|Industry:||Social Network / Dating Service|
|ICO Timeframe:||02/12/18 – 03/28/18|
|Token Supply:||50,000,000 RDT (74% Crowdsale)|
RateDate is a dating site, that provides an opportunity to hold an online video date auction. This service makes it possible not only to find and communicate with interesting people, but create and take part in video date auctions as well. RateDate offers a range of opportunities including but not limited to: easy access to the service (website and mobile app in development); unlimited communication; opportunity to take part in the online video date auction as a Rater and a Dater. Daters are registered users of the RateDate website, who place his or her profile on the online video date auction. Raters are registered user of RateDate website, who participate in a tender on the online video date auction. The primary goal of the RateDate Company is to unite as many people seeking companionship as possible and make it easier for people to make acquaintances in the high tech age.
PROS: Distribution of funds raised through ICO is appropriate given the project roadmap and industry dynamics (61% project development, 34% marketing, 5% other expenses).
CONS: Online and mobile-app dating industry is highly competitive with entrenched competitive landscape (Match.com, eHarmony, Tinder, Grindr, Bumble), customer acquisition represents a significant barrier to entry, young management team with few years work experience, advisory board consists of one individual.