I saw 3-4 projects with a completely identical idea, I think that this project will be difficult to implement without proper investment.
Thanks for your feedback, Edy. Out of curiosity, what's the traction for those companies? We believe that execution trumps ideas. We can't speak regarding the other companies, but we have accomplished the following to-date:
- MVP prototype and audited smart contracts (Hosho) including full documentation
- Upgraded protocol and audited smart contracts (Authio) to V2 to support innovation in new ERC standards
- Demo of V2 upgrade of the above 👆
- Over 38+ blog articles, 7+ videos, and other collateral since the middle of November
- Registered offerings with the US SEC
- Registered as a money services business with the US FinCEN
- Relationship with the Maltese government and are working together on an unannounced effort
- Partnerships with reputable companies and organizations such as Republic, Quantstamp, and Ethereum Enterprise Alliance
- Exchange launch partnerships with IDEX and HitBTC as our first listings
- Hardware partnerships in place with Cardinal Peak and Cryptotronix to develop our hardware wallet
- Released COIN balance explorer
- Released CoinDNA (
https://dna.coinve.st), Data, News, and Analytics website to help investors alongside their investment journey
We expect to release two products on MainNet in the next quarter as well. We are curious about the other companies you mention and their traction to-date.