ICO Analysis: InnovaMinexPublished on October 29, 2018
By
Daniel Wonproof:
https://hacked.com/ico-analysis-innovaminex/TeamCEO Fernandez Garcia Sanz: Sanz was the director of editors at EDP zone, a publishing company based in Barcelona.
CFO Raul Berlanga Torres: Torres has worked as an administrative assistant at HP Spain.
Rafa Paez Vazquez: Vazquez has provided UX solutions for Opinno, a management consulting company located in Madrid, was the brand manager at Masmovil, a telecommunications company and the director of art at J. Walter Thompson Madrid.
AdvisorsKate Bublik: Bublik has worked as an ads operations officer at Experian, as a marketing executive at TIMWE, a Portuguese telecommunications company and as a marketing analyst at Eaton Moscow.
VerdictBelow is a breakdown of the risks and growth potential of InnovaMinex.
Risks Community interest seems rather low on social media platforms like Telegram and Twitter (~350 followers on each platform as of writing). (-2)
The hard-cap of $52,500,000 seems too high for this project given the current state of the ICO market. (-2.5)
Growth Potential The project is already quite ahead of the curve as they already have started to build facilities to conduct their operations. (+4)
Many team members have worked for mining companies or in relevant industries. (+3)
DispositionPrecious metals are widely accepted as one of the safest investment tools. Their rarity and durability are just two reasons why they hold high financial value. As higher purity implies higher value, its purity should be estimated by trustable sources, yet the average person does not have sufficient tools or knowledge to verify any such claim of purity. InnovaMinex provides tools to trace precious metals from the time when they have been mined to the time when a buyer has his or her hands on them. As all this data is stored in a public immutable ledger, not only can anyone verify a precious metalTs data, but these metals also cannot be used for illegal activities. INX token owners are given several benefits with the most impressive one being coupons and discounts to be used in the InnovaMinex e-commerce platform. Still, social media interest in the project seems low, and the team is looking to raise a bit over $50 million, which seems high given the state of the ICO market.
But, it should be underlined that the team has great experience in the mining industry and has been working on the project for a considerable amount of time. As the first phase of the public sale will offer a bonus of 30% the ICO investor should make his or her decision by then to not miss it. InnovaMinex receives a
2.5/10.Investment Details Type: Native Ц Utility
Symbol: INX
Platform: Native
Crowdsale: November 26th
Minimum Investment: 1 INX
Price: $0.5
Hard Cap: $52,500,000
Payments Accepted: BTC, BCH, ETH, LTC, DASH, ETC, USDT, and XRP
Restricted from Participating: Unspecified