Gilgamesh
Better Future awaits
This article provides a business analysis of an ICO: Gilgamesh
This piece is worth a read if you are interested in Gilgamesh, searching for new ICOs, are passionate about decentralization & cryptocurrencies, or simply want to get a grasp of how to analyze companies from a purely business point-of-view.
This is an extremely long and detailed piece and a lot of effort went into it; I’d appreciate it if you’d acknowledge the effort with a simple like, comment, or share, and you can follow me to stay updated on upcoming ICOs business analysis.
Table of Contents:
Part 1: Introducing Gilgamesh
Part 2: Essential Information about Gilgamesh
Part 3: Valuing a Company
Part 4: Due Diligence
Part 5: TL;DR
Part 1: Introducing ICO: What is Gilgamesh
This project hits a major market: publishing.
Gilgamesh aims to build a social network where the community values time and knowledge and has easy access to the knowledge due to the power of its platform.
Gilgamesh will allow users to buy and sell information; it’s self-described as a system that will remove the middlemen in publishing and decentralize the publishing industry.
Users will use the GIL token to not only purchase content from authors, but to also purchase any service from service providers on the platform.
The GIL token is the medium of trade for the Gilgamesh platform; so, the issued token is genuinely valuable.
Part 2: Essential Information
Whitepaper: https://www.gilgameshplatform.com/pdf/whitepaper.pdf
Website: https://gilgameshplatform.com/?utm_source=bitcointalk&utm_medium=header&utm_campaign=bounty_program&utm_term=list
ANN Thread: https://bitcointalk.org/index.php?topic=2162600.80
TOKEN SALE: 15 JAN — 26 MAR
Ticker: GIL
Token type: ERC20
ICO Token Price: 1 GIL = 1 USD
Know Your Customer (KYC): YES
Restricted Countries: China; South Korea
Accepts: ETH
Country: USA
Part 3: What is Gilgamesh Worth?
A company can be valued in many ways; 3 common ways are:
Assets: You can value a business by calculating the new value of its assets; this isn’t a proper means of valuing a new crypto launch as a fresh business is in growing mode and is likely to have limited resources.
Revenue: You can value a business at a multiple of its revenue; the multiple should be derived from its competitors or other industry players.
This method is also challenging when valuing a crypto launch as most fresh launches have either inexistent revenues or have revenues that are far, far from their true potential and it may take years before they even scratch the surface of the goliath they may be one day.
Cash Flow: You can value a business by discounting its expected future cash flows. You can do this by dividing what you think a business may earn, on average, in a given year and then dividing it by a risk-free rate of return.
I advise using established corporate bond returns (~3%) as an almost-risk free measure of return rather than T-Bills.
I won’t give a figure to Gilgamesh as the answer to that can be highly speculative and a lot of positive or negative bias can seep in. Gilgamesh is trying to provide something unlike anything else. Finding estimates of what it will generate through a view of its remote competitors might provide a heavy spread between potential valuations.
Part 4: Where’s the Due Diligence?
I have made this piece to reflect an unbiased view of Gilgamesh. I cover the essential information, the sector competition, the potential of Gilgamesh, the valuation based on information provided by the team, and curated pieces of data about the project.
Generally, the conclusions individuals derived from due diligence analysis of crypt projects can be quite subjective. I want to avoid attaching subjectivity to this piece. Of course, given the fact that I am giving a thorough analysis of Gilgamesh, this project sparked my interest. But I’m not going to jump into the depth of its feasibility.
You should definitely take the time to evaluate the project feasibility and the prime measures for this would be presented goals, industry potential, community interest, and the team’s competency; team’s competency is perhaps the most important factor.
It’s quite possible that your confidence or interest in Gilgamesh could genuinely increase after you conduct a due diligence. Additionally, conducting a due diligence is always advisable as it allows you to set aside scams from projects that could potentially be major players in their industry.
The team is quite responsive and you can interrogate — ahem, question — them through their Telegram group, which is dedicated to ICO queries.
https://t.me/GilgameshPlatformGroup
If you see value in blockchain projects or simply want to join the potential the product’s industry holds, then take your interest to the next step and get to know the project better by contacting the team holding the project’s reins.
Note
As is the case with investments in any security or asset, you should invest in ICOs and tokens only an amount you are willing to lose. Investments in the crypto market are high-risk, high-reward moves and investor due diligence is imperative.
Watch Out
If you intend to invest in the project’s ICO, be sure to utilize the official project website. As disappointing as it may be, scammers are rampant in the crypto market and many try to scam investors through deceptive measures by identity theft of project leaders and phishing measures.
You should only contact official company social media profiles for your informational needs and queries, and you should invest in the ICO directly through the company website.
Part 5: TL;DR
Gilgamesh is building a platform that will serve as a social network that will promote knowledge learning. The GIL token is the medium of transacting on the platform and the platform allows consumers to purchase books and services directly from author and service providers.
If you find the project valuable or interesting, support it by sharing and liking this page and keeping up with company profiles.
Visit the links below :
Website :
www.gilgameshplatform.com
Whitepaper :
https://drive.google.com/viewerng/viewer?url=https://static.gilgameshplatform.com/pdf/whitepaper.pdf
Facebook :
https://web.facebook.com/gilgameshplatform?_rdc=1&_rdr
Twitter :
https://twitter.com/gilplatform
Telegram :
https://t.me/GilgameshPlatformGroup
Creator :
https://bitcointalk.org/index.php?action=profile;u=1196880