galactikka-ico-review
Company: Galactikka
Industry: Social Network
Website: https://ico.galactikka.com/
Whitepaper https://ico.galactikka.com/WP_GALACTIKKA_EN.pdf
Headquarters: Russia
Token: GALA
Platform: Ethereum
ICO Timeframe: 12/04/17 – 02/25/18 (PreSale & ICO)
Token Supply: 179,660,000 GALA (94% Crowdsale)
 Score:  54/100

 

Galactikka seeks to help creative individuals promote themselves, while also giving online users a way to earn income through the internet. Galactikka describes itself as a social network with a highly efficient self-promotion system.  It’s marketed towards both beginners and experienced users.  Galactikka is based on the “Surfing” system that allows users to find content that matches their interest. Surfing is based on an algorithm, and that algorithm gets smarter every time an individual uses it, similar to StumbleUpon.  They also has a reputation system. That reputation system is used to track several parameters based on how active a person is and how valuable they are to the community.  Using this system, a content creator can get in touch with high-reputation users to promote their work. Top users can offer their help users distribute their works, making their content much easier to find.

 

PROS:  Proposes advertising / promotional solutions that are 20 times cheaper than current market leaders, Facebook, Instagram, Twitter (highly attractive price differential), well-established management team with relevant experience, monetization of talent / user generated content is the way the industry is going and Galactikka is positioned to take advantage.

 

CONS:  PreSale had to be rescheduled and extended, extremely competitive market with Facebook, Twitter and Steemit (a blockchain competitor) creating high barriers to entry, not a new idea, project is a rebranding of Surefory which has been in existence since 2014 and has failed to gain significant market share.

 

SCORE:  54/100