ICO Analysis: SupersetPublished on April 29, 2018
By Fredrik VoldVerdictThe idea of “programmable money” as the Superset team says on its website definitely sounds good and we can even see many potential real-world use cases for an easy-to-use tool for writing smart contracts.
In addition to this, the Superset team already has a working minimum viable product (MVP). This is a good sign and it adds credibility to the project and the team’s ability to carry out the project from a technical standpoint.
The main problem here is whether the company and team is mature enough for potential ICO investors to buy into. When not even the top management team has any mentions of Superset on their LinkedIn profiles, we have to raise questions regarding the maturity and credibility of this ICO.
Further, the fact that both the website and white paper is so scarce on details definitely does not add to the credibility. At the time of this writing, there are only 3 days left until the start of the ICO pre-sale, and we don’t know anything about who is eligible to join or whether there will be discounts or other benefits for early investors.
Growth Potential Smart contracts have real-world use cases, and simplifying the writing of them would make them much more interesting for lots of people in many different industries, for example freelancers who want to enter into trustless agreements with their clients. +4
The team already has a MVP that appears to be fully functioning according to this YouTube demo. +4
Superset team members are on a 4-year vesting schedule with their own SUPER tokens. +1
Risks The team member’s commitment to the project seems sketchy, with nobody except the CEO mentioning Superset on their LinkedIn profiles. -2
While several team members have experience from finance and trading, they seem to have limited experience with blockchain technology and tech start-ups. -2
The white paper is well-written, but offers very few details, in particular when it comes to the technology behind the platform and the token and token sale. Unfortunately, the same also goes for the website. -2
DispositionAlthough the concept is interesting and could potentially be successful, we do have serious doubts when it comes to the team’s readiness for the ICO, the lack of details in the white paper, and the level of commitment of the team members.
We arrive at a score of
3 out of 10 for the Superset ICO.
Proof: https://hacked.com/ico-analysis-superset/