Here, read the latest analysis from the popular resource, which gives a evaluation of the project
ICO Analysis: CINDX
Published on September 28, 2018
By Daniel Won
Proof:
https://hacked.com/ico-analysis-cindx/Team
Val Jerdes: Jerdes is a mentor at Alchemist Accelerator and the director of venture capital academy at Kauffman Fellows.
Sofja Pevzner: Pevzner has worked as a lawyer at Crowe, an accounting firm from Chicago, Illinois, for 3.5 years.
Advisors
Keith Teare: Teare is the co-founder at Accelerated Digital Ventures and a founding shareholder at TechCrunch. Two of his companies, EasyNet and RealNames, were valued over $1 billion.
Austin Kimm: Kimm was the CEO at Renaissance Insurance, a Russian insurance group, and the CEO at Aviva Czech Republic.
Philip Staehelin: Staehelin has held executive roles in T-Mobile Czech Republic, Accenture, UniCredit and FleetCor and A.T. Kearney.
Verdict
Below is a breakdown of the risks and growth potential of CINDX.
Risks
Competition with already existing platforms with similar goals such as Genesis Vision. (-1)
The use of APIs by secondary parties does not have a good history in terms of security. (-1)
One might have suspicion on how the platform’s security will be ensured. More information about this would be better. (-1)
Growth Potential
A minimally working product already exists. (+3.5)
30% of the platform revenue will be proportionally distributed to people who lock down their tokens, creating a passive income opportunity. (+3.5)
Disposition
New traders in any market often lose money. Copy-trading, or following seasoned traders’ footsteps and executing the same orders as them, is a common method to go around this problem and has been embraced by many cryptocurrency projects. CINDX is such a platform with further benefits. Traders who allow the platform to copy his or her trades are rewarded by Success Fees which the platform gets a small cut of. Traders are almost guaranteed not to lose money if they follow a reasonably successful trader. Token owners are also incentivized to hold their CINX tokens as 30% of the platform revenue are proportionally distributed. As the bonuses offered to ICO investors get lower and lower over time, the early ICO investor should not have any reason to worry about 25% bonus offered to pre-sale contributors as he or she will have the chance to get a bonus of 17%. Though, as there are many projects with similar goals, competition exists. Also, the platform uses APIs to follow and execute trades, but letting other parties use your own APIs is not considered to be the most secure way to make trades.
CINDX receives a 4/10.
Investment Details
Type: ERC20 – Security
Symbol: CINX
Platform: Ethereum
Crowdsale: October 21st
Minimum Investment: $50
Price: $1.00
Hard Cap: $21,000,000
Payments Accepted: BTC, BCH, LTC, ETH, USD, and EUR.
Restricted from Participating: Unspecified
