Platin Rating & Review

updated 06 December 2018

Platin is a lightweight, secure and verifiable Proof of Location (PoL) protocol on the blockchain.

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Status: ended
Presale: 19 Sep`18-14 Oct`18
Public sale: 28 Oct`18-31 Dec`18
Cap: 18 000 000 USD
Goal: 3 000 000 USD
Price: 1 PTNX = 0,001 ETH
Blockchain: Ethereum
Offering type: Utility
Country: Gibraltar
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Platin Rating

ICObazaar experts have given Platin rating with 4.1 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: 4.0
  • Team: 4.5
  • Project idea and whitepaper: 4.6
  • Technology: 3.2
  • Media: 4.0
  • Users: 1.4

Platin review

Summary

Platin offers to geo-locate a digital asset, anywhere in the world using a map, in real time. This is made possible through open, privacy preserving zero knowledge proofs developed as part of the Platin protocol.


Advantages
  • Platin has preliminary listing agreements with Lykke, Gatecoin, Liquid, Bancor
  • The team is working on one of the fastest and lightest possible blockchain - the Plexus
  • Small soft cap - US$ 3M
  • The team has attracted US$ 1.5M in private sale round
  • Innovative Proof of Location consensus, with its help users can geo-locate a digital asset and visualise it
  • Platin's TGE and ICO smart contracts were audited by two swiss companies: Chainsecurity and Deepit
  • The team is represented by people with strong technical and business background
  • Detailed roadmap
  • The team has several partnerships: e.g. Seven & I Holdings, Summer Olympics 2020 (where the company will make a huge airdrop)

Disadvantages
  • No mvp yet
  • Plexus mainnet won’t be launched till may 2020
  • Support for EOS and Ethereum mainnet in may 2019
  • Hype rate is low

Verdict

The project is very interesting and unique. Moreover the team seem to be capable to finalize the work. There are much more advantages than disadvantages, the team has managed to get listing agreement with four exchanges and also they received US$ 1.5M in private sale, that is half of their soft cap. To our opinion that should be a long term investment with medium risk and high ROI potential.

Platin PTNX independent rating & review: 4.1
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Team
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Technology
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Users

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