ICO Analysis: SwissRealCoinPublished on May 14, 2018
By Gerelyn TerzoVerdictThe SwissRealCoin token sale is backed by a professional management team with experience both in the real estate and software development markets, both of which are a boon for the ICO. The asset-backed nature of the SRC token is another positive, giving investors the ability to diversify their cryptocurrency portfolio with exposure to commercial properties that are collecting rents, etc.
But as with any ICO there are risks, and in the case of SRC the glaring one appears to be tied to the startup having only recently emerged from the conceptual stage. Meanwhile, the composition of the real estate portfolio is dependent on token holder votes, and SwissRealCoin doesn’t even enter into the sourcing and acquiring real estate phases of its roadmap until next month. So you are placing a bet that they will be able to deliver on what they are promising without any real evidence that they already have, at least not as SwissRealCoin.
Risks SwissRealCoin is a startup in the true sense of the word, with the project only having been launched in Q2 2017 when cryptocurrency prices were thrust into the spotlight. That doesn’t mean SRC won’t reach all of its lofty goals, including a global expansion that begins with broader Europe and Asia, the Middle East, South America and North America. But it’s one of those projects without the wind of historic performance at its back. -2.5
Real estate market risk. Switzerland weathered the housing crisis intact, but SRC’s expansion plans include developing Latin American economies like Brazil and Venezuela, the latter of which is battling hyper-inflation currently. -1.5
Growth Opportunity SwissRealCoin has volunteered to be objectively rated by Swiss ICO and blockchain asset-rating agency Alethena. Alethena plans to present its findings on SwissRealCoin as a use case on May 22, a day before the public crowdsale begins. The fact that SRC is willing to cooperate and proactively seek out a market rating suggests they have nothing to hide and are confident about the viability of the project. +1
SwissRealCoin has plans for the SRC to trade on some popular exchanges once the ICO is complete and considering they at least reach their hard cap (details below). They identify Binance and EtherDelta as a couple of the trading platforms they’re targeting. +2.5
Professional management team with experience valuing the real estate market and making deals. +4
SwissRealCoin is registering SRC as an asset-backed security token and has applied for a letter of non-action by FINMA. +3.5
DispositionSwissRealCoin displays great promise for returns, and it boasts many of the features that you want in a coin and a project. But it’s early days for the commercial real estate portfolio, and while they may have already identified attractive assets to purchase, there’s not yet a precedent for what they’re doing. So for that reason, we’ll rate SwissRealCoin a
7 out of 10 for now but will keep our eyes on this project and the token once it’s launched on cryptocurrency exchanges for sure!
Proof: https://hacked.com/ico-analysis-swissrealcoin/This is a very good result!
