ICO Analysis: DreamTeamon April 6, 2018
By Alex MoskovVerdictDreamTeam is targeting a large and growing industry with a suite of blockchain-backed products. Providing payment channels, business tools, and advertising capabilities, the project has it all.
While other projects, like Enjin Coin, are focusing on a specific aspect of gaming, virtual goods ownership, DreamTeam seems to be throwing spaghetti at the wall to see what sticks. If one of their features strikes a chord with the community, though, the strategy pays off. However, spreading themselves so thin may just lead to a bunch of half-baked offerings.
Risks Poor token distribution. With only a 60% distribution to ICO contributors, the project is far from decentralized. The 15% payout to pro-teams and tournament organizers is also a little worrisome. (-4)
Lack of product focus. The team is trying to make the platform into an all-in-one solution for the esports industry. It’s almost always better for projects to focus on one problem and grow from there. (-3)
Growth Potential Growing market. The esports market is booming and is showing no signs of slowing down. If DreamTeam can solidify themselves as the platform for teams and organizers, the sky’s the limit. (+3)
Rockstar team. From the co-founders to the advisors, the team is fully plugged into the target market. Partnerships with ESL and Na’Vi go a long way. (+6)
Early traction. Getting early traction is one of the most important signs of a successful project. The platform, in beta, already has 120 thousand registered users and 20 thousand registered teams. (+5)
DispositionDreamTeam scores a respectable
7 out of 10. Although I disagree with the overall product strategy, the numbers speak for themselves. Even though the project is only in beta, the team has proven that there’s ample demand.
If the user base continues to grow at the same impressive rate and the platform can retain those already on it, DreamTeam should see a large amount of success. With the pedigree of the team behind the curtains, I don’t think this would surprise anyone.
Proof: https://hacked.com/dreamteam/