I do understand that some people not able to do research on ICOs, but those people shouldn't be investing then
Unfortunately, they are investing and they lost more than $1B on scams in 2017. alone. Those people are vulnerable and want to make a quick buck. One look at the ICO report could save those people a lot of money.
I don't understand what is unique in this project and why people should invest here? Why do you need blockchain and token for this idea?
Great question.
People always have to do their own research when investing, but sometimes they need more information that they either can't find or they don't have the time for it and would rather spend that time elsewhere.
There are people who only do their own research and that is fine, nothing wrong with that.
This project is providing the extra piece of information that might help you make the right decision and eventually save you time doing your own research on some aspects of the projects.
The information in the reports is factual and based on analysis from tested blockchain specialists who devoted their time to provide this information.
For example:
As an investor, you research the project tokenomics, financials, technical aspect and use case and conclude that this is a really solid project. Now you have to find out if the team is capable of executing the task, and if their team and advisors are real. Plus you want to know how well they handle social media. Of course, you can spend some time to get that info but you can also have someone else do it for you.
You can quickly skim through the report to see whats good, bad and ugly about the project. It is an additional source of information.
And the most important thing, reports are going to be affordable for everyone.
Why do you need blockcahin?
Blockchain provides simple mechanics which will reward and incentivize Detectives who write reports for the community who needs that information.
It is a system for information collaboration between crypto community.
Detective writes a report which is then stored in a decentralized DB, and is rewarded with the tokens for writing it. Each time that someone accesses his report he gets rewarded with tokens for it. So at one side, there are Detectives who spend their time and analyze ICO's to provide more information to the community and they get rewarded with tokens for doing so. On the other side, the investors can access the reports to find valuable information and reward Detectives for their work.
You can compare this to UBER where Detectives are drivers and Investors are passengers. The only difference is that UBER is a centralized platform where Crypto-Potential is decentralized and does not take any fees.
