Bitindia seems attractive at first glance. Making an exchange for huge Indian market and offering 10% of profit to token holders and buybacks seems promising for long term investment. But their whitepaper isn't good. Hoe of the whitepaper explains obvious stuff about blockhain and blockhain markets, most of investors already know and don't tell anything about their project. Their team is quite large, but they don't really tell anything about their expertise they just list their names. John Macafee is a big name, but he's just partner and advisor. They don't tell if they have done anything besides the whitepaper. Or anything about how they intend to become the largest Indian exchange and what actions will they take to make cryptocurrencies adopted in India. The only relevant info is holders of tokens will make profit and how to participate in ICO and that's it. Nothing else of the 30+ pages really tells anything about their project. Looks like they're just trying to collect money and all the rest of whitepaper is there just because they can't publish single page stating give us your money and will give you some of the profits. There's not any interest for this ICO on these forums. Their ANN thread has been started on 25 September and has only 1 page. Statistics of their website visitors show most visitors come from websites that list ICO's so it seems most of the marketing they did was to get listed on those sites. They also get some traffic from social networks and adds. But it seems there's not much interest in participating in this ICO. In my opinion just being grom a large country, giving some profits back to token holders and John MacAfee doesn't make them an ICO I'd invest in.
I have no idea if there's place for a project like CarTaxi in car towing business. Maybe there is but I don't really see any use for it. Car towing for broken down or crashed cars is usually cowered by car insurance, so the insurance company covers the costs of towing. An app like this is useless in such cases because driver has to phone insurance company anyway if he wants the expenses of towing to be payed by them and they dispatch the closest towing company that has contract with the insurance company. Their whitepaper isn't that good either. And according to the diagram, everything will be still running centralized on servers, the blockchain seems to be there just so that the tokens can exist. And I also don't like that they will accept fiat and other crypotcurrencies besides their token. That doesn't really make any demand for the token to make the price go up. Imagine your car breaks down would you use your phone to find some exchange that sells CarTaxi tokens, buy BTC with your credit card, send it to that exchange and buy CarTaxi tokens? Wouldn't you rather just pay with the credit card avoiding exchange fees and wasting your time and smart phone data connection? There's just no incentive to use the tokens. There's incentive to hold them because of 25% bonus and buybacks, but the project has to be successful so holders will be able to receive anything. And I doubt they can be successful.
I can't see anything interesting in WCX. In future all exchanges will be decentralized, so they're nothing special and will have huge competition. Their white paper doesn't even deserve the name whitepaper. They don't have any plan and don't explain how will they achieve their goal of being largest exchange. No explanation what's the use of the token. There's no description or diagrams of the technology they'll use. And so on. Their only point is they only have low fees 0.1%, but that's not something competition wouldn't be able to offer. There's no team listed or company named behind this project. They do tell a bit more about themselves in their ANN thread. They're supposed to be professionals from Apple, IBM and Deutsche bank. Anyone can cIaim that. I don't believe them. Because if it was true why doesn't it state in the whitepaper with names of team members. There seems to be many interest in the project, their ANN thread has a lot of posts. So there might be some hype and quick profit after they get listed on exchanges, but they're hiding so much information they might even be scam. I would avoid buying this one especially if I considered it long term investment.
Webcoin has an interesting idea. Advertising market is huge and their approach of connecting advertisers with 300+ social networks could bring a lot of money from advertisers. And instead of mining using hardware power miners will be users who will visit websites and social media of advertisers and will get payed for it. Their whitepaper has the info it needs to have explained quite well. There are some typos though. They should have hired some lecturer. What makes me a bit worried is their alpha site has low number of visitors. If they can't attract traffic on their own website, will they be able to do so on advertisers' sites? Their project's website also receives very little traffic, but a lot of it comes from social networks. There's no traffic form display adds. Maybe they just don't do "classical" advertising, because they believe in their advertising model using social networks. They're trying to collect 98 million which is a lot. I doubt they really need this much money, but it's what most ICO's do. ICO has been running for two weeks already and they only managed to colletc about 100k so far. I think this ICO won't sell out, they might even not collect enough to fund the project. And what worries me is all the unsold tokens will be kept by the project. So they migh have huge amount left after the ICO. If they don't collect enough funds in ICO to work on the project, they might just dump all the tokens on an exchange ans leave investor with nothing. As much as I like the basic concept and I'd like to see such idea to work. There's also many things to worry. It least if their ICO was getting sold faster I might have considered investing. But with that low amount raised so far I'll rather pass.
Jobstoday's supposed to have very successful business already. But all of their four employees searching websites receive very little traffic. So I doubt they're as successful as they're stating in their white paper. There's no blockchain use case mentioned, they don't even have a developer on their team. Their github only has 4 commits in a month. Their sole goal seems to be to collect funds and they even admit it in the paper. In general I don't think it's neccessarily bad to try to collect funds the ICO way, because it's much cheaper and easier than VC or IPO way. So it can be good business decision. But they could run into some serious legal issues offering dividends to token holder, because it makes their token a security. And there's tons of job searching websites all around the world where work can get paid for in fiat so accepting payments in form of some unadopted token is actually disadvantage. And to my knowledge there's also several other similar blockchain projects, so the competition is really tough and it seems they don't have anything better to offer than the competition.
Artoken seems project with very good perspective. I'll think about investing in this one. Thanx for poinitg it out.I didn't know about it before. I do believe AR/VR is about to rise in the following years. I don't know much about developing AR/VR. But heir white paper is very good it makes sense and makes me believe they thought out every detail of the project in advance. And they convinced me the model of their project could really be very useful for the development of AR/VR. So it would get users and be profitable. The team also seems expert. Visits to their website suggest they get good amount of traffic and they are listed on major ICO listing sites and are also active on social networks. So it seems they do invest some resources in marketing too. 15 pages in their ANN thread isn't outstanding, but ain't that bad either. I think there will be a lot of interest for investing in this ICO, and long term they seem good project too. So they might be good investment short term and long term.
