Cindicator ICO Review – CND Investment Analysis

https://cindicator.com

ICO Details

Symbol – CND

WhitepaperLink

When – Tuesday, September 12th, 2017

How to Participate – ETH will be accepted in the sale.

Soft Cap – Unknown

Hard Cap – 15 Million USD

Total Max Market Cap At ICO – 20 Million USD

Exchange Rate: 1 CND = .01 USD

Total Tokens in Circulation At ICO – 2 Billion


Overview

Cindicator is the last in a line of projects aimed at leveraging the power of the blockchain in order to create an investment platform. The unique aspect of Cindicator is that they will combine the data gained from machine learning, decentralized user input, prediction markets, and professional analysts into what they call their “collective intelligence platform.”

The closest similarity to Cindicator are Numerai and Enigma, which are two competing blockchain projects aimed at tackling this same problem. Cindicator’s differences, however, include the use of prediction markets (for better or for worse) as well as a more clearly relevant token incentivization structure (in the case of Numerai).

The benefits of Hybrid Intelligence for an ecosystem and community are:
– a technological and analytical infrastructure for the efficient and safe management
of investors’ capital by investors themselves or licensed managers
– an opportunity for analysts to monetize their intellectual assets without
risking their own funds
– tools and data for making investment decisions under the conditions of
market uncertainty
– up-to-date analytics of the industry, expectations, opportunities, and market
growth points
– indices and ratings of crypto-assets.


Notable Team Members/Advisors

Charlie Shrem

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One of the earliest investors to the crypto space, Charlie Shrem is the founder of Bitcoinfoundation, serves as an advisor to Changelly, and is one of the most prominent figures in blockchain today.


Positives

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Cindicator’s main strengths lie in two aspects of their offering. Firstly, the technology that their project is based on uses several more data inputs compared to similar competitors. For example, Enigma is mainly a platform for data scientists, while Cindicator is implementing professional traders and crowd forecasting as part of its package. While it’s difficult to say which of these technologies will come out on top, it’s a safe bet to take part in both of these.

Secondly, the ICO details are some of the fairest we’ve seen in recent newcomers – they are capping their sale to a fixed USD value (as opposed to appreciating tokens), priced in at 15 Million total. Secondly, the distribution of the sale means that sale participants will get 75% of the whole chunk of tokens – a nice increase to the 50% average we are usually used to in initial offerings. As a consequence, this means that Cindicator will have a 20 million dollar valuation out of the gate, and when comparing it to other similar projects such as Numerai (total cap at 72 Million as of this post) and Enigma (which will be around 60 million) it has the clear advantage.


Negatives

Cindicator’s team is their weakest point – and the team is the lifeblood of any project. While they do have a power player in the form of Charlie Shrem as their advisor, most of the Cindicator team is quite young and have proven no real experience in the blockchain space, or otherwise. Investing into Cindicator, while potentially profitable, could also be a project that simply never takes off or hits snags more experienced teams would simply be able to deal with.


Conclusion

Cindicator has a hungry team, and while that may not be enough for some investors looking for more experienced players, a risk such as this one may just work out for those looking to make bold moves. Their technology has the capability to be on par or better than its relatively bigger competitors, and this presents an opportunity to get on the ground floor of a potentially huge investment.

 

Investment Grade: 80%

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