INVOLVE
The Involve model ( https://icoinvolve.io/ ) is not new but brings the blockchain model to the world of mobile apps. In a very simple way, developers can enter the Involce network, by paying with the system tokens, IQO coin, users on the other side can use the app of the network and receive tokens for use and specific actions that will be done. In the marketing world there are already solutions of this type, download an app in exchange for a specific economic value, or make a deposit of X to receive double when filed.
Involve takes 10% of the commissions and promises to share profits with the community, this might seem a security token but since we speak only and exclusively of tokens that are generated with shares and not with real money, do not fall under the category of Utility tokens.
ICO
The structure of the ICO is quite old school (a famous model in the summer of 2017), but I am not too sure it will still work in these market conditions. Soft cap put at $ 10m, a figure not too simple to simply collect with the public sales, the hard cap is instead at $ 30m, also in this case we are talking about figures that are not seen so often in these months, they are not too much sure it will be easy for the team to get this result.
Nowadays ICOs collect most of the capital during private sales and pre-ICO, there is currently no information on private sales, but as for the pre-ICO it is currently open for a few days, but only 5 ETH compared to the 50,000 target. There are still 14 days left until the end of the pre-ICO, but I do not think the goal will be reached. I remember that 68% of the ICOs from the beginning of 2018 did not get the desired funds, at the moment, Involve seems to follow the same fate.
At this precise moment 1 ETH is equivalent to 120,000 IQO, during the ICO it will be 60,000. We therefore have a 50% discount compared to public sales. Figures very inviting, but with so few ETHs gathered perhaps the Involve team did not use the preparation time in the right way. In any case, the ICO will continue until August, so there are still more than 2 months to collect the $ 10m required to see the project come to life. During the whole period of the ICO a maximum of 3.5B tokens will be distributed, so we are talking about a not indifferent total supply, well 10B.
The value is huge, but considering that you will get tokens based on the time you spend inside the applications I do not expect huge values for each token, in addition it must be said that to maintain a proper liquidity the number of 10B is not entirely unthinkable. Definitely structured for a full-speed project, but considering that it is an ERC-20 token and therefore the number is defined, thinking about the number of tokens required in extreme cases is not entirely wrong.
Development
Unfortunately the product is at the idea stage, there is nothing ready, so the risk of seeing a product like this come to life is very high. The other problem that could give a small alarm is the fact that the team has no knowledge of development or even blockchain. Surely they will use ICO funds to hire some developer, but as always if management does not know how to manage the resources that assume the delays in development will be on the agenda.
According to the roadmap, the team expects to have a beta around the end of the year and launch the product in the market in the first quarter of 2019. I honestly do not think this will be the case, I expect some independent developer within that time. It should also be said that if they manage to keep the community active for almost 9 months then they will be able to find a ratio of demand and supply not indifferent, this could lead many new developers to use the service, since there are many users who can get in a short time.
My fear is that you create a system similar to earn, where nobody really cares about who promotes what, it will be extremely difficult for the team to be able to avoid this problem, which in the end represents the real obstacle in the long run for a model of this guy.
Conclusions
The information is few, the project has a bounty campaign and counts a couple of thousands of followers on Twitter, so all in all the bounty campaign is working, but if the funds do not arrive unfortunately the project will not be able to see the light. In general, at the person level I like the idea, but I can only talk about this, because as mentioned there is nothing available. The white paper is available in many languages, including Italian, is well done, good design, but fails to enter the logic of the system at a technical level, due precisely to the fact that this component is missing in the team. However, there are 18 pages, which at an academic level would go to 10 given the large font and the space to make it attractive, but it stops to have a good appeal.
I think the team has a good presentation and level of sales and marketing, but they should be able to demonstrate it during this ICO. In a very simple way I believe that:
If the team could get the soft cap, they could probably find someone good at developing the code
If the soft cap is not achieved then it means that the project will never see the light and perhaps, perhaps, is for the best.
Team and Advisors
On a personal level I find myself a bit in the same situation as Hashcard for this point, the team is small and slim, and the list of advisors as well, as I wrote several times this is a very positive thing in my opinion because it means that the team he is not trying to get easy money and does not take random people when they are not required. Unfortunately, however, none of the people in the team seems absolutely key to developing the product. It must also be said that a CEO has not been appointed, I believe that the team is aware of the lack of an important pawn to bring the product to the next level. If they could find the missing people thanks to the ICO's funds, they could, perhaps, achieve the goals they have in mind.
For all those interested in finding out more you can visit the website: https://icoinvolve.io/ .
For More Information About Involve ICO:
Website: https://icoinvolve.io
Whitepaper: https://icoinvolve.io/white-paper
Telegram: https://t.me/involve_bounty
Medium: https://medium.com/@Involve
ANN Thread: https://bitcointalk.org/index.php?topic=3337075.0
Post By Rashedul Hoque
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2120292;sa=forumProfile
ETH Wallet: 0xb3fB2a4900337f8706d079C3de38f21E55a52d7B