alfatoken-ico-review
Company: AlfaToken
Industry: Crowdfunding / Lending
Website: https://www.alfatoken.com/
Whitepaper https://docs.wixstatic.com/ugd/bd9640_0f0eeaf6ddd8411ea7e487089eac4c59.pdf
Headquarters: Singapore
Token: ALFA
Platform: Ethereum
ICO Timeframe: 01/22/18 – 04/22/18 (ICO)
Token Supply: 9,000,000 ALFA (88% Crowdsale)
 Score:  40/100

 

AlfaToken proposes to build an ecosystem of services helping startups to prepare for Pre-ICO and ICO campaigns from a technical point of view.  Clients will get a possibility to issue their own tokens and create a smart contract for Pre ICO or ICO on different blockchains (Bitcoin, Ethereum, Bitcoin Cash, IOTA, NEM, EOS, Qtum, NEO, and Waves).  AlfaToken claims no programming skills will be required and the entire issuing process will take only a few minutes. AlfaToken will also offer clients a service to automate the distribution of tokens to investors in case they are willing to collect investments in different cryptocurrencies, as well as a service helping to run and manage referral programs.

 

PROS:  Addresses the need to make blockchain more accessible by making the creation of smart contracts and tokens “user friendly” across multiple blockchains, multiple in-house blockchain programmers identified, well rounded management team with all key positions filled.

 

CONS:  Relatively long ICO timeframe leads me to believe that the team doubts the ability to fund the project appropriately (lacks buzz), whitepaper consists mostly of legalese and reveals little about the token outside of its ICO metrics.

 

SCORE:  40/100