ICO evaluation: DDF, CAT, TRV, POE, PIX

Here are a handful of ICO’s that I reviewed today; thanx to ICOAlert

DDF aka Digital Developers Fund has 2 days left before the ICO is finished. The DDF are ERC20 tokens and should work with MyEtherWallet, Mist, or ImToken, use Google Translate on ImToken.
The gas limit is 200k. 1000 DDF = 1 ETH

This coin uses Proof of Membership, and has a steady business working with domains. Though this business model has been compared with cyber squatting, DDF provides transparency by allowing investors to use the TASS Crypto Audit tool. Their accounts are reviewed by Grant Thornton. They are based in the Cayman Islands.

An interesting aspect is their involvment of the ENS (Ethereum Name Service), while this isn’t active just yet; they are prepared to utilize it when the time comes. Here is a spiel on it from their website:

ENS (Ethereum Name Service)
Included in this 27.5% are the purchase of ENS (Ethereum Name Service) names. While a platform that enables users to buy and sell ENS names does not yet exist, there are several with plans to launch in the near future; the main one being ENS Bazaar built on top of the district0x platform. By utilizing decentralized platforms like ENS Bazaar rather than a traditional escrow system, it is likely that DDF will be able to save on the cost of transferring a domain by operating entirely through a decentralized platform.
Another difference with ENS names from traditional domain names is that an ENS name cannot be “visited” like a traditional website domain name can. Right now, DDF is able to earn ad revenue and also generate leads for potential buyers of interested domain names when users visit their traditional website domains. This is completely different with ENS names since they are not domain names where a user hosts websites but rather names which resolve to a specific Ethereum address (or other resolver) to allow users to receive payments in a much more efficient, user-friendly manner. Because of this, DDF will rely heavily on platforms ENS Bazaar and their own marketing to sell the ENS names they buy rather than direct user interaction and discovery.

CONCLUSION: DDF has a growing niche market. It will need ENS to really take off in order to make big profits. Steady income, but nothing huge; still, continuous income is possible. For an established business, 1000 DDF to 1 ETH may be a bargain. I think this is clearly a great coin to purchase and sit on, it should steadily increase in value.

CAT aka BlockCAT has 7 days left before the ICO is finished. CAT claims that you can ”Create, manage, and deploy smart contracts on the Ethereum blockchain, no programming required.”

The use “Proof of Existence”. Below is a spiel from their website:

*Effortless smart contract creation that anybody can deploy.
*Mobile and desktop interface to manage your
*Design custom contracts that meet your specific needs.
*Chain or combine multiple contracts to build out entire business payment models.
*Transfer funds automatically and globally, at great scale.
*Secure business deals – without lawyers.
*Transaction verification – remove the risk of Ether to the wrong address.
*Develop and sell your custom contracts on our decentralized marketplace.
*And much, much more… including applications that no one has thought of yet!

They are out of BC, Canada. The coin is an ERC20. 300 CAT = 1 ETH

CONCLUSION: CAT seems to me to be over valued and pretty speculative. Sure they have a great idea and sure it will probably work fine; but for the coin to be over 3 to 1 against an established company (DDF), I think is ludicrous. I will pass on the ICO, and perhaps purchase 6 months or so down the road, when the coin is closer to its true worth.

TRV aka Travelcoin has only 8 days left in its ICO. They have a great spiel on their site, and value their coin at about $1.00. This came from their site concerning the travel sector for business opportunities:

Travel sector employs more people than most other major sectors:
• 7 times more than automotive manufacturing
• 5 times more than the global chemicals industry
• 4 times more than the global banking industry
• 4 times more than global mining industry
• 2 times more than the financial services industry

One thing that I appreciated, is that they give you one free coin for registering at their site. I did so, and received my coin promptly. This is actually unusual, I register for free coins often and seldom receive them; thanx Travelcoin for being legit.

CONCLUSION: TRV is well priced, has a good plan, and might just make it. I think $1.00 per coin is worth it.

POE aka Po.et will be available August 8th, 2017. It is an ERC20 coin. POE claims it is Proof of Existence 2.0 and can fill a market for licensed digital content. I could not find a price estimate on the coin.

CONCLUSION: POE is interesting and I feel that it will supply a niche market. I suspect this coin will be slow at first, but gain momentum over time. If the price was right, say lower than 0.50 a share, I’d buy a bunch and sit on it.

PIX aka Lampix Augmented Reality System will be available August 9th, 2017. They are about image mining, blockchain based computer-vision, and machine learning. Below is a spiel from their website:
Lampix is the future of augmented reality to interact with computers through our surroundings. Lampix turns any surface into a smart surface! The possibilities are endless with supercharged app development.

This site here really explains it well: LAMPIX

CONCLUSION: PIX is going for 0.12, that’s a bargain for sure. I suggest getting all you can; this is going to at least quadruple in price. Probably the best deal in todays blog.

In closing I must mention Ripple aka XRP; at 0.18 it’s one of the best values around, period.