
Investment Details Project Website:
https://watermelonblock.io/ Token Type: Utility
Platform: NEM
Symbol: WMB (an ERC20 token)
Private Sale: Now
Public Pre-Sale: July 27
ICO Public Sale: TBA
Token Supply: 400 million
Tokens Available for Sale: 240 million
Price: 11.6¢ per WMB
Investment Minimum: Round 1 = 15 ETH; Round 2 = 5 ETH; Round 3 = 1 ETH
Payment Methods: Fiat and cryptocurrencies, as per the white paper.
Jurisdictions Banned: United States, China, China, Republic of Korea and Japan
Contact:
[email protected]
Proof: https://hacked.com/ico-analysis-watermelonblock/