snapcity-ico-review
Company: SnapCity
Industry: Gaming / Geo-Location Tourism
Website: https://www.snapcity.io/
Whitepaper https://www.snapcity.io/whitepaper
Headquarters: Unknown
Token: SNPT
Platform: Ethereum
ICO Timeframe: 01/13/18 – 03/13/18 (PreSale & ICO)
Token Supply: 200,000,000 SNPT (50% Crowdsale)
 Score:  52/100

 

The SnapCity platform is geo-location adventure app that will help users find out the best places in cities across the world.  The platform plans to target travel enthusiast with ‘check into’ challenges, which will be rewarded with points within the SnapCity ecosystem.  The awarded points are redeemable at the participating businesses for either a product or service on offer. The platform aims to help users spend more time in a city whenever they are traveling.  There are two features present on SnapCity. These are viewing and completing contests. In the viewing option, users get to see the different types of tasks within their area of the range.  Each challenge is represented by a variety of colors, with red indicating a system challenge created by SnapCity. Any completed contests are shown in a green color whereas blue markers are challenges created by a friend near you.

 

PROS:  Management team is maintaining a significant amount of tokens which should incentivize them, to bring the project to a successful completion, already has one business that has agreed to advertise on the platform, however, many more will be needed for geographic expansion, app will reportedly be launched shortly on iOS and Android.

 

CONS:  Project roadmap does not extend beyond June 2018, management team is extremely young and almost solely consists of developers and one securities trader, none of them have relevant experience in successfully growing and maintaining a project / business, ICO has yet to gain traction, relatively short white paper with very little granular detail, stiff competition from other social media games (highly competitive market with short app lifespan).

 

SCORE:  52/100