ICO Analysis: Block66
Published on September 16, 2018
By Daniel Won
Proof:
https://hacked.com/ico-analysis-block66/TeamCEO John Markham: Markham is a mortgage agent at Mortgage Intelligence, a mortgage broker company located in Ontario, Canada.
Vishal Karangutkar: Prior to joining Block66 as a solidity developer, Karanguthar has worked as a principal engineer at Fidelity Investments and as a senior system engineer at Merrill Lynch.
AdvisorsShingo Lavine: Lavine is the founder and CEO at Ethos.
Hakim Thompson: Thompson was the vice-president at Goldman Sachs’ Mortgages & Structured Products division before joining Behalf, an alternative financial provider for small to medium-sized businesses, as the director of finance.
Rob Beswick: Beswick is the chief commercial officer at Virgin Mobile.
Maurice Herlihy: Herlihy is a professor of computer science at Brown University and an advisor to Ethos and Algorand.
PartnersBounty0x: Bounty0x is a blockchain platform built on the 0x protocol, allowing people and companies to run bounty programs.
Civic: Civic is a blockchain project which creates tools for identity protection and control.
VerdictBelow is a breakdown of the risks and growth potential of Block66.
Risks MVP will be launched Q1’ 2019. (-1.5)
Cryptocurrencies’ volatility is quite a big problem for lending platforms. (-1.5)
Growth Potential Due to the money lending market’s unrealistic standards and unfair restrictions, so many people’s demands are rejected. Once projects like Block66 earn these people’s trust, this area will be definitely a hot one. (+2)
The presence of team members experienced in mortgage and real estate markets. (+2)
Fair token metrics. (+2)
DispositionThe mortgage market is one of the biggest financial markets in the world, but due to institutional lenders’ risk-averseness, many credible people and small companies are not able to get a loan even if there are smaller institutions and private lenders out there willing to make loans. Block66 is the first mortgage-focused lending and borrowing cryptocurrency project, aiming to break down this wall between these two sides. Although it is pretty much established between the cryptocurrency community that lending platforms provide an important use-case, the expected success is not met so far. Block66 has a fair shot at relative success by having team members experienced in mortgage loans and real estate. Yet, since MVP will not be released until next year, it is too early to tell. Block66 receives a 3/10.
Investment Details Type: ERC20 – Utility
Symbol: B66
Platform: Ethereum
Crowdsale: Unspecified
Minimum Investment: Unspecified
Price: $0.10
Hard Cap: $12,285,000
Payments Accepted: Unspecified
Restricted from Participating: Unspecified
