VerdictA solid business model and promising team make ShareRing a compelling project for ICO hunters. Below is a rundown of the risks and rewards facing the project.
Risks While I do appreciate the B2C benefits, I can’t really see the Ubers and AirBnB’s of the world looking to take a risk by integrating into a platform like ShareRing. They would essentially be relinquishing control of their own userbase into a platform that could technically turn into an intermediary killer. -2
Lack of immediate partnerships: Partnerships are very necessary for the success of this app. By the looks of it, they only have Keaz (the CEO’s company) as something to potentially line up. -3
Uphill marketing battle, small marketing team: This is going to be a huge marketing ordeal, as is with any app trying to connect a gigantic pool of service providers and clients. -2
The pre-sale comes with a heft 50% discount, and the main sale comes with none. This is done with the goal of strategically bringing on the right investors (partnering platforms) in the pre-sale in order to add more value for everybody. The min contribution for pre-sale is set at $150,000 to protect against token dumping with a lock-up period of 3 months.
But still, if I were an investor in the main sale I’m not a fan of seeing the bulk of the tokens going to another party for 50% off.
Growth Opportunity The massive size of the sharing economy: It’s estimated that 66.3 million people will use the sharing economy this year (2018). There are maybe a dozen optimistic sectors for blockchain startups to tackle, and the sharing economy is one of them. +2
The potential growth of the sharing economy: ShareRing presents an interesting value proposition. The Millennial generation has become the biggest driver of both the sharing economy and cryptocurrency industry. It’s very rare for a project to nail down a specific niche user as accurately as ShareRing potentially can. +3
Problems with the sharing economy: While the sharing economy has expanded significantly, it is not without its growing pains. Providers are left segmented within small local markets, the multitude of different sharing platforms can get confusing, some of the sharing platforms might not even be active or legally permitted to operate in the city you are traveling to, and the intermediary sharing platform fees are pretty high. +3
Partnership potential: This is kind of a long-shot, but let’s put our binoculars on. The primary partners that ShareRing would love to have on the platform are big names like AirBnB and Uber. While as it stands (from the whitepaper at least), there isn’t a significant value prop for these unicorns to hop on board. However, if, and this is a big IF, ShareRing is able to get the partnership and endorsement of something like Uber and AirBnB, it will instantly be throttled into not only the upper-tier of cryptocurrency projects, but will have been one of the first to broach the mainstream startup world. +2
30% of the total 24% of tokens going towards setting up “incubators” for entrepreneurs to build into the ShareRing platform. I love this approach to get more people building with blockchain, and it’s a smart way to get more entrepreneurs familiar with ShareRing. +4
DispositionWe arrive at a
+7 out of 10 for ShareRing. It’s only a matter of time the blockchain startup world comes up with something that can compete in the massive sharing economy sector. Hopefully for ShareRing investors, this will be one of the frontrunners.
Its a very good score from the
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