Blockcloud - Tokenomics and ICO process review
Hi,
in this review we are going to take a look at tokenomics and ICO process of one of the best upcoming ICOs - Blockcloud.
ICO process
Whitelist process is really smooth having a 10 day period to do KYC and making sure there is no rush, everybody has enough time and it's not FCFS process. Overall consensus in community is very positive about whitelisting process.
Ozone program
Ozone is designed to record the activity and contributions of Blockcloud fans. Points are the based on your contribution to the Blockcloud community, as well as a record of community careers. Community members will be rewarded for their good performance in Ozone, but its important to remember that you have to pass KYC in order to gain an allocation in the crowdsale. For now its not known how big the allocations will be, but in total there is $1M total allocation for community members.
Quick stats
Hardcap: $15 M
Token price: $ 0.008
Token supply: 10B BLOC
For sale: 2B BLOCK
Seed sale: $2 M
Private presale: $12 M
Community crowdsale: $1M
Mining rewards will be released at 5% every year equally over a 6 years period.
BLOC token distribution:
So, let's breakdown those quick stats.
Team is rasing $15M and in today's market that is really low for infrastructure project like this; there are some projects with lesser scope rasing $50M and more, that is more than 3X what Blockcloud is raising. We can conclude that team is not greedy and they are only trying to raise the money they need to develop this project and bring it to market.
Conclusion
Whitelist and ICO process are nicely done and could serve as a benchmark for futures projects on how to do smooth and satisfying ICO raise. Team is giving everyone a chance to get it while being fair and giving better allocations to those who are willing to put in the work and help Blockcloud.
When looking at tokenomics simply put - Blockcloud is undervalued project with it's $15M market cap in today's market. Having such cap gives it, in my personal opinion, lot of upside post ICO making its great short, mid and long-term hodl.
This article is my personal opinion and not an financial advice, please do your own due diligence.
This article is written by: @An_sev ; address proof, last 6 digits of eth address: c1901a