Indorse
The company develops a social network with personal achievements (hobby, professional achievement) with additional functions: - the opportunity to receive a reward in the form of SCR tokens for the generation of new content and for anonymous selective moderation of other people's content. These tokens do not go beyond the platform - advertising on the platform, you can pay for recruiting services using IND tokens, which can be purchased in crowd sale, exchanged for SCR or in the future to buy on the exchange
The company develops a social network with personal achievements (hobby, professional achievement) with additional functions: - the opportunity to receive a reward in the form of SCR tokens for the generation of new content and for anonymous selective moderation of other people's content. These tokens do not go beyond the platform - advertising on the platform, you can pay for recruiting services using IND tokens, which can be purchased in crowd sale, exchanged for SCR or in the future to buy on the exchange
Project details
Incorporation status
Indorse Pte. Ltd - 2017
Stage
There is no ready-made version of the product
Token description
ICO date:
08.08.2017 - 08.09.2017
Platform:
Etherium
Role of token:
SCR The opportunity to receive a reward in the form of SCR tokens for the generation of new content and for anonymous selective moderation of other people's content. These tokens do not go beyond the platform IND Advertising on the platform, it is possible to pay for recruiting services using IND tokens, which can be purchased in crowd sale, exchanged for SCR or in the future to buy on the exchange
Token price:
IND price: IND : 1 BTC= 12,500 IND, 1ETH = 1000 IND (these prices are indicative and will be fixed at crowdsale).
Sum of tokens:
162 000 000 единиц
Maximum cap:
4 000 000
Blockchain:
Etherium
Consensus
method:
-
Escrow agent:
-
Accepted currencies ICO:
ETH
Bounty camping:
Total Bounty Budget: 1,000,000 IND Tokens
Token distribution date
No data
Markets
-
Whitelist:
N/A
Token distribution:
Unfortunately, your browser does not support displaying a chart
Investment attractiveness
Market
The social networking market has a high entry threshold: the total number of investments in the leader of the segment of professional social networks was required $ 1.17B of linkedIn investment was required (more than 95% is accounted for by 25 crypto-instruments.) It is also worth noting the high consolidation of the market: 10 corpuscles (FB, Twitter, Instagram and others own more than 90% of the world market, moreover, the market is oversaturated with social networks. As an example, the case SnapChat: a relatively new player SnapChat, despite the venture investment of $ 2,47B inferior in the active audience of Instagram in viewing stories
Product
It is difficult to evaluate in detail the attractiveness of the product, because The prototype product is not represented. The main value proposition of the social network raises great doubts, both from the point of view of the necessity of using block technology technology, and in general the concept of reward for content and the purchase of advertising only for tokens. It is necessary to research and test the platform in the beta version with other forms of promotion (for example, scores) and evaluate the effectiveness of this measure on various indicators of the user's activity. Payment for advertising only tokens will place restrictions on advertisers' access to the site, which in turn will limit the potential revenue stream of the company • There is no public version of the product
Team
Based on profiles in LinkedIn CEO (David Moskowitz) and CTO (Gaurang Torvekar), one can conclude that there is a small entrepreneurial experience in both. However, the success of introducing a previous business can not be verified. CMO (Avadhoot Kulkarni) has an operational experience in marketing about 4 years, the correspondence of this experience to the tasks of promotion of a new social network is being questioned. The rest of the team corresponds to their qualifications
Model
Potentially, the participants of the social network will take a more active part because of the reward (using SCR tokens) in it and generate higher-quality content that will attract even more participants
Finance
Total IND supply: 142,000,000 (aproximetly) IND price: 1 BTC= 12,500 IND, 1ETH = 1000 IND (variables parametres, not fixed). The ICO will start on the 8th of August 2017, and will close on the 8th of September 2017. % of Tokens - Supporters (IND Buyers) 35% % of Tokens - Future Usage 40% % of Tokens - Advisors 5% (time-locked 240 days) % of Tokens - Founders 8% (time-locked 240 days) % of Tokens - Employees 5% (time-locked 240 days) % of Tokens - Marketing / Promotion 5% % of Tokens - Bounties 2%