BMJ Pre-ICO Rating & Review: hexancoin

BMJ Pre-ICO Rating & Review: hexancoin
Bitcoin Market Journal & Media Shower present the Pre-ICO rating & review of #Hexancoin, featuring senior analyst Jessica Ridella and junior analyst Kevin Kelly.

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ICO SUMMARY:
Traditional currency-based trading provides little possibility for micro investors to make large profits. While crypto investing combats this by allowing individuals to profit, there are huge risks involved.

Specifically, there are risks around the current centralization of financial institutions, cyber security issues, currency volatility, and regulatory pressures.

The Hexancoin team wants to create an exchange that will be fast, secure, and based on the estack algorithm to predict the upcoming price of various cryptocurrencies.

It will also offer limit order book for high-frequency trading, which will ensure that liquidity remains healthy at all times. It is clear that the crypto trading market needs enhancement, but there are numerous platforms out there trying to solve these issues.

While the Hexancoin platform claims to have a unique technology through the estack algorithm, this is not patented and does not provide the project with an advantage.

One red flag that comes to mind for us stems from the claim that the HXC token will not be allowed to be sold below the ICO price. However, as this is an ERC20 token, anyone can trade it on a decentralized exchange.

Additionally, while the team does have a working demo of the UI, the roadmap does not clearly indicate what year the platform MVP will be released.

Another concern is around the team, which is only made up of 7 individuals. There are only 4 developers and no listed partners. Only a few of the team members have LinkedIn verification, and those that do have limited experience or no prior track records of successful ventures.

Regarding user adoption, Hexancoin decided to outsource marketing to potential investors by promising a reward for the best potential ad developed by users.

We do not think this is the best strategy given its lack of market presence. Overall, it is evident that the crypto exchange space is in need of enhancement. However, given the lack of differentiation, small team, poor transparency, and low market clout, we do not feel confident that Hexancoin will be the project to deliver this innovation.

WEBSITES:
https://hexancoin.com/
https://bitcoinmarketjournal.com
https://mediashower.com

DISCLAIMER: WHEN INVESTING IN ANY FINANCIAL INSTRUMENT, YOU MUST PERFORM YOUR OWN DUE DILIGENCE AND INVEST USING FUNDS YOU ARE FULLY PREPARED TO LOSE. Bitcoin Market Journal nor its parent company, Media Shower Inc., provide financial, accounting, investment, tax, legal or other services and in no event shall its website, the services or any content be deemed financial, accounting, investment, tax or legal advice. Neither use of our websites or content, (including this video), nor the provision of services creates, nor is intended to create, any professional relationship between the company and any user of our websites or the services, and is not protected by the attorney-client or other privileges. Your use of our websites, content, and services is at your own risk.

#ICO #Blockchain #Cryptocurrency

BMJ Pre-ICO Rating & Review: hexancoin
BMJ Pre-ICO Rating & Review: Membrana
Bitcoin Market Journal & Media Shower present the Pre-ICO rating & review of #Membrana, featuring senior analyst Jessica Ridella and junior analyst Kevin Kelly.

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ICO SUMMARY:
Blockchain technology has introduced a large number of new crypto assets to the market, but many individuals do not have the expertise to safely manage and trade these assets.

Membrana wants to help investors by creating a blockchain platform for concluding mutually beneficial and secure contracts between investors and traders for trust management of cryptocurrency assets.

The platform itself will act as a transparent, decentralized, and secure system that will control the process of concluding and executing a contract up to the point of revenue gained by both parties.

Membrana has an algorithm that will solve the need for involvement of an intermediate party who guarantees the safety of funds and provides trust between both parties. There are several projects out there that are focused on connecting investors and traders, making this a very saturated market.

The whitepaper is very detailed in terms of platform development and use cases, and while it does address the competitive landscape, we did not see any major differentiators from the competition.

There is no indication that the Membrana algorithm has been patented; thus there is no further indication of differentiation.

However, we are impressed with the working beta and user-friendly website that lists weekly developments to the platform. The team is also very impressive, with a large group that have verified bios, expertise, credentials, and strong track records. The team also features strong partnerships as well as experienced advisors.

The token will be a utility token where holders get free access to trade, find investors, and conclude contracts. There are additional features to the platform that will only be available for token holders with larger amounts. Users do not spend their tokens, but only hold them in their accounts.

We are also impressed with the amount of marketing and press that the platform has. There are already over 3,000 registrations, and the project lists several events on the website where users can meet the team and learn more about the platform.

Additionally, the project has two big venture capital firms backing it financially. Ultimately, Membrana has a strong team, great transparency, and great marketing. Where it can improve is differentiating its platform from competitors to help it capture the market.

WEBSITES:
https://membrana.io/
https://bitcoinmarketjournal.com
https://mediashower.com

DISCLAIMER: WHEN INVESTING IN ANY FINANCIAL INSTRUMENT, YOU MUST PERFORM YOUR OWN DUE DILIGENCE AND INVEST USING FUNDS YOU ARE FULLY PREPARED TO LOSE. Bitcoin Market Journal nor its parent company, Media Shower Inc., provide financial, accounting, investment, tax, legal or other services and in no event shall its website, the services or any content be deemed financial, accounting, investment, tax or legal advice. Neither use of our websites or content, (including this video), nor the provision of services creates, nor is intended to create, any professional relationship between the company and any user of our websites or the services, and is not protected by the attorney-client or other privileges. Your use of our websites, content, and services is at your own risk.

#ICO #Blockchain #Cryptocurrency

BMJ Pre-ICO Rating & Review: Membrana