ICO Analysis: Carry Protocol
Published on July 1, 2018
By Daniel WoncolVerdictBelow is a breakdown of the risks and growth potential associated with Carry.
Risks No working product. (-1.5)
No information on private sale (bonuses, contribution limits, lockups, etc.) and huge allocation to private investors. (-1.5)
Potential inflation (unspecified). (-1)
Growth Potential Spoqa’s huge, existing rewards platform Dodo gives Carry a huge base to work off of. (+4)
All-star team, advisors, and investors. (+3)
Korea, Carry’s initial target market, is deal for something like this because of how tech-savvy the country is. Almost everyone in Korea has used crypto or knows about it. Japan, the other country that Dodo, Spoqa’s reward points platform, operates in, is also extremely progressive when it comes to crypto. (+3)
DispositionThough Carry has a great team and great parent company (Spoqa) with great product (Dodo) in one of the world’s most technologically forward and cryptocurrency savvy countries (South Korea), issues like no working product, opaque private sale process, and potential inflation stop this ICO from being great. As a result, Carry receives a 6/10.
Proof: https://hacked.com/ico-analysis-carry-protocol/