OfferZone Crowdsale Rating & Review

updated 28 November 2018

The OfferZone platform is the world's first decentralize P2P bidding platform, based on Ethereum blockchain using smart contracts for full transparency.

3.1
  • 5.0
    Site
  • 3.0
    Team
  • 3.5
    Idea
  • 1.0
    Tech
  • 3.0
    Media
  • 0.1
    Users

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Status: ongoing
Presale: 01 Oct`18-25 Dec`18
Public sale: 01 Oct`18-17 Dec`18
Cap: 37 280 ETH
Goal: 37 280 ETH
Price: 1 OFZ = 0.0004 ETH
Blockchain: Ethereum
Offering type: Utility
Country: United Kingdom of Great Britain and Northern Ireland
Find out more

OfferZone Crowdsale Rating

ICObazaar experts have given OfferZone Crowdsale rating with 3.1 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: 5.0
  • Team: 3.0
  • Project idea and whitepaper: 3.5
  • Technology: 1.0
  • Media: 3.0
  • Users: 0.1

OfferZone Crowdsale review

OfferZone is a decentralized P2P bidding platform, based on Ethereum blockchain, that uses smart contracts for transparency. The team aims to change the structure of eCommerce.

Advantages
  • The team negotiated with several exchanges for listing: Kucoin, IDEX, BitMart, BitBay.
  • Low fees.
  • Security for sellers and buyers.
  • The hard cap is small.

Disadvantages
  • The team isn’t strong - only one IT specialist.
  • HIghly competitive market: there are whales like Amazon, Ebay, and a lot of smaller companies in real sector, and blockchain marketplace projects like Origin or OpenBazaar.
  • Unclear how the platform will differs from existing ones.
  • The soft cap is small.
  • Hype rate is low, but the campaign is just started.

Verdict
In our opinion the project is very contradictory. On the one hand the market is very big, around US$2 Trln (projected) in 2018, but it is affected by big players, who raised fees up to 10%, so the market needs such a solution. On the other hand the OfferZone team seems to be incapable to successfully finish the project, as there is only one IT specialist, other members are designers or marketing specs. The hard cap is about 9 times higher than the soft cap, that is a bad sign, that means that the team has a poor strategy. In conclusion we should say that the project is very risky, however if it gains a success the potential ROI could be very high.

OfferZone Crowdsale OFZ independent rating & review: 3.1
Site
Team
WP+idea
Technology
Media
Users

Comments2

0

This ICO has a great project, we need better online business e-commerce opportunities

0

 

I will wait for the project to start, and a great future in this ico.