AIDA Service
AIDA SERVICE provides automated sales and services without intermediaries. Our users are Customers, Producers, Logisticians, Warehouses and Network Partners.
AIDA SERVICE provides automated sales and services without intermediaries. Our users are Customers, Producers, Logisticians, Warehouses and Network Partners.
Project details
Incorporation status
AIDA Service, 14390476, Estonia, Tallin, Kesklinna linnoaosa 4-411, 10915
Stage
Alpha version
Token description
ICO date:
28.02.2018 - 25.05.2018
Platform:
N/A
Role of token:
Utility Token
Token price:
1 token - 0.25$ While Pre-ICO (04.01.18-25.01.18) - 15% Bonus
Sum of tokens:
100 000 000 for the amount of 15 000 000$
Blockchain:
Ethereum ERC-20
Consensus
method:
Proof-of-Work
Escrow agent:
Smart contract
Accepted currencies ICO:
BTC , BCC , LTC , ETH , USD
Bounty camping:
Airdrop, Bitcointalk etc
Token distribution date
No data
Markets
No data
Token distribution:
Unfortunately, your browser does not support displaying a chart
Investment attractiveness
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.
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.
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.
Finance
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.