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AIDA Service

AIDA SERVICE provides automated sales and services without intermediaries. Our users are Customers, Producers, Logisticians, Warehouses and Network Partners. The development of unique automated sales platform (service), which will target to resolve 90% of the existing market issues.

Rating: 2.2

Official contacts
Location: N/A
Web-resources:   Whitepaper Website
Social networks: N/A
Details Description Risks Full analysis Team

Detailed review

Stage of product development
Alpha version


Token description
ICO date
28.02.2018 - 25.05.2018
Token price
N/A
Platform
N/A
Blockchain
Ethereum ERC-20
Token distribution date
26.05.2018
Consensus method
Proof-of-Work
Escrow
Smart contract
ICO currencies
USD , ETH , BTC
Bounty camping
Airdrop, Bitcointalk etc
Markets
N/A
Token functions
Utility Token
Tokens distribution
Token Sale (76.0%)
Team (20.0%)
Partners (3.0%)
Bounty (1.0%)
Risks
MARKET

AIDA aims to deliver mainly construction materials through its services. The supply chain of construction materials is considered as a capital-intensive industry and so the team has to take it into consideration. There are several crypto startups in logistics that already raised money(Shipchain, Slogn). For instance, ShipChain raised 30M USD in by January 2018.

PRODUCT

The sphere AIDA is entering requires taking into consideration the country-specific characteristics of supply chain. However, the team wants to expand globally but does not provide the expansion roadmap and target countries. Currently, the MVP is not available, so it is not possible to test the product. Also, AIDA has no customers now. The team says that they will use Blockchain for a faster settlement of trades between counterparties. However, the team will use Ethereum Blockchain which is not highly scalable and can only support 15 transactions per second. The team aims to enter all CIS markets by Q4 2018 and expand to Americas in Q3 2019. However, the team has no previous experience of scaling any projects at the global level. Therefore, the provided expansion road map does not seem convincing. Also, the problem of corruption in supply chain that AIDA tries to tackle is not globally common. That is why, the team has to rethink its main goal during global expansion.

BUSINESS MODEL

AIDA will charge its customers 1%, while the average among competitors is around 15-20%. The team does not explain how this lower level commission will lead to profitability of the project. AIDA aims to deliver mainly construction materials through its services. The supply chain of construction materials is considered as a capital-intensive industry. The team does not explain how they will avoid or optimize these costs.

FINANCES

The team does not clearly state how many funds they aim to raise. There is no information about neither soft cap nor hard cap. The team does not state how many tokens they will issue. AIDA will reserve 20% of tokens for the core team. This figure seems high and there is no vesting scheme for bonus.

TEAM

CEO of AIDA (Nysanov Ualikhan) does not have strong previous experience in technology. Even though he has profile on LinkedIn, his previous experience is not clear. IT Director's experience (Denis Goncharenko) cannot be verified using linkedin. Several developers of the platform are still students and AIDA is their first experience. To sum up, the whole team experience is not clear and there are strong doubts that they will be able to deliver everything outlined in WP.

Full analysis
Market

AIDA is entering the market of procurement software. According to IDC, the market of procurement software grows at a CAGR of 7.3% and is expected to reach $5.6 billion by 2020. Half of the world procurement software market is covered by large global players, such as SAP, IBM, Oracle. Apart from this, there are several crypto startups in logistics that already raised money. For instance, ShipChain raised 30M USD in by January 2018. AIDA aims to deliver mainly construction materials through its services. The supply chain of construction materials is considered as a capital-intensive industry and so the team has to take it into consideration.

Product

AIDA aims to create a decentralized automated sales service that will help to make procurement process more effective. However, the team does not explain "how" the automation of data processing will be implemented. Currently, the MVP is not available so it is not possible to test the product. Also, AIDA has no customers now. The sphere AIDA is entering requires taking into consideration the country-specific characteristics of supply chain as the project aims to expand globally. However, the team does not provide the expansion roadmap and target countries. The team says that they will use Blockchain for a faster settlement of trades between counterparties. However, the team will use Ethereum Blockchain which is not highly scalable and can only support 15 transactions per second. The team aims to enter all CIS markets by Q3 2018 and expand to Americas in Q3 2019. However, the team has no previous experience of scaling any projects at the global level. Therefore, the provided expansion road map does not seem convincing. Also, the problem of corruption in supply chain that AIDA tries to tackle is not globally common. That is why, the team has to rethink its main goal during global expansion.

Business model

AIDA will use commission-based business model. It is worth noticing that construction materials delivery businesses are usually concentrated around large suppliers which do not need marketplaces. That is why, the marketplace model for AIDA does not seem as the most appropriate. AIDA will charge its customers 1%, while the average among competitors is around 15-20%. The team does not explain how this lower level commission will lead to profitability of the project. AIDA aims to deliver mainly construction materials through its services. The supply chain of construction materials is considered as a capital-intensive industry. The team does not explain how they will avoid or optimize these costs.

Finances

The team does not clearly state how many funds they aim to raise. There is no information about neither soft cap nor hard cap. The team does not state how many tokens they will issue. Most of the collected funds will be spent on product development and marketing. AIDA will reserve 20% of tokens for the core team. This figure seems high and there is no vesting scheme.

Team

CEO of AIDA - Nysanov Ualikhan - does not have strong previous experience in technology. Even though he has profile on linkedin, his previous experience is not clear. IT Director's - Denis Goncharenko - cannot be verified using linkedin. Several developers of the platform are still students and AIDA is their first experience. The experience of business development part of the team is not given in any source. Several team members cannot be find on Linkedin. For instance, Kunsakov Arman's linkedin profile page is not available. To sum up, the whole team experience is not clear and there are strong doubts that they will be able to deliver everything outlined in WP.

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