ICO Analysis: ViewoPublished on December 7, 2018
By
Joshua LarsonProof:
https://hacked.com/ico-analysis-viewo/VerdictViewo looks solid on paper; they have an answer for everything. But there are a lot of holes. For example, they will be using the Ethereum blockchain, which is too expensive and slow for micro-payments. Viewo says they have the solution: “a payment channel technology with integrated wallet, which allows users to complete most of their transactions off-chain, enabling frequent, fast, and free ERC20 micropayments.” Is this even doable? Show me… Where’s your MVP?
Risks Ethereum based. -2
Several blockchain competitors like dtube, Flixxo, Library Credits. -1
It will be almost impossible to get people to abandon their YouTube habit. -1
All the tokens being earned on a weekly basis is going to cause a lot of constant sell pressure that has proven detrimental to other projects’ token prices. -2
Not much hype at all. They grew their Telegram community by offering airdrops, but the actual community doesn’t exist. -2
Soft cap of $2 million compared to a hard cap of $112 million just screams MONEY GRAB! -1
Growth Potential It’s a huge market. Stealing just a tiny share of YouTube’s billions of users would be enough to start this fire. +3
“Viewo has already teamed up with Peer5, one of the largest and most respected P2P video distribution networks in the world, which will increase the quality of video playback and reduce CDN costs.”+3
Some of the funds received will be used to acquire unique high-quality content from top global influencers.+3
They will be building a physical studio in Los Angeles where influencers can film their videos.+2
“When users earn VEO Tokens from selling private content, 5% of the curator’s earnings revert to the VEO. Token network to be redistributed to users in the ecosystem. This is similar to the models of eBay14, Apple15, and Google Play16 , the difference being that the tokens re-enter the ecosystem to the benefit of the user base.”+2
DispositionThis one has paper potential, but getting in at this ICO price is far too risky. Chances are it will be much cheaper on exchanges a few months from now, and chances are it won’t be worth buying then either.
4/10
