Grotto Technology Inc. ICO Review & Rating

Delivering business process automation solutions, built on blockchain technology and smart contracts.

Review & Analysis ❯ Website⇱ Whitepaper ❯

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What is Grotto Technology about?

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We will unite commercial buyers and sellers in a decentralized, open and fair network, enabling the execution of business processes across whole industries and participants. This will allow businesses to generate economies of scale through the ability to interact with anyone on the network.

Grotto Technology Inc. ICO Review and Analysis

Review and analysis of Grotto Technology Inc. by ICO analysts:

‍Strengths

Market opportunity is huge as even little improvements in the way of operating in the industry will lead to significant cost savings when scaled
The managing organization has a patent pending technology, Grotto Supply, to streamline beverage sales process
Use of funds described and budgeted for different funding amounts

Potential concerns

The high hardcap of 600m USD could dilute the market value of the token
The size and engagement of social media community is very low for the time being
The project would greatly benefit from having additional team members and blockchain advisors at this stage

Grotto Technology Inc. ICO Rating: B

Grotto Technology Inc. rating breakdown by ICO analysts - Learn more about the rating and grading here

Rating category	Rating	Comments
Team legitimity	2.8
LinkedIn Profiles	2.25	The team members lack endorsements and the track records based on LinkedIn profiles seem a bit modest
Background of Lead Team Members	2.75
Team Assembly and Commitment	3	Two core members still working at their previous employer Nvidia
Team Skill Set Relevance	3.5	Decent industry knowledge
Team Skill Set Balance (biz / tech / blockchain)	2.5	Couldnt verify the team's competence in blockchain area, most likely they would need reinforcement in this area
First Impression	2.75	Quite simple website and very simplistic whitepaper, would need to add some meat to bones
Potential of tokenization model	2.95
Blockchain Development	3
Disruptive Blockchain Advantage	3
Need for a Custom Token (vs. BTC or ETH)	2.75	Another utility token
System Decentralization (besides token)	3
Contribution to Blockchain Ecosystem	3
Hard Cap	1.75	600m hardcap is not appealing to ICO investors
Token allocation + Fund allocation	3	GTST costs ETH 0.0020, Fund allocation has plans for different scenarios of funds raised. Token distribution lacks explanation for 30% reserved, if it is for team or something else.
Professionalism of the available material	2.95	Some key details are missing, and website only manages to scratch the surface
Comprehensiveness	2.5
Readability	3.75
Transparency	3
Business Plan Presentation	3
Technology Presentation	2.5
Realism of the roadmap compared to the team size and budget	3.3	The current team needs to hire tens of people to complete the whole roadmap
Concreteness	4
Feasiblity	3
Vision	4	Streamlining processes that are currently bureaucratic in the industry is appealing, as even a little improvement would result in big cost savings when scaled
Dependencies (other services or capabilities required)	3
Current Position	2.5
Partnership network	1	No information found on current partnerships
Background of the managing organization	3	Grotto tech has the Grotto Supply (a patent pending technology) to streamline beverage sales process
Size of social media communities	2	FB and twitter channels exist but following and engagement are almost non-existent
Reviews on other ICO sites and media
Is it easy to find the relevant information from the provided materials?	2.5	Some key information missing, and many details are not in listed in a standard format

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What is the value proposition?

Grotto’s first automation solution will be Supply: a patent pending business process automation solution for businesses in the beverage industry. The beverage industry in the United States generates over $380 billion in sales annually. Retailers are faced with the burden of managing multiple vendors. Grotto Technology will provide an automation solution to connect wholesalers and retailers in an open network that will improve the efficiency of purchasing and automate back office processes.

The token

Hard cap of 600M USD

Total Token Supply: 1,000,000,000

Reserved: 300,000,000

End Price: 0.002 ETH

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Because the number of tokens is limited, and subsequent issuance is not allowed, the price of GTST will be determined by demand. Demand for GTST will grow due to several factors, including, but not limited to:

• Transactions will be executed in GTST. Accordingly, increase in network members’ trading volume will increase demand and for tokens.

• The volume of the potential market supported by GTST signiﬁcantly exceeds the tokens’ market capitalization at the time of the Token Sale.

• Grotto Technology has a patent pending technology, thorough road map for product development, and marketing and sales plan that will consistently increase the project’s audience and increase the level of adoption.

• Grotto Supply will have partners preceding the official launch who will provide an active client base.