ICO Analysis: Opet
Published on September 29, 2018
By Daniel Won
Proof:
https://hacked.com/ico-analysis-opet/Team
CEO Wilson Wang: Wang was a managerial director at Fosun Group, a multinational public company with over 10,000 employees, and held several positions at Temasek, an investment management company based in Singapore.
Viacheslav Shybaiev: Shybaiev has worked as the product manager of the mobile store at Opera Software.
Abhijeet Pawar: Pawar is a former employee of Rakuten, Japan’s largest e-commerce company.
Oleksandra Burmenska: Burmenska was a lead engineer at Samsung Kiev.
Advisors
Michael Creadon: Creadon is the co-founder and the CEO of Traditum Group.
Jayarethanam Pillai: Pillai is an associate professor of economics and public policy at the American University of Central Asia, Kyrgyzstan.
Lim Boon Tat: Tat has worked as JC vice-principal at Singapore Ministry of Education.
Edward Ismawan Chamdani: Chamdani was a payment solution provider at Bank Danamon Indonesia and an IT architect at IBM Indonesia.
Partners
American University of Central Asia: Located in Kyrgyzstan, the American University of Central Asia is supported by the United Nations, World Bank, and Asian Development Bank.
Verdict
Below is a breakdown of the risks and growth potential of Opet.
Risks
No MVP is available as of the time of writing. (-2)
It seems unlikely for admission offices to accept data stored in Opet as a part of students’ application packages. (-1)
Growth Potential
Almost 95,000 users in the Telegram channel implies high community interest. (+3.5)
Listing agreements with Gibraltar Blockchain Exchange and LAToken Exchange. (+2)
Extensive documentation. (+1.5)
Disposition
To get offered admission into top universities, supplementary education such as cram schools and private tutors are almost a must, yet not everyone is fortunate enough to afford these expensive services. Opet provides an alternative method to the less fortunate, offering them a digital chatbot reinforced by artificial intelligence and machine learning. This tool is developed to provide information, advice, and help to students, aiming to improve their test results and the quality of education. Along with information on students, their test results and educational qualifications such as test results and certifications will be stored in an immutable, trustable blockchain so that any relevant party such as admission offices will have the chance to use the platform in order to verify these qualifications, although at this point it seems quite unlikely. The absence of an MVP at the moment is a concern, yet the extensive documentation shows how serious the team is about the project. Listing agreements with several exchanges are already finalized, so some degree of minimal liquidity and volume right after tokens are listed is reasonable to expect. As the number of people in their Telegram channel is around 95,000, which is quite impressive, some community interest is there as well.
Opet receives a 4/10.
Investment Details
Type: ERC20 – Utility
Symbol: OPET
Platform: Ethereum
Crowdsale: October 1st
Minimum Investment: 1 ETH
Price: 0.02 ETH
Hard Cap: 60,000 ETH
Payments Accepted: ETH
Restricted from Participating: Unspecified
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