found useful information about the project Soar
ICO Analysis: SoarPublished on September 3, 2018
By Daniel Won
Proof:
https://hacked.com/ico-analysis-soar/TeamCEO Amir Farhand: Farhand is the CEO and founder at Takor Group, a geospatial company focusing on location-based technologies.
AdvisorsJim Rhetta: Rhetta was a satellite and systems engineers at Lockheed Martin for 25 years.
Guy Perkins: Perkins is a non-executive director at Spookfish, a company focusing on aerial imagery. He also worked as COO at NearMap, a location-based technology company.
PartnersAlibaba Cloud: Drone images, videos, aerial mapping etc. will be stored in Alibaba Cloud. The extent of this partnership is not clear.
VerdictBelow is a breakdown of the risks and growth potential of Soar.
Risks It is not obvious that the project needs any implementation of blockchain technology. (-1.5)
Big companies can hire teams of professional drone operators instead of using the Soar platform. (-1.5)
Considering the possibility of low demand for the platform, a hard cap of $20,250,000 seems too high. (-1)
Growth Potential The commercial use of drones is in high demand and expected to increase even more. (+3)
Soar has the first-mover advantage as there is no blockchain project that creates a marketplace for drone content. (+2)
So many commercial drone operators’ existences on Soar implies that the supply for drone content will not be an issue for the short-term. (+1.5)
Disposition The demand for professional drone content is surely soaring, but the lack of a marketplace is quite annoying for drone operators who look to earn some cash. Soar creates a decentralized marketplace to connect professional drone operators with so many industries and even some small adoption might yield a snowball effect. Still, it is not obvious that why the use of blockchain is a necessity for the project and token metrics are not the best.
Soar receives a 2.5/10.
Investment Details Type: ERC20 – Utility
Symbol: SKYM
Platform: Ethereum
Crowdsale: Unspecified
Minimum Investment: Unspecified
Price: $0.20
Hard Cap: $20,250,000
Payments Accepted: ETH
Restricted from Participating: Unspecified