BancCoin ico Review
Company: CCGI (Project: BancCoin)
Industry: Luxury Market Platform
Website: http://www.banccoin.io/
Whitepaper http://www.banccoin.io/pdf/Banc%20Coin%20True%20Final.pdf
Headquarters: United States
Token: BCCN
Platform: Ethereum
ICO Timeframe: 03/08/18 – 04/30/18 (PreSale)
Token Supply: 1,000,000,000 BCCN (50% Crowdsale)
 Score:  11/100

 

Banc Coin makes Global Lifestyle and Luxury available through the business ventures and partnerships established by CCGI.  The Banc Coin team believes that one of the most exciting applications of Blockchain technology will be in the Global Lifestyle and Luxury market, especially in the Crowd funding space. The use of Blockchain technology in crypto-economy Crowd funding has the potential to completely revolutionize this ecosystem by providing greater access to Global Lifestyle and Luxury and increasing liquidity in the market, available through the business ventures and partnerships established by CCGI.

 

PROS:  Project is being launched by an existing company.

 

CONS:  Deep discount of 50% being offered for early rounds could increase likelihood of volatility and pump and dump trading once coins are listed on exchanges, contradicts whitepaper discounts listed, amount of pre-mined tokens does not align with distribution of tokens chart, while CCGI has a number of partnerships with wineries and entertainment ventures, the success of the coin will ultimately depend on partnering with brands and companies that are truly recognized as “luxury”, to date Banccoin has yet to successfully do so.  Makes claims that Lil Wayne is on their management team, other management team members unverified and lack any social media presence, CRE Consulting Website is “bare bones” and looks are is it were setup overnight.

 

SCORE:  11/100