BlokBiz ICO Review & Rating

BlokBiz is a crowdfunding platform that applies all-round compliance and project managing for the enrolled entities.

Review & Analysis ❯ Website⇱ Whitepaper ❯

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What is BlokBiz about?

BlokBiz is a crowdfunding platform within the cryptocurrency segment. Their goal is to build a platform where all the listed ICOs are thoroughly checked by their team using globally approved compliance and AML methods. Only those companies can appear their our platform which fully passing on the aforementioned procedures. Investors can browse on their platfrom for ICO investments knowing that every company is carefully checked and rated.

BlokBiz also sends out the funded amounts to the companies in installments based on their budget plan and the progress in the project. If the project does not proceed the funded amounts will be sent back to the investors. Their tools for achieving these goals are 24/7 customer service, professionalism, strict policies, helpful attitude and dedicated project managers for enrolled ICOs to maximize supervision and productivity.

What are the value drivers behind BlokBiz token price?

BlokBiz’s goal is to provide a surface where our customers can invest in viable projects knowing that their invested funds are in company that is fully monitored and supervised. They believe that they provide a solution that is very well demanded by the market and it can grow widely used and popular. Owners of XBZ tokens will be able to use the tokens to reduce their transaction costs when investing in a company within the BlokBiz portal, which will affect the demand for the token and is therefore the main driver behind BlockBiz token price.

BlokBiz ICO Review and Analysis

Review and analysis of BlokBiz by ICO analysts:

Strenghts

Attractive hardcap of 6.9M USD
Project aims to solve a major issue in the ICO sphere

Potential concerns

Social media communities have some room for growth still
Team LinkedIn profiles seem to be very poorly connected and possibly newly made for the most part
No partnerships announced

BlokBiz ICO Rating: BB

BlokBiz rating breakdown by ICO analysts - Learn more about the rating and grading here

Rating category	How to evaluate	Rating	Weight factor
Team legitimity		3.1	5
LinkedIn Profiles	How professional the LinkedIn profiles are?	2.5
Background of Lead Team Members	How strong and suitable backgrounds the core team members have?	2.75
Team Assembly and Commitment	How well the team is assembled and commited to the project?	3
Team Skill Set Relevance	Are the team skills relevant for delivering what the project promises?	3.5
Team Skill Set Balance (biz / tech / blockchain)	How balanced are the team skills sets between business, technology and blockchain areas?	3.75
First Impression	What kind of first impression the ICO website and whitepaper gives?	2.75	1
Potential of tokenization model		2.9	4
Blockchain Development	How far is the blockchain development going at the moment?	3
Disruptive Blockchain Advantage	Does the ICO have a unique disruptive blockchain advantage based on the materials?	2.5
Need for a Custom Token (vs. BTC or ETH)	What additional value does the customer token bring to users and investors?	2.5
System Decentralization (besides token)	How decentralized is the system?	3
Contribution to Blockchain Ecosystem	How strong the contribution is to blockchain ecosystem?	3.5
Hard Cap	Is the hard cap of the ICO appealing from investor's point of view?	4.75	3
Token allocation + Fund allocation	How are the tokens allocated after token generation? How are the funds raised from the ICO going to be distributed in moving forward with the project?	3	2
Professionalism of the available material		3.45	2
Comprehensiveness	Do the materials cover all necessary aspects so that the investors can make their decision?	3.25
Readability	Are the materials easy to read and understand?	3
Transparency	Do the materials appear transparent and open regarding the project?	3.5
Business Plan Presentation	How well the business plan is presented?	3.75
Technology Presentation	How well the technology is presented?	3.75
Realism of the roadmap compared to the team size and budget	The roadmap is divided into 4 tiers according to different amounts of money raised	2.85	2
Concreteness	How concrete and measurable the milestones are?	2.75
Feasiblity	Do the milestones make sense in terms of the project being successful if the milestones are reached?	3.5
Vision	Is the vision easy to understand and what kind of impact it would cause?	3.5
Dependencies (other services or capabilities required)	Does the project need other resources to thrive?	3.5
Current Position	What has the project accomplished so far?	1
Partnership network	Has the ICO announced partnerships, if so how big and credible companies are they?	1	3
Background of the managing organization	Has the managing organization a successful track record in business?		2
Size of social media communities	How big are social media communities, especially Telegram and Twitter following?	3.25	2
Reviews on other ICO sites and media	Are there other reviews of the ICO available?	2.5	2
Is it easy to find the relevant information from the provided materials?	Is it easy to find the relevant information from the provided materials?	4	1

What is the value proposition of BlockBiz?

BlockBiz tries to minimize the possibility of fraudulent activities by combining the new technologies and well-tried standard compliance methods. They do believe that comprehensive methods like compliance check, project managing and pay out in installments creates a more safe environment for everyone in the market. It’s not just an advantage for the investors but for companies as well because only by appearing on our portal is very good reference.

The BlockBiz token

Total supply: 100 000 000 XBZ
85% of tokens will be sold
Tokens will be available for purchase after the sale period as it can be used for reducing transaction fees withing the BlokBiz portal
Price at the beginning of sale 3252 XBZ = 1 ETH
No whitelist

When the sale ends BlockBiz will start to offer our tokens at a price of 1891 XBZ = 1 ETH and it may change regarding the supply at their own stocks.