Dropil
What Is Dropil?
Dropil is a autonomous investing platform and, is "Bringing autonomous investing to the cryptocurrency world."
How Is Dropil Different From Lending?
So I wanted to address this first because, a lot of lending platforms are getting Cease and Desists from Texas. (Yes, specifically from Texas) DROPIL IS NOT A LENDING PLATFORM.
In the traditional sense of giving your money to someone, yes, Dropil is a lending platform. In the non traditional sense, Dropil is allowing the public to use their autonomous trading bot and sharing the profits with you. Does this sound familiar ?(BITCONEEEEEEEEKKKKKKKKKKKKKKTTTTTTTTT)
READ ON!!!!!!!!
NOT A BITCONNECT 2.0!
Unlike Bitconnect, Davor, and all the other great lending scams out there, Dropil has taken the time out of their day to register as an IBC(International Business Company) . What does this mean for you? As an IBC Dropil has the ability to issue shares in either registered, or bearer form. So if the great state of Texas decides that Dropil is indeed selling securities, or share like assets of their company, they are a registered, IBC, with the ability to do so. (Correct me if I'm wrong.....in the comments)
Autonomous Trading Platform, DEX
Dropil lets you lend by investing your money into DEX.
A key aspect of the Dropil services is the automated smart trading robot
platform, internally and externally referred to as Dex. This platform is not a single bot
or strategy, but rather a carefully curated and tested set of automated bots – all
designed and programmed 100% in house. None of the logic or strategies designed and
used by Dex have ever been sold or given to anyone outside Dropil. Dex supports
running different modes which are a combination of logic optimized for specific tasks.
Each mode has a set of strategies it follows and will automatically switch to a different
set of strategies in reaction to market changes. The modes of the individual instances
operate independently of each other with no cross communication; however, all
performance is recorded in a central repository for continued analysis of all trading.
Dropil provides a lot of information regarding their bot platform in the whitepaper, including back tests of the bot, and a lot of other important information. If you want to know more:
Dropil Whitepaper
Back-Testing Video
Community
As far as I can tell Dropil doesn't have a very big community behind it. The telegram has about 1500 members in it, 500 followers on twitter, 3500 likes on facebook, and overall just not a very big backing community. This could be good in terms that we are seeing it early or, there isn't much demand for it currently. However the reviews of the coin have been getting positive feedback with many views on youtube.
Team
Finally a lend platform that shows their team and, where the founders are based out of, California. The team is not all in Cali though.
Transparency
Transparency to me is a big deal. This company is putting their names out there in a great manner. They have tried to eliminate all the negative aspects of current Lending communities and offer things like, No capital hold, interest earned given in DROPs, Affiliate bonus only during ico and overall, just a very sustainable business model.
Token Details
Token Type: ERC20, 18 decimals
Total Supply: 30,000,000,000
Sold In ICO: 15,000,000,000
ICO START Date: 02/07/18
ICO END Date: 03/07/18
Remaining Unsold: Destroyed or Distributed
Overall
All in all at the end of the day, I will be investing in this ICO. Everything about this coin screams great potential to me, with a legal foundation.