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Zeepin’s not Creepin’ It’s Ready to Go Live: Past-ICO Review

  • Eric Eissler
    🕵️‍ ICO Watch

    Tools for the creative industry to license, protect and share creative is about to go live at the end of August


Zeepin’s not Creepin’ It’s Ready to Go Live: Past-ICO Review
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Zeepin is a decentralized Blockchain developed for the global creative industry and the decentralized sharing economy community. The Blockchain is designed to help global creative content creators with asset digitization and rights confirmation, ensure these digital assets, enable efficient transactions and crowd-funding of creative assets, help organizations and individuals improve innovation efficiency, and incubate a large number of self-governing for-profit creative organizations.

Financials

Zeepin had a one-day token sale on Jan. 18, where it was able to raise some $62 mln in one day. The cost of a token during the sale was $0.13 and half of all one bln tokens were made for sale on that day. The token entered the general trading market on Jan. 30 at $0.18 and has experienced several ups and downs since. The token price is currently on a downward trend and is at its all-time low price of $0.03. Its market cap has dissipated to $19 mln and daily trading volume is at $250,000. It could be said that the current bear, really big bear, market is weighing heavily on all token prices and there has been little relief from the ongoing price correction.

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Team

Zhu Fei- CEO & Founder

Fei is the former CEO of Arting365, with 15 years of experience in the creative industry. He has much experience in art and creative industry to drive Zeepin. He was the Director of Shanghai Top Young Creative Talents Association, Director of Shanghai-Jiangnan Intelligent Manufacturing Park Creative Industry Promotion Center, Director of Shanghai Industrial Design Association. Fei has founded Internet companies involving creative ecommerce, creative media, and design education, and has successfully created and operated a creative community with over 1.2 mln designer users.

Karl Xu-Co-founder & CSO

Xu has had much experience in strategy and operations. With an engineering degree in polymers, Xu has had the opportunity to work at GE in several management roles and SABIC. An engineering degree and more than 10 years of experience in business give Xu a strong foundation to be CSO.

Jason Xu- Senior Developer

Xu has worked for several enterprises and has more than 10 years of technology development and operation experience. He is familiar with the deployment and optimization of distributed applications and carried out certain research on data structure, asymmetric encryption, security protocol, and encryption algorithms.

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Mainnet launch, DApps Ready

Zeepin’s mainnet is scheduled to go live at the end of the month on Aug. 31. The company already has several DApps ready for launch including, but limited to  ZeeRights, ZeeCreate, ZeeSure, ZeeProof, ZeeWallet and CryptoGalaxy. These DApps will work within the Zeepin ecosystem to provide the tools creative producers need to secure their creative works.

While we were not able to get any response from the company on how they are dealing with perceived competition nor market acceptance, it could be said that they have a rather solid footing a massive amount of followers supporters on social media. The litmus test comes at the end of the month when the mainnet goes live. We must sit tight and wait until then.

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Cover image via u.today
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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.

Cover image via u.today
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