Dragon-foundry-nvt-ico-review
Company: Dragon Foundry, LLC
Industry: Gaming
Website: https://novablitz.com/
Whitepaper https://docs.novablitz.com/Nova+Token+White+Paper.pdf
Headquarters: United States
Token: NVT (NovaToken)
Platform: Ethereum
ICO Timeframe: 12/11/17 – 01/31/18
Token Supply: 100,000,000,000 NVT (75% ICO)
 Score: 55/100

 

The online card game, NovaBlitz, is issuing the Nova Token, an Ethereum token based on the ERC-20 standard. The platform allows players to own their digital gaming cards, win real prizes in tournaments, and earn copies of cards through proof of stake.  As with traditional trading card games, players construct decks consisting of a combination of cards and battle each other in gaming arenas for bragging rights and prizes.  Both the digital cards and Nova Tokens are ERC-20 tokens on the Ethereum blockchain, so players can buy, sell, and trade directly on the blockchain.  As players own the digital cards in their collection, they will be able to sell these cards for Nova Tokens on the in-game card exchange and on the Ethereum blockchain. The Nova Token is designed specifically to address the needs of game developers and card gamers. The Nova Token addresses the 3 critical pain points in the digital trading card games market, i.e. giving players real ownership – not license of use – of their digital items, providing a marketplace for trading digital items, and enhancing collectability and value of digital items.  The Nova Blitz platform also allows third party game developers to deploy their games on the platform, thereby encouraging the growth of the game development industry.

 

PROS:  Great management team and advisors with experience in “card gaming” (Creators of Magic the Gathering), based on an existing product / game, Company has been in existence for more than three years.

 

CONS:  60% bonus for early round participants is quite steep and may create a “pump and dump” trading environment in the short term, only one block-chain developer on the team (might be outsourced), roadmap is somewhat unclear regarding timeframes.

 

SCORE:  55/100