The team is talented enough to know Stellar is a better option than Ethereum for this project. Here, read fresh analysis from the resource hacked, which gives a goodrating project
ICO Analysis: RainCheck
Published on September 4, 2018
By Joshua Larson
Proof:
https://hacked.com/ico-analysis-raincheck/Team
RainCheck was established in 2014, their current team consists of 11 employees and 12 advisors.
Cameron Wall is the Co-Founder. Stanford Grad. 25 years of experience in tech. “Founded various tech startups included hardware and software-based systems. Some successful exits and some failures. Technology and timing of the market are crucial to success. ”
William Lin is the other Co-Founder. Lots of experience as a Mobile Developer, including 8 years at Motorola.
Peter Bremner is the Chief Partnership & Strategy Officer. 20+ years tech experience. Was recently Director at AwareIT where he developed relationships with companies like HP, Cisco, and IBM.
Bin Wang is an expert in Blockchain and Big Data and has four years as Software Engineer at Motorola. He spent six years as Tech Manager at Kuyun Interactive.
The 12 advisors all look like legit experts in their specific fields. Pretty Impressive.
Verdict
We barely scratched the service when it comes to explaining this project. Please dive into the whitepaper to learn all about things such as their loyalty scheme smart contracts which will be released in Q1 2019.
Risk
Plenty of competition with more to come soon. (Loyalty Token, Bitrewards, Incent) -1
Would like to see much more transparency when it comes to what they plan to do with the funds. -1
Even though they will need lots of marketing, The $24 million hardcap could scare investors away.-1
The App has been out at least since 2016, yet only has 500 downloads on google apps store. Telegram has only 200 members. -1.5
Growth Potential
Real work being done. Active GitHub and the whitepaper is clearly written by professionals. Been around since 2014, App available here.+2
https://www.getraincheck.com/home/ The value of the loyalty rewards market is almost $500 billion annually with global marketing spend soon reaching $1 trillion ($225B Digital) +1
The team looks very capable. +2
One of the first projects on Stellar, should get love from the community. +2
Revenue model. Generated by subscription, transaction fees, loyalty marketing and data services. +1.5
RainCheck will eventually develop its own payment gateway and become a Stellar anchor by deploying its own Stellar Core, Horizon, Bridge Server, Federation Server and Compliance Server. +1.5
However, the lack of fanfare/users after being out since 2015, is concerning. 5.5/10
Investment Details
Symbol: RAIN
Platform: Stellar
Total Supply: 2,000,000,000 (2 billion)
Available for Sale: 700 million
Price: $0.04
Soft Cap: $6 million
Hardcap: $28 million
Presale: Live until November 4th
Crowdsale: November 5-30th
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