ICO Review: Carry Protocol (CRE)
Tags: Ethereum, Investing, Money, Technology, Bitcoin

Carry makes personal data fair for consumers, marketers and merchants.

Introduction

Carry Protcol incentivizes offline data for consumers by connecting merchants and consumers via blockchain. The consumers grants permission to carry’s system to store the information and receives incentives in return.

Here is a good video, which illustrates the functioning of the application via an MVP:

Market = offline commerce market

Current Issues = data silos; inefficient and intransparent marketing; no control of data for consumers; costly loyalty point programs

Our Rating

Explanation of Rating

Project

Solid project, the adoption can be reached due to many existing customers from Spoqa (they are doing this ICO as an reverse-ICO)

Data Marketplace

Current status is a prototype (see link to youtube video above)

Greatest competitor is Nucleus Vision (currently a market cap of around 70 million $)

Idea

Trying to disrupt a huge market

There is a good amount of competition in the market, but the market is not saturated

There is a blockchain use case for the project, although we think that the project could be done on an existing platform

The idea is quite easy to grasp

Team & Advisors

Solid team, but not all-star like

Existing company “Spoqa” with existing 10.000 merchants and 15 million customers (great key partners like kakao and key clients like nike or grant hyatt)

The team (mainly from Spoqa) brings all aspects relevant for implementing the whole idea, although we miss blockchain experience

Nice advisors from e.g. hashed (CEO & CAO), former employee of facebook and co-founder of earn.com

Tokenomics

The roadmap for 2018 is fully packed, but you can see the early stage of the project

Will release an initial wallet in Q3 2018

The roadmap is quite long with the launch of the network in H2! 2019 (probably at the end of 2019), the main competitor shows a faster progress and will have a first-mover advantage, although they are not stating that they are planning to ender the east asian market

They have not decided for a base protocol yet

There is a substantial use case for the CRE tokens

For the pre-sale (15% bonus) a lock-up period of 3 months exists

They are selling 5.000 CRE in the pre-sale and 10.000 CRE during the ICO, the rest which are 25.000 CRE where sold in private rounds where we don’t know about the bonus

Community

They do have a good amount of community members, but it seems that most of the members are looking for a quick flip of the investment

Searching different sources you can find lots of ICO reviews about this project, which also indicates a significant hype for the project

Tokensale

ICO Start Date: 24.06.2018

The are selling 40% of the tokens for a hard-cap of 48.000 ETH (around 25 million $)

The total number of tokens amounts to 10 million tokens

Should there be any unsold tokens, than they would be burned

Conclusion

Backed by an existing company Carry Protocol could to well over the long time; We think this ICO is not great for a quick flip; the difference between the hard cap and the market cap of the main competitor is below 2x; If you are really interested in the token, than we think that you can acquire it much cheaper on an exchange later on.

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