razoom-ico-review
Company: Razoom
Industry: Smart Contracts / Project Management
Website: https://razoom.org/
Whitepaper https://www.razoom.org/docs/RAZOOM_WHITEPAPER_EN.pdf
Headquarters: Singapore (Part of Holdings in Russia and Hong Kong)
Token: RZM
Platform: Ethereum
ICO Timeframe: 02/01/18 – 05/03/18 (Presale & ICO)
Token Supply: 300,000,000 RZM (75% Crowdsale)
 Score:  30/100

 

The company develops platform for writing, executing, arbitrating, guaranteeing the standardization of smart contracts with the application of artificial intelligence, usable and simple graphical interface on all types of OS, helper (question-answer system) in natural language, with its own “ecosystem” and messenger.  Razoom uses a visual algorithmic programming and modeling language.  Powered blockchain technology, it will also have gateways for interacting with other databases. The platform is the operating system and interface for writing smart contracts for any business process (contract) by ordinary Internet users and holders of crypto-currencies.

 

PROS:  Positive trends within multiple businesses (particularly financial institutions and exchanges) migrating to blockchain technology and particularly the use of smart contracts, addresses pain points and inefficiencies by decreasing time between execution of contract, to approval of funding and ultimately deposit of funds.

 

CONS:  Presale bonus of 100% offers an extremely deep discount, while this may help the ICO gain traction and attract investors in the short term, it runs the risk of creating high volatility and downward pressure on the token price once it is listed on exchanges and investors liquidate for short term profits, not a new or novel idea, very low activity and traction on social media, website and white paper rife with translation errors.

 

SCORE:  30/100