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Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?
Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

Past-ICO Review: Hero Token

  • Eric Eissler
    🕵️‍ ICO Watch

    Riding the crypto wave, a mobile pawnshop brands itself as an innovative crypto-based credit solution for the underbanked

Past-ICO Review: Hero Token
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Underbanked, underserved. This phrase sums up Southeast Asia where only a meager 20 percent of the population have bank accounts and few people have access to proper credit lines. Hero Token wants to play hero and rescue these unfortunate victims of the big banks. While that sounds nice and all, upon further inspection it appears that Hero Token is not as inventive as the other credit-offering cryptos on the market. No, not at all. As it turns out, Hero Token is just the Uber of pawnshops, where a so-called trooper comes to a home and collects the item in up for a pawn offer. After pick up, the trooper takes the item for appraisal and should the item be genuine, then a credit is offered through the app. There is nothing really mind-blowing about that; a Blockchain is not even required to transact at this level.

👉MUST READ Past-ICO Review: Laughing All the Way to the Crypto Bank

Run the numbers anyways…

It comes as no surprise that the token price tanked shortly after entering the public market. Starting at $0.35 May 22, the token had one spike to an all-time high of $0.76 on May 30. It then subsequently fell down to $0.05 at the time of writing. The token sale raised $36 mln, which, at that amount garnered attention, but not for very long. No, no, no. Here we have another coin without a market cap and the lowest daily trade volume, this analyst has ever seen: $14- most likely someone wising up and selling their share, knowing that, that $14 could be spent better elsewhere. CoinMarketCap has it ranked at 1891, coming in towards the very bottom of the totem pole.

Who is on the team- good question!

No team on the site, nor were they able to be found on a third-party site. A very bad sign indeed. When the team is unlisted and there appears to be no way to directly contact them, then those are signs to turn in the opposite direction and high-tail it outta there. To remain competitive fintech companies attempt to be as transparent and professional as possible, if not then red flags fly high!

👉MUST READ Too many Cooks and Coins in the Crypto Kitchen: Past-ICO Review  

PawnHero is the real company

PawnHero started back in 2015 to provide a better service for the underbanked in the Philippines. It was more recent that Hero Token grew out of PawnHero and became, basically a cash injection for the company by jumping on the crypto-buzz-word bandwagon. They said so themselves:

Since 2015, through our subsidiary company PawnHero, we have been disrupting the current financial system that excludes two bln people from the banking system by leveraging technology to create a more inclusive, transparent, and efficient system that allows people to access financial services in Southeast Asia.

Is this really going to happen? Well, it’s already happening. The team behind the Hero Token also started the first fully licensed online pawnshop PawnHero in Southeast Asia. PawnHero essentially turns every mobile phone into a pawnshop. Because it uses technology, the interest rates are half of what traditional pawnshops charge.

As previously mentioned, this is a mobile pawnshop and Blockchain and crypto only supports their marketing to raise capital. A tanked token and no market cap, obviously took the cash and injected into the pawnshop.  

👉MUST READ Past-ICO Review: CPChain

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The Top Rate ICO Industries in 2018

  • Stavros Georgiadis
    📊‍ Infographics

    Investing in ICOs requires due diligence and analysis of potential risks and returns.

The Top Rate ICO Industries in 2018
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Investing in ICOs requires due diligence and analysis of potential risks and returns. CoinDesk is its article named “The Seven Pillars of ICO Investing” has listed the most important pillars to consider before deciding to invest or not on any specific ICO project.

These 7 Pillars are the following:

  1. Team
  2. Idea
  3. Execution
  4. Legal/Regulatory Framework
  5. Tokenization
  6. ICO Structure
  7. Price Divers

What is interesting and should not be surprising though in the ICO investing is the fact that business models and marketing, promotional channels differ significantly in the amount of fundraising, as some business categories have in general twice the median funding compared to the smaller ones. The following statistic may be useful to investors as it represents the ICO categories with highest median funding. A higher amount of funding may be justified by future business prospects about what investors believe are the most promising trends that could be deliver desired returns on investments given the risks taken.

Categories with highest median funding in 2018:

  1. Blockchain Infrastructure
  2. Internet & Telecommunications
  3. Computing & Data Storage
  4. Data Analytics
  5. Asset Management
  6. Legal Services
  7. Social Media & Communication
  8. Supply & Logistics
  9. IT
  10. Identity & Reputation

These business categories are referenced not in random order, but from highest to lowest order of median funds raised. The Blockchain Infrastructure category has the highest median funds raised at $ 7,012,289, while the Identity & Reputation category has the lowest median funds raised in 2018 at $ 3,750,000. The first and last business categories have a significant difference between them in terms of median funds raised as the Blockchain Infrastructure category is 87% larger than the Identity & Reputation category.

Another key interesting statistic in ICO investing is the geographical distribution of projects fundraising in the third quarter of 2018. The following infographic shows that there are again very large differences within continents. Europe and specifically Russia with $ 182.9 Million was the largest market, Israel with $19.6 Million was the smallest market, while South Korea witnessed a significant drop in fundraising as according to ICORating, in Q3 2018, 17 projects with South Korean origins raised USD 68 million, compared with 16 projects and USD 301 million in Q2 2018.

Geographical distribution of projects based on origin of the project team, Q3 2018

Geographical distribution of projects based on origin of the project team, Q3 2018

Country of origin means a country in which more than 50% of team members were living at the time of an ICO.

Another point worth mentioning is that in Q3 2018 USA had the largest number of projects compared to all mentioned countries in the above infographic, still Russia with a smaller number of projects, 63 was as mentioned the largest market.

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