Boomstarter.Network (BC) ICO Review and Rating

What is Boomstarter about?

The first global fundraising platform based on crypto, blockchain and smart contracts. Global participation, speed and transparency of transactions, with an option to support fundraising goals with non-material methods. Boomstarter.Network aims to lift a number of serious limitations typical of the existing crowdfunding services.

One of the top priorities is to remove country restrictions found on the world’s leading fundraising platforms. They do not allow placement of new projects by anyone outside of a very limited number of developed industrialized countries. On Boomstarter.Network, authors from any country in the world will be able to start their crowdfunding projects. The use of cryptocurrencies will allow contributors worldwide to engage and support their chosen causes.

Boomstarter.Network ICO Review and Analysis

Review and analysis of Boomstarter.Network by ICO analysts:

Strengths

Hard cap seems highly attractive from an investors perspective
Roadmap seems realistic and achievable considering the team size and goal for funding
Few reviews and media articles found on organic Google searches

Potential concerns

Some of the LinkedIn profiles lack connections and endorsements. Also some profiles lack in previous experience
Social media communties are extremely small at the time of review. Great amount of funds are allocated to marketing so we are expecting these numbers to change in the future
Bonus structure / price of the token on different sale stages is questionable and could potentially scare investors at later stages

Boomstarter.Network ICO Rating: A

Boomstarter.Network rating breakdown by ICO analysts - Learn more about the rating and grading here

Rating category	Rating	Comments
Team legitimity	2.9
LinkedIn Profiles	2.5	Some of the LinkedIn profiles lack connections and endorsements. Also some profiles lack in previous experience
Background of Lead Team Members	2.5
Team Assembly and Commitment	4
Team Skill Set Relevance	2.5	Some profiles lack in previous experience so this category is quite challenging to analyze
Team Skill Set Balance (biz / tech / blockchain)	3
First Impression	4.25
Potential of tokenization model	3.1
Blockchain Development	3
Disruptive Blockchain Advantage	3.25
Need for a Custom Token (vs. BTC or ETH)	2.25	The need of a custom token is highly questionable
System Decentralization (besides token)	3
Contribution to Blockchain Ecosystem	4
Hard Cap	4	Hard cap seems highly attractive from an investors persepective
Token allocation + Fund allocation	3.75	Bonus structure / price of the token on different sale stages is questionable and could potentially scare investors at later stages
Professionalism of the available material	4.25	All available materials were highly professional
Comprehensiveness	4
Readability	4.25
Transparency	4.25
Business Plan Presentation	4
Technology Presentation	3	Github available is allways a good thing in my book
Realism of the roadmap compared to the team size and budget	4.5	Roadmap seems realistic and achievable considering the team size and goal for funding
Concreteness	4
Feasiblity	3.75
Vision	4.25	Easily relatable visio
Dependencies (other services or capabilities required)	3	Few dependencies like a partnering exchange that converts the incoming funds into ethereum as presented on the whitepaper
Current Position	4
Partnership network	3.75	Few relevant partnerships presented on the website
Background of the managing organization	4	Extensive history of managing organization. Verifying this information wasn't successsful in a short manner of time
Size of social media communities	2.5	Social media communties are extremely small at the time of review. Great amount of funds are allocated to marketing so we are expecting these numbers to change in the future
Reviews on other ICO sites and media	3.75	Few reviews and media articles found on organic Google searches.
Is it easy to find the relevant information from the provided materials?	4

What is the value proposition of Boomstarter?

The new blockchain-based platform also ensures the transfer of funds from supporters to project creators is fast and swift. Transactions will only take minutes, while on existing traditional platforms the parties have to wait for weeks to send and withdraw the money.

Inspired by the pioneering effort of UNICEF, Boomstarter.Network introduces mining of cryptocurrencies for global crowdfunding. The new platform offers project supporters a safe and easy tool for producing virtual currencies on their personal computers. They can retain part of these digital assets and also use them to support their favorite fundraising goals on the platform.

Based on Ethereum blockchain, Boomstarter.Network uses smart contracts to ensure trust in its ecosystem. These are computer algorithms that automatically guarantee that project authors will receive the amounts due when the preset fundraising goal is reached.

Blockchain technology provides transparency in how project authors use the raised funds. This enables the community of supporters to track and offer feedback on the way creators allocate the money they have collected for the development of their product.

The Boomstarter token

Total supply: 36million
Tokens sold on tokensale: 27million
End ICO token price: $2

Factors generating demand for the Boomstarter token

The natural need for crowdfunding is caused by
the necessity to have a variety of ways to finance ideas,
products and social initiatives.
Over the past decade, there has been a steady
increase in the international market for new financial
products that facilitate sourcing and securing funds
for the implementation of new ideas.
Boomstarter Coin (BC) will be the only way to access
the smart crowdfunding service Boomstarter.Network and
the new opportunities for financing ideas that the service
provides.
Hundreds of thousands of people around the world
are in search of financing to create new products and
realize their ideas: these are potential project authors
of Boomstarter.Network, ready to take advantage
of the new opportunities for crowdfunding.
Millions of owners of powerful computers will be able
to support the authors’ projects with the processing power
of their equipment: they are potential users of the Miner
Pro account, which makes it possible to receive 5%
of a project’s total cryptocurrency mining pool.