ICO Analysis: InvestxPublished on October 13, 2018
By Joshua Larson
Proof:
https://hacked.com/ico-analysis-investx/TeamInvestx Ltd is a UK registered company, incorporated in 2010 and their team is pretty impressive.
Peter Edgar – Co-Founder/CEO. Founded The Oxalis Group in 2010 successfully exited in 2015. He’s now an investor and non-executive director for 3 companies.
Dave Hewitt – Co-Founder/CTO. Since 2013 has been Partner at Equal Experts, who provide tailored, end-to-end services in software development and delivery, and have 10 offices throughout the world with between 500 and 1,000 employees
Leon Sloyan – CCO. More than 3 years experience as International Commercial Manager at HSBC, then spent 3 years as Relationship Director for Santander UK (over 10,000 employees)
Richard Chambers- COO. Director of Finance team at Royal Bank of Scotland Senior Associate Director SBC.
Andy Gray- Blockchain & Smart Contract Consultant with 20 years commercial IT experience. DApp/Solidity Developer at Barclaycard, Full-stack Developer at Globility Ltd.
Four advisors are listed, including a Partner and Head of Commercial Fraud & Risk at DWF, a Managing Director at Central Business Finance, and an Engagement Manager at Equal Experts. Also, global top 10 law firm CMS will advise them on legal/financial regulatory work.
VerdictSTOs can and most likely will cause a major disruption in the current ways small/medium equity businesses operate. Investx is positioning themselves to be the front-runners in opening this brand new market for investors. The Investx platform allows crypto investors and holders to purchase shares in stable businesses, be paid any dividends and sell their shares all without using fiat on/off ramps.
Risks Standard Ethereum platform risks. -1
Their pre-sale starts Nov 1, but they have not started marketing at all yet. Telegram has only 50 members so far. -1
In order to become an investor, holders must create a platform account and pass KYC checks. This most likely leaves USA, China, and possibly even Korea citizens from being able to invest in new projects on their platform. -1.5
Regulation concerns: they have yet to become authorized and regulated by the FCA. the goal is for the platform to launch its first business listing on May 2019, and then they will work on launching a secondary market once they get FCA approval. -1
Major exchanges are afraid to list security tokens. Although INX token is utility, exchanges most likely won’t take the risk. -1
Growth Potential A brand new way for SMEs to raise funds! +2
The team is full of value. +3
Perhaps the most professional whitepaper I’ve ever reviewed. They even made a separate 19 page Currency paper, that gets into every detail of their Tokenomics. +3
They have an elaborate game plan to become authorized and regulated by the FCA. According to the roadmap, the platform will be ready and listing the first businesses in May 2019. +2
From the whitepaper: “We are opening up a currently inaccessible asset class at discounted costs. Our focus on stable, growing businesses means greater opportunities for immediate and stable long-term returns.” +2
DispositionThis is basically Ethereum for SME STOs. It has the potential to be massive. Lots of bleeding-edge risks though.
6.5/10Investment Details Symbol: INX
Blockchain: Ethereum
Total Supply: 34,375,000 INX
Presale: Nov 1 – Jan 7 (5% bonus)
Crowdsale: Jan 15- Feb 28
Price: GBP 0.80
Hardcap: 25 million
Softcap: 7.5 million
This is a good grade on this project.