dropdeck-ico-review
Company: Dropdeck
Industry: Finance
Website: https://dropdeck.io/
Whitepaper https://drive.google.com/file/d/0B-ngm-zezrFQaHNxaHZWTnNNMTA/view
Headquarters: Singapore
Token: DDD
Platform: Ethereum
ICO Timeframe: 11/21/17 – 12/21/17
Token Supply: 1,000,000,000 DDD (50% ICO)

 

DropDeck is a royalty and debt financing platform for fast-growing and small businesses worldwide with a pure smart-contract and token-incentivized mechanism to evaluate and provide funding.  The Decentralized DropDeck Token (DDD ) will be issued and distributed to serve as the ultimate reward for all participants in the funding value chain (delegates, hunters, evaluators, etc.). Since DDD’s value reflects the overall success of funders and fundraising companies on DropDeck, every participant must collaborate in the best interests of each other (e.g. evaluate companies accurately, enforce repayment) and of DropDeck (e.g. contribute data to make scoring algorithms smarter) in order to increase the value of their rewards.  For the underwriting part of the loan, the fundraising company and the funders can propose the terms (interest rate, royalty, schedule, etc.).  DropDeck also makes suggestions with its A.I. algorithms and the information is consolidated to make final lending proposals.

 

PROS:  Strong management team with relevant industry and blockchain experience, addresses primary pain points in the small business lending market (ie. time to funding, accurate scoring, verifiable data), aligns interests of all parties involved (ie. lenders, borrowers, sourcing agents, etc).

 

CONS:  Funding of the project has been relatively slow to date, could be concerning since the success of project highly depends on amount of capital raised to complete blockchain and achieve scale, deep discounts currently being offered will effect short term volatility of token once it has been listed on exchanges

 

SCORE: 61/100