Color Platform Rating & Review

updated 22 October 2018

Color is the next generation platform for high-performance sophisticated Decentralized Applications.

4.6
  • 4.7
    Site
  • 4.7
    Team
  • 4.8
    Idea
  • 4.0
    Tech
  • 4.8
    Media
  • 0.0
    Users

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Status: ended
Public sale: 19 Sep`18-22 Oct`18
Cap: 30 000 000 USD
Goal: 20 000 000 USD
Price: 1 ColorCoin = 0.0005 ETH
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Color Platform Rating

ICObazaar experts have given Color Platform rating with 4.6 score.

Our ICO rating evaluates the overall quality and viability of the product, team, and technical implementation behind. It is calculated with a weight-adjusted formula with five factors and a separate industry expert score. Each factor evaluates an aspect of the project and its weight is related to its importance, which was determined by blockchain and finance professionals. Our rating methodology.

Each factor evaluation:

  • Site: 4.7
  • Team: 4.7
  • Project idea and whitepaper: 4.8
  • Technology: 4.0
  • Media: 4.8
  • Users: 0.0

Color Platform review

Color is a blockchain-based platform that targets to introduce an entirely revolutionary system where the user can develop easy-to-use decentralized applications based on the XML data standard. Rather than have to deal with the complexities of having to present the coding process yourself, Color will allow you to benchmark on other decentralized application models and utilize their design to come up with your version. The Color platform then puts the composition through a combination of W3C XML Standards, AutoXML technology and Ethereum-based smart contract to facilitate a viable use case for your application.

Advantages
  • The idea of Color is creative and potential.
  • Color Platform has clear road-map.
  • It is clear that the potential impacts dApps bring about in the future are an improvement in how we own the data, efficient IoT integration, and better digital security.
  • The idea of an auto smart contract is highly rated. One doesn’t have to be a programmer to create a dApp.
  • The team and advisors are good. Everyone with a strong technical backgroud.
  • The hard cap is reasonable.
  • Hype rate is high: 45+k - Telegram, 4+k - Facebook, 3+k - Twitter, 3+k - Medium, 119 - reddit.

Disadvantages
  • Bounty and partners are 12.5%, which is very high, not a good predictor for the future investors.
  • MVP won’t be launched till September-October 2018 and the testnet - till April 2019
  • The competition level is high.There are a lot of dApps projects that are committing ICO this year.

Verdict

There are a lot of dApp projects already in place or preparing for ICO, however Color platform has a unique feature - an auto smart contract, that may help in competition. After considering both pros and cons, Color Platform is a long term investment with high ROI possibility although the risk is high.

Color Platform ColorCoin independent rating & review: 4.6
Site
Team
WP+idea
Technology
Media
Users

Comments2

0

It seems to be a good project, but I would think it twice before using ICO Bazaar to invest in it. Your funds could disappear, and you will find there is no way to get them back; client service would simply ignore you.

0

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