ICO Analysis: Apollo18
Published on September 13, 2018
By Daniel Won
Proof: https://hacked.com/ico-analysis-apollo18/Team
Marketing Director Nathan DeLong: DeLong was a creative director at SapientRazorfish, an NY-based marketing, and advertising company.
Advisors
Chris Mair: Mair is a founding partner and the key architect at DADI, a decentralized web services platform. He has worked as the head of digital at Diesel for more than four years.
Verdict
Below is a breakdown of the risks and growth potential of Apollo18.
Risks
Given the current state of the market, it might take some time to make a profit from any mining operation than one would initially expect. (-1)
Any ICO investor should be extremely cautious of mining ICOs as historically speaking they tend to be scam projects. (-1)
Growth Potential
Mining facilities are located in Altoona, Pennsylvania where the electricity rate is quite cheap. This means that the cost will be lower, and the dividends will be slightly higher. (+3)
The team’s putting emphasis on efficient mining by following global data centers’ footsteps shows how serious they are. (+1.5)
By using 75% of token sale proceeds, the team is planning to scale up by buying more hardware miners. Once they achieve a critical point of scaling, they will be able to get a much lower rate for electricity, implying lower costs and higher payout for token owners. (+2)
Disposition
The introduction of ASIC miners has changed the cryptocurrency market a lot as it has pushed people without these devices outside of the mining game. Even if one can afford to buy an ASIC device, this does not mean that he or she should expect solid returns on investments as it highly depends on the electricity rate for these devices use huge amounts of electricity. For people living in areas where the electricity rate is high, it is extremely hard or perhaps impossible to make a profit. Because of all of these issues, a need for mining ICOs has arisen. By participating in such ICOs, one basically lends his or her money to someone else, so the project owner can use these funds to buy miners and run facilities. Apollo18 is such a project based in Central Pennsylvania where the electric rate is quite cheap. Once the operation commences, they will pay their token owners dividends proportional to the amount of tokens they hold every month. Upon scaling, they should be able to get electricity at a lower rate, implying lower costs and higher payouts. Apollo18 receives a 4.5/10.
Investment Details
Type: ERC20 – Presumably Security
Symbol: A18
Platform: Ethereum
Crowdsale: September 17th
Minimum Investment: Unspecified
Price: $0.90
Hard Cap: $8,475,500
Payments Accepted: ETH, BTC and USD
Restricted from Participating: The United States and China
