ICO Review: Experty.io

Experty.io , a blockchain-supported platform is unlocking the potential of people through knowledge transfer, not physical assets. This platform addresses the general problem consultants across the board.

This platform enables knowledge providers to earn revenue by providing advice to their contacts through calls. Experts in various fields set their rates per one minute call and offer consulting services to clients on the phone or desktop. They then receive instant payments from their clients through the ethereum safety crypto. Experty.io is bound to change the way professionals offer expert advice to those who need it most.

According to Expert Founder and CEO Kamil Przeorski, “One of the main challenges is that there is not much incentive for experts to advise on applications such as Skype, where there is no easy way for them to receive money for ad hoc micro consultations.

Furthermore, blockchain protects users from cheats and lets them encrypt their wallets for security precautions. The possibility of expanding the possibility of digital currencies now allows businesses and individuals to make micropayments, especially because bitcoin is efficient and flexible enough to allow this to happen. Some companies already use blockchain technology to transact using cryptocurrencies.

As a global ledger, blocking technology records transactions made using the digital currency safely and without control by the central authorities. This has created a variety of possible applications. One possibility is global access where businesses or individuals can make or receive payments with or without a bank account. Blockchain eliminates middlemen and makes transactions more cost-effective. Since it is not possible to forge digital currencies like bitcoins, users are guaranteed security and enjoy complete control over their funds.

Estimates show that user online transaction fees are at least 12%. In some cases, businesses lose more than 5% of their value when making online payments. With the use of blockchain technology, cryptocurrencies such as bitcoin and ethereum are increasingly filling this gap. Currently, digital currencies are used in more than 40 national currencies, about a quarter of all the currencies recognized by the United Nations as legal tender.

Token:

Using tokens as a payment tool makes sense for this project, but it may not make sense for experts who accept them as payouts. Many experts tend to be seniors and are not interested in receiving tokens for their work they have to sell on the exchange. It would be difficult to draw people onto this platform if they did not want to be paid for in crypto.

The EXT character is not very innovative as far as tokens go. Basically, any currency that uses smart contracts can be used on platforms like Experty’s. One interesting token function is its use in staking so that users can get premium features.

Experty has a great concept that has a valid use case. Using blockchain to solve peer-to-peer confidence issues is a good illustration of decentralized power.

Marketing:

According to the whitepaper, Experty plans to spend 40% on ICO funds for ‘Marketing and Community Building’ However, there is no proof of detailed marketing plans in whitepapers and it is not clear how Experty intends to win experts and seekers of knowledge for its platform. The ‘Go To Market Strategy’ section of the whitepaper needs to be better thought out.

ICO Information

Important Date: December 17 — ICO Started
Token Number: 100 Million
Cap: 33000 ETH (~ USD $ 15 million)
Token Type: ERC-223 token blocked Ethereal
Token Symbol: EXY

Exchange Rate: 1000 EXY = 1 ETH

This is not a ‘whitepaper’ project that does not have a working product. There are MVPs and their roadmaps have many important milestones by 2018, which should bring in revenue for the company.

Roadmap

Q3 2017 — Seed Investment of approximately $ 700,000
Q4 2017 — Alpha + Release Event of planned token generation.
Q1 2018 — Mobile / Webapp
Q2 2018 — Mobile / Webapp market launch
Q3 2018 — Desktop beta
Q4 2018 — Desktop Launch (iMacOS / Windows)
Q1 2019 — Refinements based on user input — open options for screen sharing (mobile + WebApp)

Q2 2019 — Open options for group calls

Market share of $ 15 million is pretty much for the ideal ICO number. It is high enough to give enough teams to develop their products, but low enough for investors to have a higher probability of profitability.

Technical Indicators Teams are young, but they have an extensive advisory list.

The core technical team comes from the ReactPoland web consulting company. They have years of experience developing apps, as well as an in-depth understanding of the consultations and issues that arise during client billing. Partnering with experienced leaders and international team members, the Experty team is ready to face challenges and ensure the success of the company.

Team:

For a young team like this, a good advisor is very important. 15 advisors (many!) Should be able to overcome the team’s shortcomings.

Hype:

This project has a nice hype, but not the most hype I’ve ever seen. Even so, based on the users ‘use of Proof of Care’ and Telegram and Twitter, everything looks pretty good.

Conclusion:

Overall, a pretty interesting project, pay attention to the current market environment, the fair value for Expertise for me is between $ 30- $ 50m which implies a 2–3x upside potential. Long-term prospects are harder to evaluate, this is highly dependent on how popular the platform is in the future.

Other Info

Website : https://experty.io

White Paper : https://www.experty.io/docs/Experty-Whitepaper.pdf

ICO Sale : https://pre-sale.experty.io/

Bitcoin Talk : https://bitcointalk.org/index.php?topic=2337020.0

Author : https://bitcointalk.org/index.php?action=profile;u=1329865

Eth : 0x64947F03e8d6C2dC65e9F4e87cFc651d1fadd82D