Today I'm starting a new section called "Very early stage gems" as an experiment. On the ICO investment sector, secrecy is crucial, therefor, I'll post the review without giving clearly the name of the ICO project, though, with cautious reading you will find it out... if you find it, do not post the name of the project on the comments and keep it private. Thank's!
On this chapter #1 I'm going to present a project called ********* that want to create a blockchain network that connect through TOR. Their technology has privacy features that looks similar to ZCash, allowing the use of public and stealth wallet addresses. It has private communication capabilities, message signature, a block explorer and the typical backup functionality to recover the wallets. All this has been developed since 2 years ago and works on main net, right now, even before the ICO pre-sale start date.
Knowing this, I can say my interest on this opportunity has growth, as it's rare to find a so advanced project some weeks before the crowdsale.
Earlier today, I had the chance to have a video conference with their CEO, Derek, that got quite some experience on the investment sector as his professional Linkedin profile shows.
Not knowing much about the banking and debit card system they want to implement I asked Derek the difference between their project debit card and other similar products. One of those is that the debit card system they want to provide won't need to previously convert the tokens to fiat. The card will convert them automatically at the current rate when the client make a purchase.
Paying with cryptos is a feature much needed on the crypto community, as it break the barrier between the physical shops and the blockchain economy, and the actual providers of debit prepaid cards are usually applying large fees to their users.
Another interesting and ambitious objective they have, is to create a bank at Vanatu or Hong Kong, which would allow them to get a privileged position and outmatch other competitors on the crypto space providing debit card services. There are multiple legal and politic barriers to achieve that though, therefor the risk for such investment... but if they succeed, the news will certainly pump the price to the roof.
Yesterday I checked and their Github code was empty, apparently for security reasons and the links to download the wallets have been removed, but they have the software ready to be used as I could see and test on my own. The fact they are not allowing investors to download and see the code behind their project could run off the attention on this project, and give an exclusive opportunity to those who get on it before. My only doubt about this project concern the team behind it, as there are not incredibly top profiles, but knowing they have main net already going on, it relieved a bit my doubts.
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disclaimer: never invest blindly on any ICO that I could mention. always do your own research, take your own responsibilities and do not invest more than what you can afford to lose.