TrustBar ICO Review & Rating

TrustBar is creating a decentralized cryptocurrency exchange on the NEO blockchain.

Review & Analysis ❯ Website⇱ Whitepaper ❯

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What is TrustBar about?

TrustBar is a Decentralized Cross-Chain Exchange. TrustBar is a highly anticipated project that is creating a decentralized cryptocurrency exchange on the NEO blockchain. TrustBar is a decentralized crypto exchange that enables an individual or institutions to trade with another cryptocurrencies and tokens. Using a smart matching engine, TrustBar enables the seamless cross-chain exchanges of currencies and tokens. The exchange will deliver state of the art security while also providing speed and ease of use.

What are the value drivers behind TrustBar token price?

The main value drivers behind TrustBar token price is the estimated future cash flow which affects the dividends, trading fee discounts and token buyback scheme. Investors who purchase a minimum of 2000 TSB will receive monthly dividends from the profits generated from the exchange. Token holders will also receive trading fee discounts. Once the exchange is up and running a buyback scheme will be implemented where tokens will be bought on the open market and burned.

TrustBar ICO Review and Analysis

Review and analysis of TrustBar by ICO analysts:

Strengths

The project has great visuals of marketing materials to attract investors
Overall tokenomics of the project seem balanced and there are no glaring flaws in this area
Token holders with at least 2000 tokens will receive monthly dividends from project profits, which is a great value driver for the token price combined with the token buyback program
At the time of the review the project has established a decent media coverage and strong community support with over 13k Telegram and 10k Twitter followers

Potential concerns

Hard cap of the project, 35M usd, is a bit on the higher side of ICOs
Some of the team members are a bit less well-connected on LinkedIn, although they also seem to have more business experience than average ICO founders

TrustBar ICO Rating: A

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

Rating category	How to evaluate	Rating
Team legitimity	How experienced is the team in terms of blockchain and project industry track records?	3.6
First Impression	What kind of first impression the ICO website and whitepaper gives?	4.25
Potential of tokenization model	How appealing is the token from both project business and ICO investor's point of view?	3.85
Hard Cap	Is the hard cap of the ICO appealing from investor's point of view?	3.25
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?	3.5
Professionalism of the available material	How good are the marketing materials of the ICO?	3.1
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	3.2
Partnership network	Has the ICO announced partnerships, if so how big and credible companies are they?	3.5
Background of the managing organization	Has the managing organization a successful track record in business?	NA
Size of social media communities	How big are social media communities, especially Telegram and Twitter following?	4
Reviews on other ICO sites and media	Are there other reviews of the ICO available?	4.25
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

What is the value proposition of TrustBar?

TrustBar’s protocol is built on multiple blockchains and systems that support the use of a decentralized exchange. Using a smart matching engine, TrustBar enables the seamless cross-chain exchanges of currencies and tokens.

The TrustBar token

Total supply: 180 000 000 (180 million) TSB will be minted.
The token allocation will be divided or split into
- 60% for the ICO
- 20% for team incentives
- 10% to the founding team
- 2% for advisors
- 8% to the community
Any unsold tokens will be distributed to investors to ensure their % holding doesn’t get liquidated so they will always have 60% of the exchange
Once the exchange is up and running a buy back scheme will be implemented where tokens will be bought on the open market and burned