Ico Start Date: 20-Nov-17
Ico End Date: 28-Feb-18
COINTED is building a bridge between the cryptocurrency world and the real world. Even though cryptocurrencies have brought a whole new dimension in creating value, consumers regularly face the same problem: how can I easily change my cryptocurrencies into fiat currency? Additionally, consumers are also looking for easier and more secure ways to get their hands on cryptocurrencies in the first place. The goal is to satisfy the demand for convenient ways to convert fiat currency into cryptocurrencies and vice versa, without abandoning safety.Banking
Already cryptocurrencies are being adopted globally by consumers and the business world alike. As a commodity that is unrestricted by national borders, we strive to build a bridge between the real world and cryptocurrencies through future-oriented products and services.
Unlike other projects in the cryptocurrency world - where business ideas are being presented without transparent roadmaps how those self-set goals are meant to be reached - Cointed already offers a wide range of working blockchain-based products and services. The company has a successful business model and is already
Exchange. Card. Mining. ATMs.
Exchange. Card. Mining. ATMs.
No info about roadmap, bad representation allaround.
1. Really poor design and marketing materials; 2. If you plan to "convert fiat currency into cryptocurrencies and vice versa" could you name even a single bank / (intermediary) that is willing to provide liquidity for such transactions - when you try to get fiat from them that was originated from cryptos with unknown source of capital? - Any reputable bank will immediately block such transactions, and you will get problems with compliance. 3. Why use Deloitte logo in the WP Page 41? 4. WP Page 11: "we are currently in the final stages of acquiring a banking license." - FYI "the minimum capital requirement (including paid-up share capital and balance of share premium account) for licensed banks (HK$300 million) is higher than that for restricted licence banks (HK$100 million) and deposit-taking companies (HK$25 million)" so assuming that you are "in the final stages of acquiring a banking license" which is a deposit-taking company (which have its own restrictions and is not a simple bank, which will significantly limit your operations) - it implies you have at least $3.2 millions already (besides the other license-related expenses that would have been incurred), so why you need an ICO? 5. Please decide - are you from Hong Kong or from China? Because on the website all references are for Hong Kong, here - China (you must be very brave to do ICO in China now and to publically announce that).
I stumbled upon this project since it is from my home country. What I want to say is that I disagree with most comments here. People seem to be randomly voting just so they can mix this up with paid votes. Team 5: Nearly none other ICOs have been there as long as Cointed. Also nearly nobody has a real team as big as theirs. Vision 5: They have so many different ideas about blockchain products, that only someone who has not seen their whitepaper can vote them less. Product 5: This category I nearly voted 4, since they have so many products, that the focus might be lacking. On one hand they have working and profit generating ATMs and Crypto Exchange. On the other hand, they state something about Payment processing devices and bitcoin debit cards, on those I just found not enough info about the status. As icobench says, do your own research before believing what others say.
Many ICOs and successful project do not have even a working product. This is a company that has been operating for 3 years, making it less risky than many other projects. They have a transparency report with excerpts of invoices and contracts to back up their claims. Fiat to crypto exchanges undergo quite a lot of regulation and follow the same AML practices like KYC that banks do.