What IEO to look out for! RedFox Labs
So I run a little telegram channel, where we are a community of people that are constantly looking out for each other. Recently I came accross an IEO/ICO that I though would be worth looking into more, mainly due to the fact that they have a VERY solid and experienced team, that has already achieved a lot within the blockchain space.
Here is my little telegram message that I have been posting in my group, have a read through it and feel free to ask as many questions as you like. I invite everyone to join the redfox telegram channel, and also TotemTribe
https://t.me/redfoxlabs
https://t.me/totemtribe
⚠️ Red Fox Labs ⚠️
🤔 What is it: 🤔
- Innovate
- Incubate
- Integrate
Mini Summary:
RedFOX Labs builds out and incubates market leading business models in emerging markets.
Our unique build out incubator model enhances proven business models by refining, customising and integrating open source blockchain technologies, resulting in ready to launch, market leading applications.
🔑 Key Features 🔑
RedFOX Labs employs a 9 step funnel process to determine which business to replicate. This ‘RFOX Funnel’ process determines competition, market size, feasibility, market growth potential and determines if there is an actual advantage in using blockchain technology.
Now that Komodo platform is built and is strong, its time to get business on the chain, this is what RedFox will do.
They will replicate unicorn businesses and enhance them with blockcain specific features.
Example features: unlocking the internet economy for the unbanked, QR payment systems, faster and more secure payments, interoperability across platforms, reduced transaction costs, immutable transaction records, stronger security levels, dynamic pricing and automatic account reconciliation and a reduction of hacking threats.
AS RED HAT IS TO LINUX, REDFOX LABS WILL BE TO KOMODO.
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💰Their income revenue model/ how they create demands for their token: 💰
- As RedFOX Labs will build out a number of businesses, the RFOX token will be used as the sole purchasing method for these token generation events.
- Some of the companies that RedFOX Labs creates may not have a need for their own native token and may choose the path of becoming a side-chain and therefore utilising the RFOX token to facilitate transactions and reward miners for processing these blocks.
- RedFOX Labs will offer discounted rates on consulting services when using the RFOX token.
🔥🔥 Pros: 🔥🔥
- Has all the benefits of the Komodo blockchain (bitcoin network security, scalability, adaptability, interoperability)
- General Manager of Komodo is on the team
- Other team members were C Level executives for companies such as Virgin Mobile, ChinaHR and Grab
- Their blockchain ecosystem is complete from the start
- Well defined verticals to focus on (E-commerce, Online Media, Online Travel and ride hailing)
- RedFox will handle legal and financial complexities
- Multi-chain synching tech has already proven that it can handle over 20k TPS
- Incremental vesting periods for team and advisors
- Will do IEO
❄️ Neutral: ❄️
- Hard cap 5.6 mil
- Sale price 0.05$ (5% of total Supply)
🔪🔪 Cons: 🔪🔪
- Pre-sale at 0.04$ (4% of total tokens)
- Private sale (Seed) 0.035$ (4% of total tokens)
- Team and advisors take 20% of total supply
✅ My Conclusion: ✅
- This is a unique project. It is coming from a very unique angle
- They do not need to do blockchain developement so much as they have already built the Komodo platform themselves basically
- Huge blockchain competence
- Clear income revenue model and approach
- Solid team
- Their focus is on application and adoption
⚡️To invest or not to invest?⚡️
- I will be investing a small portion of my portfolio around 5-10%
Note: this is not investment advice, just an opinion.
Take care and trade safe!