ICO Analysis: Agora
Published on July 4, 2018
By Daniel WonVerdictBelow is a breakdown of the risks and opportunities associated with Agora.
Risks If demand for VOTE tokens mainly based on Agora being used for elections, it seems that token demand is driven by the Agora team’s ability to get contracts. Contracting with governments to oversee elections is no small task (-0.2)
Related to the above, according to the table posted in the Token Economics section of this review, a 50 million voter election would only lead to a purchase of $1m in VOTE tokens. How many elections per year does Agora expect to handle? Agora won’t buy massive amounts of VOTE (and drive trading volume) unless the whole world were to adopt Agora for voting (farfetched – for now) (-0.2)
There seems to be no other use for the tokens other than paying nodes that verify election results and audit those results (-0.2)
What is the difference between company tokens and team tokens in the token distribution? (-0.1)
Lied or was otherwise misleading about using blockchain in Sierra Leone’s 2018 presidential elections (-0.15)
None of the heads of business development (former ambassadors and so on) or project ambassadors (Mauritian presidents, former wives of Ukrainian presidents, etc.) listed on the Agora team page, list Agora on their Linkedin profiles (-0.15)
Growth Potential Very good PR team – able to get published in even major, non-crypto publications like World Economic Forum and TechCrunch (+2)
DispositionVoting is something that could really use innovation via new technology like blockchain but from an investment standpoint, Agora isn’t looking too good. Agora receives a
1/10.Investment Details Type: ERC20 – Utility
Symbol: VOTE
Platform: Ethereum
Crowdsale: August 15th, 2018
Minimum Investment: 1 ETH
Price: 1 VOTE = $0.041
Hard Cap: $20m
Payments Accepted: ETH
Restricted from Participating: USA, China, Canada
Proof:
https://hacked.com/ico-analysis-agora/
